Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21464.

readysalted89

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Quote from: SnokkomBTC on July 08, 2015, 08:31:02 AM

Quote from: BitofaN1 on July 08, 2015, 08:24:17 AM

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

The finex dump might be related to the news that Greece has said they will start pension and tax reform by next week if they can have more money from the EU. You can read the whole letter they sent to the EU at the link below the quote. They have refused to discuss pension reform until now so it makes it look like they they might yet do a deal to stay in the EU. Everyone's speculating the Bitcoin price has been rising on fears of a Grexit and this new offer from Greece might prevent one. That might be why people started dumping.

Quote

Consistent with the principles of this medium to long term Programme, the Republic is committed to
a comprehensive set of reforms and measures to be implemented in the areas of fiscal
sustainability, financial stability, and long-term economic growth. Within the framework of the
Programme, we propose to immediately implement a set of measures as early as the beginning of
next week including:

• Tax reform related measures
• Pension related measures

http://online.wsj.com/public/resources/documents/eugreecepdf.pdf

cyclotronmajesty

sr. member

Activity: 420

Merit: 250

Looks like it...

Everyone jumped ship, I guess they got tired of the manipulation?

Maybe bitcoin will become the altcoin of litecoin...

...I can't believe what i'm seeing... I'm just too uncertain to hit that buy button.

Looks like a bubble to me though. Litecoin also crashes..

It's possible litecoin has become the steam-valve of frustrated bitcoin traders who are sick of the price suppression and pump and dumps.

oda.krell

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Quote from: Spaceman_Spiff on July 08, 2015, 09:00:25 AM

Quote from: oda.krell on July 08, 2015, 08:57:12 AM

Well, well, well... look at this. Seems like this old crypto horse isn't entirely worn out yet.

Doesn't this include the recent spam attacks/stress tests?

I was under the impression those would be filtered out by my choice of 'excluding popular addresses', but I could be wrong. At least the Coinwallet part of it used a small set of addresses AFAIK, so by my understanding these shouldn't be included in the graph I posted - but I didn't look into this deeply enough to say so with certainty.

Fatman3001

legendary

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Make Bitcoin glow with ENIAC

Quote from: aztecminer on July 08, 2015, 09:03:55 AM

i missed that rise to 274 .. i'm not sure what to do yet anyways. its dangerous out there right now.

Buy some litecoins.... a month ago.

aztecminer

legendary

Activity: 1092

Merit: 1000

Quote from: macsga on July 08, 2015, 06:52:13 AM

Well, I missed that. Citygroup mines its own Bitcoin called "Citycoin"? Premined digital currency for banks? Smells like Ripple.

http://techcrunch.com/2015/07/07/citibank-is-working-on-its-own-digital-currency-citicoin/

that would be the same as keeping all your money in the bank.. we should let all the central banks make their own money see how that works out .

aztecminer

legendary

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i missed that rise to 274 .. i'm not sure what to do yet anyways. its dangerous out there right now.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: oda.krell on July 08, 2015, 08:57:12 AM

Well, well, well... look at this. Seems like this old crypto horse isn't entirely worn out yet.

Doesn't this include the recent spam attacks/stress tests?

inca

legendary

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This LTC pump is fairly insane.

Someone poke bitcoin for us.

fabrizio123

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Quote from: SnokkomBTC on July 08, 2015, 08:31:02 AM

Quote from: BitofaN1 on July 08, 2015, 08:24:17 AM

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

What a joke, data just appeared from nowhere

oda.krell

legendary

Activity: 1470

Merit: 1007

Well, well, well... look at this. Seems like this old crypto horse isn't entirely worn out yet.

Elwar

legendary

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Merit: 2386

Viva Ut Vivas

So I figured I'd check on old Wall posts around June 11 before the price started moving up (around $230).

Most of the talk was about how boring the price was but this was interesting:
https://mobile.twitter.com/maxkeiser/status/608999235149692929

"I think I have convinced Russia that Bitcoin is equivalent to Gold and that CBR (Central Bank of Russia) should be loading up on BTC." -Max Keiser

Though I have no respect for the Keiser. I wonder if there is some truth to this.

noobtrader

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Quote from: SnokkomBTC on July 08, 2015, 08:31:02 AM

Quote from: BitofaN1 on July 08, 2015, 08:24:17 AM

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

273 ---> 269 finex, its not even a drop

BitofaN1

full member

Activity: 177

Merit: 100

Quote from: SnokkomBTC on July 08, 2015, 08:31:02 AM

Quote from: BitofaN1 on July 08, 2015, 08:24:17 AM

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

Chinese people are moving massive funds from their crashing stock market into BTC?
One can only dream...

hdbuck

legendary

Activity: 1260

Merit: 1002

short time!

SnokkomBTC

hero member

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Quote from: BitofaN1 on July 08, 2015, 08:24:17 AM

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

indeed, what's up??

BitofaN1

full member

Activity: 177

Merit: 100

Chinese exchanges done goofed?
OKcoin and Huobi at the same time ? It got to 1734 (278.59 USD) on OK and then froze? WTF is goin on?
Meanwhile finex drops hard.

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: macsga on July 08, 2015, 07:50:06 AM

Uh-oh...

Greece and China expose limits of 'whatever it takes' (Reuters)
China no longer has a market: China Stock Sellers Frozen Out of 71% of Market (BBG)
China’s Market Rescue Makes Matters Worse as Prices Lose Meaning (BBG)
China Stocks Plunge as State Support Fails to Revive Confidence (BBG)
China Market Rout Spreads From Stocks to Price of Pig Food (BBG)
China’s State-Owned Firms Ordered Not to Cut Share Holdings (BBG)
Greece Requests Three-Year Bailout in First Step Toward Meeting Creditors’ Demand (WSJ)
Greece Faces Euro Exit Unless Demands Accepted by Sunday (BBG)

http://www.zerohedge.com/news/2015-07-08/frontrunning-july-8

Seems we're in for a wild ride on BTC. I'll add the current surge on LTC's price. CCMF! Grin

Quote from: shmadz on July 08, 2015, 08:13:36 AM

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails

Quote

Chinese equities have lost more than $3.5 trillion of value in less than a month

And you thought bitcoin was volatile?

Who would have thought?

Quote from: Fatman3001 on June 14, 2015, 10:36:31 AM

China has a habit of using pretty crude methods to regulate its economy. When there was a surplus of aluminium being produced they simply told the banks to stop lending money to aluminium producers. If they are going to adopt a similar ham-fisted approach to the stock market, this thing is gonna get mushroomy

If you guyz just listened to me we would be at ~~$32k~~ $45k already!

Elwar

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Viva Ut Vivas

shmadz

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@theshmadz

http://www.bloomberg.com/news/articles/2015-07-08/china-trade-halts-hit-2-2-trillion-as-state-intervention-fails

Quote

Chinese equities have lost more than $3.5 trillion of value in less than a month

And you thought bitcoin was volatile?

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