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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26382591 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
megashira1
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June 12, 2014, 10:40:50 PM

all just a bunch of fud for whales to abuse
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elasticband
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Nighty Night Don't Let The Trolls Bite Nom Nom Nom


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June 12, 2014, 10:41:25 PM

just looks like someone is pissed off now and taking it out on the price
nrd525
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June 12, 2014, 10:41:38 PM

Hmm, what are the odds that Coinbase cancels my bitcoin orders?  I may have made a mistake trying to arbitrage them with Bitfinex. (I sold several coins on Bitfinex, and bought them on Coinbase for delivery in 4 days).
hd060053
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June 12, 2014, 10:41:42 PM

this is so sick, i cant believe it.

shizuska
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June 12, 2014, 10:41:49 PM

Sane people making money of off fishes, nothing more.
KFR
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Per ardua ad luna


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June 12, 2014, 10:42:22 PM

Barney
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RevolverCoin dev


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June 12, 2014, 10:42:36 PM

who sold at 550? Smiley
MICRO
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June 12, 2014, 10:43:19 PM

http://www.usmarshals.gov/assets/2014/bitcoins/

U SAY WHAT Huh
MoreFun
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June 12, 2014, 10:43:42 PM

Can't wait for $50+ bounce.  Grin

Told YAA  Grin Grin
seleme
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June 12, 2014, 10:43:45 PM

Like in good old times, lol
BTCfan1
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June 12, 2014, 10:44:00 PM

who sold at 550? Smiley

i admit i was thinking about selling some
keithers
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June 12, 2014, 10:44:26 PM

mounting a nice little comeback from the $550 price on Stamp Smiley
bitcoinsrus
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June 12, 2014, 10:45:47 PM

who sold at 550? Smiley

i admit i was thinking about selling some

Imagine the people who did  Undecided
dreamspark
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June 12, 2014, 10:46:03 PM

Down Finex why wont you go as low as Stamp  Grin
Chalkbot
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June 12, 2014, 10:47:07 PM

What are the bad news that makes the price falls?

Where do u live ?

FBI selling SR seized coins Cheesy .

That´s not true. Legally they can´t sell them on an exchange, only in an auction... And why it´s bitstamp 550 and huobi 600? That makes no sense.

The market sells in anticipation of auction buyers liquidating coins on exchanges for arbitrage. Keep in mind that market prices are the prices of "tomorrow", not today.

The thing is, bidding hasn't begun yet, and bids will likely be weighed against market price at the time of bidding (assuming arbitrage was the goal). Bidders must factor in risk of what other bidders are going to do with the coins, or market movements in the days it takes between bidding and taking possession.

In my opinion, the market has already overreacted to this news, meaning I think the price is lower right now than it will be in 3 weeks or so. 30k coins might seem scary for someone who's staring at a chart on one exchange and imagining them all coming down at once, but that's nowhere near the reality. I'd be surprised if half of them come down at once, and even more surprised if that were all on a single exchange, let alone any exchange at all. Half of them represents about 4 days worth of new bitcoins from mining alone.

If you haven't sold into the panic yet, you're probably too late to capitalize. Maybe you'll get another shot as distribution day approaches, maybe not. If you DID panic sell, start looking to get back in, because it's probably not going to get much better. Take your profits, pat yourself on the back.
chairforce1
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June 12, 2014, 10:47:24 PM

Am I the only one who yells "Fuck Yea!" when they check their phone and see the price crashing? I WANT CHEAP COINS COMON.
TsuyokuNaritai
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June 12, 2014, 10:47:29 PM

Really? One in seven readers of this thread thought that last correction would take us to <$25?

dreamspark
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June 12, 2014, 10:48:23 PM

What an over reaction though, its not that many coins and how many of the blocks are really gonna be insta sold.
mooncake
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June 12, 2014, 10:48:29 PM

It will not end here. Beware of another bear trap.
derpinheimer
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June 12, 2014, 10:48:35 PM

Did anyone see -- was the moving wall (~1300BTC) eaten or removed? I sure hope it got eaten XD
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