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

[DaRude]

I'm calling a bottom _{(famous last words )}

So was it just whales at play on a mini-pump? (ie the whales tipped their hand and moved too soon and too fast on their tango of the rest of us in the dust)

Must be nice to play with BTC price like it is your personal 'angry birds' game

Bid sides are looking healthier at these levels. No flash crashes. Longs are huge but it wont be cheap to shake them and there are BTC10k till $420 on finex ready to catch them. Getting close to halfing, too much uncertainty so i'm speculating that sides are more likely to dig in then start dumping too much. We raised on little volume and thin bid side so were due for a smack down. But as i write this BTC400 ask wall comes up on stamp and there're BTC1k to $444 on finex

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[AlexGR]

Well, it was a surprise that dumping began this fast.
I thought that it will take at least a day or two, before the BTC->STEAM->$ engine will show it's effect. Things will probably get interesting because I doubt that the engine is running at it's peak.
Most here are blinded by big words and can't understand how thin the buy side really is. The price isn't holding because of the strong bid side, but because of the desperate miners who want to see some ROI.

We have no idea who sold. It could be guys that bought at 370-400 when others were like "OMG I WONDER WHY IT IZNT AT SUB200". There was looooooooot of buying back then at the dumps of weak hands.

[Mervyn_Pumpkinhead]

Well, it was a surprise that dumping began this fast.
I thought that it will take at least a day or two, before the BTC->STEAM->$ engine will show it's effect. Things will probably get interesting because I doubt that the engine is running at it's peak.
Most here are blinded by big words and can't understand how thin the buy side really is. The price isn't holding because of the strong bid side, but because of the desperate miners who want to see some ROI.

We have no idea who sold. It could be guys that bought at 370-400 when others were like "OMG I WONDER WHY IT IZNT AT SUB200". There was looooooooot of buying back then at the dumps of weak hands.

If some steam coins weren't sold yet, then it only means that there are even more coins out there, waiting to be sold in the near future

[Fatman3001]

5$ up in a few min

interdasting

[r0ach]

5$ up in a few min

interdasting

Easy call

http://bitcointalk.org/index.php?topic=1453190.0

[Ted E. Bare]

Quite the retrace that was gentlemen.

[Denker]

Higher lows?
What do you think?

[conspirosphere.tk]

Interesting: there is a bloodbath in stocks and gold is up.  Do we quack like a stock now?

[Elwar]

A big rally requires not only timing but also something to rally around (whether real or not).

One rally was started with the US Senate legitimatized Bitcoin. The last rally was when China got involved and everyone believed all of China would be buying bitcoins.

I think the Winklevoss ETF released before the halving would push the price up over $5,000.

Steam accepting bitcoins is a great boost until people realize that it just means people will be spending their bitcoins that they've been sitting on for a while which will be converted to dollars. (a major merchant accepting bitcoins usually does not boost the price).

[r0ach]

halving would push the price up over $5,000.

[ImI]

A big rally requires not only timing but also something to rally around (whether real or not).

One rally was started with the US Senate legitimatized Bitcoin. The last rally was when China got involved and everyone believed all of China would be buying bitcoins.

I think the Winklevoss ETF released before the halving would push the price up over $5,000.

Steam accepting bitcoins is a great boost until people realize that it just means people will be spending their bitcoins that they've been sitting on for a while which will be converted to dollars. (a major merchant accepting bitcoins usually does not boost the price).

The halving should be enough to rally around.

[road to morocco]

Interesting: there is a bloodbath in stocks and gold is up.  Do we quack like a stock now?

https://i.imgur.com/sKKOdUb.png?1

http://s32.postimg.org/u893u7eut/Capture.pnghttp://s32.postimg.org/p6pb9qi2d/Capture.png

Bloodbath ::0

All you had to do was listen...

Dangerous waters, gentlemen. A gentleman can get to get hurt if he ain't careful.

http://s32.postimg.org/uubopmx6t/ouchies.gif

...

http://s32.postimg.org/ijdo8g4ud/save.gif

[Elwar]

A big rally requires not only timing but also something to rally around (whether real or not).

One rally was started with the US Senate legitimatized Bitcoin. The last rally was when China got involved and everyone believed all of China would be buying bitcoins.

I think the Winklevoss ETF released before the halving would push the price up over $5,000.

Steam accepting bitcoins is a great boost until people realize that it just means people will be spending their bitcoins that they've been sitting on for a while which will be converted to dollars. (a major merchant accepting bitcoins usually does not boost the price).

The halving should be enough to rally around.

The halving provides fundamental momentum. People need something bigger to rally around believing the price will go to $10-$20,000. People dumping their retirement savings into bitcoin would do that (or at least the perception of it).

[whoreble]

The halving should be enough to rally around.

The halving provides fundamental momentum.

*plausible backstory

Bitcoin needs more milestones to celebrate & rally around. My humble proposal:

May 17         International "Only 21 Million BTC Will Ever Be Mined!" day.
May 8           Bitmother's day <==this can be used as a template, take legacy holiday and add "Bit."
December 25  Satoshismas -- Our Savior's birthday.
April 30         Passover (Bitcpoin's not banned yet, huzzah! day)

What you think?

[abercrombie]

is crypto done?? 

[Fatman3001]

is crypto done?? 

Don't know what you're talking about. Everything is ok.

[road to morocco]

https://blockchain.info/tx/cc455ae816e6cdafdb58d54e35d4f46d860047458eacf1c7405dc634631c570d

Total Output:    0.0001 BTC
Fees:            291.2409 BTC

The Fee
https://imgflip.com/s/meme/Too-Damn-High.jpg
Is too damn high!

Update:
(Rindfliesch = source of the story that BitClub is pure as driven snow & is trying to return the B to hapless B-coiner.)

First, Rindfliesch does not appear to be employed by BitClub Network. His Twitter bio states that he “joined #BitClubnetwork to earn bitcoins passively everyday,” suggesting that he’s invested in the company’s mining pool operation. A link in his bio directed me to a sign-up page for BitClub Network that names Rindfliesch as a “sponsor,” suggesting that he is a part of the company’s affiliate marketing program.

When Motherboard reached Rindfliesch for comment, he confirmed that he is not an employee of the company, but is a "shareholder," meaning he bought into BitClub Network's mining pool program, and refers others to the company. He told me that the message he posted came from an internal news release sent to BitClub Network members. Moreover, he confirmed that he does not know who owns the company, and to his knowledge has never spoken to an employee.

*Motherboard's reportage is a bit shaky tho: brother was trying to send a nickel, not $5.

[nioc]

Anybody have a way to contact the head of Bitcoin?  I'm trying to send some and it's been 44 minutes since the last block and I see that all the recent blocks have been full.  Maybe they can hit the reset button.  Thanks

[pinger]

Anybody have a way to contact the head of Bitcoin?  I'm trying to send some and it's been 44 minutes since the last block and I see that all the recent blocks have been full.  Maybe they can hit the reset button.  Thanks

Satoshi is now on phone, he will call u back later.

[JimboToronto]

Good morning Bitcoinland.

Another dip, all the way down below $440, which was buyable except it happened while I was at the ballgame. By the time I got back it was too late and this morning it's back up almost to $450. Window of buying opportunity closed. Oh well, maybe someone else will dump a few thousand coins more and I'll get another chance.

In the meantime these massive dumps have put us all the way back to where we were 5 days ago. That's such a long time.