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

[NotLambchop]

                   

[1714699133]

1714699133

[1714699133]

1714699133

[1714699133]

1714699133

[KryptoFoo]

Covered my short from the 280's, off to bed without any btc alarms set tonight  .  Tomorrow will look for another long entry. GL!

[crypto research]

Good news

http://bitcoinist.net/bitcoin-market-wrap-215-222-bitstake-trending/

What's with the week and half old news posting and what's happening today?

Need something pertaining to this month, dude.

Pay no mind. He's just trying to shill for that Bitsteak crap.

Interesting. Someone clever  as you saying the same thing  in 2010 for BTC.

[BlindMayorBitcorn]

These bear-raids are getting weaker and weaker. I'm afraid for the future
_{of the children}

[billyjoeallen]

Covered my short from the 280's, off to bed without any btc alarms set tonight  .  Tomorrow will look for another long entry. GL!

Good call! Goodnight.

[ChartBuddy]

Coin
Explanation

[lyth0s]

$1.09/EUR.

damn.. good news for me..

It's gonna get worse...or better depending on your point of view. We're headed for parity.

Most definitely if not an even lower Euro. The ECB is going to have more QE per month than the US did and they aren't even the world reserve currency!

[Tzupy]

Off topic: Han Solo crashed a vintage aircraft and got injured, he should have sticked to the Millenium Falcon. I wish him a speedy recovery.

[BrewCrewFan]

Off topic: Han Solo crashed a vintage aircraft and got injured, he should have sticked to the Millenium Falcon. I wish him a speedy recovery.

Yes if he calls and asks you if you wanna go with a plane ride with him, run away as fast as you can for he is really good at crashing planes from my understanding... this is not his first one.

[MilkyLep]

Off topic: Han Solo crashed a vintage aircraft and got injured, he should have sticked to the Millenium Falcon. I wish him a speedy recovery.

Yes if he calls and asks you if you wanna go with a plane ride with him, run away as fast as you can for he is really good at crashing planes from my understanding... this is not his first one.

What the hell did I miss?

[JorgeStolfi]

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

People have already dismissed both rumors, but:

The "China" rumor comes from this interview with a Chinese lawyer, published
Feb/27:
https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-crypto

What is the legal landscape like in China regarding DACs and cryptocurrencies?

The legal landscape is still vague in China, just like in any other jurisdiction. However, China’s regulatory environment in this area is generally much more relaxed than that of the US. In my view, China is one of the most suitable jurisdictions around the world where entrepreneurs can experiment on many pioneering business models in relation to DACs and cryptocurrencies, while most of them are clearly or implicitly banned in the US. The government in China is generally tolerant, so long as your business is not designed as a fraudulent scheme. Among others, Bitcoin and like cryptocurrencies have been officially recognized as lawful virtual commodities and are therefore OK to trade, which explains why there are so many exchanges in China where spots and even futures and other derivatives are traded. The only restriction imposed here is to block financial institutions and third-party payment processors from aiding cryptocurrency businesses (yet there are still many loopholes in reality to circumvent or even penetrate that restriction). And for cryptocoin crowdfunding or crowd sales, it is even restriction free in China. That means the initiators usually don’t have to worry about facing the charge of “illegal securities issuance,” as they are likely to suffer in the US.

He is just describing the situation that has existed and been widely known since the PBoC decrees of Jan/2014, and was confirmed and reaffirmed many times since.

The "auction bids at 30% above market" seems to have originated from this tweet.  Subsequent tweets of that user suggest that it may have been just a joke or misunderstanding.  The USMS does not reveal the winning prices, and AFAIK no winner has yet volunteered that information. (The USMS informed that there were 14 distinct bidders this time against 11 of the second auction; perhaps that was the "30%" increase.)

On the contrary, Tim Draper (who did not bid) said that probably auctions are bargain buys.  That may be a hint that he got his coins below market on the two previous occasions.

At the first auction, Tim Draper collected ~30'000 BTC that he said would be used to "provide liquidity for" (i.e. "sell at") the Vaurum fund/exchange that he has invested in.  At the second auction he got 2000 BTC that (IIRC) he planned to split among various bitcoin startups that would be incubated by Boost, his son's venture.

[Ezmoneyezlife]

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

People have already dismissed both rumors, but:

The "China" rumor comes from this interview with a Chinese lawyer, published
Feb/27:
https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-crypto

What is the legal landscape like in China regarding DACs and cryptocurrencies?

The legal landscape is still vague in China, just like in any other jurisdiction. However, China’s regulatory environment in this area is generally much more relaxed than that of the US. In my view, China is one of the most suitable jurisdictions around the world where entrepreneurs can experiment on many pioneering business models in relation to DACs and cryptocurrencies, while most of them are clearly or implicitly banned in the US. The government in China is generally tolerant, so long as your business is not designed as a fraudulent scheme. Among others, Bitcoin and like cryptocurrencies have been officially recognized as lawful virtual commodities and are therefore OK to trade, which explains why there are so many exchanges in China where spots and even futures and other derivatives are traded. The only restriction imposed here is to block financial institutions and third-party payment processors from aiding cryptocurrency businesses (yet there are still many loopholes in reality to circumvent or even penetrate that restriction). And for cryptocoin crowdfunding or crowd sales, it is even restriction free in China. That means the initiators usually don’t have to worry about facing the charge of “illegal securities issuance,” as they are likely to suffer in the US.

He is just describing the situation that has existed and been widely known since the PBoC decrees of Jan/2014, and was confirmed and reaffirmed many times since.

The "auction bids at 30% above market" seems to have originated from this tweet.  Subsequent tweets of that user suggest that it may have been just a joke or misunderstanding.  The USMS does not reveal the winning prices, and AFAIK no winner has yet volunteered that information. (The USMS informed that there were 14 distinct bidders this time against 11 of the second auction; perhaps that was the "30%" increase.)

On the contrary, Tim Draper (who did not bid) said that probably auctions are bargain buys.  That may be a hint that he got his coins below market on the two previous occasions.

At the first auction, Tim Draper collected ~30'000 BTC that he said would be used to "provide liquidity for" (i.e. "sell at") the Vaurum fund/exchange that he has invested in.  At the second auction he got 2000 BTC that (IIRC) he planned to split among various bitcoin startups that would be incubated by Boost, his son's venture.

Yep, its obvious that noone will buy from auction above market while its in the bear mode, Draper became one of the largest bagholders and simply has a butthurt, warning people about the agenda behind those auctions. BTC is going to retest sub 200$ this month, because btc market owners what the final shake off before they will allow market to have a solid and stable upward movement for their OWN sake due to huge stashes they have. They just wanna be a new financial elite (sort of wallstreet douches).

[NotHatinJustTrollin]

They just wanna be a new financial elite (sort of wallstreet douches).

But they won't because this time around there are no greater fools left.

[BlindMayorBitcorn]

Yup. Shake out as many lucky geeks and n00bs as possible. Still one more auction to go

[God27]

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

People have already dismissed both rumors, but:

The "China" rumor comes from this interview with a Chinese lawyer, published
Feb/27:
https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-crypto

What is the legal landscape like in China regarding DACs and cryptocurrencies?

The legal landscape is still vague in China, just like in any other jurisdiction. However, China’s regulatory environment in this area is generally much more relaxed than that of the US. In my view, China is one of the most suitable jurisdictions around the world where entrepreneurs can experiment on many pioneering business models in relation to DACs and cryptocurrencies, while most of them are clearly or implicitly banned in the US. The government in China is generally tolerant, so long as your business is not designed as a fraudulent scheme. Among others, Bitcoin and like cryptocurrencies have been officially recognized as lawful virtual commodities and are therefore OK to trade, which explains why there are so many exchanges in China where spots and even futures and other derivatives are traded. The only restriction imposed here is to block financial institutions and third-party payment processors from aiding cryptocurrency businesses (yet there are still many loopholes in reality to circumvent or even penetrate that restriction). And for cryptocoin crowdfunding or crowd sales, it is even restriction free in China. That means the initiators usually don’t have to worry about facing the charge of “illegal securities issuance,” as they are likely to suffer in the US.

He is just describing the situation that has existed and been widely known since the PBoC decrees of Jan/2014, and was confirmed and reaffirmed many times since.

The "auction bids at 30% above market" seems to have originated from this tweet.  Subsequent tweets of that user suggest that it may have been just a joke or misunderstanding.  The USMS does not reveal the winning prices, and AFAIK no winner has yet volunteered that information. (The USMS informed that there were 14 distinct bidders this time against 11 of the second auction; perhaps that was the "30%" increase.)

On the contrary, Tim Draper (who did not bid) said that probably auctions are bargain buys.  That may be a hint that he got his coins below market on the two previous occasions.

At the first auction, Tim Draper collected ~30'000 BTC that he said would be used to "provide liquidity for" (i.e. "sell at") the Vaurum fund/exchange that he has invested in.  At the second auction he got 2000 BTC that (IIRC) he planned to split among various bitcoin startups that would be incubated by Boost, his son's venture.

Yep, its obvious that noone will buy from auction above market while its in the bear mode, Draper became one of the largest bagholders and simply has a butthurt, warning people about the agenda behind those auctions. BTC is going to retest sub 200$ this month, because btc market owners what the final shake off before they will allow market to have a solid and stable upward movement for their OWN sake due to huge stashes they have. They just wanna be a new financial elite (sort of wallstreet douches).

What asset will the smart money go to while we retest $200?

[Ezmoneyezlife]

They just wanna be a new financial elite (sort of wallstreet douches).

But they won't because this time around there are no greater fools left.

Well, BTC has a great idea behind it, but greeady piggy-like people wanted wall street to enter so they has entered the market long ago, i guess they has been accumulating huge stashes since  mid 2013. And now btc market has became nothing but their own bitch, now they have the last change to scare small btc owners once again due to last 2 auctions and i bet they wont miss a chance to collect more btc with sub 200 prices. BTC  clearly has its own "bilderberg" like "elite" who own, i bet, around 60-70% of btc (noone knows where are Gox's coins, where are ~10kk of btc). BTC has created a great idea, but fucking wanna be banksters are ruining it, so i hope there will be a truly independend and decentralized anonymous currency to replace btc.

[YourMother]

Laughable how this dumb scared whale(s) is constantly buying so the positive momentum could continue. If you look at the chart, the price wants to plunge into the shitter and everytime it does that for a longer period, you see these sudden bursts...



Somebody is about to lose a shit ton of money.

[Ezmoneyezlife]

dafuq, two rumors? auction bids at 30% above market, and china legalizes bitcoin?

People have already dismissed both rumors, but:

The "China" rumor comes from this interview with a Chinese lawyer, published
Feb/27:
https://letstalkbitcoin.com/blog/post/a-chinese-lawyers-thoughts-on-crypto

What is the legal landscape like in China regarding DACs and cryptocurrencies?

The legal landscape is still vague in China, just like in any other jurisdiction. However, China’s regulatory environment in this area is generally much more relaxed than that of the US. In my view, China is one of the most suitable jurisdictions around the world where entrepreneurs can experiment on many pioneering business models in relation to DACs and cryptocurrencies, while most of them are clearly or implicitly banned in the US. The government in China is generally tolerant, so long as your business is not designed as a fraudulent scheme. Among others, Bitcoin and like cryptocurrencies have been officially recognized as lawful virtual commodities and are therefore OK to trade, which explains why there are so many exchanges in China where spots and even futures and other derivatives are traded. The only restriction imposed here is to block financial institutions and third-party payment processors from aiding cryptocurrency businesses (yet there are still many loopholes in reality to circumvent or even penetrate that restriction). And for cryptocoin crowdfunding or crowd sales, it is even restriction free in China. That means the initiators usually don’t have to worry about facing the charge of “illegal securities issuance,” as they are likely to suffer in the US.

He is just describing the situation that has existed and been widely known since the PBoC decrees of Jan/2014, and was confirmed and reaffirmed many times since.

The "auction bids at 30% above market" seems to have originated from this tweet.  Subsequent tweets of that user suggest that it may have been just a joke or misunderstanding.  The USMS does not reveal the winning prices, and AFAIK no winner has yet volunteered that information. (The USMS informed that there were 14 distinct bidders this time against 11 of the second auction; perhaps that was the "30%" increase.)

On the contrary, Tim Draper (who did not bid) said that probably auctions are bargain buys.  That may be a hint that he got his coins below market on the two previous occasions.

At the first auction, Tim Draper collected ~30'000 BTC that he said would be used to "provide liquidity for" (i.e. "sell at") the Vaurum fund/exchange that he has invested in.  At the second auction he got 2000 BTC that (IIRC) he planned to split among various bitcoin startups that would be incubated by Boost, his son's venture.

Yep, its obvious that noone will buy from auction above market while its in the bear mode, Draper became one of the largest bagholders and simply has a butthurt, warning people about the agenda behind those auctions. BTC is going to retest sub 200$ this month, because btc market owners what the final shake off before they will allow market to have a solid and stable upward movement for their OWN sake due to huge stashes they have. They just wanna be a new financial elite (sort of wallstreet douches).

What asset will the smart money go to while we retest $200?

XAU, probably, but they wont abandon such a golden goose until there will be a solid competitor, so i suppose that there will be a real trend reversal after retesting of sub 200$ levels (last rape market operation i.e. shakeoff). People hasnt realized what that means - http://www.coindesk.com/bitcoin-elite-meet-secret-island-bilderberg-style-retreat/ , it means that btc so far is a project for some douches who wanna be a new financial elite soon (when banking fiat system is going to collapse - matter of month,s i bet). People do need a BTC 2.0 to have a chance to buy not from those fuckers who own millions of btc now, but from a fair distribution. Anyway, we all will be able to earn money when they finish their last btc shakeoff. (matter of 30-45 days) i guess.

[JimboToronto]

Another interesting day down the tubes.

It may be a fairly short candle but it's the right color. After yesterday's ugly red candle, it's nice to get back to green.



At least I got to buy a couple more coins during the first price dip in weeks.

Auction, schmauction. So much FUD and hand-wringing over nothing.

[dreamspark]

Laughable how this dumb scared whale(s) is constantly buying so the positive momentum could continue. If you look at the chart, the price wants to plunge into the shitter and everytime it does that for a longer period, you see these sudden bursts...



Somebody is about to lose a shit ton of money.

I'll bite.

They're called accumulation zones. Big players accumulate coins while its quiet and people are like ooohhh its going back down so are shorting into them. Then the market makers move it up and close their longs into the shorters panic closing and being margin called. They let it settle out again and continue accumulating. Rinse and repeat. It's a key sign of a possible trend reversal. Learn to play them and you wouldn't bitch so much.