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

[Cconvert2G36]

$267.49 again. You gotta be fuckin kidding me. Bulls so scared of a 14 coin "wall"??

Filled, u happy now?

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[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

"South Africa" must include a many of the poorest and least educated people there.

Ah, bitcoin -- bringing First World financial ruin to the unbanked in the Third World...

May you all go broke, and burn in hell...

Hehe. Thanks for the cross-post, Professor.

https://www.reddit.com/r/Buttcoin/comments/3p2mot/butts_allegedly_being_used_by_sergei_mavrodis/

*Waves* Hi Butters!

[billyjoeallen]

$267.49 again. You gotta be fuckin kidding me. Bulls so scared of a 14 coin "wall"??

Filled, u happy now?

YES!! Next stop $270. Maybe I should quit using round numbers.

[chennan]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Well, I mean technically you can buy instant BTC with coinbase.. but you have to link your credit card to your account, incase if the payments don't go through from your bank account, it will just automatically charge your credit card... Visa and mastercards are only accepted.

But anyways, I've never really looked at purse.io ... I know I should, but I'm lazy. What kind of gift cards are you looking for?

It takes days to set up a coinbase account. they send you 2 microdeposits to your bank account and you have to tell them how much it is so they are sure it's the right account. it's ACH (in the USA) so it takes 3-4 business days.  I can buy instantly there up to a limit by linking a credit card to my VERIFIED account.

To answer your question, I buy gamestop gift cards that I use to buy shell gift cards that I use to buy gas.

I just thought of something. You can buy instantly if you are near a BTM.

http://www.coindesk.com/bitcoin-atm-map/

Any market in Dick's Sporting Goods gift cards?  I know this isn't the marketplace subforum, but I got tired of trying sell it on there. If you'd like to buy it, send me a PM.

And man I wish there was a Bitcoin ATM near my place... that would be so convenient, but next place I move too it will be sort of within driving distance... so good I guess for convenience, bad for me that I won't be moving there till about 4 or 5 more months and the bull spike will probably simmer down by then.

[billyjoeallen]

where can I buy instant BTC?

without a verified account, you're SOL.  Your only bet with banks closed is LocalBitcoins and be prepared to pay a hefty premium.  You can buy me a gift card on purse.io with a credit card, but again, you'll pay ~ 20-25% over spot.  You gotta plan ahead for these things.

Well, I mean technically you can buy instant BTC with coinbase.. but you have to link your credit card to your account, incase if the payments don't go through from your bank account, it will just automatically charge your credit card... Visa and mastercards are only accepted.

But anyways, I've never really looked at purse.io ... I know I should, but I'm lazy. What kind of gift cards are you looking for?

It takes days to set up a coinbase account. they send you 2 microdeposits to your bank account and you have to tell them how much it is so they are sure it's the right account. it's ACH (in the USA) so it takes 3-4 business days.  I can buy instantly there up to a limit by linking a credit card to my VERIFIED account.

To answer your question, I buy gamestop gift cards that I use to buy shell gift cards that I use to buy gas.

I just thought of something. You can buy instantly if you are near a BTM.

http://www.coindesk.com/bitcoin-atm-map/

Any market in Dick's Sporting Goods gift cards?  I know this isn't the marketplace subforum, but I got tired of trying sell it on there. If you'd like to buy it, send me a PM.

And man I wish there was a Bitcoin ATM near my place... that would be so convenient, but next place I move too it will be sort of within driving distance... so good I guess for convenience, bad for me that I won't be moving there till about 4 or 5 more months and the bull spike will probably simmer down by then.

Actually I think this pre-auction (US Marshals) rally is a bulltrap and  four or five months from now, either BIP100, BIP 101 or some other scaling solution will be implemented. Halving will be more immanent and it will be an excellent time to buy.

[chennan]

Actually I think this pre-auction (US Marshals) rally is a bulltrap and  four or five months from now, either BIP100, BIP 101 or some other scaling solution will be implemented. Halving will be more immanent and it will be an excellent time to buy.

Yeah, that could be possible... but for some reason, I just see that people is stocking up right now on relatively cheap coins that they would hold until the halving.  I just see this as a buy it now, or regret it later kind of thing; not necessarily a bull trap.  I can see my self having to put ~$500 in 4-5 months to get a full bitcoin, and when I move I'll be thinking back to this and wishing "damn I wish I was here 4-5 months ago".

[billyjoeallen]

Actually I think this pre-auction (US Marshals) rally is a bulltrap and  four or five months from now, either BIP100, BIP 101 or some other scaling solution will be implemented. Halving will be more immanent and it will be an excellent time to buy.

Yeah, that could be possible... but for some reason, I just see that people is stocking up right now on relatively cheap coins that they would hold until the halving.  I just see this as a buy it now, or regret it later kind of thing; not necessarily a bull trap.  I can see my self having to put ~$500 in 4-5 months to get a full bitcoin, and when I move I'll be thinking back to this and wishing "damn I wish I was here 4-5 months ago".

That's entirely possible.

[Cconvert2G36]

Refreshing to see the bitfinex order book look normal again.

[billyjoeallen]

Refreshing to see the bitfinex order book look normal again.

If you mean margin longs closing, then yeah. It's a good sign. 

$270!!

[ChartBuddy]

Coin

Explanation

[tarmi]

20 $ difference between china and bitstamp.

getting ridiculous.

[Hunyadi]

273 @finex.

[Cconvert2G36]

securing profits. also 266+ for shorting is a no brainer.

He's not wrong, you know, just a little early.

[billyjoeallen]

Willy is that you?  

Btw. How quick are actually deposits on Chinese exchanges? I believe it is also impossible to get money there during the weekends...

Yeah, the Saturday night discount is going to be enormous. It might go all the way down to $290 

[tarmi]

securing profits. also 266+ for shorting is a no brainer.

He's not wrong, you know, just a little early.

adding to my position as we speak. and will add all the way to 300 if we get there.

[Cconvert2G36]

nailed it, lol

edit: chiners say not yet, yeah no

[smracer]

Someone just blew their load on bfx.

[medialab101]

Someone just blew their load on bfx.

Price recovering pretty quickly though. Already filling in below.

[tarmi]

I think ltc will be dead after this.

[Cconvert2G36]

So $18 spread from hoo-oh-boy to bitfinex? Something is off here.