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

[MoreFun]

Dumping based on any news, or insider trading as usual?

11k wall at bitfinex (playing games).

[1714660456]

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[UnDerDoG81]

Was awaiting a monday rally but didn´t really expect that it will happen 

[RandyMagnum]

I've seen the wall on BFX 4 times in 2 days.  It couldn't be more obvious now.  Bitstamp has some weak hands that react early and hard when it posts, perhaps they'll eventually learn.

[oda.krell]

If you claim the a monopoly government is necessary to prevent the predation of the disadvantaged by the powerful, then I ask, howz that workin out for you so far?

Here's a question: let's say you could, for the rest of your life, commit 30% of your income and savings to charitable organizations of your choice, with a certain amount required to go to basic needs charities, in exchange for never paying taxes on anything ever again. Would you say yes? If that's too much, what's the maximum you'd go up to?

When I see discussions about small government, especially with Europeans defending socialism, keep in mind the US was designed to have decentralized state governments by its founders. If you don't like the rules in one state, drive to another one. To most libertarians, this is acceptable. So calling them anti-government is a gross misunderstanding. State and Federal governments here often butt heads, and often states win out.

Illinois, for example, resembles a socialist country in decline. It has many social safety nets, huge union influence, huge unsustainable debt, high unemployment and a super corrupt, scandalous government. Fortunately it's not difficult to move somewhere like Oregon, with low income tax and zero sales tax. After the auto industry bailout by the Feds (which didn't work, btw), Michigan has largely taken a hands-off approach with the decline of Detroit. As much of a hellhole/ghost town the metropolitan area is, the suburbs are still doing well. The corruption and collapse is working itself out and investors are buying up cheap cheap real estate. My friends rent a huge, amazing house there for a few hundred dollars a month. The neighborhood looks like a demilitarized zone but it's not unsafe because there's nobody there.

How lovely the world must look like to the stubbornly naive...

Can't believe I'm turning into the statist here, considering that in he outside world I tend to take the opposite role, but so much simplification and ideologically motivated misrepresentations of reality have that effect.

Hey, I know what I'll do: I'll just warm up my earlier point: how come those pretty "socialist" states like Sweden, Switzerland, The Netherlands outperform (on pretty much every metric) more economically permissive countries like the US?

[gizmoh]

Dumping based on any news, or insider trading as usual?

Continuous dumping on no news, due to lack of buying support usually indicates price is currently over-valued.

[hdbuck]

Dumping based on any news, or insider trading as usual?

Continuous dumping on no news, due to lack of buying support usually indicates price is currently over-valued.

THIS +1

[elebit]

Continuous dumping on no news, due to lack of buying support usually indicates price is currently over-valued.

That's a dangerous game to play. A bid wall could turn up at any time. There are some decent whales out there.

The last wall game was played well above the 650's. Presumably some of them sold at 700 and are just waiting to see when the best time is to jump back in again.

[TERA]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

[Richy_T]

Excellent point. There seems to be a mental block by the central planners. The whole point of a decentralized society is that there is no central plan. If we could predict exactly how a stateless society could run, then central planning could work, and we know it doesn't. These people would rather have the certainty of a shitty system than the uncertainty of freedom. Where we're going, we may not need roads.

Yes. Perhaps I don't care that I don't have good access to roads if I can telecommute and Jeff Bezos will drone my groceries in.

[MANofthePEOPLE]

Wow, no action at all. Since there's barely any buying going on I believe we will be on a slow downslope but maybe people who's been in the game longer than me have a different opinion?

[hdbuck]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

dont forget there is the mental barrier of $1k which is quite strong. sustaining a rise from 100 to 1000$ is as hard as going from 10 to 100$ and it didnt took a year for sure. but there are also those whales pumping and panicking the market that we should be careful about. weak hands will be purged. and ego-delusionals shouting "choochoo" every 100$ jumps are just making it harder for new comers not to get f*** in this jungle.

edit: for f*** sake we are talking about a f****g grand here. thats serious money for the average joe and its surely not the whole speech about buying a thousandth of a bitcoin that is going to help it to get mainstream and attract new money in. at least give it time. whats funny tho is that at the first panic sell movement all the choohooers will just follow.

[HerrAndreas]

How lovely the world must look like to the stubbornly naive...

Can't believe I'm turning into the statist here, considering that in he outside world I tend to take the opposite role, but so much simplification and ideologically motivated misrepresentations of reality have that effect.

Hey, I know what I'll do: I'll just warm up my earlier point: how come those pretty "socialist" states like Sweden, Switzerland, The Netherlands outperform (on pretty much every metric) more economically permissive countries like the US?

To point out a few differences-
 distance, NSA, military.  all are MASSIVE economic drains.  Then there is scale. 5 mil people vs 300, or whatever the case may be.

aren´t you guys a bit off-topic here?
or am I missing some link to price movement?

[roslinpl]

Price today not bad... seems to be more stable at this point and I see only possibility for it to go UP UP and away soon

[fonzie]

<----- Bullish   

Upcoming 3d MACD crossover might take us to 900$

Edit: Also BTC-E above Stamp for the first time since days.

[adamstgBit]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

This is like nothing we have seen before.

triple bottom seems unlikely.

400 feels pretty far down now not like when we were all freaking out about mtgox possible insolvency, or the chain bitcoin ban days after the bubble had official popped.

pretty sure it goes up from here.

did you hear ebay will soon have a BTC/PPUSD conversion machine?   

[fonzie]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

This is like nothing we have seen before.

triple bottom seems unlikely.

400 feels pretty far down now not like when we were all freaking out about mtgox possible insolvency, or the chain bitcoin ban days after the bubble had official popped.

pretty sure it goes up from here.

did you hear ebay will soon have a BTC/PPUSD conversion machine?   

I stand side by side with my good friend Adam. Double top; double bull trap, double bottom. I´m about to post trains in 6-10 days

[keewee]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

This is like nothing we have seen before.

triple bottom seems unlikely.

400 feels pretty far down now not like when we were all freaking out about mtgox possible insolvency, or the chain bitcoin ban days after the bubble had official popped.

pretty sure it goes up from here.

did you hear ebay will soon have a BTC/PPUSD conversion machine?  

I stand side by side with my good friend Adam. Double top; double bull trap, double bottom. I´m about to post trains in 6-10 days

I think fonzie's account has been hacked. Who is this??

[cbutters]

I think fonzie's account has been hacked. Who is this??

I know! I almost converted full bear when I saw him write that!.... still confused.

[fonzie]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

This is like nothing we have seen before.

triple bottom seems unlikely.

400 feels pretty far down now not like when we were all freaking out about mtgox possible insolvency, or the chain bitcoin ban days after the bubble had official popped.

pretty sure it goes up from here.

did you hear ebay will soon have a BTC/PPUSD conversion machine?  

I stand side by side with my good friend Adam. Double top; double bull trap, double bottom. I´m about to post trains in 6-10 days

I think fonzie's account has been hacked. Who is this??

My friends call me Mark  

[Walsoraj]

I'm starting to think this isn't a repeat of 2013 and we are going for a triple bottom.

This is like nothing we have seen before.

triple bottom seems unlikely.

400 feels pretty far down now not like when we were all freaking out about mtgox possible insolvency, or the chain bitcoin ban days after the bubble had official popped.

pretty sure it goes up from here.

did you hear ebay will soon have a BTC/PPUSD conversion machine?   

I stand side by side with my good friend Adam. Double top; double bull trap, double bottom. I´m about to post trains in 6-10 days

You left out steadily declining bid sum. Without a Gox style halt on fiat withdrawals, we are going down.