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

[Fatman3001]

Yes. I'm talking with a foreign company establishing in norway right now. They hope they don't have to pay VAT because their company is located abroad. I hope they don't have to pay VAT, because it would make it impossible for them to operate in Norway. But I think they have to...

If they are paid in BTC then there should be ways to avoid VAT on the coins themselves, but if they sell them somehow then it will be tricky. But it's probably worth writing a letter to the relevant authorities anyway. They will definitely not do anything if nobody cares enough to ask/complain about it.

[ChartBuddy]

Coin
Explanation

[nioc]

Monkey has revised his estimate for the turn to tomorrow, and his support number is now 236.  Intraday, should rise a bit over the next 3 hours.

Monkey want it to go up from now on, with resistance at 276, 378.  If not, the next support is 182, 126.

Don't most people here want it to go up from now on?

Cargo Cult TA© report.

After the last sell signal @267 it has been getting close to a buy the last several hours.  Although this doesn't mean it will become one I bought anyway @246.  Part of the reason is that I haven't had much time.  I had a short work day today, only 10 hrs   Let's see if I go 5 for 5

[ChartBuddy]

Coin
Explanation

[abercrombie]

Looks like another dark market might go down?  

http://www.reddit.com/r/Bitcoin/comments/304rhd/why_the_fck_are_we_dropping_faster_than_a_fat/

Code:

"Evolution market just exit scammed, and now if you head over to /r/darknetmarkets you 
can see that Agora, the second largest market (now largest), has just said they're going offline for 
24-48 hours for a "security update." People are extremely nervous to say the least. If Agora runs off 
too then that's basically the entire real economy of bitcoin going poof."

Per the Whale Club, Agora is back up and running.

[DaRude]

Looks like another dark market might go down?  

http://www.reddit.com/r/Bitcoin/comments/304rhd/why_the_fck_are_we_dropping_faster_than_a_fat/

Code:

"Evolution market just exit scammed, and now if you head over to /r/darknetmarkets you 
can see that Agora, the second largest market (now largest), has just said they're going offline for 
24-48 hours for a "security update." People are extremely nervous to say the least. If Agora runs off 
too then that's basically the entire real economy of bitcoin going poof."

Per the Whale Club, Agora is back up and running.

They pretty much unchallenged now and got the monopoly. Would be just dumb to run at this point.

[billyjoeallen]

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

[adamstgBit]

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

2 bucks a day and we can do >500 easy

[zoinky]

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

The market can remain irrational longer than you can remain solvent.

[ChartBuddy]

Coin
Explanation

[adamstgBit]

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

2 bucks a day and we can do >500 easy

its interesting to note that that daily volume is alot more then $900,000/day

stamps alone pulls like 5 million a day in trades


if it wasn't for all the profit taking and weak hands, idk man price would be different!

[adamstgBit]

once all the shorts are in, we should be able to move again.

shorts still increasing, this could take all day...

now >21K coins

good stuff.

shorts still going up, now at 21 600

i'd like to see 24K shorts tomorrow

[damiano]

Looks like another dark market might go down?  

http://www.reddit.com/r/Bitcoin/comments/304rhd/why_the_fck_are_we_dropping_faster_than_a_fat/

Code:

"Evolution market just exit scammed, and now if you head over to /r/darknetmarkets you 
can see that Agora, the second largest market (now largest), has just said they're going offline for 
24-48 hours for a "security update." People are extremely nervous to say the least. If Agora runs off 
too then that's basically the entire real economy of bitcoin going poof."

Per the Whale Club, Agora is back up and running.

Yeah but the evo coins are still on the loose

[ChartBuddy]

Coin
Explanation

[12345mm]

hooo hummm ... it's weird how the market can *apparently* be totally ok with whatever price the whales push us to huh ? (and that their action seems to be the only action that matters in terms of price) ... nice and stable 290-300 for 2 weeks , make sure there's plenty of optimistic longs looking for 300+ , slam the market by $50 to fuck all of them over , price stabilizes back easily at 245 , but bull sentiment nice and destroyed , make sure there's plenty of pessimistic shorts looking for sub 200 ... look for next up jam of the price back vertical to fuck all of them over ... and back and forth and back and forth ... alllllll about maximum pain and screwing the leveraged longs / shorts out of their positions by force through margin calls , and of course causing so much volatility that people give up their coins at losses in the super choppy market ... assume the price to jackknife between low200-near300 until gemini , when we quickly go well past 300 for the foreseeable future ...

[12345mm]

You french fried when you should have pizza'd ... If you french fry when you should pizza, you're gonna have a bad time ...

*i don't touch leverage or long/short ... i just paper trade raw coin ... no guts no glory but ... i can sleep at night so ... that's good ...

[Cconvert2G36]

So Agora came back up eh, so far no real reaction. I guess that drop from 26x to 23x wasn't completely related. Asks are looking mighty thin. Bears seem sleepy, I'm prepared (hoping) for some upside reaction back to mid 250's.   

[hyphymikey]

If you leveraged long when you should have leverage shorted..you're gonna have a bad time.

By all means, please short right now. Need more shorts before they get squeezed... Again.

[Cconvert2G36]

So Agora came back up eh, so far no real reaction. I guess that drop from 26x to 23x wasn't completely related. Asks are looking mighty thin. Bears seem sleepy, I'm prepared (hoping) for some upside reaction back to mid 250's.   

keep dreaming, this market is flatter than a pancake.

That's the defining characteristic of the bitcoin market lately, flat as a pancake with a chance of stop hunting whale splash.

[BTCtrader71]

Am I the only asshole who got caught in a long position >$260?  I mean it's not a leveraged long and I do have a little cash left, but damn.  It only takes $900,000/day net to support this price level. Assuming 1 million bitcoin bulls, that's less than a buck/day each.

2 bucks a day and we can do >500 easy

You've given me an idea:

Someone should use Ethereum to create a pump n dump. Anyone who wants to participate sends bitcoin to a prespecified address. Once a threshold number of bitcoin are accumulated, Ethereum executes the pump n dump and disburses the profits accordingly. If the threshold is not met by a specified time, the bitcoins are returned to the investors. All of this is executed in fully transparent and trustless fashion by the magic of Ethereum.

Billyjoeallen, I nominate you to design the pump n dump strategy.