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

[Fatman3001]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

Why are you here Tarmi? just out of interest?  Are you here shorting and waiting for BTC to hit $100 and then $50 and then $0?

He is mining, hodling, and being a douche. Annoying bitcoiners is like making teenagers depressed. Real easy.

[Somekindabitcoin]

To reply to the poll, Bitcoin will never be worth that much unless most of it is either horded or destroyed. Scarce amounts lead to higher prices. This is like the physical bitcoins. They are scarce and worth alot, yet they have no bitcoin within them.

[JayJuanGee]

lol! it took exactly 18h of standstill to get beartards back on the table.

Yep... there goes any meaningful discussions, down the drain... 

[gentlemand]

They are scarce and worth alot, yet they have no bitcoin within them.

Yes they do. That was kind of the point from minute one. The private key is held behind a tamper proof sticker on the back.

[Fatman3001]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

Yes, it's real simple. With zero fees bots can trade the same coins hundreds and thousands of times a day to extract fractions of a dollar each time. They make money and the volume is "real", but it says little about the amount of coins on the exchange. People just need to use their heads.

[tarmi]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.

[slushee]

TO DA MOON!

[uhoh]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

[ChartBuddy]

Coin
Explanation

[tarmi]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that incident.

[BrewCrewFan]

Coin still above 290 and the bears are screaming the end is near and to get out now? Shiiitttt! To me this has been a stupid stable market for the longest I can recall. No sudden huge jumps up or down... to me this is great.

[uhoh]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that.

Mine too, as it goes. Still, it seems to have done them a lot of harm.

[BlindMayorBitcorn]

Also...I cannot quite believe I am typing this .................but the lack of the troll brigade is freaking me out a little....  suspicious?  


(ps, please do not come back)

They've been so omnipresent that your visual cortex has tuned them out. Ask someone else in the room to check if they're still there and report back.

 

 

[Bralex]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that.

Mine too, as it goes. Still, it seems to have done them a lot of harm.

I have to 3rd that they done the right thing when many others would have done nothing about it maybe even closed shop and ran, which is a shame but they are different and a breath of fresh air hopefully they pull it back.

[michaelGedi]

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

they gained my trust after that.

Mine too, as it goes. Still, it seems to have done them a lot of harm.

yeah, I've always used them, after btce exploded and before gox turned itself into a cheeseburger and frappucino mash. Recently moved my small stash onward as there is no telling if it will be possible to sell at the top of any medium term highs the way things are going. They've always been good to me with customer service, and I had trust in them. I'm just not sure if they are going to keep up. They "upgraded" after the hack, but it's not enough in my eyes compared to some of the very low volume options that may get noticed soon enough, or the ETFs an all that.

Sites with trading platforms accompanied by suites of other services like bitcoin linked debit cards are probably the future: https://anxpro.com/

[oda.krell]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.

If it sounded like I'm anti Bitfinex or anti OKC/BTCChina... I am not. Don't think they're more likely to run fractional reserve than Stamp, for instance.

My point was really just about what I think is a qualitative difference between one kind of volume and the other.

In a way, I think the people on the "traders/bots exchanges" occasionally glance at what's going on at the "grandma exchanges" as a way to gauge what "outside money" is doing.

At least, that's my explanation why Bitfinex (and to a lesser degree, Bitstamp) still have an impact on the market, despite the substantially higher volume on the CNY exchanges.

[12345mm]

I crashed, I burned
But then I learned
To keep my eye on you
You always say
You'll lead the way
But then you never do

I slowed, I swerved
But lost my nerve
And quickly looked away
When I looked back
The day was black
Then I heard you say

Why is the sun hot?
Why does it rain?
Why is there danger and
Why is there pain?
Why can't the burden we carry go away
And why isn't it Friday today?

Your lack of trust
Is hardly just
So do as you've been told
Please follow me
Into the sea
Don't worry if it's cold

I knew right then
My chance again
Would quickly slip away
I crash I cry
I burn but I
Still follow anyway

Why is the sea cool?
Why is it blue?
Why do I stay here?
Why is it you?
Notice the danger but don't help in any way
Why isn't it Friday today?

[damiano]

all I can see are some frustrate bulls not being able to reach 320 and close their longs on some suckers.

I am cool.

all I can see are some frustated bears not being able to reach any closer to 200 and get some cheap coins on some suckers.

I am cool

well, we can still hit 360 and then go into 100 territory, so I wouldnt be so cocky if I were bull.

and volume means shit. we all know that from china exchanges. you bullshave noticed that even china is following bitsatmp.  any explanation? 

You know the reason. The one I've been regurgitating over and over like a broken record*... all other things being equal, non leveraged non-zero fee volume has more impact than leveraged zero fee volume.

Doesn't mean Finex or Chinese volume doesn't matter, obviously not. But it means, Finex matters despite OKC's or BTCChina's volume being higher by a factor of 2 or 3, and even Bitstamp matters, despite volume being 1/10 of the big Chinese exchanges.

"Matters", for a brief moment, that is. Don't think it'll change the course, just delay the arrival a bit



* Yes, I like my metaphors mixed, not stirred

could be that or it could be that bitstamp is the only legit exchange that isnt involved in some form of fracional reserve/cooking of books. I am still laughing my ass at that bitfinex guy saying that he is trading on his own exchange.

Well considering that Stamp have lost 17,000 coins (and a lot of trust in the process), that seems like the least likely explanation.

Did they ever buy back those 17k?  I haven't been following them

[LFC_Bitcoin]

What's the general consensus on the next move?

Up
Down
Sideways


??

[Fatman3001]

What's the general consensus on the next move?

Up
Down
Sideways


??

Sidewaysish until exchanges get more fiat, then up.