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

[mavericklm]

~9 days and ~same price!  c'mmon! hit 300 or hit 150!

[DaRude]

On a separate note why isn't btcoinwisdom showing BFX or Stamp data?

Works fine here...
https://bitcoinwisdom.com/markets/bitfinex/btcusd

Huh getting "

Load failed, retry after 5 seconds.
Probably Reason
    BitcoinWisdom is temporary down
    Domain is not bitcoinwisdom.com
    Network issue

but hooboi and other chinese exchanges load just fine maybe i'm blacklisted

[dropt]

On a separate note why isn't btcoinwisdom showing BFX or Stamp data?

Works fine here...
https://bitcoinwisdom.com/markets/bitfinex/btcusd

Huh getting "

Load failed, retry after 5 seconds.
Probably Reason
    BitcoinWisdom is temporary down
    Domain is not bitcoinwisdom.com
    Network issue

but hooboi and other chinese exchanges load just fine maybe i'm blacklisted

I get the same.

[dropt]

~9 days and ~same price!  c'mmon! hit 300 or hit 150!

I hope it stays $200-$250 for the next 6 months.

[DaRude]

~9 days and ~same price!  c'mmon! hit 300 or hit 150!

That's 9days closer to the halfing 

[ChartBuddy]

Coin
Explanation

[macsga]

~9 days and ~same price!  c'mmon! hit 300 or hit 150!

I hope it stays $200-$250 for the next 6 months.

Highly unlikely, but if it does, that would've been awesome. 

[dropt]

RIP Coinbase buy wall.

[DaRude]

RIP Coinbase buy wall.

D'oh well as far as i know there's no leverage in coinbase. Lets hope someone didn't just transfer $1MM to coinbase just to flash walls

[Fatman3001]

^

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

Actually I think the majority of Greeks will be pimping out their daughters for cans of Spam, but a few will make out like bandits just like the Rooskies who bought up all those formerly state-owned businesses when shares were trading for pennies and then later became oligarchs.

Greece's new finmin is a socialist moron. I have zero hope the new Greek government will be anything but hostile to crypto. The beauty is it doesn't matter in the slightest. The laws of economics cannot be repealed by legislative fiat.

Yanis Varoufakis about financial system :

https://www.youtube.com/watch?v=iVxaTC7Qp44

I think he isn't so stupid..

Then you're stupid. He's claiming Greece has a solvency problem rather than a liquidity problem. No shit. A first year accounting student at a junior college could tell you that. But a doctor has to do more than just diagnose and his proposed prescription is poison.

Anyhew, at the end of the video he makes a comment that is relevant for anyone who feels the need to defend Bitcoin vs fiat:

https://www.youtube.com/watch?feature=player_detailpage&v=iVxaTC7Qp44#t=5578

I hope the timestamp works, if not it's at 1:32:58.

Lemme save you the time. He says that money only has value because we believe it has value. I suppose that's true in a certain context but useless. Economics professors (he's a prof) only have value because we believe they have value also. What determines MARKET value for anything is supply and demand and what determines the value of something to an individual is marginal utility. Any Econ Prof worth his salt will tell you that the first week of Econ 101.

I am not claiming that what he says is new or revolutionary, just that what he says is well said. And if you are dealing with gold-nuts (uugghhh...) or people who claim bitcoin is monopoly money or simply doesn't exist (yawn), it can be nice to refer to this. I have read half-way through quite a few posts before realizing that the person who wrote whatever I am reading doesn't really understand what money is.

Edit: And I recommend watching the video anyways. It was a good talk about international economics. You don't have to agree with him to enjoy his perspective of the crisis in Europe.

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[Phillis]

a little calm before the weekend dumping begins

[Fatman3001]

a little calm before the weekend pumping begins

FTFY

[bambou]

a little calm before the weekend pumping begins

FTFY

[ghandi]

Looks to me like the typical dump pattern...sideways some time, dump takes us lower...sideways some time...next dump...repeat till $100...

[Fatman3001]

Looks to me like the typical dump pattern...sideways some time, dump takes us lower...sideways some time...next dump...repeat till $100...

If you look at the one day chart it looks pretty much like November. And if that sticks we will soon have an upwards movement to $250-280 before...who knows... either more up or sideways down. This is not TA, it's just good old pattern recognition, the same stuff that sees faces on Mars.

[ChartBuddy]

Coin
Explanation

[Sitarow]

Seems we're moving up slowly. That wall on coindesk though...

Some are Constantly selling their btc for ltc and  xpy and in turn that purchased btc is being sold into USD bid walls that is effectively creating a domino effect across all trading bots putting btc/USD downward pressure.

[Elwar]

So...what do people think the price will do this weekend?



*innocent gaze*