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

[Fatman3001]

I was kind of expecting this today:



Where's tarmi, hdbuck and sky[vly?]?

[micalith]

When compared to previous big dumps, this is more of a slowish grind than a mass panic dump. Big players waiting for next week's wall street action?

[LFC_Bitcoin]

Have we found the bottom?

Big news this coming week to take us to 300?

[serpicodk]

Have we found the bottom?

Big news this coming week to take us to 300?

There will be no big news no more that can skyrocket the price.

[fonsie]

Have we found the bottom?

Big news this coming week to take us to 300?

There will be no big news no more that can skyrocket the price.

You've heard it here first people, serpicock said so. No more big news.

[ChartBuddy]

Coin
Explanation

[inca]

This whole setup still feels a bit manufactured. A huge long position slowly built, yet bull whales didn't push higher at 300 or 260 when it was easy to force shorts to capitulate or manipulate the technicals. At the same time as that position is accumulated, retail / technical momo traders are shorting bitcoin to new highs.

Things could go either way. But some huge news and a pump to end the bear market and wipe out retail - shorting something heavily after an 85% decline - wouldn't surprise me.

As usual things will look very obvious with the benefit of hindsight..

[Fatman3001]

This whole setup still feels a bit manufactured. A huge long position slowly built, yet bull whales didn't push higher at 300 or 260 when it was easy to force shorts to capitulate or manipulate the technicals. At the same time as that position is accumulated, retail / technical momo traders are shorting bitcoin to new highs.

Things could go either way. But some huge news and a pump to end the bear market and wipe out retail - shorting something heavily after an 85% decline - wouldn't surprise me.

As usual things will look very obvious with the benefit of hindsight..

It always does. I wonder if we will rub it in their bear noses if it turns our way.

[luckygenough56]

still no sh*tstorm. Am disappoint.

[ChartBuddy]

Coin
Explanation

[cbeast]

Governments say they gonna regulate bitcoins. They are just too ignorant to know they can't or they would have by now. Bullish!

[JorgeStolfi]

Just 2000 coins before we go below 230
8600 coins before sub 200.
One click of the mouse, and king bearwhale can throw bitcoin into oblivion.

There is efficient arbitrage, so you cannot consider just one exchange; you should merge the order books of all exchanges, including the Chinese ones.

And, moreover, a large drop or rise will bring in money or bitcoins that traders are keeping off-exchange for safety.

On the other hand, a sudden large move may scare traders into lowering their bids or raising their asks.

Conclusion, you cannot conclude anything... 

[nioc]

This thing is taking a fall into the abyss either tonight or in 4-5 days.  This is what happens when new money stops liking bitcoin as a speculative tool.

I disagree. I think we're going to stay around the 200-270 range until the end of the year. Maybe longer. There's so much in the works right now to help support the economy. It's going to be interesting seeing how things pan out in 2016+

The last quarter of last year "they" said that with all the VC investment in the btc infrastructure that 2015 was going to be the year of btc.  

[ChartBuddy]

Coin
Explanation

[ChartBuddy]

Coin
Explanation

[macsga]

This thing is taking a fall into the abyss either tonight or in 4-5 days.  This is what happens when new money stops liking bitcoin as a speculative tool.

I disagree. I think we're going to stay around the 200-270 range until the end of the year. Maybe longer. There's so much in the works right now to help support the economy. It's going to be interesting seeing how things pan out in 2016+

The last quarter of last year "they" said that with all the VC investment in the btc infrastructure that 2015 was going to be the year of btc.  

The main issue now is that with the current infrastructure, people with "BIG" money can't get coins easily. This is what BIT or COIN are here to overcome. It's not that hard to understand why we're keeping going down when there is a great difficulty to buy coins "NOW" whenever this "NOW" is.

Plus, one thing that I agree with JorgeStolfi (despite our disagreements) is that we need the exchange infrastructure to be more "transparent"; ie: I'd trust fully an exchange that posts every buy & sell transaction to the ledger, since it's happening anyway *is it?*...

We've got a long way ahead us my friends.

PS:List updated. (BlindMayorBitcorn is out of the list as well.)

[DonQuijote]

Have we found the bottom?

Big news this coming week to take us to 300?

What big news?

[gentlemand]

Have we found the bottom?

Big news this coming week to take us to 300?

What big news?

I can't foresee much on the horizon in the immediate future. GBTC trades above market would be significant but bureaucracy seems to be delaying that for a while yet.

[Fatman3001]

Have we found the bottom?

Big news this coming week to take us to 300?

What big news?

I can't foresee much on the horizon in the immediate future. GBTC trades above market would be significant but bureaucracy seems to be delaying that for a while yet.

Beyond the confidence given to BTC by regulators, which should already be priced in, what would "GBTC trading above market", within its closed loop system, really mean for BTC in general?

[Bagatell]

Have we found the bottom?

Big news this coming week to take us to 300?

What big news?

I can't foresee much on the horizon in the immediate future. GBTC trades above market would be significant but bureaucracy seems to be delaying that for a while yet.

US tax day April 15th? You wouldn't want to open a new business right at the end of the tax year I wouldn't have thought.