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

[LFC_Bitcoin]

Are we going to the moon or what

All in good time young grasshopper

[byronbb]

Maybe it's in reference to the "Banks are Pigs" title in the economic section. Haha

No there is a saying "Bull and Bears make money, pigs get slaughtered". Ie the foolish masses. Of course OP is basically a bear.

[DeboraMeeks]

Are we going to the moon or what

Awesome, was actually waiting to see such comments.

No, we ain't going any moon, but Jupiter this time.

Stop asking for moons as we must look for some floors instead of expecting high spikes.

[Lauda]

Tastes like a breakout is coming.

We'll who is buying the 7k wall @300 on bitstamp? I left my last 2 million in my other pants.

I was just about to point out the resistance on Bitstamp when I've stumbled upon your post. Looks like the wall was reduced to 5.5k which is a little better, but still a lot of money.
I guess we will have to wait a bit for it to get removed or slowly bought. I'd rather see the price recover more, we don't need a huge spike right now.

[Norway]

Are we going to the moon or what

Awesome, was actually waiting to see such comments.

No, we ain't going any moon, but Jupiter this time.

Stop asking for moons as we must look for some floors instead of expecting high spikes.

Let's all moon!!!!!

[ErisDiscordia]

pigs gonna get slaughtered soon

a lone sad voice crying in the wind...

[billyjoeallen]

Tastes like a breakout is coming.

We'll who is buying the 7k wall @300 on bitstamp? I left my last 2 million in my other pants.

When we're @ $305 on BFX, Stampers will get brave. 2 mil in a 5 Billion dollar market is not much.
7K is formidable, but not even close to impregnable. We busted through a 27K wall at exactly that same price a few months ago.

[LFC_Bitcoin]

pigs gonna get slaughtered soon

a lone sad voice crying in the wind...

 

[JimboToronto]

How do you like your bears cooked gentlemen?

[Richy_T]

Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp   ) can have such catastrophic effect...growing pains

Very true. In the fiat world, Gox would have been "too big to fail", received a big bucket of taxpayer money and continued to lose its customers' money out the side-door.

Instead we just pick up and move on and make things better. The way it should be.

[spooderman]

^^ bitcoin is beautiful

[Richy_T]

People prefer derivatives above the real thing (because of leverage and possible additional advantages like borrowed funds)

The way I see it is that derivatives are the weapons of the bankers against the threat "bitcoin""

It will always be possible to create promissory notes and go fractional reserve with any asset. However, with Bitcoin, there is always Bitcoin at the core. If you have the private keys, you have the bitcoins and no one will be able to divest you of that value with tricky accounting or by running the presses. For those of us who take the role of evangelist, it in incumbent upon us to make it clear that these financial instruments are not Bitcoin

[Zangelbert Bingledack]

USDX also about to break 100.

[ChartBuddy]

Coin
Explanation

[aztecminer]

Tastes like a breakout is coming.

this is the 'everybody pay your taxes' bitcoin ..

[Richy_T]

https://www.tradingview.com/chart/FX:EURUSD/

EUR seems to be suffering a horrible death...

EUR/USD$1.05!!!  Parity inbound!  All you Europeans, Yer-a-peein' on your currency.

GBP/USD is taking a bashing too

Though GBP/EUR is relatively impressive. If only that were remotely useful to me.

[D05GTO]

::: Knock Knock::::

[Norway]

::: Knock Knock::::

Who's there? 

[aztecminer]

USDX also about to break 100.

seems like should be a good thing but when we look at the dollar index we can see the dollar always comes back down... and that we look eerily similar to 2008 economic crisis .. i am trying to convert my strong dollars now while i still can because when the 'big block of cheese day' arrives everyone will be forced to make cheese cake who has lots of cheese stored in their favorite cheese accounts... it takes about 70-80% of the cheese to make a cheese cake... after the cheese is transformed into cheese cake then everyone who has cheese cake will get coupons that can buy fractions of bitcoins with their cheese cake coupons.

[uhoh]

700BTC to go on finex. I wonder if we can stay above this time.