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

[Fatman3001]

At some point in the not so distant future these weekend shenanigans are going to be less important. The big money is going to flow almost exclusively during weekdays. I can't wait.

[ChartBuddy]

Coin
Explanation

[inca]

Pretty low volume selling. Smells like capping action rather than a serious attempt to push the price much lower.

[Walsoraj]

At some point in the not so distant future these weekend shenanigans are going to be less important. The big money is going to flow almost exclusively during weekdays. I can't wait.

#Cult

[ensjovis]

Don't cry, fellow bulls. Just 8 days to Nasdaq Sweden start trading bitcoin-paper (backed by real BTC).
This time, with unlimited volume on both bids and asks. (The GBTC has less than 150.000 bitcoins in matured shares.)

I don't think its backed by real BTC. When you buy oil shares, you don't back up your shares with buying more actual oil.

[inca]

Huobi, stamp and btc-e just blindly follow finex it seems. Few more nibbles on finex and we are back to 243-5.

[gentlemand]

I don't think its backed by real BTC. When you buy oil shares, you don't back up your shares with buying more actual oil.

Au contraire

"XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market."

http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/

[coinableS]

I don't think its backed by real BTC. When you buy oil shares, you don't back up your shares with buying more actual oil.

Au contraire

"XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market."

http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/

May 2015, the month that bitcoin went institutional with GBTC going live and Nasdaq Stockholm. Will we be able to look back in X amount of years and see it as a significant date in either adoption or price? I'm thinking maybe.

As for short term right now not really any walls visible, but I think we are going to drop a little further for a day or two. Trend wise, I'm confident the 18 month bear trend is at a close.

[gentlemand]

May 2015, the month that bitcoin went institutional with GBTC going live and Nasdaq Stockholm. Will we be able to look back in X amount of years and see it as a significant date in either adoption or price? I'm thinking maybe.

Definitely a significant date for the stamp of legitimacy and usability. No idea about adoption or price in the near future. That's not super vital anyway. It's all building a stairway to a brighter future.

[bassclef]

Pretty low volume selling. Smells like capping action rather than a serious attempt to push the price much lower.

Seems like money making maneuvers by bored whales to run some stops and build up a few shorts before the rally resumes tomorrow.

[inca]

I don't think its backed by real BTC. When you buy oil shares, you don't back up your shares with buying more actual oil.

Au contraire

"XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market."

http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/

May 2015, the month that bitcoin went institutional with GBTC going live and Nasdaq Stockholm. Will we be able to look back in X amount of years and see it as a significant date in either adoption or price? I'm thinking maybe.

As for short term right now not really any walls visible, but I think we are going to drop a little further for a day or two. Trend wise, I'm confident the 18 month bear trend is at a close.

Until we breach the exp down trendline on heavy volume anything could happen. But bears have taken haircuts recently. Selling to buy back in lower is not a given now. And shorting is mighty risky all of a sudden. It is looking good.

Imagine what happens if the NASDAQ etf starts hoovering supply off exchanges. We could get constrained supply very quickly indeed. Other investors see the price rising and suddenly there is a wave of investor capital trying to buy in. A previously closed pool of capital. I have posted before that a bubble could happen very quickly and far higher than most people on here expect. These things always look obvious in retrospect, but at the time with people like NLC mouthing off it can be difficult to see the bigger picture, when everyone is focusing on the price.

[micalith]

I don't think its backed by real BTC. When you buy oil shares, you don't back up your shares with buying more actual oil.

Au contraire

"XTB Provider AB will hedge all sales of the bitcoin traded note by buying an equal value in the bitcoin market."

http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/

May 2015, the month that bitcoin went institutional with GBTC going live and Nasdaq Stockholm. Will we be able to look back in X amount of years and see it as a significant date in either adoption or price? I'm thinking maybe.

As for short term right now not really any walls visible, but I think we are going to drop a little further for a day or two. Trend wise, I'm confident the 18 month bear trend is at a close.

Until we breach the exp down trendline on heavy volume anything could happen. But bears have taken haircuts recently. Selling to buy back in lower is not a given now. And shorting is mighty risky all of a sudden. It is looking good.

Imagine what happens if the NASDAQ etf starts hoovering supply off exchanges. We could get constrained supply very quickly indeed. Other investors see the price rising and suddenly there is a wave of investor capital trying to buy in. A previously closed pool of capital. I have posted before that a bubble could happen very quickly and far higher than most people on here expect. These things always look obvious in retrospect, but at the time with people like NLC mouthing off it can be difficult to see the bigger picture, when everyone is focusing on the price.

yup, I imagine it being touted as the first 'legitimate bubble'

[ChartBuddy]

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Explanation

[ChartBuddy]

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Explanation

[JorgeStolfi]

"If it hasn't been tested, consider it broken..."  

Even if it has been tested...

Those 15-bit numbers that overflowed in the Ariane V accident were to be fed to the digital-to-analog converters that steered the the engine nozzle, to keep the rocket upright during the ascent.  That software had been more than tested, it had been used successfully in many Ariane IV flights.  But the engineers forgot that the Ariane V was a much bigger rocket, so the forces involved would be bigger, so the numbers would be bigger...

[Mrpumperitis]

got in with 370 btc last week at 230, this week we should be going over 250s , btc isnt pumping , its undervalued and smart money is buying it up

[thebitcoinquiz.com]

got in with 370 btc last week at 230, this week we should be going over 250s , btc isnt pumping , its undervalued and smart money is buying it up

Its not undervalued. Its rightly valued atm.  Don't expect the price to move upward in the coming 2-3 months, just hope that the dumpers wont dominate the market again.

[Mrpumperitis]

got in with 370 btc last week at 230, this week we should be going over 250s , btc isnt pumping , its undervalued and smart money is buying it up

Its not undervalued. Its rightly valued atm.  Don't expect the price to move upward in the coming 2-3 months, just hope that the dumpers wont dominate the market again.

sorry bro, but i fully expect the price to move upward in the coming 2-3months, we are at a very crucial period, http://www.coindesk.com/swedens-nasdaq-exchange-approves-bitcoin-based-etn/   is one of many reasons. With regulation so near they are stocking up. Once regulated the biggest changes will be in exchanges and coin storage as both will now be fully insured against theft etc. Exchanges will have to comply with the new rules which will mean full id of all users, in return for giving the id you will feel safe knowing your coins are insured. Banks will offer services based on btc and will make it easier and safer for the avergae joe to buy/hold and trade as long as tax is paid.

http://www.coindesk.com/nasdaq-bitcoin-marketplace-noble/   heres another

[Dump3er]

Ha, they unbanned the dump3er, eventually!

[ChartBuddy]

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Explanation