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

[ChartBuddy]

Coin
Explanation

[bad trader]

It looks more and more like the manipulator may want to push this up from here.

[Adrian-x]

The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

Only 43 newbies over there and not a single hero!

Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?

Yeah, such a shame. That was about the only thread i actually read together with Masterluc's en Klee's thread.

Bitcointalk is not doing good these days. Trolls are allowed but cypher gets censored.

all this time we were worried about central control systems from outside but it turns out they are like cancer they grow from within.  

[bassclef]

Futures settlement party starts the right shoulder of an inverse head & shoulders reversal pattern. High volume buying on Stamp this week. Asks thinning out while bid sides firming up.

Get 'em if you want 'em; not much selling left to push the price down.

(imo)

This.

If you believe the price will go up, buy. If not, don't. Waiting for it to drop $2-3 when we're waiting for a pump is a bit strange to me.

But, by all means, feel free to come here and bitch about how you narrowly missed your buy in price when we're $30 up.

Better now than getting sucked into a big rally... but such is human nature.

This is the place to act: After the market been dramatically exhausted of its buying or selling power, after everyone has hysterically rushed to the exits all at once, after large amounts of supply have been offloaded to the public or absorbed cheaply by large interests, after the market is left stripped dry and teetering on the precipice, vulnerable to the slightest action in the opposite direction.

These places offer the greatest opportunity.

(imo)

[Adrian-x]

The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

please just go there.  

says the guy who attackers new bitcoin users - it's like you want to stop the bitcoin user base from growing ;-)  oh btw I'm sure your arrogant and ignorant personality is welcome over there. you may want to get a username early so you can earn a hero tag early.

[bad trader]

This is the place to act: After the market been dramatically exhausted of its buying or selling power, after everyone has hysterically rushed to the exits all at once, after large amounts of supply have been offloaded to the public or absorbed cheaply by large interests, after the market is left stripped dry and teetering on the precipice, vulnerable to the slightest action in the opposite direction.

Yes, and the manipulator is piling up walls to make sure suckers will buy.

[bassclef]

This is the place to act: After the market been dramatically exhausted of its buying or selling power, after everyone has hysterically rushed to the exits all at once, after large amounts of supply have been offloaded to the public or absorbed cheaply by large interests, after the market is left stripped dry and teetering on the precipice, vulnerable to the slightest action in the opposite direction.

Yes, and the manipulator is piling up walls to make sure suckers will buy.

Which is why you buy with them, before everyone realizes that Bitcoin isn't dead after all

[billyjoeallen]

Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.  

BFX has problems but so do all other exchanges.

both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.

not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.

Not being able to withdraw is a huge problem, but this we've been told is due to data corruption and a changing of their bank.  There is no indication (yet) that this is a Gox-like solvency issue.  It's a reason for concern, not a reason to panic.

Nobody should be keeping the majority of their bitcoins an ANY exchange. If you don't control the private keys, you don't own bitcoin (just bitcoin I.O.U.s).

[abercrombie]

are we rich yet??   

[Zarathustra]

The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

Only 43 newbies over there and not a single hero!

Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?

Yeah, such a shame. That was about the only thread i actually read together with Masterluc's en Klee's thread.

Bitcointalk is not doing good these days. Trolls are allowed but cypher gets censored.

all this time we were worried about central control systems from outside but it turns out they are like cancer they grow from within.  

Yes, unbelievable but true.

[billyjoeallen]

It looks more and more like the manipulator may want to push this up from here.

You don't need to think this is a single market maker to see it is just a low volume melt-up. 

[adamstgBit]

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html



is bitcoin undervalued at 226???

DUH!

[ImI]

ccmf

[billyjoeallen]

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html



is bitcoin undervalued at 226???

DUH!

Adam, how the hell are we gonna take over 25% of global remittances and 9% of e-commerce at 7 transactions per second?

[Peter R]

 The problem is that our usual discussion thread for this type of thing (Gold Collapsing. Bitcoin UP) was locked by the Forum Administrators.  Furthermore, my submissions to /r/bitcoin are all censored now.  Since I've lost my two favourite outlets, my Bitcoin addiction is leaking into nearby threads...

http://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/

Only 43 newbies over there and not a single hero!

Why did they close down the old thread in the first place? It used to be a nice place to collect info. Anyone knows specifics?

I posted a thread in Meta to find out.  It sounds like the Administrators added a new rule forbidding threads that are broad in scope.  Here's what BadBear said:

https://bitcointalk.org/index.php?topic=1157185.msg12199651#msg12199651

After sitting with this for a while, I don't believe the Administrators.  Cypherdoc's thread was highly visible across the Bitcoin community and he promoted bigger blocks and questioned the motivations of Blockstream.  I think the new rule was added specifically to silence him. 

Have there been any other popular threads locked because they were too broad in scope?  Is not the Wall Observer equally (or more) broad in scope?

[adamstgBit]

http://worldbitcoinnetwork.com/BitcoinPriceModel-Alpha.html



is bitcoin undervalued at 226???

DUH!

Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?

BIP100 then BIP200 and then...



or maybe sidechains will help wtv man 25% of global remittances  is baked in the cake 32,000$ is coming.

[ChartBuddy]

Coin
Explanation

[aztecminer]

Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.  

BFX has problems but so do all other exchanges.

both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.

not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.

Not being able to withdraw is a huge problem, but this we've been told is due to data corruption and a changing of their bank.  There is no indication (yet) that this is a Gox-like solvency issue.  It's a reason for concern, not a reason to panic.

Nobody should be keeping the majority of their bitcoins an ANY exchange. If you don't control the private keys, you don't own bitcoin (just bitcoin I.O.U.s).

i would have already bailed. i'm on coinbase exchange because they are based in the usa and they have good reputation and are market leaders.. at least that is my impression of them atm.. while my impression of bitfinex is an exchange based in hong kong that has fishey stuff going on and might collapse the next time margins are called.... i'm not doing any margin trading because is too risky imo.. i already feel like it is me against the music while trading bitcoin so i am not going to give anyone even more advantages over me.... i'm sure your trader sense will let you know when to pull out of bitfinex if it is going to collapse right billyjoe ?? i do like btc-e exchange though. i don't trade on there all the time though... and bitstamp is now the ONLY bitcoin ----> ripple gateway for usa residents atm .

[billyjoeallen]

Adam, how the hell are we gonna take over 25% of global remittances at 7 transactions per second?

BIP100 then BIP200 and then...

or maybe sidechains will help wtv man 25% of global remittances  is baked in the cake 32,000$ is coming.

Baked in? When and if the code the majority of the network runs is scalable, THEN I'll believe bitcoin is undervalued. 

BIP100 is the LEAST scalable of proposed upgrades and even it is a looooong way from implementation.

[billyjoeallen]

Can't you see what these assholes are doing? They want to scare everyone off of BFX because those $25 M in margin longs will all have to close at some point. BY opposing block size increase, they are keeping almost any new investment from VCs because a Bitcoin that doesn't scale is a bitcoin that can't disrupt. So when the market slumps, it will flash-crash on BFX and they will be the only ones on BFX scooping up BTC for pennies on the dollar.  

BFX has problems but so do all other exchanges.

both bulls and bears are taking down leverage. We're seeing a slump because miners don't run the show. The market does and the market ain't buying your shitty BIP100.

not being able to withdraw is a serious problem imo. if didn't have technical problems then wouldnt have technical glitches that cause trading and withdrawals to stop. this is why bitfinex is working very hard to fix all their technical problems. it's like if your bitcoins are secure then they cant be hacked and stolen. it will be pointless to scoop up cheap coins if you cannot withdraw them. i think your theory is bunk . it not like "those assholes" are stopping trading and withdrawals on BFX in some kind of scheme. those problems seem extreme. that is why people are closing their longs and shorts leaving BFX.

Not being able to withdraw is a huge problem, but this we've been told is due to data corruption and a changing of their bank.  There is no indication (yet) that this is a Gox-like solvency issue.  It's a reason for concern, not a reason to panic.

Nobody should be keeping the majority of their bitcoins an ANY exchange. If you don't control the private keys, you don't own bitcoin (just bitcoin I.O.U.s).

i would have already bailed. i'm on coinbase exchange because they are based in the usa and they have good reputation and are market leaders.. at least that is my impression of them atm.. while my impression of bitfinex is an exchange based in hong kong that has fishey stuff going on and might collapse the next time margins are called.... i'm not doing any margin trading because is too risky imo.. i already feel like it is me against the music while trading bitcoin so i am not going to give anyone even more advantages over me.... i'm sure your trader sense will let you know when to pull out of bitfinex if it is going to collapse right billyjoe ?? i do like btc-e exchange though. i don't trade on there all the time though... and bitstamp is now the ONLY bitcoin ----> ripple gateway for usa residents atm .

It wasn't trader sense that told me to get out of Gox just before the door slammed shut. It was the price differential between EmptyGox and the other exchanges.  The MARKET told me to bail. The Market is not spooked by BFX blunders (yet). The Market is spooked by incompetence of a much more profound kind: Core devs decision-making process is FUBAR.  They want centralized control to guard against centralization.