Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21010.

cyclotronmajesty

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Activity: 420

Merit: 250

Quote from: natewelt on August 18, 2015, 09:16:58 PM

Bitfinex CEO talking about crash.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Credit: https://bitcointalk.org/index.php?topic=934638.60

Edit: Listening right now. Very raw and interesting discussion.

Sounds like there was some lag in the system... that would explain why I sold 5-7% cheaper than my stop loss even though there was a market for it... wonder if i'll get a refund? Cheesy

I should have lost only 100$ but for some reason I lost 250$ Bitfinex.

podyx

legendary

Activity: 2338

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Quote from: dreamspark on August 18, 2015, 09:24:55 PM

Quote from: billyjoeallen on August 18, 2015, 09:23:00 PM

Quote from: marcus_of_augustus on August 18, 2015, 09:16:45 PM

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume.

Hes talking about 2013 crash before $1000+ run up.

Check the similarities.

https://www.tradingview.com/x/IpLkPD8i/

$5k here we come!!! Grin

or naaahh

Paashaas

legendary

Activity: 3512

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More cheap coins for me, thx miss-informed panic sellers!

Cconvert2G36

sr. member

Activity: 392

Merit: 250

Twas a margin call whale ballet like I've never seen on finex today... hory shet. Has all the other exchanges scared shitless too, and why not... scary fork happenings, over-levered bulls, the bitcoin fora becoming like north korea... Perfect. Looks like a classic capitulation, except the volume was not anything like January, not good. Either you're getting a sale right now, or this is the preview for the double digit extravaganza sale. Shows it never hurts to have some lowball bids sitting on the books. Wish I knew. But then I wouldn't tell you.

I am seeing some despair-ish comments around. That's usually not a bad time to pad a stash. As ever, there are some pros in this market with the funds to make it happen. I wonder what his shorts executed at on the exit, he definitely didn't get much in the 160's Shocked

while covering. I'm sure they're not complaining. What a day... being long I took a nice hit, but I have cold stuff I'll hodl to the very end, there isn't another market like it.

dreamspark

hero member

Activity: 798

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Quote from: billyjoeallen on August 18, 2015, 09:23:00 PM

Quote from: marcus_of_augustus on August 18, 2015, 09:16:45 PM

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume.

Hes talking about 2013 crash before $1000+ run up.

Check the similarities.

https://www.tradingview.com/x/IpLkPD8i/

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: marcus_of_augustus on August 18, 2015, 09:16:45 PM

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

no it isn't. it went LOWER than last winter's crash on far less volume.

xIronCrossx

member

Activity: 112

Merit: 10

Quote from: TerraMaster on August 18, 2015, 09:19:20 PM

Quote from: relm9 on August 18, 2015, 09:05:09 PM

If it jumps up higher (say $250) that would be bullish for me. Until then though, this looks like a short lived rise and real dumping has yet to begin. Not enough volume on this crash to really call it a definitive bottom.

yes but what would be or is driving a dump? Usually something there you can put your finger on... outside of manipulation maybe

Articles crying the end of bitcoin due to the XT situation? The general public probably gets very scared when they hear things like fork Tongue

TerraMaster

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Activity: 280

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Quote from: relm9 on August 18, 2015, 09:05:09 PM

If it jumps up higher (say $250) that would be bullish for me. Until then though, this looks like a short lived rise and real dumping has yet to begin. Not enough volume on this crash to really call it a definitive bottom.

yes but what would be or is driving a dump? Usually something there you can put your finger on... outside of manipulation maybe

natewelt

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Activity: 252

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Bitfinex CEO talking about crash.

https://soundcloud.com/whaleclub-bitcoin/bitfinex-ceo-recording-after-18082015-flash-crash

Credit: https://bitcointalk.org/index.php?topic=934638.60

Edit: Listening right now. Very raw and interesting discussion.

marcus_of_augustus

legendary

Activity: 3920

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Eadem mutata resurgo

feels a lot like the action on the silk road take down flash crash (which began the major 2013 major leg up), like market is waiting for some "news" to flush out the last of the weak hands before hitting major bull mode ... and $161 on finex is now double bottom no?

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: cyclotronmajesty on August 18, 2015, 08:47:55 PM

Quote from: billyjoeallen on August 18, 2015, 08:42:46 PM

Quote from: podyx on August 18, 2015, 08:27:51 PM

Quote from: billyjoeallen on August 18, 2015, 08:26:46 PM

Quote from: ?? on ??

I have that feeling bears will want to repeat sub 200$ in next few hours.

yes, it's very likely. look at the volume. nothing like last winters crash. it's far from over.

You really think so?

hell if I know. But there's hardly any btc swaps on finex. We need those shorts to stop crashes.

I don't know what to say to anybody who was encouraged by my bullishness. I took a mighty hit too. I may be a dumbass, but I'm a sincere dumb ass.

I hate to say it but I'm beginning to think bitcoin is dumb. I'm inclined to agree with Edward Snowden. Obviously it's flawed. The concept is good, but this kind of price movement isn't so good for Bitcoin. I'm afraid the only people who actually profit from this game are scumbags. Amirite? Most of the miners are where again? And who keeps ripping off the USA's patents?

This is OUR fault. Mine as much as anybody's and prolly more than most. We were supposed to provide liquidity. We are the ones who stabilize the price.

madonnino

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Activity: 322

Merit: 250

I ❤ www.LuckyB.it!

I missed something? ? Grin

oh Hell another dump

montreal

full member

Activity: 328

Merit: 100

Quote from: alesx.onfire on August 18, 2015, 08:54:11 PM

fuck this shit, i lose $233 in 4 fucking hours...-
i'm out

consider yourself fortunate Cry

Fakhoury

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Permabull Bitcoin Investor

Quote from: adamstgBit on August 18, 2015, 08:47:36 PM

Quote from: Fakhoury on August 18, 2015, 08:33:58 PM

Quote from: adamstgBit on August 18, 2015, 08:32:51 PM

This is what I call a chain-reaction, thanks buddy Wink

its as if a 747 was filling with money and then crashed into bank vault full of gold, Riches up for grabs EVERYWHERE

This is GENTLEMEN and couldn't agree more Adam.

relm9

hero member

Activity: 840

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If it jumps up higher (say $250) that would be bullish for me. Until then though, this looks like a short lived rise and real dumping has yet to begin. Not enough volume on this crash to really call it a definitive bottom.

cyclotronmajesty

sr. member

Activity: 420

Merit: 250

Quote from: xIronCrossx on August 18, 2015, 09:01:53 PM

Quote from: TerraMaster on August 18, 2015, 08:59:47 PM

Quote from: xIronCrossx on August 18, 2015, 08:56:12 PM

Quote from: hodlmybtc on August 18, 2015, 08:55:06 PM

Liftoffaftercrashhappeningnow?

Probably not, but coinbase exchange just went from ~231 to ~238 within a matter of minutes

I do not see any reason why this drop is occurring, stands to reason, others will see no reason, and begin buying back what they sold or see a good time to buy up lol

A lot of people seem to love buying high and selling low. If I buy too high, why would I sell so low? I bought some @265ish a few days ago, a lot of people seem to get all scared and instantly sell. Makes more sense to just hold it in most cases.

I usually do that... actually bitfinex sold my shit 5% cheaper than where I told it to. I was asleep so couldn't buy back lower than I sold at. But I think it would have either been my stop loss or a margin call. I picked a stop loss but it acted like a margin call...

TerraMaster

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Activity: 280

Merit: 250

Quote from: podyx on August 18, 2015, 09:01:40 PM

Quote from: alesx.onfire on August 18, 2015, 08:54:11 PM

fuck this shit, i lose $233 in 4 fucking hours...-
i'm out

That's nothing lol

Nothing like investing a few grand in a GPU farm a few years ago,,, and this little thing called ASICS hit the market... rapidly....

cyclotronmajesty

sr. member

Activity: 420

Merit: 250

Quote from: podyx on August 18, 2015, 09:01:40 PM

Quote from: alesx.onfire on August 18, 2015, 08:54:11 PM

fuck this shit, i lose $233 in 4 fucking hours...-
i'm out

That's nothing lol

Yea... lol.. try 1000$ in a few minutes. or about 75% of your investment. At that point money was no object, just kindling for passion and Christ like martyrdom.

alesx.onfire

hero member

Activity: 966

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