Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30145.

adamstgBit

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Quote from: TERA on January 27, 2014, 01:11:15 PM

So it looks like I was wrong about the stabilization after all.

there is just way to much happening right now for stable prices

poeple are panic selling on news that will get old fast, mean while everyone and his mother is hodling fait waiting for "cheap coins".

stable bitcoins at 5-6 million a coin, until then we buy the dips and smoke cigars Cool

Kerrai

newbie

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Quote from: JorgeStolfi on January 27, 2014, 01:17:07 PM

Can we conclude that this sudden crash to ~750 in the Western exchanges was due to the news of Shrem's arrest?

Huobi was in the middle of a downtrend with occasional hiccups, but clearly it did not start that crash; and it reacted only slightly to it, presumably because of arbitrage trading.

It will be some time before the news of Shrem's arrest are translated and reported in Chinese media -- if they are at all. Until this morning I had never heard of the guy, and presumably he and the Bitcoin Foundation are totally unnown in China. So perhaps the Chinese markets will just ignore the incident.

They may ignore the news; they can't ignore the market movement.

seleme

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Quote from: TERA on January 27, 2014, 01:15:56 PM

Quote from: seleme on January 27, 2014, 01:13:12 PM

Quote from: TERA on January 27, 2014, 01:11:15 PM

So it looks like I was wrong about the stabilization after all.

We're currently 3% below where we were before the news. Hardly destabilization so far.

I was being sarcastic. Yesterday the bulls were saying CCMF and I said we'd probably stabilize at 810 instead.

Mah, it's more a joke. CCMF after each 10$ up, and crash after each 10$ down. Bears are more serious though as they can't function without FUD spreading.

JorgeStolfi

hero member

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Quote from: magicmexican on January 27, 2014, 01:06:40 PM

Kinda funny to see all exchanges act so different. Stamp/btc-e dumping, hyubi not really giving a fuck, and Gox is just sitting near that 1k mark like a kid with autism

Can we conclude that this sudden crash to ~750 in the Western exchanges was due to the news of Shrem's arrest?

Huobi was in the middle of a downtrend with occasional hiccups, but clearly it did not start that crash; and it reacted only slightly to it, presumably because of arbitrage trading.

It will be some time before the news of Shrem's arrest are translated and reported in Chinese media -- if they are at all. Until this morning I had never heard of the guy, and presumably he and the Bitcoin Foundation are totally unnown in China. So perhaps the Chinese markets will just ignore the incident.

seleme

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Activity: 2772

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Quote from: MANofthePEOPLE on January 27, 2014, 01:13:46 PM

it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775 Cheesy

If that would make you feel slightly better, I don't consider myself worst trader ever but I still do such stuff pretty regularly Cheesy

mellowyellow

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Quote from: MANofthePEOPLE on January 27, 2014, 01:13:46 PM

it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775 Cheesy

Not as bad as me, sold at 814, went out to walk the dog, got back and realised I'd actually bought more at 814 and were already sub 790 - epic day for me

TERA

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Quote from: seleme on January 27, 2014, 01:13:12 PM

Quote from: TERA on January 27, 2014, 01:11:15 PM

So it looks like I was wrong about the stabilization after all.

We're currently 3% below where we were before the news. Hardly destabilization so far.

I was being sarcastic. Yesterday the bulls were saying CCMF and I said we'd probably stabilize at 810 instead.

porcupine87

hero member

Activity: 546

Merit: 500

hm

Quote from: hmmmstrange on January 27, 2014, 01:02:46 PM

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

2 hands.
One hand: Look, Bitcoin is used of illegal actions. We must restrict Bitcoin.
Other hand: Look, the bad guys have no chance with Bitcoin. Bad guys get the signal to use cash.

It is like with the fall of Silk Road. Many people thought, this is really bad. Other people thought, that is not really bad.

But Charlie who? Never heard of him. But I heard of the Russia...

seleme

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Quote from: MonadTran on January 27, 2014, 01:11:18 PM

Quote from: hmmmstrange on January 27, 2014, 01:02:46 PM

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

While I'm not going to sell bitcoins just because of this, I do think this is terrible news. A person has just been put in jail, on bogus "trading with some people, who might have been trading with some other people, who might have been selling plants to people" charges. Seeing certain individuals in Bitcoin community dump the guy, just because he's "not an asset" or something, is making me sad and angry. I would guess you and me are sort of "not an asset" types either, even more so than Charlie. So what, does it mean we deserve to be locked up?

We don't know that. If they don't have explicit proofs of him being part of organized crime group then it's certainly stupid arrest and his lawyers would deal with it pretty easily.

But maybe they have that proof and are not stupid to do it without it. I don't know guy, so I certainly won't take his corner just like that.

Peter R

legendary

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Hmm...I think I may have placed my bids too low.

I guess they call it day-tarding for a reason Sad

MikeH

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hmm, just noticed Shrem is Jewish - do they go to jail in the US?

MANofthePEOPLE

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it's not easy being the worst trader since the beginning of time.. panic sold at 761 and panic bought back at 775 Cheesy

seleme

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Quote from: TERA on January 27, 2014, 01:11:15 PM

So it looks like I was wrong about the stabilization after all.

We're currently 3% below where we were before the news. Hardly destabilization so far.

MonadTran

full member

Activity: 181

Merit: 100

Quote from: hmmmstrange on January 27, 2014, 01:02:46 PM

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

While I'm not going to sell bitcoins just because of this, I do think this is terrible news. A person has just been put in jail, on bogus "trading with some people, who might have been trading with some other people, who might have been selling plants to people" charges. Seeing certain individuals in Bitcoin community dump the guy, just because he's "not an asset" or something, is making me sad and angry. I would guess you and me are sort of "not an asset" types either, even more so than Charlie. So what, does it mean we deserve to be locked up?

TERA

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So it looks like I was wrong about the stabilization after all.

seleme

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Quote from: ?? on ??

It's always fun to see all those alts burn on bear days.

It's always a time to buy alts in moments like this Wink

Last time we visited 780 (few days ago) I made 30% on PPC in less than 24 hours. Alts stayed much stronger this time though so far.

ShroomsKit

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Quote from: hmmmstrange on January 27, 2014, 01:02:46 PM

Quote from: mellowyellow on January 27, 2014, 12:54:16 PM

Quote from: ShroomsKit on January 27, 2014, 12:52:06 PM

Quote from: mellowyellow on January 27, 2014, 12:44:44 PM

Guys, I know we hear a lot of 'bad news', but this REALLY IS BAD NEWS, I urge you to consider selling now to buy back later at a lower price when the market has absorbed this. I'm 100% fiat as of 5 mins ago.

Troll.

You don't think one of the founders of the bitcoin foundation being arrested under money laundering charges isn't going to spook the market?

http://www.marketwatch.com/story/ceo-of-winklevoss-backed-bitcoin-company-arrested-2014-01-27?link=MW_latest_news

This is actually really good news. Charlie was not an asset to the bitcoin community. It was a shame that the winklevoss ever got involved with him but I'm glad they shut down bitinstant when they found out.

Don't be silly. This is not really good news.
But it's also not worth going down 200 dollars for. But who knows. Sheep are sheep.

Holliday

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Quote from: magicmexican on January 27, 2014, 01:06:40 PM

Kinda funny to see all exchanges act so different. Stamp/btc-e dumping, hyubi not really giving a fuck, and Gox is just sitting near that 1k mark like a kid with autism and doesnt even know whats going on.

Would you sell coins on Gox right now?

seleme

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Quote from: mah87 on January 27, 2014, 01:04:31 PM

Quote from: seleme on January 27, 2014, 01:02:42 PM

Quote from: mah87 on January 27, 2014, 12:59:30 PM

Quote from: seleme on January 27, 2014, 12:57:22 PM

Bitcoin lobbying was done long time ago, when that Senate Chairman from November got few thousands coins Cheesy

If you seriously think that Bitcoin might have legal problems after what was said on November hearing and after that, than you live in your little XRP cuckoo land.

XRP is the next step for crypto you'll discover that in few months.

I have 400k XRP and will surely buy more if it drops a bit. That doesn't mean I think Bitcoin is going back to 50$ like you do since you sold yours for Ripple and fiat Wink

Not saying bitcoin is gonna drop to 50$ tomorrow. But maybe the day after tomorrow; when the time of regulation is passed and when better competitor will appear bringing REAL UTILITY we'll see if bitcoin don't burst ...

Well, keep waiting for that. What else I can say.

magicmexican

hero member

Activity: 812

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Kinda funny to see all exchanges act so different. Stamp/btc-e dumping, hyubi not really giving a fuck, and Gox is just sitting near that 1k mark like a kid with autism and doesnt even know whats going on.

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