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

[NotHatinJustTrollin]

[aztecminer]

i think we going to get 'chinese miner dumped' on before we get short squeezed .

[klondike_bar]

Shorts going up are bullish or bearish?

Bullish. Big money and people like me following them are waiting for ~25K shorts before we crank up the big pumps for a squeeze to $350.

Please no! I'm scared

IMO it can go either way. On one hand, a high number of shorts indicates a lot of bearish mindsets. On the other hand, an upward move of 5-10% is typically sufficient to cause a lot of shorts to cover or close, and that can make the upwards move even more drastic.

personally, i think we are headed upwards for here, its time to move back into the 280-320 region where there was resistance last month. I really doubt we will see <$200 again with the fundamentals of the blockchain and the hashrate where they are

[empowering]

[NotLambchop]

...I really doubt we will see <$200 again with the fundamentals of the blockchain and the hashrate where they are

Blockchain fundamentals haven't changed since its inception--still in Beta after 6 years*
Hashrate is driven by the price, not the other way around.  

*Though some patches cludges hardforks are proposed.

[JorgeStolfi]

Market doesn't react at all to the news of Germany not accepting Greece's request for new money?

Ahem, it is not very relevant for the Chinese gamblers at Huobi and OKCoin, is it?

[empowering]

Market doesn't react at all to the news of Germany not accepting Greece's request for new money?

Ahem, it is not very relevant for the Chinese gamblers at Huobi and OKCoin, is it?

Greece leaving the Euro, if it happens , will be relevant to everyone.....

[billyjoeallen]

The problem with the game of chicken is that it's entirely possible for both sides to lose.

[hdbuck]

Market doesn't react at all to the news of Germany not accepting Greece's request for new money?

Ahem, it is not very relevant for the Chinese gamblers at Huobi and OKCoin, is it?

Greece leaving the Euro, if it happens , will be relevant to everyone.....

[ChartBuddy]

Coin
Explanation

[empowering]

Market doesn't react at all to the news of Germany not accepting Greece's request for new money?

Ahem, it is not very relevant for the Chinese gamblers at Huobi and OKCoin, is it?

Greece leaving the Euro, if it happens , will be relevant to everyone.....

I heard people say the same thing when Lehman/sub-prime mortgage fiasco was happening,   those same people still cannot figure out (7-8 years later) why they are working more, earning less, why their house is worth less, why their chicken and shopping costs more.

Greece does not operate in a vacuum, plus, make no mistake, Portugal, Spain, France, Italy are all looking very closely at what is happening, they also do not operate in a vacuum.

Even if there is a last minute compromise reached this week, even then, the future of Greece in the Euro is looking shaky. Elections coming up in other southern European countries soon too.

If you are in a position to be isolated and immune from the global financial situation, then bully for you, but while the world will not cave in on itself, neither will a grexit be an isolated event that effects only the Greeks.  

[damiano]

i think we going to get 'chinese miner dumped' on before we get short squeezed .

Shorts have a while before that happens.  I think once decent support builds at 236 and 238 the red dildos will come

[noobtrader]

Shorts going up are bullish or bearish?

Bullish. Big money and people like me following them are waiting for ~25K shorts before we crank up the big pumps for a squeeze to $350.

Please no! I'm scared

is that world of tank anime or something LOL  

[picolo]

Market doesn't react at all to the news of Germany not accepting Greece's request for new money?

Ahem, it is not very relevant for the Chinese gamblers at Huobi and OKCoin, is it?

Greece leaving the Euro, if it happens , will be relevant to everyone.....

I heard people say the same thing when Lehman/sub-prime mortgage fiasco was happening,   those same people still cannot figure out (7-8 years later) why they are working more, earning less, why their house is worth less, why their chicken and shopping costs more.

Greece does not operate in a vacuum, plus, make no mistake, Portugal, Spain, France, Italy are all looking very closely at what is happening, they also do not operate in a vacuum.

Even if there is a last minute compromise reached this week, even then, the future of Greece in the Euro is looking shaky. Elections coming up in other southern European countries soon too.

If you are in a position to be isolated and immune from the global financial situation, then bully for you, but while the world will not cave in on itself, neither will a grexit be an isolated event that effects only the Greeks.  

Greece is extremely small and has profiting from Europe.

[klondike_bar]

...I really doubt we will see <$200 again with the fundamentals of the blockchain and the hashrate where they are

Blockchain fundamentals haven't changed since its inception--still in Beta after 6 years*
Hashrate is driven by the price, not the other way around.  

*Though some patches cludges hardforks are proposed.

more in the way of 'anti-fragility' (which IMO is a stupid expression) - when bitcoin was 2-3 years old a lot of people just assumed it would be hacked or broken wide open. In 2013, there was still the impression that it was new, and would eventually collapse on itself. Its now 2015 and Bitcoin is 6yrs old, and BTC worth over $200/ea

I cant think of any way in which the fundamentals or services offered by bitcoin are any worse today than they were 2years ago, when the price was ~$110. The recent low of ~$160 hit massive resistance at those levels, because it seems entirely reasonable that bitcoin is worth more today than it was 2 years ago.

how much is the question. 1.5x, 3x, 10x, 50x? The market is levelling out above the current $180-220 bottom, and tipping above some of the longer trendlines that it followed down from $1000

[empowering]

Market doesn't react at all to the news of Germany not accepting Greece's request for new money?

Ahem, it is not very relevant for the Chinese gamblers at Huobi and OKCoin, is it?

Greece leaving the Euro, if it happens , will be relevant to everyone.....

I heard people say the same thing when Lehman/sub-prime mortgage fiasco was happening,   those same people still cannot figure out (7-8 years later) why they are working more, earning less, why their house is worth less, why their chicken and shopping costs more.

Greece does not operate in a vacuum, plus, make no mistake, Portugal, Spain, France, Italy are all looking very closely at what is happening, they also do not operate in a vacuum.

Even if there is a last minute compromise reached this week, even then, the future of Greece in the Euro is looking shaky. Elections coming up in other southern European countries soon too.

If you are in a position to be isolated and immune from the global financial situation, then bully for you, but while the world will not cave in on itself, neither will a grexit be an isolated event that effects only the Greeks.  

Greece is extremely small and has profiting from Europe.

?

[JimboToronto]

Good morning Bitcoinland.

Ho hum. Yawn.

[mrkavasaki]

Fuck it!! I dumped all my Bitcoins at $331.
Now it is almost $334

[noobtrader]

Fuck it!! I dumped all my Bitcoins at $331.
Now it is almost $334

you mean 234 (btce)?

[MilesJohan]

Fuck it!! I dumped all my Bitcoins at $331.
Now it is almost $334

Its actually 238 now. And I am sure you mean 2.