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

[derpinheimer]

Those bfx bids have to be fake. Their bidsum tripled in just a day...

They are bigger than bit stamp now..


Well anyway this is the bottom buy now or cry later.

(Unless all these bids disappear)

[adamstgBit]

look like we are going to test that wall at 500

[Schickeria]

They'll be a huge move upwards... but I think we have to clear the underbrush of leverage further, first. Remember, crashes in most markets with leverage typically stop at 55%. Maybe we'll stop sooner, but with $20mil in longs on Finex... don't bank on it. Wait until a bottom confirms and buy. This is pretty easy stuff. And yes, we'll lever all the way back up.

55% of 1163 is $640. We're already way over 55%.

55 % of 640.

Legit.

this on is for the bears, imagine a long squeeze down to 350ish back up to 540, extreme resistance cannot be over come @540, up is no longer an option!!! market immediately plunges 90%.

you got a hardon now dont you

Slow down please. I see myself as bull. Not this typical form of bull, where price must go up now, instantly without delay. But as a bull. I'm invested, I'm not selling, I've absolutely no panic.

55% of 640 is legit. Not a must be, but legit.

Read again please.

[Richy_T]

But with bitcoin it will always be easy for people paying attention to take physical possession of their own coins in their own wallets. The only way to stop this is to make it illegal entirely, which exposes the scam.

However, this didn't stop them with gold.

[johnwest]

look like we are going to test that wall at 500

I think we will below the 500 mark till this weekend, may be monday or tuesday
we will try to hit 500 mark and move upwards.

But it's not look very good this time, we are below the 500 mark comfortably.

[derpinheimer]

look like we are going to test that wall at 500

I think we will below the 500 mark till this weekend, may be monday or tuesday
we will try to hit 500 mark and move upwards.

But it's not look very good this time, we are below the 500 mark comfortably.

No!!!! Buy now!!!!

[edwardspitz]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

[adamstgBit]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

cost of eating out is 10% less for cool poeple.

yummy!

[Newbie1022]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

Oh well, I wasn't going to buy yet, but now that Hungry.dk is in on the action I really don't know how I could control myself.


WTF!! OMG!!

[fonzie]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

[adamstgBit]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

Oh well, I wasn't going to buy yet, but now that Hungry.dk is in on the action I really don't know how I could control myself.


WTF!! OMG!!

if  only we can get something similar in canada...

[hyphymikey]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Bitfinex said:

“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”

“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”


This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451.

This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that.

[counter]

Some good news! It is not huge, but a nationwide danish portal for fastfood businesses (hungry.dk) now accept bitcoin. They offer a 10% discount for orders payed with Bitcoin.

cost of eating out is 10% less for cool poeple.

yummy!

Haha , their should be a Bitcoin table at the restaurant to showcase that we are in fact cool.  
This is a pretty nice piece of news though and I wonder if that discount can be added to other offers if so that is a good incentive..  prognosis = bullish.

[adamstgBit]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Bitfinex said:

“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”

“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”


This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451.

This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that.

maybe it was 2 Ether guys cashing in there big break, and they organized to try and crash the market so they could buy back lower?

oh whos cares

point is someone crashed the market

literally flat out DUMP DUMP DUMP fast fast fast, like a moron

[zby]

http://www.coindesk.com/margin-trading-crash-price-bitcoin/

Bitfinex said:

“In this particular instance, we had two extremely large, unforced, market sell orders come in one after another. While there were some forced liquidations, it was not the majority of the trading activity around that time. This community should be not be concerned about this particular event.”

“All systems performed nominally and according to design. We were very pleased to see that our hard efforts in improving our risk management technology and process yielded an orderly result.”


This explains why the long squeeze and trying to force cascading margin calls didn't work, and only stopped at 451.

This also explains why the bfx bidsum is so high, the whale manipulators trying to catch the long squeeze. Buuut it didn't work, so there's that.

The amount of USD swaps decreased significantly - so while it might have been 'not forced' but apparently these were long liquidations. The result is not much different when you are very close to the margin call and you decide to sell yourself rather then go through the liquidation or if you get the margin call.

[adamstgBit]

call your friends recommend buys, they won't... they never do, and once again they will be like fuck i should have listened.

[ChartBuddy]

Explanation

[thefunkybits]

Looks like the walls on BFX and Stamp to reach new lows have filled in quite nicely.

I'd say we've bottomed here, this maybe even the last great buy opportunity of 2014 

[InstantBitcoin]

Wisdom says Stamp hit 481.xx - but I had buys at 485 and 490...

Anyone else comment?



EDIT: (Buys were not filled!)

only bots are allowed to buy the bottom.

they have priority

idk.... just wait for COIN shit like that wont happen on COIN

$250 i'm digging in the couch for coins....here greedy sharks thrashing the waters...;-)

[JayJuanGee]

I would say that Amazon would love to enable BTC, but TPTB doesn´t let this happen.

My theory is that if Amazon accepts BTC, they won't simply be plumbing Coinbase into their existing system, they will be wanting to extract every last $ and BTC they can so we'll see something extremely vertical possibly up to and including an Amazon exchange. Make no mistake, Amazon and Ebay/Paypal is the next big tech company battle getting ready to face-off. If Amazon can find a way to use BTC to gut Paypal, it'll happen.

That does NOT necessarily mean the adoption of BTC... Amazon is so huge that they would creatively be able to manipulate some kind of centralized Amazon coin while attempting to appear to be equivalent and/or superior to BTC... NO?