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

[billyjoeallen]

On BFX, it's almost as if someone pumped ~$5,000,000 to $10,000,000, just to gain a quick 5% and then dumped again. 

A successful P&D like that is likely to be repeated, but the question  is will it be for a higher buy in price, lower, or the same? 

I think it's likely that it was for considerably more money and performed on multiple exchanges simultaneously.  or it could just be the sum of many players acting independently. It's fun to think about.

[podyx]

I know there are plenty of bitcoin rally songs, but are there any good dump songs? if not, somebody with musical talent should get on it because we need one.

https://www.youtube.com/watch?v=OeTwwgm6Vsc

[ChartBuddy]

Coin



Explanation

[chesthing]

On BFX, it's almost as if someone pumped ~$5,000,000 to $10,000,000, just to gain a quick 5% and then dumped again. 

A successful P&D like that is likely to be repeated, but the question  is will it be for a higher buy in price, lower, or the same? 

I think it's likely that it was for considerably more money and performed on multiple exchanges simultaneously.  or it could just be the sum of many players acting independently. It's fun to think about.

Well, since you were threatening to do this with your 6 figures of bitcorns, I'd say you are a likely suspect.

[aztecminer]

i think when the usd goes down (finally gives up the ghost) that bitcoin will go with it. one gold coin will equal 32,000 bitcoins. that would give bitcoin and average price of about $1000.00, or roughly equal to 1/5 oz of silver.... thats *IF* anyone even wants bitcoins at that time. maybe since no one can send gold and silver through the internet. however, with the "blockchain blacklists" we still have to see how that works out.

[bitowl]

historically when it's obvious a whale pushed the price up, does it usually fall back down or do people just accept it?

[chesthing]

i think when the usd goes down (finally gives up the ghost) that bitcoin will go with it. one gold coin will equal 32,000 bitcoins. that would give bitcoin and average price of about $1000.00, or roughly equal to 1/5 oz of silver.... thats *IF* anyone even wants bitcoins at that time. maybe since no one can send gold and silver through the internet. however, with the "blockchain blacklists" we still have to see how that works out.

Sell gold, silver, bitcoin and buy ammo. Lots of ammo.

[Fatman3001]

I am not completely satisfied with current developments.

[chesthing]

$3xx incoming.

[ssmc2]

$3xx incoming.

Bear trap incoming

[DefendKebab]

I placed my order around 320.

lol n00b c;

I have patience.

[Vahnt]

jeez, 800+ coin market sell knocked the price down from 407 right to 400 on the dot.

I wonder if 400 will hold

[dloghwak]

Someone is not happy with our new satoshi in town.

[peonminer]

[billyjoeallen]

On BFX, it's almost as if someone pumped ~$5,000,000 to $10,000,000, just to gain a quick 5% and then dumped again. 

A successful P&D like that is likely to be repeated, but the question  is will it be for a higher buy in price, lower, or the same? 

I think it's likely that it was for considerably more money and performed on multiple exchanges simultaneously.  or it could just be the sum of many players acting independently. It's fun to think about.

Well, since you were threatening to do this with your 6 figures of bitcorns, I'd say you are a likely suspect.

No no no. I have a tradeable balance of over $100,000. But even that is with max leverage. I'm only playing with ~1 years salary. The bulk of my holdings are in cold storage.  I WISH it was me. That would have been quite a windfall.

[BlindMayorBitcorn]

Hello there,

Gavin Andresen has just published a new article: Segregated Witness is cool

[conspirosphere.tk]

i think when the usd goes down (finally gives up the ghost) that bitcoin will go with it. one gold coin will equal 32,000 bitcoins. that would give bitcoin and average price of about $1000.00, or roughly equal to 1/5 oz of silver.... thats *IF* anyone even wants bitcoins at that time. maybe since no one can send gold and silver through the internet. however, with the "blockchain blacklists" we still have to see how that works out.

try to cross a border with a substantial amount of cash or PM and then you will get why bitcoin is the ultimate SHTF plan.

[peonminer]

Hello there,

Gavin Andresen has just published a new article: Segregated Witness is cool

BULLISH!!!

TL;DR recap:

So… how does all of this help with the one megabyte block size limit?

Well, once all the details are worked out, and the soft or hard fork is past, and a significant fraction of transactions are spending segregated witness-locked outputs… more transactions will fit into the 1 megabyte hard limit. For example, the simplest possible one-input, one-output segregated witness transaction would be about 90 bytes of transaction data plus 80 or so bytes of signature– only those 90 bytes need to squeeze into the one megabyte block, instead of 170 bytes. More complicated multi-signature transactions save even more.

Looks like they're working to double the transaction limits of a block, without a hard fork! This could spell a lot of good news for the every day commerce of BTCitcoin.

[chesthing]

On BFX, it's almost as if someone pumped ~$5,000,000 to $10,000,000, just to gain a quick 5% and then dumped again. 

A successful P&D like that is likely to be repeated, but the question  is will it be for a higher buy in price, lower, or the same? 

I think it's likely that it was for considerably more money and performed on multiple exchanges simultaneously.  or it could just be the sum of many players acting independently. It's fun to think about.

Well, since you were threatening to do this with your 6 figures of bitcorns, I'd say you are a likely suspect.

No no no. I have a tradeable balance of over $100,000. But even that is with max leverage. I'm only playing with ~1 years salary. The bulk of my holdings are in cold storage.  I WISH it was me. That would have been quite a windfall.

Ahh, I thought you meant 6 figures of bitcoin.

[peonminer]

So, is the crash near?

Looks like just your average correction with China catching all of the hot knives. Most likely will test $440-$450 fairly soon.

Da bears are trying to escape the trap as we converse.