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

[ChartBuddy]

Explanation

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[1715298053]

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[1715298053]

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[jaberwock]

We had some good news today:

http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/

Will it cause a mini-rally?

[Torque]

So this is the reason a bunch of money went rushing back in to Ripple:

http://www.coindesk.com/jed-mccaleb-ripple-labs-strike-deal-avert-9-billion-xrp-sell/

Silly n00bs, don't they know it's just going to crash back down in a few days?

[tabnloz]

We had some good news today:

http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/

Will it cause a mini-rally?

This is fantastic news.

and will, logically, drop the price further )

[Argwai96]

Well folks... we going to break the $525 resistance or are we going to swing back down and start another cascade?

Last two days we saw the drops between now and 5 hours after now.
If we see no drop, I will start to believe in stabilization, for now.

No such thing as stability here. This is just low volume consolidation after yesterday's shockwaves. Personally, I think we could see some very strong downwards movement in the coming days. I think we are unlikely to pass $530.

[jaberwock]

So this is the reason a bunch of money went rushing back in to Ripple:

http://www.coindesk.com/jed-mccaleb-ripple-labs-strike-deal-avert-9-billion-xrp-sell/

Silly n00bs, don't they know it's just going to crash back down in a few days?

Do you think that Ripple has enought firepower to cause a dip on Bitcoin?

I doubt.

And what he did was market manipulation, wether he adimits or not.

[Newbie1022]

Looks like the manipulator is back... Everybody, get your puke bags ready.

[ChartBuddy]

Explanation

[Argwai96]

Looks like the manipulator is back... Everybody, get your puke bags ready.

Hmmm? I don't see anything out of the ordinary on any of the exchanges. Still just sideways consolidation. But I expect to break downwards within a day. Just a hunch. I'd keep on the lookout for another 5k sell on Bitfinex.....

[Newbie1022]

Looks like the manipulator is back... Everybody, get your puke bags ready.

Hmmm? I don't see anything out of the ordinary on any of the exchanges. Still just sideways consolidation. But I expect to break downwards within a day. Just a hunch. I'd keep on the lookout for another 5k sell on Bitfinex.....

There was a shortly lived sell-off on OKCoin that Huobi was starting to follow. Decent intensity, but it got cut off by a wall and also a sell wall got moved up.

[fr33d0miz3r]

[Newbie1022]

Bahahahaha... let me guess that you took out a short position?

Not calling it either way... could go up 50 or down 50 right now.

[ShroomsKit]

We had some good news today:

http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/

Will it cause a mini-rally?

You should know by now good news does nothing.

[ShroomsKit]

It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.

There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash. 

[adamstgBit]

its been confirmed

we are at war.

[adamstgBit]

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

A long squeeze. best explanation i have heard yet.

charts seem to agree,  you can see bitfinex went lower faster and also bounced faster.

this confirms long squeeze.

pretty sure the squeeze was manipulated tho... i mean, new eggs, dell, now ebay and paypal, and we drop? ...ya i buy that...

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital......

convinced? i am

[fr33d0miz3r]

It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.

There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash.  

We don't need another centralized payment system. If no one cares about this problem, early adopters will destroy this shit. RIP Bitcoin.

[TooDumbForBitcoin]

In these times of stress with people looking for the perpetrators, I find myself wondering:

Is it more profitable to buy a pitchfork and seek redress, or to manufacture and sell pitchforks?

[Omikifuse]

It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.

There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash. 

Bitcoin won't die because of some falls, otherwise it would be dead already.

We came from the 400's not long time ago, if can't remember

[adamstgBit]

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

A long squeeze. best explanation i have heard yet.

charts seem to agree,  you can see bitfinex went lower faster and also bounced faster.

this confirms long squeeze.

pretty sure the squeeze was manipulated tho... i mean, new eggs, dell, now ebay and paypal, and we drop? ...ya i buy that...

Ignoring the huge amount of spam on this thread, I would say that the price drop has something to do with bitfinex's recent policy change that allows them to change the max amount of leverage based on market volatility. This probably caused somewhat of an initial selloff, which caused some people to get a margin call, which caused more of a sell off and so on. I have read that the prices on bitfinex were somewhat lower then other exchanges for much of the time as prices were falling quickly.

don't think that happened. if you were watching bitcoinwisdom at the time, you would have seen a single 5000+ sell. that caused the margin call cascade. it had nothing to do with a policy change..... it's called preserving capital......

convinced? i am

there is only 1 reason to drop 5K coins in one blow  when the news is good...