the thing is that BTC will probably survive and maybe even "change the world", but for now it might be just way overpriced at the eyes of traders investors and the masses.
Some people say "the blockchain is understructible", " long term fundamentals are too good", "amazing news lately", but that doesn't change the fact that maybe BTC needs a total "price reset", and it doesn't necessarily mean it will die.
Maybe China pumped and dumped too hard during the last bubble, maybe Markus and Willy (the bots) really had a big impact on BTC price, who the hell knows.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26410. (Read 26732207 times)
August 18, 2014, 04:09:31 PM
August 18, 2014, 04:08:49 PM
the thing is that BTC will probably survive and maybe even "change the world", but for now it might be just way overpriced at the eyes of traders investors and the masses.
Some people say "the blockchain is understructible", " long term fundamentals are too good", "amazing news lately", but that doesn't change the fact that maybe BTC needs a total "price reset", and it doesn't necessarily mean it will die.
Maybe China pumped and dumped too hard, maybe Markus and Willy (the bots) really had a big impact on BTC price, who the hell knows.
Some people say "the blockchain is understructible", " long term fundamentals are too good", "amazing news lately", but that doesn't change the fact that maybe BTC needs a total "price reset", and it doesn't necessarily mean it will die.
Maybe China pumped and dumped too hard, maybe Markus and Willy (the bots) really had a big impact on BTC price, who the hell knows.
August 18, 2014, 04:08:03 PM
when all cower in fear
WE REMAIN!
WE REMAIN!
nice to see you are not dumping into the whales sharp teeth!!! =)
ot# ..our bitcoin : BitcoinInstant( BTI : BTC) *[-FOREX-]* is live!! ====> https://bittrex.com/Market/Index?MarketName=BTC-BTI
+good to see you are a hodler!!!!
August 18, 2014, 04:07:48 PM
So for people who wasn't here in 2011 when the price collapsed 97%.. Well this is your turn. Enjoy! Get out now, seriously. China is leaving, gox is gone (with the fake bots), adoption is at a negative rate. It's over for now folks. Perhaps it will find support in double digit area.
August 18, 2014, 04:07:42 PM
im a newb but the crash isn't going to stop me from mbuying a bigger miner 
August 18, 2014, 04:05:47 PM
We must hear some news soon, it's too strong selling without something behind it.
Btc-e is completely mental, 30$ below everyone.
Btc-e is completely mental, 30$ below everyone.
This. Where is the news? Why the sudden dumps?
Why?
Why?
and also, Why?
Two possibilities as far as I can tell. Massive manipulation or someone got wind of some bad new early. If you got wind of bad news early why would you insta dump that many btc all at once on two separate exchanges when you had time to slowly unload your position? And who would dump that much BTC on BTC-e and expect to reliably get fiat in return if someone was cashing out?
August 18, 2014, 04:04:32 PM
We must hear some news soon, it's too strong selling without something behind it.
Btc-e is completely mental, 30$ below everyone.
Aren't alway below other exchanges there?Btc-e is completely mental, 30$ below everyone.
they are 7-8$, this is mental. Everyone is scared to shit after that flash crash.
August 18, 2014, 04:03:55 PM
Theres more than a $20 premium on cavirtex.com (its lagging) happy arbing!
Bump currently a $50 arb... damn those canadians love them bitcoins.. not willing to sell!
nope.
i just bought some @ 501.99
thinking of buying myself a souvenir of my stay here in bitcoin world
its to bad it had to end this way...
BTC = ^looks like a bull in heat !!! ;-)
August 18, 2014, 04:03:38 PM
this catastrophic price movement (i am losing a fortune)
The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago.What are you doing so wrong that you're losing a fortune under these circumstances?
correct. it was only virtual.
bought way lower than 458, but it still hurts
did you buy any above 458?? sell any?
August 18, 2014, 04:02:40 PM
this catastrophic price movement (i am losing a fortune)
The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago.What are you doing so wrong that you're losing a fortune under these circumstances?
correct. it was only virtual.
bought way lower than 458, but it still hurts
August 18, 2014, 04:02:30 PM
We must hear some news soon, it's too strong selling without something behind it.
Btc-e is completely mental, 30$ below everyone.
Aren't alway below other exchanges there? Btc-e is completely mental, 30$ below everyone.
August 18, 2014, 04:01:50 PM
at least you didnt register this account today.
August 18, 2014, 04:00:51 PM
Bump currently a $50 arb... damn those canadians love them bitcoins.. not willing to sell!
A $50 Arb to where? It's like you forgot about this thing called exchange rates.
August 18, 2014, 04:00:12 PM
Theres more than a $20 premium on cavirtex.com (its lagging) happy arbing!
Bump currently a $50 arb... damn those canadians love them bitcoins.. not willing to sell!
nope.
i just bought some @ 501.99
thinking of buying myself a souvenir of my stay here in bitcoin world
its to bad it had to end this way...
August 18, 2014, 04:00:03 PM
Wow, what an interesting revelation you've stumbled across. We've never seen that one before /sarcasm.
Another noob account for the "list". I'm truely on a roll today.
August 18, 2014, 03:59:33 PM
August 18, 2014, 03:58:32 PM
We must hear some news soon, it's too strong selling without something behind it.
Btc-e is completely mental, 30$ below everyone.
Btc-e is completely mental, 30$ below everyone.
0.01BTC says its goes something like "chain is banning bitcoin"
August 18, 2014, 03:57:59 PM
Theres more than a $20 premium on cavirtex.com (its lagging) happy arbing!
Bump currently a $50 arb... damn those canadians love them bitcoins.. not willing to sell!
August 18, 2014, 03:56:49 PM
We must hear some news soon, it's too strong selling without something behind it.
Btc-e is completely mental, 30$ below everyone.
Btc-e is completely mental, 30$ below everyone.
August 18, 2014, 03:56:01 PM
It's because in the whales' quest for margin call hunting (first Bitfinex, then BTC-e), they have effectively killed the market, killed off all confidence in it now. No sharp bounce from a local bottom like they expected, no strong support signal like we had in April. Completely reversing all the upward progress and momentum from mid- May.
People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
Looking at the charts, it looks a lot like 2011.
Post of the day.
Mt. Gox is also part of the problem. Most people are unwilling to leave fiat on an exchange, so there is a 4 business day lag before new buying can start.
Yeah, bullshit post of the day. There are no "whales" manipulating the market. It's third party payment processors like coinbase and bitpay liquidating their customer's coins, along with investors losing faith in the market. It's really that simple.. more sellers than buyers, along with ~3600 new coins minted EVERY.SINGLE.DAY.
But because so many people here put their heart and souls into this technology, they need to believe that it was some kind of conspiracy working against them. Ridiculous.
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