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

[BlindMayorBitcorn]

Not sure if it was the best time to buy but I purchased some more bitcoin at $520 CAD.  COME ON BITCOIN, FLY FLY FLY!

I imagine people who really have to use BTC (for *ahem* business reasons) are just hoping it doesn't come crashing down over-night. Stability seemed so much more legit.

Right. So, if you happened to need to use Bitcoin today, you got stoned for it. And not in the way you expected. How do the darknet markets thrive with this kind of volitility?

And another question: how does the Bitpay business model account for swings like this? If I buy a gew-gaw from Nick's Knacks at 480 and a minute later we're at 400, somehow Bitpay swallows the loss?

You could have a bot that sells short the amount of the sale, hedging yourself. I somehow doubt bitpay's doing this tho.

Maybe if/when the exchange landscape becomes more legit/secure. (and if bitpay is still in business when that happens)

I guess they try to make/they'd need to make transition to fiats as quickly as possible, so straight to the exchange. Is that how it works now?

I think I read they do some bulk OTC sales of coin, but yes, I'd imagine a good number go right to the exchange.

i think i heard MOST of there sales are bulk, and rarely do they hit the exchanges
i guess in times like these, they have there bot programed to sell on market right away, but most of the time they are accumulating on behalf of a client buyer

I see. Incidentally then, if you needed a million dollars in bitcoins right away, you probably wouldn't need to market buy all the way up; OTC sales is probably used for that even now.

[peonminer]

For the first time since I've joined this forum the next 24 hours are indeed critical, yet I see no mention of it.

You want fucking epic?

 You CAN'T HANDLE FUCKING EPIC. https://youtu.be/_b7bgtu2O4E

The inches we need are EVERYWHERE around us.


Either we heal now, as a team . . .


Or we will die, as individuals.

[arklan]

weeee! let's ride this coaster!

[adamstgBit]

Inspirational Buy All the Bitcoins Speech


We're in hell boys, believe me. Now, we can be greedy and fearful and cash in our bitcoins for fiat, pay our taxes and participate in the up and coming bail-ins.... OR, we can fight our way back,  we can buy our way into the light,  we can climb out'a hell. I look around and i see newbies everywhere, and i think... I mean... i've made every wrong choice a bitcoiner can make, I fell in every single bears trap in the 20's, I pay 50BTC for mining contracts at 90$. and lately I feel like selling everything.... Newbies talk of bearishness and china being an issue, which reminds me what's at stake here, what we've been fighting for this whole time. and what the bitcoin market really is. the bitcoin market is a promise of freedom and fairness for all.  We are a team poeple, fighting for honest money and freedom from the banksters. Either we heal now as a team, or we will die as individuals. We can get screwed by the system one by one, or, we can unite and screw the system AS A TEAM. On this team, we fight for the bitcoins, On this team we tear ourselves to pieces for the bitcoins! BECAUSE WE KNOW, when we add up all those bitcoins thats gonna make the fuck'n difference, between winning and losing, between getting screwed and screwing them. I'll tell you this, in any fight its the guy that's willing to die thats gonna win, and i know if i'm gonna have any life anymore its because i'm still willing to fight and die for the dream, because that's what living is! The dollars we need are everywhere around us, Now I can't make you do it, you have to look at the guy next to you, look at his avatar, I think you'll see a guy who will fight for the bitcoin dream, because when it comes down to it, he needs it as badly as you do.

Now.... what are you gonna do?!

* inspired by http://www.youtube.com/watch?v=oSDhhZtRwFU *

[shane]

Goodnight Traders!See you when my alarm goes off! Cheers!

at my place now is moorning
say Good moorning to all bitcoin Traders

now 09.42 AM
(GMT +07.00)

[Cconvert2G36]

Inspirational Buy All the Bitcoins Speech


We're in hell boys, believe me. Now, we can be greedy and fearful and cash in our bitcoins for fiat, pay our taxes and participate in the up and coming bail-ins.... OR, we can fight our way back,  we can buy our way into the light,  we can climb out'a hell. I look around and i see newbies everywhere, and i think... I mean... i've made every wrong choice a bitcoiner can make, I fell in every single bears trap in the 20's, I pay 50BTC for mining contracts at 90$. and lately I feel like selling everything.... Newbies talk of bearishness and china being an issue, which reminds me what's at stake here, what we've been fighting for this whole time. and what the bitcoin market really is. the bitcoin market is a promise of freedom and fairness for all.  We are a team poeple, fighting for honest money and freedom from the banksters. Either we heal now as a team, or we will die as individuals. We can get screwed by the system one by one, or, we can unite and screw the system AS A TEAM. On this team, we fight for the bitcoins, On this team we tear ourselves to pieces for the bitcoins! BECAUSE WE KNOW, when we add up all those bitcoins thats gonna make the fuck'n difference, between winning and losing, between getting screwed and screwing them. I'll tell you this, in any fight its the guy that's willing to die thats gonna win, and i know if i'm gonna have any life anymore its because i'm still willing to fight and die for the dream, because that's what living is! The dollars we need are everywhere around us, Now I can't make you do it, you have to look at the guy next to you, look at his avatar, I think you'll see a guy who will fight for the bitcoin dream, because when it comes down to it, he needs it as badly as you do.

Now.... what are you gonna do?!

* inspired by http://www.youtube.com/watch?v=oSDhhZtRwFU *

Just a year early. 

[adamstgBit]

i want everyone to look here http://bitcoinity.org/markets/okcoin/CNY

you see that 700BTC wall to 3000, imagine it coming down, imagine it being torn apart 1-50 bitcoin at a time.

CONCENTRATE!

[BlindMayorBitcorn]

i want everyone to look here http://bitcoinity.org/markets/okcoin/CNY

you see that 700BTC wall to 3000, imagine it coming down, imagine it being torn apart 1-50 bitcoin at a time.

CONCENTRATE!

[shane]

i want everyone to look here http://bitcoinity.org/markets/okcoin/CNY

you see that 700BTC wall to 3000, imagine it coming down, imagine it being torn apart 1-50 bitcoin at a time.

CONCENTRATE!

huobi current rate Huobi $474.32/3009.39CNY
we will up again maybe $600 at this day 

[wutizurkwest]

i want everyone to look here http://bitcoinity.org/markets/okcoin/CNY

you see that 700BTC wall to 3000, imagine it coming down, imagine it being torn apart 1-50 bitcoin at a time.

CONCENTRATE!

Aaaaaaand it's gone.

[peonminer]

For the first time since I've joined this forum the next 24 hours are indeed critical, yet I see no mention of it.

You want fucking epic?

 You CAN'T HANDLE FUCKING EPIC. https://youtu.be/_b7bgtu2O4E

The inches we need are EVERYWHERE around us.


Either we heal now, as a team . . .


Or we will die, as individuals.

Inspirational Buy All the Bitcoins Speech


We're in hell boys, believe me. Now, we can be greedy and fearful and cash in our bitcoins for fiat, pay our taxes and participate in the up and coming bail-ins.... OR, we can fight our way back,  we can buy our way into the light,  we can climb out'a hell. I look around and i see newbies everywhere, and i think... I mean... i've made every wrong choice a bitcoiner can make, I fell in every single bears trap in the 20's, I pay 50BTC for mining contracts at 90$. and lately I feel like selling everything.... Newbies talk of bearishness and china being an issue, which reminds me what's at stake here, what we've been fighting for this whole time. and what the bitcoin market really is. the bitcoin market is a promise of freedom and fairness for all.  We are a team poeple, fighting for honest money and freedom from the banksters. Either we heal now as a team, or we will die as individuals. We can get screwed by the system one by one, or, we can unite and screw the system AS A TEAM. On this team, we fight for the bitcoins, On this team we tear ourselves to pieces for the bitcoins! BECAUSE WE KNOW, when we add up all those bitcoins thats gonna make the fuck'n difference, between winning and losing, between getting screwed and screwing them. I'll tell you this, in any fight its the guy that's willing to die thats gonna win, and i know if i'm gonna have any life anymore its because i'm still willing to fight and die for the dream, because that's what living is! The dollars we need are everywhere around us, Now I can't make you do it, you have to look at the guy next to you, look at his avatar, I think you'll see a guy who will fight for the bitcoin dream, because when it comes down to it, he needs it as badly as you do.

Now.... what are you gonna do?!

* inspired by http://www.youtube.com/watch?v=oSDhhZtRwFU *

Just a year early.  

Launch past $440 be like

[ChartBuddy]

Coin

Explanation

[Cconvert2G36]

lambie cam:

[Dotto]

I was thinking in low 300 after the dump and we are on 440 again. Bitcoin prices are so impredictable, it´s like a living organism...

[JimboToronto]

Cool. Got back from a nice dinner and I see China woke up and we're already more than halfway back from the panic dumps.

Meanwhile, the silly little bears were having their usual picnic of delusion. Sorry kids, picnic's over. It's time for the adults to get back to business.



"At 8 o'clock their mommies and daddies will send them straight to bed because they're foolish little teddy bears."

https://www.youtube.com/watch?v=dZANKFxrcKU

 

[wutizurkwest]

I was thinking in low 300 after the dump and we are on 440 again. Bitcoin prices are so impredictable, it´s like a living organism...

I was thinking just the opposite, we're going up at a steady, methodical pace again.  Mei Lei bot seems blissfully unaware of the price collapse just a few hours ago.  Her maker should give her an emotion function so she too can freak the [redacted] out.

[Alley]

That was a decent bear trap.

[montreal]

I was thinking in low 300 after the dump and we are on 440 again. Bitcoin prices are so impredictable, it´s like a living organism...

[medialab101]

I was thinking in low 300 after the dump and we are on 440 again. Bitcoin prices are so impredictable, it´s like a living organism...

Not that unpredictable... look back at the 2013 run-up. You can see the same kinds of orchestrated pullbacks.

[JimboToronto]