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

[ChartBuddy]

Coin



Explanation

[bitebits]

I am thinking about investing in the Brazilian Real since it is heading to it's all time low:
http://stooq.pl/q/?s=btcbrl&d=20151211&c=5y&t=l&a=lg&b=0

In general BTC seems do be doing pretty good against some other currencies (aka as real money) as well:
https://www.reddit.com/r/btc/comments/3wfo0j/if_you_look_at_bitcoin_price_from_a_nonusdcentric/

[acquafredda]

Of course crazy things happens while we sleep, but that was not dreaming. Next time you dump please don't do it at six a.m. europe time.
That's not fair  

[ChartBuddy]

Coin



Explanation

[AZwarel]

I am thinking about investing in the Brazilian Real since it is heading to it's all time low:
http://stooq.pl/q/?s=btcbrl&d=20151211&c=5y&t=l&a=lg&b=0

In general BTC seems do be doing pretty good against some other currencies (aka as real money) as well:
https://www.reddit.com/r/btc/comments/3wfo0j/if_you_look_at_bitcoin_price_from_a_nonusdcentric/

That post is awesome!

People in those countries should read it!
Also in Hungary:

Date               Notation                          HUF/1 USD
2014-12-12      1 BTC =   85,519 HUF         247.165
2015-01-01      1 BTC =   81,935 HUF         261.14
2015-12-11      1 BTC = 131,347 HUF         288.965

That is also 60% increase in BTC price versus HUF, and 17% decrease in HUF vs USD in 1 year, which is mitigated if someone is in BTC. Sooo many people just park their money in the bank, or in some silly bond with a 3% /year interest rate, while loosing 10-20% of value on real purchase power.

http://www.likeforex.com/misc/historical-rates.php?f=BTC&t=HUF&y=2015&page=page%3D1

[LFC_Bitcoin]

We're being dumped on 

Will 400 USD hold over the weekend?

[AirFlame]

And china shit theirs pants It was foreseeable

[LMGTFY]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

[AlexGR]

I am thinking about investing in the Brazilian Real since it is heading to it's all time low:
http://stooq.pl/q/?s=btcbrl&d=20151211&c=5y&t=l&a=lg&b=0

In general BTC seems do be doing pretty good against some other currencies (aka as real money) as well:
https://www.reddit.com/r/btc/comments/3wfo0j/if_you_look_at_bitcoin_price_from_a_nonusdcentric/

That post is awesome!

People in those countries should read it!

People in most of those countries already know about devaluation and inflation hence why they are ever vigilant of safer assets (gold, real estate, hard currency, mechanical equipment, btc, etc etc)

It's westerners that do not understand that, and, by extension, not realizing the consequences of BTC.

[QuestionAuthority]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

[AirFlame]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

Christmas dont dump 80 000 BTC in 3 min.

[BitPrepay]

We're being dumped on 

Will 400 USD hold over the weekend?

looks like it will and even going higher

[ChartBuddy]

Coin



Explanation

[Divitiae miserae]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

Just petty Westerners overly anxious and with their eyes fixed onto the Chinese candles trying to anticipate any move.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

Adorable explanation. lol

[oda.krell]

It's not just the dump, it's the paper thin orderbook I was warning about yesterday. During most of the rally, the bfx order book went up from 30k to 42k and then over the past 3 days it has gone back DOWN from 42k to 28k even BEFORE the dump.

second leg of the rally has been on thin-ish orderbook and at least dubious volume ever since its beginning, Nov 25/26. Not even sure if that's a clear sign of an unsustainable trend in the longer run, as volume has a habit of kicking in with a delay sometimes. Either way, that ~$380 test I've been harping on about in the past week looks a bit more likely again.

[Hyperjacked]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

Christmas dont dump 80 000 BTC in 3 min.

Nothing goes up forever and it's the composite operators MO...look at the last dump that took some ppl by surprise. Ask Torque he had his finger on the pulse on the last dump! He has been wrong ever since but...

[QuestionAuthority]

And china shit theirs pants It was foreseeable

Was it China? It looks to me like the heavy volume during the dump was on the USD exchanges (well, stamp and finex) - on the CNY exchanges volume didn't seem to change during the dump.

It's probably just Christmas. I've been waiting for the price to climb as high as it can before about the 20th so I can sell and use any realized profit for presents. I expect small batches of sell offs between now and the 24th on USD exchanges will continue to happen as people find things they want to give as gifts.

Christmas dont dump 80 000 BTC in 3 min.

Why not? Do you have any idea how much is spent on Christmas every year? U.S. shoppers spent $9.1 billion at stores on Black Friday.

[Divitiae miserae]

Well said, Voktar.

[adamstgBit]

A dump near the $500 was expected. Traders painting a double top. Also, some people are expected to cash out before years end for tax reassons.

I was a little worried we where climbing very fast in the last few days, so dumps like these give me confidence we are not going to crash hard in the next leg up.

we should head back down to 395 fast and start another slowly climb immediately

[Yrpapyrtersplooz]

Christmas dont dump 80 000 BTC in 3 min.

Why not? Do you have any idea how much is spent on Christmas every year? U.S. shoppers spent $9.1 billion at stores on Black Friday.

Yup. All invested in bit-coins, and dump simultaneously, or, at most, within a 3-minute window

Alternate explanation: 'healthy correction' <==