453 and still dumping.
How low will we go this night?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26334. (Read 26720615 times)
August 18, 2014, 07:26:21 PM
August 18, 2014, 07:20:37 PM
Pump and dump #8567... this is why I stopped trading this. You have pump bots and a Junta of dumptards... in normal times these two forces level out towards a slow and steady rise. In high volume, though, you get whipsawed like a mother-----. Don't try to be too cute in your trading. Unless you are the guy who made the bots or part of the dumptard Junta, you will not outsmart either one of them in this type of volume. Let other people be sacrificial lambs.
Just play the obvious rises... the big picture trend. You end up getting 80% of the profit and it becomes a big free money give away. Do not be a degenerate gambler like I have been this week. Please don't do it.
NOTE: That doesn't necessarily mean you shouldn't buy now. We are at a historically good price. Don't lever up either way, though. You'll get uber burnt.
Just play the obvious rises... the big picture trend. You end up getting 80% of the profit and it becomes a big free money give away. Do not be a degenerate gambler like I have been this week. Please don't do it.
NOTE: That doesn't necessarily mean you shouldn't buy now. We are at a historically good price. Don't lever up either way, though. You'll get uber burnt.
August 18, 2014, 07:19:42 PM
Wow, I'm about 20 pages behind but I wanted to post so I will know when I catch up, lol...
This thread is always so much better when the price is moving. My greatest thanks to all those responsible for keeping the price as low as possible for as long as possible.
This thread is always so much better when the price is moving. My greatest thanks to all those responsible for keeping the price as low as possible for as long as possible.
August 18, 2014, 07:06:32 PM
I'll be honest, I never felt more fear than today. I screwed most of my awesome net worth from March and looking it bleeding even more is frightening. I laughed all crashes before, even when I had nothing almost, but this time is diferrent as those old numbers are making me going through the mare, I was just one little step from dreams and now it looks far away 
Hopefully, that means time for reversal
Hopefully, that means time for reversal
If you didn't lose coins I wouldn't worry a lot long term... if you did, this is problem x 2.
Hm, yes and no. I took some losses, cashed out some but most are locked in bad alts/fees investment. I had 500 BTC at one point, I have 70 BTC available now, and probably 300+ locked in losing trades. Very losing trades, may I add
So all, in all, I could collect maybe 150 btc max now, and not fast as I could crash some stuff to oblivion if I'd cash out :p.
But honestly, there is only one investment that is bothering me. That was like 140 btc and now is at 30 max. I was cool with others going down, and kinda expected it after some time, but this one wasn't suppose to happen and I am angry on myself that I failed to went out on time when it did. I seriously couldn't care about bitcoin price if I had those 140 btc now, I'd be pretty fine with 200+ available btc.
Yeah, I might be good in long term, it's the time between I am worried about, lol
Sorry about your luck. Sounds like you just diversified your btc waaaayyyy too much, and into too many higher risk options.
Something like that. Well.. easy come, easy gone, hopefully I'll recover to my highs again, or at least close to them
August 18, 2014, 07:06:30 PM
But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. 
I am pretty sure that it is because fake exchange order bots can't or don't arbitrage.
Hey, I am not picking on the bots... they'll make us money in the upswing... but if you ever have a question about there being fake exchange order bots throw away a small sum of money on Bitfinex in LTC... you can test and confirm the manipulation for yourself under $10.
August 18, 2014, 07:03:14 PM
But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. The pump bots on Finex and Stamp are getting exposed. You have another exchange that is trading $30 off of you and there is close to zero volume and the price has jumped a steady 15 points.
On the plus side, it makes it so that ever shorting the market will be a fools errand... which only reinforces upward pressure.
Thus, once we confirm a bottom... the good times will roll!
August 18, 2014, 07:02:59 PM
Daily candle closed. Daily RSI positive divergence confirmed. Should help the bounce.
I don't think we will see sub-400 again.
August 18, 2014, 07:02:47 PM
Looks like we got a breather for now. Not convinced this is over yet, though. Bearish me expects a low of around $380 within the next 2 weeks.
That's very bearish. I don't think we will see sub-400 again.
It'd still be a (marginally) higher low compared to April, so, not the most bearish scenario conceivable, imo.
August 18, 2014, 07:02:35 PM
But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. August 18, 2014, 07:00:55 PM
Looks like we got a breather for now. Not convinced this is over yet, though. Bearish me expects a low of around $380 within the next 2 weeks.
That's very bearish. I don't think we will see sub-400 again.
August 18, 2014, 06:59:33 PM
August 18, 2014, 06:59:28 PM
Looks like we got a breather for now. Not convinced this is over yet, though. Bearish me expects a low of around $380 within the next 2 weeks.
August 18, 2014, 06:54:19 PM
But man, nobody is filling that btce arbitrage gap, market is in shocking state.
Been watching that most of the day wondering why its gap stays significantly profitable. Reminds me of GOX too much. August 18, 2014, 06:53:03 PM
Bitcoin at these prices now is the kind off steal you tell your grandchildren about later.
ya sell it back to them for 10000X Muahahahaha
August 18, 2014, 06:51:25 PM
im hoping the price stays low for 5 more days as i need to buy btc
secretly hoping that to
There may be a mini bubble mid-September. Otherwise, I anticipate 6 months to a year of sideways movement. March 2015 is the most likely period for the next major bubble.
August 18, 2014, 06:51:09 PM
But man, nobody is filling that btce arbitrage gap, market is in shocking state.
This. The bounce back on the other exchanges isn't real. It is just pump bots driving up the price. We still haven't retested the bottom. The last bottom will probably hold, though. But it is totally untradeable right now. I mean, if you are shorting you expose yourself to timing and price picking issues for a mere $20 profit per coin. If you are buying or long you expose yourself to a chance of a Finex flash crash (although, since we stabilized at least, that is less likely). Moreover, if Finex crashes and the other exchanges break 420 in the panic, then hell does break loose (even less likely).
It's just really untradeable. If you are nowhere near your margin points then good. We'll have quite a fine bounce back once we all have agreed on the bottom.
August 18, 2014, 06:50:09 PM
Bitcoin at these prices now is the kind off steal you tell your grandchildren about later.
August 18, 2014, 06:47:00 PM
I'll be honest, I never felt more fear than today. I screwed most of my awesome net worth from March and looking it bleeding even more is frightening. I laughed all crashes before, even when I had nothing almost, but this time is diferrent as those old numbers are making me going through the mare, I was just one little step from dreams and now it looks far away
Hopefully, that means time for reversal
Hopefully, that means time for reversal
If you didn't lose coins I wouldn't worry a lot long term... if you did, this is problem x 2.
Hm, yes and no. I took some losses, cashed out some but most are locked in bad alts/fees investment. I had 500 BTC at one point, I have 70 BTC available now, and probably 300+ locked in losing trades. Very losing trades, may I add
So all, in all, I could collect maybe 150 btc max now, and not fast as I could crash some stuff to oblivion if I'd cash out :p.
But honestly, there is only one investment that is bothering me. That was like 140 btc and now is at 30 max. I was cool with others going down, and kinda expected it after some time, but this one wasn't suppose to happen and I am angry on myself that I failed to went out on time when it did. I seriously couldn't care about bitcoin price if I had those 140 btc now, I'd be pretty fine with 200+ available btc.
Yeah, I might be good in long term, it's the time between I am worried about, lol
Sorry about your luck. Sounds like you just diversified your btc waaaayyyy too much, and into too many higher risk options.
August 18, 2014, 06:43:35 PM
But man, nobody is filling that btce arbitrage gap, market is in shocking state.
August 18, 2014, 06:40:47 PM
im hoping the price stays low for 5 more days as i need to buy btc
secretly hoping that to
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