Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29848. (Read 26710408 times)

legendary
Activity: 1680
Merit: 1045
I hate to brag, but I caught the knife on stamp to the cent

hell yeah mofo Smiley

edit, and that bid was placed over a month ago.

I CAN HAZ GIFT OF FORSITE PLZ
hero member
Activity: 728
Merit: 540
best Bitcoin-day ever !
legendary
Activity: 1036
Merit: 1000
Nighty Night Don't Let The Trolls Bite Nom Nom Nom
I'm just wondering if the one who sold 8.5k BTC with a market order on BTC-E taking the price down to $102 is a mentally challenged trader who went full retard or just a poor guy who got his account hacked.

He lost MILLIONS to the lucky bastards that had bids down to $100 on BTC-E. Somebody six-folded his money in a couple of seconds.

member
Activity: 107
Merit: 10
My thoughts are we have seen the end of coins from Mt Gox.  There will never be another coin that leaves because there aren't any left.  

I think the real question is, how much does that matter?

Lets say the price settles around $700 until gox next announcement (they said Monday they'll have an update, right?), at which time they basically come out and confirm they're done.  What would that do to the price?  As far as I'm concerned, the current rundown is already working under the assumption that any funds locked up in Gox are doomed.  So any official announcement by Gox may result in a very short term reaction downwards, but logically it should bounce back up close to current levels pretty quickly.

Simply put, I think it's a reasonable assumption to think that the current prices already have the worst case Gox scenario priced in (or at least, pretty close to it).  There would still be short term reaction to an official gox announcement, but any fall should see a pretty quick bounce back to current levels (by current, I mean wherever we end up Sunday/Monday before any official statement).

Whereas good news (aka people being able to move BTC out of Gox) would see a huge price spike, with the other exchanges following along at a less extreme, but still upwards, rate.

That said, I'm still hoping for some more downward pressure in the coming days leading up to an announcement by Gox.

And, just like that it happens (didn't exactly announce they're done, but did spread other fud).

Pretty happy to see us bounce right back up near previous levels after Gox fud.  Markets (mainly BTC-E) certainly reacted a little crazier than I expected, but I think it's a rather encouraging sign for the long term value of bitcoin, to see it get smashed hard with deceptive news and have people almost immediately identify it as such and restore most of the value back.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
https://www.mtgox.com/press_release_20140210.html

Quote
Non-technical Explanation:
A bug in the bitcoin software makes it possible for someone to use the Bitcoin network to alter transaction details to make it seem like a sending of bitcoins to a bitcoin wallet did not occur when in fact it did occur. Since the transaction appears as if it has not proceeded correctly, the bitcoins may be resent. MtGox is working with the Bitcoin core development team and others to mitigate this issue.

the plot thickens considerably
sr. member
Activity: 333
Merit: 250
Commander of the Hodl Legions
A lucky guy from another forum had some of those (joke) orders in the 100-200 range at btc-e. He was a well-known anti-bitcoin and refused to buy in for more then $600.

He's still crying out of happiness...
hero member
Activity: 728
Merit: 500
quick executive summary please

Gox blames Bitcoin for its problems. People panic thinking Bitcoin is broken. Price plummets. People realize Gox is full of shit and trying to shift the blame. Price recovers.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Can someone please give me the skinny on what went down and why I see 102 as the low from 7 hours ago?

People panicking and thinking bitcoin is broken due to the Clowns press release , then somebody didn't look how many buy orders were in when he dumped on btc-e.
legendary
Activity: 3388
Merit: 4775
diamond-handed zealot
quick executive summary please
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Bitstamp is back to the niveau before the Gox news Smiley

A lot of pigs got slaughtered.

I'm just wondering if the one who sold 8.5k BTC with a market order on BTC-E taking the price down to $102 is a mentally challenged trader who went full retard or just a poor guy who got his account hacked.

He lost MILLIONS to the lucky bastards that had bids down to $100 on BTC-E. Somebody six-folded his money in a couple of seconds.

Are you implying anything? =))))
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
It's time to get nervous again, bears.

ZOMFG! We dropped to 530 on Stamp.

You forgot?

One week ago this forum was full of: ToDAMOOn slaughting Bears roflcoptr 500$ Coins will never come. 10.000$ n3xt week.

I think it's a good chance that this was the last big drop, but who knows?

...caution is an alien on this board.

Market crashed. 10 Minutes after they are posting dead bears.

Mentally handicapped?

Ok bears, you've got your 6 hours of paranoia , now back to hibernation .
member
Activity: 91
Merit: 10
Can someone please give me the skinny on what went down and why I see 102 as the low from 7 hours ago?


yep, we went to hell.

and back. maybe.

haha that is the extreme skinny, thank you!
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
WTF btc-e droped too 100!

this is wild

any update from gox yet?
legendary
Activity: 1148
Merit: 1018
Bitstamp is back to the niveau before the Gox news Smiley

A lot of pigs got slaughtered.

I'm just wondering if the one who sold 8.5k BTC with a market order on BTC-E taking the price down to $102 is a mentally challenged trader who went full retard or just a poor guy who got his account hacked.

He lost MILLIONS to the lucky bastards that had bids down to $100 on BTC-E. Somebody six-folded his money in a couple of seconds.
legendary
Activity: 2338
Merit: 2106
Can someone please give me the skinny on what went down and why I see 102 as the low from 7 hours ago?


yep, we went to hell.

and back. maybe.
legendary
Activity: 2912
Merit: 6403
Blackjack.fun
Bitstamp is back to the niveau before the Gox news Smiley

Feels like the end of the DarkAges. Smiley
Should we stop using the term Gox and replace it with Clown ?

Or go back to MagicTheGatheringOnlineeXchange

Well , at least today they stood up for their name. They made so many coins and dollars disappear with one single magic trick.
legendary
Activity: 1078
Merit: 1441
Can somebody explain this bears and bulls talk? I´m here for a few months now but never understood what it meant.

bears want think the price to will go down and bulls want think the price to will go up

FIFY

There is one more - pigs - so called because they are greedy pigs...  but, pigs are intelligent creatures, and they do not just thinkthe price may go down or think the price may go up, but theyknow it will do both...   which is a grat thing to know  only problem is pigs think that they
are more intlligent than both the Bulls and the bears... but in reality how often do you see a Bull or a Bear on a dinner plate?  pigs on the other hand nearly alway get slaughtered.  Quite a lot of the people claiming to be bears are in fact pigs dressed up as bears.

 

member
Activity: 91
Merit: 10
Can someone please give me the skinny on what went down and why I see 102 as the low from 7 hours ago?
full member
Activity: 140
Merit: 100
Thanks! Finally I know what it means  Cheesy

btw damn hat an sell order @689 and we were at 688,99 and now we going back down.

I placed it 2$ (686$) below the FiBu. But it doesn't matter. I think market will go up to 690 - 710.
legendary
Activity: 2674
Merit: 2373
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
On the positive side, bitcoin is sure as hell not boring anymore

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