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

[Fatman3001]

Capital controls on Friday - confirmed...

Insider info. Seriously.

Holy sheeetttt....  

... hitting the fun!

I am not BS guys, I hope it is not real even if I am long...

I was going to ask: are you serious or reeal serialz?

Turn on bloomberg, they are talking about capital controls for 3 days now. Also this is nothing new in Europe... Cyprus, Iceland.

I know it's a possibility, but he claimed it's confirmed.

[Asrael999]

Capital controls on Friday - confirmed...

Insider info. Seriously.

Holy sheeetttt....  

... hitting the fun!

I am not BS guys, I hope it is not real even if I am long...

I was going to ask: are you serious or reeal serialz?

Turn on bloomberg, they are talking about capital controls for 3 days now. Also this is nothing new in Europe... Cyprus, Iceland.

I know it's a possibility, but he claimed it's confirmed.

it's not

[Dotto]

It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...

They are not 'based in BTC'.  
LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another.  As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb.  Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges.  (I don't have any experience doing this, just based on theory)

I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump.

hoarding is very different from arbing.  Arbing (arbing BTC prices and using LTC as a money transfer between exchanges)  would't move up the price of LTC (only very slightly), as it would get sold again on the other exchange after a few minutes.

I got it. Thanks

[Master mind]

someone trying to push that price back down.

u see them sell these little bits of .001 for 50 ¢ off trying to make the ticker price flash lower, then they put up a wall.

http://bitcoinrichlist.com/top500

[Lauda]

someone trying to push that price back down.

Says who?

We're still going in the right direction. I'm actually surprised that we're seeing this positive thread right now. Has anyone figured out what is causing this? Greece?

Hey, it does not matter even if this does not happen, we gonna rally until Friday either way..

This is still not clear to me. Exactly what is going to happen after Friday?

[Andre#]

If we pass 260, I'll make myself a strong drink. I don't care if it's in the middle of the day!  

I thought 266 is the magic number.

[empowering]

[Asrael999]

http://www.bloomberg.com/news/articles/2015-06-17/rbs-customer-payments-missing-after-latest-technology-failure

they should have used bitcoin

[inca]

NLC still posting bearish crap. Must be feeling helpless watching the price keep rising.

Let's see if we retest the log downtrend line.

[medialab101]

someone trying to push that price back down.

Says who?

We're still going in the right direction. I'm actually surprised that we're seeing this positive thread right now. Has anyone figured out what is causing this? Greece?

Hey, it does not matter even if this does not happen, we gonna rally until Friday either way..

This is still not clear to me. Exactly what is going to happen after Friday?

We should't have been in this low range in the first place. If you all recall we were well on the way to breaking back into the 300s when a dark market got hacked and bears used it as an excuse to push the price lower... then we got stuck in this whole 'the sky is falling' block-size debate. I see this as a natural correction that was bound to happen sooner or later.

[empowering]

[Master mind]

http://www.bloomberg.com/news/articles/2015-06-17/rbs-customer-payments-missing-after-latest-technology-failure

they should have used bitcoin

Or Mt. Gox
https://en.wikipedia.org/wiki/Mt._Gox

[empowering]

 

[Fatman3001]

It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...

They are not 'based in BTC'.  
LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another.  As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb.  Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges.  (I don't have any experience doing this, just based on theory)

I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump.

hoarding is very different from arbing.  Arbing (arbing BTC prices and using LTC as a money transfer between exchanges)  would't move up the price of LTC (only very slightly), as it would get sold again on the other exchange after a few minutes.

Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?

[8up]

Movement currently is very powerful.

Edit: especially on chinese exchanges!

[Wings1987]

NLC still posting bearish crap. Must be feeling helpless watching the price keep rising.

Let's see if we retest the log downtrend line.

INCA - I have seen multiple charts/theories of where the log downtrend line is. Where do you see it? And I imagine at $259.10 we have broken it.

[Spaceman_Spiff]

Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?

I think people buying LTC buy it to make a profit.  Either they expect BTC to rise significantly, and LTC to rise even more (EDIT: because LTC tends to be an exaggerated version of BTC), or they think they are frontrunning the reward halving.  

[paul2000]

Log downtrend broken on huobi and finex

[Elwar]

It is really possible to arb BTC with LTC? Or with XMR?. Since they are based in BTC seems like a flawed logic...

They are not 'based in BTC'.  
LTC or XMR or any other cryptocurrency can be used to quickly get funds from 1 exchange to another.  As long as the LTC/BTC or XMR/BTC pair remains the same at 2 exchanges, while there is a difference in the USD/BTC exchange rates, you can use it to arb.  Thing is that the LTC/BTC pairs have less liquidity, and will probably quickly become the same or similar at the various exchanges.  (I don't have any experience doing this, just based on theory)

I'm not sure if whoever's hoarding LTC is trying to make money on the arb or just trying to manage the BTC pump.

hoarding is very different from arbing.  Arbing (arbing BTC prices and using LTC as a money transfer between exchanges)  would't move up the price of LTC (only very slightly), as it would get sold again on the other exchange after a few minutes.

Retard question: Is it reasonable to assume that the LTC is being bought to help distribute the pump then or are these things totally unrelated?

LTC has usually followed the Bitcoin price.

During the jump to $1200/BTC it got up to around $40/LTC. Crashed in the same way.

I believe it is generally believed that if Bitcoin becomes a major currency, then Litecoin will be one as well. Just less so.

[dakota neat]

I see this as a natural correction that was bound to happen sooner or later.

+1

+2 the only way to end this bear market is a gigantic green dildo