Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23744.

42t

newbie

Activity: 44

Merit: 0

Quote from: billyjoeallen on January 06, 2015, 08:53:36 PM

Best case scenario is that Coinbase went down due to overwhelming buying. I doubt that's really the case but it's possible. If people really were naked short-selling, then there will be (and possibly is) a scramble to find coins in order to cover.

Very optimistic, but I had the same thought as well. It's possible, but either way we will probably hear about it in the next 24 hours.

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Bitfinex

Explanation

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

I'm still expecting a plunge to as low as $220, but I'm buying anyway. These prices are just too low to pass up. I just don't think there was enough volume in the bounce off of $255 for it to be a final bottom. Worst case scenario is cascading margin calls that drop us to $200. Unlikely but possible. Ironically Stamp's suspended operations has given me and I suspect others time to pad our margins. It also halted some panicked people.

A successful retest of $255 where it holds on even higher volume means a very likely end of the bear market, but it's way too soon to call it. Best case scenario is that Coinbase went down due to overwhelming buying. I doubt that's really the case but it's possible. If people really were naked short-selling, then there will be (and possibly is) a scramble to find coins in order to cover.

The least likely scenario is we go straight up from here. If that happens, a lot of short positions will be force liquidated causing a massive spike with a major retracement. If that happens, go margin short as close to the top as you can and then cover on the retracement.

shmadz

legendary

Activity: 1512

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@theshmadz

Quote from: Richy_T on January 06, 2015, 08:15:35 PM

Quote from: shmadz on January 06, 2015, 07:38:31 PM

Quote from: Richy_T on January 06, 2015, 07:20:09 PM

Have to say I'm surprised I didn't have to tweak the scaling factor between Stamp and Finex. Quite similar market depths there.

I'm impressed by how stable the finex feed is, no more missing data segments, yet.

I wonder if those problems with the stamp feed were some kind of signal or precursor?

Stamp was actually providing data but it was old, out-of-date data and typically the same old, out-of-date data each time. My interpretation is that they had load balancing caches of some kind and one of them was not updating correctly.

I'm not sure what that said about the state of Stamp but given that people use those feeds to trade and it didn't seem to be that high a priority to get it fixed, I have to think it didn't say anything good. I suspect the rapid price rise over the past two years has put some people a little out of their depth rather quickly.

Thank you for the insight.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: Omikifuse on January 06, 2015, 08:11:42 PM

Quote from: ivyleague1985 on January 06, 2015, 08:08:54 PM

Quote from: BrewCrewFan on January 06, 2015, 08:05:02 PM

Quote from: BlindMayorBitcorn on January 06, 2015, 08:04:26 PM

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down?

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

Down here too

Ditto

COINBASE IS BACK ONLINE NOW!

Sad

Was expecting more cheap coins by panic people Sad

diabLEEca

member

Activity: 61

Merit: 10

Quote from: Omikifuse on January 06, 2015, 08:11:42 PM

Was expecting more cheap coins by panic people Sad

Aren't they cheap since ~~600~~ ~~500~~ ~~400~~ 300 USD/BTC? Huh

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: shmadz on January 06, 2015, 07:38:31 PM

Quote from: Richy_T on January 06, 2015, 07:20:09 PM

Have to say I'm surprised I didn't have to tweak the scaling factor between Stamp and Finex. Quite similar market depths there.

I'm impressed by how stable the finex feed is, no more missing data segments, yet.

I wonder if those problems with the stamp feed were some kind of signal or precursor?

Stamp was actually providing data but it was old, out-of-date data and typically the same old, out-of-date data each time. My interpretation is that they had load balancing caches of some kind and one of them was not updating correctly.

I'm not sure what that said about the state of Stamp but given that people use those feeds to trade and it didn't seem to be that high a priority to get it fixed, I have to think it didn't say anything good. I suspect the rapid price rise over the past two years has put some people a little out of their depth rather quickly.

ivyleague1985

newbie

Activity: 56

Merit: 0

It is highly likely that the same group hacked the bitstamp and DDOSed the coinbase. To manipulate the price and earn maximum profit, criminals can do anything such as trolling, stealing and hacking.

But the bottomline is: don't offend the national interests of the USA. If some terrorists hacked the nasdaq and NYSE, I assume that the US navy seals will hunt them to death.

Currently, bitcoin is a small cap market and Uncle Sam could't care less about it. But if one day it grows to more than $500 bn large, all the hackers will be sentenced just as terrorists.

Omikifuse

legendary

Activity: 1862

Merit: 1009

Quote from: ivyleague1985 on January 06, 2015, 08:08:54 PM

Quote from: BrewCrewFan on January 06, 2015, 08:05:02 PM

Quote from: BlindMayorBitcorn on January 06, 2015, 08:04:26 PM

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down?

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

Down here too

Ditto

COINBASE IS BACK ONLINE NOW!

Sad

Was expecting more cheap coins by panic people Sad

42t

newbie

Activity: 44

Merit: 0

Quote from: ivyleague1985 on January 06, 2015, 08:08:54 PM

Quote from: BrewCrewFan on January 06, 2015, 08:05:02 PM

Quote from: BlindMayorBitcorn on January 06, 2015, 08:04:26 PM

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down? http://i58.tinypic.com/o5uhbq.png

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

Down here too

Ditto

COINBASE IS BACK ONLINE NOW!

Wonder if that was a DDOS from the same character as before?

Eamorr

sr. member

Activity: 280

Merit: 250

Still not back in some regions.

ivyleague1985

newbie

Activity: 56

Merit: 0

Quote from: BrewCrewFan on January 06, 2015, 08:05:02 PM

Quote from: BlindMayorBitcorn on January 06, 2015, 08:04:26 PM

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down? http://i58.tinypic.com/o5uhbq.png

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

Down here too

Ditto

COINBASE IS BACK ONLINE NOW!

luckygenough56

legendary

Activity: 1526

Merit: 1012

INSIDER SHEET ALWAYS

ivyleague1985

newbie

Activity: 56

Merit: 0

Before coinbase' offline, some bears swear that the dump will begin in 2-3 hours. It seems each time any exchange got any problem, bears will always know it ex ante. Are they almighty god or did they attack the exchanges on their own?

BrewCrewFan

hero member

Activity: 672

Merit: 501

Quote from: BlindMayorBitcorn on January 06, 2015, 08:04:26 PM

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down?

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

Down here too

Ditto

derpinheimer

legendary

Activity: 896

Merit: 1000

Quote from: ivyleague1985 on January 06, 2015, 08:02:56 PM

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down?

It is down to me.

Dump ALL the bitcoins.

BlindMayorBitcorn

legendary

Activity: 1260

Merit: 1116

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down?

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

Down here too.

Edit: the square world can't handle Bitcoin. It keeps busting through their primative machines!

ivyleague1985

newbie

Activity: 56

Merit: 0

Quote from: 42t on January 06, 2015, 08:01:28 PM

Could be jumping the gun here, but is Coinbase down? http://i58.tinypic.com/o5uhbq.png

It is down to me.

42t

newbie

Activity: 44

Merit: 0

Could be jumping the gun here, but is Coinbase down? http://i58.tinypic.com/o5uhbq.png

EDIT: It now reads this: Coinbase is currently offline

No cached version is available.

The most likely causes:

The server is down for maintenance
There may be a network problem
The site may be experiencing excessive load
Retry for a live version of the site

We'll post updates on Twitter if the problem persists

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Bitfinex

Explanation

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23744. (Read 26714038 times)