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

[silverfuture]

Ebay is big news. How many other retailers will jump on board after that endorsement?. That combined with the wave of atms, new exchanges, investment funds, investment into bitcoin business, etc. will make a big wave soon. It's only a matter of time.   

Where's the news here? He said fuck all new from what he said year ago.

Last year he was kinda thinkin bout it, this year:

 "When asked by a shareholder about bitcoin’s potential role in global trade, Donahoe responded by saying that the digital currency “will play a very important role in the future”, eCommerce Bytes reports.

While Donahoe said he couldn’t envision exactly how bitcoin could become a more mainstream technology, he suggested that eBay is considering direct involvement with the digital currency, saying:

    “Exactly how that plays out, and how we can best take advantage of it and enable it with PayPal, that’s something we’re actively considering. It’s on our radar screen.”"  -Quoted from Coindesk article.

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[ChartBuddy]

Explanation

[spooderman]

I don't care, btc is TDM and you're mad if you don't own some.

[adamstgBit]

[shmadz]

Ebay is big news. How many other retailers will jump on board after that endorsement?. That combined with the wave of atms, new exchanges, investment funds, investment into bitcoin business, etc. will make a big wave soon. It's only a matter of time.  

Where's the news here? He said fuck all new from what he said year ago.

but he said it again!

buy this rumor
buy more when poeple sell the news.

Thanks Adam, you always give the best advice

also, guess who wisdom added?

https://bitcoinwisdom.com/markets/vos/btccad

[YipYip]

Is it not obvious that without FRESH FIAT (I think I am going to change my user name to this) that these markets cannot go up? And there is no way for fresh fiat to reach the Chinese exchanges.

And if the markets don't go up (and we all should be fully prepared for the market to meander right on past the cross point of this multi-month wedge that everyone's talking about) then the markets are all SITTING DUCKS to bad news coming out of China - like an exchange(s) closing, etc.

Buying here is ridiculous. Shorting isn't a great idea either - although you can often borrow it for almost free, just in case.

NEWSFLASH

CHina = Irrelevant

That's bullshit. You can't say the exchange ALL the other exchanges are following is irrelevant. That is illogical.

Unless Bitstamp can lead us somewhere, and it CANT without fresh fiat, then good luck with the whole "breaking up" theory.

Meanwhile, holding long is risky.

Look at the totally irellevant volume on Hubio .... It is absolutely friken obvious that teh volume was fake & on top of that leveraged

Bye bye china ...cant say I am sad to see you go ..lolz

[seleme]

Ebay is big news. How many other retailers will jump on board after that endorsement?. That combined with the wave of atms, new exchanges, investment funds, investment into bitcoin business, etc. will make a big wave soon. It's only a matter of time.  

Where's the news here? He said fuck all new from what he said year ago.

but he said it again!

buy this rumor
buy more when poeple sell the news.

No thanks, this is not rumor at all. He'd just been kind and diplomatic, nothing more. Paypal real news would be enough big to buy on news and make money on it.

fine buy next year at 10,000, because Paypal news is sure to lock you in a 20% swing.

OK 

[mah87]

Not 10 000,


10 000 K

^^ this is more realistic

[adamstgBit]

Ebay is big news. How many other retailers will jump on board after that endorsement?. That combined with the wave of atms, new exchanges, investment funds, investment into bitcoin business, etc. will make a big wave soon. It's only a matter of time.   

Where's the news here? He said fuck all new from what he said year ago.

but he said it again!

buy this rumor
buy more when poeple sell the news.

No thanks, this is not rumor at all. He'd just been kind and diplomatic, nothing more. Paypal real news would be enough big to buy on news and make money on it.

fine buy next year at 10,000, because Paypal news is sure to lock you in a 20% swing.

OK 

ya...
 me too 

[adamstgBit]

probably a good idea to hit buy BEFORE you fap....

[YipYip]

probably a good idea to hit buy BEFORE you fap....

Be still my beating heart as that looks like BITCOIN CAMEL TOE ....AWESOME !!!      

[ChartBuddy]

Explanation

[fortif78]

probably a good idea to hit buy BEFORE you fap....

Be still my beating heart as that looks like BITCOIN CAMEL TOE ....AWESOME !!!      

Camel Toe is a bullish TA signal, right???

 

[simmo77]

Hubba hubba... Pity those tits are as fake as the volume on the chinese exchanges though...   

[ArticMine]

I predict a crash to $300-$350 in 7 days.

Based on the remarkable similarities in these 2 charts:

Double bottom at $2 in 2011.
Our progress so far in the bottoming process.

Somebody with more visual tools could clarify and present the case. I will have to explain:

2011:
- 3 RED weeks ending with a flashcrash to $4
- 2 GREEN weeks recovery
- 4 RED weeks ending in a flashcrash to $2
- GREEN-RED-GREEN pattern in recovery
- another flashcrash to $2.

2014:
- 4 RED weeks ending with a flashcrash to $400
- 2 GREEN weeks recovery
- 4 RED weeks ending in a flashcrash to $340
- GREEN-2 REDS-GREEN pattern in recovery
- ?

(to be found out in 7 days.... )

While a retest of 339.79 is certainly possible, there is one key difference here namely the multiple tests of 380 - 400 in this bear market. This parallel did not occur in 2011. So it is quite possible that 1) We see yet another test of 380 - 400 before an upward breakout or 2) we just see an upward breakout. This bear is starting to look very tried to me. By the way the fall of 2011 is when I started buying Bitcoin so the charts are good for nostalgia. I say hold / long term buy.

Edit: As for China, this is starting to look like the little boy who cried wolf, with the wolf replaced by a bit bull. https://www.youtube.com/watch?v=RmxKWEqBN-8

[JayJuanGee]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that! 

That's impossible if you started out with any satoshis.  Even starting with 1 satoshi, after one month, you would have more than 1 BTC.  After 2 months, you would have more than 100million bitcoins, which is far more than the supply ever to be made, unless you were dealing with gox coins, which are magical.  The magic of compounding interest is truly amazing!!!! 

[ChartBuddy]

Explanation

[mah87]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that! 

you are doubling the booze you drink everyday maybe. It makes coin appears =D I tried it too , it works.

[shmadz]

I own more BTC than 99.9% of the world population combined. Of course I am feeling lucky!

Well, I am still doubling my BTC holdings every day since December.  Beat that! 

That's impossible if you started out with any satoshis.  Even starting with 1 satoshi, after one month, you would have more than 1 BTC.  After 2 months, you would have more than 100million bitcoins, which is far more than the supply ever to be made, unless you were dealing with gox coins, which are magical.  The magic of compounding interest is truly amazing!!!! 

Thanks Jay, as soon as I saw that post I was gonna try to do the math to call him out on his absolute bullshit, but then I realized it wasn't worth my time.

also thanks for using NOT one annoying quirk in that entire post.

 

[TERA]

Looks like huobi has hit the great wall of China.