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

[BitChick]

Over $100 drop in just a few hrs., nice!
I know many of you are expert at extrapolating from similar data, while I'm young, innocent, and in need of guidance. Please, kind Sirs, critique my prognostication:
At this rate, BTC will be worth ...-$100 (negative one hundred dollars) by tomorrow nigh.
Did I get my maths right?

No.  It is just manipulation to try and get some panic going so more coins can be picked up before the price takes off even more.  Perhaps because of the Fed's auction tomorrow some bigger players are even trying to keep the price lower before that is over?

I think we will see 600 before the end of the week and we will hit 1000 by the end of next. 


But you can wait for $100 coins if you like.

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[BinaryReign]

Over $100 drop in just a few hrs., nice!
I know many of you are expert at extrapolating from similar data, while I'm young, innocent, and in need of guidance. Please, kind Sirs, critique my prognostication:
At this rate, BTC will be worth ...-$100 (negative one hundred dollars) by tomorrow nigh.
Did I get my maths right?

 No need for you to wait until then, I'll let you pay me $100 to take each of your bitcoin tonight 

[Flyskyhigh]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

[billyjoeallen]

On BFX, >40% of bears covered during the correction. <5% of Bulls covered.  It appears there is still significant irrational exuberance in the bovine camp.  Oh, goody.  There's just something about getting a margin call that focuses the mind.  When the Chinese counterattack tonight, I think I'll wait until I see the whites of their eyes before unloading my now much larger bazooka on them.  Y'all feel free to join in the fun.

[infofront]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

One of bitcoin's most useful functions in action!

[spiderbrain]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

Of course, hence the huge disparity. USD exchange day traders were tagging along with the Chinese lead, when they should have been doing the opposite because of the buy/sell flow. It's like the end of gox except CNY in China is like USD "trapped" in gox in the last weeks.

[billyjoeallen]

Ahem,

Dear bulls. Dear sweet beautiful bulltards, Thank you so much for the lovely money.  I must admit, you gave it a good shot.  You almost had me. I had to post additional margin @ $480/BTC to avoid a forced liquidation. Allow me to be magnanimous in victory.  You see, I'm a fireman. When things get to hot, I cool them down. It's what I do.  Now I may be a blue collar guy, but I'm a professional.  I get paid to cool things down and today I got paid handsomely. Thank you for that. In return for your generousity, I invite y'all to kiss my working class butt.

Respectfully,

billyjoeallen, esq.

P.S. I you want to give it another shot, I'm your huckleberry.

Finally the bears appears. Where you hided the last 2 weeks?  

Unlike many of y'all, I actually go out and do what we colloquially call down hear in the swamp "work".  It's quite rewarding.  I highly suggest you try it. 

[gizmoh]

Coins are suddenly raining in china.. No more FOMO buy so far. This might seal this run..

[JimboToronto]

...They aren't just buying Bitcoin, they are just using Bitcoin...

ftfy

[infofront]

Just a healthy pullback.

[tarmi]

On BFX, >40% of bears covered during the correction. <5% of Bulls covered.  It appears there is still significant irrational exuberance in the bovine camp.  Oh, goody.  There's just something about getting a margin call that focuses the mind.  When the Chinese counterattack tonight, I think I'll wait until I see the whites of their eyes before unloading my now much larger bazooka on them.  Y'all feel free to join in the fun.

I am starting to like you.

[bButtercup]

Over $100 drop in just a few hrs., nice!
I know many of you are expert at extrapolating from similar data, while I'm young, innocent, and in need of guidance. Please, kind Sirs, critique my prognostication:
At this rate, BTC will be worth ...-$100 (negative one hundred dollars) by tomorrow nigh.
Did I get my maths right?

No.  It is just manipulation to try and get some panic going so more coins can be picked up before the price takes off even more.  Perhaps because of the Fed's auction tomorrow some bigger players are even trying to keep the price lower before that is over?

I think we will see 600 before the end of the week and we will hit 1000 by the end of next.  

   



But you can wait for $100 coins if you like.

Wow, it's as if a massive, man-sized Rpetilian (is that how you spell it? I mean the gentlemen with a boarded-up derelict mental asylum in the middle of east buttfuck nowhere castle) was speaking through you!
Did you, at least, follow his advice and sell a bit, to 'lock in profits' lol?

[ChartBuddy]

Coin

Explanation

[BlindMayorBitcorn]

In other news: A smoke shop in Atlanta, Georgia, was robbed of its bitcoin ATM during a brazen heist this week.

[billyjoeallen]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

And when the last coin leaves China, y'all better pray there's another totalitarian regime somewhere doing something equally evil and stupid or demand will dry up like a bull turd in the Mohave.

[coins101]

Just a healthy pullback.

I lost everything.

I'm going to be out on the streets next month.

I'll have to give the car back.

And

You call that healthy?

You're a sick dude.

[canth]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

And when the last coin leaves China, y'all better pray there's another totalitarian regime somewhere doing something equally evil and stupid or demand will dry up like a bull turd in the Mohave.

Is there really a time when a totalitarian regime isn't doing something equally stupid as implementing capital controls and currency manipulation? Rinse and repeat.

[billyjoeallen]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

And when the last coin leaves China, y'all better pray there's another totalitarian regime somewhere doing something equally evil and stupid or demand will dry up like a bull turd in the Mohave.

Is there really a time when a totalitarian regime isn't doing something equally stupid as implementing capital controls and currency manipulation? Rinse and repeat.

You have a fair point, but unless the poor wretched souls who reside in those godforsaken hellholes have something worth trading, how are they going to get the coins? There's not a big market for Venezuelan ponchos or whatever.  They do have literal boatloads of oil, so there's that, but I'm pretty sure the kleptocratic government nationalized that years ago.   

[bButtercup]

In other news: A smoke shop in Atlanta, Georgia, was robbed of its bitcoin ATM during a brazen heist this week.

Ha . . . haha . . . hahahahahahaha Oh man, I literally couldn't type for like five minutes after reading that, laughing too hard. Please, everyone who hasn't read  that yet, read hahahahahah readi it! http://www.coindesk.com/bitcoin-atm-thieves-strike-atlanta-smoke-shop/

[harrymmmm]

Buying in Chinese Yuan, selling in USD. They aren't buying Bitcoin, they are just using Bitcoin to buy Dollars. To avoid capital controls.

And when the last coin leaves China, y'all better pray there's another totalitarian regime somewhere doing something equally evil and stupid or demand will dry up like a bull turd in the Mohave.

Is there really a time when a totalitarian regime isn't doing something equally stupid as implementing capital controls and currency manipulation? Rinse and repeat.

Sure.
We've all known for years that bitcoin would shine in crises. We've seen it proven a few times now.
Nothing new about it.
Impossible to predict and exciting to watch tho!