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

[kodtycoon]

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.

Like when btc dropped to $102 in Feb because some guy hit the sell button instead of buy.

I dont really think it is possible, cant buy that explanation, hard to believe that people could do that with money.

perhaps it was just some whale that has shit tons and that was only a small part of what he has and just wanted pocket money? lol didnt have the patients for slow selling. it would be sorta hard to feck up THAT badly.

[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.

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

No I sold some LTC because I need cash. I transform LTC in btc then. I send btc to bitstamp and sell there because a SEPA withdrawal with them takes 2-3 days. I am holding with the rest.

[magicmexican]

If the order books are shallow, could you potentially make a huge market dump to your own buy order, to create a panic and pick up some "real" sells in the process?

[samsonn25]

and possible the low liquidity.  If someone puts a market order to sell 5000 coins and there are no buyers price drops until someone steps up to buy that quantity.

How many people on this whole board has even put a limit order to buy even 10 btc?

[ChartBuddy]

Explanation

[Miz4r]

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.

Like when btc dropped to $102 in Feb because some guy hit the sell button instead of buy.

Yes, how the hell do you not check 50 times when it's with these kind of amounts? :|

It was probably a cascading effect caused by a large margin call, nothing you can do about that except not trading on margin. Not that uncommon to see this on btc-e (also happened once on bitfinex) because of their shallow orderbooks and the margin trading there.

[JorgeStolfi]

Huobi's order book is badly messed up on bitcoinwisdom. Meanwhile OKCoin had another small dump (~600 BTC).

EDIT: actually Huobi's chart stalled at 01:04 UTC.
EDIT: Huobi's updating again (and dumping a bit too).

[kireinaha]

So today we had two major retailers announce that they're taking bitcoin and we're now lower value than we were 24 hours ago. This market is brutal.

[wachtwoord]

So today we had two major retailers announce that they're taking bitcoin and we're now lower value than we were 24 hours ago. This market is brutal.

You mean insane? I guess the market priced in 3 major retailers. Such inadequate, much disappoint.

[derpinheimer]

Dumps are getting harder..

[Whtwabbit]

Dumps are getting harder..

You need more fibre in your diet!

[aminorex]

the ebb - its so low

[ImI]

Dumps are getting harder..

You need more fibre in your diet!

i lol'ed

[shmadz]

So, playing with margin has been fun, but now all it says is "System buy limit reached"

Is this a normal thing? Or am I getting zhou-tonged?

[JorgeStolfi]

So today we had two major retailers announce that they're taking bitcoin and we're now lower value than we were 24 hours ago. This market is brutal.

As many people have pointed out already, those major retailers announced that they are taking dollars -- that will come from the sale of bitcoins, mostly by bitcoin enthusiasts.  So those news may give bitcoin more visibility, but it is questionable whether they will expand the number of bitcoin owners, and they imply more coins moving from hoards into the market.

And, anyway, those news are irrelevant to the Chinese traders -- who seem to be leading the current drop.

[sidhujag]

So, playing with margin has been fun, but now all it says is "System buy limit reached"

Is this a normal thing? Or am I getting zhou-tonged?

Whats your margin level? using metatrader? How many orders.

[shmadz]

So, playing with margin has been fun, but now all it says is "System buy limit reached"

Is this a normal thing? Or am I getting zhou-tonged?

Whats your margin level?  10:1

using metatrader? No. using btc.sx

How many orders. Just closed a bunch of shorts, now can't place any longs.

[ShroomsKit]

So today we had two major retailers announce that they're taking bitcoin and we're now lower value than we were 24 hours ago. This market is brutal.

2 major retailers announce they use Bitcoin. Which is huge. Price does nothing.
Fbi announces 30k coins go to 1 bidder. Which is no problem. Price crashes.

[hyphymikey]

So, playing with margin has been fun, but now all it says is "System buy limit reached"

Is this a normal thing? Or am I getting zhou-tonged?

It was telling me that the last 2 days. Pretty much there is no more "loans" available, and that all the longs available have been taken. I had to wait until someone sold off when we dropped to 640 the first time earlier today to be able to go long. You just have to try it from time to time and hope you catch it.

[ChartBuddy]

Explanation