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

[empowering]

BABA = totally nutz

Wonder if the $68  IPO - will turn to $100 per share by the end of the day.....


at this rate they will have a cap similar to Walmart...  crazy

Let the retail fun start.....

Opened seconds ago!!  Opened at $92.70

Billions just got made on a 24 hr flip   fuckers I think it is more like 10 thieves that forty ; )

Let the games begin, and in a few weeks... the options will come..  ha

[BitChick]

Not sure if this has been said yet, but I think the price might rise substantially after the Alibaba IPO opens today.  Many people may have sold coins and are holding it in Fiat.  If and when the price goes past the amount they want to pay for the stock they will then take that fiat and reinvest it back into BTC as soon as they can.  It will in essence cause a run up very quickly in Bitcoin as well.  

We will see of course. . .

Hmm... interesting what time IPO opens ? Lets hope You are right.

Supposed to open at any moment.

It is on LIVE at https://www.nyse.com/bell

I am trying to buy a little but I did not sell any BTC to do so.  Just moving some funds from a Roth IRA over to it.  

Should be interesting today . . .

Now why would that cause the price to rise? Sorry I'm not getting it.

Many Chinese investors want to purchase.  Easiest way for them to do so would be selling off BTC here in US somehow.  They already sold to have fiat ready.  This is pure speculation of course.

[AirFlame]

Not sure if this has been said yet, but I think the price might rise substantially after the Alibaba IPO opens today.  Many people may have sold coins and are holding it in Fiat.  If and when the price goes past the amount they want to pay for the stock they will then take that fiat and reinvest it back into BTC as soon as they can.  It will in essence cause a run up very quickly in Bitcoin as well.  

We will see of course. . .

Hmm... interesting what time IPO opens ? Lets hope You are right.

Supposed to open at any moment.

It is on LIVE at https://www.nyse.com/bell

I am trying to buy a little but I did not sell any BTC to do so.  Just moving some funds from a Roth IRA over to it.  

Should be interesting today . . .

Wow thank You !!! It's live they will be killing eachother ! KKND

[empowering]

Not sure if this has been said yet, but I think the price might rise substantially after the Alibaba IPO opens today.  Many people may have sold coins and are holding it in Fiat.  If and when the price goes past the amount they want to pay for the stock they will then take that fiat and reinvest it back into BTC as soon as they can.  It will in essence cause a run up very quickly in Bitcoin as well.  

We will see of course. . .

Hmm... interesting what time IPO opens ? Lets hope You are right.

Supposed to open at any moment.

It is on LIVE at https://www.nyse.com/bell

I am trying to buy a little but I did not sell any BTC to do so.  Just moving some funds from a Roth IRA over to it.  

Should be interesting today . . .

Now why would that cause the price to rise? Sorry I'm not getting it.

It is possible some holders liquidated some of their BTC stash to have a figure to play with today to ride the retail pump wave that is going to happen today...
if they are going for a short term flip, then they could take profits and buy back in..

Edit - SERIOUS Volume already and already over $96 in a few minutes... puts BABA at $230b

[esse83]

Share now trading at $96.42 a share, up more than 40%.

Holy crap..

[ChartBuddy]

Explanation

[QuestionAuthority]

Not sure if this has been said yet, but I think the price might rise substantially after the Alibaba IPO opens today.  Many people may have sold coins and are holding it in Fiat.  If and when the price goes past the amount they want to pay for the stock they will then take that fiat and reinvest it back into BTC as soon as they can.  It will in essence cause a run up very quickly in Bitcoin as well.  

We will see of course. . .

Hmm... interesting what time IPO opens ? Lets hope You are right.

Supposed to open at any moment.

It is on LIVE at https://www.nyse.com/bell

I am trying to buy a little but I did not sell any BTC to do so.  Just moving some funds from a Roth IRA over to it.  

Should be interesting today . . .

Now why would that cause the price to rise? Sorry I'm not getting it.

Many Chinese investors want to purchase.  Easiest way for them to do so would be selling off BTC here in US somehow.  They already sold to have fiat ready.  This is pure speculation of course.

Oh, I see what your getting at. They sold to go into a more profitable investment.

[BitChick]

Share now trading at $96.42 a share, up more than 40%.

Holy crap..

It actually opened at $92.

[empowering]

BABA = totally nutz

Wonder if the $68  IPO - will turn to $100 per share by the end of the day.....


at this rate they will have a cap similar to Walmart...  crazy

Let the retail fun start.....

Opened seconds ago!!  Opened at $92.70

Billions just got made on a 24 hr flip   fuckers I think it is more like 10 thieves that forty ; )

Let the games begin, and in a few weeks... the options will come..  ha

just a few cents fom $100 already !

Pump it UP

[mmitech]

$98 already, isn't suppose to start at $62 ? or did I miss that ?

[podyx]

Share now trading at $96.42 a share, up more than 40%.

Holy crap..

It actually opened at $92.

What is this alibaba IPO thing anyway??

What has it to do with crypto?

[empowering]

$98 already, isn't suppose to start at $62 ? or did I miss that ?

Yup.. the insitutional players just made billions overnight ...

[esse83]

$98 already, isn't suppose to start at $62 ? or did I miss that ?

There is a difference between set price and opening price. Set price was $68.

[Torque]

If there is one thing I have learned as a retail investor, is NEVER buy the IPO on opening day... wait 6 months first, or you'll regret it

[empowering]

Share now trading at $96.42 a share, up more than 40%.

Holy crap..

It actually opened at $92.

What is this alibaba IPO thing anyway??

What has it to do with crypto?

This BABA IPO has just turned Alibaba into one of the biggest companies in the world, at current cap , almost bigger than Amazon and Ebay together...
Chinese company, with "worlds biggest digital ecosystem" they are like a mixture between Ebay, Paypal, Facebook and Youtube..
 there is a possibility some BTC holders sold (the dip yesterday) to get some liquid funds today to ride what I think is going to be a pump today/this week. If they flip on the pump then they (being any BTC holders playing this trade) could return with their profits.

Options start in a few weeks,  think this is going to be rocky ride for BABA.

Also down the line if Alibaba become BTC friendly... it could be a good thing... at the moment they are anti BTC.

[kodtycoon]

big time miner gone offline?

[Kupsi]

big time miner gone offline?

Blockchain.info not updating with new blocks...

https://blockchain.info/

[Wekkel]

Smells like panic 

[adamstgBit]

this is why everyone is panicking

[podyx]

Share now trading at $96.42 a share, up more than 40%.

Holy crap..

It actually opened at $92.

What is this alibaba IPO thing anyway??

What has it to do with crypto?

This BABA IPO has just turned Alibaba into one of the biggest companies in the world, at current cap , almost bigger than Amazon and Ebay together...
Chinese company, with "worlds biggest digital ecosystem" they are like a mixture between Ebay, Paypal, Facebook and Youtube..
 there is a possibility some BTC holders sold (the dip yesterday) to get some liquid funds today to ride what I think is going to be a pump today/this week. If they flip on the pump then they (being any BTC holders playing this trade) could return with their profits.

Options start in a few weeks,  think this is going to be rocky ride for BABA.

Also down the line if Alibaba become BTC friendly... it could be a good thing... at the moment they are anti BTC.

Right, so where can I buy this? :p