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

[lyth0s]

How can there be that much volume and practically no price action?

Maybe because a considerable part of the bid side is fake. Also: breaking away 30 dollars north will make the price hit another ask wall again, one that is still in place at this point.
I really wonder how much mining companies are manipulating the bid side at the moment; there have been quite a few rumors that the larger ones out there will no longer be able to profit if the price sinks somewhere below 300 dollars.

Anyways, I'm still waiting for a panicking (Chinese) whale. Then we will see some real action. I wonder what wil happen if a sell wall of about 30k shows up to drive the price all the way down. How much liquidity would still be out there to catch the falling knife?

With Billionares like Draper around? A lot. Don't forget that big money WANTS to see large sell walls at static prices. That way there is no market movement with their large buys.

[1714792880]

1714792880

[1714792880]

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[spooderman]

The same thing that happened the last 11 months. Dumpers trying to take the price down as if it's their life mission. They won't rest till we reached $10 or lower. They just need to destroy this thing, no matter what.

$10 a bitcoin still makes it way stronger than most currencies. People forget how insane it is that our coins are worth $350 each.

Market cap is more important in this regard than unit price. At $10 per bitcoin it can be manipulated by just a handful of millionaires. This is not possible with regular currencies, so calling it ''stronger'' is far-fetched.

good point.

[Tzupy]

More dumps in China, Bearstamp what are you waiting for?

[shmadz]

I'd like some feedback from the Eurolanders out there, if possible

I just got this in my email:

This weekend, Swiss voters will be asked whether they want 20% of their currency, the Swiss franc, backed by physical gold.

The people I talk to here in Zürich are, at best, hopeful that the answer is no. They know that such a plan will cause a world of hurt to the Swiss economy and will hamstring the Swiss central bank and its efforts at managing the franc. They all say confidently that the majority of Swiss voters understand this and will veto the plan.

But you can clearly hear in their tone that worry tints their words. The polls are close. And they know that the Swiss feel their economy is too often manipulated by what happens with the euro and the dollar — and the Swiss are people with a deep independence streak.

Thus, there’s a better-than-good chance that Swiss voters shock the monetary world this weekend with a vote that signals the beginning of the end for modern fiat currencies. That will ripple through our world here in the States. But there are ways to prepare …

Anyone who knows any thing about Switzerland think this it's even a remote possibility?

[hmmmstrange]

More dumps in China, Bearstamp what are you waiting for?

Red waterfall TA forming.

[keewee]

More dumps in China, Bearstamp what are you waiting for?

Bitfinex too

[simmo77]

I agree, and will therefore refrain from commenting on any altcoin posts. But I do would like to emphasize that this discussion, small as it is, is being fanned by the sheer ignorance of quite a few Bitcoiners here. This provokes a response, which in turn provokes another less-reasoned emotional response, and so forth.

I am completely ignorant about the beliefs of Jehovah Witnesses, I have no interest in what they espouse. I don't go around to their houses on a Sunday morning handing out propaganda about atheism, so I get REALLY pissed off when they come to my house and try to recruit myself and my family to their cause (which, like all religions, requires a steady influx of new stooges to ensure their ongoing financial viability).

Just because some people are ignorant about a particular topic, doesn't mean they need to be enlightened. Especially here, in our "home", the BTC/USD Wall Observer thread.

[solex]

I'd like some feedback from the Eurolanders out there, if possible

I just got this in my email:

This weekend, Swiss voters will be asked whether they want 20% of their currency, the Swiss franc, backed by physical gold.

The people I talk to here in Zürich are, at best, hopeful that the answer is no. They know that such a plan will cause a world of hurt to the Swiss economy and will hamstring the Swiss central bank and its efforts at managing the franc. They all say confidently that the majority of Swiss voters understand this and will veto the plan.

But you can clearly hear in their tone that worry tints their words. The polls are close. And they know that the Swiss feel their economy is too often manipulated by what happens with the euro and the dollar — and the Swiss are people with a deep independence streak.

Thus, there’s a better-than-good chance that Swiss voters shock the monetary world this weekend with a vote that signals the beginning of the end for modern fiat currencies. That will ripple through our world here in the States. But there are ways to prepare …

Anyone who knows any thing about Switzerland think this it's even a remote possibility?

The central banksters are running scared. Paypal has already been ordered to blacklist the Swiss Gold Initiative sponsors:

On Wednesday, October 29, we have received an unexpected simple template notification from PayPal that they can no longer receive donations on behalf of Matterhorn Asset Management AG; that they do not take these decisions lightly and that their decision is final which includes any future regular business. Their formal reasons:
   we are not a registered charity in Switzerland
   our product is a risk
Under Swiss law we are totally in compliance with our effort to raise funds in support of the goldinitiative. In fact under Swiss law we are not required to be a registered charity to raise funds for any kind of political challenge and PayPal is aware of this.

https://goldswitzerland.com/swiss-gold-initiative-2014/

[EFS]

Dump it like it's hot.

[BlindMayorBitcorn]

Dump it like it's hot.

 I thought the bear market was over:'(  This is like one of those never ending winters

[ssmc2]

The central banksters are running scared. Paypal has already been ordered to blacklist the Swiss Gold Initiative sponsors:

On Wednesday, October 29, we have received an unexpected simple template notification from PayPal that they can no longer receive donations on behalf of Matterhorn Asset Management AG; that they do not take these decisions lightly and that their decision is final which includes any future regular business. Their formal reasons:
   we are not a registered charity in Switzerland
   our product is a risk
Under Swiss law we are totally in compliance with our effort to raise funds in support of the goldinitiative. In fact under Swiss law we are not required to be a registered charity to raise funds for any kind of political challenge and PayPal is aware of this.

https://goldswitzerland.com/swiss-gold-initiative-2014/
[/quote]

Perfect time to start accepting bitcoin.  

[abercrombie]

[ShroomsKit]

Oh look. Another big dump.

[ChartBuddy]

Explanation

[Deadstock]

Time for CHEAP COIN CREW to come out of the wood work and scream buy 

[ShroomsKit]

Dump it like it's hot.

 I thought the bear market was over:'(  This is like one of those never ending winters

These people won't stop till every single buyer is scared away and Bitcoin is at 10 bucks.

[ShroomsKit]

Time for CHEAP COIN CREW to come out of the wood work and scream buy 

They are awefully quiet lately.

[ShroomsKit]

330 by tomorrow. All the traders happy as fuck i assume? This is what you wanted right?

[BlindMayorBitcorn]

Dump it like it's hot.

 I thought the bear market was over:'(  This is like one of those never ending winters

These people won't stop till every single buyer is scared away and Bitcoin is at 10 bucks.

Can't argue with market forces, I guess

[ShroomsKit]

Did that guy Inca stop posting?
He used to post daily how we were about to go up. Then out of pure frustration he started borrowing out his coins on Bitfinex so he could make 3 bucks a day while he added fuel to the downtrend. Don't see him around anymore.