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

[macsga]

China runs out of coins...? Volume is significantly lower the last 15 mins.

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[fr33d0miz3r]

So who wanted cheap $600 coins? 

[proudhon]

Well, the good news is there will now be an even larger base of people in bitcoin who've been hardened by experience.  The bad news is, a lot more people will be joining us in the next year or two.

[Nolo]

China runs out of coins...? Volume is significantly lower the last 15 mins.

And the lowest volume of any of the exchanges it appears.  BTC-e and Bitstamp are leading the way now.  

[Sitarow]

[nanobrain]

Well, the good news is there will now be an even larger base of people in bitcoin who've been hardened by experience.  The bad news is, a lot more people will be joining us in the next year or two.

Why is that bad news...although to be honest I think every bubble/crash scares of most potential casual investors/users.  The climb back to 1000USD+ may be long and arduous. Or of course this being BTC...March.

[pickard]

Possible bear pendent / flag.   Be aware new low could be incoming

[cfrm]

The sentiment all over has been bearish the past few weeks, but now the sentiment seems to be turning honestly. At least now I feel more at ease

[ScrapOfCat]

We got a weed lord calling the shots on BTCe.

Triple bottom was at 420.

Maybe final bottom?

Who's the weed lord?
You should have seen the trollbox earlier..bedlam!!

GanjaCoin?

[Voodah]

This whole story from 150 to 1200 then back to who knows what... it's all gotta be fake...

Financial institutions played us and this is how they got into Bitcoin. Huge orchestrated pump and dump, using China and misinformation.

There was no China boom. There are no chinese buying btc pizza. There are no chinese crashing the market.

I bet it was all western USD in disguise..

[MicroFi]

Anyone else feeling more relaxed now?
Could be the xanax talking though ...

[FNG]

Now we can move on from china like we did with Silk Road. China is not bitcoin

[macsga]

This whole story from 150 to 1200 then back to who knows what... it's all gotta be fake...

Financial institutions played us and this is how they got into Bitcoin. Huge orchestrated pump and dump, using China and misinformation.

There was no China boom. There are no chinese buying btc pizza. There are no chinese crashing the market.

I bet it was all western USD in disguise..

Could be; we will know after 4-5 years maybe...

[wilfried]

Guys are you checking transactions in Blocks ? there is allot of coin mixing going on, each time the price falls down I check the blocks and I see so many mixing going on!!!! I am still curious of what is going on !!!!

what is "mixing" transfering coins from one account to another over and over again? maye its people trying to "wash" some stolen coins before they put them into an exchange; awaiting kyc regulations, now that btcchina has fucked with the clients. might as well be arbitrage, maybe some customers managed to open accounts at the same bank as a exchange and such money transfer is as fast as btc transfer for them.

https://blockchain.info/tr/address/1Jd5puPgHGMH3VvULDMM2t2qtQKEi1feBj

sorry, but i dont get it. i cant read that blockchain stuff, always wondered why there are adresses displayed that have nothing to do with the transaction, plus the commas and dots in the number make me go nuts

[rebuilder]

China runs out of coins...? Volume is significantly lower the last 15 mins.

And the lowest volume of any of the exchanges it appears.  BTC-e and Bitstamp are leading the way now.  

It would be interesting to know how many Chinese traders held all or most of their coins on exchanges. If most of the coins were already on an exchange, a larger portion of those looking to get CNY out while they can would have sold by now than if they had to access cold storage to send coins to sell. The buyers, it would follow, would be those who didn't manage to pull their bids, those who expect things to clear up, and those who can withdraw BTC and sell on some western exchange. If the majority of buyers were of the last kind, we could expect to see the volume on Chinese exchanges dwindle rather rapidly as users exit via CNY or BTC.

[seanneko]

This whole story from 150 to 1200 then back to who knows what... it's all gotta be fake...

Financial institutions played us and this is how they got into Bitcoin. Huge orchestrated pump and dump, using China and misinformation.

There was no China boom. There are no chinese buying btc pizza. There are no chinese crashing the market.

I bet it was all western USD in disguise..

What do they have to gain by doing that? If they simply wanted to buy cheap coins, then they can just do it without even making a public announcement. If they wanted to buy cheap and sell high to make a profit, then, well... Why does a major financial institution care about making a few million dollars? That's pocket change to them.

[pickard]

If you have not sold yet conciser it now!

[San1ty]

If you have not sold yet conciser it now!

Ugh and another troll is born. Maintaining an ignore list is such a chore...

[owlbear]

This whole story from 150 to 1200 then back to who knows what... it's all gotta be fake...

Financial institutions played us and this is how they got into Bitcoin. Huge orchestrated pump and dump, using China and misinformation.

There was no China boom. There are no chinese buying btc pizza. There are no chinese crashing the market.

I bet it was all western USD in disguise..

I think Hanlon's razor applies here. Never attribute to malice that which is adequately explained by stupidity.

Of course, if the history of Bitcoin is anything to go by those who bought in at $1200 and held will have made a good profit within a couple of years.

[pickard]

If you have not sold yet conciser it now!

Ugh and another troll is born. Maintaining an ignore list is such a chore...

How is that trolling?

I am just pointing out what is inevitable.