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

[MoreFun]

Stamp > $600 asks are getting slowly removed.

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[bassclef]

Bears, this is the buying opportunity, right now. Smart investors buy when the market is fearful, not the other way around.

Put on your big boy pants, place your buy orders, grab your iron mallet and do some troll hunting.

[Dragonkiller]

I'd just like to point out that this happens at least a few times a year:

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10490169/RBS-and-NatWest-in-Cyber-Monday-payment-cards-meltdown.html

at least with bitcoin, you can still make transactions

[pietje]

stamp doesnt care about btc-e anymore.
And at btc-e all the trollboxers are panicking.

[fonzie]

In the meanwhile. HOLY SHIT DOGE IS KING NEW ATH!


http://bitcoinwisdom.com/markets/cryptsy/dogebtc

[sonofliberty]

Bears, this is the buying opportunity, right now. Smart investors buy when the market is fearful, not the other way around.

Put on your big boy pants, place your buy orders, grab your iron mallet and do some troll hunting.

Nice try 

 

[Kramerc]

When Huobi is going down, you know shit just hit the fan.

Meanwhile, in a parallel universe, Stamp is going up.

[adam9317]

The recent Bitcoin problems could be good for other altcoins as it may give them to opportunity to shine as they don't (currently) have any withdrawal problems!

These are my thoughts anyway!

[Holliday]

The recent Bitcoin problems could be good for other altcoins as it may give them to opportunity to shine as they don't (currently) have any withdrawal problems!

These are my thoughts anyway!

Which altcoins are unaffected by transaction malleability?

[N12]

Even gold is malleable. It's a feature.

[JorgeStolfi]

Two bits:

* Many of Huobi's customers are still trading even though it is 4:00 am there.  Usually they are all asleep at this time.

* Arbitrage seems to be working again.  For example Bitstamp and Huobi are again moving together, at the apparent rate 6.50 CNY = 1 USD.  (The official exchange rate is 6.09 or so.)

* Whatever bitcoin gurus may say, the crash cannot have had a positive effect on the average investor.  Since yesterday there must have been more people cashing out and leaving the open market than entering it, all over the world.  If that is true, today there must be less money in the exchanges, but still the same number of bitcoins.  Lower prices is almost a mathematical conclusion.

[delphic]

The recent Bitcoin problems could be good for other altcoins as it may give them to opportunity to shine as they don't (currently) have any withdrawal problems!

These are my thoughts anyway!

*facepalm*

They are not having transactions because they are so small they haven't drawn the attention of DDOS attackers.

Do you really think the smaller altcoins have greater resources/ expertise behind them than bitcoin?

And remember, the 'transaction malleability' problem is in an exchange, not bitcoin itself. Bitcoin can avoid the problem if properly implemented in wallets.

[MoreFun]

Two bits:

* Many of Huobi's customers are still trading even though it is 4:00 am there.  Usually they are all asleep at this time.

* Arbitrage seems to be working again.  For example Bitstamp and Huobi are again moving together, at the apparent rate 6.50 CNY = 1 USD.  (The official exchange rate is 6.09 or so.)

* Whatever bitcoin gurus may say, the crash cannot have had a positive effect on the average investor.  Since yesterday there must have been more people cashing out and leaving the open market than entering it, all over the world.  If that is true, today there must be less money in the exchanges, but still the same number of bitcoins.  Lower prices is almost a mathematical conclusion.

Or wishfull thinking. 

[kkaspar]

errr ?  : ) I am tempted to answer a random question here...  but anyway..

ok what ever you say : )   not sure why you directed that at me, nothing to do with my post, and you are preaching to the converted....I am not afraid in the slightest.....I have stated my opinion regularly on this thread.. I come on here mainly for fun, and for some newses.. but I am a long term hodler and dip buyer...  I am not confused... and I have teflon skin when it comes to FUD, and I am not a very jumpy person.

my general attitude remains

Your post deserved an explanation that there is no great conspiracy, there are just illusions that are breaking.
Good luck to you.

[empowering]

errr ?  : ) I am tempted to answer a random question here...  but anyway..

ok what ever you say : )   not sure why you directed that at me, nothing to do with my post, and you are preaching to the converted....I am not afraid in the slightest.....I have stated my opinion regularly on this thread.. I come on here mainly for fun, and for some newses.. but I am a long term hodler and dip buyer...  I am not confused... and I have teflon skin when it comes to FUD, and I am not a very jumpy person.

my general attitude remains

Your post deserved an explanation that there is no great conspiracy, there are just illusions that are breaking.
Good luck to you.

So it is "breaking illusions" that are attacking the exchanges?

[kkaspar]

errr ?  : ) I am tempted to answer a random question here...  but anyway..

ok what ever you say : )   not sure why you directed that at me, nothing to do with my post, and you are preaching to the converted....I am not afraid in the slightest.....I have stated my opinion regularly on this thread.. I come on here mainly for fun, and for some newses.. but I am a long term hodler and dip buyer...  I am not confused... and I have teflon skin when it comes to FUD, and I am not a very jumpy person.

my general attitude remains

Your post deserved an explanation that there is no great conspiracy, there are just illusions that are breaking.
Good luck to you.

So it is "breaking illusions" that are attacking the exchanges?

Reality is attacking the exchanges would be a more suitable phrase.

[hdbuck]

I wonder WHO/WHERE  the attack is coming from ?

JP Morgan
MtGox
Putin
China
Fonzie's mum
NSA
Some 14 year old in Rio
Mini Putin (you know he has got one)
A bunch of c.......

Reality is attacking the current market price with furious anger.

The price should have gone down around the end of December/start of January, as it got clear that by closing the Chinese exchanges, there will be a big drop in demand.
It should of gone down and then have a nice recovery with opening new exchanges at new locations. But because the market was stupid, it went into denial and tried to push the price up with force of desperation. Now this force is ending and there isn't enough of it to drive the price up. But with bitcoin, if the price won't be going up, it will mostly go down to the level of previous bubble height (right now 200$) and stay there for some time until recovery.

This is the trend of bitcoin. Now the cycle will only take more time, because the market tried to break the trend by trying to keep the price up.
200$ BTC is not a disaster or nothing to be afraid of. It's normal for bitcoin. Just let it happen already and we can continue this natural form of development.
Keeping the price up in this artificial manner is the reason for all this confusion and FUD. People can sense it that the price isn't normal and therefor there will be more doubt on everything.

Spot on.

THIS +1
everybody should be very careful from now on.

[Kramerc]

Place some low orders just in case another whale goes full retard again. 

Is 100 low enough? I'm not so sure right now, considering the level of full-retard one might suddenly experience.

[threecats]

meanwhile ....

http://www.usatoday.com/story/tech/2014/02/10/paypal-ceo-credit-card-hacked/5367979/

paypal president's card gets hacked

[fonzie]

People finally realized that it is about time to invest into something real!