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

[lister storm]

i think we saw the breakout of resistance , and $300 should happen later this month.

[spooderman]

After months of stagnancy, we have started to move up. Feels like the bear is closer to being defeated.

[aztecminer]

For the past year, or since the last ATH, I was saving gif's to post in this thread for during the rally.

Last week I reformatted my hard drive. SMH. 

So....we should sell?

if i had coins to trade with i probably would have. i don't watch close enuf since i only have coins to hold. i need more coins .. i get them when i get them. i will wait forever to get them if i have too. or just not get any. it dont matter cuz i got a bunch them storage. it would be funner though.

[_javi_]

Is LTC predicting BTC ? 

i posted that 2 hours ago.

[Norway]

Sweet!

[Richy_T]

Weak Steam Summer Sale -> Excess fiat floating around

[ardana123]

Ride up ends here boys, get off while you can.

[Ezmoneyezlife]

Chill, folks.
1) this fishy pump came from OKgox with its confirmed inside-bot trading by its owners
2) look at bid side of okgox and compare it to the "bought" volume
3) such "no reason pumps" are usually the part of the pump and dump scheme
4) OKgox has reached the expected top of the potential pump wave ~260 due to fib lvls
5) longs are still on the same lvl at finex, shorts squeezed for ~2k => market makers havent placed more longs which means they do want to close their old ones
Considering all of that - i bet that we're gonna see a quick dump once bid side on finex gets fat enough for those who started this P&D wave.
But bots on OKgox may create another fake pump wave to the absolute top ~1650 cny before that.

[minerpumpkin]

Downtrend log line approaching.

We need to cross $270 at the moment, so still a few USD away. But if that happens, we're golden. Golden, as in "17 months bear market ended"-golden.

That seems excessively optimistic...

What's excessively optimistic about that!?

[adamstgBit]

weak pump and dump is weak, get out while you still can


OMFG BUY TILL YOUR HANDS BLEED, GO GO GO, F!@#()*$&(@! BUY OR DIE

[600watt]

For the past year, or since the last ATH, I was saving gif's to post in this thread for during the rally.

Last week I reformatted my hard drive. SMH.  

that was the final capitulation we have been waiting for over a year. excellent job, mate. but @next bear market please re-format a bit sooner.  


edit: typo

[JimboToronto]

Time to change your poll Adam.

 

[BitChick]

i think we saw the breakout of resistance , and $300 should happen later this month.

later this month, or later today. 

[KFR]

Weak Steam Summer Sale -> Excess fiat floating around

Nice.   

[JorgeStolfi]

The top Chinese mining pools (who control more than 60% of the hashpower) have just got together and officially endorsed an increase of the max bock size limit to 8 MB, instead of the current 1 MB. 

http://www.reddit.com/r/Bitcoin/comments/3a0n4m/why_upgrade_to_8mb_but_not_20mb/

The blocksize caper thus seems to be on its way to resolution.  That increase will raise the max throughput to ~20 tx/sec intead of the current ~2.5 tx/sec, and reduce substantially the risk of persistent backlogs, natural or intentional (like the 8-hour backlog created by the 2-hour-long stress test, a coupld of weeks ago).

[coins101]

That was a quick fake shake  

[aztecminer]

Downtrend log line approaching.

We need to cross $270 at the moment, so still a few USD away. But if that happens, we're golden. Golden, as in "17 months bear market ended"-golden.

That seems excessively optimistic...

What's excessively optimistic about that!?

that crossing 270 means the bear market is over.. that part is doubtful.. you should know by now we could be at $300 and right back to $200 in a couple days. bitcoin is like a girl, its wired different. if you trying to understand how the bitcoin market is then you already messing up. don't try to understand what adam gubereuz said about "the roller coaster that makes the previous roller coaster nothing."

[Nas]

HOLY CRAP!

wtf?

What happened?

I don't know:

https://i.imgur.com/9Znr3jv.png

but I like it

I like it too. I hope we can see better prices this summer.

[coins101]

The top Chinese mining pools (who control more than 60% of the hashpower) have just got together and officially endorsed an increase of the max bock size limit to 8 MB, instead of the current 1 MB.  

http://www.reddit.com/r/Bitcoin/comments/3a0n4m/why_upgrade_to_8mb_but_not_20mb/

The blocksize caper thus seems to be on its way to resolution.  That increase will raise the max throughput to ~20 tx/sec intead of the current ~2.5 tx/sec, and reduce substantially the risk of persistent backlogs, natural or intentional (like the 8-hour backlog created by the 2-hour-long stress test, a coupld of weeks ago).

edit

8 5 Businesses control Bitcoin.

This must be the new definition of p2p, which no one controls?

 

[Norway]

weak pump and dump is weak, get out while you still can


OMFG BUY TILL YOUR HANDS BLEED, GO GO GO, F!@#()*$&(@! BUY OR DIE