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

[JorgeStolfi]

Kraken announce their new "Dark Pool" feature for buying/selling large amounts of bitcoin without being visible in order books - is this just the same as the "hidden order" option in Bitfinex?

Will the trades themselves be visible in the trade log (or in a separate trade log), after they have been executed?

[ChartBuddy]

Coin
Explanation

[Paashaas]

Horowitz's Hash

https://blog.openbazaar.org/openbazaar-is-entering-a-new-phase-with-funding/
http://www.coindesk.com/openbazaar-raises-1-million-from-silicon-valley-giants

Very cool update from them, they're working hard to make it real.

[Patel]

Doom: no date for Gemini or ETF
Boom: Gemini and ETF launching

All eyes are on this tonight I believe.

if ETF was launching, we would have seen an update on SEC's Edgar.

So cross out ETF launch.

[ChartBuddy]

Coin
Explanation

[JayJuanGee]

JayJuanGee

I'm working on a model for the pain threshold of btc investors. What is the point at which you sell everything, and refrain from telling anyone you know that you even flirted with such a thing? I acknowledge that either of these things could happen, but what is the price point that both do?

Kind Regards,

Surely, I am irritated by the long stagnant price; however, I remain a buyer and holder, unless there is some kind of negative change in the fundamentals of bitcoin. 

Even though, in the bitcoin world, in the last couple of years, there has been some political drama, there have NOT really been any material and/or substantial negative changes in the bitcoin fundamentals.... therefore, buying and holding seems to remain a decent strategy.

In other words, there are some people, including myself, who are NOT directly motivated by price (in terms of getting scared of long term lingering low prices).  Also, largely, bitcoin price really as been lingering in the lower $200s territories for 6 months, but that fact does NOT really break bitcoin or undermine its utility in any meaningful way.

[Fatman3001]

That hash rate spike... KNC and their new chips?
https://bitcoinwisdom.com/bitcoin/difficulty

Also: https://blockchain.info/sl/charts/n-transactions

Not according to www.blockchain.info/pools

I see antpool has been silly lucky lately without any extra hashingpower. It looks like it's the same for the whole network. Nothing has moved. KnC is still around 5-6%.

[Dotto]

If we don´t die of boredom before, we´ll be filthy rich.

[Fatman3001]

http://cointelegraph.com/news/114537/russia-expected-to-legalize-bitcoin-p2p-transactions

Maybe we will finally see some smart moves from Russia

That hash rate spike... KNC and their new chips?
https://bitcoinwisdom.com/bitcoin/difficulty

Also: https://blockchain.info/sl/charts/n-transactions

Not according to www.blockchain.info/pools

I see antpool has been silly lucky lately without any extra hashingpower. It looks like it's the same for the whole network. Nothing has moved. KnC is still around 5-6%.

They don't find much more blocks as second largest pool...

Exactly, so the whole network is lucky. It happens sometimes. Don't know why. Maybe some brainy people can chime in.

[ChartBuddy]

Coin
Explanation

[adamstgBit]

http://cointelegraph.com/news/114537/russia-expected-to-legalize-bitcoin-p2p-transactions

Maybe we will finally see some smart moves from Russia

wow this is bullish as fuck.

[ssmc2]

http://cointelegraph.com/news/114537/russia-expected-to-legalize-bitcoin-p2p-transactions

Maybe we will finally see some smart moves from Russia

wow this is bullish as fuck.

"May soon" -  "Expected" - "Very likely"

If true bullish indeed but call me skeptical. Let me know when it's actually HAPPENING.

[paul2000]

http://cointelegraph.com/news/114537/russia-expected-to-legalize-bitcoin-p2p-transactions

Maybe we will finally see some smart moves from Russia

wow this is bullish as fuck.

https://mobile.twitter.com/maxkeiser/status/608999235149692929
If he really convinced them, thank you Mr. Keiser!

[gentlemand]

https://mobile.twitter.com/maxkeiser/status/608999235149692929
If he really convinced them, thank you Mr. Keiser!

What a guy.

[aztecminer]

Poll: only a minority (14.6 % atm) thinks "the only way is up" from here: bullish indication.

eventually.. the chinese are bound to panic again before that tho .

[bassclef]

Um, yeah, we're gonna need more of those hats...

It would be nice to hear more of an opinion about this whole thing from you, boss.

There's definitely something brewing. Somebody of deep-pocketed fame has been keeping a lid on the price for weeks now amid this low volume chop. Who knows why or what for, possibly to buy off-market. Maybe the Winkle twins have moonworthy news and these guys want to start pumping at a lower price, who knows. The buying has been picking up to challenge this, making me wonder what the insiders know.

Technically speaking the market has been grinding along, forming a bottom. I see a nice double bottom and RSI bullish divergence on the 3d and weekly charts--signals to take seriously on these long timeframes.

You normally see this low volume behavior as the bear market grinds to a halt. Psychologically there is still a lot of bearishness and even respected market gurus are calling for more down. In reality the selling is all but gone and most of the stock is held by strong hands, not intent on selling at these low prices. You see an unwillingness of sellers to participate. At the same time buyers are not interested much in the stock and the few that are, are fine with waiting patiently for the market to come to them. So the price seems to inexplicably firm up amid a dull period.

What I've been looking for is an eventual rally out of this area as the market is not able to provide any more cheap coins. That's the real test for the accumulators that must be passed, and they must agree. The price would then run promptly to the top of the trading range on big volume, giving all the bystanders a reason to get in. A rally this far into the trading range where supply has been successfully tested for so many times has the power to reverse the bear market.

If the Winkles have good news, HODL ON to those hats!

[aztecminer]

Um, yeah, we're gonna need more of those hats...

It would be nice to hear more of an opinion about this whole thing from you, boss.

If the Winkles have good news, HODL ON to those hats!

did the Marshall's  do the final auction. i have hard time believing this is going anywhere before that final auction.

[gentlemand]

did the Marshall's  do the final auction. i have hard time believing this is going anywhere before that final auction.

The auctions have a track record of going straight into strong hands and nary a blip before or afterwards for the latter ones. They're important but not very market moving.

[bassclef]

Um, yeah, we're gonna need more of those hats...

It would be nice to hear more of an opinion about this whole thing from you, boss.

If the Winkles have good news, HODL ON to those hats!

did the Marshall's  do the final auction. i have hard time believing this is going anywhere before that final auction.

The overall trend will discount everything else so if the bull starts sooner rather than later, like late summer/fall, it wouldn't likely effect the price much. The smart money will begin selling thier tranches as the public mania gets underway and the price starts moving parabolic on larger timeframes, providing them with opportunity to unload large volumes. This is where the auctioned coins will likely be stealthily sold.

[sleger]

Bitreserve essentially just introduced free short-selling by locking the USD value without fees - no leverage tho.

So it is not short selling by definition, as short selling implies you do not have the bitcoins to start with.