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

[inca]

6000 BTC down to 340, 6000 BTC up to 470 @bitfinex

People are pulling their asks and market sell.

That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire...

True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze.

Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low.

[fonzie]

6000 BTC down to 340, 6000 BTC up to 470 @bitfinex

People are pulling their asks and market sell.

That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire...

True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze.

Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low.

I am aware of this and totally agree with you, sooner or later it will happen, and it will probably be fast and brutal. I just have no idea in which price area it will be.

[grappa_barricata]

[Davyd05]

6000 BTC down to 340, 6000 BTC up to 470 @bitfinex

People are pulling their asks and market sell.

That may be the case, but it is still impressive. If someone start buying strong we are going to see green fireworks. People shorting at this level are playing with fire...

True, but this orderbook condition, especially on Finex, is existing since weeks. Beside the Paypal bull-trap no one made an attempt to execute an short squeeze.

Not yet. But short interest is rising considerably. Soon it will become profitable to turn the trend on it's head. I was hoping it would come sooner but I expect a burst of selling causing a flash crash then an incredibly high volume reversal followed by sustained buying. This may be followed by a big bear trap and then further heavy buying until the shorts are burned. And before you ask where the cash is going to come from, it is from the people who have sold literally tens of thousands of coins in recent months to drive the price this low.

I am aware of this and totally agree with you, sooner or later it will happen, and it will probably be fast and brutal. I just have no idea in which price area it will be.

You buy a coin in all the price areas and you can say you knew lol

[ChartBuddy]

Explanation

[esse83]

Has anybody tried simply calling the lawyer in charge of getting ETF: COIN approved? I just did. She expects the review process to continue for at least one more year. That was a bit shocking for me as I was hoping for late 2014.

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/

Notisis - have you actually read the S-1? Honestly, I have a hard time imagining the SEC approving a fund ... which boils down to "we're going to trade on a lot of different exchanges, in countries where we don't really know if they're under any regulation at all ... oh, and we don't really know who the owners of the exchanges are"

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/ckznv5w

[wobber]

Has anybody tried simply calling the lawyer in charge of getting ETF: COIN approved? I just did. She expects the review process to continue for at least one more year. That was a bit shocking for me as I was hoping for late 2014.

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/

Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME!

[klee]

http://t.co/oe8dcSlXwy

[NotLambchop]

Has anybody tried simply calling the lawyer in charge of getting ETF: COIN approved? I just did. She expects the review process to continue for at least one more year. That was a bit shocking for me as I was hoping for late 2014.

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/

Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME!

There is cause for cautious optimism...

[inca]

Has anybody tried simply calling the lawyer in charge of getting ETF: COIN approved? I just did. She expects the review process to continue for at least one more year. That was a bit shocking for me as I was hoping for late 2014.

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/

Hahahha (excuse my trolling), the gay-ETF-Messiah that everyone hoped to save the price is not going to appear in 2014. LAME!

Yeah lawyers often give away confidential information to random reddit cold callers about a multi million dollar net worth client. Jesus you are a moron wobber.

[akujin]

Has anybody tried simply calling the lawyer in charge of getting ETF: COIN approved? I just did. She expects the review process to continue for at least one more year. That was a bit shocking for me as I was hoping for late 2014.

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/

Notisis - have you actually read the S-1? Honestly, I have a hard time imagining the SEC approving a fund ... which boils down to "we're going to trade on a lot of different exchanges, in countries where we don't really know if they're under any regulation at all ... oh, and we don't really know who the owners of the exchanges are"

http://www.reddit.com/r/BitcoinMarkets/comments/2i7bfn/has_anybody_tried_simply_calling_the_lawyer_in/ckznv5w

One more year til messiah comes!
Who's gonna save you guys now?
 


DOOM!  

[sbrzol]

who pushed the price down from 550 to 350 wont stop here until he can see such statistics

buy   - 28 (21.2%)
sell   - 16 (12.1%)
hodl   - 68 (51.5%)
panic sodl   - 20 (15.2%)
Total Voters: 132

probably they will stop selling and start buying if they can see a table like this in numbers
when there will be real blood on streets

buy   - (20%)
sell   - (50%)
hodl   -  (30%)

how many times did you call the bottom in this year ?  5-10 times?

[abercrombie]

[akujin]

Here goes the chinese!  

[Eddie Brock]

Russia bans bitcoin and all you "end of bitcoin" bears can't even drop the price under $350?

I was promised <350, <300, <270 coins!

you can find <350 at btc-e already...

<300 and  <270 not yet, maybe by sunday night

[NotLambchop]

I'm going to have a car
You'll have to admit, I'll be rich!   as!   shit!
And I'll just sit and grin, the money will roll right in

[Wandererfromthenorth]

If you still haven't sold and/or you are not shorting, RIP.

[birr]

Monkey says 4 more days down.  He might not count weekends though.  

After that he wants it to go up for a couple of months.

Did monkey have the foresight to keep a big stash of banana skins for buying cheap coins at times like this?

[akujin]

Finex sub 350!  

[inca]

Finally we may get the flash down.