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

[derpinheimer]

Another dip below $200 incoming, or no?

It seems like flashcrashes just cant work without good 'ol goxlag.

[molecular]

nice correction, let's see if that's it. If it's like it was back in February, 160 or so should be the floor and it should recover quickly (half a day or so)

[windjc]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

[molecular]

Another dip below $200 incoming, or no?

hard to say. It's quite possible, but not necessary

[mah87]

nice correction, let's see if that's it. If it's like it was back in February, 160 or so should be the floor and it should recover quickly (half a day or so)

NO MORE FUEL. It's gonna bounce a little then go back to 120$, round 2 incoming

[hyphymikey]

Did Btc-China "crash" first or Gox?

[derpinheimer]

Did Btc-China "crash" first or Gox?

Gox led 100%.

Look at your right, there is no ask filling in, it will slice back again in the 225 in a few hours. This is just an attempt to cause panic and buy back lower.

Sounds like nonsense. There has been no depth on either end for awhile. People panic.

Not everything is some manipulator.

[vps15]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

one person could be trying to ignite fear and cause more sell offs, only to buy back when the price is even lower...

[Sitarow]

Another dip below $200 incoming, or no?

It seems like flashcrashes just cant work without good 'ol goxlag.

5 mins later

[Walsoraj]

Did Btc-China "crash" first or Gox?

same time because same person manipulating both

*edit*

But, china did start just a bit earlier. Source: http://bitcoinwisdom.com/markets/btcchina/btccny (show 1min candles)

[windjc]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

one person could be trying to ignite fear and cause more sell offs, only to buy back when the price is even lower...

They could. But it would be a high risk, low reward move. It doesnt make sense at all.

[molecular]

this was led by the free market of china again. Not a single sell at all. It's called a correction.

[molecular]

Did Btc-China "crash" first or Gox?

china had first sign around 7:00 (my time) and was clearly breaking down around 7:10

gox reacted no earlier than 7:11

[derpinheimer]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

one person could be trying to ignite fear and cause more sell offs, only to buy back when the price is even lower...

That doesnt work in bitcoin. Look at the past 3 flashcrashes.

A few gain, most people just sit around break even or losses.

Look how quick bids fill in all of these times.

No one could be dumb enough to continuously try it. Its just "ALL NATURAL BOT-FREE, ORGANIC" panic.

[windjc]

Did Btc-China "crash" first or Gox?

same time because same person manipulating both

No, I think that person (yeah, you know the one I'm talking about - - hush hush) was too busy attending his Wednesday blood sacrifice service in that cabin in Aspen with the illuminati.

Must have been the other guy...

[gizmoh]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

This has always been the case, a few mid-sized big whales dumping and trying to cause panic to buy back lower. It was very successful with goxlag and ddos before. But with slim ask side,its having less effect. Although here,due to big run up,it did cause big distortion in price. Like i said it will be back up in no time as there is no ask filling in.

[Walsoraj]

First of all, that wasn't 1 person and if it was they are idiots.

You dont dump 10-15k BTC at market all at once. You could spend a couple of hours at least doing smaller trades and save yourself $10,000s.

So unless someone wants to burn money they dont dump like that at market. Of course, I think there are probably some pretty stupid BTC owners.

one person could be trying to ignite fear and cause more sell offs, only to buy back when the price is even lower...

That doesnt work in bitcoin. Look at the past 3 flashcrashes.

A few gain, most people just sit around break even or losses.

Look how quick bids fill in all of these times.

No one could be dumb enough to continuously try it. Its just "ALL NATURAL BOT-FREE, ORGANIC" panic.

I've got some organic panic in my pants  

[adamstgBit]

Did Btc-China "crash" first or Gox?

Gox led 100%.

Look at your right, there is no ask filling in, it will slice back again in the 225 in a few hours. This is just an attempt to cause panic and buy back lower.

Sounds like nonsense. There has been no depth on either end for awhile. People panic.

Not everything is some manipulator.

crashing is the best way to really see how good support is, i see strong support. good chance we rally higher tomorrow.

i'm going to lol very hard if my bid is filled when i wake up tomorrow

[Walsoraj]

crashing is the best way to really see how good support is, i see strong support. good chance we rally higher tomorrow.

i'm going to lol very hard if my bid is filled when i wake up tomorrow

trying to sleep tonight is inadvisable.

[rabsie]

my bitfinex long was so close to being closed there scary...