Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26432.

Newbie1022

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Quote from: wachtwoord on August 18, 2014, 05:00:37 AM

Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.

They'll be a quick bounce back (especially if we hit a spot that is so far beyond a doubt a bottom). We have leverage and we have zealots -- of course they'll be a quick bounce back. Further, Coinbase is selling people coins at Friday's price... this means Coinbase thinks Friday's price is equal to or higher than the present price.

Dump3er

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Quote from: adamstgBit on August 16, 2014, 06:56:54 PM

more then 1K BTC to 515, still think its a trap?

Yes!

podyx

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wachtwoord

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Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

Newbie1022

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Quote from: JayJuanGee on August 18, 2014, 04:52:13 AM

Quote from: Threebits on August 18, 2014, 01:29:55 AM

Quote from: Ozziecoin on August 18, 2014, 12:40:34 AM

Did anybody notice the China sell off?

My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there? Thanks.

It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm.

The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.

What's your average costs, approximately? Mine is about $609 (atm), and yes average cost (being in the red or the black) does affect thinking and behavior...

No leverage, right? I think you gotta hang in there, buddy. You've taken the worst of it up to this point. Even if there is a flash crash that would happen at about 455/450 and we'd stabilize around 430. I doubt, at that point, they'd be able to continue hunting margins even lower than the low 400s range... there'd be too much buy pressure.

So, that's probably the worst case scenario. The best cast is we found a bottom and you didn't move in and out with the incidental costs/slippage that come with not knowing where the bottom is.

So yes, if no leverage, hold tough. If leveraged, maybe still... but that's rough.

fonzie

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@JayJuanGee

Better cut your loose before it´s too late!

Hunyadi

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☑ ♟ ☐ ♚

https://www.youtube.com/watch?v=VF-iOSaWeXU#t=117

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Threebits on August 18, 2014, 01:29:55 AM

Quote from: Ozziecoin on August 18, 2014, 12:40:34 AM

Did anybody notice the China sell off?

My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.

Any other views out there? Thanks.

It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm.

The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.

What's your average costs, approximately? Mine is about $609 (atm), and yes average cost (being in the red or the black) does affect thinking and behavior...

Newbie1022

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Quote from: hyphymikey on August 18, 2014, 04:45:31 AM

Quote from: Wandererfromthenorth on August 18, 2014, 04:39:59 AM

Quote from: hyphymikey on August 18, 2014, 04:34:47 AM

Unable to buy on BFX Angry

What do you mean? does it say "insufficient balance"? what happens?

Bitfinex is showing many red flags lately Sad

I have a very sufficient balance. I try to buy on margin lower than my balance, it says "order has been placed" but only buys .002 btc for me when Im ordering a lot more. The fact that order goes through, but only buys a tiny bit, and doesn't show the rest pending is frustrating. Second attempt with my balance pretty much unchanged it says "order has been placed" and nothing goes through at all. After repeated attempts I moved all of my funds out of there. Maybe the Margin Hunter is clogging their system lol.

/rant

That was happening to me with orders, too. Then, a couple hours later, even though it said I had no active orders, phantom orders appeared (and conveniently not to my advantage). They've been finding ways to lose me money all day long. I now have a single position and I am not touching it. If I lose, I lose. If I win, I win. But I am tired of dealing with their engine. It's really screwed up today.

(Mind you... tons of volume and a policy change day... still, seriously pissing me off... I do a good enough job losing my own money).

Teppino

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bitcoin hates walls

Bitfinex altered the regular offer/demand equilibrium by tweaking the trading algorithm, it was granted that market, by means of someone more clever than them, found a way to exploit it. They also declared they're constantly changing it, i guess out of fear, but it seems market is adapting faster than they could handle.
In another thread (https://bitcointalksearch.org/topic/m.8335904) i guessed that August could be the right month to perform a cheap(er) manipulation.
But a question now arise, who actually have:
- the statistical knowledge to determine the right moment to perform (which include near perfect market statiscal mapping and geolocalization of users and their trading habits)
- a valid reason to do it
- the economic power to perform

My guess is another exchange, or a cartel of them.

hyphymikey

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Quote from: Wandererfromthenorth on August 18, 2014, 04:39:59 AM

Quote from: hyphymikey on August 18, 2014, 04:34:47 AM

Unable to buy on BFX Angry

What do you mean? does it say "insufficient balance"? what happens?

Bitfinex is showing many red flags lately Sad

I have a very sufficient balance. I try to buy on margin lower than my balance, it says "order has been placed" but only buys .002 btc for me when Im ordering a lot more. The fact that order goes through, but only buys a tiny bit, and doesn't show the rest pending is frustrating. Second attempt with my balance pretty much unchanged it says "order has been placed" and nothing goes through at all. After repeated attempts I moved all of my funds out of there. Maybe the Margin Hunter is clogging their system lol.

/rant

Newbie1022

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Quote from: hyphymikey on August 18, 2014, 04:34:47 AM

Unable to buy on BFX Angry

They may have effectively spotted you some cheaper coins, though (my situation didn't have quite the same happy ending, unfortunately). It looks like the margin hunting dumptard and his sell wall have returned to the scene.

fonzie

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Quote from: podyx on August 18, 2014, 04:35:27 AM

This constant dumpning is fucking frustrating!! Sad

this thing goes wrong, im losing alottsa cash Undecided

BETTER SELL NOW OR LOOSE EVERYTHING: aka C Y L

Newbie1022

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Quote from: hyphymikey on August 18, 2014, 04:34:47 AM

Unable to buy on BFX Angry

That f---ing site. I swear to God. Couldn't short earlier today... you're saying you can't buy now. Jeebus.

P.S. -- No, I don't think they are a scam or Gox... there are just some issues and you also get nickled and dimed pretty well. But, like everything else, a work in progress.

Wandererfromthenorth

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Quote from: hyphymikey on August 18, 2014, 04:34:47 AM

Unable to buy on BFX Angry

What do you mean? does it say "insufficient balance"? what happens?

Bitfinex is showing many red flags lately Sad

Newbie1022

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Activity: 238

Merit: 100

Quote from: podyx on August 18, 2014, 04:35:27 AM

This constant dumpning is fucking frustrating!! Sad

this thing goes wrong, im losing alottsa cash Undecided

I think even us taking shorts at this point are finding new and interesting ways to lose money with the fluctuations. These are tough times, but if you have even a little cash you'll make it back on the inevitable bounce back. Do not despair, friend.

jeezy

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Quote from: podyx on August 18, 2014, 04:35:27 AM

This constant dumpning is fucking frustrating!! Sad

this thing goes wrong, im losing alottsa cash Undecided

Shaky hands spotted! SELL SELL SELL!

mmortal03

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Quote from: rpietila on August 18, 2014, 04:25:13 AM

Quote from: fonzie on August 18, 2014, 03:50:38 AM

If Bitcoin will continue to fall for a few more weeks/months the ALT-scene will get nearly wiped out. I will shed no tears

Yes, it is such a feast now for the ones buying alts that are independent of BTC, yet get double hammering due to BTC. Monero comes to mind Grin

Darkcoin and Cloakcoin have been getting killed much more lately. Monero just needs that darn monerochain.info fully synced again ASAP so the market cap figures are correct, then I'll be happy. It's moving slow -- up to 3 months ago at the moment.

podyx

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This constant dumpning is fucking frustrating!! Sad

this thing goes wrong, im losing alottsa cash Undecided

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