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

[JorgeStolfi]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? 

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

[peonminer]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice?  

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

Gambling sites always have these promos. Read the fine print.


Bitcoin be like

[mixan]

price going to dump soon

It is happening already and I thought it would be soon the trading day for it to go down. Was $357 last I checked around ten minutes ago thought it broke 360 barely two hours ago. Up to $366 and down to almost $10 is not very promising end of the month tally.

Yes, we are crashing uncontrollably. Except...we aren't.

Zoom out a little bit on your charts and stop trying to be cute with little moves. Look at the pattern, not the pattern within the pattern, within the pattern.

These little movements make me quiver because it makes my intuition say "buy or sell".
Just that little up tick in the price makes the inner wolf in me want to howl at the moon and want to sell.

[ChartBuddy]

Coin



Explanation

[JayJuanGee]

like my old bank account.
but nothing can freeze my money or restrict me to the SAFE BANK limits (cashless society).

Lessee... You've lost ~2/3 of your money by hodling for two years.
Yup. Money in the bank fared a bit better :-

You have quite a few assumptions in your accusation. 

First of all, he started in December 2013... and even if his strategy was primarily holding what he bought, it is quite presumptuous to assume that he is 2/3 in the hole at the moment.  Furthermore, if he has not cashed out yet, he has not locked in any loss pertaining to aspects of his portfolio still being held. 

Frequently it is forgotten, overlooked or even under credited that a part of any alternative investment serves as a hedge, whether its value goes up or down, that hedge was in place for the past couple of years.

[HI-TEC99]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice?  

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

It's a scam site, not the real primedice.

Bitcoinblackfriday.info is trying to scam people by posting links to fake sites with incredible offers. The links look almost like the real versions, but they have slight differences. There are scam site links mixed together with legit site links to make the scam ones harder to spot.

Theymos has posted a warning about the bitcoinblackfriday.info scam in one of the bitcointalk advertising banners.

I didn't follow their announcements etc. so I don't know much about them. But just by looking at 5 of their top 8 ads:



deals.bitcoinblackfriday.info/offer/primedice-deposit-at-least-1-btc-and-receive-1-btc-for-free/
links to primedice.io instead of https://primedice.com

deals.bitcoinblackfriday.info/offer/trezor-the-hardware-bitcoin-wallet/
links to buy-trezor.com instead of http://buytrezor.com

deals.bitcoinblackfriday.info/offer/spondoolies-tech-sp50/
links to sqondoolies-tech.com instead of http://www.spondoolies-tech.com

deals.bitcoinblackfriday.info/offer/gyft-25-discount-for-all-gift-cards/
links to appgyft.com instead of https://app.gyft.com


Obvious scam is obvious.


Owner at forums: https://bitcointalk.org/index.php?action=profile;u=525055

[brg444]

AFAIK the ponzi is still going on.

Right, and has been for the last couple of weeks yet no sign (except for the last couple days) of the volume that was previously credited to it.

[TReano]

anybody with an epic 20x long on quarterlies here not able to sleep because he can't count the money he is making? 

[mixan]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice?  

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

It's a scam site, not the real primedice.
Bitcoinblackfriday.info is trying to scam people by posting links to fake sites with incredible offers. The links look almost like the real versions, but they have slight differences. There are scam site links mixed together with legit site links to make the cam ones harder to spot.

Theymos has posted a warning about the bitcoinblackfriday.info scam in one of the bitcointalk advertising banners.

I didn't follow their announcements etc. so I don't know much about them. But just by looking at 5 of their top 8 ads:
deals.bitcoinblackfriday.info/offer/primedice-deposit-at-least-1-btc-and-receive-1-btc-for-free/
links to primedice.io instead of https://primedice.com

deals.bitcoinblackfriday.info/offer/trezor-the-hardware-bitcoin-wallet/
links to buy-trezor.com instead of http://buytrezor.com

deals.bitcoinblackfriday.info/offer/spondoolies-tech-sp50/
links to sqondoolies-tech.com instead of http://www.spondoolies-tech.com

deals.bitcoinblackfriday.info/offer/gyft-25-discount-for-all-gift-cards/
links to appgyft.com instead of https://app.gyft.com
Obvious scam is obvious.
Owner at forums: https://bitcointalk.org/index.php?action=profile;u=525055
And promoted by ~50 ppl in his signature campaign, well done guys.
edit: seems like they also have 1 ad on this forum...

It has been put up who was running the signature campaign for that site, it was an alternate account of the admin of that bitcoinblackfriday.info site:

https://bitcointalk.org/index.php?topic=1266987.0

and the accused:

http://bitcointalk.org/index.php?topic=1267751.0

facts are still rolling in from Luptin that was contacted by admin of that site.

[JorgeStolfi]

The pattern of volume at Bitfinex over the last year is similar to that of Bitstamp.  Namely, the volume during the "sub-rally" of the last 2-3 days is above average, but still much less than the peak of early Novermber, and comparable to the volume seen several times during 2015.. 

What the fuck matters regarding some alleged similar volume pattern when for one, they are two years removed from each other.. and bitfinex allows some creative low fee arrangements and bitfinex also allows quite a variety of marginal betting... which in the end becomes a BIG ... SO WhAT?   Apples and Oranges.

Sorry, I am talking about 2015 exclusively there; "November" is Nov/2015 not Nov/2013.

My proposal is that the rise from $220 to the almost-stable $330 level in the last 3 months was due to the MMM ponzi and copycats in China. It was definitely pulled by OKCoin and Huobi, who saw a huge increase in daily trade volume (10x their records before Sep/2015, including the levels during the Nov/2013 rally). Whereas Bitstamp and Bitfinex saw a much more modest increase in volume, that barely reached the levels seen in several previous occasions (such as Jul/2015 and Feb/2015).

As for the mini-rally of the last 3 days, from $320 to $360, I don't think that it can be explained by Bitcoin Black Friday sales (unless it was the PrimeDice offer above).  BBF 2014 had no influence on the price, and this one seems to have been a flop.

If bitcoiners are expecting the price to go up further, they should buy and hold rather than buy to spend, even with "20% off" offers.  Only early adopters who bought well below the current $350 price may think that it is a good time to take profits.  So BBF may actually have a negative effect on the price...

[shorts will be homeless]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? 

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

such a dumb fud attempt, lol. anyone with any basic knowledge of gambling site promos understands what a rollover requirement is for a bonus. you have to bet the amount deposited many many times over before you are eligible for the bonus. ive seen rollover requirements of 200 times the deposit. on average the house will still make money with most bettors going busto before a bonus is claimed. plus they have a new customer. its sad you arent smart enough to do anything better with your time than make up fud any dimwit can see right through. what kind of loser spends all his time making up bogus theories about something he hates cuz he is butthurt about his native countries currency inflating into toilet paper. bitcoin is going up cuz it deflationary in a world of inflationary currencies. get used to it. you wouldnt be such a miserable old loser if you didnt spend your time like one on this forum.

[Meuh6879]

Lessee... You've lost ~2/3 of your money by hodling for two years.
Yup. Money in the bank fared a bit better :-

2 years ? Only ... not a bad thing for a little experience.

you don't see the path ... like me (and the mathematic degression of supply) and the value of this technology to build more trusted economy at local level.

[JorgeStolfi]

You don't really seem to give up with your coming up with various FUD offerings.

Why FUD?  I think that the MMM ponzi could lift the price to $1200 and beyond (or not). Otherwise, I don't see where else you are going to find enough fresh demand for bitcoins to do that.

Your theory would be a whole hell-of-a lot more interesting if you were invested in a material way in Bitcoin, one way or another, rather than contributing with your supposed detached analysis. 

One does not need to stand in the rain to be a competent meteorlogist. 

[JorgeStolfi]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice?  

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

It's a scam site, not the real primedice.

Bitcoinblackfriday.info is trying to scam people by posting links to fake sites with incredible offers. The links look almost like the real versions, but they have slight differences. There are scam site links mixed together with legit site links to make the scam ones harder to spot.

Theymos has posted a warning about the bitcoinblackfriday.info scam in one of the bitcointalk advertising banners.

I didn't follow their announcements etc. so I don't know much about them. But just by looking at 5 of their top 8 ads:

deals.bitcoinblackfriday.info/offer/primedice-deposit-at-least-1-btc-and-receive-1-btc-for-free/
links to primedice.io instead of https://primedice.com

deals.bitcoinblackfriday.info/offer/trezor-the-hardware-bitcoin-wallet/
links to buy-trezor.com instead of http://buytrezor.com

deals.bitcoinblackfriday.info/offer/spondoolies-tech-sp50/
links to sqondoolies-tech.com instead of http://www.spondoolies-tech.com

deals.bitcoinblackfriday.info/offer/gyft-25-discount-for-all-gift-cards/
links to appgyft.com instead of https://app.gyft.com

Obvious scam is obvious.

Owner at forums: https://bitcointalk.org/index.php?action=profile;u=525055

Thanks!

[JorgeStolfi]

AFAIK the ponzi is still going on.

Right, and has been for the last couple of weeks yet no sign (except for the last couple days) of the volume that was previously credited to it.

Could you please check the daily volume at OKCoin and Huobi over the past year?  And compare to Bitstamp and Bitfinex...

[natewelt]

price going to dump soon

It is happening already and I thought it would be soon the trading day for it to go down. Was $357 last I checked around ten minutes ago thought it broke 360 barely two hours ago. Up to $366 and down to almost $10 is not very promising end of the month tally.

Yes, we are crashing uncontrollably. Except...we aren't.

Zoom out a little bit on your charts and stop trying to be cute with little moves. Look at the pattern, not the pattern within the pattern, within the pattern.

These little movements make me quiver because it makes my intuition say "buy or sell".
Just that little up tick in the price makes the inner wolf in me want to howl at the moon and want to sell.

Well let me give you some serious advice. Start forcing yourself not to look at what Bitcoin is doing so often.

This works in the stock market as well. If you get yourself into good investments then try not to micromanage your portfolio. You will end up trading so much you miss out on the big money moves which take time to develop.

Stick to your convictions

[brg444]

AFAIK the ponzi is still going on.

Right, and has been for the last couple of weeks yet no sign (except for the last couple days) of the volume that was previously credited to it.

Could you please check the daily volume at OKCoin and Huobi over the past year?  And compare to Bitstamp and Bitfinex...

Oh so now you're suggesting the totality of Chinese exchanges volume is a consequence of the MMM ponzi.

It's quite amazing how you manage to twist and turn any news item into a rationale as to why Bitcoin's price is rising but of course it explicitly never is because of normal demand for Bitcoin.

[JorgeStolfi]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? 

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

such a dumb fud attempt, lol. anyone with any basic knowledge of gambling site promos understands what a rollover requirement is for a bonus. you have to bet the amount deposited many many times over before you are eligible for the bonus.

As others have pointed out, that is a fake PrimeDice site. (Are you shilling for them, perchance?)  If you had bothered to check their conditions, you would have seen that they require only 5 bets of 0.5 BTC -- way too little for a honest site to recover the gift via the house cut or fees.  So it may have attracted many unwary victims...

[marcus_of_augustus]

http://bitcoinclock.com/

bitcoin cost of production doubles on or around 23.07.2016 ... the floor price will get raised in proportion, one way or another.

[shorts will be homeless]

If Black Friday was responsible for the "sub-rally" of the last 2-3 days, perhaps it is because of this offer from PrimeDice? 

Deposit at least 1 BTC and receive 1 BTC for FREE

How could this be for real?  Could they be planning an exit scam?

such a dumb fud attempt, lol. anyone with any basic knowledge of gambling site promos understands what a rollover requirement is for a bonus. you have to bet the amount deposited many many times over before you are eligible for the bonus.

As others have pointed out, that is a fake PrimeDice site. (Are you shilling for them, perchance?)  If you had bothered to check their conditions, you would have seen that they require only 5 bets of 0.5 BTC -- way too little for a honest site to recover the gift via the house cut or fees.  So it may have attracted many unwary victims...

simply didnt think you were stupid enough to put up a link to a fake website. i overestimated you, wont happen again. meanwhile you are ignoring the elephant in the room which is why have you wasted so many hours of your life with something you hate and how will you repair what is left of your life and better spend the little time you have left on this planet. i guess it really is a bull market when the permabears accuse bulls of being paid shills. bears certainly called you a paid shill during the bear market. thanks for turning the tables.