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

[jaberwock]

WOW $20 gap between huobi and other chinese and the western exchanges

any idea why and how long it will take to correct?

[aminorex]

One of the more recent posts from Tarmi was that he claimed to have been, "shorting like a mo fo"

haaaaaaahaaaaaaahaaaaaaahaaaaaaahaaaaaaahaaaaaaa

DUMMB!!!!   

He's playing the odds as he sees them.  I will probably do likewise soon-ish, but risking only the gains made on the bull side on the run up so far.

[cafucafucafu]

sweet mother of Abraham Huobi 344.25/2188

Who was the mother of Abraham?

[shmadz]

hit $340 in chian money

entering full retard euphoria candle zone

In case anyone still cares to hear such news, my monkey currently thinks the most likely turn in this extension is 2 days hence.  That would put it at 340 USD coinbase, give or take.

Much appreciated as always.

Does monkey still have an opinion on Monero?

[ssmc2]

Didn't China top out way above the US exchanges during the July run-up?

[dothebeats]

This is starting to look extremely fake in my opinion those Chinese exchanges are ridiculous.

Lol are you short?
Was the gox bubble fake to?

It's virtual money dude, everything's fake  

Seriously though, I was hopping for a repeat of the massive dump we took after the last time we broke 300 --- "as low as possible for as long as possible" after all...



If we don't collapse soon, I fear the accumulation phase might be over...

I also fear that this is going to end pretty soon. If there aren't enough coins to be bought at China, I expect a massive dump back to $200 levels. Anyhow, I wouldn't be taking profits anytime sooner.

[JorgeStolfi]

This is starting to look extremely fake in my opinion those Chinese exchanges are ridiculous.

I still find that the MMM ponzi (and copycats) is the most plausible explanation for the rise of the past few days.

But this current sprint seems to be too fast to be due to MMM alone.  

Perhaps some Chinese know something (true or false) that the rest of the world doesn't know yet.

It does not seem to be a repeat of the Jun-Aug Greek bubble -- that is, Westerners buying on the mistaken belief that the Chinese will rush to bitcoin as a hedge against some Chinese crisis.  The Chinese exchanges are leading this time.

But it may be simply a speculative frenzy: people buying like crazy just because they see the price shooting up, without knowing why, or caring to.

[brg444]

One of the more recent posts from Tarmi was that he claimed to have been, "shorting like a mo fo"

haaaaaaahaaaaaaahaaaaaaahaaaaaaahaaaaaaahaaaaaaa

DUMMB!!!!   

He's playing the odds as he sees them.  I will probably do likewise soon-ish, but risking only the gains made on the bull side on the run up so far.

Unless the chinese do it themselves I don't see who'd dare go against their momentum right now.

[peonminer]

China went crazy! 2200 Yuan?!! Dafuq just I saw?!

[ImI]

tbh it wouldn't be the worst spot to short right now

[Morecoin Freeman]

Didn't China top out way above the US exchanges during the July run-up?

Yes they did: 2222 CNY (Huobi) and 316 USD (Bitfinex).

[Room101]

Ok this shit is getting crazy

[chennan]

This is starting to look extremely fake in my opinion those Chinese exchanges are ridiculous.

I still find that the MMM ponzi (and copycats) is the most plausible explanation for the rise of the past few days.

But this current sprint seems to be too fast to be due to MMM alone. 

Perhaps some Chinese know something (true or false) that the rest of the world doesn't know yet.

It does not seem to be a repeat of the Jun-Aug Greek bubble -- that is, Westerners buying on the mistaken belief that the Chinese will rush to bitcoin as a hedge against some Chinese crisis.  The Chinese exchanges are leading this time.

But it may be simply a speculative frenzy: people buying like crazy just because they see the price shooting up, without knowing why, or caring to.

I don't really know... but honestly I can see this as being some kind of "arms race" to collect the most bitcoins before the halving occurs next year.  Maybe this is the true reason that many people are buying in like crazy, or what you said, not trying to miss the train.

[noobtrader]

Gemini chart see 9999 usd if 65 btc was bought...  

[aminorex]

sweet mother of Abraham Huobi 344.25/2188

Who was the mother of Abraham?

Biblically, Mrs. Terah.

[Room101]

Maybe whoever stole all the gox coins has finally finished selling them all.

[shmadz]

This is starting to look extremely fake in my opinion those Chinese exchanges are ridiculous.

I still find that the MMM ponzi (and copycats) is the most plausible explanation for the rise of the past few days.

But this current sprint seems to be too fast to be due to MMM alone.  

Perhaps some Chinese know something (true or false) that the rest of the world doesn't know yet.

It does not seem to be a repeat of the Jun-Aug Greek bubble -- that is, Westerners buying on the mistaken belief that the Chinese will rush to bitcoin as a hedge against some Chinese crisis.  The Chinese exchanges are leading this time.

But it may be simply a speculative frenzy: people buying like crazy just because they see the price shooting up, without knowing why, or caring to.

So.... You have no idea what is happening or why, yet you feel compelled to share some of your unfounded guesses?

I liked your content better when you were sharing the results for your thesis on the Chinese slumber cycle. At least that had some data behind it.

Come on, professor! Step your game up!

[wpalczynski]

REMEMBER, REMEMBER THE MOON IN NOVEMBER!!

[brg444]

This is starting to look extremely fake in my opinion those Chinese exchanges are ridiculous.

I still find that the MMM ponzi (and copycats) is the most plausible explanation for the rise of the past few days.  The other theories that have been aired do not seem more

But this current sprint seems to be too fast to be due to MMM alone.  

Perhaps some Chinese know something (true or false) that the rest of the world doesn't know yet.

It does not seem to be a repeat of the Jun-Aug Greek bubble -- that is, Westerners buying on the mistaken belief that the Chinese will rush to bitcoin as a hedge against some Chinese crisis.  The Chinese exchanges are leading this time.

But it may be simply a speculative frenzy: people buying like crazy just because they see the price shooting up, without knowing why, or caring to.

That is exactly right and is why you should stop entertaining the ponzi red herring.

If true that users of MMM ponzi buy bitcoins to participate in the scheme surely they are not asked to speculate and drive the price up with large buying spurts.

Something else is driving this market in China.

[BTCtrader71]

I think all of us bulls should take this opportunity to short the market. All together. They'll never see it coming. Midnight EST. Who's with me???

I'm sure we could knock it down 10% in half an hour. Take profit and then go long again.