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

[JorgeStolfi]

Arbitrage doesn´t seem to work even within China...

The arbitragers may have run out of BTC or money during this rally.  (Todayś volume is already 198 kBTC at Huobi, 380 kBTC OkCoin. The previous record at the latter was 285 kBTC, back in March, after one of the PBoC scares.)

[1714770780]

1714770780

[LFC_Bitcoin]

Shroomie, LampChop is that you?

Please don't remind me how many I sold at $3.  I was turning a steep profit at $1... then shit tripled and I got excited .

Hey man don't worry, all you can do is affect the here & now.

[dreamspark]

The lack of retracement is bullish as fuck! 500$ next

Seems like Jorge finally ran out of coins to dump! 

Huh? We are over 5% down from the peak in China... the same peak on both exchanges... a nice round number (2750), too, that the bots reacted to. You really think it is going up more? I mean, f---, I didn't expect a 80 point eruption and that happened so educate me on this way of thinking.

We're about $6-$8 away from the peaks in the west, the initially retraction was quickly waved off and clearly people are still buying.

[lyth0s]

Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.

Hey, I'm not saying you all won't sell or that you don't have a wild valuation in your head -- what I'm saying is that you didn't wake up this morning and think it would be this price on the market board. No f---ing way.

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

[ShroomsKit]

I closed my long at $420. Not sure what to do now...

Panic buy back in with a loss.

[fonzie]

Arbitrage doesn´t seem to work even within China...

The arbitragers may have run out of BTC or money during this rally.  (Todayś volume is already 198 kBTC at Huobi, 380 kBTC OkCoin. The previous record at the latter was 285 kBTC, back in March, after one of the PBoC scares.)

It looks like there is a lot of fresh money on OKcoin due to the hedgefond that stepped in. Arbitrage bots on the other exchanges might not have been prepared for this.

http://www.reddit.com/r/Bitcoin/comments/2m0ey8/tuur_demeester_on_twitter_okcoin_rep_a_new_hedge/

[notme]

Shroomie, LampChop is that you?

Please don't remind me how many I sold at $3.  I was turning a steep profit at $1... then shit tripled and I got excited .

Hey man don't worry, all you can do is affect the here & now.

It's all good... paid off hardware, had a blast spending some extra money, and I still hold enough bitcoin to keep me interested .

[justusranvier]

Please don't remind me how many I sold at $3.  I was turning a steep profit at $1... then shit tripled and I got excited .

Too late for you, but maybe this warning will help somebody else:

http://www.youtube.com/watch?v=NG1qooBzE2w

[trade2winnn]

Its running out of steam by the looks of it. If VOL doens't pick up from this $429 price, the most I think we will see is another $440 double top. I hope that I am wrong and we see $450 instead.

[Newbie1022]

The lack of retracement is bullish as fuck! 500$ next

Seems like Jorge finally ran out of coins to dump! 

Huh? We are over 5% down from the peak in China... the same peak on both exchanges... a nice round number (2750), too, that the bots reacted to. You really think it is going up more? I mean, f---, I didn't expect a 80 point eruption and that happened so educate me on this way of thinking.

We're about $6-$8 away from the peaks in the west, the initially retraction was quickly waved off and clearly people are still buying.

Reasonable comment

[notme]

Please don't remind me how many I sold at $3.  I was turning a steep profit at $1... then shit tripled and I got excited .

Too late for you, but maybe this warning will help somebody else:

http://www.youtube.com/watch?v=NG1qooBzE2w

lol... good ol bitcoinica

[Newbie1022]

Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.

Hey, I'm not saying you all won't sell or that you don't have a wild valuation in your head -- what I'm saying is that you didn't wake up this morning and think it would be this price on the market board. No f---ing way.

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

Crackpot! You are doing better than me, but you are still a cultish crackpot.

[lyth0s]

Remember remember,

5th of October!



Well, 6th on this picture.

Please tell me this is purchasable?

[notme]

Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.

Hey, I'm not saying you all won't sell or that you don't have a wild valuation in your head -- what I'm saying is that you didn't wake up this morning and think it would be this price on the market board. No f---ing way.

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

Crackpot! You are doing better than me, but you are still a cultish crackpot.

Such aggression, so sad.

[Newbie1022]

Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.

Hey, I'm not saying you all won't sell or that you don't have a wild valuation in your head -- what I'm saying is that you didn't wake up this morning and think it would be this price on the market board. No f---ing way.

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

Crackpot! You are doing better than me, but you are still a cultish crackpot.

Such aggression, so sad.

Did you not see the crazy bull---- that guy wrote. I mean, c'mon.

[notme]

Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.

Hey, I'm not saying you all won't sell or that you don't have a wild valuation in your head -- what I'm saying is that you didn't wake up this morning and think it would be this price on the market board. No f---ing way.

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

Crackpot! You are doing better than me, but you are still a cultish crackpot.

Such aggression, so sad.

Did you not see the crazy bull---- that guy wrote. I mean, c'mon.

Doesn't even come close to the wildest things I've seen here from bears and bulls alike.  Bitcoin does have the potential for much higher valuations, and 2014 has been quite a shakeout.

[lyth0s]

I closed my long at $420. Not sure what to do now...

Panic buy back in with a loss.

I closed it and re-opened a smaller long at $421.xx

I'm only playing with an extremely small amount of coins on bitfinex, I have no previous experience with margins and long/short orders so I'm just having some fun

[inca]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

[MICRO]

Remember remember,

5th of October!



Well, 6th on this picture.

Please tell me this is purchasable?

Wooow... What an amaizing painting .

[Newbie1022]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.