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

[BitChick]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

[hd060053]

there is no reason for a panic mode/drop, pick up the cheap coins

[cee-euros]

btc-e wall getting gobbled

[biafore]

864 is the lowest it has gotten sense January 1st. Its now at 890 on Gox china is just waking up. A crash is indeed near, weather it goes up or not I cannot say. Less than 30 dollar spread from as I type this to Jan 1st Has been controlled by manipulators sense!

[hdbuck]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Well can you please stop thinking about china's new year? Its over. Markets have moved on to the next "threat": GOX.

[dgarcia]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Yeah, for sure.

You throw away 2000 BTC and then you can buy them back cheaper easily , cause' nobody else will buy and there are no fees  

[biafore]

Oh yeah and Chinesse holiday is nearly over, most are already back to business

[BitChick]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Well can you please stop thinking about china's new year? Its over. Markets have moved on to the next "threat": GOX.

Hey.  The banks have been closed.  Funds are not getting into BTCChina yet, as far as I can observe. I was just asking an innocent question here.

[TERA]

Oh god and then yet another sharp recovery to 820 to piss off bears again for another week. 800 4 lyfe yo.

[BitChick]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Yeah, for sure.

You throw away 2000 BTC and then you can buy them back cheaper easily , cause' nobody else will buy and there are no fees  

Last year it was common to see a whale dump a huge amount of coin which would then cause massive panic and everyone would start selling and the price would tumble further.  Then the whales would buy back the amount they dumped, plus more for less then the price they dumped at, fees included.  It does not seem to work as well as it did then, thankfully.

[OldGeek]

Looks like Stamp led this latest dip:  at 1716 local time
Stamp vol = 625
BTC-e vol = 26
HooBoy vol = 1.5

Down pressure.

[dgarcia]

Oh god and then yet another sharp recovery to 820 to piss off bears again for another week. 800 4 lyfe yo.

For sure.

This would be really ultra bullish, not?

[600watt]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Well can you please stop thinking about china's new year? Its over. Markets have moved on to the next "threat": GOX.

so the double collapse of gox AND the chinese market on monday tomorrow will mark the end of it?

[dgarcia]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Yeah, for sure.

You throw away 2000 BTC and then you can buy them back cheaper easily , cause' nobody else will buy and there are no fees  

Last year it was common to see a whale dump a huge amount of coin which would then cause massive panic and everyone would start selling and the price would tumble further.  Then the whales would buy back the amount they dumped, plus more for less then the price they dumped at, fees included.  It does not seem to work as well as it did then, thankfully.

That's true.

This could still work. But it's a lot harder, more unpredictable and more expensive now.

[Protagonus]

Too Soon? 

http://www.youtube.com/watch?v=A7TuFy0fcuw

[ChartBuddy]

Explanation

[hdbuck]

Could the sell off be a manipulative dump in order to obtain more cheap coins before China takes off after their New Years Holiday bank closures end?  Just thinking here.

Well can you please stop thinking about china's new year? Its over. Markets have moved on to the next "threat": GOX.

Hey.  The banks have been closed.  Funds are not getting into BTCChina yet, as far as I can observe. I was just asking an innocent question here.

Fair enough,

but still i think that even if more funds would get into BTCchina, there is still too much uncertainty regarding Gox that nobody would dare to make a move before it settles up. Afterall, we are talking about one of the first & historical BTC exchange platform, if it bails out at some point, it would be dramatic for the good image that the bitcoin world had fight for until now. thus, expect new lowws  
btw didnt mean to be rude

[empowering]

[Walsoraj]

http://arstechnica.com/tech-policy/2014/02/new-lawsuit-against-bitcoin-miner-manufacturer-alleges-fraud-negligence/

Maybe BFL is dumping to pay legal fees?  

[billyjoeallen]

thanks for helping me refill my pockets, Boys!