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

[adamstgBit]

Test of $310 incoming

Lots of support in China dunno we saw what they could do leading us up to 500

if we test 310 again it might just hold...

 

[peonminer]

We're rich now, right?



RIGHT?!!!!!

[podyx]

We're rich now, right?



RIGHT?!!!!!

https://www.youtube.com/watch?v=JI6QJcICB40

[JayJuanGee]

319 . oh look someone is "killing" bitcoin 

Is bitcoin price supposed to do that? Are we still rallying in a rally?

yes. yes.

Maybe there is a short-term question about whether the price is going to test $310 again or even go down to test $300...?

It appears to be heading up at the moment, on fairly decent volume levels---- but we see no major dumps recently, like 500 BTC or 1k dumps.

We cannot expect any answer from a whale, so speculate.....

In the next 8 hours, I give it about a 65% chance to go up to $329 and about a 25% chance to go down to $314...

my guess is we won't hit >315 without another really good piece of fud
most likely bearish news to come next would be EU's plan to "ban bitcoin" in some form or another.
but i think the meeting is over and they we're very vague as to their plan of action. http://www.trust.org/item/20151120152558-mdmbw
I think we're likely to see then arrest/fine a few high rolling localbitcoin traders operating without any AML/KYC. not much more...

Sometimes I wonder a little bit how the bear whales do it ... I mean dump coins and test whether there is an ability to move the price down because I am sure that they dump and dump and dump, and pretty soon, the dump gives, and viola, down we go... getting a 1 to 5% drop in price can be very valuable, and maybe not so difficult to achieve if the coins are dumped strategically and maybe can get some others to follow so the one whale doesn't have to do all the work (not that I buy into any one whale theories, even though sometimes one whale could possibly get the ball rolling).

if you have >100KBTC this is easy, just start grabbing as much liquidity as you can at wtv price range and pretty soon the market will drop, i guess best way is to start of slow, and when you unload enough slowly start dumping until market can't hold that price anymore...
even in a bull market with >100KBTC its not very hard. but who has 100,000coin??? and even if you did have 100K,  will you actually get to sell 50K at 500 no way! you won't get to sell 10K BTC to many poeple selling, same problem trying to buy back XX,000BTC... Selling to buy back lower is risky business  but for 2 years now this trick has paid off easily, no more, its bull market now, we're going to be in the 300's for a while, at one point we'll head up 500+ at which point bears will probably back off and we'll be at 800 in no time.

everyone always imagines there 1 invisible hand manipulating the market, but i don't buy it, bitcoin is kind of a big deal, there must be 100's of Big BTC and USD whales  and 100's of thousands of traders, and another 100's of  thousands of newbie / jr. bitcoienrs. adding up to ~1mill poeple. when this market moves its because 100,000's of people said "sell" that week, not because 1 guy sold shitloads of bitcoin.

now who has said sell this week and doesn't meant it?

I believe that if you can play off of some of the movements of others, then 10k coins may be sufficient to really direct in many regards - though of course having more BTC and approaching the 100k arena may come in handy for greater abilities to really dominate

[makeacake]

We're rich now, right?
RIGHT?!!!!!
http://lifelibertytech.com/wp-content/uploads/2015/07/charlie-brown.jpg

http://s28.postimg.org/p0mw4zad9/nice4.gif

[JayJuanGee]

...
There is a different dynamic for down versus up, and part of the reason for the different dynamics likely has to do with differing levels of ease to move BTC in comparison to moving fiat (and who may have access to mechanisms to move fiat quickly - surely, these days almost anyone has access to mechanisms to move BTC really quickly), which considerably changes the dynamics for each of two binary possible price directions.

The entities moving the market are not the entities who have problems with moving BTC/fiat onto exchanges quickly. There's little evidence that much money is actually moving in & out of exchanges. The fiat you sell (for BTC) is the fiat you buy (with BTC). It's simply a question of timing.

Well you may not have to really move very much fiat if you buy BTC in one location and sell BTC on an exchange (mostly thinking about Stamp).  And, really how do you know about money moving off and onto various exchanges, is there some public way of verifying such beyond attempting to infer such info from the order books and/or trade volume?

[anthonycamp]

well form what i read above it can move up or dwon lol this its a non answer what soo ever i dont need to read just see the signs that chrspmasts its going to put it more to the down

[needmoney]

I think bitcoin price will be between $330 - $350 in two weeks.
But maybe it will decrease at the last week of the December.

[ChartBuddy]

Coin



Explanation

[makeacake]

...
There is a different dynamic for down versus up, and part of the reason for the different dynamics likely has to do with differing levels of ease to move BTC in comparison to moving fiat (and who may have access to mechanisms to move fiat quickly - surely, these days almost anyone has access to mechanisms to move BTC really quickly), which considerably changes the dynamics for each of two binary possible price directions.

The entities moving the market are not the entities who have problems with moving BTC/fiat onto exchanges quickly. There's little evidence that much money is actually moving in & out of exchanges. The fiat you sell (for BTC) is the fiat you buy (with BTC). It's simply a question of timing.

Well you may not have to really move very much fiat if you buy BTC in one location and sell BTC on an exchange (mostly thinking about Stamp).  And, really how do you know about money moving off and onto various exchanges, is there some public way of verifying such beyond attempting to infer such info from the order books and/or trade volume?

No, there isn't. At best, the only thing to be inferred from volume is the sum spent on making the volume look like it does. Not even that, in reality.
There's one thing that hodlers say that I agree with: you will lose money if you trade (unless you're a 'market maker'). The reason legacy real trading is regulated is to prevent exactly what's going on on BTC exchanges now.
Financial fraud develops & advances, just like any other field. Regulators manage to plug one loophole, manipulators figure out another, and the game goes on.

Now imagine this wealth of experience, this boatload of scams that got invented and burnt down IRL over *centuries*, and, suddenly ...unregulated market!!1! Everything old is new again, you don't even have to figure out new ways to do shit -- just recycle. Hard to get this across, but another way to look at it is imagine some bacterial strain that becomes more and more antibiotic-resistant as new antibiotics are introduced, and then... stop taking antibiotics.
Good luck.

[JayJuanGee]

...
There is a different dynamic for down versus up, and part of the reason for the different dynamics likely has to do with differing levels of ease to move BTC in comparison to moving fiat (and who may have access to mechanisms to move fiat quickly - surely, these days almost anyone has access to mechanisms to move BTC really quickly), which considerably changes the dynamics for each of two binary possible price directions.

The entities moving the market are not the entities who have problems with moving BTC/fiat onto exchanges quickly. There's little evidence that much money is actually moving in & out of exchanges. The fiat you sell (for BTC) is the fiat you buy (with BTC). It's simply a question of timing.

Well you may not have to really move very much fiat if you buy BTC in one location and sell BTC on an exchange (mostly thinking about Stamp).  And, really how do you know about money moving off and onto various exchanges, is there some public way of verifying such beyond attempting to infer such info from the order books and/or trade volume?

No, there isn't. At best, the only thing to be inferred from volume is the sum spent on making the volume look like it does. Not even that, in reality.
There's one thing that hodlers say that I agree with: you will lose money if you trade (unless you're a 'market maker'). The reason legacy real trading is regulated is to prevent exactly what's going on on BTC exchanges now.
Financial fraud develops & advances, just like any other field. Regulators manage to plug one loophole, manipulators figure out another, and the game goes on.

Now imagine this wealth of experience, this boatload of scams that got invented and burnt down IRL over *centuries*, and, suddenly ...unregulated market!!1! Everything old is new again, you don't even have to figure out new ways to do shit -- just recycle. Hard to get this across, but another way to look at it is imagine some bacterial strain that becomes more and more antibiotic-resistant as new antibiotics are introduced, and then... stop taking antibiotics.
Good luck.

What the fuck are you talking about?

You are the one who made the claim suggesting that there was NO real evidence of money moving in and out of exchanges, and I asked you, more or less, how you would know... then you agree that you do not know and subsequently babble on in some side and distracting irrelevant tangent.

In other words, you do not appear to be really attempting any substantive discussion regarding any of your off-the-wall assertions.

[Cconvert2G36]

Huobi ded?

edit: back up

[ssmc2]

Huobi ded?

Yep. Crypto too.

[makeacake]

...
There is a different dynamic for down versus up, and part of the reason for the different dynamics likely has to do with differing levels of ease to move BTC in comparison to moving fiat (and who may have access to mechanisms to move fiat quickly - surely, these days almost anyone has access to mechanisms to move BTC really quickly), which considerably changes the dynamics for each of two binary possible price directions.

The entities moving the market are not the entities who have problems with moving BTC/fiat onto exchanges quickly. There's little evidence that much money is actually moving in & out of exchanges. The fiat you sell (for BTC) is the fiat you buy (with BTC). It's simply a question of timing.

Well you may not have to really move very much fiat if you buy BTC in one location and sell BTC on an exchange (mostly thinking about Stamp).  And, really how do you know about money moving off and onto various exchanges, is there some public way of verifying such beyond attempting to infer such info from the order books and/or trade volume?

No, there isn't. At best, the only thing to be inferred from volume is the sum spent on making the volume look like it does. Not even that, in reality.
There's one thing that hodlers say that I agree with: you will lose money if you trade (unless you're a 'market maker'). The reason legacy real trading is regulated is to prevent exactly what's going on on BTC exchanges now.
Financial fraud develops & advances, just like any other field. Regulators manage to plug one loophole, manipulators figure out another, and the game goes on.

Now imagine this wealth of experience, this boatload of scams that got invented and burnt down IRL over *centuries*, and, suddenly ...unregulated market!!1! Everything old is new again, you don't even have to figure out new ways to do shit -- just recycle. Hard to get this across, but another way to look at it is imagine some bacterial strain that becomes more and more antibiotic-resistant as new antibiotics are introduced, and then... stop taking antibiotics.
Good luck.

What the fuck are you talking about?

You are the one who made the claim suggesting that there was NO real evidence of money moving in and out of exchanges, and I asked you, more or less, how you would know... then you agree that you do not know and subsequently babble on in some side and distracting irrelevant tangent.

Not sure what you mean. I said there's no evidence, and you expect me to ...offer you evidence? Of what, pray tell? Of there being no evidence? How would one go about doing that?

[Fatman3001]

Bitcoin XT is officially ded...

http://www.bizjournals.com/newyork/news/2015/11/20/bitcoin-core-developer-joins-blockchain-consortium.html

[BlindMayorBitcorn]

Bitcoin XT is officially ded...

http://www.bizjournals.com/newyork/news/2015/11/20/bitcoin-core-developer-joins-blockchain-consortium.html

Anybody read the whitepaper yet?

http://static1.squarespace.com/static/55f73743e4b051cfcc0b02cf/t/564ca429e4b0a9e90a947ba2/1447863337472/Watermarked-tokens-and-pseudonymity-on-public-blockchains-Swanson.pdf

Thoughts?

[Cereberus]

There was so much hysteria about it, this is good for development going forward.

[hdbuck]

Bitcoin XT is officially ded...

http://www.bizjournals.com/newyork/news/2015/11/20/bitcoin-core-developer-joins-blockchain-consortium.html

Anybody read the whitepaper yet?

http://static1.squarespace.com/static/55f73743e4b051cfcc0b02cf/t/564ca429e4b0a9e90a947ba2/1447863337472/Watermarked-tokens-and-pseudonymity-on-public-blockchains-Swanson.pdf

Thoughts?

So, hearn is definitaly not interested in financial freedom.

Banks and their Monopoly can go fork themselves.

[JorgeStolfi]

Bitcoin XT is officially ded...

http://www.bizjournals.com/newyork/news/2015/11/20/bitcoin-core-developer-joins-blockchain-consortium.html

Well, not quite dead.  In induced coma for now, but the Doctor promised to drop by and check from time to time:

https://www.reddit.com/r/bitcoinxt/comments/3tfwd1/mike_hearn_now_working_for_r3cv_blockchain/cx5wnwe

[AlexGR]

So, hearn is definitaly not interested in financial freedom

I'm willing to bet that all the money he'll get from the mega-banks will afford him quite a lot of financial freedom. Not sure about the rest 7bn people though