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

[NotHatinJustTrollin]

Apparently a lot of ATMs in Canada and elsewhere were based on Cavirtex.

[hdbuck]

another 100k longs exited

makes 220k in an hour

Seems to be topping.

Where are you seeing those numbers, OKcoin? Futures?

I watch www.bfxdata.com pretty closely.

long 'exiting' is bullish? or they 'shorted' their longs?

[JorgeStolfi]

They have also been an integral part in attempting to have BTC regulations that would not slow adoption and promote growth by participating in the Canadian Bitcoin senate hearings.

https://www.youtube.com/watch?v=xUNGFZDO8mM

Neo & Bee too got a hearing at the Cypriot Parliament just before collapsing.  I don't recall whether Danny had already left the country by then, but he sent some minor employee to represent the company, and the hearing was a flop.  Soon afterwards the Central Bank of Cyprus denied Neo's banking license.

EDIT: by the way, so far CAVirtex only promised to return all the clients BTC, but withdrawals were blocked.  Clients must provide new withdrawal addresses, and then CAVirtex will send the BTC there.  Now I will believe it only after they do it.

[Fatman3001]

-fart-

I hate to post the same image twice on the same day like Trollchop, so here's another one.

-again a stupid meme-

You're really good at creating constructive posts that add to the discussion, huh?

Sorry if my response to spamming trolls offends you. 

Do you feel the same way about NeverNew's "constructive posts"?

I'm sorry, I think I might have scared him off. This thread needed a mormon.

-fart-

I hate to post the same image twice on the same day like Trollchop, so here's another one.

-again a stupid meme-

You're really good at creating constructive posts that add to the discussion, huh?

Do you know what your name means in russian? Now who's dirty?

http://www.urbandictionary.com/define.php?term=Huy

[NotLambchop]

^Can't you retards gentlemen just hug it out, huh?

[Miz4r]

another 100k longs exited

makes 220k in an hour

Seems to be topping.

Where are you seeing those numbers, OKcoin? Futures?

I watch www.bfxdata.com pretty closely.

long 'exiting' is bullish? or they 'shorted' their longs?

If you short while you still have longs going they cancel each other out. By the way longs getting closed could also be LTC longs closing on Finex.

[billyjoeallen]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

[damiano]

another 100k longs exited

makes 220k in an hour

Seems to be topping.

Where are you seeing those numbers, OKcoin? Futures?

I watch www.bfxdata.com pretty closely.

long 'exiting' is bullish? or they 'shorted' their longs?

Well that all depends, if a lot more exit then it wouldn't be good since it would create additional selling pressure.

I think its just cashing out from this mornings run up from 235-246.  It could be bearish, or they could just be taking profits. 

[rebuilder]

Neo & Bee too got a hearing at the Cypriot Parliament just before collapsing.  I don't recall whether Danny had already left the country by then, but he sent some minor employee to represent the company, and the hearing was a flop.  Soon afterwards the Central Bank of Cyprus denied Neo's banking license.

Is this something that actually happened or some kind of sarcastic jibe? Serious question, I kind of wrote neo&bee off when that rather detailed render was making the rounds, purporting to be their soon-to-open offices.

[Fatman3001]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

[damiano]

another 100k longs exited

makes 220k in an hour

Seems to be topping.

Where are you seeing those numbers, OKcoin? Futures?

I watch www.bfxdata.com pretty closely.

long 'exiting' is bullish? or they 'shorted' their longs?

If you short while you still have longs going they cancel each other out. By the way longs getting closed could also be LTC longs closing on Finex.

That is possible as well, but given the decline in price when I noticed the longs being closed it seems that it was btc(longs) exiting.  Yes I could be wrong and its just a coincidence, but i'm doing my best to analyze the numbers and data I see.

[billyjoeallen]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

[Fatman3001]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

[billyjoeallen]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

[ChartBuddy]

Coin
Explanation

[JorgeStolfi]

Neo & Bee too got a hearing at the Cypriot Parliament just before collapsing.  I don't recall whether Danny had already left the country by then, but he sent some minor employee to represent the company, and the hearing was a flop.  Soon afterwards the Central Bank of Cyprus denied Neo's banking license.

Is this something that actually happened or some kind of sarcastic jibe? Serious question, I kind of wrote neo&bee off when that rather detailed render was making the rounds, purporting to be their soon-to-open offices.

It really happened, see it mentioned here:
http://dcmagnates.com/cysec-issues-its-own-warning-about-bitcoins-after-parliament-discussion/

That article is from March 20.  I can't find the date when Danny left Cyprus, but it was sometime at the end of march.  (Why can't those toe-sucking bitcoin reporters put DATES of events on their articles? Always "recently", " few days ago", ...)

[Hfertig]

i guess I have to give a big "thank you" to all of you who bought my coins in this bulltrap. did not get everything filled but I dont want to be greedy😜😂

[billyjoeallen]

i guess I have to give a big "thank you" to all of you who bought my coins in this bulltrap. did not get everything filled but I dont want to be greedy😜😂

You're quite welcome. I'll sell them back to you @ $400.

[marcus_of_augustus]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

don't be a fiat bag holder (FBH) ... when the musical chairs fiat pyramid game stops there won't be enough bitcoin chairs for all the beanie babies, mixed enough metaphors for the trolls?

[Fatman3001]

So I have this small pile of cash and I'm afraid I may be a fiat bag holder. If you understand that every USD debt is effectively a short on the dollar, the market is saying that dollars are a shitty investment.

Ask me what I thought was a shitty investment on January 14,2015.

You sister's Certificate of Virginity?

How did you know? Have you....?

The base for the 2013 bubble was ~$100. It's looking more and more like the base for the great 2015 bubble will be ~$220 meaning the top will come in around $2,500-$4,000.   There's almost countless factors involved, so this is a very rough estimate, but waiting for a discount of more than 10% from here may well be futile.

I would certainly agree that a fairly solid bottom is forming at $220, but it tends to look a lot more wobbly when you're about to risk your own money. I'm not sure if that part about the bubble is accurate. To get that kind of money into Bitcoin we'll need some serious adoption by users as well, not just traders. And if that landslide is triggered who knows where we will end up. But I don't see much sign of that kind of adoption yet.