Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21884. (Read 26610084 times)

I would've used a more liquid exchange for that.

Perhaps there's some connection to Josh Garza's exchange offering to buy Bitcoin over market price recently, which was outed immediately before they could do any significant volume?

Coin
Explanation

Now that's a positively sinister idea. After watching this market for a while though, I can't say it's crazy.

The fact that this was btc-e makes one think that privacy was a priority for this buyer. The reckless speed at which they needed the coins reeked of account compromise though. Whatever information btc-e has, they haven't been hasty about disclosing it publicly. Why should they? Trading continues without further flights from the exchange.

The way coins were bought on BTCe today makes me think someone... somewhere... is running a fractional reserve and needed to acquire some BTC fast before being discovered.

Oh definitely, the $10 pump has subsided. After a 80% drop, this.. this is the time to call it quits.

Just seen a quote about this on reddit, thought i would have a look here to see if anyone knows more about it, long shot i know.
It also seems Bitfinex also has some big orders on their order book, volume is picking up!

Coin
Explanation

I think you did a good job, just stick around and check out the different opinions but only trust yourself. Today is so abnormal to say the least.

Yea thanks. I still think Bitcoin is a good investment, that is accepting and buying.

Holding on the other hand and trading, I'm not ready for quite yet.

It's entertaining to watch the price and try to make a few bucks of a daily basis.
I made about 25 dollars after the first month, but now that is all gone (was gonna cash out at 100) and was mostly due to a guy buying my over priced Bitcoin by mistake.

Again. If I get back in i'd probably buy at 215. But just measuring my luck recently, it's a long shot in my own personal life.
Looking at the chances though objectively, it could easily drop 15 bucks if not more.

I do have a pretty strong stomach, but my pockets aren't so deep and my experience is  limited.
I thought i'd try riding the wave so I sold at 221, and thats just about where that wave ended. =/

I've been watching it since last November or so, and I've never seen the drama that has been taking place this last month.

Well no thats not true there was that drop to 156$ around December.

Well it's been educational. 180 dollars I think hasn't been wasted. I've learned a few things, & maybe i'll get it back some day.

I'll still be using my debit card, but i'll just buy coin and send it to the card as I need it.

I just wanted to see if I could cover the cost of conversion with a few trades.

Welcome to the 21st century in the new wild west, folks need steel stomach lining for this kind of thing and it's sad to say this. This move today shook and surprised even the best of the past of us. The average interested party probably lost money today, the above average made a few bucks and the bold super-minority made a nice stake. This might be a first from btc-e.

Coin
Explanation

essentially yes

heh.. i remember that, i was looking at how they put sell wall and price systematically drop. then all the sudden 102usd and everyone goes nuts in the trollbox... 

So you're saying occam's razor?

I'm still waiting for my cheap bitcoins.

I'm not interested in loosing more money. I sold at 221.

If I don't get them... maybe i'll just stop trading...
it wasn't ever my plan anyway, I just wanted a alternative debit card.
Saw the trading interface, thought i'd try it out...

I dunno at least 1/2 the language ya'll are using.

Lost 180$ so far. I doubt i'll get it back.

Most of my BTC was over 245$

So if it doesn't go back down I guess the market doesn't want my trading.

Too bad, cuz I just ordered a trezor.

now i'm thinking maybe bitcoin should be regulated a bit. heh.. =/

that BTC-E exchange totally sucks, I cannot deal with that kind of BS.

Stop over thinking it, just because it wasn't smart doesn't mean some sinister purpose. It could just have been that... not smart.

It's also a whole load more expensive to get fiat in and out. Their fees are pretty enormous probably due to all the third party services they have to use.

BTC-e is the spiritual home of the bizarro bitcoin move. They managed to hit $102 in one monster sell when the going rate was $700 or so in early 2014. This is peanuts in comparison.

That sure was an expensive way to get coins, who has such a great need to remain anonymous that they would pay a premium like that?

Let's say anonymity was the reason for the purchase through BTC-e, why purchase so much at market rate? Why such the rush? They could have remained anon and bought slower and placing multiple bids without jacking the price up over $260.

The whole thing is bizarre.

Russian cyber mafia?