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

[ChartBuddy]

Coin

Explanation

[1714691275]

1714691275

[1714691275]

1714691275

[1714691275]

1714691275

[1714691275]

1714691275

[1714691275]

1714691275

[1714691275]

1714691275

[Chef Ramsay]

I am busy, wil address your concerns about my wealth later. maybe tomorrow. just after this fake out.

see he's FINE

doubling down now.

I see it clearly. Dude is under-water in a large way and needs/should (to) let the market be his friend at this point. No shame in admitting defeat and changing course but stubborn-ness is not an ideal quality esp when your bread is on the line, unless you crave destruction and all your personal friends asking you questions about your financial situation. Just sayin, the water is rising.

[Dilla]

lel bulls such a tasty trap, now we can retrace for 20 $.

at least.

You've been playing us all along....
For some reason I imagine you being a real life Dwight from the office

[Chef Ramsay]

Shorters/Bears on suicide watch.  Get fucked faggots.

LOL, that was too much, nice touch. I sure hope they have an exit strategy besides being punked out in an embarrassing fashion. Going broke and your ego trashed isn't a fun way to end a bear market, or is it?

[Chef Ramsay]

Damn!  USD is running 0.06% daily on BFX. more than 10X the interest rate on BTC.

EDIT: now >0.08!

In the past 30 days, we have had a return of nearly 30%, and I calculate that to be approximately 1% per day, on average.  The past month as been a good time to have been in BTC.

By my estimation, we're in a 45 day-ish run that has been reasonable enough to suggest that this isn't a pump and way different than the last few. That's quite some time and likely shouts that we're into something way apart from the last runs. No one can doubt that the halving is or will be having an effect in a large way now or in the short term. Moon? That's right I said it!

[gentlemand]

Going broke and your ego trashed isn't a fun way to end a bear market, or is it?

If you're too dim not to realise that nothing lasts forever then you deserve all you get. Hopefully most folks can sniff something in the air before they're ravaged.

[tarmi]

I will clear the way till the next hidden wall with small and regular buys. you panic buy.

[Fiat_Hodler]

shorts and longs going up on bitfinex. cant wait to see some margin calls. Which side will they be on though... dun dun dun daaaah.

[phishead]

I will clear the way till the next hidden wall with small and regular buys. you panic buy.

How many "walls" could you possibly put up?  Ever since I started monitoring this thread, you've been putting up walls since $230 it seems like...

[Cconvert2G36]

I will clear the way till the next hidden wall with small and regular buys. you panic buy.

Speaking in riddles? drunk?

We're here for you Tarmi, bulltards are the yin to your yang.

[Morecoin Freeman]

Will tarmi make it? Not everybody can survive.

[ChartBuddy]

Coin

Explanation

[micky123]

Coin

Explanation

Finally!! Official confirmation that BTC has broken $300... waited for so long!

[billyjoeallen]

Damn!  USD is running 0.06% daily on BFX. more than 10X the interest rate on BTC.

EDIT: now >0.08!

In the past 30 days, we have had a return of nearly 30%, and I calculate that to be approximately 1% per day, on average.  The past month as been a good time to have been in BTC.

By my estimation, we're in a 45 day-ish run that has been reasonable enough to suggest that this isn't a pump and way different than the last few. That's quite some time and likely shouts that we're into something way apart from the last runs. No one can doubt that the halving is or will be having an effect in a large way now or in the short term. Moon? That's right I said it!

I'm gonna pee in you pool a little. If you investment goes down 50% and then goes up 50%, you still have only 75% of what you started with. If BTC was $100, then went down to $50, then back up to $75, that's what I mean.

All of this extra activity related to the Mavrodi pyramid is likely to increase the number of xactions on the network.  If this leads to a backlog,  no fee xactions will probably never get confirmed and fees will go up for anyone who needs their bitcoin transferred in a timely manner, possibly up substantially. 

The power of exponential growth can be truly awesome.  possibly faster. A ponzi scheme needs an ever-expanding pool of suckers to continue.  A collapse is inevitable regardless of the block size outcome. This pump can last for a long time, but if the goddamn blocksize cap isn't raised (or preferably eliminated entirely), it's going to collapse when the network crashes which may be even before Mavrodi runs out of suckers.

Leveraged shorts are going up substantially on BFX, as well as longs.  If I had to guess, there will be a short squeeze before a long squeeze.  Liquidity providers have been caught unprepared for the short term demand of the ponzi.  It cannot last but can go on for months.  When this thing unwinds, we may find ourselves in a new Nash equilibrium below $200.  The fallout will damage Bitcoin possibly even worse than Gox.  Expect more bans and heavier regulation. 

[dothebeats]

As long as China currency control is in place, btc price will continue to move upward.

I'm NOT sure if these are directly correlated, but it seems possible that there could be some connection.

There is always a connection to China and the large pushes in price. A big portion of the volume in the markets comes from China.

[Swordsoffreedom]

Coin

Explanation

Chartbuddy you finally show a 300 Chart
Congratulations ^^
Ha-ha in a good mood.

[spiderbrain]

only 6000 coins to $1k on Bitstamp. Just sayin'.

[Cconvert2G36]

-snip-
All of this extra activity related to the Mavrodi pyramid is likely to increase the number of xactions on the network.  If this leads to a backlog,  no fee xactions will probably never get confirmed and fees will go up for anyone who needs their bitcoin transferred in a timely manner, possibly up substantially. 

The power of exponential growth can be truly awesome.  possibly faster. A ponzi scheme needs an ever-expanding pool of suckers to continue.  A collapse is inevitable regardless of the block size outcome. This pump can last for a long time, but if the goddamn blocksize cap isn't raised (or preferably eliminated entirely), it's going to collapse when the network crashes which may be even before Mavrodi runs out of suckers.

Leveraged shorts are going up substantially on BFX, as well as longs.  If I had to guess, there will be a short squeeze before a long squeeze.  Liquidity providers have been caught unprepared for the short term demand of the ponzi.  It cannot last but can go on for months.  When this thing unwinds, we may find ourselves in a new Nash equilibrium below $200.  The fallout will damage Bitcoin possibly even worse than Gox.  Expect more bans and heavier regulation. 

Do you really think MMM victims in china would throw this much money at the exchanges? Is Mr. Mavrodi hodling the coins vs liquidating them as they come in? As they are basically tx's transferring between the off chain chinese exchanges to the off chain MMM database... do you really see an explosion in tx growth?... (not seeing it here https://tradeblock.com/bitcoin/)

Listen, I agree that increasing the max_block_size is getting critical, and we likely couldn't handle the volumes of a repeat of 2013... I'm just trying to avoid getting hyperbolic on both of these issues. Perhaps that's a mistake... but I'm awaiting more evidence.

[dragonseer]

Damn!  USD is running 0.06% daily on BFX. more than 10X the interest rate on BTC.

EDIT: now >0.08!

In the past 30 days, we have had a return of nearly 30%, and I calculate that to be approximately 1% per day, on average.  The past month as been a good time to have been in BTC.

By my estimation, we're in a 45 day-ish run that has been reasonable enough to suggest that this isn't a pump and way different than the last few. That's quite some time and likely shouts that we're into something way apart from the last runs. No one can doubt that the halving is or will be having an effect in a large way now or in the short term. Moon? That's right I said it!

I'm gonna pee in you pool a little. If you investment goes down 50% and then goes up 50%, you still have only 75% of what you started with. If BTC was $100, then went down to $50, then back up to $75, that's what I mean.

All of this extra activity related to the Mavrodi pyramid is likely to increase the number of xactions on the network.  If this leads to a backlog,  no fee xactions will probably never get confirmed and fees will go up for anyone who needs their bitcoin transferred in a timely manner, possibly up substantially. 

The power of exponential growth can be truly awesome.  possibly faster. A ponzi scheme needs an ever-expanding pool of suckers to continue.  A collapse is inevitable regardless of the block size outcome. This pump can last for a long time, but if the goddamn blocksize cap isn't raised (or preferably eliminated entirely), it's going to collapse when the network crashes which may be even before Mavrodi runs out of suckers.

Leveraged shorts are going up substantially on BFX, as well as longs.  If I had to guess, there will be a short squeeze before a long squeeze.  Liquidity providers have been caught unprepared for the short term demand of the ponzi.  It cannot last but can go on for months.  When this thing unwinds, we may find ourselves in a new Nash equilibrium below $200.  The fallout will damage Bitcoin possibly even worse than Gox.  Expect more bans and heavier regulation. 

So you've sold coins during this rally and you'd rather it doesn't continue - big surprise. The threat of an XT fork caused uncertainty and drove the price down, but now that's dead in the water, and smart money is moving into Bitcoin rather than fiat as a crisis looms over the broader financial market.  As technical issue scaling can be solved in a less divisive fashion down the road, when it actually matters. In the meantime, Bitcoin is looking better and better as a store of value so go piss in someone else's pool.

[tarmi]

no money left on bfx to squeeze shorts.