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

[blade87]

I'm looking at DRK's long term price and am wondering if this is where BTC is now. It had a similar overshoot back in August and that was its low. If BTC is (hopefully), then very little will happen in 2015 (which is actually what we want because the public may finally view it as finally having matured). Yes this is a much smaller cap alt, but alts do the same thing BTC has done, just on a smaller time and length scale due to liquidity. It's amazing how fractal trends look and it almost doesn't matter what it is trading against.

If this ends up happening, 2015 will be flat, and so coincidentally the 2016 block halving may be the time for a new rise?



Is it critical that the next week might be critical?

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[phoenix1]

https://freedom-to-tinker.com/blog/randomwalker/nine-awesome-bitcoin-projects-at-princeton/

I think we are well past the 'experiment' stage when the best and brightest are doing bitcoin for final year projects ... this is not beanie babies and tulips we are dealing with here you chumps.

Some really awesome projects in here btw, these guys are doing great work, engaged and excited by it ... go find that on wall st.

So the brightest and best are experimenting with BTC, that's great

You would come across a lot better if you dropped the insulting attitude BTW

[Warren Buffett]

With their currencies tanking, why aren't Greeks and Russians buying more bitcoins?

Because a tulip scheme is not better than a bad currency.

[gibbtek]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

[ChartBuddy]

Coin
Explanation

[marcus_of_augustus]

You would come across a lot better if you dropped the insulting attitude BTW

... just dressing for the occasion. I didn't create the cesspit this place has become.

[DaRude]

no one wants to test those walls on bitfinex.

smells like another bull trap in the making.

I just noticed that USD swaps on bitfinex never went under 10 millions since the november 2013. bubble.

Unless those walls get tired of waiting  

They were there yesterday so don't count on it

Yeah and no one took them for two days now. If you want to exit and have few thousand BTC here's your perfect opportunity to do so without much slippage on Finex. Now if you want to buy BTC10k you either have to pay for slippage or just put up a wall and hope someone will bite

[phoenix1]

You would come across a lot better if you dropped the insulting attitude BTW

... just dressing for the occasion. I didn't create the cesspit this place has become.

Do you think that will help ? I don't
Not disagreeing about the amount of drivel and trolls in here though  

[gentlemand]

You would come across a lot better if you dropped the insulting attitude BTW

... just dressing for the occasion. I didn't create the cesspit this place has become.

Do you think that will help ? I don't
Not disagreeing about the amount of drivel and trolls in here though  

He's just riding the mood, you big poo head.

[YourMother]

The stupid token just bores me to death right now. I'm waiting for those twinkledouchebags to release some cosmic countdowns for their exchange or something. Two, three days is just too much to wait for the final capitulation dump.

[janos666]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

[phoenix1]

You would come across a lot better if you dropped the insulting attitude BTW

... just dressing for the occasion. I didn't create the cesspit this place has become.

Do you think that will help ? I don't
Not disagreeing about the amount of drivel and trolls in here though  

He's just riding the mood, you big poo head.

[tarmi]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts

why did karpeles? he had millions form the fees and yet he destroyed his gold mine.

I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books with non existing fiat/coins.

[damiano]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts

I will never trade there again.  I use Okcoin now and I like the interface and iOS app.  I prefer trading futures since I can deposit a small amount and get a good trading position.  I'm not a fan of leaving coins on an exchange.. Also the live help is fantastic

[medialab101]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts

why did karpeles? he had millions form the fees and yet he destroyed his gold mine.

I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books.

Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they  stop shorting and start letting the price naturally correct.... profit...

[marcus_of_augustus]

http://www.zerohedge.com/news/2015-01-30/brazils-economy-verge-total-collapse
http://www.zerohedge.com/news/2015-01-30/mexican-peso-collapsing

brazilian Real and mexican Peso fiat pyramid schemes unravelling faster than usual

[ChartBuddy]

Coin
Explanation

[tarmi]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts

why did karpeles? he had millions form the fees and yet he destroyed his gold mine.

I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books.

Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they  stop shorting and start letting the price naturally correct.... profit...

unlikely.

if something is made up then it must be cash.  when cash dries up you come with a hack or withdrawing story.

[medialab101]

I am thinking of opening an account on bitfinex, unless somebody advises against it, if not would anybody have a referred code for it? thanks

Bitfinex with their inside trading (manipulating).. could be new Gox soon. So yah, deposit only as much as you are willing to risk.

You logic doesn't make sense to me.
Assuming their insider information really helps them to gain an effective advantage and thus continuously make them money then you should assume they want to keep this operation running (as is) as long as possible. Why would you assume they are and will continue to constantly loosing money while trying to exploit their presumed (but technically proven to be ineffective) advantage (assuming they make more losses than profits) or choose to steal everything (thus becoming actual criminals) rather than continuing an already profitable operation (without effective legal problems)?

I think the Gox insider trading (Markus/Willy) was presumed to be a last (failed) attempt to recover funds which had been lost already (due to an earlier hack). But the new theories tend to think otherwise (those bots didn't belong to Karpeles but a [inside or outside] hacker who used them to steal the funds).

Well... they admitted inside trading. They already have a gold mine (fees + lending), so why would they need to destroy they reputation with inside trading? I would say there is something wrong. I did a lot of trading there and I still do, but only with a small % of my coins. Just my thoughts

why did karpeles? he had millions form the fees and yet he destroyed his gold mine.

I think the answer is quite simple - he was a poor fucker who wanted more. if spice stops to flow for some reason you can always cook your books and manipulate order books.

Imagine that all the BTC Finex have available for swaps are made up. They use them to short the price and build up huge reserves of cash while driving down the price. At the right time, after they have used the cash they drained out of the ecosystem to buy enough artificially cheap coins, they  stop shorting and start letting the price naturally correct.... profit...

unlikely.

if something is made up then it must be cash.  when cash dries up you come with a hack or withdrawing story.

Can you explain why this is unlikely?

Bitcoin available for swaps would never leave the internal ledger books if they were lending them to themselves.

[solex]

http://www.zerohedge.com/news/2015-01-30/brazils-economy-verge-total-collapse
http://www.zerohedge.com/news/2015-01-30/mexican-peso-collapsing

brazilian Real and mexican Peso fiat pyramid schemes unravelling faster than usual

Luckily, on a bitcoin forum, it is highly unlikely anyone would have serious savings in Brazilian reals.