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

[koryu]

what do you think about gox price 835$ compared to bitstamp price 760$.

the last days we had a difference of 110-150$ actually its just 75$. so what you expect to happen? gox up or stamp goes down faster than gox next hours?

[windjc]

WTF is going on?

Panic sheep going omg sell! Just be happy. This just had to happen.

It would seem that the "panic sheep" haven't been selling.  Here's how I remember today:

- BitcoinTalk went down (DDoS?)
- Huge dump on BitStamp (1000+ BTC)
- Huge volume on Gox dropping the Gox premium dramatically.  Little correlation seen at the other exchanges.
- Apple pulls Blockchain.info app from AppStore
- Bitfinex goes buggy (hack?)
- Another huge dump of BitStamp (2000 BTC)

I'm surprised how well we're holding up.

When you've been through this a couple of times, you learn to recognize the buying opportunities.

Throwing the Apple stuff out for a moment and setting the Gox stuff aside, the other things look like a coordinated attack. I mean, the 2nd dump on Bitstamp could have been someone scared shitless on Bitfinex, but the first dump that happened with the DDOS and then, if it turns out Bitfinex was toyed with, then, yes, this would seem like a coordinated attack.

Interesting that people are screaming market manipulation, but these same people don't mention the fact that over and over and over again BTCtalk gets ddosed at the same time dumps happen.

why would they do that? to create FUD?

Theoretically. That and to stop communications. Its a war like technique. I am not saying that it couldn't be coincidence, but after you see it a half a dozen times, it feels like way more than that.

[ShroomsKit]

WTF is going on?

Panic sheep going omg sell! Just be happy. This just had to happen.

It would seem that the "panic sheep" haven't been selling.  Here's how I remember today:

- BitcoinTalk went down (DDoS?)
- Huge dump on BitStamp (1000+ BTC)
- Huge volume on Gox dropping the Gox premium dramatically.  Little correlation seen at the other exchanges.
- Apple pulls Blockchain.info app from AppStore
- Bitfinex goes buggy (hack?)
- Another huge dump of BitStamp (2000 BTC)

I'm surprised how well we're holding up.

I see what you're saying. I just hope that whoever has been holding the price down and whoever wants to get rid of his coins finally did so. We knew this crash was coming so i hope we finally got rid of certain people.

[Peter R]

[burple]

I think I'm learning I panic bought at 760 to average down rather than panic sodl.

[billyjoeallen]

I think I'm learning I panic bought at 760 to average down rather than panic sodl.

That's how you do it! It was only $760 for a second at Coinbase and I pulled the trigger, but the price changed back up before I could confirm, so I canceled. Good call (so far). Just keep buying all the way down and sell incrementally on the way back up. Soaking up volatility can be profitable!

[TERA]

Luckily I was full fiat already (except my permanent cold storage allocation) so no need to panic hodl. But I did make some perfect "panic buys" (actually standing orders) on bfx and then bfx rolled them back. I can't even buy now on bfx if I want, and half of my money is over there. This is really turning me off to bitcoin trading. If I stalk the price for weeks and then cant even pounce when i finally get my opportunity... wtf. And if exchanges are having issues, bad liqudiity, and screwing people over, well, its starting to seem like more risk than reward. I'm pissed and worried now. I should just hodl some btc as a long term investment, and then go trade on the stock market where the only risk is making a bad trade and its my own fault. This is unless we can get some really good btc exchange in the US launched with good infrastructure, good security, and some protection of funds by US regulations, like a stock market.

Or maybe they can get btc or shares of a bitcoin fund listed on nasdaq somehow.

[billyjoeallen]

Luckily I was full fiat already (except my permanent cold storage allocation) so no need to panic hodl. But I did make some perfect "panic buys" (actually standing orders) on bfx and then bfx rolled them back. I can't even buy now on bfx if I want, and half of my money is over there. This is really turning me off to bitcoin trading. If I stalk the price for weeks and then cant even pounce when i finally get my opportunity... wtf. And if exchanges are having issues, bad liqudiity, and screwing people over, well, its starting to seem like more risk than reward. I'm pissed and worried now. I should just hodl some btc as a long term investment, and then go trade on the stock market where the only risk is making a bad trade and its my own fault. This is unless we can get some really good btc exchange in the US launched with good infrastructure, good security, and some protection of funds by US regulations, like a stock market.

I agree we need a good exchange in the U.S. or at least some quantum improvements in coinbase and campBX, but the stock market is going to be hurting for a while, until Janet Yellen cranks the printing press back up. You could try QQQ ultrashorts, but I would make sure you could get your money back in to BTC fast if we take another rocket ride. Good luck!

[burple]

I think I'm learning I panic bought at 760 to average down rather than panic sodl.

That's how you do it! It was only $760 for a second at Coinbase and I pulled the trigger, but the price changed back up before I could confirm, so I canceled. Good call (so far). Just keep buying all the way down and sell incrementally on the way back up. Soaking up volatility can be profitable!

Yeah it's still rough that coin base takes a week and 1% per trade but they aren't an exchange so I've been transferring to stamp.

[magicmexican]

Whats up with the Gox price drop? I thought you cant cash out from there

[TERA]

Gox is probably going to go flying up to 930 at some point - it's really thin now.

[medialab101]

Gox is probably going to go flying up to 930 at some point - it's really thin now.

2,000 + coins to get to 930. I think we'll wallow down here for awhile.

[Davyd05]

yes 800 after midnight.. I don`t have to whore myself out.. phew

3 coins short of that 1000 on that last buy. damm

[podyx]

where is my $500 coins

[magicmexican]

bullstamp?

[bizz]

My bets are there's plenty of cash on stamp now waiting for a dip. That's why you wont see stamp selling faster than gox anymore...

[Davyd05]

Gox is probably going to go flying up to 930 at some point - it's really thin now.

yeah like right after I read this the thin buying started flying up lol

[TERA]

lsdstamp was oversold due to bitfinex disconnection.

[magicmexican]

Can someone explain in short how bitfinex works, i mean leverage. What happens if you panic short with leverage before the rally, and dont have enough to cover the losses, what will happen then?

[Kramerc]

Interesting attempt. But once more we can notice that honey badger don't go down unless it's a China induced dump. And China don't care about a StampWho? dump. Business as usual.