Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 29952. (Read 26623511 times)

Right now we are battling between the dumpers and those who think that $850 is as low as gox goes - think they are getting cheap coins.

because people still buy and trade btc there, if bitstamp didn't care they wouldn't have tried to stay away by $100+ so even they themselves are actively distancing themselves and showing the care factor.

imo this is pure FUD getting to those who expected a new years crash, if this was lined up with btc-e fud we'd be sub 700 already. Just bad manipulators out there these days.

I can't say you'll be sorry if it recovers to 800-820 as Tera somewhat eluded to earlier. But good luck trading :d find the re entry point...generally I've been burned by not waiting the extra day for the secondary hit when the volume is high enough on the downtrends.

If Gox goes down to the actual price, the other exchanges will crash.  
why don't ppl ignore gox

Price is tanking, Gox just hit $850 for a second. Back up to $856 and Stamp at $781. Yeehaw! Maybe we'll see $600 within the week 

hrmm for gox I had points at 880-870-860.......next is 804.83  

couldn't get there though  

I personally dumped 100 over 3 hours ago

Gox wants parity loool

You know this BitCoin manipulation/consolidation/flatulation, whatever it is, makes me think that it's gonna' remain at 780-820 or so for the foreseeable future and has got me thinkin' that MAYBE it's time to exit the BitCoin Market. And I imagine a lot of other noobs are thinking along the same lines.

But I won't.

And as a noob, I AM appreciative of all you guys trying to explain it though.

feb 5th 14:29 bitwisdom stamp price 900 coins sold.. think that was the start.

Glad i sold at 800. Will buy back when it's clearer what's happening with gox.

Start time of the 2014-02-05 "mini-crash" on various exchanges,
estimated visually from the 1-minute charts at
http://bicoinwisdom.com:


  Time  ! Exchange ! Drop ! Un. ! Vol.BTC
  ------+----------+------+-----+--------
  22:50 | Huobi    |  5.0 | CNY |   24.25
  22:56 | MtGOX    |  8.0 | USD |  186.80
  23:03 | BTC-e    |  0.8 | USD |   20.54
  23:03 | Bitstamp |  2.5 | USD |   27.07
  23:03 | Coinbase |  3.0 | USD |     . 
  23:05 | BitFinEx |  5.0 | USD |   46.98
  23:06 | OKCoin   | 15.0 | CNY |   12.15


Date and times are UTC.

AFAIK, Feb/05 22:50 UTC = Feb/05 17:50 in New York = Feb/06 07:50 in China.

The start of the mini-crash is often hard to pinpoint objectively.
At Huobi, in particular, the price started to decrease slowly and then
accelerated.  Other people may pick completely different times
which may lead to different time orderings of the exchanges.

Well now.

it's happeninnnng

feels good to have fiat on exchange

price goes down:

price goes up:

Mtgox is back to $100 above Bitstamp and BTC-E with that last dump.

Hola! I'm really astonished. Gox seems to be really bad-tempered  

lol lack thereof btc withdrawal = goxbux revival 800 coins sold just now or so.

Huge dumps coming

Bear traps are built in a way that are scary and create panic among the regular folks. So, the sales during bear traps are constant and steady for tens of minutes, so everyone will get their time to panic.
When there are big dumps with proper intervals, then someone with a lot of coins wants out and he wants it quickly with "good enough" profits.

800 held with the choo choo folks building their buy walls near that sum that eventually got eaten by big sales. With this small volume you didn't have to buy a lot to drag the price back to 800, and then wait till new buy walls were built, and then another big dump. Now we are dropping below 800 because the number is losing the faith of the choo choo folks.
But I don't think that the drops in coming days will be very dramatic... we will probably see a new number at 780, and the dance will continue for some time like with 800.. we will probably see 760, 740.. and until even the regular folks see the pattern, and then there will be a sudden drop.

I think that people are blind to hope that BTC will still rise, even with important markets closing. People are so religious about this subject that BTCCHina's "Well, we opened our bank deposits and we hope that we aren't doing anything illegal" statements actually seem like good news to them, not acts of desperation.

Open new markets with high volume in new geographical locations and I'm back being bullish! But this whimpering with building weak hope around China's dying market is kind of pathetic...