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

[chopstick]

Well folks, as this Greece crisis gets worse and Greece inevitably exits the Euro and/or descends into utter chaos I expect that Bitcoin will have the exact opposite reaction and go to the Moon.

Cuz that's just how bitcoin is apparently.. always does well during times of financial crisis.

http://www.zerohedge.com/news/2015-06-17/bank-greece-pleads-deal-says-uncontrollable-crisis-soaring-inflation-coming

[chopstick]

It appears that trading volume is grinding to a standstill. It looks like nobody wants to sell bitcoin cheap no more.
I see $300 in the horizon

I really hope so but I have my doubts that we're ready for 300 now. I've been hurt & kicked to death by the long bear market, it takes a lot to trust again  For the short term I just really hope 250 can hold.
I do not want to go down into the 220-230's ever again.

I personally enjoyed the 220's. Picked up a lot of cheap coins, increased my stash significantly

[LFC_Bitcoin]

It appears that trading volume is grinding to a standstill. It looks like nobody wants to sell bitcoin cheap no more.
I see $300 in the horizon

I really hope so but I have my doubts that we're ready for 300 now. I've been hurt & kicked to death by the long bear market, it takes a lot to trust again  For the short term I just really hope 250 can hold.
I do not want to go down into the 220-230's ever again.

I personally enjoyed the 220's. Picked up a lot of cheap coins, increased my stash significantly

Well I did too to be fair but I'm thinking long term now, I'm fairly happy with the stash I've acquired, I wouldn't be upset if I couldn't buy any more. I think anything below 300 is cheap. I will probably stop buying once we pass 300 again.

[mr angry]

Is there someplace to short LTCBTC?

Bitfinex  

I guess I should look before asking, I thought that was just for ltcusd. Thanks, I'll check.

edit: I guess I missed the opportunity, when I asked LTCBTC was up 26% over 24h IIRC

You can short LTCBTC at a higher rate (20x Leverage) on OKcoin but it's extremely risky. Also there have been questions raised about OKcoin's liquidity and some say it is operating on fractional reserves like Mt Gox before it went bankrupt, although I don't know if the rumors are true or not.

https://www.okcoin.com/t-92.html

OKCoin Futures releases 20x Leverage in Fixed Margin trading mode.  With this increased leverage, we urge investors to manage their risk carefully.

[Fatman3001]

SEPA transfers takes a while. A lot of money will be hitting the exchanges the next couple of days.

[gentlemand]

You can short LTCBTC at a higher rate (20x Leverage) on OKcoin but it's extremely risky. Also there have been questions raised about OKcoin's liquidity and some say it is operating on fractional reserves like Mt Gox before it went bankrupt, although I don't know if the rumors are true or not.

Regardless of their liquidity, their competence was called into question with all the crap surrounding their beef with Roger Ver. That's enough to turn me off. If you can suck up whatever your exposure is there if it vapourises then more power to you.

[Dilla]

$260 by tomorrow, $270s by weekend, $300 by Monday, $450 by next Friday. I can only dream... Haha

[Norway]

It appears that trading volume is grinding to a standstill. It looks like nobody wants to sell bitcoin cheap no more.
I see $300 in the horizon

I really hope so but I have my doubts that we're ready for 300 now. I've been hurt & kicked to death by the long bear market, it takes a lot to trust again  For the short term I just really hope 250 can hold.
I do not want to go down into the 220-230's ever again.

I personally enjoyed the 220's. Picked up a lot of cheap coins, increased my stash significantly

Well I did too to be fair but I'm thinking long term now, I'm fairly happy with the stash I've acquired, I wouldn't be upset if I couldn't buy any more. I think anything below 300 is cheap. I will probably stop buying once we pass 300 again.

I think we see this very much the same way. I think below 3000 will also be considered cheap in the future. My flag to stop buying, isn't a number (like 300). When it becomes very expensive for me to increase my stash with a very small percent, I'll stop buying 

[amelen]

250 didn't hold, so it's drifting down for now. Yesterday was a very big run-up, so people taking profit isn't necesarrily something to worry about. Definitely worth monitoring though to see if the breakout will follow through of it will drift back down to $230's.

[JimboToronto]

Good morning Bitcoinland. Still fighting for $250 I see.

Hopefully the $230s are gone for good. A little rest stop in the high $240s wouldn't hurt though.

Slowly and steadily up is best but at least it hasn't been boring these last couple of days.

Up is better than down.

[ChartBuddy]

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[Norway]

I wonder if Yellen's speach in two and a half hour will have any effect.

[amelen]

I wonder if Yellen's speach in two and a half hour will have any effect.

Good point. Higher interest rates in the U.S. would have a negative effect on BTC prices. So any confirmation of an upcoming interest rate hike would lead to a lower BTC. On the flip side, any delay of the hike would lead to higher BTC. However, past updates from Yellen have had minimal impact on the price.

[inca]

Trolls desperate for the price to tank lol..

[SnokkomBTC]

Trolls desperate for the price to tank lol..

so true, just a correction..

[Wings1987]

Bids appear to be moving up. Will not take much of an upward surge to hit $260 again. Should be fun.

[nioc]

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

XMR is not based on BTC code.

[barbs]

I'm laughing so hard right now

See you on the moon(tm)

[MICRO]

WTF Where are all the train pics ?

This topic changed so much nowadays .

[ChartBuddy]

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