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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26382787 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.)
magicmexican
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June 12, 2014, 10:49:10 PM

Typical bulltrap unfortunately :/ Best case scenario now is sideways to stop this mess
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MICRO
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June 12, 2014, 10:49:14 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.



Say that again : http://www.usmarshals.gov/assets/2014/bitcoins/
faalhaas
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June 12, 2014, 10:49:33 PM

It will not end here. Beware of another bear trap.

They are creating a 'bull trap' into a bear trap.
Such manipulation
many wow
jelly
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June 12, 2014, 10:50:40 PM

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

Partly.

I got this low: 550.65 Grin
Already SODL
Wolf Rainer
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June 12, 2014, 10:51:28 PM

Here we go down again! FASTEN YOUR SEAT-BELTS!
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June 12, 2014, 10:51:42 PM

My 620 order went through Smiley

Has anyone else bought?
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June 12, 2014, 10:52:08 PM

Bears obviously forgot we are in a bullmarket now

Permabulls like myself controls the field now, make yourself a favour and just hold!
MICRO
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June 12, 2014, 10:53:10 PM

My 620 order went through Smiley

Has anyone else bought?

Put one now for 520$ it will happen again . And then PUMP TO THE MOON!
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June 12, 2014, 10:53:31 PM

The exchanges are fine.  It's this thread that has decoupled from them.  Cool
akujin
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June 12, 2014, 10:54:25 PM

Go down finex! Why u sleepin at 596! Dammit  Grin
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June 12, 2014, 10:55:22 PM

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

Partly.

I got this low: 550.65 Grin
Already SODL

Cool, thx. Hope that manipulator has to buy back at a loss Tongue

My 620 order went through Smiley

Has anyone else bought?

I dont understand, you had a buy at $620? I guess I dont follow why you are excited about that, but good luck to you.
hd060053
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June 12, 2014, 10:56:40 PM

its not over yet. dump bot on stamp is still selling.

but there are strong buyers too.
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June 12, 2014, 10:57:27 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.

what do you think of the possibility that this was just some large holders liquidating to get their funds in order to place bids on the auction?
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June 12, 2014, 10:57:44 PM

Is that a handle forming on 3 day chart?
toxic0n
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June 12, 2014, 10:58:22 PM

Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered  Cheesy
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June 12, 2014, 10:59:49 PM

Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered  Cheesy

If panic, panic first.
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June 12, 2014, 11:00:39 PM

Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered  Cheesy

If panic, panic first.

Panic hodling since 2013
bitcoinsrus
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June 12, 2014, 11:00:55 PM

Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered  Cheesy

If panic, panic first.

If you panicked at 680 last week, could have made like 100/BTC (now)
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June 12, 2014, 11:00:59 PM


Explanation
kryptopojken
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June 12, 2014, 11:01:14 PM

China gives zero shits
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