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

[falllling]

[madmat]

Perfect name for this kind of FUD.

[dreamspark]

*sigh, seems we have a new resident troll whos just going to tell us continually how we're going down, then disappear again when the price starts rising...

[tarmi]

 fallling is the new fonzie.

[ChartBuddy]

Explanation

[sickpig]

Bitcoin gone mainstream , relax and enjoy the ride

i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm down

Fonzie, is that you?

Is Fonzie falllling ? :-)

the answer is no and it doesn't matter

I was just playing with words. Maybe it would have been clearer if I had used "falling" instead, nevermind.

[molecular]

Perfect name for this kind of FUD.

I'm far from being bearish, but you have to admit this is a possibility. I attribute low likelyhood to it, but in fact I probably wouldn't say no to buying a few bitcoins around $266-$300 (depending on the level of panic then and how big my hope would be for price to crash even below the $266 old ath, I might wait a little longer, though).

Ah well, the dreams of a bear.

However, also some sinister-sounding analysts warn of the possibility of bitcoin returning to a less inclined uptrend channel:

BITCOIN - Could it confound the BULLS?

I'm remaining bullheadedly in the ultra-bull-camp, though. $3-7k soon HDL!

[wachtwoord]

Bitcoin gone mainstream , relax and enjoy the ride

i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm down

Fonzie, is that you?

Is Fonzie falllling ? :-)

Fonzie is failing.

[oda.krell]

Still no real explanation for Stamps lagging behind ? With the amount of USD longs on Finex I would have thought some people would have panicked and bought them back into line...

Rather than this suggesting Stamp's insolvency/Goxxery, it suggests that Stamp has temporarily become the go-to exchange for cashing out coins. People are buying/trading elsewhere and selling/withdrawing on Stamp. Curious. That suggests somewhere else is experiencing fiat withdrawal issues. Another round of Chinese games to come?

I don't think it says anything about their solvency, insolvency would normally cause people to get their coins out asap which would have the opposite effect. The explanation that its the go to cash out place could hold but why all of a sudden ? Somethings definitely brewing, would have thought someone would be arbing the gap as its been pretty constant.

Lack of people's memory can be astounding sometimes... Bitstamp has been the "cashing out" exchange since time immemorial. It has also been "the bearish exchange" since, forever. "Bearstamp" is not a term coined recently.

You're right: it's interesting to wonder what causes the renewed selling pressure/"cashing out" event currently (maybe insider knowledge from Chinese traders? I don't expect it, but it's possible). But in either case, the price gap in the current form is not a problem at all: if you want to liquidate coins in volume and get your money out fast and reliably (and you don't mind a bit of KYC anal probing ), then Bitstamp has been the exchange to do so since more than a year now.

[BBmodBB]

Still no real explanation for Stamps lagging behind ? With the amount of USD longs on Finex I would have thought some people would have panicked and bought them back into line...

Rather than this suggesting Stamp's insolvency/Goxxery, it suggests that Stamp has temporarily become the go-to exchange for cashing out coins. People are buying/trading elsewhere and selling/withdrawing on Stamp. Curious. That suggests somewhere else is experiencing fiat withdrawal issues. Another round of Chinese games to come?

I don't think it says anything about their solvency, insolvency would normally cause people to get their coins out asap which would have the opposite effect. The explanation that its the go to cash out place could hold but why all of a sudden ? Somethings definitely brewing, would have thought someone would be arbing the gap as its been pretty constant.

Lack of people's memory can be astounding sometimes... Bitstamp has been the "cashing out" exchange since time immemorial. It has also been "the bearish exchange" since, forever. "Bearstamp" is not a term coined recently.

You're right: it's interesting to wonder what causes the renewed selling pressure/"cashing out" event currently (maybe insider knowledge from Chinese traders? I don't expect it, but it's possible). But in either case, the price gap in the current form is not a problem at all: if you want to liquidate coins in volume and get your money out fast and reliably (and you don't mind a bit of KYC anal probing ), then Bitstamp has been the exchange to do so since more than a year now.

^word on the street it's bitmain dumping their stash! ;-) HODL don't fall for this headfake! jmho

[ChartBuddy]

Explanation

[DaRude]

Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%

[wachtwoord]

Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%

Can they reconnect it please?

[deadley]

Bitcoin gone mainstream , relax and enjoy the ride

i would say, enjoy the price dropping plus money losing and maybe a full market crushing to $5xx and $4xx very soon!
thanks for the mtgox 800k + 200k lost coins and the China ban, there will be no more $1000 crazy buy, face the reality, $6xx is already the top bubble, time to calm down

Fonzie, is that you?

Is Fonzie falllling ? :-)

Fonzie is failing.

lol, another fonzie failing.

[dreamspark]

I don't think it says anything about their solvency, insolvency would normally cause people to get their coins out asap which would have the opposite effect. The explanation that its the go to cash out place could hold but why all of a sudden ? Somethings definitely brewing, would have thought someone would be arbing the gap as its been pretty constant.

Lack of people's memory can be astounding sometimes... Bitstamp has been the "cashing out" exchange since time immemorial. It has also been "the bearish exchange" since, forever. "Bearstamp" is not a term coined recently.

You're right: it's interesting to wonder what causes the renewed selling pressure/"cashing out" event currently (maybe insider knowledge from Chinese traders? I don't expect it, but it's possible). But in either case, the price gap in the current form is not a problem at all: if you want to liquidate coins in volume and get your money out fast and reliably (and you don't mind a bit of KYC anal probing ), then Bitstamp has been the exchange to do so since more than a year now.

Yeah, my point was more why all of a sudden the difference due to being the cash out place rather than why all of a sudden is it the cash out place. That then leads directly onto your second point

This suggests in the simplest explanation that for some reason over the last couple of days a largish amount of coins have been "cashed out". That is always interesting to speculate about. We all know as well that selling a large amount of coins != running off with the fiat never to return.

[dreamspark]

Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%

Can they reconnect it please?

No please don't, my coins are worth more since I moved from Stamp 

[Parazyd]

Did Bitstamp go to 620 in the past few hour? I'm having some Internet issues and can't see.

[wachtwoord]

Did Bitstamp go to 620 in the past few hour? I'm having some Internet issues and can't see.

yeah

[DaRude]

Am i the only one that sees this as simply Finex decoupling from Stamp? Spread maxed at like $20 or like what 3%

Can they reconnect it please?

No please don't, my coins are worth more since I moved from Stamp 

Spread between gox and btc-e was at like 10% back in the "normal" days. I'm speculating that Finex owners will keep spread at 3% max for now, then once panic calms down bump it to 5% at which point it should be profitable enough for arbers to take over. They only wrote that exact thing on their reddit   i know shocking!!!  

[Parazyd]

Did Bitstamp go to 620 in the past few hour? I'm having some Internet issues and can't see.

yeah

Seriously? W00t. Then my order passed. Hello 20 BTC
If you were kidding, then I have no comment. Pure evil