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

[Morecoin Freeman]

End of dump. Happy trading.

[1714248995]

1714248995

[1714248995]

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[1714248995]

1714248995

[ChartBuddy]

Coin
Explanation

[hdbuck]

End of dump. Happy trading.

you wish

[ghandi]

This is the end! Get off, while you can!

// 984BTC @ 232.6 sold on Bitstamp, kawooosh

[inca]

The price is down ten bucks. Where are the rest of the doomers?

[hdbuck]

single BTC 1,5k+ order annihilating bullish pump of the last week, and confirming huge resistance beyond $240.

you guise where just owned over again by that whale pumping your sorry hopes before cashing out the hard way on you.



wash rinse repeat? or could we get dirty now ^^

[Fatman3001]

well, this sucks.....

[ChartBuddy]

Coin
Explanation

[Morecoin Freeman]

single BTC 1,5k+ order annihilating bullish pump of the last week, and confirming huge resistance beyond $240.

you guise where just owned over again by that whale pumping your sorry hopes before cashing out the hard way on you.

This is not true. Simple correction. Price won't go up forever. A lot of people on here probably also made some money on this. I did.
However, the bottom was in at around ~215 a couple of weeks ago. Bigger picture is still trending up.

Buying opportunity for everyone who sold between 238-244 is now again at 230-236.

[inca]

I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.

It is just heavily short whales dumping the price lower to prevent buying in response to GBTC trading at a hefty premium to the exchange price. If a 5000 coin transaction goes through then things could get interesting really quick.

The price could be forced lower by selling down the orderbook further but we all know that is just someone manipulating the price lower to induce panic - it isn't natural selling. There are still 27000 shorts hanging over the market like a sword of Damocles. Shedding 5000 brought us up from 213 to 243. Already they are starting to creep back up.

I am buying here. I see value in the low 2xx's. After the high volume reversal bears have failed to break resistance between 200 and 220 on 5 successive attempts. Bullish announcements abound. Capital investment roars ahead. It is just a matter of time before the price fights higher.

I wouldn't be surprised if we retake 240 today.

Edit: a further 500 shorts just opened. Now up to 27500.

[Ezmoneyezlife]

single BTC 1,5k+ order annihilating bullish pump of the last week, and confirming huge resistance beyond $240.

you guise where just owned over again by that whale pumping your sorry hopes before cashing out the hard way on you.



wash rinse repeat? or could we get dirty now ^^

steers prefer to discuss ridiculous scam shit called gbtc dreaming about 1750$ while btc is going to sub 200$. no wonder that they followed another chinese fake pump, they are to silly to behold the truth behind chinese digits.

[Fatman3001]

Desperate times call for desperate measures

https://www.youtube.com/watch?v=LKaXY4IdZ40


Edit:  Might not be enough, have to boost this mofo

https://www.youtube.com/watch?v=0IA3ZvCkRkQ

[lay785]

people waiting on the sidelines.

Eyes are still on GBTC.

Youtube does help: https://www.youtube.com/watch?v=V031uXu6Uso

[gentlemand]

I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.

People will look back in the future and shake their heads at the insanity of sending large amounts of money to anonymous strangers in foreign lands. It still amazes me that people do it. Once the option of not getting potentially raped is there they'll all be dust.

[Fatman3001]

people waiting on the sidelines.

Eyes are still on GBTC.

Youtube does help: https://www.youtube.com/watch?v=V031uXu6Uso

Is that from the welsh edition?

[Stevenirving]

Wacky question from someone who has been trading for 4 years now.
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW

Thanks

[lay785]

I found it more interesting how people are willing to pay much more for btc/shares or anything else on one regulated market rather on those shady exchanges most of us are using... We all know those exchanges probably won't survive in next years, because regulated and trusted exchanges will surpass them. So question here is, who will go down first? My guess is Bitfinex. They probably already working on fractional reserves, not to mention they are under big manipulation.

People will look back in the future and shake their heads at the insanity of sending large amounts of money to anonymous strangers in foreign lands. It still amazes me that people do it. Once the option of not getting potentially raped is there they'll all be dust.

I disagree. eg. BTC-E has never been competing with regulated exchanges and Bitfinex and Bitstamp are somewhere between BTC-E and fully regulated exchanges.

Each exchange type will find their Niche in the market.

[Morecoin Freeman]

Wacky question from someone who has been trading for 4 years now.
If I am just buying and selling at exchanges and this is how I am making my full income do I need some sort of license?
I was out drinking last night and a couple people told me I need a money transmitter license. For some reason I thought this was only for selling coin to people.
Anyone know? Im in the United States BTW

Thanks

You don't need a license.
Just be sure to inform about tax rules.

I'm doing this too since 2013, and from 2015 on this is my only profession. Here in the Netherlands the tax climate is quite good for having an income from investing/saving (I pay close to no tax). Not sure about your state.

[ChartBuddy]

Coin
Explanation

[macsga]

This is just in:

Huobi Will Now Take Your Bitcoins as Stock Trading Collateral. -- Huobi's new platform lets investors buy real shares on the Shanghai Stock Exchange, while still keeping their bitcoin holdings as collateral. --(Published @ May 05, 2015 at 06:07AM by www.bitcoins.am

http://bit.ly/1zvWCSm