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

[tarmi]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from chinese exchanges. you bulls must have noticed that even china is following bitsatmp.  any explanation?  

[empowering]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

Why are you here Tarmi? just out of interest?  Are you here shorting and waiting for BTC to hit $100 and then $50 and then $0?

[inca]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

Whilst there is a slim chance we could bounce off the absolute last remaining downtrend line at ~360 and plunge into double digits, that certainly is not likely. Keep dreaming tarmi

[oda.krell]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

[AizenSou]

Any price under 400 is very cheap, and all the long term bulls who trade in and out trying to get more coins are playing with fire.  

So many amateur traders capitulated turned bearish in the late stages of this bear trend (or turned from buy-and-hodlers into in and out traders), and so many newbies opened their first ever short positions in the 200s, convinced that it would recoup their losses and help them end up with more coins.  

User adoption, merchant adoption, transaction volume, venture capital investment, and so on are all significantly higher now than they were 12-18 months ago when bitcoin was at this price or higher.  

Maybe this rally will not last, or the next one, but sooner or later one will, and it will leave behind everyone who learned to trade for a moderate gain and then wait for a dump.  And they will howl in desperation as they beg the universe to let the bitcoin price come back down to let them back in at a price where they won't regret their actions, but it will not come.


I AM HODLING.

+1

[Fatman3001]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

Why are you here Tarmi? just out of interest?  Are you here shorting and waiting for BTC to hit $100 and then $50 and then $0?

He is mining, hodling, and being a douche. Annoying bitcoiners is like making teenagers depressed. Real easy.

[Somekindabitcoin]

To reply to the poll, Bitcoin will never be worth that much unless most of it is either horded or destroyed. Scarce amounts lead to higher prices. This is like the physical bitcoins. They are scarce and worth alot, yet they have no bitcoin within them.

[JayJuanGee]

lol! it took exactly 18h of standstill to get beartards back on the table.

Yep... there goes any meaningful discussions, down the drain... 

[gentlemand]

They are scarce and worth alot, yet they have no bitcoin within them.

Yes they do. That was kind of the point from minute one. The private key is held behind a tamper proof sticker on the back.

[Fatman3001]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

Yes, it's real simple. With zero fees bots can trade the same coins hundreds and thousands of times a day to extract fractions of a dollar each time. They make money and the volume is "real", but it says little about the amount of coins on the exchange. People just need to use their heads.

[tarmi]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.

[slushee]

TO DA MOON!

[uhoh]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

[ChartBuddy]

Coin
Explanation

[tarmi]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that incident.

[BrewCrewFan]

Coin still above 290 and the bears are screaming the end is near and to get out now? Shiiitttt! To me this has been a stupid stable market for the longest I can recall. No sudden huge jumps up or down... to me this is great.

[uhoh]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that.

Mine too, as it goes. Still, it seems to have done them a lot of harm.

[BlindMayorBitcorn]

Also...I cannot quite believe I am typing this .................but the lack of the troll brigade is freaking me out a little....  suspicious?  


(ps, please do not come back)

They've been so omnipresent that your visual cortex has tuned them out. Ask someone else in the room to check if they're still there and report back.

 

 

[Bralex]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that.

Mine too, as it goes. Still, it seems to have done them a lot of harm.

I have to 3rd that they done the right thing when many others would have done nothing about it maybe even closed shop and ran, which is a shame but they are different and a breath of fresh air hopefully they pull it back.

[michaelGedi]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that.

Mine too, as it goes. Still, it seems to have done them a lot of harm.

yeah, I've always used them, after btce exploded and before gox turned itself into a cheeseburger and frappucino mash. Recently moved my small stash onward as there is no telling if it will be possible to sell at the top of any medium term highs the way things are going. They've always been good to me with customer service, and I had trust in them. I'm just not sure if they are going to keep up. They "upgraded" after the hack, but it's not enough in my eyes compared to some of the very low volume options that may get noticed soon enough, or the ETFs an all that.

Sites with trading platforms accompanied by suites of other services like bitcoin linked debit cards are probably the future: https://anxpro.com/