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

[SnokkomBTC]

Sitarow, what do you think for the next 24 hours?

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[sartech]

ask Pharrell Williams - Happy 24 H 

[adamstgBit]

Sitarow, what do you think for the next 24 hours?

yes, Sitarow, wouldn't you say the next 24 hours are critical? 

[Adrian-x]

Lol you guys all sold or something ?

China is showing no signs of slowing down, this isnt over soon.

It appears that way... bulls turning to bears and talking down in hopes of buying in at lower prices. That's how tarmi's and kwukducks are created. Sure, we may have some dips here and there, but why would this end now? A day before the auction? Mid-week? Why not a weekend dump? The way I look at it, I have held this long, why sell now? I'm not thinking about selling until we're past the old ATH. This rise has been violent, but that 2 year down trend wasn't pretty either.  We're heading to a new ath by the halving, and I wouldn't be surprised if we tested the old one before 2016.

the auction is tomorrow?

its all making sense now.

I wonder if this guy: Marc Andreessen who just sold 15% of his stake in Facebook for $31.9 million may be playing the market - pushing up the price a little so he can make a successful bid before pumping bitcoin with a limited supply.

[spooderman]

the last two years were critical

[ynef]

Unless these people want the money to go out of China asap.  Buy in Chinese exchange, and sell it on a western exchange.  Would also explain the premium.  
Or Ponzi suckers buy at Chinese exchange, Ponzi operating basterds sell on BTC-e.

Thought of that too. As we've heard the Chinese are having trouble getting money out (source needed) so Bitcoin as a middle-man kind of makes sense in this case.

Can't go vertical 'till the masses start buying in en masse.
The masses can't buy in until they have large money available in a venue in which they can trade.
Masses wont have money in such a venue until the 'signup/KYC/AML' process runs its course.
Signup process takes 1-2 weeks after opening account.
Masses will not open account until FOMO.
Masses won't FOMO until news of rise is omnipresent.
News of rise will not be ubiquitous until ATH.
ATH not until..... next week?

Net: If we can sustain this rally until ATH, the real fireworks will happen 2-4 weeks after that.

Yeah - boom.

A logical explanation, but we are currently bouncing against a very strong resistance and even making lowers lows. The fundamentals are strong, but technical analysis is telling the opposite.

What to believe?

[adamstgBit]

Lol you guys all sold or something ?

China is showing no signs of slowing down, this isnt over soon.

It appears that way... bulls turning to bears and talking down in hopes of buying in at lower prices. That's how tarmi's and kwukducks are created. Sure, we may have some dips here and there, but why would this end now? A day before the auction? Mid-week? Why not a weekend dump? The way I look at it, I have held this long, why sell now? I'm not thinking about selling until we're past the old ATH. This rise has been violent, but that 2 year down trend wasn't pretty either.  We're heading to a new ath by the halving, and I wouldn't be surprised if we tested the old one before 2016.

the auction is tomorrow?

its all making sense now.

I wonder if this guy: Marc Andreessen who just sold 15% of his stake in Facebook for $31.9 million may be playing the market - pushing up the price a little so he can make a successful bid before pumping bitcoin with a limited supply.

Marc Andreessen holding 31.9Million in fiat?

its making even more sense now.

fuck man you guys are in the know!

[Sitarow]

[SnokkomBTC]

Lol you guys all sold or something ?

China is showing no signs of slowing down, this isnt over soon.

It appears that way... bulls turning to bears and talking down in hopes of buying in at lower prices. That's how tarmi's and kwukducks are created. Sure, we may have some dips here and there, but why would this end now? A day before the auction? Mid-week? Why not a weekend dump? The way I look at it, I have held this long, why sell now? I'm not thinking about selling until we're past the old ATH. This rise has been violent, but that 2 year down trend wasn't pretty either.  We're heading to a new ath by the halving, and I wouldn't be surprised if we tested the old one before 2016.

the auction is tomorrow?

its all making sense now.

I wonder if this guy: Marc Andreessen who just sold 15% of his stake in Facebook for $31.9 million may be playing the market - pushing up the price a little so he can make a successful bid before pumping bitcoin with a limited supply.

Maybe it's Goldman Sachs

[oda.krell]

I decline to analze this. The multi year Great 3 has been started.

Masterluc has given up his analysis. In his eyes the third Elliot wave has kicked off. This ends somewhere around the 100k mark.  I sneakily hope he decides he's a bit wrong so he'll come back and share more.

Luc is a great asset to this place, but also a bit of a trickster I think. Not the first time he closed a thread (or account), then returned in a new form at a critical moment. I think he likes to maximize impact

[TReano]

Just as a reminder how small Bitcoin still is:

Candy Crush was sold for 5.9 Billion $.

Bitcoin after the pump to 470$ is at 6.9 B $ currently....

[marcus_of_augustus]

Lol you guys all sold or something ?

China is showing no signs of slowing down, this isnt over soon.

It appears that way... bulls turning to bears and talking down in hopes of buying in at lower prices. That's how tarmi's and kwukducks are created. Sure, we may have some dips here and there, but why would this end now? A day before the auction? Mid-week? Why not a weekend dump? The way I look at it, I have held this long, why sell now? I'm not thinking about selling until we're past the old ATH. This rise has been violent, but that 2 year down trend wasn't pretty either.  We're heading to a new ath by the halving, and I wouldn't be surprised if we tested the old one before 2016.

the auction is tomorrow?

its all making sense now.

I wonder if this guy: Marc Andreessen who just sold 15% of his stake in Facebook for $31.9 million may be playing the market - pushing up the price a little so he can make a successful bid before pumping bitcoin with a limited supply.

Marc Andreessen holding 31.9Million in fiat?

its making even more sense now.

fuck man you guys are in the know!

this lines up with VCs Andresen Horowitz known to be pushing behind the scenes for big blocks (Hearn is on their payroll and they are anchor investor for Coinbases financial data-mining operation) ... pump the price to put some 'real' transactional pressure on, pump it up for big blocks by pushing Gavin and Hearn to put out 'timely articles, and rally the usual paid shills on the forums (hi guise ) ... making money and changing the world (in their image)

[vvv8]

Just as a reminder how small Bitcoin still is:

Candy Crush was sold for 5.9 Billion $.

Bitcoin after the pump to 470$ is at 6.9 B $ currently....

Blows my mind, WOW

i'm a noob trader, but happy to be a part of this!!

[JorgeStolfi]

bitcoin offers unalienable security.

1/2 hexahash decentralized P2P network remember?

Bitcoin is like a bank vault with mile-thick steel walls, that gets opened and swept by the janitor every night, after everybody left. 

The security of a system is not defined by the strongest component alone.  You must consider the whole system, and often it is the weakest part that dominates.

There are many potential security failure modes in the bitcoin system.  The distributed mining network and PoW blockchain only guard against a few of them. On the other hand, many corrective measures that are available in the traditional systems (not by accident, but because they were found to be necessary) are absent in bitcoin.

Bitcoin so far has been adopted as a currency only by criminals and scammers.  Adoption for legitimate commerce is tiny, and largely to limited to users who want to push bitcoin for other reasons than its qualities as a payment method.  Actual use of bitcoin, in practice, still requires trusting third parties -- like Blockstream, Coinbase, Bitstamp, SatoshiLabs, etc..

(BTW, 10¹⁵ is "exa-", not "hexa-".)

[ChartBuddy]

Coin

Explanation

[adamstgBit]

see what you did Jorge, now <460, hope you're happy with yourself

[Frost]

Prepare for the ride, China wakes up soon 

[adamstgBit]

Trade ALL the bitcoins!

[SnokkomBTC]

Prepare for the ride, China wakes up soon 

Which ride? Up or down?

[AmazonStuff]

Triangle broken downward