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

[inca]

5k buy and we take 300 and 18k shorts capitulate. Incoming squeeeeeeze!

[ChartBuddy]

Coin
Explanation

[SnokkomBTC]

btc up, eur down.

What a nice day.

mmm.. coffee

[findftp]

Has this been posted already?

[JimboToronto]

if you think you can apply normal rules from other venues like forex and stocks here you are going to get burned badly.

It's amazing how many people can't seem to grasp that simple fact.

That's the main reason I take traditional Technical Analysis with a grain of salt regarding Bitcoin.

[everaja]

can anyone make me understand why the price of bitcoin is suddenly spiking from last few days?

[SnokkomBTC]

can anyone make me understand why the price of bitcoin is suddenly spiking from last few days?

because we slowly enter the UP trend

bye bye bears

[findftp]

can anyone make me understand why the price of bitcoin is suddenly spiking from last few days?

I just bought a few

[Mrpumperitis]

http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html

[Totscha]

can anyone make me understand why the price of bitcoin is suddenly spiking from last few days?

More people buying than selling. Probably betting that Grexit will push the price up...

[JimboToronto]

btc up, eur down.

What a nice day.

mmm.. coffee

Seems we're on opposite ends of our days. It's 3:00AM here.

I'll join you for a delicious cup of coffee at the crack of noon.

For now, I'll pour myself another wee nightcap.

 

[Mrpumperitis]

GUYS  big  BTC pump incoming, pumperitis style   enjoy next 6-8 hours will be fun 

[JimboToronto]

That little bounce down under $266 obviously wasn't the awaited correction/profit-taking I was expecting. It's already on its way back up.

Let's see how far this goes.

[everaja]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

[marcotheminer]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

There's not a specific reason. Some say it's due to the Greeks buying Bitcoin (that's doubtful). I would think it's others taking example from the Greeks and taking out some of their fiat and investing it into Gold or Bitcoin.

[JimboToronto]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

There's not a specific reason. Some say it's due to the Greeks buying Bitcoin (that's doubtful). I would think it's others taking example from the Greeks and taking out some of their fiat and investing it into Gold or Bitcoin.

Or it could be that it was simply overdue, like in October 2013.

[NUFCrichard]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

There's not a specific reason. Some say it's due to the Greeks buying Bitcoin (that's doubtful). I would think it's others taking example from the Greeks and taking out some of their fiat and investing it into Gold or Bitcoin.

But Gold is down from a week ago..
I think people are speculating that last time when Cyprus went crazy, the bitcoin price went up quickly. People don't want to miss the boat, so are getting involved early this time, moving the price.

Some whale might well decide that now is a good time to dump, I hope not though, the price is so low still, I am considering buying more...

[spiderbrain]

yeah , this time to make some profit , i cant believe i can so easily play secondstrade usd/btc predictions , i have converted my 4$ to 12 $ btc , hope i will quit now , with this.
can anyone give me a valid explanation why BTC price is suddenly becoming too high since last 2 days.
please give only serious reply

This is a completely normal level of volatility for bitcoin. It we go over $300 THEN it will get really nuts...

[Elwar]

I can see some of it coming from Greece.

Coinbase has an exchange in Greece. People in Greece can only make SEPA transfers within Greece. So if you have a bunch of money in your bank that you can't get out...send it to Coinbase to buy bitcoins before the banks seize it.

[itod]

CNN Money : Greeks are rushing to Bitcoin

http://money.cnn.com/2015/06/29/technology/greece-bitcoin/

Hyperbolic title but hey, can't hurt!

Some big entity should really put bitcoin atm's in all major cities and islands.

How stupid is this idea?!? Do you think someone who has EUR 60 daily limit on the ATM will waste their precious EUR on Bitcoin? They have many other more necessary things to buy with that money.  

ATM's are running low on fiat. Buy 1000 euro worth of bitcoins online, go exchange bitcoins for fiat at bitcoin atm. Doesn't seem that stupid "?!?"

You are telling me that the whole Greek banking infrastructure can't fill ATMs for more then 60 EUR/person a day, but some new private entity will succeed filling Bitcoin ATMs with more cash? that makes sense to you?