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

[mmitech]

Everything on the chart is telling me that we are heading to double digits, the walls popping up and down are just a desperate attempt to hold the sinking ship, or a delusion of missing the opportunity of buying the bottom... the only healthy way for Bitcoin to survive is for this bubble to finally burst which can allow for a new path... and leave all the limitations (of course they have to be fixed first ) and the dark history behind.

And you think that with Bitcoin at double digits there will be no more trolls here yelling Bitcoin is doomed and we'll be seeing single digits soon? There will be even more of them then and they will be louder. Also what dark history are you talking about and how does Bitcoin trading at double digits leave that behind exactly?

There will always be trolls trolling at any price or any moment...besides, in most cases, what you consider a trolling I consider a different opinion....you really didn't see what trolling looks like.


It seems that we live in different worlds, the history I was talking about is the history of heists and crimes, drugs and paid murders, failed and amateur businesses, shitty scams and ponzi schemes, shitty wallets and lost funds, extreme volatility...... and the list goes on, when Bitcoin hits new lows many people will lose confidence (of getting quickly rich) and abandon the ship and forget about the whole scene, the media wont mention it very often, which can allow developers and serious people (like me) to work on the obvious limitations (that most get rich kids wont admit to) and prepare it for the real mass adoption... the current user base will be almost gone in a short time, and it will be gone disappointed and burned.

[NotLambchop]

Thanks for the coins, Dumpmonkeys!  Keep it up; I've got thousands and thousands of fiat FRNs I need to get rid of before the short squeeze.

Also, there are millions of bitcoins owned by unknown people with unknown intentions.
Just don't take out any loans to buy those "cheap coins".

How'z that any different than all the billions of unknown people who own dollars with unknown intentions? ...

Well, dollar criminals don't keep diaries, so there's that...

They don't? There's an entire industry of forensic accountants who beg to differ.

No no, I mean literally keep a diary, regale us with their trials & tribulations.
No need for forensic accountants, it's more of a confessional/deep probing questions like "I wonder if my new buddy, who's totally not a basement-dwelling neckbeard but the CEO of Hell's Angels, really killed all the folks I asked him to kill, or just scooted off into the sunset with the million dollars I gave him?  Dear diary, if you can't trust your hitman, who can you trust?  What a world, what a world..."

[billyjoeallen]

you don't know who owns the large amount of BTC.

You may say that unknown people managed to get billions of BTC by bad ways, but they probably already sold most of them...

Yes, exactly! I don't know who owns the majority of BTC. Also you and the majority of the market doesn't know that. They only have their high hopes of easy riches. No facts nor certainties to base their speculations on. It's all blind gambling with degenerate gamblers trying to mask their addiction with illusionary fantasies.

Well I do know who owns the majority of USD and it's a bunch of thugs who use the government to do their dirty work for them. "Intellectual Property" owners who use law enforcement to keep me from copying books, movies, songs, drugs, etc that I already own. Those poor impoverished drug, movie and music industry execs, software moguls and J.K. fucking Rowling. They're so poor they have to go to some soup kitchen called Spago to commiserate with each other.

I'm not looking for easy riches. I'm looking for freedom.

[bassclef]

Better sell all then mmitech... I don't even have to unignore you to know what you're going on about again.

[NotLambchop]

...
I'm not looking for easy riches. I'm looking for freedom.

Protip:  Daytrading probably ain't gonna do it for you.

[aztecminer]

Okay what the fuck just happened? Is this really how it's going to be? How are we even going to survive the weekend?

'chinese panic' flash dump .

[chuki]

Sell Bitcoin this shit and Buy Darkcoin, trust me...

[YourMother]

"In the coming months, the USMS is expected to sell 94,336 BTC, worth $17.5m"

Keep scooping up the "cheap coins", delusional bulltards. Max the credit cards. Tell your banks to speed up the wire transfers. Come in here and accuse people of being trolls. Yeah...

[bassclef]

Seems China still has some weak hands... They dump like 200 coins and Finex follows with 1500. I wonder how that's even remotely profitable unless they're just selling into their own buy walls. Maybe arbitraging somewhere, the futures market?

[Miz4r]

Everything on the chart is telling me that we are heading to double digits, the walls popping up and down are just a desperate attempt to hold the sinking ship, or a delusion of missing the opportunity of buying the bottom... the only healthy way for Bitcoin to survive is for this bubble to finally burst which can allow for a new path... and leave all the limitations (of course they have to be fixed first ) and the dark history behind.

And you think that with Bitcoin at double digits there will be no more trolls here yelling Bitcoin is doomed and we'll be seeing single digits soon? There will be even more of them then and they will be louder. Also what dark history are you talking about and how does Bitcoin trading at double digits leave that behind exactly?

There will always be trolls trolling at any price or any moment...besides, in most cases, what you consider a trolling I consider a different opinion....you really didn't see what trolling looks like.

I think I know what trolling looks like, and yes we do have a lot of them at the moment. I have no problem with bearish opinions I am completely okay with the possibility of Bitcoin going down below $100. I think I have said this before but I am just not that emotionally involved with the price, I am more excited about how this is all developing and growing. But opinions stated as facts with an air of superiority is something I am allergic to and I do consider trollish, bear or bull.

It seems that we live in different worlds, the history I was talking about is the history of heists and crimes, drugs and paid murders, failed and amateur businesses, shitty scams and ponzi schemes, shitty wallets and lost funds, extreme volatility...... and the list goes on, when Bitcoin hits new lows many people will lose confidence (of getting quickly rich) and abandon the ship and forget about the whole scene, the media wont mention it very often, which can allow developers and serious people (like me) to work on the obvious limitations (that most get rich kids wont admit to) and prepare it for the real mass adoption... the current user base will be almost gone in a short time, and it will be gone disappointed and burned.

Not gonna happen. Didn't happen at $2 and won't happen when Bitcoin is back at double digits. There will just be a whole new truckload of get rich kids. Or these get rich kids have now all shifted to shorting Bitcoin and think they will get rich quick that way. Some of them will have lost lots of money and will leave disappointed, others are new and haven't been burned yet, and then others have just been lucky to sell at the right moment and get back in at the right moment. The community will still be the same, humans and psychology won't change just because Bitcoin crashes to double digits.

[aztecminer]

Seems China still has some weak hands... They dump like 200 coins and Finex follows with 1500. I wonder how that's even remotely profitable. Must be arbitraging somewhere, maybe the futures market?

'chinese panic' flash dumps cause the chinese to panic and dump their bags they're holding......

[Mervyn_Pumpkinhead]

Well I do know who owns the majority of USD and it's a bunch of thugs who use the government to do their dirty work for them. "Intellectual Property" owners who use law enforcement to keep me from copying books, movies, songs, drugs, etc that I already own. Those poor impoverished drug, movie and music industry execs, software moguls and J.K. fucking Rowling. They're so poor they have to go to some soup kitchen called Spago to commiserate with each other.

I'm not looking for easy riches. I'm looking for freedom.

Freedom by what? Bitcoin? Explain how does bitcoin bring you freedom if it's value is controlled by few unknown entities?
"The freedom seekers" among the bitcoin community are the biggest fools. Even USD has a lot more transparency then bitcoin.

If you want financial freedom, then you have to be in control of your wealth. For instance, put your wealth in a company that you control and understand. That is true freedom, when you control your wealth by your knowledge and skill.

[Sitarow]

Seems China still has some weak hands... They dump like 200 coins and Finex follows with 1500. I wonder how that's even remotely profitable unless they're just selling into their own buy walls. Maybe arbitraging somewhere, the futures market?

No this dump was started when someone sold btc for ltc on btce.

Is it BTC-E ?

check for yourself:


www.btc-e.com

and yes, it is

I hate to spoil the “party” but dumping BTC/LTC to push BTC/USD down move has become so obvious that even the small guys are picking up the moves early.

 

Watch for the move in the other direction for the BTC/USD rise.

 

12:25pm EST

[subtleknife]

So weekend pump?

[octaft]

If you want financial freedom, then you have to be in control of your wealth. For instance, put your wealth in a company that you control and understand. That is true freedom, when you control your wealth by your knowledge and skill.

But, but, but, running your own business requires hard work and dedication. With bitcoin, obviously all you need to do is sit on your ass and make MILLIONS$$$$$$!

[billyjoeallen]

Bitcoin is the Wild West, but if you look back to the actual Wild West you will see some parallels. Everyone knew that back then that all that land would become extremely valuable some day if only they had the will, brains, balls and luck to hold onto it long enough. There were all sorts of bad actors and the guy with the white hat didn't always win, but eventually they were all proven right.

Will Rogers once said "Buy land; they don't make it anymore." It's a humorous way of saying that with a continually growing population any commodity in finite supply will have to gain value. Supply and demand, Baby.

But ok, let's look at a much shorter time frame. There is this little country called Greece that I think is somewhere close to Cypress that is in the early stages of a massive country-wide bank run. Now we all know that when our banskter overlords start seeing a run for the exits, they generally try to discourage that behavior by instituting capital controls. So how do you think these poor Greek bastards are going to escape with some fraction of what's left of their wealth? Put it in frozen gyros? ceramic Parthenon figurines? or maybe the more enterprising among them might get some crypto and convince a few of their friends to do the same.

[JimboToronto]

Good morning Bitcoinland.

Just got back from buying a couple more coins after the failed manipulation dump shortly after waking.

Missed the last dip because it was on a Sunday.  This makes up for it.

[YourMother]

^

Oh, another one that thinks that the population of Greece will adopt bitcoin. Haha!

Also...

With the recent political crisis in Greece and the fear of the global financial system that a far left party will be the government for the next years the situation is more than tough about Greece financial future.
Is this the real picture behind the financial situation in Greece?
Does anyone know what real happen in Greece?
And the last question is will Greece adopt bitcoin and get out from euro?
Let me explain in simple words what is the real situation here. The real financial problem in Greece is the corrupt political parties "Nea Dimokratia" and "Pasok" that rule for more than half century the country and has ties with the more corrupt Greek financial elit. The financial elit in greece is the real government and is the only one that has no pay anything in the recent financial crisis. Instead they continue to increase their salary at the same time that people of greece get more poor.
And the worst is that eurozone leaders dont care about this situation because they have done in the past business with that corrupt elit for many year. We have many cases like the Siemens Greek bribery scandal http://en.wikipedia.org/wiki/Siemens_Greek_bribery_scandal that until now none has go to jail.
This is the real financial problem in Greece and if is not change we will not see a healthy financial situation and the people will continue to became more poor.
For that reasons we have the power increase of the left party "Syriza" with a 40 years old leader, a new person in the political system of Greece.
The real situation is that Syriza is not a far left party and will not get the country out of euro. And of course they will never adopt Bitcoin or anything else cryptocurrency.
And the answer why not is simple.
Greek people continue to live in a technological middle age. The most of the people don't understand even what is the internet and how to use it and the worst is that the young people don't even get the risk to create tech startups. The tech companies in greece is far fewer from any other europe country even from new Europe countries like Bulgaria, Romania,Poland or Letonia. And the owners of few tech companies that exist is in the hands of the corrupt financial elit. Expect from education the other negative reason for someone in greece to startup a tech company is the bureaucracy.
One other reason that Greece even with Syriza left party will never adopt Bitcoin is that their financial advisor is Mr Varoufakis who has a very negative opinion about Bitcoin

Bitcoin and the dangerous fantasy of ‘apolitical’ money

http://yanisvaroufakis.eu/2013/04/22/bitcoin-and-the-dangerous-fantasy-of-apolitical-money/

In Conclusion that Greece will never adopt Bitcoin is:

-Education
-Corrupt system
-Corrupt political parties
-Corrupt Financial Elit
-Bureaucracy
-Bad financial advisors.

I live in Greece i am a tech geek. I love bitcoin i am enthusiastic from that simple idea from Nakamoto that have the power to change the world

[NotLambchop]

...
any commodity in finite supply will have to gain value. Supply and demand, Baby...

How are you set for BTCeanies?  Don't miss the boat, freedom fighter!

[NotLambchop]

... There is this little country called Greece that I think is somewhere close to Cypress that is in the early stages of a massive country-wide bank run...

Bank already ran away  KTHXBAI!