Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered 
If panic, panic first.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27219. (Read 26709456 times)
June 12, 2014, 05:59:49 PM
If panic, panic first.
June 12, 2014, 05:58:22 PM
Damn, I was just about to panic sell but by the time I got my 2 BTC out of cold storage, the price recovered
June 12, 2014, 05:57:44 PM
Is that a handle forming on 3 day chart?
June 12, 2014, 05:57:27 PM
What are the bad news that makes the price falls?
Where do u live ?
FBI selling SR seized coins
.That´s not true. Legally they can´t sell them on an exchange, only in an auction... And why it´s bitstamp 550 and huobi 600? That makes no sense.
The market sells in anticipation of auction buyers liquidating coins on exchanges for arbitrage. Keep in mind that market prices are the prices of "tomorrow", not today.
The thing is, bidding hasn't begun yet, and bids will likely be weighed against market price at the time of bidding (assuming arbitrage was the goal). Bidders must factor in risk of what other bidders are going to do with the coins, or market movements in the days it takes between bidding and taking possession.
In my opinion, the market has already overreacted to this news, meaning I think the price is lower right now than it will be in 3 weeks or so. 30k coins might seem scary for someone who's staring at a chart on one exchange and imagining them all coming down at once, but that's nowhere near the reality. I'd be surprised if half of them come down at once, and even more surprised if that were all on a single exchange, let alone any exchange at all. Half of them represents about 4 days worth of new bitcoins from mining alone.
If you haven't sold into the panic yet, you're probably too late to capitalize. Maybe you'll get another shot as distribution day approaches, maybe not. If you DID panic sell, start looking to get back in, because it's probably not going to get much better. Take your profits, pat yourself on the back.
what do you think of the possibility that this was just some large holders liquidating to get their funds in order to place bids on the auction?
June 12, 2014, 05:56:40 PM
its not over yet. dump bot on stamp is still selling.
but there are strong buyers too.
but there are strong buyers too.
June 12, 2014, 05:55:22 PM
Did anyone see -- was the moving wall (~1300BTC) eaten or removed? I sure hope it got eaten XD
Partly.
I got this low: 550.65
Already SODL
Cool, thx. Hope that manipulator has to buy back at a loss
My 620 order went through 
Has anyone else bought?
Has anyone else bought?
I dont understand, you had a buy at $620? I guess I dont follow why you are excited about that, but good luck to you.
June 12, 2014, 05:54:25 PM
Go down finex! Why u sleepin at 596! Dammit
June 12, 2014, 05:53:31 PM
The exchanges are fine. It's this thread that has decoupled from them. 
June 12, 2014, 05:53:10 PM
My 620 order went through
Has anyone else bought?
Has anyone else bought?
Put one now for 520$ it will happen again . And then PUMP TO THE MOON!
June 12, 2014, 05:52:08 PM
Bears obviously forgot we are in a bullmarket now
Permabulls like myself controls the field now, make yourself a favour and just hold!
Permabulls like myself controls the field now, make yourself a favour and just hold!
June 12, 2014, 05:51:42 PM
My 620 order went through
Has anyone else bought?
Has anyone else bought?
June 12, 2014, 05:51:28 PM
Here we go down again! FASTEN YOUR SEAT-BELTS!
June 12, 2014, 05:50:40 PM
Did anyone see -- was the moving wall (~1300BTC) eaten or removed? I sure hope it got eaten XD
Partly.
I got this low: 550.65
Already SODL
June 12, 2014, 05:49:33 PM
It will not end here. Beware of another bear trap.
They are creating a 'bull trap' into a bear trap.
Such manipulation
many wow
jelly
June 12, 2014, 05:49:14 PM
What are the bad news that makes the price falls?
Where do u live ?
FBI selling SR seized coins
.That´s not true. Legally they can´t sell them on an exchange, only in an auction... And why it´s bitstamp 550 and huobi 600? That makes no sense.
Say that again : http://www.usmarshals.gov/assets/2014/bitcoins/
June 12, 2014, 05:49:10 PM
Typical bulltrap unfortunately :/ Best case scenario now is sideways to stop this mess
June 12, 2014, 05:48:35 PM
Did anyone see -- was the moving wall (~1300BTC) eaten or removed? I sure hope it got eaten XD
June 12, 2014, 05:48:29 PM
It will not end here. Beware of another bear trap.
June 12, 2014, 05:48:23 PM
What an over reaction though, its not that many coins and how many of the blocks are really gonna be insta sold.
June 12, 2014, 05:47:29 PM
Really? One in seven readers of this thread thought that last correction would take us to <$25?
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