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

[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.

[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.

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!

Please do. I'll buy them.

[JorgeStolfi]

STOP ARGUING WITH PORKCHOPS!!!

Isn't it amusing that the Freedom Loving ancap bitcoiners post mainly to command other users to ignore and don't reply to this and that? 

(Myself, I can ignore people on my head.  I don't see why one needs a computer to do that.)

[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!

Please do. I'll buy them.

but you are a poor bastard, you dont have enough money...

[aztecminer]

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.

hmmm...ok everyone did you hear that ?? this is the 'fully loaded bitcoin but it has more upside potential from here crash' !! is everybody ready i am getting my 'fully loaded "anything can happen" bitcoin crash' suit on right now. we can't take any chances when we have a clear of a sign as billyjoe being fully loaded.. we are just waiting on the 'chinese miner' dump to set the shorts going again...............

[thezerg]

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.

I think there's an education and volatility problem.  Otherwise we'd be seeing BTC trading at a premium against the USD in places like Argentina and Venezuela.  But AFAIK, it basically trades on par against the local currency with the "blue rate" USD.

[inca]

hmmm...ok everyone did you hear that ?? this is the 'fully loaded bitcoin but it has more upside potential from here crash' !! is everybody ready i am getting my 'fully loaded "anything can happen" bitcoin crash' suit on right now. we can't take any chances when we have a clear of a sign as billyjoe being fully loaded.. we are just waiting on the 'chinese miner' dump to set the shorts going again...............

Shorts are at 20k already..

[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.

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!

Please do. I'll buy them.

but you are a poor bastard, you dont have enough money...

I'll buy four thousand dollar's worth of them then.

[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.

hmmm...ok everyone did you hear that ?? this is the 'fully loaded bitcoin but it has more upside potential from here crash' !! is everybody ready i am getting my 'fully loaded "anything can happen" bitcoin crash' suit on right now. we can't take any chances when we have a clear of a sign as billyjoe being fully loaded.. we are just waiting on the 'chinese miner' dump to set the shorts going again...............

I said "pretty full." I have some dry powder. 

[damiano]

hmmm...ok everyone did you hear that ?? this is the 'fully loaded bitcoin but it has more upside potential from here crash' !! is everybody ready i am getting my 'fully loaded "anything can happen" bitcoin crash' suit on right now. we can't take any chances when we have a clear of a sign as billyjoe being fully loaded.. we are just waiting on the 'chinese miner' dump to set the shorts going again...............

Shorts are at 20k already..

Swaps are staring to get low in comparison to what was available yesterday

[aztecminer]

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.

hmmm...ok everyone did you hear that ?? this is the 'fully loaded bitcoin but it has more upside potential from here crash' !! is everybody ready i am getting my 'fully loaded "anything can happen" bitcoin crash' suit on right now. we can't take any chances when we have a clear of a sign as billyjoe being fully loaded.. we are just waiting on the 'chinese miner' dump to set the shorts going again...............

I said "pretty full." I have some dry powder. 

oh ok...guess we can cancel the 'fully loaded crash' since ur not really fully loaded then...... i still think we getting dumped on by 'chinese miner' again soon though .

[marcus_of_augustus]

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?

... from the mouth of babes.

[billyjoeallen]

Averaged out over the last month, we've been going up ~ 0.3%/day. I think that's actually sustainable. With the exception of the CB pump and dump, it looks pretty healthy.

[ChartBuddy]

Coin
Explanation

[thompete]

WHat do you think of the imapact on the price once the ATH comes out ?

[billyjoeallen]

WHat do you think of the imapact on the price once the ATH comes out ?

IF we approach the ATH, it will act as resistance until breached and then act as support. That's a long way off assuming it happens at all, so don't worry about it.