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

[xyzzy099]

The NYDFS extended comment period ends on Oct. 21.  How long do you guys think it will be after that before NYDFS acts on virtual currency rules?  I think a lot of bitcoin business is waiting to see how that shakes out...

[fonzie]

Sigh... bitfinex is getting too glitchy lately.... I don't feel good trading in this exchange anymore  

Check out Okcoin.com, it is by far the best exchange experience i had so far. I switched over from Bitfinex 3-4 weeks ago.

[JorgeStolfi]

Is there an accepted explanation for the deep and slow price decline following the Jun/2011 bubble (from 14$ by mid Jul/2011 to less than 3$ by Dec/2011)?

[akujin]

Sigh... bitfinex is getting too glitchy lately.... I don't feel good trading in this exchange anymore  

Check out Okcoin.com, it is by far the best exchange experience i had so far. I switched over from Bitfinex 3-4 weeks ago.

Can I trade in their btc/cny market even if I'm not a chinese?
I think their btc/usd market doesn't have much volume and  bitcoinwisdom only have btc/cny chart 

[fonzie]

Is there an accepted explanation for the deep and slow price decline following the Jun/2011 bubble (from 14$ by mid Jul/2011 to less than 3$ by Dec/2011)?

One possible explanation that has been discussed was that the ~ 600k Gox coins have already been stolen in 2011 and got sold from the thief during that time.

[ChartBuddy]

Explanation

[mmortal03]

Two large 1 minute sell-offs today on Bitstamp so far. 800+ bitcoin volume on each.

[abercrombie]

Sigh... bitfinex is getting too glitchy lately.... I don't feel good trading in this exchange anymore  

Check out Okcoin.com, it is by far the best exchange experience i had so far. I switched over from Bitfinex 3-4 weeks ago.

Can Americans in United States trade on Okcoin when sending USD from a domestic Bank to the OKcoin bank?  I asked in the "Services" forum a few days ago but haven't gotten an answer.

I like Finex FWIW.

[fonzie]

Sigh... bitfinex is getting too glitchy lately.... I don't feel good trading in this exchange anymore  

Check out Okcoin.com, it is by far the best exchange experience i had so far. I switched over from Bitfinex 3-4 weeks ago.

Can Americans in United States trade on Okcoin when sending USD from a domestic Bank to the OKcoin bank?  I asked in the "Services" forum a few days ago but haven't gotten an answer.

I like Finex FWIW.

I have never deposited FIAT to OKcoin, sorry.

[mano21]

I'm riding this to the ground.

[fonzie]

Lol, someone is having fun. This reminds at December 2013 on Gox when someone alternating market sold and bought 5000BTC every 15 minutes when we were around 1000$. Maybe Mark is back?  

Needless to say that we did not stay above 1000$ after that episode.... 

[hd060053]

this is so weired, every time the price wants to rise and then a 1k dump happens. every day 2-3 times.

we are already at > 100.000 coins that this guy dumped on all exchanges. normal traders / hodlers are not dumping at this price.

When this stops, price can only go up, but it can go more down before.

[FNG]

Looks like the dumper is going to have to try harder if he's going to continue the plummet.

People don't seem to be following today. Will confirm in 30 minutes if extra BTC doesn't arrive to exchanges

[empowering]

I was just  communing with Set and Loki, they are very happy- the world is on the brink of the brink of chaos... splendind.

Anubis and the Mayan God Kak U Pacat, He who works in fire. Masters of number and measurement…the technicians think this is bullish.

I am considering a home in the mountains of Nepal, I may learn to survive from sucking flowers and crushing stones, not to be confused with sucking cocks for rocks.

fml.

Businezz as usual.

 

[paul2000]

The people get used to the dumps. The dumps now are like chronic aches
you have accepted to be part of your life.

[hyphymikey]

I hardly see anyone cheering anymore every time we go down. What's the problem? Are all these cheap coins not so much fun anymore?

because there is no such thing called "cheap coins", coins will be cheaper and cheaper therefore less and less people want it

those who yelling for "cheap coins" are permabulls or scammers, that's why only few trolls are cheering about it

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

Perma bull here. I don't mine.

Permabull here. I mine and don't sell.

[inca]

this is so weired, every time the price wants to rise and then a 1k dump happens. every day 2-3 times.

we are already at > 100.000 coins that this guy dumped on all exchanges. normal traders / hodlers are not dumping at this price.

When this stops, price can only go up, but it can go more down before.

I think we are past the point of saying this is selling for best price. So either seller doesn't care (hacker), or its blatant manipulation.

What it clearly isn't is miners. Electricity bills are paid at most monthly. It is in their interest to let prices rise and sell slowly into them.

[tarmi]

I hardly see anyone cheering anymore every time we go down. What's the problem? Are all these cheap coins not so much fun anymore?

because there is no such thing called "cheap coins", coins will be cheaper and cheaper therefore less and less people want it

those who yelling for "cheap coins" are permabulls or scammers, that's why only few trolls are cheering about it

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

Perma bull here. I don't mine.

Permabull here. I mine and don't sell.

too bad your 10 TH "farm" does not make any difference.

big farms in china can dump till 140 $ and still make a nice profit.

dumper is happy because there are a lot of stubborn bulls.

[BitChick]

I've noticed that "bearwhale" is now some sort of deity cult figure. Apparently he has a huge power over the markets. Reminds me of KARHU, but that one was a joke.

Repent!

Bow before your new God.

https://www.reddit.com/r/BitcoinMarkets/comments/2hyl9c/daily_discussion_wednesday_october_01_2014/ckxbdu6

EDIT: I wonder how many people in this thread don't also frequent r/BitcoinMarkets.

He left out the 2k walls that the guy put up to stall the rally.  Every time the price dipped below the next 5USD level, he moved his walls down.

With no evidence, I have always believed the guy killed off either a bubble or a rise to a "normal" level of 800USD.  Instead, we have seriously damaged the reputation of btc by crashing down to the 300's.

Edit: I see no reason to read /r/bitcoinmarkets.  Short trolls and book talking dominate the subreddit.  This thread has several of the major whales in it (please don't delete my post again, you know it is true) and I am entertained  reading what they say about price changes.

Aren't the whales worried at all about the fact that these dumps are causing some people to seriously give up and walk away from Bitcoin?  I would think that they would hope, at some point, for the price to rise.  If more buyers just walk away with no intention to return the whales could just be shooting themselves in their own foot with these dumps.  I can understand their desire to use their stash of coins to make more, but they can manipulate the market at a higher point later just by giving the market some "breathing room" and letting it rise.  But what do I know?     Just a small holder here.

[DutchTrades]

This market is suffering a manic depression