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

[ChartBuddy]

Explanation

[adamstgBit]

i'd also like to note that if you want to lose much bits while its going down (double your losses with very little upside risk), buy some altcoins, particularly AUR and BTCD.  

i am down about 50%

its wonderfull!

[inca]

i'd also like to note that if you want to lose much bits while its going down (double your losses with very little upside risk), buy some altcoins, particularly AUR and BTCD.  

i myself am down about 50%

its wonderfull!

Ha. Careful selling its still only 1600 coins to 615 on stamp

[av123]

i'd also like to note that if you want to lose much bits while its going down (double your losses with very little upside risk), buy some altcoins, particularly AUR and BTCD.  

i am down about 50%

its wonderfull!

Thank you. I will do that.

[dropt]

Ha. Careful selling its still only 1600 coins to 615 on stamp

That's how these things happen.  We get people market selling BTC100+ blocks at local minimas and then all of a sudden a flurry of BTC1000 market buys come smashing through, and all of the lemmings panic.

[justusranvier]

BTCD

Is there really an altcoin called BTCD?

That's annoyingly confusing:

https://opensource.conformal.com/wiki/btcd

btcd is an alternative full-node implementation of the bitcoin protocol written in Go and is currently under active development. We feel that by providing an alternative to bitcoind we can substantially improve the diversity and resilience of the bitcoin ecosystem and infrastructure.

[InstantBitcoin]

so far, technicals point to a pretty crappy outcome.

I place little faith in technicals.... but they do look like shit right?

560 seems likely

altho we did paint a double bottom on similar volume on the 26th...

maybe this is the higher lower being painted.

one thing seems clear sellers are in control.

technicals change quickly.

now we're seeing more volume on the bounce back then there was on the init. drop below 575.

smells more and more like a bear trap.

rumour has it ~ the London fix debacle will push us much higher! imho 

its bearish for silver... altho silver bugs saw it as bullish " finally price manipulation is over "
silver is a direct competitor to bitcoin in the alt currency  / store of value market.
what's bad for silver is good for bitcoin.

I believe it.

 

[adamstgBit]

also buy DOGE, i just bought some DOGE somehow 

BTCD

Is there really an altcoin called BTCD?

That's annoyingly confusing:

https://opensource.conformal.com/wiki/btcd

btcd is an alternative full-node implementation of the bitcoin protocol written in Go and is currently under active development. We feel that by providing an alternative to bitcoind we can substantially improve the diversity and resilience of the bitcoin ecosystem and infrastructure.

well thats its ticker across most altcoins exchanges

its called BitcoinDark

its set to go up 30X should it follow in the footsteps of DarkCoin.

the confusing name could mean it will only go up 25X idk

one thing is clear, i have lost my mind!

[empowering]

http://bitcoinity.org/markets/huobi/CNY

http://bitcoinity.org/markets/bitstamp/USD

[empowering]

[InstantBitcoin]

also buy DOGE, i just bought some DOGE somehow  

BTCD

Is there really an altcoin called BTCD?

That's annoyingly confusing:

https://opensource.conformal.com/wiki/btcd

btcd is an alternative full-node implementation of the bitcoin protocol written in Go and is currently under active development. We feel that by providing an alternative to bitcoind we can substantially improve the diversity and resilience of the bitcoin ecosystem and infrastructure.

well thats its ticker across most altcoins exchanges

its called BitcoinDark

its set to go up 30X should it follow in the footsteps of DarkCoin.

the confusing name could mean it will only go up 25X idk

one thing is clear, i have lost my mind!

FREE BEER FOUNTAIN!!! (*denominated in: BTI / INSTANT ~of course )

====> peoples post your /\BTI addy!!!   +weeeeee

[MoreFun]

Ha. Careful selling its still only 1600 coins to 615 on stamp

That's how these things happen.  We get people market selling BTC100+ blocks at local minimas and then all of a sudden a flurry of BTC1000 market buys come smashing through, and all of the lemmings panic.

I don't remember seeing 1000 market buy for months (probably since june)...

[minerpumpkin]

Ha. Careful selling its still only 1600 coins to 615 on stamp

That's how these things happen.  We get people market selling BTC100+ blocks at local minimas and then all of a sudden a flurry of BTC1000 market buys come smashing through, and all of the lemmings panic.

I don't remember 1000 market buy for months...

It's like the queue of the exchanges got clogged up and only now all those orders get actually executed

[justusranvier]

I don't remember 1000 market buy for months...

It was a lot more fun back when you'd see 10K+ market buys during manias.

[minerpumpkin]

I don't remember 1000 market buy for months...

It was a lot more fun back when you'd see 10K+ market buys during manias.

Yeah, makes you wonder if those times really have ended. Why is that? Maybe it really is just because the volume is spread across multiple exchanges now? I think we've seen those big amounts even after Gox went under, so no Willy rumors, please!

[justusranvier]

Yeah, makes you wonder if those times really have ended. Why is that? Maybe it really is just because the volume is spread across multiple exchanges now? I think we've seen those big amounts even after Gox went under, so no Willy rumors, please!

Well I haven't seen a 10K BTC market buy since the price was below $100.

[Grafzep]

We're just painting the start tape nice'n'lo for the Jersey GABI fund.

[Sandia]

0%.  Nil.  Zero.  Null.

That is the chance that I would open a short today.  The market is being irrational, but that bid/ask ratio is amazing.

[porcupine87]

bitcoin.de had 2 big buys. 33 and 125 (which is a lot there) with 881€.

It's over 1000

seems like a bug.

It was a buy... it is on their site also  

well then ...   

Bitcoin.de is a marketplace and not a proper exchange, that's why you can choose to buy bitcoins from the person you like. Still not sure why some people are so stupid to buy at double price. Maybe they typed in the wrong numbers and then just clicked away the warning signs.

I know. I use this market place. It was nearly exactly at double price.
Ah, there could be a simple solution. If you look at the orders at the site, you can type in the volume you want to buy. And if you type in 100, there is not one single sell order. But maybe there war a buyer who wanted to buy over 100 and he found this single sell order. And then he clicked on buy.

Hm, so the solution is that there was some really stupid guy with a lot of money...

[Dalmar]

The sell off probably stopped at the 570s because of the 300 day moving average. There's no major MA support below that.

It's extremely rare for bitcoin to trade under the 300 SMA.