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

[isvicre]

We passed the bear trap, time to go up again! 350$ in next 72 hours.
You can blame me if we go back to 319$.

[Torque]

Bitcoin is still cheap as chips.

If this severely under priced mess continues I might actually have to buy some soon, not just HODL homebrew.

Yeah OK. This is the same crap everyone was saying when the price was ~$230.  And guess what, no one was buying then, even the people saying it.

[ChartBuddy]

Coin



Explanation

[Fatman3001]

Bitcoin is still cheap as chips.

If this severely under priced mess continues I might actually have to buy some soon, not just HODL homebrew.

Yeah OK. This is the same crap everyone was saying when the price was ~$230.  And guess what, no one was buying then, even the people saying it.

And we're at $325 now.

[Torque]

Bitcoin is still cheap as chips.

If this severely under priced mess continues I might actually have to buy some soon, not just HODL homebrew.

Yeah OK. This is the same crap everyone was saying when the price was ~$230.  And guess what, no one was buying then, even the people saying it.

And we're at $325 now.

And your point is?  We were also at $600, $700, $800, and $1100.  Wake me up when we even get back to $600, that would be a start.  

But I guess that would be a bad thing as then bitcoin would no longer be "cheap as chips" as you say, so no one will be buying then.  Amiiright?

[aztecminer]

maybe if it stays at 325 long enough everyone will sell ??

[aztecminer]

now that we have been going sideways since the auction, it should be more obvious now ... u know what ??... i just had an idea..

[Feri22]

http://www.coindesk.com/visa-europe-remittances-bitcoin-blockchain/?utm_source=CoinDesk+subscribers&utm_campaign=d2593eab4b-EMAIL_RSS_CAMPAIGNT2&utm_medium=email&utm_term=0_74abb9e6ab-d2593eab4b-78883989

See you at 10 000 USD per coin

[ssmc2]

Such fail:  http://www.foxnews.com/tech/2015/11/25/isis-parks-its-cash-in-bitcoin-experts-say.html

 

[Torque]

now that we have been going sideways since the auction, it should be more obvious now ... u know what ??... i just had an idea..

You mean that whale miner(s) colluded to orchestrate this whole pump because rising hashrate, and they needed to up (read: peg) the price higher to continue making money?  And because halving is coming next year?

Nah, it couldn't be an Occam's Razor.  It just couldn't.

[ssmc2]

http://www.coindesk.com/visa-europe-remittances-bitcoin-blockchain/?utm_source=CoinDesk+subscribers&utm_campaign=d2593eab4b-EMAIL_RSS_CAMPAIGNT2&utm_medium=email&utm_term=0_74abb9e6ab-d2593eab4b-78883989

See you at 10 000 USD per coin

[Fatman3001]

Bitcoin is still cheap as chips.

If this severely under priced mess continues I might actually have to buy some soon, not just HODL homebrew.

Yeah OK. This is the same crap everyone was saying when the price was ~$230.  And guess what, no one was buying then, even the people saying it.

And we're at $325 now.

And your point is?  We were also at $600, $700, $800, and $1100.  Wake me up when we even get back to $600, that would be a start.  

But I guess that would be a bad thing as then bitcoin still wouldn't be "cheap as chips" as you say, so no one will be buying then.  Amiiright?

That's your logic, not mine.

It's cheap as chips because there's a lot of fear and uncertainty in the market. If Bitcoin gets to the level you're asking for I think that would signal to the market that Bitcoin is here to stay.

Those of us who already knows¹ Bitcoin is here to stay can buy them at a discount now. And at $600 for that matter.

Let us know when you're on the choo choo!

1) To avoid any discussion on the advances since before the cartesian revolustion: knows = strong belief.

[Asrael999]

crazy volume for the last 4hour candle on huobi and okcoin... also bullish signals on averages, trap or breakout?

Trap, ofc.
I see less than 310 in the next weekend  

lack of Ackbar noted.

[Torque]

Bitcoin is still cheap as chips.

If this severely under priced mess continues I might actually have to buy some soon, not just HODL homebrew.

Yeah OK. This is the same crap everyone was saying when the price was ~$230.  And guess what, no one was buying then, even the people saying it.

And we're at $325 now.

And your point is?  We were also at $600, $700, $800, and $1100.  Wake me up when we even get back to $600, that would be a start.  

But I guess that would be a bad thing as then bitcoin still wouldn't be "cheap as chips" as you say, so no one will be buying then.  Amiiright?

That's your logic, not mine.

It's cheap as chips because there's a lot of fear and uncertainty in the market. If Bitcoin gets to the level you're asking for I think that would signal to the market that Bitcoin is here to stay.

Those of us who already knows¹ Bitcoin is here to stay can buy them at a discount now. And at $600 for that matter.

Let us know when you're on the choo choo!

1) To avoid any discussion on the advances since before the cartesian revolustion: knows = strong belief.

Everyone knows Bitcoin is here to stay, and yes I have been majorly on the train since early 2013.  Still a long term bull.  But the absolute bullshit in the short term continues to be mind-blowing to me.

It's pretty clear now to everyone that the price is not decided, nor even moved, by Average Joe buyers/sellers.  It's decided by collusion between miners and whale traders (who are likely one in the same people) and possibly even exchange operators.  That's it.  Bitcoin's future fate is completely in their hands.  And that's scary as fuck.

[ssmc2]

http://www.coindesk.com/visa-europe-remittances-bitcoin-blockchain/?utm_source=CoinDesk+subscribers&utm_campaign=d2593eab4b-EMAIL_RSS_CAMPAIGNT2&utm_medium=email&utm_term=0_74abb9e6ab-d2593eab4b-78883989

See you at 10 000 USD per coin

Once scalability solutions are released and working, be it lightning, payment channels, block size increase (or the combination thereof), you better have bought your coins already.

[sunnydeep]

http://www.coindesk.com/visa-europe-remittances-bitcoin-blockchain/?utm_source=CoinDesk+subscribers&utm_campaign=d2593eab4b-EMAIL_RSS_CAMPAIGNT2&utm_medium=email&utm_term=0_74abb9e6ab-d2593eab4b-78883989

See you at 10 000 USD per coin

Visa uses bitcoin as testnet, at zero expense to self

[Richy_T]

Price action two years ago today. A bit more stable than I was expecting...

[Fatman3001]

Bitcoin is still cheap as chips.

If this severely under priced mess continues I might actually have to buy some soon, not just HODL homebrew.

Yeah OK. This is the same crap everyone was saying when the price was ~$230.  And guess what, no one was buying then, even the people saying it.

And we're at $325 now.

And your point is?  We were also at $600, $700, $800, and $1100.  Wake me up when we even get back to $600, that would be a start.  

But I guess that would be a bad thing as then bitcoin still wouldn't be "cheap as chips" as you say, so no one will be buying then.  Amiiright?

That's your logic, not mine.

It's cheap as chips because there's a lot of fear and uncertainty in the market. If Bitcoin gets to the level you're asking for I think that would signal to the market that Bitcoin is here to stay.

Those of us who already knows¹ Bitcoin is here to stay can buy them at a discount now. And at $600 for that matter.

Let us know when you're on the choo choo!

1) To avoid any discussion on the advances since before the cartesian revolustion: knows = strong belief.

Everyone knows Bitcoin is here to stay, and yes I have been majorly on the train since early 2013.  Still a long term bull.  But the absolute bullshit in the short term continues to be mind-blowing to me.

It's pretty clear now to everyone that the price is not decided, nor even moved, by Average Joe buyers/sellers.  It's decided by collusion between miners and whale traders.  That's it.  Bitcoin's future fate is completely in their hands.  And that's scary as fuck.

That makes sense. But I think you overestimate the insights of even highly skilled professionals in both IT and finance. You see something they don't see. Yet.

Still a long term bull.  But the absolute bullshit in the short term continues to be mind-blowing to me.

I found a gif, and I'm darned if I'm not going to use it.

[ChartBuddy]

Coin



Explanation

[abercrombie]

Another trade opportunity.

Are you putting your money where your mouth is?

To me seems risky

Yea, would take some balls to short here at 327, even though we saw 309 a couple days ago.

Margin shorts vs longs on Bitfinex and OkCoin suggests probable upward movement once the work week begins.  

This ended up being a good call. 

I shorted 82 BTC at 327.2 this morning.  Hoping for a few bucks over the next few hours.  Stop loss at 329.