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

[fonzie]

Explanation

WTF look at 'dat volume'.

Has to be a glitch or being weirdly manipulated by a number of whales to get cheap coins.

Stop doing drugs!

[lyth0s]

What happened today with the $372 -> $350ish sell off?

[criptix]

i see 6400 btc to 366$ @btcchina

when did all the asks appear?

[rokkyroad]

What's with the ripple bullshat? This is bitcoin speculation. I don't go into altcoin threads shilling competing coins. Makes one look like an arsehole.

[hdbuck]

It Will Take 6.25 BILLION “Man Years” To Pay Off Federal Government Liabilities: http://anonhq.com/take-long-pay-us-government-liabilities/

[coins101]

Bring back Gox

[jonoiv]

Check out the order books on finex.   

[keewee]

Check out the order books on finex.  

Bids still rising too

[jonoiv]

Check out the order books on finex.  

Bids still rising too

The bids are what i meant

The last time they looked like this we rallied to $470

[ShroomsKit]

What happened today with the $372 -> $350ish sell off?

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

[spooderman]

What happened today with the $372 -> $350ish sell off?

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

$10 a bitcoin still makes it way stronger than most currencies. People forget how insane it is that our coins are worth $350 each.

[coins101]

What happened today with the $372 -> $350ish sell off?

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

Oh my lordy. My wildest dream(s) would come true if we flashed crashed or walked back down to $10 /BTC.  I'm pretty sure I don't need half my organs - can one sell organs for BTC yet?

[idecable]

I'm pretty sure I don't need half my organs - can one sell organs for BTC yet?

Only if you're Robocop!

[ChartBuddy]

Explanation

[Dalmar]

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

$10 a bitcoin still makes it way stronger than most currencies. People forget how insane it is that our coins are worth $350 each.

Market cap is more important in this regard than unit price. At $10 per bitcoin it can be manipulated by just a handful of millionaires. This is not possible with regular currencies, so calling it ''stronger'' is far-fetched.

[Walsoraj]

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

$10 a bitcoin still makes it way stronger than most currencies. People forget how insane it is that our coins are worth $350 each.

Market cap is more important in this regard than unit price. At $10 per bitcoin it can be manipulated by just a handful of millionaires. This is not possible with regular currencies, so calling it ''stronger'' is far-fetched.

In this regard, marketcap is less important than the amount of fiat sitting on exchanges.

[lyth0s]

How can there be that much volume and practically no price action?

Maybe because a considerable part of the bid side is fake. Also: breaking away 30 dollars north will make the price hit another ask wall again, one that is still in place at this point.
I really wonder how much mining companies are manipulating the bid side at the moment; there have been quite a few rumors that the larger ones out there will no longer be able to profit if the price sinks somewhere below 300 dollars.

Anyways, I'm still waiting for a panicking (Chinese) whale. Then we will see some real action. I wonder what wil happen if a sell wall of about 30k shows up to drive the price all the way down. How much liquidity would still be out there to catch the falling knife?

With Billionares like Draper around? A lot. Don't forget that big money WANTS to see large sell walls at static prices. That way there is no market movement with their large buys.

[spooderman]

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

$10 a bitcoin still makes it way stronger than most currencies. People forget how insane it is that our coins are worth $350 each.

Market cap is more important in this regard than unit price. At $10 per bitcoin it can be manipulated by just a handful of millionaires. This is not possible with regular currencies, so calling it ''stronger'' is far-fetched.

good point.

[Tzupy]

More dumps in China, Bearstamp what are you waiting for?

[shmadz]

I'd like some feedback from the Eurolanders out there, if possible

I just got this in my email:

This weekend, Swiss voters will be asked whether they want 20% of their currency, the Swiss franc, backed by physical gold.

The people I talk to here in Zürich are, at best, hopeful that the answer is no. They know that such a plan will cause a world of hurt to the Swiss economy and will hamstring the Swiss central bank and its efforts at managing the franc. They all say confidently that the majority of Swiss voters understand this and will veto the plan.

But you can clearly hear in their tone that worry tints their words. The polls are close. And they know that the Swiss feel their economy is too often manipulated by what happens with the euro and the dollar — and the Swiss are people with a deep independence streak.

Thus, there’s a better-than-good chance that Swiss voters shock the monetary world this weekend with a vote that signals the beginning of the end for modern fiat currencies. That will ripple through our world here in the States. But there are ways to prepare …

Anyone who knows any thing about Switzerland think this it's even a remote possibility?