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

[derpinheimer]

consolidation imo

great to short here

That's risky IMO. Short $450

[fonsie]

Shroom --> Doom

You sorry creature.

Too bad, now you'll be on his "Ignore List", like the rest of this forum. Welcome to the "I'm on Shroomies Ignore List Club".  

[spooderman]

Fine bid, Bullstamp. About time to force the stamp criminals to convert their shitty fiat.

Forcing people to do things that have done me no harm.....do we need to have another anarchist/statist debate?

[jonoiv]

consolidation imo

great to short here

Good luck with that

[N12]

Fine bid, Bullstamp. About time to force the stamp criminals to convert their shitty fiat.

Forcing people to do things that have done me no harm.....do we need to have another anarchist/statist debate?

Don't care about politics and philosophy (that's a hobby that I do entertain sometimes, not a breadwinner), I care about my preserving and increasing my wealth.

As long as the bleeding benefits me, sure as shit I like it. This is the market, a place of cutthroats.

[JayJuanGee]

A 38k single entity sell -> many entities is very bad for price. In a traditional sense, capitulation is small fish selling to each other and then panic buying their own coins back when any sign of reversal pops up. That doesn't happen when a whale dumps.

The chart looks the same, but the actions are not. People are buying since it looks like a reversal, but isn't.

Now I understand what you're getting at. Makes sense, you could certainly interpret it that way, however:

1) We had 1 day of 60k and the next with 70k daily BTC volume on Bitstamp. 30k is less than 25% of 130k, so even if you go by your argument, it is valid.
2) After the 30k ask popped up @300, people did panic sell down to 275.
3) For a context, it also has to be considered that we had a downtrend with relatively bearish sentiment prior to the culmination of Oct 5.

Your number 2 above seems to completely defy what really happened, yet i have seen that particular above rendition in the various BTC press, as well... specifically the assertion that the 30k dump was the cause of the downward price trajectory to $275... which was NOT the case.


Actually, the dip to $275 occurred for a couple of hours before the $300 dumper came with his 24BTC.. and it took 4-5 hours to sell those 24k btc (though some of it may have been sold earlier when that dumper was posting the approximately 30k holdings).  After all of that 24BTC was dumped, then BTC prices rallied thereafter, and did NOT again return or dip below $300, at least on Stamp....   I am pretty sure the other exchanges performed similarly b/c BTC prices on the other exchanges were artificially up ($10 to $20) above Stamp while the 24k wall was being sold on Stamp.

[Cheeseonastick]

RIP bitstamp.

[fonzie]

RIP bitfinex

I suddenly get "Access denied" to bitfinex.
Error code 16.

It used to work until now..

Anyway to bypass this blocking?

Same thing happened here and someone was able to change my email address after 2fa was enabled.  They stole 120 btc from my account and there is 80 left but I can't access them.  There is a breach of security.  

I also had google auth set up and that was no help.  Not sure how they bypassed all of it.  They also blocked me from my home ip from accessing bitfinex.  

Quality FUD is quality(and bullish)!

 

Edit: Buy buy buy, and get your coins out

[ChartBuddy]

Explanation

[Cheeseonastick]

https://i.imgur.com/I3bJ9bl.png

[tarmi]

RIP bitfinex

I suddenly get "Access denied" to bitfinex.
Error code 16.

It used to work until now..

Anyway to bypass this blocking?

Same thing happened here and someone was able to change my email address after 2fa was enabled.  They stole 120 btc from my account and there is 80 left but I can't access them.  There is a breach of security.  

I also had google auth set up and that was no help.  Not sure how they bypassed all of it.  They also blocked me from my home ip from accessing bitfinex.  

Quality FUD is quality(and bullish)!

 

Edit: Buy buy buy, and get your coins out

bitcoinica ringing in my ears.

[JorgeStolfi]

there is 0 reason to move the price down, at this point, the news has been good, china and gox are behind us, TAX has been paid

Well, not sure that the news have been good.  For the public who is not committed to Bitcoin, ApplePay sounds like a formidable competitor.

MtGOX is still not over, in several senses:

  * The liquidator has not yet started to collect the claims of former clients,
     and does not even seem to have a clear idea of how to evaluate them. 
     Meanwhile Sunlot is trying very hard to derail the liquidation and take
     over the "investigation" and "refunding" of clients --- whose greed
     seems to be much better developed than their business sense.
     The fact that people lost a lot of money and did not get anything back yet
     often gets mentioned by general media when they mention MtGOX.
     Not good for Bitcoin's public image.

  *  There is still no credible explanation for how the 600'000 BTC were lost. 
      Many theories are out there, and some of them may have implications for the
      future of bitcoin.  There is a criminal investigation going on by the Japanese police,
      but is may not address the bult of the coins, only a very small part.
      The lawsuits started by US and Canadian clients were retired by
      negotiations of Sunlot and the bigger clients.  This continuing mystery
      about what happened is not helping the public image of Bitcoin, either.

  * It is not known where those 600'000 coins are now.  They may have been
     cashed in long ago, they may be sitting still waiting for the investigations
     to be called off, or they may be circulating through tumblers.  In the last
     two cases, there is the risk that they will be dumped on the exchanges
     or in the OTC market at some point.   They may be being sold now,
     and causing the drop in price.

I have not seen any sign that China has lost its influence on the price. On teh contrary, the fact that the price does not seem to react to Western news sugests that China is still setting it.  (Note that the guys who bought that 30 kBTC sale at Bitstamp may be arbitragers.)

If China is still in control, then it is not surprising that there was no recovery after the October 15 tax deadline.


   

[Dark_Vader]

Have patience we will go up. I know for myself i'm here for long term.

[Richy_T]

So....

Ebola: Bullish or bearish?

[Patel]

So....

Ebola: Bullish or bearish?

Irrelevant

[FNG]

So....

Ebola: Bullish or bearish?

Bearish for governments as they fuck it up every step of the way

[findftp]

So....

Ebola: Bullish or bearish?

Hoax.

[ChartBuddy]

Explanation

[jonoiv]

So....

Ebola: Bullish or bearish?

Irrelevant

I know humor is not easy to grasp on the internet but...

 

[N12]

So....

Ebola: Bullish or bearish?

Very bullish, it will make people more susceptible to be driven into vices such as gambling.