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

[luigi1111]

evo coins going to monero for mixing?

Makes sense since a mixer alone can't handle that volume of btc

XMR's 30-day volume is ~6,500 BTC. If someone were actually trying to use it to mix 1,000s of BTCs, it would be much higher.

They are not trying rather they're succeeding.

Nice set of charts. What do they mean?

Unfortunantly it exposes the attempt at using alts as a way to gather usd before the btc usd pump.

Why wouldn't you want BTC if there is a coming pump, rather than USD?

Beyond that, XMR's volume doesn't pass a basic sniff test.

[tarmi]

Am I missing something? Won't this just result in some steady downward pressure until they've finished?

to cut a long story short - yes.

you are seeing it happening already. but bitcoin bulls are stubborn.

[Sitarow]

Would the XMR/BTC movement also help explain the downward pressure on LTC?
I.e., if you look at the Poloniex market, the trading index currencies seem to be BTC/XMR/USD.
So it looks like they're directly converting LTC to XMR, and cashing out into BTC/USD.
It looks like they accumulate ltc on btce then move to poloniex to continue the game?
I don't see a bump in BTC with accumulation though it seems they're just strictly cashing out?
Am I missing something? Won't this just result in some steady downward pressure until they've finished?

Unlike the Bitstamp coins that was used to shore up USD prior to the $315 1 day pump.

They may opt to either exit or do a similar BTC/USD move in the hopes of covering the exit.

Unfortunantly what can be done now is record the data and review. Now is not a good time to use leverage.

Also BTC is far more valuable than any alt. LTC has been valuable as an alternative network for trade. A backup as it were. However alts have been used in silance in the past as a way to bait the greedy.

Don't be a victim.

[SilenceOfTheLamb]

Why can't Bitcoin be more like Monero

As far as I recall, NLC didn't like it when Sitarow first spilled the beans on this laundering thing. Is NLC a money launderer or something?

https://i.imgur.com/Ng6B1L3.png

[damiano]

This is looking ugly now

[noobtrader]

why only 2-3 usd movement ?

who can profit from this trade ? let it rise to 300 pls

[damiano]

why only 2-3 usd movement ?

who can profit from this trade ? let it rise to 300 pls

20x and 50x leverage can with a good sized position.

Every dollar it ticks im making about .68BTC currently

[adamstgBit]

why only 2-3 usd movement ?

who can profit from this trade ? let it rise to 300 pls

20x and 50x leverage can with a good sized position.

Every dollar it ticks im making about .68BTC currently

50x leverage!

you're kidding...

one move in the wrong direction and you're done.

[gentlemand]

why only 2-3 usd movement ?

who can profit from this trade ? let it rise to 300 pls

20x and 50x leverage can with a good sized position.

Every dollar it ticks im making about .68BTC currently

Cor blimey. That would require more balls than I possess. Is there any info out there as to how many people have positions with that type of leverage?

[Anotherthing]

Hello, my name is Mr. Snrub. And I come from, uh... someplace far away.
Have you gentlemen heard about Monero, the cryptocurrency that got privacy right?  Or are you happy with adding "pseudo" to anonymity?

http://s3.postimg.org/b5fzkfaxv/Capture.jpg

[damiano]

why only 2-3 usd movement ?

who can profit from this trade ? let it rise to 300 pls

20x and 50x leverage can with a good sized position.

Every dollar it ticks im making about .68BTC currently

50x leverage!

you're kidding...

one move in the wrong direction and you're done.

I use 20x which isn't as bad

I have orders protecting my position, but my margin call is at 274? So I think I'm safe

I have a big order at 270 to protect myself

[SilenceOfTheLamb]

Hello, my name is Mr. Snrub. And I come from, uh... someplace far away.
Have you gentlemen heard about Monero, the cryptocurrency that got privacy right?  Or are you happy with adding "pseudo" to anonymity?

http://s3.postimg.org/b5fzkfaxv/Capture.jpg

Just another P&D alt.  Not like Bitcoin.

[ChartBuddy]

Coin
Explanation

[Sitarow]

Hello, my name is Mr. Snrub. And I come from, uh... someplace far away.
Have you gentlemen heard about Monero, the cryptocurrency that got privacy right?  Or are you happy with adding "pseudo" to anonymity?

There is no privacy on a central exchange.

[bad trader]

He's talking to himself again.

[adamstgBit]

Hello, my name is Mr. Snrub. And I come from, uh... someplace far away.
Have you gentlemen heard about Monero, the cryptocurrency that got privacy right?  Or are you happy with adding "pseudo" to anonymity?

Just another P&D alt.  Not like Bitcoin.

[Meuh6879]

+1

BTC = 230 USD
Monero = 4mBTC

...   do the maths.

[Anotherthing]

Hello, my name is Mr. Snrub. And I come from, uh... someplace far away.
Have you gentlemen heard about Monero, the cryptocurrency that got privacy right?  Or are you happy with adding "pseudo" to anonymity?

http://s3.postimg.org/b5fzkfaxv/Capture.jpg

There is no privacy on a central exchange.

As is the case with Bitcoin, Monero is used as money, to be exchanged for goods and services.
Especially when the goods are Schedule I & the parties offering the services look awfully young to be doing what they're doing, though not saying it's wrong.  I don't judge.

Sincerely,

  ~Mr. Snrub

[JimboToronto]

Good morning Bitcoinland.

Still going sideways I see.

Still a trollfest I see as well.

Ho freakin' hum. Extra coffee please.

[SilenceOfTheLamb]

I don't trust that Mr. Snurb.
Just don't think he's being entirely honest.

Edit: Tho still, Monero has been looking awful good lately, compared to BTC.  Sans all the nasty criminal associations, which is a plus.  Haven't read about the Vice Chairman of Monero Association doing a 2-year stretch, at least...

Imagine what it must be like to invest in something you're not mortified to admit to in public?