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

[magicmexican]

stamp

[bassclef]

Listening to Beethoven 7, seems fitting.

Support @ 530.

[MatTheCat]

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

But knowhere near the same liquidity. Had the 10K whale picked on bitfinex he would have sent the market to double digits....which will be why he never chose Bitfinex.

[MoreFun]

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

You are correct, that was plan from the begining. But you must know that bitfinex helped bitstamp to grow pretty much and get serious money on order book.

[fonzie]

[Activate gamble/kamikaze mode] shorts closed, goin long , closin between 568-608[/Activate gamble/kamikaze mode]

Wish me good luck

[UnDerDoG81]

Any reason for this low stamp price? The 10k dump? Or why?

[Richy_T]

[edit] and if you think that the official bitcoin protocol is lacking in quality then go do something about it and start coding!

I think there's quite a lot of people that don't realize that "shortcomings" in the Bitcoin protocol are often elegant (or not-so-elegant) solutions to issues that Bitcoin was created to solve.

The cottage was in turmoil, because not only did the wizards want to
follow the escapees, they also wanted to prevent each other from doing
so, and this led to several regrettable incidents. The most
spectacular, and certainly the most tragic, happened when one Seer
attempted to use his seven league boots without the proper sequence of
spells and preparations. Seven league boots, as has already been
intimated, are a tricky form of magic at best, and he remembered too
late that the utmost caution must be taken in using a means of
transport which, when all is said and done, relies for its
effectiveness on trying to put one foot twenty-one miles in front of
the other.

[jojo69]

we're back

[MatTheCat]

[Activate gamble/kamikaze mode] shorts closed, goin long , closin between 568-608[/Activate gamble/kamikaze mode]

Wish me good luck

Oooh.

U may want to reconsider that Fonzie.

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

[fonzie]

[Activate gamble/kamikaze mode] shorts closed, goin long , closin between 568-608[/Activate gamble/kamikaze mode]

Wish me good luck

Oooh.

U may want to reconsider that Fonzie.

We have just had a break down from pennant formation on short term chart........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I know it´s batshit crazy, and i won´t leave the screen for a single minute. I had open shorts avg. sell price 630. Closed @ 550.
But i think we might see another short suckers rally. I´m the first one that get´s out and dumps double, if it should break down now

Edit: I promise that all profits will be used for even more shortin , or sellin @Bitstamp.

[deadfi$h]

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

According to bitcoinwisdom charts, BFX has more than half as much volume as BTSP.

BFX yesterday ~16,000
BSTP yesterday ~ 21,000

But knowhere near the same liquidity. Had the 10K whale picked on bitfinex he would have sent the market to double digits....which will be why he never chose Bitfinex.

True. I'm a fan of Bitfinex and make most of my trades there. I do get uncomfortable holding margin for any significant period of time there though because of the thin order book.

That drop to $100 on 2/10 would have cleaned me out if I was long with any significant margin.  

[KFR]

[edit] and if you think that the official bitcoin protocol is lacking in quality then go do something about it and start coding!

I think there's quite a lot of people that don't realize that "shortcomings" in the Bitcoin protocol are often elegant (or not-so-elegant) solutions to issues that Bitcoin was created to solve.

The cottage was in turmoil, because not only did the wizards want to
follow the escapees, they also wanted to prevent each other from doing
so, and this led to several regrettable incidents. The most
spectacular, and certainly the most tragic, happened when one Seer
attempted to use his seven league boots without the proper sequence of
spells and preparations. Seven league boots, as has already been
intimated, are a tricky form of magic at best, and he remembered too
late that the utmost caution must be taken in using a means of
transport which, when all is said and done, relies for its
effectiveness on trying to put one foot twenty-one miles in front of
the other.

+100

[MatTheCat]

True. I'm a fan of Bitfinex and make most of my trades there. I do get uncomfortable holding margin for any significant period of time there though because of the thin order book.

That drop to $100 on 2/10 would have cleaned me out if I was long with any significant margin.  

I stopped feeling I could trust Bitfinex just shortly before the 10K USD and then the 100 USD fiasco.

But now I am back, I would never dare place a stop loss......just asking to have your arse farmed like a combine harvester doing this on that shark exchange.

[deadfi$h]

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I jumped back in at $560 but pulled out just a minute ago in the low $530s.

I'll believe a break of $530 when I see it, then probably ride down towards $500 - $510 and load up. I don't think we'll see mid-400s unless we get full confirmation of GOX implosion and even then...

[MatTheCat]

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I jumped back in at $560 but pulled out just a minute ago in the low $530s.

I'll believe a break of $530 when I see it, then probably ride down towards $500 - $510 and load up. I don't think we'll see mid-400s unless we get full confirmation of GOX implosion and even then...

Yeah..I just came out again....looks the Bitcoin brigade are coming to the rescue once again (I honestly believe that Bitcoiners move to 'protect' their fav asset). If we can get up to $570 region though, I would short that in a minute.

Don't have enough confidence in potential break up to go long though........even if it transpires, be a max of $30 in it......not very good is it.

[id10tothe9]

anybody having bitcoinwisdom blocked by their internet provider in Germany? it's been blocked for me many days now by O2!

[ElectricMucus]

Reuters: Alabama securities regulator to issue bitcoin warning

The vast majority of the complaints were about Mt. Gox, a Tokyo-based bitcoin exchange that suspended withdrawals indefinitely on Feb. 7 after it detected "unusual activity." The company is having both "security and technical challenges," according to an update on its website dated Feb. 20.

Some consumers, however, have been trying to get their money out for as long as four months, Borg said. Their initial deposits ranged from a few hundred dollars to $100,000, he said.

muahahaha

[traderCJ]

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I jumped back in at $560 but pulled out just a minute ago in the low $530s.

I'll believe a break of $530 when I see it, then probably ride down towards $500 - $510 and load up. I don't think we'll see mid-400s unless we get full confirmation of GOX implosion and even then...

Yeah..I just came out again....looks the Bitcoin brigade are coming to the rescue once again (I honestly believe that Bitcoiners move to 'protect' their fav asset). If we can get up to $570 region though, I would short that in a minute.

Don't have enough confidence in potential break up to go long though........even if it transpires, be a max of $30 in it......not very good is it.

We'll be going much lower in the next few days. /hunch

[deadfi$h]

We have just had a break down from pennant formation on short term chart (generally bearish signal)........I myself just came out a very successful short, went back in, came back out during period of uncertainty, and then went short again at $547.

I jumped back in at $560 but pulled out just a minute ago in the low $530s.

I'll believe a break of $530 when I see it, then probably ride down towards $500 - $510 and load up. I don't think we'll see mid-400s unless we get full confirmation of GOX implosion and even then...

Yeah..I just came out again....looks the Bitcoin brigade are coming to the rescue once again (I honestly believe that Bitcoiners move to 'protect' their fav asset). If we can get up to $570 region though, I would short that in a minute.

Don't have enough confidence in potential break up to go long though........even if it transpires, be a max of $30 in it......not very good is it.

We'll be going much lower in the next few days. /hunch

Fib resistance is around $560. I'm betting a jump to that area, then a retest of $530s if there's any chance of $530 breaking. Otherwise, back to the $580s or higher.

Low 5s would be more fun for cheap coin purposes  

[KeyserSoze]

Do you think the API has been cut again?

My bet is that Bitfinex wants to break off and be an exchange in its own right. I'm sure that was always the plan.

My guess as well. I also had a low bid that didn't fire when Bitstamp dipped.