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

[inca]

Comments on the bidside orderbook?

[LFC_Bitcoin]

chessnut is a genius - look at this EW prediction on July 8th -

We have rallied off the 62% fib in the mid 1650 as expected in wave ii of any primary wave. While the price still has some freedom within wave ii context this is probably the crux of the move arriving if the count is correct, and I dont see any appealing alternatives. Be prepared for a very bullish move in the coming days that could easily reach 1900.

...................................

Now he's predicting 2300 yuan. Is it moon time?

We have rallied off the 62% fib in the mid 1650 as expected in wave ii of any primary wave. While the price still has some freedom within wave ii context this is probably the crux of the move arriving if the count is correct, and I dont see any appealing alternatives. Be prepared for a very bullish move in the coming days that could easily reach 1900.

Sometimes you have to toot your own horn they say  

Even though I wasnt nearly bullish enough!


EDIT.  that spike to 2300 yuan was uncalled for, too far too fast, this will probably form a wave v considerably lower before a steady march towards 2300 and possibly up to the upper 2k yuan range.

[inca]

Do you guys reserve margin or just leave it rolling over on the variable daily rate?

[Fakhoury]

What a black comedy

[Elwar]

Do you guys reserve margin or just leave it rolling over on the variable daily rate?

When I used to do loans I would refresh it on my own but that takes a lot of time and effort to keep up with it. Rolling it over does it for you so you don't miss out on the time it takes for you to get an e-mail and do it manually. I'm not sure which is better. Different for everyone.

[SmoothCurves]

This sums up the current situation

[Fatman3001]

Interesting.

Rationalizing looks dumber when others do it.

Let's wait some days and see if I'm right or not.
This is certainly not the first time when someone tries to ridicule my advice. Ever since December of 2013, I have started to loathe bitcoiners more and more for it. It's kind of heartless, but I will actually feel joy when the most fanatical bitcoin zealots will go broke. I really think that they are the culprits of their tragedy and they deserve what's coming for them.

And you, of course, valiantly refuses to take that as a hint. And if the "most fanatical bitcoin zealots" haven't gone broke by now, they won't.

This litecoin rise won't break anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.

I'd say it's broken. It may go up again, but now: broken.

[newb4now]

Bitcoin Tracker One is still on top of Nasdaq Stockholm's ETN list:
http://www.nasdaqomxnordic.com/etp/etn

Not bad, bitcoin. Not bad...

This is good for us but the Winklevoss Bitcoin ETF will be much better. I wish it was not taking so long to get done

More stock exchanges around the globe may follow suit and list similar securities of their own

BTC should be easy to trade to both individual and institutional investors for fiat or other securities. One day it will be

[JimboToronto]

Well good morning Bitcoinland. Very good morning in fact.

Went to bed at 4:00am local time with the price stuck at $270 and people posting pictures of tumbleweeds.

Woke up to see that we didn't have to wait until next week for the next leg up. A pleasant little rise.

It appears also that the LTC bubble burst, as predicted by many. It makes it more obvious why all the trolls and sox were so frantically pushing LTC for the last few weeks/months. LOL

Hopefully the $260s are gone for good, and maybe even the $270s. Dreams of double digits are getting more and more ridiculous every week.

Over $300 to stay sometime next week?

Bitcoin has been behaving itself quite nicely since the start of June. Let's keep this going.

[ChartBuddy]

Coin
Explanation

[aztecminer]

Interesting.

Rationalizing looks dumber when others do it.

Let's wait some days and see if I'm right or not.
This is certainly not the first time when someone tries to ridicule my advice. Ever since December of 2013, I have started to loathe bitcoiners more and more for it. It's kind of heartless, but I will actually feel joy when the most fanatical bitcoin zealots will go broke. I really think that they are the culprits of their tragedy and they deserve what's coming for them.

And you, of course, valiantly refuses to take that as a hint. And if the "most fanatical bitcoin zealots" haven't gone broke by now, they won't.

This litecoin rise won't break anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.

I'd say it's broken. It may go up again, but now: broken.

it only takes $80 to crash ltc and hold it down ... lol.

[cbeast]

Get Ready!

[cyclotronmajesty]

So. Grexit. Is it gonna happen?

I'm rooting for it. We need a warrior people in the world.

Also. We would profit as crypto takes center stage.

I know people would eat shit for a while.
But you gotta loose before you win.

If you avoid pain. You become it's slave.

[Torque]

So. Grexit. Is it gonna happen?

I'm rooting for it. We need a warrior people in the world.

I hope so as well.  If Mr. Tsipras agrees to a deal, even a modified one, it will signal that he is simply another pawn (member? slave?) of the EU Oligarchy that will do everything in their power to get their way.  Being leveraged something like 30:1 in Greek debt, the EU Oligarchy doesn't want to have to start unwinding *any* existing assets/liabilities to pay for a haircut.

If a deal to stay in the Euro happens, I think the Greek people will be pissed.

[aztecminer]

This litecoin rise won't break anytime soon. Couple of other interesting btc-e coins will see even bigger gains in the close future.
This was all predictable if you knew more then to buy one type of coin and then just sit on your ass, trying to pray for success.

 

Most inexperienced traders don't know that you should actually fear slow declines more. Fast drops like this are mainly meant for one thing - to create panic that will force the weak minded folks to sell. What you're witnessing here is a bear trap that is traditional in the initial phase of a bubble. What makes it funny is that bitcoin was actually used only a tool to shake off more potential coins from weak hands.
These shakes are quite entertaining and you can win a nice sum with 1h trading if you keep your head cool.

luckily, i only sent some btc change i had laying around to ltc. and i can sit on those. i have a few more in cold storage. i actually had to reload my ltc wallet (which i need to upgrade now) to even see what i had cuz i forgot. i will buy coins and forget about them. i have all kinds of coins sitting in cold storage or on exchanges that have been there for months. once i can't trade anymore without losing then fukit. boring as hell though just HODLing. for litecoin ... a lot can happen in just 45 days. and a lot probably will happen. it's not like a halving happens all the time.

[ChartBuddy]

Coin
Explanation

[BlackSpidy]

I don't think crypto is even close to taking center stage. Not enough people know of bitcoin, not enough people understand bitcoin, and we won't see widespread adoption until we've solved a few issues. How many users does the entirety of cryptocurrency have? Do we even go into the million? I think bitcoin is going to be widely recognized by 2020, widely used and understood by 2030.

[spud21]

So. Grexit. Is it gonna happen?

I'm rooting for it. We need a warrior people in the world.

I hope so as well.  If Mr. Tsipras agrees to a deal, even a modified one, it will signal that he is simply another pawn (member? slave?) of the EU Oligarchy that will do everything in their power to get their way.  Being leveraged something like 30:1 in Greek debt, the EU Oligarchy doesn't want to have to start unwinding *any* existing assets/liabilities to pay for a haircut.

If a deal to stay in the Euro happens, I think the Greek people will be pissed.

It sounds like he has agreed to almost everything the EU Oligarchy wanted, including pension cuts and tax increases. Only 5 of his party MPs have decided to vote against him. I think it depends on getting it past the German parliament now. There's a chance for an agreement, but we'll have to wait until Sunday to find out what happens.

[oda.krell]

Hehe, didn't notice this one until now...

I guess OkC never received the memo to never go full retard.


Bitfinex



vs.

OkCoin

[cyclotronmajesty]

So. Grexit. Is it gonna happen?

I'm rooting for it. We need a warrior people in the world.

I hope so as well.  If Mr. Tsipras agrees to a deal, even a modified one, it will signal that he is simply another pawn (member? slave?) of the EU Oligarchy that will do everything in their power to get their way.  Being leveraged something like 30:1 in Greek debt, the EU Oligarchy doesn't want to have to start unwinding *any* existing assets/liabilities to pay for a haircut.

If a deal to stay in the Euro happens, I think the Greek people will be pissed.

Actually it appeared people were highly anxious of leaving the Euro. They just rejected the terms an consitions f the bailout: more austerity. They expected a better deal than that. But the globalists have oter plans for Greece. They are playing for keeps. So. Grexit looks inevidtable. Most likely it won't end there. We'll have a instigated civil war and probably revolution in due time by the likes of George Soros and the CIA or something. Greece can't become an example to others to disobey the master.