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Question: What happens first:
New ATH - 43 (69.4%)
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26370682 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
yefi
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October 01, 2016, 04:28:36 PM

Over all these years, we should be at 100m users:

Seven short years does not 100m users make. Be patient and give the game time to develop.
Once a transaction has 6 confirmations, it is extremely unlikely that an attacker without at least 50% of the network's computation power would be able to reverse it.
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October 01, 2016, 05:19:32 PM

It's not much but the price is moving in the right direction by the looks of it. We're up $10 since I last checked the price around 24 hours ago. Hopefully we have a bullish October.
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October 01, 2016, 05:46:55 PM
Last edit: October 01, 2016, 06:09:26 PM by JayJuanGee

It's not much but the price is moving in the right direction by the looks of it. We're up $10 since I last checked the price around 24 hours ago. Hopefully we have a bullish October.



Very low volume trickle up.

Do we want to get anxious regarding how far prices can continue to trickle upwards before such movement triggers attention, higher volume and significant attempts to move the price in either direction?  

Moving to mid-$620s seems reasonable, especially since we've been there before, a mere three weeks ago, no?  

Maybe we will get lucky with another test of resistance approaching $630 in the reasonable near-term future, such as this weekend?
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October 01, 2016, 06:32:35 PM

It's not much but the price is moving in the right direction by the looks of it. We're up $10 since I last checked the price around 24 hours ago. Hopefully we have a bullish October.


Getting above $600 was a massive psychological barrier. Now we are past it the momentum of price increases is accelerating. Less than half a day ago it was only a few dollars above 600, now it's a few dollars above $610. By next week it could be above $650.
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October 01, 2016, 07:15:47 PM

It's not much but the price is moving in the right direction by the looks of it. We're up $10 since I last checked the price around 24 hours ago. Hopefully we have a bullish October.


Getting above $600 was a massive psychological barrier. Now we are past it the momentum of price increases is accelerating. Less than half a day ago it was only a few dollars above 600, now it's a few dollars above $610. By next week it could be above $650.

I don't see how $600 could be a "massive psychological barrier," when prices have largely been floating in that price arena for a considerable amount of time.. one month at minimum and arguably a couple of months... ..

Really the current consolidation range still seems to be in the $560 to $630 territory, and yeah, we are starting to approach the upper half of that consolidation range, and accordingly, if prices break out of our current consolidation range, then maybe at that point we could start counting our chickens, no?
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October 02, 2016, 05:04:41 AM

I think this is the reason that started the pump...

https://www.theguardian.com/world/video/2016/sep/30/panda-cubs-make-public-debut-in-china-video



On national day of China ... 23 baby pandas boost a lot of confidence! Cheesy  Cheesy
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October 02, 2016, 05:37:53 AM

Lots of time to gather trains and rockets pics. It's 50% of the job. Market makers do the rest.
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October 02, 2016, 05:38:42 AM

Someone at Finex just shit the bed.
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October 02, 2016, 05:40:41 AM

575 wtf. Hit the wrong button or what
yefi
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October 02, 2016, 05:44:05 AM

Someone at Finex just shit the bed.

No kidding - 3000 BTC market sell. Maybe it's Manbearwhale or something  Tongue
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October 02, 2016, 08:05:50 AM

Someone at Finex just shit the bed.

No kidding - 3000 BTC market sell. Maybe it's Manbearwhale or something  Tongue

https://i.imgur.com/HKRAcOs.png
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October 02, 2016, 08:31:16 AM


That would be pretty funny if true. The dump certainly had the hallmarks of a total n00b. Somebody should check if there's been a large sum of old, unspent coins that moved recently.
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October 02, 2016, 08:31:37 AM

Someone at Finex just shit the bed.

No kidding - 3000 BTC market sell. Maybe it's Manbearwhale or something  Tongue




Pepe's birthday already??  Roll Eyes
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October 02, 2016, 10:09:53 AM

LMAO, that was him?
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October 02, 2016, 03:05:33 PM
Last edit: October 02, 2016, 10:55:04 PM by sirazimuth


That would be pretty funny if true. The dump certainly had the hallmarks of a total n00b. Somebody should check if there's been a large sum of old, unspent coins that moved recently.

reminds me of the tale of  that dude that chucked out his old HD then discovered
the bitcoin he had on it was worth millions. except this lucky bastard didnt lose em.
im thinkin if this is true we may well read about it in the papers unless he's smart and keeps
his mouth shut. im sure mr tax man would be very interested indeed.
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October 02, 2016, 03:33:19 PM



That would be pretty funny if true. The dump certainly had the hallmarks of a total n00b. Somebody should check if there's been a large sum of old, unspent coins that moved recently.

reminds me of the tale of  that dude that chucked out his old HD then dicovered
the bitcoin he had on it was worth millions. except this lucky bastard didnt lose em.
im thinkin if this is true we may well read about it in the papers unless he's smart and keeps
his mouth shut. im sure mr tax man would be very interested indeed.


He probably has no clue that the banking system will collapse very soon and all his money will be somehow worthless in time... currency wars are about to hit the "sh!t fan".
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October 02, 2016, 03:51:39 PM

well, when the system collapse, you always want to ...




or ... buy a bunker, too.


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October 02, 2016, 03:54:50 PM

how do you get a desktop drive into a laptop? how does an unforked wallet show up? if he didn't know what he was doing how did he mine 60 blocks?
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October 02, 2016, 04:14:25 PM

That rounded top on bitstamp looks really weird
JayJuanGee
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October 02, 2016, 06:58:11 PM

That rounded top on bitstamp looks really weird

What's so weird or surprising about it? 

All this BTC trading activity of the past couple of days is taking place with very small volume (absent the 3k coin dump on Bitfinex), so in that regard, the trading pattern can easily take almost any kind of form within several percentage price fluctuation at a very low cost.  In other words, low trading volume facilitates an environment for relatively easy pushing of the price in nearly any direction that is wanted at very little cost... that ease of manipulation does not necessarily mean that manipulation is actually taking place, but only that in current market conditions, manipulation is quite easy to pull off through the use of very few coins... and accordingly, can create almost any kind of pattern/image, like a Rorschach test.
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