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

[Fatman3001]

In 48hours we will still be between $240-249. Quote me on this one.

I don't really see a reason for the price to go further down than this. Unless someone actually quickly sells a lot of coins, we shouldn't be moving down at least not for now.
The market has become quiet again, looks like the exciting times are temporarily over.

I'm pretty sure that a lot of people would like to see some action right now, but even in the past 12 hours most of the posting was done by Chartbuddy.

As this is the Wall Observer thread I'd like to point out that friggin humongous wall at finex. If that goes, we go.

[betterangels]

$245.., really? pump incoming.

[soullyG]

Wtf happened on BTC-e?

[LFC_Bitcoin]

Here we are again in the 240-250 range. Something has to give soon surely, whales & manipulators like to make money & nobody is making any serious money whilst the price continues to go sideways. Maybe they're waiting for the market to move on its own, maybe they're accumulating coins slowly so the price doesn't move much.
I don't know - somebody wake me up when it gets interesting.

[Bagatell]

Wtf happened on BTC-e?

DDOS I think.

[ChartBuddy]

Coin
Explanation

[soullyG]

Wtf happened on BTC-e?

DDOS I think.

Thanks! Just maintenance apparently:

https://twitter.com/btcecom/status/612673855732236289

Hello. 24/06/15 unplanned maintenance 06:00-07:00 UTC. #btce

[betterangels]

Wtf happened on BTC-e?

DDOS I think.

Thanks! Just maintenance apparently:

https://twitter.com/btcecom/status/612673855732236289

Hello. 24/06/15 unplanned maintenance 06:00-07:00 UTC. #btce

"unplanned" sounds more like "DDOSed"

[Bagatell]

I've just been logged off BTC-e. Others in the troll box were reporting the same. Problems ongoing it seems.

[betterangels]

btc-e


Error 502 Ray ID: 1fb8939da7e20ad8 • 2015-06-24 12:53:38 UTC
Bad gateway

[ChartBuddy]

Coin
Explanation

[alesx.onfire]

btc-e website doesn't work for me

[cyclotronmajesty]

If it's gonna crash...

 please crash hard....

very hard...

and get it over with already.


...
(unbelievable these fuckers and their price walls

...Do bulls actually buy coins or is it only bears that trade BTC?

It's a pretty lousy negotiation tactic folks, to put up a 50,000 $ sale of coins 50¢ higher than the ticker price. )

fucking pissing me off.

[ghandi]

Fuckoff Bitcoin! I'm all in JUDGE

[billyjoeallen]

unbelievable: all he financial newsmonkeys were reporting a "deal" in Greece, but there was only a tentative agreement on a framework for negotiations, which has since gone to shit, as anyone following this drama was not surprised by at all. 

This problem is unfixable. All the key players know this. The only issue is if the can is still kickable. If Tsipras caves, he loses his job. If he doesn't, Grexit happens and loses his job anyway. The troika can't cave because writing Greek debt down means writing down Italian, Spanish and Portuguese debt also. Everybody is stalling for more time, but time for what? A miracle? Europe is limping towards the abyss until the currency and bond markets will push them over the edge. 

Liquidity suppliers, we need to be ready.

[tarmi]

keep dreaming about greece.


I find this post post about the spam test interesting. and I kinda agree.

Maybe the Bitcoin XT developers did this to spread FUD about bitcoin's integrity?

There's been no updates about results even though the test is over, I think their attack was way less harmful than projected and they don't even wanna talk about it, 20 BTC was gone within a few hours since the transaction fees went up and they didn't properly account for that.

There's delays of a few hours sometimes even when the bitcoin network is totally normal, so this didn't prove much. If someone really hated Bitcoin and had a million dollars to blow it wouldn't last more than a day, so it's an unlikely threat.

In fact, I think this proved that Bitcoin naturally responds to such an attack/transaction volume increase naturally and eliminates the problem. Transaction fees simply go up so people stop sending spam/dust transactions and only important transactions. This suggests a blocksize increase isn't necessary.

Real scientists would be happy to have a result and discuss it rather than disappear. This was not done by scientists, the illusion that it was an experiment to better understand Bitcoin is false. Those behind this 'test' only wanted to make Bitcoin look like it needs XT to survive. I'm fairly certain this was a stunt by Gavin and his buddies. If my suspicion is right then we certainly cannot trust the Bitcoin XT devs, they are willing to destabilize the inner workings of Bitcoin and hurt the Bitcoin economy, in order to spread fear among Bitcoiners so that they can gain control of Bitcoin's code. Fortunately it backfired, I think they were willing to delay transactions for over a day and cause some real damage.

Who else would spend 20 Bitcoins on this and try to be completely anonymous? No one...

[ejinte]

Die litecoin die!!

[ChartBuddy]

Coin
Explanation

[cyclotronmajesty]

OK... I think I figured it out...

Those 237 coin price walls are in fact fake. That guy/girl has no intention of selling.
Because if they wanted to sell at 241.8 they could have done that 5 hours ago without any protest.
But 5 hours ago they wanted to sell at 50¢ higher than the ticker price. Thus the scam.

[Sitarow]