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

[ensurance982]

We're about to hit the $590 wall now. Only about 20 BTC until we start nibbling it away. Let's see if the action rises then or if it really will stop us from resuming our course to the fragile $600s again!

[Neo.op]

And I am also watching the price on Bitstamp.

The support for the last few days at 578 needs to break. I will be looking to short the bounce.

So let me get this straight, you're gonna short after a break to the downside? If so, you have mad traderz skillz bro!  

Get rich via trading: wait for resistance to break, buy on dip, wait for support to break , sell on bounce

rinse repeat, easier said than done because of the mind and greed.

Problem is how do you know: a. how much will the retrace be? or b. if its not a true dip or bounce?

[JayJuanGee]

At Stamp, the key price is 582.99. If that guy can survive the regular buying (by topping it up constantly), then the price will hold. Otherwise, if he runs out of coin, we might see choo choo!

This guy! This one guy...

Yesterday I sold a bitcoin on Huobi to buy it back on 3600 yuan support.

Since it always one guy buying or selling all the shitloads of coins, I'll post my trading log here when it's filled (blacking the bought amount)!

And than, I'M THIS ONE GUY!

Ha! Bow down bitstamp or I'll dump it to you only to troll the market!

A newcomer in my ignore list.

What is this thread coming to, if we have one troll ignoring another troll?   

   Must mean that capitulation has taken place!!!    CHHHHOOOOOOO   CCCCCCCCHHOOOOOOOOOOOOOOO   MF

[ensurance982]

What is this thread coming to, if we have one troll ignoring another troll?   

   Must mean that capitulation has taken place!!!    CHHHHOOOOOOO   CCCCCCCCHHOOOOOOOOOOOOOOO   MF

It's just boredom and nothing's really going on right now, that's it. If people finally say 'well, I'm done with this stuff' and leave, we have reached capitulation. If we start building up a healthy growth after that happened, they will come on board again, of course!

[dEBRUYNE]

929 btc buy wall @ 588 @ bitfinex  

EDIT: Wall is gone now  

EDIT2: Back @ 590

[JayJuanGee]

I just sold 0.2xxx to buy 2 USB drives on Newegg. Please don't hate me for not holding
I'm still a bull, but love buying things with BTC and like most of us, believe doing so good for the cause.

NO problem with that... Just replace your spent BTC right away, or within the week.... price is only going up, anyway, so it seems better to replace those BTC NOW, rather than waiting a week.

[HerrAndreas]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

[ChartBuddy]

Explanation

[ensurance982]

929 btc buy wall @ 588 @ bitfinex  

EDIT: Wall is gone now  

EDIT2: Back @ 590

Stamp is attacking the wall at $590 now, though! Pretty big buys, but the wall seems to be real! Let's see if the momentum holds and we can bring this thing down! Come on, things are looking green! Buy, buy, buy!!!

[hyphymikey]

Nom nom nom

[Dump3er]

It's just boredom

True.

Moreover the attempts of letting bitcoin seem like a pyramid scheme (bulls getting ballistic on 10,00$ rebounds, next year it will value 100,000,000,000,000,000,000$) are causing me headache.

Trolling is Asperin.

[Chalkbot]

shhhhhhh.....


/whisper
choo choo

[ensurance982]

It's just boredom

True.

Moreover the attempts of letting bitcoin seem like a pyramid scheme (bulls getting ballistic on 10,00$ rebounds, next year it will value 100,000,000,000,000,000,000$) are causing me headache.

Trolling is Asperin.

I actually think that many of the posts here that seem to 'celebrate' those $10 buys are actually sarcastic and make fun of those puny trains. It's futile to expect something big as of now. We need to wait for fall, capitulation, or an ETF or something.

[cbeast]

Dedicated to the folks in Crypto Valley.

[molecular]

I actually think that many of the posts here that seem to 'celebrate' those $10 buys are actually sarcastic and make fun of those puny trains. It's futile to expect something big as of now. We need to wait for fall, capitulation, or an ETF or something.

To be honest: that's my feeling, too. (I'm usually uber-bull expecting a rally right around the corner).

On the other hand: all the powerful runups in the past had come kind-of unexpected to me, at least regarding the size.

We may not need an ETF, capitulation or anything. It could really just happen by itself, with no apparent reason. (Of course we will attribute some single fitting reason after the fact and be quite sure that was it (like "Cyprus" for the April '13 runup), that's just how the human mind works)

[oda.krell]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

To my knowledge, there's no evidence for the statement that Raiffeisen will "replace" Unicredit Slovenia. On my own account, I'm still transferring fiat to Unicredit. To me it looks more like they're teaming up with a second bank, perhaps as a safeguard measure. Nope. Looks like I'm Raiffeisen as well now. Maybe there's something to it, and they're being dumped by Unicredit. Would really prefer if someone from Bitstamp would address this change of banks openly.

[ensurance982]

https://bitcointalk.org/index.php?topic=723392.0

Interesting. Stamp using two banks now. Based on post #8, the former bank, unicredit, may have stopped taking deposits. This partially explains why total bid sum is recovering slower than in the past. I.e., no new deposits and some traders withdrawing from unicredit while they still can.

Looks like unicredit wants to end its relationship with Stamp. How long will the new banking relationship with Raiffeisen last?

That bank change is something rather positive in my view. A step in the right direction.
Why? Because it greatly reduces bitstamps exposure to US regulations.
Any bank (or any other company for that matter) which has a branch in the USA can have its assets there taken "hostage" until full compliance with us law is achieved. Raiffeisen on the other hand does not have a branch there and is an "old player" with a very good standing in europe and especially the east.
Already now you would choose Raiffeisen if you for instance wanted to trade with partners in any country which is under US sanctions.
Apart from that Raiffeisen practically "owns" Austria

But haven't they operated on an EU licence all along (a German one if I remember correctly). They are located in eastern Europe or England, aren't they?? I guess there are sill enough bitcoin-friendly or at least bitcoin-tolerating banks in the EU they can choose!

[hdbuck]

I actually think that many of the posts here that seem to 'celebrate' those $10 buys are actually sarcastic and make fun of those puny trains. It's futile to expect something big as of now. We need to wait for fall, capitulation, or an ETF or something.

To be honest: that's my feeling, too. (I'm usually uber-bull expecting a rally right around the corner).

On the other hand: all the powerful runups in the past had come kind-of unexpected to me, at least regarding the size.

We may not need an ETF, capitulation or anything. It could really just happen by itself, with no apparent reason. (Of course we will attribute some single fitting reason after the fact and be quite sure that was it (like "Cyprus" for the April '13 runup), that's just how the human mind works)

true that "it can happen any time", but deep down you know exactly why, and thats because the bitcoin lords wanted to move forward with it..

just look at those last 4 bubbles' straight alinement and cycles, you cannot seriously believe that was organic some how.

bitcoin is going up because it is cautiously driven by some whales and early adopters geniuses that are making sure it won't just fail.

bitcoin is here to stay, and be the base for a whole new system paradigm.

chooochooooo

[keithers]

Not too bad of a day so far for both BTC and LTC...it would be nice to see both build back a little momentum

[hyphymikey]

Bitstamp aka bearstamp aka manipulation central seems to be the only exchange without huge bid walls.

Go figure.