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

[Ibian]

Bitcoin made it to the top 50 on Google Trends....beating out "Cat food"

Giddy up!!








https://www.google.com/trends/

But cat food is delicious.

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[rjclarke2000]

any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.

Yep - one here Spooder. That would be fantastic.

The crazy thing is, I've tried to explain bitcoin to quite a few people over the last few years. Some have nodded approvingly - but most have been sceptical. But none that I know of have acquired any BTC. I'm watching this rise on my own (so to speak)

The one I'm waiting for is $1163 on stamp. And I'm starting to think I might see it before 23:59 GMT.

I have spent so much time watching the price over the festive period its embarassing.

Where do you guys buy/sell BTC, by the way? I get paid monthly in bitcoin and since Circle shut down BTC sells I have to resort to Coinfloor. It's not bad but still a hassle and you get spanked on withdrawals, of course.

I used both of those - Circle was OK. Not used Coinfloor for a while (and when I did it wasn't for long) - little liquidity.

Not sold for a while - tend to buy on Localbitcoin.

Have you tried Uphold - it used to be called Bitreserve ? As you are being paid in BTC it lets you hold your value (BTC) in various other assets ie. gold, platinum, $ etc.
Transfers out in GBP are no worse in fees than anywhere else IIRC

 

Interesting, will take a look. Basically I cash out to pay bills, so nothing fancy required. But even that's hard to come by in the UK...

Another UKer here too spooder.

[European Central Bank]

Rally would continu until 1 july 2017 : https://twitter.com/vexmark/status/816078784935948288

and then the crash of the century? i wish china would settle their position once and for all so everyone else can get on with it.

[machasm]

any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.

Yep - one here Spooder. That would be fantastic.

The crazy thing is, I've tried to explain bitcoin to quite a few people over the last few years. Some have nodded approvingly - but most have been sceptical. But none that I know of have acquired any BTC. I'm watching this rise on my own (so to speak)

The one I'm waiting for is $1163 on stamp. And I'm starting to think I might see it before 23:59 GMT.

I have spent so much time watching the price over the festive period its embarassing.

Where do you guys buy/sell BTC, by the way? I get paid monthly in bitcoin and since Circle shut down BTC sells I have to resort to Coinfloor. It's not bad but still a hassle and you get spanked on withdrawals, of course.

I used both of those - Circle was OK. Not used Coinfloor for a while (and when I did it wasn't for long) - little liquidity.

Not sold for a while - tend to buy on Localbitcoin.

Have you tried Uphold - it used to be called Bitreserve ? As you are being paid in BTC it lets you hold your value (BTC) in various other assets ie. gold, platinum, $ etc.
Transfers out in GBP are no worse in fees than anywhere else IIRC

Uphold looks interesting.
0.75% exchange fee is a little high but certainly looks convenient way to swap currencies.

[European Central Bank]

Uphold looks interesting.
0.75% exchange fee is a little high but certainly looks convenient way to swap currencies.

isn't the ceo of uphold borderline anti bitcoin? i seem to remember him saying it would be nowhere in a few years, kinda like the circle ceo funnily enough.

and they're balls deep in some weird crypto named voxels that i've never heard of.

[SnokkomBTC]

100 $ arbitrage, China vs US. too much

[machasm]

Uphold looks interesting.
0.75% exchange fee is a little high but certainly looks convenient way to swap currencies.

isn't the ceo of uphold borderline anti bitcoin? i seem to remember him saying it would be nowhere in a few years, kinda like the circle ceo funnily enough.

and they're balls deep in some weird crypto named voxels that i've never heard of.

Only just started looking so don't know who is running the show or if that is of any concern for me at this point?

[eddie13]

any other UKers here holding their breath for ~$1230 when we finally hit £1000? that is gonna be when my head explodes.

Yep - one here Spooder. That would be fantastic.

The crazy thing is, I've tried to explain bitcoin to quite a few people over the last few years. Some have nodded approvingly - but most have been sceptical. But none that I know of have acquired any BTC. I'm watching this rise on my own (so to speak)

The one I'm waiting for is $1163 on stamp. And I'm starting to think I might see it before 23:59 GMT.

I have spent so much time watching the price over the festive period its embarassing.

Where do you guys buy/sell BTC, by the way? I get paid monthly in bitcoin and since Circle shut down BTC sells I have to resort to Coinfloor. It's not bad but still a hassle and you get spanked on withdrawals, of course.

I'd check out wallofcoins

[uhoh]

This correction (hopefully just that) is pretty welcome. Was getting too bubbly..

[HairyMaclairy]

This correction (hopefully just that) is pretty welcome. Was getting too bubbly..

Interesting days. I have buy orders back in the high triples which were left behind and I just let them sit there.  Let's see if they get a visit from the volatility fairy.

[JCviggen]

This correction (hopefully just that) is pretty welcome. Was getting too bubbly..

Not that China being 110 dollars higher than the highest USD exchange looks particularly normal.

[snipie]

This correction (hopefully just that) is pretty welcome. Was getting too bubbly..

Euuh hope so
The bitcoin price went $30 down since the last time I checked it... I should say that the rise was very quick also
In the other hand the price at the Chinese exchanges is over $1200!

[gembitz]

^don't you read Chinese newspaperzzz?    //^BTC*$1500 resistance*

[eddie13]

It makes me wonder if the "official" cny/usd exchange rate isn't just a fixed manipulated lie and what we are seeing as a spread between the chinese exchanges and the western exchanges more realistically represents the value difference of said currencies, in the real world..

[HairyMaclairy]

This correction (hopefully just that) is pretty welcome. Was getting too bubbly..

Euuh hope so
The bitcoin price went $30 down since the last time I checked it... I should say that the rise was very quick also
In the other hand the price at the Chinese exchanges is over $1200!

Economics 101 should teach us that deflationary expectations of the yuan should push a widening arbitrage gap between Western and Chinese exchanges.

[RGR991]

Dbl top and back down to 200 before the next leg  



even though China exchanges have invalidated that theory....

[spiderbrain]

100 $ arbitrage, China vs US. too much

That's if you believe the official CNY/USD exchange rate, which no one does anyone. Bitcoin is getting a leg up from Chinese petite bourgeoisie using it as a way of avoid capital controls before China rapidly devalues. Thanks PBOC for the pump

[JimboToronto]

There's always been a big gap between prices in China and the western exchanges but this is getting ridiculous. Huobi is currently over $100 higher than any of the western exchanges.

There's no correction happening at Huobi.

[monbux]

100 $ arbitrage, China vs US. too much

There are some people out there making bare cash.

Again, gotta quote Mr. Buffet here:
“Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”

[spooderman]

There's always been a big gap between prices in China and the western exchanges but this is getting ridiculous. Huobi is currently over $100 higher than any of the western exchanges.

There's no correction happening at Huobi.

shit you're right, wtf