Bitcoin at $330 ?

[mint chocolate chip]

We need to get back to what was working, now come on ya'll, let's start chanting "To Da Moon!"

[Ander]

Selling your bitcoin is a 50 dkp minus.

[Ander]

We need more DoTs!  More DoTs!

[nomoreheroes7]

Looking at that 21k wall on bitstamp at 3k, and all the tons of small buys into it, I'm like:  "The boss has 21000 hp, go dps!" :D

+5% need moar tanks

[Ander]

Looking at that 21k wall on bitstamp at 300, and all the tons of small buys into it, I'm like:  "The boss has 21000 hp, go dps!" :D

[roadscape]

This article is sensationalized, but at least it reminds us that these centralized and unregulated exchanges can easily trade with coins that they don't actually own.

Fake Chinese Bitcoins Are Commonplace At Chinese Exchanges Evidence Shows

[Riverhead]

What I really want to see is us up by 30% while bitcoin is up 10. ;)

+5%

[Ander]

That said we have been maintaining a pretty steady $0.03USD/BTSX during the free fall.

Yeah, we have dropped about 10% while bitcoin has dropped 30. 

What I really want to see is us up by 30% while bitcoin is up 10. ;)

[Riverhead]

once BTSX/bitUSD has a direct route to fiat and BitShares/Assets are marketed to non crypto folks it won't matter wtf Bitcoin does.

Yes.  But for now, it DOES matter what bitcoin does.  BTSX price is still partially linked to btc price.

Sounds like I3 has some pretty specific plans to uncouple them before the year's out. However, yes, I do agree that right now we are tied. That said we have been maintaining a pretty steady $0.03USD/BTSX during the free fall.

[Ander]

once BTSX/bitUSD has a direct route to fiat and BitShares/Assets are marketed to non crypto folks it won't matter wtf Bitcoin does.

Yes.  But for now, it DOES matter what bitcoin does.  BTSX price is still partially linked to btc price. 

[Riverhead]

What's the point of such an ostentatious move. Putting $9 million dollar amount of bitcoin in a single limit sell order, is that normal behavior or is this a case of very open manipulation?

I don't think btsx would be unaffected if someone pulled a move like that.

Push the value down enough and the big miners might stop mining, or the Diff will go down to the point other pools can make money? I have no idea but...

once BTSX/bitUSD has a direct route to fiat and BitShares/Assets are marketed to non crypto folks it won't matter wtf Bitcoin does.

[CLains]

ok if that wasnt bottom then i have learnt nothing in the last 18 months of trading

[JoeyD]

Someone put a 40k sell wall on bitstamp today to get the price below $300. Why I don't know, but someone posted a warning for the exact number of bitcoins an hour or so before it actually appeared. What's the point of such an ostentatious move. Putting $9 million dollar amount of bitcoin in a single limit sell order, is that normal behavior or is this a case of very open manipulation?

I don't think btsx would be unaffected if someone pulled a move like that.

[Ander]

I think we saw the bottom in bitcoin.  (At least for a while).   Hopefully this is the start of a rally in all crypto.

BTSX did well in this decline, it dropped less than BTC.  Now its time for it to go up faster as well. :)

[kisa]

we had huge daily volume in Bitstamp with BTC falling to 275 today.
reminds much of October 2nd, 2013 when BTC suddenly fell to below 85, this after trading above 100 for months...

my guess (trying to stay unbiased and not mix up intuition with hopes) -> we are seeing short covering / bottom fishing / loading up by whales right now...  quite likely -> this was the big bottom today. the next secular bull could start from now on.