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

[Newbie1022]

Newbie has to be shitting his pants right now. If he loses $200 in a few minutes with a few dollar upswing in price on his shorts, his losses between his short at $381 and again at $425 have to making him PISSED LOL.

Newbie should be back shortly raging on the bulls.

Oh, I thought I was the one calling people names and talking s---. I ended up as a wash today as I was able to clean up the mess on volatility. I'm just sitting out, now. This thing looks like it is going to go on forever, but really this is kind of nuts. You've probably had a great day of trading so I won't take the fun out of your making money. But, I am wondering how anybody has any trust in this nonsense... we went from flat-lined to up over 100 on the week... this s--- is rigged. I'm happy you won the rigged bet, though.

And... try to have some class, man.

[janos666]

This didn't really seem possible (OKCoin Wall eaten!). I am impressed.

[hodlmybtc]

OKCoin almost at 3000, gotta love these days, probably should go to sleep but will check it out for another 30 minutes

[lyth0s]

Newbie has to be shitting his pants right now. If he loses $200 in a few minutes with a few dollar upswing in price on his shorts, his losses between his short at $381 and again at $425 have to making him PISSED LOL.

Newbie should be back shortly raging on the bulls.

Oh, I thought I was the one calling people names and talking s---. I ended up as a wash today as I was able to clean up the mess on volatility. I'm just sitting out, now. This thing looks like it is going to go on forever, but really this is kind of nuts. You've probably had a great day of trading so I won't take the fun out of your making money. But, I am wondering how anybody has any trust in this nonsense... we went from flat-lined to up over 100 on the week... this s--- is rigged. I'm happy you won the rigged bet, though.

And... try to have some class, man.

Nah I don't trade much TBH. I just buy and hoard coins and then spend them when I want to buy something (and replenish of course). My fooling around with Bitfinex today was to try to understand how margins work.

Out of curiosity do you hold any coins at all? Or just day trade? Not that there is anything wrong with either of those practices.

[trade2winnn]

Crazy shit

Bitstamp 450
Bitfinex 461
Huobi 482

weirdness

Its almost like I have to step back and analyze but I feel brainwashed with it just rising continuously without a stop light in sight.

#BTCMYANTIDRUG

[Adrian-x]

What's up with CaVirtex, it's been lagging all afternoon / evening I've exhausted my fiat over there, otherwise I'd give it a nudge, I bet that's Adam cleaning out his closet.

[shmadz]

Crazy shit

Bitstamp 450
Bitfinex 461
Huobi 482

weirdness

Yeah, and climbing on low volume right now, either it's gonna pop, or liquidity is dying up and "to da moon"

I hope there are still some rational sellers out there.. like the ones that have been telling us to "cut our loose" not long ago.

We need more martyrs, more bodies to step in front on the train.

Otherwise, worst case scenario, as shroomsy likes to say, "our coins might be worth more"




 

[lyth0s]

Ahhh I love all the Wall Observer posts. It feels like 11/2013 all over again. I can't imagine that this price increase will be sustained for much longer, but then again I never thought 11/2013 events were possible either...

Price is intermittently testing $470 on bitfinex, but back to 464 for now.

[Newbie1022]

Newbie has to be shitting his pants right now. If he loses $200 in a few minutes with a few dollar upswing in price on his shorts, his losses between his short at $381 and again at $425 have to making him PISSED LOL.

Newbie should be back shortly raging on the bulls.

Oh, I thought I was the one calling people names and talking s---. I ended up as a wash today as I was able to clean up the mess on volatility. I'm just sitting out, now. This thing looks like it is going to go on forever, but really this is kind of nuts. You've probably had a great day of trading so I won't take the fun out of your making money. But, I am wondering how anybody has any trust in this nonsense... we went from flat-lined to up over 100 on the week... this s--- is rigged. I'm happy you won the rigged bet, though.

And... try to have some class, man.

Nah I don't trade much TBH. I just buy and hoard coins and then spend them when I want to buy something (and replenish of course). My fooling around with Bitfinex today was to try to understand how margins work.

Out of curiosity do you hold any coins at all? Or just day trade? Not that there is anything wrong with either of those practices.

Held for part of the run up, then mom's needed money so sent that... go money back and played the short at $381/$383 because... the way the market was playing then... that wasn't wildly irrational. Then s--- went nuts. I started off holding some around the $600 range... held for about two or three months (not long by your guys' standards), got burnt, shorted the rest of the way down, probably had a conceptual bias thereafter following shorting for so long.

[Searing]

Well that was a rush! .....last time I looked at price it was last night at like 389 or some such get on like 5 min ago check
bitcoin price and it is like $447.80 on coinbase

sheesh...

good to see it is rising irrationally up as well as irrationally down...symmetrical don't ya know ..hey its only fair  

wonder if/when the balloon will pop? I'm holding and mining so got no dog in this fight speculation wise at this point

go baby go
 

[njcarlos]

Price is intermittently testing $470 on bitfinex, but back to 464 for now.

As usual, everyone focuses on the USD markets. Why? They dictate nothing. Watch CNY if you care to know what's happening in real time instead of derivatives. Unless of course, they decouple. But that's never happened to any significant degree.

[lyth0s]

Hmm.. small price correction to $458, then up to $480. What do you guys think?

[YogoH]

Is there any reason for the divergence between exchanges?

[derpinheimer]

Crazy shit

Bitstamp 450
Bitfinex 461
Huobi 482

weirdness

BTCe 442
Bitstamp 442
Bitfinex 462
Huobi 472
Okcoin 474

[mrkavasaki]

had all my btc sold at 290$
do you guys believe we could see sub $300 again?

[hodlmybtc]

had all my btc sold at 290$
do you guys believe we could see sub $300 again?

Bad timing I personally think probably not but who knows, strange things can happen in crypto.

However I think the chance of BTC hitting $1000 before hitting $300 is bigger.

[shmadz]

What's up with CaVirtex, it's been lagging all afternoon / evening I've exhausted my fiat over there, otherwise I'd give it a nudge, I bet that's Adam cleaning out his closet.

That's discouraging.

I like that debit payment feature, even though it's a low daily limit.

instant funding of fiat and withdrawal of crypto is the crowning achievement of virtex

[lyth0s]

Price is intermittently testing $470 on bitfinex, but back to 464 for now.

As usual, everyone focuses on the USD markets. Why? They dictate nothing. Watch CNY if you care to know what's happening in real time instead of derivatives. Unless of course, they decouple. But that's never happened to any significant degree.

Well short term I don't care about price at all actually (unless it drops enough to margin call my first order today).

I look at USD valuations for 2 reasons.

1) I don't trust any chinese site for accurate volume information and IF there were to be a Mt. Gox #2 I'd 1/2 expect it to be one of the CNY exchanges...just my personal take on it.

2) When it comes time for me to purchase goods, the goods I buy are priced in USD equivalents not CNY. I'm also much more familar with relative pricing between a $10 USD rise vs a $50 USD rise etc. CNY are in the thousands (2800 for example) and for my small brain to understand how big of a change from 2800 to 2810 or 2850 is, I have to first calculate percentage change and then compare that with USD equivs. And that completely ignores that china has a lower cost of living than the US, meaning that even % change may not be actual equivalents in terms of QoL.

[Room101]

Been a long time since i got so many positive bitcoin paranoid notifications in such a short space to time. Now if only gold would stop tanking....

[ask]

No one wants to take my 300 BTC at $460. We should go down.