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

[octaft]

Anybody who ever has, or is saying that Cyprus was the cause for the April run up, feel free disregard their opinions in the future and/or laugh in their face.

Ill elaborate if anyone needs an explanation.

Tldr though; its complete bullshit

I never thought that, nonetheless I wouldn't mind hearing you explain why you feel that way.

[Specular]

Can someone explain these "four punch raids" or point me to where this is outlined?

I think I know what this is referring to, but I am not 100%.

[Fatman3001]

Ok, 300k was a bit too optimistic, but we will soon have 250k on finex.

[Warren Buffert]

instead we got no attack at all

Bitstamp was hacked last week and lost 19,000 bitcoins. That doesn't count as an attack?

government regulation

I thought a major appeal of bitcoin was that it was free from government control. So how is that a good thing?

microsoft/Dell/expedia, and so forth and much more... but the price collapsed and the sentiment is as if bitcoin is going to hell.

Microsoft, Dell, and Expedia are not accepting bitcoins. They are accepting USD through a third party payment processor. Only after bitcoiners begged them to accept their coins did they relent. And it's because it didn't cost much to integrate and they know that there will only be a a tiny trickle of people using the option.

This is actually bad for bitcoin, because it essentially demonstrates that real businesses are not willing to accept bitcoins unless they're dumped immediately for cash. Bitcoin is far too volatile and prone to theft to be viable as a real currency.

[luckygenough56]

Famous bitcoin holders that bitcoiners glorify are either lunatics, schizo clowns, megalomaniac sociopaths, straight out scammers or criminals.

Business as usual.

Next they will hope for a country to collapse to save their bag. As much as i used to joke about it, it's actually very sad now that crypto true face is revealed.

Keep selling your idealist lie about freedom to rob people's money bitcoiners ponzists. Keep talking about organic growth when it's all about pump and dump and always has been.

[aztecminer]

Yes but what does this have to do with Bitcoin. I seriously hope you don't believe that these people then would move to Bitcoin or something.

The question was merely what would be the most bullish for Bitcoin. I believe the collapse of the Greek economy would most definitely be that. I would expect some to move (some of) their money to Bitcoin but the majority movement would be speculators as it was with Cyprus.

I never seen any evidence that Cyprus was the reason for Bitcoin to go up even 1 dollar.
And nobody in Greece is stupid enough to put their money in a highly volatile hard to use currency that has been going down for a year.

you not supposed to buy gold and silver either.

[billyjoeallen]

They prolly started with much less, but have easily doubled up or more during every raid making them ~16X more powerful than when they started- 32X if you count this last one. These are technically skilled traders to begin with who would be profitable traders even if they weren't market movers and market makers. When you have skill to begin with, it takes much less ammo to push the market in the direction it wants to go anyway. Even I could walk it up and walk it back on a slow day with very low volume and--as has been pointed out several times--am just a hick fireman.

Surely they don't risk all of their capital every time. One miscalculation or piece of bad luck and you get wiped out.

They don't have to risk all of it because they are so powerful, they only risk what they need to risk. They were going to push the market down until there was a long squeeze. I have no idea how much of their capital it took but surely not all of it. The problem is there has been no real bounce yet like the other four raids. This is new. They may have been too successful in accumulating coins and now they have (like me ironically) too many coins that aren't worth anything. Yes, we can leverage them up to push the market higher, but not sustainably without a fresh infusion of fiat.

This may be an unrecoverable stall without Big Money coming to the rescue and who knows how long we're going to bleed before the vultures come in and pick over our carcasses. I am not selling, but I have to prepare for an indefinite period without additional income.

[colour]

New ATH by next week? 

[Deadstock]

New ATH by next week? 

I hope so

[Jammalan the Prophet]

the boxtrolls at btc-e are getting nervous again , 166

[LFC_Bitcoin]

Every time I go online the price is lower.
This is a blood bath.
Is it going to be below 100 dollars when I wake up tomorrow?

[soullyG]

Time to retest $150 again

[Jammalan the Prophet]

Go bitstamp , GOOOOOOO!

[ShroomsKit]

Yes but what does this have to do with Bitcoin. I seriously hope you don't believe that these people then would move to Bitcoin or something.

The question was merely what would be the most bullish for Bitcoin. I believe the collapse of the Greek economy would most definitely be that. I would expect some to move (some of) their money to Bitcoin but the majority movement would be speculators as it was with Cyprus.

I never seen any evidence that Cyprus was the reason for Bitcoin to go up even 1 dollar.
And nobody in Greece is stupid enough to put their money in a highly volatile hard to use currency that has been going down for a year.

you not supposed to buy gold and silver either.

?

[Fatman3001]

That was fast. Stamp touching $165.

[LFC_Bitcoin]

This is awful.
I feel sick.

[Jammalan the Prophet]

[ShroomsKit]

Famous bitcoin holders that bitcoiners glorify are either lunatics, schizo clowns, megalomaniac sociopaths, straight out scammers or criminals.

Business as usual.

Next they will hope for a country to collapse to save their bag. As much as i used to joke about it, it's actually very sad now that crypto true face is revealed.

Keep selling your idealist lie about freedom to rob people's money bitcoiners ponzists. Keep talking about organic growth when it's all about pump and dump and always has been.

I've seen this many times over the last year where people were hoping certain countries would collapse economically.

[podyx]

I'm done for.....

[LFC_Bitcoin]

This is awful.
I feel sick.

Why?
Been waiting months to buy at 100.

My 8000 GBP investment is worth about 2000 GBP now.
I was told BTC was the future.
This is bull shit.