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

[roslinpl]

IF it bounces high enough, I will be looking to re-short it again when CNY goes around 2000

Don't give a damn fu** about CNY.

Many of you are looking at Bitcoin through the China ... Bitcoin is not "China" - Bitcoin is global.

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[fonzie]

Does Bitfinex do hidden orders? I'm not seeing any walls on Bitcoinwisdom, though many (large) trades are occurring right on the 300 mark.

Yes they do. A few months ago the limited amount for doin a hidden order was around 100-150BTC But you can use that option now with any amount, no matter how small. So it doesn´t necessarily mean that it is a huge one.

[QuestionAuthority]

I got permission from the wife to buy 500 coins if the price drops to $200.

[ShroomsKit]

The thing I don't like about the 30000 ask wall is that is the moment when the manipulator shows his hand.  Every one  panics at first, but then a feeling of temporary relief comes in and people tell themselves "don't worry, everything is fine, now we all know for sure that this crash is really just manipulation and nothing more".  People become confident and maybe even start placing bids.  Why would the manipulator prove to the whole world that the dumping is just manipulation and nothing more?  Wouldn't that make his accumulation harder?

It is done for one last good size dump so that he can accumulate his final coins. He would be foolish to put up the wall again. Somebody might be lurking, ready to take out the wall then he will lose his coins.

Why people are selling now is beyond comprehension.

About 30 times a day here i read about the whale or whales that are accumulating. Not once has someone shown me any evidence that this is the case. Will you be the first?

[gnode]

Well the manipulator with his 30K sell wall has shown that BTC is still a very small cap market.

Something to keep in mind,

BTC's market cap is only 5 billion, compare to following,

"Competition in the mutual fund business exploded this week as rivals sparred for a share of the billions of dollars flowing out of Pacific Investment Management Co., which commands $2 trillion in investments. .

Gross, known on Wall Street as the "bond king," stirred up the industry last month when he quit — after clashing with other Pimco executives — to run a comparatively tiny portfolio for Janus Capital Management. Investors responded by pulling $23.5 billion from Pimco's Total Return Fund, which Gross had personally managed."

One bond mutual fund is 2 trillion market cap.  

When this "big money" pours into BTC the price will skyrocket.

[phosphorush]

Russia makes a move on BTC, China is flirting with Russia -> BTC down.

[cbeast]

I got permission from the wife to buy 500 coins if the price drops to $200.

That's one Authority you don't question.

[exocytosis]

I got permission from the wife to buy 500 coins if the price drops to $200.

Did you get permission to panic sell them when the price drops to $50 as well?

[roslinpl]

I got permission from the wife to buy 500 coins if the price drops to $200.

You have a very smart wife! She know how to make profit to buy some new bag or shoes

But I highly doubt that we will see $200 - if yes I will sell everything what I have (not a lot, maybe for few coins...) and I will buy as much as possible

[QuestionAuthority]

I got permission from the wife to buy 500 coins if the price drops to $200.

 
Mamma bear calling the bottom at 200$.

Yes she did. I told her we could wait for 150 and get more and she said, you'll never see it and it will jump too fast.  

[exocytosis]

When this "big money" pours into BTC the price will skyrocket.

Will never happen. Big money stays away from MLM schemes.

[gnode]

The thing I don't like about the 30000 ask wall is that is the moment when the manipulator shows his hand.  Every one  panics at first, but then a feeling of temporary relief comes in and people tell themselves "don't worry, everything is fine, now we all know for sure that this crash is really just manipulation and nothing more".  People become confident and maybe even start placing bids.  Why would the manipulator prove to the whole world that the dumping is just manipulation and nothing more?  Wouldn't that make his accumulation harder?

It is done for one last good size dump so that he can accumulate his final coins. He would be foolish to put up the wall again. Somebody might be lurking, ready to take out the wall then he will lose his coins.

Why people are selling now is beyond comprehension.

About 30 times a day here i read about the whale or whales that are accumulating. Not once has someone shown me any evidence that this is the case. Will you be the first?

Check it out, he is accumulating right now.

[gnode]

When this "big money" pours into BTC the price will skyrocket.

Will never happen. Big money stays away from MLM schemes.

Sure mr neckbeard, sure!

[MinermanNC]

To many people buying/investing into cloud mining contracts and buying their own mining gear as opposed to simply buying BTC for investment. That's a lot of money being spent that otherwise may have been used for direct BTC investment had mining not got so easy and main stream for people to do.

It just seems that as the asics and big mining farms have grown and got more mainstream BTC value has steadily decreased as cloud mining has rose in popularity.

I feel this trend has killed the overall value of BTC over the last 8 months or so. Basic supply and demand issue. Then add in the massive difficulty rise and there really isn't much to be made in mining either nowadays. The balance is lop sided, not sure what will even things out.
 
I know there is many other variables that affect price, but those same variables have been there for a long time now. What is new is the easy mining availability as opposed to that money being spent in the markets on BTC.

This is just a perspective as a miner.  

[alexeft]

Hey people, the wild bitcoin market is back!!!!!!! Wheeeeeeeeeeeeeee!!!!!

Next stop $5 per!!!! Lemme buy some moar!!!!!

[Newbie1022]

I was out for tea -- yes, I am studying in England so they really do such things here -- when Stamp and BFX cratered to $275. What was the sentiment on the floor. There seems to have been a nice little bump up thereafter, but I am getting the impression that people don't feel the bottom is in, yet. Any thoughts?

[Omikifuse]

I got permission from the wife to buy 500 coins if the price drops to $200.

You have a very smart wife! She know how to make profit to buy some new bag or shoes

But I highly doubt that we will see $200 - if yes I will sell everything what I have (not a lot, maybe for few coins...) and I will buy as much as possible

People said that sub 400 are impossible, and laughed when someone said we would hit sub 300 level.


At this point I don't dare to claim anything impossible. I will only buy after some time of stabilization, after I'm convinced we are not in bear trap mode

[vuduchyld]

I was out for tea -- yes, I am studying in England so they really do such things here -- when Stamp and BFX cratered to $275. What was the sentiment on the floor. There seems to have been a nice little bump up thereafter, but I am getting the impression that people don't feel the bottom is in, yet. Any thoughts?

My solid and firm answer: I don't know.

[roslinpl]

Hey people, the wild bitcoin market is back!!!!!!! Wheeeeeeeeeeeeeee!!!!!

Next stop $5 per!!!! Lemme buy some moar!!!!!

Oh I wish...

[prophetx]

I can't believe how low it went. I covered my shorts too early at $335

Very volatile at the moment.

Too risky to short or go long

were you saying the same thing at 335?