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

[bargainbin]

...
bitcoin does scale!
...

Why price can't stay up on its own? Why it go all flaccid & droopy when pumping stops?

Bitcoin is hardly flaccid and droopy.

In early November 2015, we got a pump to $502... however, BTC prices have been largely between $360 and $460 thereafter.  I would hardly call those price dynamics flaccid and droopy.. instead I would call that "in a pretty decent place."


Yeah, sure, BTC prices may go back into the $300s and maybe even there could be another attempt at going below $350... but it is seeming less and less likely and more and more difficult to bring bitcoin below those seemingly firm price points.. There have been attempts to bring BTC prices below $400 in the past month, and even that has been seemingly difficult.. I would hardly call that flaccid and droopy.

In other words,

It's flaccid alright.
Flaccid. Limp and droopy, like a postcoital D.

You can repeat your conclusion all that you like, but you have no analysis, logic or facts in order to attempt to describe or support how you arrived at such a wishful-thinking conclusion.

You can't deny it's flaccid tho. And also tiny.
Disappointingly small

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[Divitiae miserae]

Meanwhile, in the world of the ineffable coin:

[hdbuck]

"This brings me to Bitcoin. I think that Bitcoin could be the world's next great safe asset. At least, it certainly seems to have all the properties that are desired in a safe asset. "

"This "Bitcoin as a large-value transfer system" does not destroy my thesis: Bitcoin can remain a desirable safe asset. "

"Once market penetration is complete, its return behavior is likely to mimic the return behavior of any other safe asset."

"Investors can expect to earn unusually high returns in a crisis event."

"In short, it's a great investment"

~David Andolfatto, Vice-President Fed Bank of St-Louis


http://andolfatto.blogspot.fr/2016/03/is-bitcoin-safe-asset.html

[bargainbin]

"In short, it's a great investment"

~David Andolfatto, Vice-President Fed Bank of St-Louis

http://andolfatto.blogspot.fr/2016/03/is-bitcoin-safe-asset.html

And yet there are still those who refuse to believe that Bitcoin is a honeypot

[Meuh6879]

i have a 1GBps connection with unlimited bandwidth.

if we all hook on to my super fast internet we can scale bitcoin! 

  luckily, Bitcoin network ... use than a "unlimited" connexion.
Like power, hard drive and ... smart developpment.

[Divitiae miserae]

Full astern!

[adamstgBit]

kinda feels like the next 24 hours are citiral

[Gyrsur]

kinda feels like the next 24 hours are citiral

next two weeks^TM are critical!

[Elwar]

I see a trend here.

Price starts going up:
"Woo hoo! Moon gifs!"

Price starts to fall:
"Hi I'm a blocksizetard, here is my opinion on development issues"

[bargainbin]

Thank you Adam, you're the first Classic/2MB shill who has been polite enough to ask. Please leave.

Carlton, where have you been? Your direct approach was missing in some of these discussions (for a while).
Anyhow, you do make a point. The majority of the users do not like the people supporting controversial hard forks in addition to all of them being moved to the altcoin section. Things would be much more simpler if people like Veritas, Adam, etc. just left. Forums have been created to suit the needs of the people supporting such forks, they might as well use them.

Right on! We never liked him anyhow.

Bitcoin needs to shrink!

[PoolMinor]

Full astern!

Captain Obvious here again:
The price increase was due to one or more entities simply purchasing BTC, they were not pumping the price as we normally see, they were accumulating all in one go; The reason the price faltered afterward.

 

[blunderer]

...
Captain Obvious here again:
The price increase was due to one or more entities simply purchasing BTC, they were not pumping the price as we normally see, they were accumulating all in one go; The reason the price faltered afterward.

0hai. That entity "accumulat[ed] all in one go"? Wonder if it knows how stupid "accumulating all in one go" in an illiquid market is?

[PoolMinor]

...
Captain Obvious here again:
The price increase was due to one or more entities simply purchasing BTC, they were not pumping the price as we normally see, they were accumulating all in one go; The reason the price faltered afterward.

0hai. That entity "accumulat[ed] all in one go"? Wonder if it knows how stupid "accumulating all in one go" in an illiquid market is?

Think past the obvious.......Now that your head is clear, formulate a query that actually shows you took some time to think....

[marcus_of_augustus]

I see a trend here.

Price starts going up:
"Woo hoo! Moon gifs!"

Price starts to fall:
"Hi I'm a blocksizetard, here is my opinion on development issues"

... you forgot the sad ether-pumpers who crawl out when it goes down too.

[inca]

... you forgot the sad ether-pumpers who crawl out when it goes down too.

Because seeing the price rise from a single large order somehow confirms your point of view on the matter.

Hopefully we break upwards out of this enormous flag.

[blunderer]

...
Captain Obvious here again:
The price increase was due to one or more entities simply purchasing BTC, they were not pumping the price as we normally see, they were accumulating all in one go; The reason the price faltered afterward.

0hai. That entity "accumulat[ed] all in one go"? Wonder if it knows how stupid "accumulating all in one go" in an illiquid market is?

Think past the obvious.......Now that your head is clear, formulate a query that actually shows you took some time to think....

Sry. Didn't mean to spoil your "one or more entities ... accumulating all in one go" fantasy. Of course they're accumulating, Sweetness!  They want your Beanies so hard, why, they don't even care about slippage

[PoolMinor]

Sry. Didn't mean to spoil your "one or more entities ... accumulating all in one go" fantasy. Of course they're accumulating, Sweetness!  They want your Beanies so hard, why, they don't even care about slippage

Still showing your less than stellar brain capacity and leading with your ignorance. You still haven't discovered the underlying theme behind such a purposeful buy. But you should probably go back to your other threads you seem to mindlessly attack.

[blunderer]

... You still haven't discovered the underlying theme behind such a purposeful buy. ...

... they were [totally] not pumping the price [I'm super srs!]

[JayJuanGee]

Full astern!

Captain Obvious here again:
The price increase was due to one or more entities simply purchasing BTC, they were not pumping the price as we normally see, they were accumulating all in one go; The reason the price faltered afterward.

  

Yeah, right.... That's great logic, and this one entity chose to make such a purchase during a very low volume time in order that they wouldn't have to pay the same price for every single coin.  



Edit:  Looks like Blunderer beat me to the punch on this theme..... funny that I may have been reading this thread so long that I am beginning to parrot some of the ideas of Lambie...   

[marcus_of_augustus]

I notice that the trolls never ever once mention the halving ... or anything else positive, wonder why that is?