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

[tarmi]

wow, everybody buying, and price still tanking!

[UnDerDoG81]

<- hitting buy btn constantly

Was hoping for sum sub 500 coins on stamp but actually this must be the bottom I think. Cant see that we will go under 500...

[TERA]

Your regularly scheduled logarithmic gox-crash is continued after a brief interruption with anti-FUD pump&dump.

[kurious]

<- hitting buy btn constantly

serious? @ MtGox?

I don't think so.

[Davyd05]

Whoa Gox. Almost 3k coins in the last 5 minutes.  

you haven't see the two bit idiot post have you?

The 750k coin thing? Anything to it?

it reakes of FUD, claims to have an internal gox document where he quotes things like setting bitcoin back 5-10 years and being bankrupt at any moment lol

[creekbore]

I think its fairly probable we are going to be testing 500 at some point in the next 12-24 hours.

[SheHadMANHands]

https://blockchain.info/charts/hash-rate

https://blockchain.info/charts/my-wallet-n-users

https://blockchain.info/charts/n-transactions-excluding-popular

[adamstgBit]

when price falls lower...

order more cash!  

[HairyMaclairy]

Bit annoyed with BFX. I had a limit order at 529 that went unfilled on the spike down to 514 on Bitstamp.

The BFX service discussion thread says that this is because market orders on BSP are not made available to the BFX order book. Only market orders on BFX are made available to BSP.  

I'm not convinced this is the reason (although I have to admit it has been a long time since I have seen one of my limit orders execute on BSP). It might be another step to "protect the lenders" on BFX along with dropping max leverage to 1:2.5

There was no Bitstamp liquidity at this time. Traders going long took all USD reserves attempting to take down that 10k wall. Then access to Bitstamp was cut off.

What pisses me off is that Bitfinex cuts off access to BTC reserves at that time. Instead of allowing traders to help them re-balance their reserves, they cut off Bitstamp entirely and leave us with a paper thin order book.

That makes much more sense.  Going to have to think through the various permutations.

And I got filled at 529 so not complaining.

[Arcas]

This looks like the bottom.

edit: Holy crap stamp broke 520 nvm

[theonewhowaskazu]

My $520 order on stamp randomly wasn't filled on the first spike down () but now just was.

[SheHadMANHands]

lmao dat wall

[kurious]

Gox coins are under $150 even on Bitcoinbuilder.

Gotta be worth a few hundred bucks just in case... Jeez - Bitcoin days.  Am risking a bit - can't resist.

[billyjoeallen]

anybody have the number of a reputable loan shark?

... you might have a gambling problem

Well, there goes the light bill money. What? I can use candles...

[tarmi]

This looks like the bottom.

CONFIRMED

[Walsoraj]

This looks like the bottom.

CONFIRMED

UNCONFIRMED

[Arcas]

This looks like the bottom.

CONFIRMED

I WAS WRONG OK.

[Davyd05]

lol where is the fear coming from IT is strong now.

[SheHadMANHands]

Calling the bottom: $480

Shits gonna get a little nutty..  

[Arcas]

I may have been wrong, but I didn't catch the knife. That was just a guess, I'm HODL!!ing this dip.