Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[micalith]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

I have to agree with you. A sell order at the ready in the early 130s would be a safe bet.. We shall see!

Well if you look at the past red candle activity, every week or so there is someone dumping coins, maybe its a silk road trader, but its as regular as clockwork and who ever it is, is overdue for a dump to get their hand on fiat

good call!

[SlipperySlope]

What is notable about this drop is how fast the ask walls are following the price downwards.

[Ultraviolet]

In fairness, Court Orders targeting Gox accounts in the US could be really, really big news.

Woot for volume though.

[Odalv]

Mtgox trading engine lag: 37049m 45s

[fr33d0miz3r]

This is the guy from a Finnish sauna who stole 100,000 bitcoins

[ronaldlee0917]

That's why Ripple maybe good for the growth of Bitcoin.
We need a trustworthy exchange that doesn't suck and with high trade volume.

[Gabi]

That's why Ripple maybe good for the growth of Bitcoin.
We need a trustworthy exchange that doesn't suck and with high trade volume.

But how do you buy ripple coins?

[SlipperySlope]

Remember that in November one could buy a bitcoin for $10. This downdraft will very likely not go that far.

[HerrDoktor]

Things could be worse. At least the wall at 120 is still there

[keewee]

[TheJuice]

Wish I had more fiat to move on in!

[mrbitbank]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

Is my prediction coming true? BTC was $118 when I wrote this, now down to 110, heading below $100 I say

[SlipperySlope]

There is power to this downdraft.

Hourly volume is already 7000 BTC 10 minutes after the hour.

[dexX7]

The real question for me: sell and look for a new entry point which could be missed or buy more BTC on the way down.

[Creenome]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

Is my prediction coming true? BTC was $118 when I wrote this, now down to 110, heading below $100 I say

I guess I've failed to see the 5-10% rise since you've posted that.

[NamelessOne]

For the past 8 days the rate has been unusually steady hardly any fluctuations, I can see a pump and dump is due within the next couple of days> I expect the price to increase a moderate 5-10% more then we will see a sudden dump with a 30% fall then a steady increase as people get out their poop scoopers to collect the cheaper coins that others lost shitting their pants

Is my prediction coming true? BTC was $118 when I wrote this, now down to 110, heading below $100 I say

God I hope so! Sub 100! 40! Please 40$ LOL

[giszmo]

Mtgox trading engine lag: 37049m 45s

maybe a bug

[MAbtc]

so fast...... glad I went with my gut this morning.....

I see 1m20s

[SlipperySlope]

Wall busting volume.

[mccorvic]

Mtgox trading engine lag: 37049m 45s

maybe a bug

I've seen this happen on occasion the last week or so.  Even at points where there was about 5 or 6 seconds of lag it would jump randomly to that 100000m lag.