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

[explorer]

WTF!

Talking about fees I have just made my first Monero transaction, from Kraken to Poloniex. As I always do to check everything is ok, I have sent one single XMR, before sending the rest.

Ok, here comes the shocking part:

XXXXX   05-17-17 XXXXXX +XXXX   Monero   ɱ0.95000   ɱ0.05000 Success
   
WTF again!? A 5% fee?

I have never had any problem with fees paid by Kraken (it doesn't let you specify it) with BTC or any other coins so I have to assume that there are other coins with MUCH WORSE transactions fees?

This is crazy.

P.S.: Considering XMR is now around 25€, that's 1.25€....

That is dictated by the exchange, not XMR.  They tend to use a fixed fee that is favorable to themselves, but clearly have not adjusted it to reflect the rise in value.  Being in their favor, I wouldn't expect any action soon, nor any sort of response from support this month.  Kraken is too busy adding shitcoins to make what they've got work smoothly, so it is no surprise.  Sending XMR from YOUR wallet is much more reasonable.

[1715373469]

1715373469

[elite3000]

What's going on bitstamp?
Why this spread??
A few minutes ago spread got over 40 $!!!

It's not called Bearstamp for nothing.

During the last rally to almost $1900 they were almost $100 above btc-e, now they are $20 below btc-e

[podyx]

What's going on bitstamp?
Why this spread??
A few minutes ago spread got over 40 $!!!

It's not called Bearstamp for nothing.

During the last rally to almost $1900 they were almost $100 above btc-e, now they are $20 below btc-e

It should be closer to $1780.

I assume it's people that is buying/selling for ripple based on the short term volatility.

[bitserve]

That is dictated by the exchange, not XMR.  They tend to use a fixed fee that is favorable to themselves, but clearly have not adjusted it to reflect the rise in value.  Being in their favor, I wouldn't expect any action soon, nor any sort of response from support this month.  Kraken is too busy adding shitcoins to make what they've got work smoothly, so it is no surprise.  Sending XMR from YOUR wallet is much more reasonable.

I don't use software wallets anymore and my hardware wallet doesn't have support for XMR, so that's why I decided to send  them to Polo to increase my collateral. Thanks for the explanation, it seemed very crazy that XMR had even higher fees than BTC.

[spiderbrain]

And finally Bitstamp joins the party and breaks out of the wedge.

[ErisDiscordia]

That is an impressive pump at Stamp 

Every time I expect a deeper correction and/or longer consolidation, Bitcoin just keeps surprising me!

2000$ soon?

[Karartma1]

total mkt cap of crypto (available supply) will approach 100 bil $ soon  imho

Market cap of crypto is a totally meaningless statistic. This isn't like a public company, where the market cap is approximately the price to buy the entire company. You cannot buy all the bitcoins.

The above totally deserves an endless quote!

[Searing]

That is an impressive pump at Stamp  

Every time I expect a deeper correction and/or longer consolidation, Bitcoin just keeps surprising me!

2000$ soon?

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

[ErisDiscordia]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

I think it's just Bitcoin breaking out of a wedge it formed after the last run-up.

[Karartma1]

It seems that the weak hands have been thrown out of the window

[Lauda]

Definitely impressive and unexpected movement today. Maybe it is time to start building support above $1800?

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

Not every movement upwards is a pump nor is every movement downwards a dump. Please stop using those words inappropriately.

2000$ soon?

That would be nice.

[Denker]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

No you did not miss any news. Bitcoin just made upwards breakout.
I expected a breakout a bit later out of that triangle. But here we are. Now lets's see if we can hold this range and continue climbing up to $2000.

[rjclarke2000]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

No you did not miss any news. Bitcoin just made upwards breakout.
I expected a breakout a bit later out of that triangle. But here we are. Now lets's see if we can hold this range and continue climbing up to $2000.

So looking at that how long before the breakout based on your TA? Thanks

[craked5]

That is an impressive pump at Stamp  

Every time I expect a deeper correction and/or longer consolidation, Bitcoin just keeps surprising me!

2000$ soon?

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

You're probably not the only one selling alts to come back to btc...
I guess that's the reason for the strong up momentum right now. Lots of people coming back after their alts went a bit up.

[Denker]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

No you did not miss any news. Bitcoin just made upwards breakout.
I expected a breakout a bit later out of that triangle. But here we are. Now lets's see if we can hold this range and continue climbing up to $2000.

-snip-

So looking at that how long before the breakout based on your TA? Thanks

I expected to stay in that triangle for at least one more day and then see a breakout attempt. So that wasn't any exact TA from my side. Just saw that triangle and mostly it gets used until the lines cross each other. This triangle will close on friday 19th. So one more day inside it with some guys preparing their positions is what I thought is going to happen that's all. But now the breakout happened earlier which is fine to me as well. Now I hope we go for $2000 the next days or next week at the latest.

[rpietila]

If this is not the funniest poll this wk, pls show me to the source of fun...     

[rjclarke2000]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

No you did not miss any news. Bitcoin just made upwards breakout.
I expected a breakout a bit later out of that triangle. But here we are. Now lets's see if we can hold this range and continue climbing up to $2000.

-snip-

So looking at that how long before the breakout based on your TA? Thanks

I expected to stay in that triangle for at least one more day and then see a breakout attempt. So that wasn't any exact TA from my side. Just saw that triangle and mostly it gets used until the lines cross each other. This triangle will close on friday 19th. So one more day inside it with some guys preparing their positions is what I thought is going to happen that's all. But now the breakout happened earlier which is fine to me as well. Now I hope we go for $2000 the next days or next week at the latest.

It would be nice to see $2k+ but I am not holding my breath.

We shall see.

[JayJuanGee]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

No you did not miss any news. Bitcoin just made upwards breakout.
I expected a breakout a bit later out of that triangle. But here we are. Now lets's see if we can hold this range and continue climbing up to $2000.

-snip-

So looking at that how long before the breakout based on your TA? Thanks

I expected to stay in that triangle for at least one more day and then see a breakout attempt. So that wasn't any exact TA from my side. Just saw that triangle and mostly it gets used until the lines cross each other. This triangle will close on friday 19th. So one more day inside it with some guys preparing their positions is what I thought is going to happen that's all. But now the breakout happened earlier which is fine to me as well. Now I hope we go for $2000 the next days or next week at the latest.

It would be nice to see $2k+ but I am not holding my breath.

We shall see.

My current thinking is that if we can break $1820 on stamp, then testing resistance $2k seems pretty inevitable - does not mean that we will break above $2k but at least test resistance... if we break above $2k, then $2300 to $2500 would be the next resistance arena... it is looking good, I tell you rjclarke... , but yeah, don't be holding your breath.. that would not be good for you.

[rjclarke2000]

Any clue on why the pump now? Or is it just 'bitcoin being bitcoin"

(bitcoin is berry,berry mysterious to me!)

curious if I missed some kinda news on why BTC is pumping.....

(thou come to think of it ...I did dump my current LTC mining hoard into 8 btc yesterday....like minds?)

No you did not miss any news. Bitcoin just made upwards breakout.
I expected a breakout a bit later out of that triangle. But here we are. Now lets's see if we can hold this range and continue climbing up to $2000.

-snip-

So looking at that how long before the breakout based on your TA? Thanks

I expected to stay in that triangle for at least one more day and then see a breakout attempt. So that wasn't any exact TA from my side. Just saw that triangle and mostly it gets used until the lines cross each other. This triangle will close on friday 19th. So one more day inside it with some guys preparing their positions is what I thought is going to happen that's all. But now the breakout happened earlier which is fine to me as well. Now I hope we go for $2000 the next days or next week at the latest.

It would be nice to see $2k+ but I am not holding my breath.

We shall see.

My current thinking is that if we can break $1820 on stamp, then testing resistance $2k seems pretty inevitable - does not mean that we will break above $2k but at least test resistance... if we break above $2k, then $2300 to $2500 would be the next resistance arena... it is looking good, I tell you rjclarke... , but yeah, don't be holding your breath.. that would not be good for you.

Ha ha thanks for the advice there JJG

I have been around long enough to know this will play out just fine if I am patient. No change here.

[julian071]

https://trends.google.nl/trends/explore?q=buy%20bitcoin

Up up up.