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

[Fatman3001]

^^ Permabull getting despondent...  Bullish!   

Its been holding fine for the last few weeks. It only looks bad if you were hoping for salvation from contrived derivatives like 'stockholm' and gbtc.

Newb mocking semi-newb's growing realisation the boat has sailed, hit the iceberg and is sinking. Bearish.

And you can always tell when the price hasn't done much for a while...a new strain of misogyny breaks out here....so old ladies are the latest target of bitcoinBile.  Classy.

Apparently, they are taking over the world.

Anyhew....

Admit it, you're here because you know this train is ready to leave the station. Choo Choo MF Style!!!

According to this thread they have taken control of the USA and China. The Chinese chapters of Hells Grannies apparently now control the price of Bitcoin. It's their fault the price hasn't done much for a while.

I'm lost.

Where I come from we just give them some of these:



But it's an international problem so I don't know what to do.

[uhoh]

Well, it has been fun guys. Even I'm starting to think that it is game over, and that we only ever got to $1000 thanks to the epic stupidity of one Mark Karpeles.

I suppose that counts as capitulation for me personally.

[Deadstock]

I've been having more fun with altcoins lately, lots of volatility for some coins.

[Natalia_AnatolioPAMM]

The new NYSE bitcoin index is certainly higher than the exchanges I follow:

https://www.nyse.com/quote/index/NYXBT

The price is from May 18

Yes, it's updated once a day and just based on Coinbase, lol!
https://www.nyse.com/publicdocs/nyse/indices/NYSE_Bitcoin_Index_Methodology.pdf

pffff, what a shame

[Chef Ramsay]

So many are solely focused on the current price but the infrastructure keeps getting bigger and stronger so that's the main clue as to where the price will go in due time. The price has held in a narrow alley for quite some time now.

[79b79aa8d5047da6d3XX]

https://www.nyse.com/publicdocs/nyse/indices/NYSE_Bitcoin_Index_Methodology.pdf

That's monumentally weak; that is a useless number.

Instead they could piggyback on:

http://www.teraexchange.com/index.html

[catena5260]

Presentation and official lunch of Gemini? 

https://generalassemb.ly/watch/winklevoss-gemini-livestream-registration?utm_campaign=2015+Q2+Partner+Livestream+[global]+Winklevoss+Livestream%09&utm_medium=partner_gplus&utm_source=winklevoss

I doubt that Gemini will launch any time soon.

And even if it does, it will only cause another pump to 300 that will correct itself to sub 250 as soon gemini opens

[uhoh]

So many are solely focused on the current price but the infrastructure keeps getting bigger and stronger so that's the main clue as to where the price will go in due time. The price has held in a narrow alley for quite some time now.

I tend to agree with that assessment. Neither bearish nor bullish and don't have an agenda like the trolls on here but I'm worried by the lack of trading volume these days.

[ChartBuddy]

Coin
Explanation

[gentlemand]

I doubt that Gemini will launch any time soon.

And even if it does, it will only cause another pump to 300 that will correct itself to sub 250 as soon gemini opens

I'm pretty sure they've stated that everything they need to do to launch technical wise has already been done. Now it's waiting for the Bitlicence etc. Unfortunately that's what always takes the serious time.  

[Tzupy]

Come on, bulls, you can do it! A little pump is all I ask, so I can place my short tomorrow.

[Mrpumperitis]

we will break $1000 easy, but we must wait till after regulation. Poloniex is changing its t&c ,they offering extra services in return for id. If you want to see your btc balance, you need to show them id. Soon exchanges will need a license and users may need to pay membership fee. Insurance could become available on coin storage. This will happen across all exchanges. Once things settle we will see the biggest pumps we have ever seen as this will be real big corporations/banks buying for themselves, this is when the exchange regulation becomes real important because when you try to sell btc for $5k each the taxman will be expecting his share.

[dropt]

Come on, bulls, you can do it! A little pump is all I ask, so I can place my short tomorrow.

"Come on bulls and investors.  Put your money here so I can shit on your face (likely with leverage) tomorrow for personal gain!".  Perhaps this ongoing mentality is why there isn't this "new money" coming in I keep hearing about.

[Tzupy]

Come on, bulls, you can do it! A little pump is all I ask, so I can place my short tomorrow.

"Come on bulls and investors.  Put your money here so I can shit on your face (likely with leverage) tomorrow for personal gain!".  Perhaps this ongoing mentality is why there isn't this "new money" coming in I keep hearing about.

This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...

[Fatman3001]

Come on, bulls, you can do it! A little pump is all I ask, so I can place my short tomorrow.

"Come on bulls and investors.  Put your money here so I can shit on your face (likely with leverage) tomorrow for personal gain!".  Perhaps this ongoing mentality is why there isn't this "new money" coming in I keep hearing about.

This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...

And we appreciate it. If you just wait till we reach 4k, you can have your little dump. Scouts Honor!

I've never been a scout.

[dropt]

This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...

But it would certainly be in your best interests to do so.  Since you're okay with everyone else losing as long as you gain, why not try to coerce them into your pocket?  Would it not make more sense from a profiteer to perpetuate an environment that facilitates gains?   By openly telling people you're going to take their money if they put it in the system, you're effectively killing any possibility of growth.  Without said growth a market can decline into death and then your cash cow is gone.  Perhaps stemming your greed to the betterment of the system might enable you to reap rewards for eternity instead of a brief moment in time.

[BlackSpidy]

Stolfi, I was asking for the "Major Bitcoin News website" that confused one European nation with another. Sounds vague and made up to me. But I guess it doesnt matter now.

[inca]

Come on, bulls, you can do it! A little pump is all I ask, so I can place my short tomorrow.

"Come on bulls and investors.  Put your money here so I can shit on your face (likely with leverage) tomorrow for personal gain!".  Perhaps this ongoing mentality is why there isn't this "new money" coming in I keep hearing about.

This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...

No, you promise collapse because of the shape of a chart.

We are in the slow boring phase. No new lows. No new highs. Just boredom until every last speculator flits away.

Then the price will rise again, catching out another wave of would be wealthy who sold out too soon.

[uhoh]

This is how markets work, everybody is after his personal gain. At least I'm honest, I don't ask bulls to buy while promising moon, on the contrary...

But it would certainly be in your best interests to do so.  Since you're okay with everyone else losing as long as you gain, why not try to coerce them into your pocket?  Would it not make more sense from a profiteer to perpetuate an environment that facilitates gains?   By openly telling people you're going to take their money if they put it in the system, you're effectively killing any possibility of growth.  Without said growth a market can decline into death and then your cash cow is gone.  Perhaps stemming your greed to the betterment of the system might enable you to reap rewards for eternity instead of a brief moment in time.

The market has a way of sorting this kind of thing out. One bad short on leverage can wipe you out completely.

[JorgeStolfi]

Bitcoin Tracker One (BITCOIN-XBT) daily trading summary:

Date       !  PRLO !   PRHI !   VNOT !       VSEK !      SPNX ! SPUX !   UPBX ! OBS       
-----------+-------+--------+--------+------------+-----------+------+--------+-----------
015-05-18  |  9.66 |   9.73 | 189783 | 1837195.92 |   9.68051 | 8.24 | 234.96 |           
015-05-19  |  9.61 |   9.72 | 109376 | 1057572.27 |   9.66914 | 8.35 | 231.60 |           
-----------+-------+--------+--------+------------+-----------+------+--------+-----------

Data from the BITCOIN-XBT page at NetFonds.se.

PRLO = Lowest price in specified day.

PRHI = Highest price in the specified day.

VNOT = Number of notes (shares) traded in day.

VSEK = Trade volume in SEK (sum over all trades of num of notes times price per note).

SPNX = Average note price in SEK for that day = VSEK/VNOT.

SPUX = Assumed SEK/USD currency exchange rate (typically from Google at end of that day).

UPBX = Average implied USD/BTC price ignoring fees = SPNX*200/SPUX