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

[Brewins]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

because it's summer and nothing happens here at this time. Wait till the fall 

They said a similar thing in the summer. This is not an excuse.

Many thigns happened in the stock market this year

[ChartBuddy]

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[ChartBuddy]

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[ChartBuddy]

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[Erdogan]

When iron ore prices goes down, and we hear about problems in china steel industry, we should think that the money from raw material producing countries would go down, not? So, just hours after entering some aussie shorts, a respected, well placed IDIOT in Autralia goes public with a statement that just now, he thinks that the aussie dollar was low enough, it shouldn't go further down. What did he mean, did he mean that Australia planned to stop money printing and debt issue to reduce the money volume? No, absolutely not, they can't do that. He just wanted to send the message to traders in the currency, and it had an immediate effect, the aussie dollar rose. I hate that.

That is why I like the fact that bitcoin does not respond immediately to what happens on the fx markets. (It seems to only respond violently to events in the bitcoin environment itself) It is better that the price rises slowly as an effect of more users and users holding more. Oganic growth. It is more sustainable.

[aztecminer]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

You must learn to embrace the sideways.



Time is short, enjoy it while you can.

lol.

[ChartBuddy]

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[ChartBuddy]

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[billyjoeallen]

What we are witnessing is the transition from a trader's market into a bull market.  It seems like everyone (including myself) are waiting for a dip to buy in or increase our holdings. Almost nobody is dumping, so we have to wait for the miners to sell enough to soak up the bids and grind the price lower. There seems to be a lot of resistance and a lot of support.

But every day we go sideways is one day closer to the halving. Every day new applications like Smart Contracts get closer to fruition. Every day, new use cases emerge and every day the fiat money printers print.

This griping about order books is amateurish.  I hide all my buy and sell orders as game theory dictates. Hidden orders are no more manipulative than visible orders that are fake.  Manipulators get burned just as often as they win and the net gain is zero. Big money can push the market around only for a time. Artificially low prices are a buying opportunity. Artificially high prices are a selling opportunity.  As always, position yourself so that time is your friend and not your enemy, then wait. You are almost sure to win if you don't get too greedy or get into too big a hurry.


Something just happened that nobody seemed to notice that is pretty big. Year over Year, Bitcoin is now outperforming crude oil. WTI has lost over 50% in the last twelve months and BTC has lost only 46%.  for the last quarter the bitcoin market is also, if you can believe this, less volatile.  What that means is that institutional investors now are starting to view crypto as a legitimate, respectable asset class.

[lemmyK]

yawn, why so much boringness and lack of moves, after all the fun of greek crisis and the fail to break 300 again

You must learn to embrace the sideways.



Time is short, enjoy it while you can.

lol.

[LFC_Bitcoin]

Something just happened that nobody seemed to notice that is pretty big. Year over Year, Bitcoin is now outperforming crude oil. WTI has lost over 50% in the last twelve months and BTC has lost only 46%. 

So we only lost half of our money over the past year?  Bullish!

Well the good news is you lost nothing NLC because you've never owned a single satoshi. Well done sir!

[chromosoma]

I though You can't mine bitcoins with CPU anymore, well i was wrong:
https://www.youtube.com/watch?v=kd8dvgErQ14

[ChartBuddy]

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[mavericklm]

I though You can't mine bitcoins with CPU anymore, well i was wrong:
https://www.youtube.com/watch?v=kd8dvgErQ14

lolz! i go buy few kilograms of cpu's 

so where are we going? where is the mooooon!? 

[ChartBuddy]

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[ChartBuddy]

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[Erdogan]

Finex: "...but users who do not remove their cryptocurrency holdings from their Bitfinex accounts (or set up a locked withdrawal address) by 4:00 pm EDT on August 15th, 2015 will have their cryptocurrency balances exchanged to USD at market rates. "

We just passed that moment. I hope they don't dump all of it in a short time.

[billyjoeallen]

Finex: "...but users who do not remove their cryptocurrency holdings from their Bitfinex accounts (or set up a locked withdrawal address) by 4:00 pm EDT on August 15th, 2015 will have their cryptocurrency balances exchanged to USD at market rates. "

We just passed that moment. I hope they don't dump all of it in a short time.

whatever the reason. I want my weekend discount. looks like I might get it. only a few hundred dumped so far, but the Chinese are snoring in their potassium cyanide contaminated houses, so we'll see.

[LFC_Bitcoin]

It looks that those mini buy walls on Kraken are real. Interesting...  

Btc-e has some wings again 

Good, we're desperate for some positive price movement at the moment.
Sideways----Down----Sideways----Down is not a good look. Hopefully there's some significant buys tonight. I'd like to wake up to around 280

[bassclef]

NY residents needed to withdraw their BTC from Bitfinex by 4pm Eastern today or the balances would be converted to USD. About 250 BTC in shorts opened this last hour...I overheard lots of fud in the chatrooms about the "Finex dump" so let the gamblers gamble...