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

[ssmc2]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

[billyjoeallen]

The unknown amount of buying that is due to Chinese evading capital controls may lead to a similar amount of dumping on the other side. The question is whether or not bitcoin is a vehicle for value transfer  for them or a store of value.

[jaberwock]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

[BlindMayorBitcorn]

^Like shooting fish in a barrel

[Fakhoury]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

[ssmc2]

BTW, where did all the ETH shills go? Oh, that's right, they're too busy getting dumped on.

[wpalczynski]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

Shorters are getting pretty desperate and creative.  They will do anything not to get their throat slit. 

[betterangels]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

Shorters are getting pretty desperate and creative.  They will do anything not to get their throat slit.  

i laughed when i saw it (again),
I'm just joking, don't get mad guys

[wpalczynski]

Shorters be like:

[phoenix1]

Coin

Explanation

What?

I see 315 in Bitcoin Average right now but the price in your pictures are around 285

Are you sure you are right?

I just came to post the same thing.

I've logged to Bitcoin Wisdom and Preev to check this and it was around $315 but not $285 or $300 even !!

What is wrong CB ?

Edit : This is not ChartBuddy, the user "betterangels" is either joking or trolling, and whatever the reason is, I don't see it funny (no offense).

Shorters are getting pretty desperate and creative.  They will do anything not to get their throat slit.  

i laughed when i saw it (again),
I'm just joking, don't get mad guys

I LOL'd pretty hard! Nice one! Haha

[ChartBuddy]

Coin

Explanation

[nioc]

Coin

Explanation

I see stamp at ~311   

[aztecminer]

Now the US is depicting the trends . . . With China lagging behind in false hope.



For all those whining the US doesn't show trend strength like China.

[wutizurkwest]

dis gon b a very minor correction.  The next one will be in the $400s.

[ChartBuddy]

Coin

Explanation

[lolikop]

Coin

Explanation

Can anyone tell me why stamp is lagging

[billyjoeallen]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges   As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

[BTCtrader71]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges  As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

Then the question becomes what the implied USD/CNY exchange rate on the btc exchanges is in a calm and boring sideways btc market as opposed to what we have seen over the past few days.

[wutizurkwest]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges   As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

I think you were right before, the coins are leaving China.  That's creating a demand/supply ratio that's higher on the Chinese exchanges than on western exchanges.  On top of that arbitration is not frictionless, if it were the prices would equalize right away.  We know converting from BTC to USD and Euros carries little cost, and moving BTC is virtually costless.  The hard part is getting CNY outside of China, their government has barriers against that.

[wutizurkwest]

China's like "Uh we're doing a bull pennant here guys, not this dumping crap"

32$ spread... They are going to the moon with our without western exchanges   As we know, on the end western exchanges will follow. The only question here is how many people will get burned.

Has it occurred to anybody that the implied USD/CNY exchange rate on the Chinese exchanges may be the real rate and the official exchange rate at the forex market is the one being rigged?

I think you were right before, the coins are leaving China.  That's creating a demand/supply ratio that's higher on the Chinese exchanges than on western exchanges.  On top of that arbitration is not frictionless, if it were the prices would equalize right away.  We know converting from BTC to USD and Euros carries little cost, and moving BTC is virtually costless.  The hard part is getting CNY outside of China, their government has barriers against that.

Oh and before anyone points out that the CEOs of the 3 biggest Chinese exchanges all said this is new user adoption, what would you say if you were them?  Certainly not the truth.  Their government has a tendency to jail the owners of companies that do/permit/enable things they don't like.