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

[inca]

great plan!

btw thanks for an extra hundred bucks!

I thought you don't trade?

He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.

What you describe is trading..

Explains his overly emotional posts when the price surged up to 268.

[billyjoeallen]

Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?

Anyone think this sort of thing happens? Serious question. Just musing on the idea.

Interesting idea.

Risky (as in risky to your short/long term health)

You couldn't just parachute in and set up shop. There's all sorts of local knowledge that would be necessary to operate. It would take a certain type of person to be successful at that trade, but I'm sure it's possible.

[empowering]

Would there actually be a market for a Bitcoin whale to travel to an economically stricken country with a trezor wallet packed with 100s+ BTC and sell them locally?

Anyone think this sort of thing happens? Serious question. Just musing on the idea.

Interesting idea.

Risky (as in risky to your short/long term health)

You couldn't just parachute in and set up shop. There's all sorts of local knowledge that would be necessary to operate. It would take a certain type of person to be successful at that trade, but I'm sure it's possible.

I know a guy who knows a guy who knows a guy.

[podyx]

There was somebody on tradingview who predicted an eve and adam bottom around $150 respectively $210.

With the healthy 3D MACD going and no panic despite a shooting star, maybe he'll be right I think things are looking bearish in the longer term though but honeybadger does as he like

[Fatman3001]

great plan!

btw thanks for an extra hundred bucks!

I thought you don't trade?

He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.

What you describe is trading..

Explains his overly emotional posts when the price surged up to 268.

I know. That's what they said about the Bitfinex guy as well... it was an attempt at a joke.

[Bernard Lerring]

Does anyone expect a pre-weekend mini pump tomorrow, like what happened last Friday?

I've got a small amount of BTC I want to use to buy alts and don't want to exchange today if we get a little bit of action in the next 24 hours.

Chances of happening? Crystal ball?

[inca]

great plan!

btw thanks for an extra hundred bucks!

I thought you don't trade?

He doesn't. He does what the Bitfinex dude does. He buys when it goes down and sells when it goes up.

What you describe is trading..

Explains his overly emotional posts when the price surged up to 268.

I know. That's what they said about the Bitfinex guy as well... it was an attempt at a joke.

Ha. Very good.

Let's see if tarmi starts bleating if we jump another ten dollars. He clearly hasn't bought in yet

[mcplant]

i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?

[Bernard Lerring]

i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?

I'm far from being an expert but the buy/sell ratio on bitcoinity looks slightly bullish to me.

[tarmi]

great plan!

btw thanks for an extra hundred bucks!

I thought you don't trade?

no, I said I dont margin trade and use obscure exchanges like bitfinex.

and yes, I sold a bunch of bitcoins in 266 range.

[damiano]

i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?

I'm far from being an expert but the buy/sell ratio on bitcoinity looks slightly bullish to me.

Walls constantly change throughout the day, so its difficult to judge by that.

[billyjoeallen]

Does anyone expect a pre-weekend mini pump tomorrow, like what happened last Friday?

I've got a small amount of BTC I want to use to buy alts and don't want to exchange today if we get a little bit of action in the next 24 hours.

Chances of happening? Crystal ball?

Well, I'm loaded pretty full long so I expect it to crash  Seriously, I think a retracement is likely before a substantial advance, but I don't know by how much, so I'm just gonna hold and add to my position if we do get a dip. There seems to be more upside potential than down, but this is Bitcoin and anything can happen.

[Bernard Lerring]

Yeah, I have a tendency to stare at the greater green slope and think "why isn't price going up?".

That's about the limit of my trading knowledge!  

[JimboToronto]

i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?

You can't always go by the order book.

It takes minutes for bitcoins to be deposited to exchanges. Fiat deposits take days.

People with fiat on exchanges tend to place bids rather than just leaving it dormant in their accounts.

Those with coins will usually leave them in paper wallets until they're almost ready to trade.

[billyjoeallen]

great plan!

btw thanks for an extra hundred bucks!

I thought you don't trade?

no, I said I dont margin trade and use obscure exchanges like bitfinex.

and yes, I sold a bunch of bitcoins in 266 range.

Judging by your behavior, I'm guessing you didn't buy them all back yet. Makes me feel good to know you're down there for support and also that you'll miss the train if support isn't needed. Clearly you fail at hodling.

[ChartBuddy]

Coin
Explanation

[billyjoeallen]

i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?

You can't always go by the order book.

It takes minutes for bitcoins to be deposited to exchanges. Fiat deposits take days.

People with fiat on exchanges tend to place bids rather than just leaving it dormant in their accounts.

Those with coins will usually leave them in paper wallets until they're almost ready to trade.

Also, BFX gives you the option of hiding your order and I can't see any game-theory reason why you WOULDN'T.

[tarmi]

great plan!

btw thanks for an extra hundred bucks!

I thought you don't trade?

no, I said I dont margin trade and use obscure exchanges like bitfinex.

and yes, I sold a bunch of bitcoins in 266 range.

Judging by your behavior, I'm guessing you didn't buy them all back yet. Makes me feel good to know you're down there for support and also that you'll miss the train if support isn't needed. Clearly you fail at hodling.

no, I am just being rude to some stupid redneck guy trying to talk his book and shit!

and yes, I will dump some more soon!

[JimboToronto]

i'm still a noob here but our current situation kind of looks like a buildup of buying pressure at the trend line. as if it's about to explode. maybe?

You can't always go by the order book.

It takes minutes for bitcoins to be deposited to exchanges. Fiat deposits take days.

People with fiat on exchanges tend to place bids rather than just leaving it dormant in their accounts.

Those with coins will usually leave them in paper wallets until they're almost ready to trade.

Also, BFX gives you the option of hiding your order and I can't see any game-theory reason why you WOULDN'T.

Indeed. It was less of an issue before the Stamp hack and ascension if Finex as BTC/USD volume leader.

[Erdogan]

so i've been doing a lot of price speculation thinking this last week and i came across an interesting question.  the btc/usd not only depends on the btc market but the usd market. if the usd started steadily losing value how would we see this effecting btc/usd prices.

That's right, but there is not and can never be a value yardstick, because all value is individuals comparing alternatives. We use dollar as a practical approximation (in this international forum) but you could compare to other fiats, gold, iron ore or just about anything.