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

[Cconvert2G36]

she's rollin' over gents

[Morecoin Freeman]

China asking for a refund. They want their yuan back. Selling coins.

[Scream]

No i buy it at price under $250    
get +30% it's enough for me
now... im scared and confusion , must i buy again at current price or waiting dumper  

what your opinion ?

wait for dumper....
its gone to far to fast man.

at this point, if i wasn't at a halloween party, and not drunk ( i make it a point not to trade drunk under any circumstances anymore ) i'd be dumper...

so this is "scared day"
okey i will choose it,

waiting under $250 again 
i hope i can buy more than 2BTC

[ChartBuddy]

Coin

Explanation

[r0ach]

China is fighting way harder than I expected to hold $350.  They're actually trying to build a floor here.  People buying at US prices are definitely going to be well off.

[BlindMayorBitcorn]

No i buy it at price under $250    
get +30% it's enough for me
now... im scared and confusion , must i buy again at current price or waiting dumper  

what your opinion ?

wait for dumper....
its gone to far to fast man.

at this point, if i wasn't at a halloween party, and not drunk ( i make it a point not to trade drunk under any circumstances anymore ) i'd be dumper...

so when does this shiz go exponential?

in ~ 6 months

we'll be trading in the 300's for a while, accumulating all the bears and the dumb fucks coins then we start to really move up!

Mmmm maybe, I was hoping for dumpstyles, I don't want the accumulation stage to end, so I'm still optimistic that we will see massive correction back to 230...

 Realistically, at least I think it's not going ballistic. 300-400 is the new 200-300,

6 months of bouncing in the 3-4 hundred range still be fine, slowly creeping up to 500 around the time of the halving, 6-9 months after that I just hope we can stay below 5000.

i think we'll stay in this order of magnitude randomly bouncing up and down, with a pretty clear upward drift, then all of a suddenly we are going to shoot for that 32,000$.

the way i see it once we break 1000 its for a good reason, like bitcoin in the news as a safe haven from the world economic crisis, we'll see the Fiat world crumble and at the same time we'll have big banks and institutions proclaiming bitcoin as the solution / natural evolution of money. shit is going to go wild, with bitcoin as the official future of money we can EASILY see 1000 - 5000 $ in a week.

[Cconvert2G36]

Nasdaq August tweet comes to pass.  He made no mention of XT dragging it down, so I guess it's an even safer haven than he imagines heh:

https://twitter.com/NASDAQ/status/629363305598046208

Of course XT was a factor in the drag down. Not because it simply existed, but because it highlighted a major impediment to growing the network. I fully expect core will be compelled to do something in jan 2016, if not, it means they have been captured by (not so hard to discern) external forces.

 

[xxxxxzzzzz]

Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).

[ChartBuddy]

Coin

Explanation

[BlindMayorBitcorn]

Nasdaq August tweet comes to pass.  He made no mention of XT dragging it down, so I guess it's an even safer haven than he imagines heh:

https://twitter.com/NASDAQ/status/629363305598046208

Of course XT was a factor in the drag down. Not because it simply existed, but because it highlighted a major impediment to growing the network. I fully expect core will be compelled to do something in jan 2016, if not, it means they have been captured by (not so hard to discern) external forces.

 

I predict half a dozen side-chains all starting with 'L'.

[adamstgBit]

Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).

CNY devalued recently
China man buys a lot of bitcoin.
makes sense

[adamstgBit]

here we go bouncing above 335 

[adamstgBit]

fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple.  

[Scream]

Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).

CNY devalued recently
China man buys a lot of bitcoin.
makes sense

i think we can't trust Chinese market, the volume market is "fake"
he use leverage to increase market volume

"loan system and 0% fee" make me doubt to trust chinese volume

[BlindMayorBitcorn]

fuck man the guest at my gf halloween party just won't leave, i made a "last little coffee" and everything, STFU and go home poeple.  

I think Nostradamus predicted that would happen.

Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).

CNY devalued recently
China man buys a lot of bitcoin.
makes sense

i think we can't trust Chinese market, the volume market is "fake"
he use leverage to increase market volume

"loan system and 0% fee" make me doubt to trust chinese volume

And that.

[dothebeats]

Sitting at $326. Seems like not everyone is in the mood to be bullish today.

[Cconvert2G36]

~Taps lightly on volumizer~

Is this thing on?

[dothebeats]

~Taps lightly on volumizer~

Is this thing on?

Most are probably sleeping or working right now. As for the rally, the Chinese seemed to take a break.

[JorgeStolfi]

Just thought I'd point out the current CNY USD rate , per today according to http://www.bloomberg.com/quote/USDCNY:CUR , to dispel any notion that the chinese exchanges are not running at a +$25 differential to the western exchanges as a result of a not updated exchange rate on bitcoinwisdom and whatever other btc price trackers are being used - yes it's true the CNY has devalued somewhat the past couple days/weeks , but , they are indeed trading at ~$350 USD per current spot rate (2215 / 6.3174 = $350.62) at time of this post. The CNY would have to be devalued by roughly 9% additionally VS USD (a rate of 6.8154) to be considered to be trading at an equivalent price. Since a 9% devaluation overnight of the CNY is highly unlikely to say the least , it's up to the western exchanges to catch up at this point to their $350 (or at least we should have pretty good justification not to dump alongside the chinese exchanges , which are in fact most certainly already trading at a significantly higher rate).

Thanks for doing the math that I should have done.  So the difference is real and not due to the exchange rate; and it is new (on June 19, for example, the prices were ~1422 CNY and ~228 USD, which are consistent with the exchange rate at the time, 1:6.21.)

[Cconvert2G36]

~Taps lightly on volumizer~

Is this thing on?