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

[fonzie]

Hmm Old Crypto taking big positions at BTCe. Could be bullish.

PPC was pumped and dumped like some whore. 200% up in 2 hours then dump to starting point.

Doesn't mean the buyer(s) dumped it all. Looks like the buying ran into heavy sell orders by the looks of those candle wicks. Probably bagholders cashing out.

Just wonder why they would choose to resurrect those old school coins.

A huge bagholder(David Pate?) pumped the price a last time to finally get out. Pretty obvious, or do you think that PPC has any future.
The same is happening with BTC right now, only in slow motion(the dump, so that potential buyers(future bagholders) do not get scared away).

David Pate lol
I remember that dude

Didn´t he lose about 1-2000 BTC while pumping MCXshares on mcxnow.com?  lol.

Edit: Lol, his last tweets:
"In need for a epic BTC pump, Fontas, where you at?!?!"
"Hey Russians, your money is junk, buy Bitcoin!!!"
"My BTC, My BTC, why have you forsaken me?"
"Just trying to end the day with more coin than I started with."
"Just finished talking with EU lawyer to get ball rolling in my lawsuit against KNC, this should be interesting to say the least."
As BTC/LTC get ready for lift off, all I can do is sit here and wonder if I have bought enough. I think I will go mortgage the house..

https://twitter.com/davidpate8/status/564467854204878848

That guy is the definition of a bagholder.  

I guess Karma does exist. That´s what he received for pumping alts on BTC-E

[samsonn25]

Hashfast and Cointerra dont help

http://arstechnica.com/tech-policy/2015/01/cointerra-yet-another-troubled-bitcoin-miner-startup-goes-bust/

[fonzie]

Hashfast and Cointerra dont help

http://arstechnica.com/tech-policy/2015/01/cointerra-yet-another-troubled-bitcoin-miner-startup-goes-bust/

One by one we will take you.

Edit: Almost forgot:

BULLISH!

[NotHatinJustTrollin]

Hmm Old Crypto taking big positions at BTCe. Could be bullish.

PPC was pumped and dumped like some whore. 200% up in 2 hours then dump to starting point.

Doesn't mean the buyer(s) dumped it all. Looks like the buying ran into heavy sell orders by the looks of those candle wicks. Probably bagholders cashing out.

Just wonder why they would choose to resurrect those old school coins.

A huge bagholder(David Pate?) pumped the price a last time to finally get out. Pretty obvious, or do you think that PPC has any future.
The same is happening with BTC right now, only in slow motion(the dump, so that potential buyers(future bagholders) do not get scared away).

David Pate lol
I remember that dude

Didn´t lose about 1-2000 BTC while pumping MCXshares on mcxnow.com , lol.

Edit: Lol, his last tweets:
"In need for a epic BTC pump, Fontas, where you at?!?!"
"Hey Russians, your money is junk, buy Bitcoin!!!"
"My BTC, My BTC, why have you forsaken me?"
"Just trying to end the day with more coin than I started with."
"Just finished talking with EU lawyer to get ball rolling in my lawsuit against KNC, this should be interesting to say the least."
As BTC/LTC get ready for lift off, all I can do is sit here and wonder if I have bought enough. I think I will go mortgage the house..

https://twitter.com/davidpate8/status/564467854204878848

That guy is the definition of a bagholder.  
I guess Karma does exist. That´s what he received for pumping alts on BTC-E

He wrote this in October, saying that the price was too low for him (a miner) to profit, price was at $375!  

https://twitter.com/davidpate8/status/517325086307913728


Imagine how he's doing (would do?) now  

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

[fonzie]

@NHJT

another one for the lulz

https://twitter.com/kryptokoolio/status/524158770587660288

[medialab101]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

+1 THIS

[BlindMayorBitcorn]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

[shmadz]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Worldwide market turbulence in the coming months.

Please return your trays to the upright, locked position and fasten your seatbelts!

Those with a queasy stomach may want to keep a barf bag handy.  

[fonzie]

Holy shit:

An actual picture from a flow of pilgrims from Greece, walkin to Bulgaria tryin to deliver their cash to BTC-E to buy coins.

[billyjoeallen]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

Because capital controls haven't been implemented to any great degree yet.

[Brewins]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

the euro already lost some value in the past weeks.

And I doubt people will use BTC as capital control while the prices keep falling, so I see a chick and egg problem here

[ChartBuddy]

Coin
Explanation

[medialab101]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

Because capital controls haven't been implemented to any great degree yet.

I would say it's more volatility, lack of confidence in the tech, and lack of easy ways to move large chunks of fiat in and out of BTC without attracting attention from regulators.

[mavericklm]

boring shit, miss the drama

[marcus_of_augustus]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

The tools to handle the necessary amounts securely and privately are not well-developed enough for the stupid rich .... yet.

[BlindMayorBitcorn]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

If this plays out as expected, the Euro will lose value against the GBP, Swiss Franc and USD, but that doesn't necessarily mean it will crash.  What it will mean for bitcoin prices is far from certain. I don't see the price appreciating significantly in US Dollars until it becomes more widely utilized as a means to evade capital controls.

Why isn't it being used this way yet??

The tools to handle the necessary amounts securely and privately are not well-developed enough for the stupid rich .... yet.

What kinds of tools do you envision?

[aztecminer]

Hmm Old Crypto taking big positions at BTCe. Could be bullish.

PPC was pumped and dumped like some whore. 200% up in 2 hours then dump to starting point.

Doesn't mean the buyer(s) dumped it all. Looks like the buying ran into heavy sell orders by the looks of those candle wicks. Probably bagholders cashing out.

Just wonder why they would choose to resurrect those old school coins.

A huge bagholder(David Pate?) pumped the price a last time to finally get out. Pretty obvious, or do you think that PPC has any future.
The same is happening with BTC right now, only in slow motion(the dump, so that potential buyers(future bagholders) do not get scared away).

no need to worry. i'm not scared. the money i have in btc i am willing to sacrifice for what i believe in . i do not believe that abusive high taxes and constant gun grabs is something to be patriotic about as obama tries to make us believe. instead i believe patriotism are those who resist against this kind of #corruption. that means that all the us corporations who try to avoid paying the abusively high taxes are the ones who are patriotic and we (all of us rich and the poor) should stand together instead of falling for the obama's gay strategy of turning the non-rich against the rich just so he can steal more money by abusively taxing us citizens . when they steal from the lartge corporations then they are stealing from the people because the corporations will pay the people less in salaries and benefits.

u go down i am buy more, u go up and i will profit. just a matter of time before us govy gonna have to save themselves. #hardball #dontblamemeforyourfukups #trashtalk

[billyjoeallen]

http://www.reuters.com/article/2015/02/03/us-eurozone-greece-cyprus-cash-idUSKBN0L71K020150203

"Authorities in Cyprus have confiscated 500,000 euros ($571,450) from a Greek businessman who tried to fly home with the cash after banks on the island refused to let him deposit it."

Ouch. Shoulda used Bitcoin.