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

[bluebits]

Altcoiners have gone full retard. I still dont underserstand why ETH is above $50. But it seems like theres this tide of $X00B dollars of speculative money that is going in and out of crypto to play the crashes and rebounds and this speculative money is going into all the major coins almost indiscriminately like a vegas casino floor so the smaller cap coins are more affected.

How is there $X00B? I would put total fiat that can 'flow' in and out at something around 10-20 billion.

3 billion tether
5 billion on USD exchanges
3-5 on JPY and KRW exchanges
3-5 Slushing around OTC desks

[bitserve]

Australia banning cash payments over 10k now.
First take their guns then make a move for the cash. http://www.news.com.au/finance/economy/federal-budget/cash-payments-over-10000-to-be-banned-as-government-targets-50-billion-black-economy/news-story/9df0646ba704bd170df5b3996d512f52

Sure, "Black Market", you mean money which you currently don't oversee and have control of?

Are the people just gonna roll over on this?  I suspect some will be looking at BTC as a possible alternative to fight the NWO.

Lol, glad I checked on the site, I was like "shit it's really happening". Lol

Fake fucking news site...

As soon as I read this I was WAT??, no fucking way!

In its response, the government said it agreed with or supported the majority of the recommendations, including potentially requiring wages to be paid into bank accounts, effectively outlawing cash-in-hand payments. Workers in the “gig economy” will also face greater scrutiny.

The cash payments limit is already happening in many countries since a few years ago. Here in Spain we currently have a 2500€ cash limit, and they even tried to lower it to 1000€ a few months ago. It didn't pass this time, but everything indicates it will in the future. It's happening in many countries of the Euro zone.

Governments have realized cash is way harder to control than bank payments.... what a surprise....

P.S.: And no, you can not split a payment into several chunks of 2500€ in cash. That's completely ilegal.

[realr0ach]

Altcoiners have gone full retard. I still dont underserstand why ETH is above $50. But it seems like theres this tide of $X00B dollars of speculative money that is going in and out of crypto to play the crashes and rebounds and this speculative money is going into all the major coins almost indiscriminately like a vegas casino floor so the smaller cap coins are more affected.

How is there $X00B? I would put total fiat that can 'flow' in and out at something around 10-20 billion.

When all this shit comes crashing down to zero, TERA is gonna be the one guy who was all-in on dogecoin trying to do a +1 satoshi per coin flip.

[buyandhold]

^^all 3 of you knob-heads just get a room ffs

[ivomm]

kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?

He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.

smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.

I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.

Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.

I also think that the trustee is not involved. In Bitfinex for the last 16 hours were traded 35K BTC, while for the previous 24 hours only 16K. Too much people still with thousands of BTC were hoping to sell above 10K, and when they saw it didn't happen for the last 24h, decided to pull the trigger. The volume is much less than the previous dumps, however, so I still expect the bull run from the last month to continue.

[Neo_Coin]

[YourMother]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (some time after kobayashi is done selling) as the 2017 20x pump event.

[Globb0]

[samson]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD.

8000 of the Gox Bitcoin were moved, only 8000.

20,000-30,000 appear to have been dumped on Bifinex alone since yesterday  

[YourMother]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

8000 of the Gox Bitcoin were moved, only 8000.

20,000-30,000 appear to have been dumped on Bifinex alone since yesterday  

Yes, and that's because his wallet activity is creating a snowball effect. Just like i explained in the previous message, the bears are using every bit of negative news to fuel their short-game.

And don't confuse the volume with the sell orders executed. There are plenty of people buying during the forming of the red candles as-well

[FractalUniverse]

Looks like long weekend dump has started early this week. if it gets below ~8600 support we can expect some more dark days on the market. 

im getting ready to buy some cheap satoshis

[ophyrim]

MtGox is cashing out
relax guys

Yea 8k BTC is not enough to explain this situation. Everyone is selling because of the last big drop to 6k USD. They are afraid of the continuation of the MtGox sell.

[JayJuanGee]

kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?

He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.

smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.

I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.

Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.

I also think that the trustee is not involved. In Bitfinex for the last 16 hours were traded 35K BTC, while for the previous 24 hours only 16K. Too much people still with thousands of BTC were hoping to sell above 10K, and when they saw it didn't happen for the last 24h, decided to pull the trigger. The volume is much less than the previous dumps, however, so I still expect the bull run from the last month to continue.

Yep.  Exactly.   Purge some of those weak hands who feel some kind of pressing need to sell their BTC below $10k or even selling their BTC below $15k seems to be a bit rushed, but at least a bit more understandable for some folks to feel good selling some BTC in the $12k to $15k price range, and even though bitcoin remains a decent long term investment to hang onto, too.

Selling small parts of your BTC holdings in the coming 2-5 years between $15k and $100k seems like a possible and practical plan, too.

[mindrust]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

[bitserve]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

8000 of the Gox Bitcoin were moved, only 8000.

20,000-30,000 appear to have been dumped on Bifinex alone since yesterday  

Yes, and that's because his wallet activity is creating a snowball effect. Just like i explained in the previous message, the bears are using every bit of negative news to fuel their short-game.

And don't confuse the volume with the sell orders executed. There are plenty of people buying during the forming of the red candles as-well

AND the people that buys can also resell moments later... plus many other get triggered by the action and sell too.

One entity selling 8000BTC can perfectly cause an action of more than 100K BTC.

Not saying any mtgox coins were sold though. Absolutely no proof of that.

[JayJuanGee]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

[ivomm]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

In general I agree with you. I am just doubtful that the trustee sold the coins 20h later and exatcly on Bitfinex. I think that the remaining whales (with 1K BTC and more) like to short them on Bitfinex hitting the sell button and causing pleasant for them drop in the price. You know, it hurts when you sold thousands of BTC and the price doubles in matter of days. The pain is so real that some of them will be on the brink of suicide. And of course the price will continue to rise despite their pathetic atempts.

[mindrust]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

[JayJuanGee]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

Oh shit!!!!!   The royal we......

seems to be delusions of grandeur in the air.

[sirazimuth]

Preeese not go beerow 8 tousand dorrah!
Utterwise then dump tree coin must!