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

[xyzzy099]

No one who wants to use Bitcoin is sitting on the sidelines saying "Oh, I'd like to buy this with bitcoin, but darn...  Their blocks are just too darned small!".

uhrm...

ever heard of the fidelity problem?

Yeah, I have...  You realize that is just a term he made up for this presentation of some of his ideas, right?  It's not like a recognized Law of Economics or something.

In real life, if you produce a product that people want, they will run over you to get it, and they don't give a damn what your theoretical production limits are..  They will use all your capacity and demand more.

[koryu]

[Richy_T]

I kinda miss the epic wall fights though.

Maybe those are yet to come.

[rjclarke2000]

The funny thing about this is that this IS NOTHING to how high it'll be in the years to come.

[rjclarke2000]

Finding this funnier than I probably should

[Hyperjacked]

At what price will the finex 5k short get margin called?  Was sold at $320.

I don't think you can find that out - unless you're that guy or a Bitfinex employee.

The short is jacked and has btc to burn! That is going to make this rise epic imO !

Would you say it was Hyper-jacked, though?

not even close...

HyperJacked is a duel meaning...the urban dictionary one is when the shorts get pulled through hyperspace and lose all there btc  

[ImI]

looks like panicbuying to me, usually the (shortterm) end of a bullrun

[criptix]

looks like panicbuying to me, usually the (shortterm) end of a bullrun

would be funny if this is just the test pump

(what i believe it is - still accumulation)

[600watt]

the auction bidders are starting to sweat now.

must be hard to bid into rampant bitcoin, especially in november.

edit:typo

[hd060053]

walls on bitfinex from 500 to 700 in 50 steps appearing. manipulator thinks it goes that high 

[Dilla]

looks like panicbuying to me, usually the (shortterm) end of a bullrun

would be funny if this is just the test pump

What if $1160 was the test pump.

[criptix]

the auction bidders are starting to sweat now.

must be hard to bid into rampant bitcoin, especially in a november.

i wonder, do we already have information about the bidders?

[gentlemand]

legendary times my friends. price hype but without the bad actors.

no gox, no willy, no gox,

and most importantly, no gox.

I think that's an important factoid. Much of the filth has been cleared away and the future ecosystem can only improve from here. We're still afflicted with Chinese weirdness but I guess that'll always be with us.

[Hyperjacked]

looks like panicbuying to me, usually the (shortterm) end of a bullrun

Maybe Sir...but China will rise and panic will set in! Plus no huge walls in the way and momentum will build steam as the night goes on IMHO!

[^BuTcH^]

legendary times my friends. price hype but without the bad actors.

no gox, no willy, no gox,

and most importantly, no gox.

MMM ponzi is the only bad actor maybe

[peonminer]

HODLL!!!!!!!!!!!'!1#1#1###!!!!!!!

[ChartBuddy]

Coin

Explanation

[Hyperjacked]

legendary times my friends. price hype but without the bad actors.

no gox, no willy, no gox,

and most importantly, no gox.

MMM ponzi is the only bad actor maybe

Do you mean Blythe Masters and the Silver shorts turned BTC traders or Comex ...Maybe...

BTC is not paper Sir! Wake up man! welcome to your grandsons economy ...

[celes8]

1) we spent the entire weekend wondering how long the $30+ spreads could continue

--> we got our answer: We had to wait until Monday for USD to clear on the US side and massive amounts of technical buying ensued

2) we still wait to see if there is a short squeeze

--> obviously there is a ton of covering going on, but until people see shorts shaved down by 30-50% I dont believe the top will be in

3) Chinese buyers/traders will be ecstatic when they wake up this morning

--> US closed the spread, and they will use it as a signal that more technical buying can ensue. More fomo & bulls will march forward because of the fact that we closed the spread for them.


my conclusion: the top isnt in until the shorts clear out.

[!! pop]

The horror!
All the sweeter when Justice finally [and inevitably] triumphs, and y'all are rounded up and locked up in for-profit prisons for life, where you belong

https://itwam.files.wordpress.com/2013/03/tumblr_lxlrulvfjc1qixaveo1_500.png?w=580