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

[STT]

Organic growth would not fall so quick, a forest does not rise and fell in one day or even a week even if forced.   Thats the problem that bitcoin is new and mostly a velocity driven economy so maybe it is all dump and pump in majority

My rough take on the poll question is that there is a range from 220 to 290 in recent history at least with 278 being a previous sharp low.  (previous lows tend to mark future highs if breached)  Its more normal to stay within a range till volume or some element of demand forces a new paradigm

[tarmi]

nooooo

[ChartBuddy]

Coin
Explanation

[Meuh6879]

You and all the rest of the bulls.
Can't keep a pump going without any money.
And yet, this pump.
USMS has money...                                                 Beginning to see the light?

[Meuh6879]

Pump like a chief ...

EURO

[dunchy]

Bitcoin is dominated by speculators and not underlined by enough genuine commerce could be one criticism.  Is that trend increasing or declining would be interesting to observe though, surely we have less speculators post gox then prior

10 mill views on this thread is kinda impressive  

And yet it is the most incredible piece of 13k pages of pure useless, uninformative, double-cross, hidden agenda gibberish I've ever followed. Though I have to confess twice I made my strategy against the thread's sentiment at given time. Both times it was a good lucrative decision. So it is useful in a sense that, if you do exactly the opposite of what the current sentiment is, it pays off.

[yolalanda]

And yet it is the most incredible piece of 13k pages of pure useless, uninformative, double-cross, hidden agenda gibberish I've ever followed.

http://catchquotes.com/wp-content/uploads/2014/11/18-Clueless-quotes.gif

[Fatman3001]

It would be nice if it could stay above $260. I don't really need those retracements.

Anyhew, party party...



@dunchy

What do you mean "pure useless, uninformative, double-cross, hidden agenda gibberish"?

Maybe we're communicating on a higher level than you can fathom. I'm not saying it's likely, but it's a possibility you should consider.

[rebuilder]

Why is every rise a pump and every drop a dump? SMH

'Really really fast organic growth that comes out of nowhere and is likely to be followed by super strong price correction' takes longer to type?

So there's no difference between a speculative overshoot and an instance of planned price manipulation?

[YourMother]

[ChartBuddy]

Coin
Explanation

[OgNasty]

Appears to be a lot of short covering going on at the moment on bitfinex.

[tarmi]

au contraire. closed half mil of longs on some clueless bastards.

[yolalanda]

Why is every rise a pump and every drop a dump? SMH

'Really really fast organic growth that comes out of nowhere and is likely to be followed by super strong price correction' takes longer to type?

So there's no difference between a speculative overshoot and an instance of planned price manipulation?

A 'speculative overshoot' is the desired outcome of a 'pump,' which is a form of 'planned price manipulation.'
I'm not a mind reader, so can't differentiate between 'planned' & spontaneous mass hysteria/avalanche effect. From my perspective, the distinction is purely academic.
Is that what you were asking?

[billyjoeallen]

green candles seven out of the last eight days.
green candles seven out of the last eight weeks.
Upward momentum or overbought?
Time will tell.

One thing's for sure: I'm making a heluva lot more profit lending out my new fiat than my old BTC.  

[Pab]

Nice chart really nice chart up
I think people will stay 24/7 at comps whan btc will touch 300$

[BlindMayorBitcorn]

I read something about a vast Russian MMM ponzi currently operating in South Africa buying up Bitcoins. Any news?

Bobby Lee, CEO of Chinese exchange BTCC, told CoinDesk his platform has seen a significant volume increase, though he dismissed much of his competitors' volume as "artificial".

Those behind the volume, he said, are not traders but consumers sucked into a Russian ponzi scheme, MMM.

"We have posted warnings on our site and on our social media to warn users to be careful, but they have been coming to our exchange and buying out like crazy," he said, adding:

    "This time it's not speculative trading but based on them getting sucked into this ecosystem."

https://twitter.com/YourBTCC/status/654273706013798401?lang=en

[ChartBuddy]

Coin
Explanation

[OgNasty]

au contraire. closed half mil of longs on some clueless bastards.

I'm not going to say you're full of shit.  I'll just say the data would be strong evidence indicating you are.

[tarmi]

au contraire. closed half mil of longs on some clueless bastards.

I'm not going to say you're full of shit.  I'll just say the data would be strong evidence indicating you are.

this data?




does this make you full of shit?