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

[bambou]

it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.

Bitcoin is not some securities.
You'd still be in full control of the ones you own.
21m cap and high network security is the deal, the rest is noise so just let the maniacs do what they always do.

didn't the SEC recently (and CFTC previously) both claim they had some jurisdiction over bitcoin trading in USA? Pretty sure a pump 'n dump is securities fraud.

But, yeah I agree it is a lot of noise in the big scheme ...  but still interesting to note how thoroughly corrupt and rotten Wall Street is and now they are here inside bitcoin with their usual scumbag criminality, just shows what total fraudulent joke BitLicense was.

Heh, to commodities regulators, bitcoin is a commodity, to bank regulators, it's a bank, to stock regulators, it's a stock.

Everyone wants "in". Obviously.

[inca]

Selloff the last 24 hours seems very exaggerated. Check the volume on finex - huge compared to even to the run up. Shorts ticked up to 16k.

If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).

Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.

[rjclarke2000]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

[LFC_Bitcoin]

Selloff the last 24 hours seems very exaggerated. Check the volume on finex - huge compared to even to the run up. Shorts ticked up to 16k.

If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).

Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.

Tens of thousands of coins, phwoar just imagine!

We have to hope that if/when mainstream adoption is achieved they won't be able to manipulate the market. They're able to now because in relative terms there still isn't enough people involved in bitcoin. Maybe if we have many, many more people using bitcoin whales may lose control?

[adamstgBit]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

absolutely nothing.

[rjclarke2000]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

absolutely nothing.

Interesting

[marcus_of_augustus]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

likely it means there are algorithms placing phantom orders at a faster rate than usual.

[adamstgBit]

oh 2 mins ago someone bought 229.68 BTC this means in 5 mins someone else will buy 500BTC

[rjclarke2000]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

likely it means there are algorithms placing phantom orders at a faster rate than usual.

Therefore a small pump then dump?

[adamstgBit]

[marcus_of_augustus]

bitcoin forwards, as a smart contract on the blockchain ... cute.

https://medium.com/@hedgy/decoding-the-dna-of-derivatives-82dcdf052607

[oda.krell]

In other words, one can absolutely conclude that the particular set up of likely knowledge gaps (probably rather high in here) and short-term prediction ability (not extremely high maybe, but improving) in this market is unfavorable for personal attempts at trading. That said, there are plenty of people who see the same parameters and conclude it is worth it.

During the pump and dump phases, any individual trader can participate with good chance of success and no information required other than price chart.

The problem is that obvious pump and dump phases happen once or twice a year at best. But average individual "trader" is super greedy and wants to daytrade, which usually erases all prior gains during the obvious pump and dumps.

And don't ask me how I know this lol

Spot on, I'd say.

[marcus_of_augustus]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

likely it means there are algorithms placing phantom orders at a faster rate than usual.

Therefore a small pump then dump?

non-trader huh?

[rjclarke2000]

stamps walls keep getting bigger and bigger and bigger

Not being a trader what does that mean?

likely it means there are algorithms placing phantom orders at a faster rate than usual.

Therefore a small pump then dump?

non-trader huh?

Never sold

[AmazonStuff]

I don't think that $300 will hold

[adamstgBit]

I don't think the 315 wall will hold

[AmazonStuff]

I don't think the 315 wall will hold

Damn Adam, now I don't know what to think

[riils]

I don't think that $300 will hold

It will stabilize where it was before the pump - 250 +/- 20. But it will probably overshoot and hit lower lows at first  (big dumpers, shorting frenzy & mass panic).

[LFC_Bitcoin]

Adam was being quite negative the other day, one might say bearish. He seems to have changed tact. I think the price got low enough & he bought back in, balls deep

Now he wants the price to go up, up, up.

Tell me, am I right?

[adamstgBit]

Adam was being quite negative the other day, one might say bearish. He seems to have changed tact. I think the price got low enough & he bought back in, balls deep

Now he wants the price to go up, up, up.

Tell me, am I right?

i'm ready for 2016