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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29834. (Read 26710720 times)

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...
How were you awake? I was fast asleep at 4:00 AM.

It was 1:00 PM here in germany... The more worse thing is, I thought we´ll go back to deep 600´s again and sold 40 coins @689 (bought them at 680 3 days ago) and now we go up... I hate speculating, was wrong each time...

The great thing about BTC is long term you'll be a winner...that's why HODL is so popular here.

I have 50% coins wich I will HODL forever but new cash arrived @stamp last week and so I wanted to speculate a bit and make some extra coins but it went wrong again... Hope stamp will go back again under 650

i'll be buying at that price too ( if given the opportunity....)
legendary
Activity: 2186
Merit: 1213
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...
How were you awake? I was fast asleep at 4:00 AM.

It was 1:00 PM here in germany... The more worse thing is, I thought we´ll go back to deep 600´s again and sold 40 coins @689 (bought them at 680 3 days ago) and now we go up... I hate speculating, was wrong each time...

The great thing about BTC is long term you'll be a winner...that's why HODL is so popular here.

I have 50% coins wich I will HODL forever but new cash arrived @stamp last week and so I wanted to speculate a bit and make some extra coins but it went wrong again... Hope stamp will go back again under 650
full member
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...
How were you awake? I was fast asleep at 4:00 AM.

It was 1:00 PM here in germany... The more worse thing is, I thought we´ll go back to deep 600´s again and sold 40 coins @689 (bought them at 680 3 days ago) and now we go up... I hate speculating, was wrong each time...

The great thing about BTC is long term you'll be a winner...that's why HODL is so popular here.
legendary
Activity: 2186
Merit: 1213
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...
How were you awake? I was fast asleep at 4:00 AM.

It was 1:00 PM here in germany... The more worse thing is, I thought we´ll go back to deep 600´s again and sold 40 coins @689 (bought them at 680 3 days ago) and now we go up... I hate speculating, was wrong each time...
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
sr. member
Activity: 644
Merit: 250
Btc-e under stamp, is that the new bear in town ?
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1512
Merit: 1000
@theshmadz
I am talking about leveraged longs. BTC-E is a leverage trading platform via Meta Trader. Pretty sure this was a string of forced liquidations.
They should not allow monstrous leveraged positions to be build up that are larger than their own thin order book, this is just insane.

Right, Btc-e is taking Huge risk , they are GAMBLING with Customers USD deposits by allowing 1:3 leverage. If those are indeed forced liquidations, btc-e suffered millions in loss.

OK, I stand corrected, this is the most probable thesis I have heard so far...

Still way behind and trying to catch up.
legendary
Activity: 2324
Merit: 1125
annnnd we're back where we were yesterday. This might have actually been a good thing, weak hands definitely shaken.

>$100 below Friday though.
legendary
Activity: 1260
Merit: 1000
Drunk Posts
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...

I slept through it all, panic hodling hard.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
the amount of btc that is frozen on gox now (even more because of the gox legendary bid depth and anticipation of large selloffs on mondays news and in general!!!), will take us to a new ath very soon lol.

well played mark!

well played!

Not only thus, but thanks to Mark, all the capitulation overhang has been wrung out of the market.  We can invest without fear now, thanks to Mark.  Mortgage your spouses and call the loan shark!
sr. member
Activity: 378
Merit: 250
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...
How were you awake? I was fast asleep at 4:00 AM.
legendary
Activity: 2186
Merit: 1213
Lol am I the only one who made not $1 profit from this dip? Missed the 500´s because I thought we go way more down and in seconds we were back at 630 so I thought it will be a mistake to buy because we´ll go under 500 after that jump and now we´re back there where we were yesterday...
hero member
Activity: 910
Merit: 1003
annnnd we're back where we were yesterday.

Not clear yet... Bitstamp has recovered but on a very thin volume and not very strong bid support.  Other exchanges are still quite a bit lower than pre-crash levels.  Bitstamp is also higher than Huobi/OKCoin at the nominal exchange rate; it used to be lower. 
full member
Activity: 210
Merit: 100
Lazy, cynical and insolent since 1968
I have to say, while I've always known BTC is one resilient bad ass, i never realised quite how much.

I'm wondering if the events of the last 24 hours have sunk in really: the "major" BTC exchange has failed completely and tried to discredit the entire BTC protocol, rather than admit their own incompetentcy.

BTC fell, shrugged and we are now back over $700.

This is resilience.  Impressive isn't it.

I really wish all the little fappers would stop fapping their little "look it fell to 102" charts and go invest in the NASDAQ or somewhere else.
legendary
Activity: 1596
Merit: 1030
Sine secretum non libertas
CryptoGirl82  predicted a drop to 100 before BTC-E painted 102.

February 11th spike top coming, as previously predicted by PoolMinor.

This is getting creepy.
legendary
Activity: 1512
Merit: 1000
@theshmadz

it was probably a trader that stayed up all night to read the gox update, when it finally came in, he thought this is it the protocol is broken, and sold in a panic thinking the price would not bounce back because "this is the end of bitcoin"

and yes traders should have low ball orders for panic sells like this

probably wouldn't do much for the price, but it will mean cashing in on retarted panic sells

To be honest we have grown 2 orders of magnitude, and when you trade in a foreign currency you sometimes make mistakes.

I think he hit sell at $60 not 600 thinking mBTC.  I think he is OK. Got most of his order filled at a good price. Definitely lack of sleep.

wow, I think this is the most likely scenario I have heard. (Adrian's hypothesis, not Adam's)  I have once done the same sort of thing, hitting buy instead of sell, and your buy price is so low that all your coins go poof! I can imagine a scenario where someone who is long on fiat wants to put in a nice lowball order like buy 1000 bitcoin for 100 each. Instead he hits sell 1000 bitcoin for 100 each.

I've done it once, luckily I trade in 0.1 bitcoin increments, and btw, I hate all that mBTC "we need to change the standard so people can understand it easier"... maybe it will become the case in the future, but anyone playing with bitcoin right now needs to at minimum be able to understand the decimal system

(appologies, but while we're at it, could we please get the Europeans to just adopt the . as the decimal? and not the comma? like, 1.000.000,00 is just the wrong way to depict a million dollars. - sorry bout decimal rant)
legendary
Activity: 1106
Merit: 1007
Hide your women
That was the bottom of the bear market. I've seen it several times before and that's what it looked like.  You can quote me on that.

the scary part is that ask depth hasn't grown all that much...

this leads me to believe there are still plenty of gains to be had, and we will put in a new and much higher ATH, in the near future


FUD be damned,

we are going to mars even if  Mr Putin didn't Put in anything

Putin will lose some popularity points if he causes Russians to miss out on this.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
legendary
Activity: 1680
Merit: 1045
That was the bottom of the bear market. I've seen it several times before and that's what it looked like.  You can quote me on that.

LOL. All big dumps from here on out will be profit taking and not people cutting their losses. The weak hands lost their grip and gave us their coins. We're coming out of the valley and onto the plains, building up speed for the next mountain range.
There haven't been any cheap coins if you are trying to purchase from Coinbase. They are still at $700 aside from the 5 minutes this early morning (Eastern Time) when they went down.

There was a period where they were in the 630s. I bought a little and went back to sleep. Americans don't cower when we get scared. We find somebody's ass to kick.

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