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

[bitebits]

We almost got spoiled by the last three weekends in a row, which almost cause an expectation that something is going to happen either this weekend or next week?  Anyone?  I'm placing breaking into $800 as a bit greater odd than breaking below $680.... You see that I have been somewhat tempered by two years of bear dumps.

I am not trading, but would not be surprised if we get dumped back to the low 600's or even high 500's.
Just to create some healthy Bitcoin panic.

Whatever way we go: fasten your seat belt.

[calme]

We're just pushing up through RMB 5000 sells and will do so sooner or later. No worries

[inca]

I am scaled back to 1/3: btc and 2/3 cash in my trading stash. Expect the price to moon as a consequence. Thank me later.

[rtrtcrypto]

That might be true (about following programmed logic), but shorting the market before that move is likely not to stand up as legal in court. If the hacker came forth, he would find legal trouble.

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

http://pastebin.com/CcGUBgDG

    I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

    "The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."

[ahpku]

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

In light of the tragical dearth of learnings amongst you gentlefolk, allow me to turn you on to this little-known trick utilized by the better-informed traders: it's called selling.

Unlike the unworldly hodler (who inevitably puts a ring on his beloved asset), a competent trader retains the option to offboard the gravy boat when said conveyance springs an annoying leak (such as The Great The_DAO multi-compartment double-hull breach of 2016).

To steer this doomed luxury liner back on its thrice-cursed tragical course topic, such savvy traders may utilize our beloved bitcoin in their cold, calculated exit strategies, thus generating temporary BTC demand. So if the smarter amongst you gentlemen* was wonderin' why BTC price has not adhered to its time-tested, tear-lubed trajectory (assured by maths, ballistics, and, most of all, gravity), that's why
*Inca has clearly been to universities...

[Sitarow]

Cute as that may be to sue all participants. it would be nice to see the face of the claimant.

Edit for clarity.

That might be true (about following programmed logic), but shorting the market before that move is likely not to stand up as legal in court. If the hacker came forth, he would find legal trouble.

There used to be so many bears in here. What happened to them? Identity crisis?

What happened to Assmaster and his bullshit on a coin beginning with E? I didn't see him boasting about a 30% drop

Pretty sure he's #Assrekt so hard right now ... he should have spent more time checking his smart contracts code instead of gloating on bitcoin forums about his altcoin scam. The harder they gloat the worse it was going to be for them. Vitalik and his crew better have good liability insurance cause the smart lawyers are lining up for their piece of a crack at #assrekt and buddies.

http://pastebin.com/CcGUBgDG

   I am disappointed by those who are characterizing the use of this intentional feature as "theft". I am making use of this explicitly coded feature as per the smart contract terms and my law firm has advised me that my action is fully compliant with United States criminal and tort law. For reference please review the terms of the DAO:

    "The terms of The DAO Creation are set forth in the smart contract code existing on the Ethereum blockchain at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413. Nothing in this explanation of terms or in any other document or communication may modify or add any additional obligations or guarantees beyond those set forth in The DAO’s code. Any and all explanatory terms or descriptions are merely offered for educational purposes and do not supercede or modify the express terms of The DAO’s code set forth on the blockchain; to the extent you believe there to be any conflict or discrepancy between the descriptions offered here and the functionality of The DAO’s code at 0xbb9bc244d798123fde783fcc1c72d3bb8c189413, The DAO’s code controls and sets forth all terms of The DAO Creation."

[umair01]

Pump starting again tomorrow when china wakes up?

[savetherainforest]

Them throws in the euro ... 666 ... keeps appearing and holding! Somebody likes their numbers! 

Pump starting again tomorrow when china wakes up?

It's just 23:00 in China ... on the East side of their country .. and is 23:00 ( but actually -5 hours from the normal time .. so it is still day on one side of China now (in the poor side of it) ... 18:00 on one West side and 23:00 in East China ).

[DeathAngel]

Pump starting again tomorrow when china wakes up?

Hopefully although we may have to wait until fresh fiat hits the exchanges on Monday?

[Tzupy]

Pump starting again tomorrow when china wakes up?

Hopefully although we may have to wait until fresh fiat hits the exchanges on Monday?

No, pump must start today, or...

[DaRude]

Pump starting again tomorrow when china wakes up?

Hopefully although we may have to wait until fresh fiat hits the exchanges on Monday?

That's exactly the reason the dragon bought everything in sight on weekends. I believe transfer of CNY to exchanges are pretty much instant. Not so much with usd.
Buy everything in sight in east on weekend, west and arbs run out of funds to keep up, there's a huge gap. When the gap is 10% and asia is already trading at a premium people start worrying and dumping more in east. Dragon gets more coins without moving the market as much.

Vs buy on a weekday, and there's a chance that west will keep up or even out run the east like we've seen few times lately = more expensive coins for dragon

Only works when dragon wants A LOT of coins like BTC15k+

[JimboToronto]

Good morning Bitcoinland. Still going sideways I see.



Forming a nice pennant, coming to a point tonight, perhaps?

[savetherainforest]

Finally!!! 

... It found uptrend ground! ... a few hours maybe then it breaks to a new high! 

Guesstimates anyone? 

[AZwarel]

Nice chunk of buys on stamp. Up we go

(in the mean time :https://cryptowat.ch/kraken/ethbtc, which might explain this up)

[DaRude]

Pump starting again tomorrow when china wakes up?

Hopefully although we may have to wait until fresh fiat hits the exchanges on Monday?

No, pump must start today, or...

Does this count? 

[Tzupy]

once we hit

747

this thing is going to take off.

Passengers of the last (and doomed  ) flight please return to the lounge, takeoff is delayed by a couple of hours.

Passengers of the last (and doomed  ) flight please commence boarding, the pilots are not sober yet and
the fuel tank is only half full, but we will try to give you the ride of your lifetime...

[LFC_Bitcoin]

Nice chunk of buys on stamp. Up we go

760, all aboard, destination moon.

[JimboToronto]

Wow. I go make coffee and see we're up $25. No waiting until tonight after all. The weekend is now.

[AZwarel]

$777

Also, blocks return to normal, less than 6k txs in waiting. Business as usual

[savetherainforest]

Finally!!! 

... It found uptrend ground! ... a few hours maybe then it breaks to a new high! 

Guesstimates anyone? 

I guess I'm quoting myself ... it looks like something between $805 <-> 830$ when it will peak! ... And with fallback stability between $790 <-> 805$