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

[luckygenough56]

Going to bed soon but I doubt this thread will have more than two pages having gone by prior to me awaken later on. What a disgrace this market is becoming and hence this thread's jokeular status atm.

Because nothing is happening. Two weekly doji in a row.

Does the word "launchpad" come to mind?

It does, indeed. Along with two possible directions of the launch

Rockets are launched in direction of the sky. Always!

alert alert technical dysfunction boom 

[Wary]

Going to bed soon but I doubt this thread will have more than two pages having gone by prior to me awaken later on. What a disgrace this market is becoming and hence this thread's jokeular status atm.

Because nothing is happening. Two weekly doji in a row.

Does the word "launchpad" come to mind?

It does, indeed. Along with two possible directions of the launch

Rockets are launched in direction of the sky. Always!

http://www.dailymail.co.uk/news/article-3050344/What-goes-come-Russian-army-s-rocket-launch-test-goes-terribly-wrong-missile-drops-straight-explodes-them.html

[swaghard]

Im hesitant to use Coinbase. I have heard lots of horror stories where they seize or shut down accounts.
They are trying to impress the US Gov right now big time.
The fear may be unfounded though.
Ill check them out

I have heard stories like this too many times:
http://www.reddit.com/r/CoinBase/comments/32k95v/coinbase_is_canceling_my_ordersagain/
http://www.reddit.com/r/CoinBase/comments/2zho6z/fyi_it_took_5_days_for_support_to_respond/
http://www.reddit.com/r/CoinBase/comments/2y76yu/stay_away_from_coinbase/
http://www.reddit.com/r/CoinBase/comments/339jma/a_year_later_no_resolution/
Also there is this guy:
https://twitter.com/Coinbase_Victim

Some interesting information didn't think it would start happening that quickly.

[Fatman3001]

Going to bed soon but I doubt this thread will have more than two pages having gone by prior to me awaken later on. What a disgrace this market is becoming and hence this thread's jokeular status atm.

Because nothing is happening. Two weekly doji in a row.

Does the word "launchpad" come to mind?

It does, indeed. Along with two possible directions of the launch

Rockets are launched in direction of the sky. Always!

[Stevenirving]

Ill check them out

If you rely on the feedback of the Bitcoin community on reddit you can't use any Bitcoin service. Read the User Agreement and Terms of the services you're planning to use and if that's okay for you: sign up and verify your account.

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

[gentlemand]

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

I suggest you try here http://www.reddit.com/r/BitcoinMarkets/ as it's focused on nothing but trading. I'm sure someone on there will have made use of it.

[Stevenirving]

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

I suggest you try here http://www.reddit.com/r/BitcoinMarkets/ as it's focused on nothing but trading. I'm sure someone on there will have made use of it.

Thank you

[ChartBuddy]

Coin
Explanation

[BrewCrewFan]

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

It's good to know specific rules. Coinbase will cancel your account if you're sending BTC to LocalBitcoins, etc.

I'm not using the Coinbase exchange, because it's not yet available in my country, but I have been using Coinbase for 3 years and it always worked smooth for me.

O really? Wow I never knew that. I usually dont keep the coins in an exchange anyways, but if I had that might have sucked not knowing.

Quick edit. I dont see anything about localbitcoin... though I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.

[medialab101]

Interesting thread on fractal analysis:

https://bitcointalk.org/index.php?topic=1052507.0

[bri912678]

Ill check them out

If you rely on the feedback of the Bitcoin community on reddit you can't use any Bitcoin service. Read the User Agreement and Terms of the services you're planning to use and if that's okay for you: sign up and verify your account.

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

Is there a Coinbase thread in the service discussion section? I could not find one specifically set up by them for people to discuss their service and for them t respond to any problems raised. I found a few threads like this one though.

Stay away from Coinbase

[Stevenirving]

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

It's good to know specific rules. Coinbase will cancel your account if you're sending BTC to LocalBitcoins, etc.

I'm not using the Coinbase exchange, because it's not yet available in my country, but I have been using Coinbase for 3 years and it always worked smooth for me.

I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.

Except from what I understand Coinbase takes their duties to a whole other level.
People get money seized and their accounts taken from suspicion of fraud all the time.
The reason for this seems to be Coinbase wanting to show the US Gov that it can enforce and closely monitor everything.
From what I have read Coinbase makes it very hard for a person to trade by himself in any significant amount

I am going to get a bitstamp account going.
Then a BTC-e if I can figure out how to use that site.

[BrewCrewFan]

O really? Wow I never knew that. I usually dont keep the coins in an exchange anyways, but if I had that might have sucked not knowing.

Quick edit. I dont see anything about localbitcoin... though I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.

7.2. Restricted Activities.
...
Act as a payment intermediary or aggregator or otherwise resell any of the Coinbase Services, unless expressly authorized by Coinbase in writing;

They published a statement specifically mentioning LocalBitcoins here: https://support.coinbase.com/customer/portal/articles/1905681-localbitcoins-and-coinbase

They dont say you cant do that.
"Coinbase customers may not, however, use their Coinbase Accounts to engage as a business in the exchange of virtual currency for fiat currency, funds, or other virtual currency."

So what that says to me is that if your not doing thousands of dollars a day/week, your okay. As I stated before, they had to jump though hoops to get all the stuff in order to become a somewhat legit exchange, its not fair for them to be abused by individuals who would otherwise be doing massive amounts of exchange activities.

I see no problems with it to be honest. They are just covering themselves in case. You know full well how fast the feds can come back and crack the whip on them if they even suspect anything.

[BrewCrewFan]

All sites have clauses to shut down any account and seize anything for any reason. So that really is of no help.
I would rather speak to traders who have been using a platform for a good amount of time for references.

Anyone?

It's good to know specific rules. Coinbase will cancel your account if you're sending BTC to LocalBitcoins, etc.

I'm not using the Coinbase exchange, because it's not yet available in my country, but I have been using Coinbase for 3 years and it always worked smooth for me.

I do see that if they SUSPECT that you are using coinbase to buy/sell in a high volume outside of personal use ( kinda like a business ) they will limit your account, which is fair for they went and jump though hoops to get where they are at right now, plus it also limits the liability that they might have due to the idiots that want to do illegal activities with bitcoin.

Except from what I understand Coinbase takes their duties to a whole other level.
People get money seized and their accounts taken from suspicion of fraud all the time.
The reason for this seems to be Coinbase wanting to show the US Gov that it can enforce and closely monitor everything.
From what I have read Coinbase makes it very hard for a person to trade by himself in any significant amount

I am going to get a bitstamp account going.
Then a BTC-e if I can figure out how to use that site.

Of course coinbase wants to show they can monitor everything. The gov can take them out faster than we could blink if the feds even think they smell any kind of illegal activity. Have we as a community not seen this happen enough over the last few years?

Think about this, would you much rather have coinbase stop a few people who might have questionable intentions and leave the bigger community alone doing every day transactions, or would you rather just let it all go wild, and then the feds step in, taking millions of dollars in a siege and affecting everyone?

Look, I am not saying what they may or may not do is not over the top, but in todays climate, you cant be to careful, the feds are just looking for a reason to de-legitmatize BTC and every chance they get.

[lay785]

Some large dumps occurred on bitfinex but they were absorbed by the market. Very solid support - much of which may chase the price in the event of an increase.

Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php

Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.

[Stevenirving]

Some large dumps occurred on bitfinex but they were absorbed by the market. Very solid support - much of which may chase the price in the event of an increase.

Shorts keep going down every single day. (Lender BTC interest rates are dropping hard as well): http://bfxdata.com/swaphistory/btc.php

Seems like traders feel that bitcoins are under-priced and are therefore accumulating every bitcoin thrown at them. Demand seems to be exceeding current supplies, therefore a price increase seems likely in order to entice some people to sell their bitcoins.

Anyone who isn't bullish right now is crazy.
I am just praying to hit ~238 on Finex so I can get in really good before the shot to 250. There has been so much trouble breaking through that I believe when we do we will be launched to 260.

Question to anyone in the know. Why broadcast your order unless you are attempting to show people something? what is the argument against hiding your orders?

[Wary]

I'm observing a wall of 504 btc at 240, in bitstamp.
(It's wall observer thread, isn't it )

EDIT: it's 500 sharp now.

[ChartBuddy]

Coin
Explanation

[Elwar]

I'm observing a wall of 504 btc at 240, in bitstamp.
(It's wall observer thread, isn't it )

EDIT: it's 500 sharp now.

Report: off topic



Things are going to start happening now...

[lay785]

I'm observing a wall of 504 btc at 240, in bitstamp.
(It's wall observer thread, isn't it )

EDIT: it's 500 sharp now.

Not sure why people are selling their coins on bitstamp when they can sell on bitfinex for a higher price. Not to mention that there is more liquidity on bitfinex and their coins would therefore sell much quicker.

Maybe they just dont want to help people close their shorts on bitfinex by supplying them with coins