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

[Bicmac1973]

When is arb going to smack bitstamp in the face? Too risky?

Bitstamp may still have trouble with deposits. No cash, no arb I guess.

[ChartBuddy]

Coin
Explanation

[alesx.onfire]

will test $240

[JerryCurlzzz]

will test $240

Hmmm, candles are curling down now... some sell volume coming in on Bitfinex. I think there is more to this dip incoming. Gonna wait it out before I buy more BTC. It may have to retrace the whole rally. Waiting out LTC for the moment too.

[inca]

will test $240

Hmmm, candles are curling down now... some sell volume coming in on Bitfinex. I think there is more to this dip incoming. Gonna wait it out before I buy more BTC. It may have to retrace the whole rally. Waiting out LTC for the moment too.

Not sure where you are looking but right now the price is 4 btc below 234 and there is no sell volume on bitfinex!

[ChartBuddy]

Coin
Explanation

[luckygenough56]

let's redistribute wealth 

[minerpumpkin]

Huh, why is there no bouncing off of that support... Meh :/

[BlindMayorBitcorn]

Dumps are fine.  It redistributes wealth.

                    "It redistributes wealth!"

You don't disappoint me.

[Fatman3001]

You don't disappoint me.

[BlindMayorBitcorn]

You don't disappoint me.

[Fatman3001]

You don't disappoint me.

-snip-

-snap-

Soon^TM

[ChartBuddy]

Coin
Explanation

[Specular]

Hahaha - I had to look up what that was Fatman...

"Drone Boning"

Now I have seen everything.

Regarding BTC price... I think that there is a chance that Greece's drama may influence our little crypto coin this week.

http://www.telegraph.co.uk/finance/11673989/Syriza-Left-demands-Icelandic-default-as-Greek-defiance-stiffens.html

If Greece goes the way of Iceland, things will escalate real quick in Europe's financial Markets. Germany & France may take a bath to the tune of 160 Billion.. no one knows how that would play out.

[samson]

Dumps are fine.  It redistributes wealth.

                    "It redistributes wealth!"

Dumps are fine, they redistribute risk.

[ChartBuddy]

Coin
Explanation

[belmonty]

Hahaha - I had to look up what that was Fatman...

"Drone Boning"

Now I have seen everything.

Regarding BTC price... I think that there is a chance that Greece's drama may influence our little crypto coin this week.

http://www.telegraph.co.uk/finance/11673989/Syriza-Left-demands-Icelandic-default-as-Greek-defiance-stiffens.html

If Greece goes the way of Iceland, things will escalate real quick in Europe's financial Markets. Germany & France may take a bath to the tune of 160 Billion.. no one knows how that would play out.

The currency markets will become far more volatile than Bitcoin if Greece defaults. The Euro had one of its biggest ever crashes the last time Greece came close to defaulting. Most people price Bitcoin in Dollars but I expect a Euro crisis will have some sort of effect on it.

[AceWallen]

hmm, i've been waiting for a dip to buy but the damn thing won't come down. is all this consolidation at the top bullish or bearish? everything says overbought at the moment, so pretty hesitant to buy up here.

[gentlemand]

hmm, i've been waiting for a dip to buy but the damn thing won't come down. is all this consolidation at the top bullish or bearish? everything says overbought at the moment, so pretty hesitant to buy up here.

Why not indulge in a bit of cost averaging? It saves constant market scanning and probably equals out quite nicely over time.

[cyclotronmajesty]

Not quite understanding the behavior of some buyers. Dipping down almost into 232 again? Miners doing this? The Monday blues in Asia? Or more talk of forking? The latter is the likely candidate...

I wish they'd just fork and get it over with.