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

[derpinheimer]

i wish a knew Chinese to read their chat when they saw that btc-e dump  

Forums? Where? I tried to check what people were saying period but LTC talk is dead

[magicmexican]

i wish a knew Chinese to read their chat when they saw that btc-e dump  

Forums? Where? I tried to check what people were saying period but LTC talk is dead

They have their own trollbox @btc-e

[windjc]

This market is going to retest the 200SMA at around $612 and then we are going to test $685 and beyond.

[derpinheimer]

i wish a knew Chinese to read their chat when they saw that btc-e dump  

Forums? Where? I tried to check what people were saying period but LTC talk is dead

They have their own trollbox @btc-e

Did anyone notice that LTC/BTC skyrocketed while LTC/USD tanked (and by a much larger factor?)

wtfff

[samsonn25]

i wish a knew Chinese to read their chat when they saw that btc-e dump  

Forums? Where? I tried to check what people were saying period but LTC talk is dead

LTC used to follow BTC like 1:30-35, now the ratio is like 1:75-80

[ChrisML]

Put in a long on BTC.

Im of to bed. Will see what it's like in the morning.  

[Dotto]

Veronica dumping her LTCs 

[magicmexican]

i dont even know who that is

[seleme]

Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.

[RoadTrain]

Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call.

I think it was a dump that triggered massive stop-losses and margin calls.

[derpinheimer]

Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.

Help me understand the difference. No matter what, some people were getting LTC for $2.1212, $3, $5..

And, if someone.. "margin call".. did they.. I dont. What? Why would anything trigger this?

[wachtwoord]

Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.

Help me understand the difference. No matter what, some people were getting LTC for $2.1212, $3, $5..

And, if someone.. "margin call".. did they.. I dont. What? Why would anything trigger this?

If you buy things with loaned money and the price drops sufficiently the loaner will sell it of for you (at your expense) as to not run any risk itself (because the price of the collateral dropped too much).

[yefi]

Wow. Well, that was fun. And now all these people bidding it up to 8+ like it's going to the moon.

[derpinheimer]

Are we sure it was a dump? I doubt anyone would dump it down to 2$, he could slowly sell it for much more. It was probably margin call, just like that guy who lost 2 millions being margin called to 0.01$ on Finex few months ago when it was 15$. I remember catching few hundreds back then for 7$ and selling for 10$ minutes later.

Help me understand the difference. No matter what, some people were getting LTC for $2.1212, $3, $5..

And, if someone.. "margin call".. did they.. I dont. What? Why would anything trigger this?

If you buy things with loaned money and the price drops sufficiently the loaner will sell it of for you (at your expense) as to not run any risk itself (because the price of the collateral dropped too much).

So basically someone got fcked over by their loaner? Why wouldnt the loaner try to get top dollar rather than market price dumping?

[zakalwe]

i wish a knew Chinese to read their chat when they saw that btc-e dump  

Forums? Where? I tried to check what people were saying period but LTC talk is dead

They have their own trollbox @btc-e

Did anyone notice that LTC/BTC skyrocketed while LTC/USD tanked (and by a much larger factor?)

wtfff

Yes it' amazing my sell order at 0.0145 totally filled! Why LTC/usd was going to 2!

Something is definitely going on.

I bet we'll see something soon. I guess in up direction. Warning: it's JUST a feeling! Do not take it as an invitation to buy please. This crypto world is already full of trolls and I don't want to be compared to them.
Thank you.

[magicmexican]

I bet we'll see something soon. I guess in up direction.

I dont think so, pretty sure it will remain in our memories like that 102$ btc accident just for the "WTF" factor. I would not read too much into it.

[JorgeStolfi]

It means only that one buyer with deep pockets was less greedy than all the others.  They may all have bid at 475$, and he bid 480$ 

What makes you think that $475 was the second highest bid?

First, I don't think that the winning bid was at 480$.  (How many warning "" should I use when I am really trolling?)  My real guess is that most bids were in the 550$ -- 600$ range, but I would not dare guess what the winning bid was, except that it must have been at least 600$.

AFAIK, the only bid that has been revealed with some credibility was one by a certain Mr. Waters of CoinApex, for 403$. (I misremembered and rounded that up to 475$ in the trollpost) Have there been other disclosures after that?

[wachtwoord]

i wish a knew Chinese to read their chat when they saw that btc-e dump  

Forums? Where? I tried to check what people were saying period but LTC talk is dead

They have their own trollbox @btc-e

Did anyone notice that LTC/BTC skyrocketed while LTC/USD tanked (and by a much larger factor?)

wtfff

Yes it' amazing my sell order at 0.0145 totally filled! Why LTC/usd was going to 2!

Something is definitely going on.

I bet we'll see something soon. I guess in up direction. Warning: it's JUST a feeling! Do not take it as an invitation to buy please. This crypto world is already full of trolls and I don't want to be compared to them.
Thank you.

So you sold at 0.0145. Did you manage to buy back way cheaper by going through USD?

[samsonn25]

Its .0127 now on btce

[magicmexican]

If you are a high roller, you should seriously consider moving some fiat to btc-e just to leave some ridic lowball orders out there, it might be a huge +ev move in the long run.