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

[adamstgBit]

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' <==

Yep, on Friday they spent $6.5 million dollars a minute. How many individual transactions made up the dump? Was it Coinbase, BitPay or some other account?

I was told Coinbase and BitPay don't sell coins via exchanges, and have institutional[ized] investors lined up to buy their Precious at a premium, 'to avoid slippage'?
Was I misled ?

They didn't at first but who knows what they do now. How much can they absorb before they need to recover some fiat. Only they can tell you that.

i'm pretty sure BitPay Speculates with its coins
pretty sure BitPay is filthy rich in BTC...
tony use to trade with his "personal stash" and as i recall he made all the right moves  
he bought the shit out of all the coins as priate was trying to short them at 12$
oh the good old days such drama in such a small community

I used to believe that until BitPay laid off a bunch of people and lost a half million in a failed Bitcoin bowl advertising scheme. They admitted that many businesses are stopping acceptance of Bitcoin. I don't know anymore how stable any of them are or what they have.

BitPay is fine, they will probably end up needing to hire again soon....

[adamstgBit]

sell sell sell!

thats what i always say

 

[QuestionAuthority]

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' <==

Yep, on Friday they spent $6.5 million dollars a minute. How many individual transactions made up the dump? Was it Coinbase, BitPay or some other account?

I was told Coinbase and BitPay don't sell coins via exchanges, and have institutional[ized] investors lined up to buy their Precious at a premium, 'to avoid slippage'?
Was I misled ?

They didn't at first but who knows what they do now. How much can they absorb before they need to recover some fiat. Only they can tell you that.

i'm pretty sure BitPay Speculates with its coins
pretty sure BitPay is filthy rich in BTC...
tony use to trade with his "personal stash" and as i recall he made all the right moves  
he bought the shit out of all the coins as priate was trying to short them at 12$
oh the good old days such drama in such a small community

I used to believe that until BitPay laid off a bunch of people and lost a half million in a failed Bitcoin bowl advertising scheme. They admitted that many businesses are stopping acceptance of Bitcoin. I don't know anymore how stable any of them are or what they have.

BitPay is fine, they will probably end up needing to hire again soon....

What makes you say they that? I've seen very few Bitcoin businesses release annual statements or periodically move coin to prove what they have.

[brg444]

BitPay is fine, they will probably end up needing to hire again soon....

Fine?

They were on the verge of bankruptcy a few months ago.

They're on VC life support and in all likelyhood generate not one dollar of profit

[peonminer]

Here we go

That was the ultimate bear trap.

Head and shoulders drop off rejected.

Willy is back with a vengeance now.

[peonminer]

Good Charlie 😄 My exit was 475.

Good time to get back in before the next rise.

[Hyperjacked]

^Hope. It's always the last to die.

"Hope springs eternal in the human beast" An essay on man!

It's rings true for everyone...Bulls bears and pigs!

[Hyperjacked]

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

Yes sir! That was fun...

Cheers!

[peonminer]

Good Charlie 😄 My exit was 475.

Good time to get back in before the next rise.

Hey everyone, peonminer was the one that crashed the market! Get him!

I wish

Twas the bull bear before Christmas.

Maybe one day

[BlindMayorBitcorn]

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

[ChartBuddy]

Coin



Explanation

[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.

First of all we are all following China and China doesn't give F*** about christmas. Secondly this swings are heavy manipulation of whales for sure. When some individuals cash out 10 BTC on different times on western exchanges it won't move the price and China man are happy to buy your western coins. We didn't see big movements on Black Friday also. It was just going up a bit and dump what everybody where afraid after never happened.
I don't think christmas will give any important effect on price.

Really? Oh, excuse me then. I didn't realize they did so much trading in the middle of the night. lol

[Hyperjacked]

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

Calculated risk vs Gambling...The difference is with gambling you have a high probability of losing!

So yes most the leveraged amateur traders are gambling because they don't know how to calculate risk!

Of course its a totally different story for those that make a living calculating risk!

[Yrpapyrtersplooz]

https://i.imgflip.co/vmgvd.jpg

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

Calculated risk vs Gambling...The difference is with gambling you have a high probability of losing!

So yes most the leveraged amateur traders are gambling because they don't know how to calculate risk!

Of course its a totally different story for those that make a living calculating risk!

And those who make a living calculating risks, what makes them bet on trivial-to-manipulate, unregulated markets? Masochism?

[ssmc2]

Push up through 436 or test 400 again? ...

[Hyperjacked]

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

Calculated risk vs Gambling...The difference is with gambling you have a high probability of losing!

So yes most the leveraged amateur traders are gambling because they don't know how to calculate risk!

Of course its a totally different story for those that make a living calculating risk!

And those who make a living calculating risks, what makes them bet on trivial-to-manipulate, unregulated markets? Masochism?

I don't take pleasure in someone losing money...

someone wins and loses on every trade and it's my goal to be on the winning side most the time!

The whole unregulated markets thing is another debate...

[noobtrader]

Push up through 436 or test 400 again? ...

to form cup and handle we need 400 for few days

[peonminer]

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.

First of all we are all following China and China doesn't give F*** about christmas. Secondly this swings are heavy manipulation of whales for sure. When some individuals cash out 10 BTC on different times on western exchanges it won't move the price and China man are happy to buy your western coins. We didn't see big movements on Black Friday also. It was just going up a bit and dump what everybody where afraid after never happened.
I don't think christmas will give any important effect on price.

Really? Oh, excuse me then. I didn't realize they did so much trading in the middle of the night. lol

Every night for Westerners 3AM-4AM CST (5-6PM Hong Kong Time (HKT) provides activity. If I were more efficient yet, I would've shorted the 375 exit. My short money was on a 385 exit. All the FIB lines pointed toward it. Now, when you get some skiddish bears with a monstrous pocket. It's like riding the tallest roller coaster in the world. My short standards were set too high I guess.

I can most certainly see this is the bottom though. Head and shoulders drop off line rejected. Willy says up. This was just a small correction in the rocket's course.

[Yrpapyrtersplooz]

https://i.imgflip.co/vmgvd.jpg

I would like to tell you again, about how I sold my bitcoins for 450...and bought them back at 420.
Still grinning ear to ear after predicting that crash last night.

http://www.gamblersanonymous.org/ga/

There's still hope.

Calculated risk vs Gambling...The difference is with gambling you have a high probability of losing!

So yes most the leveraged amateur traders are gambling because they don't know how to calculate risk!

Of course its a totally different story for those that make a living calculating risk!

And those who make a living calculating risks, what makes them bet on trivial-to-manipulate, unregulated markets? Masochism?

I don't take pleasure in someone losing money...

someone wins and loses on every trade and it's my goal to be on the winning side most the time!

The whole unregulated markets thing is another debate...

>I don't take pleasure in someone losing money...
You're thinking sadism. Masochism is a different thing.

>someone wins and loses on every trade and it's my goal to be on the winning side most the time!
Someone wins and loses in every game of Three Card Monte. It ain't you, unless you're the guy with the cards.

>The whole unregulated markets thing is another debate...
Nah, lack of regulation means that exchanges (the ones who hold the cards) can do whatever they want. They don't even have to be good.

P.S. All gamblers are trying to 'make a living calculating risks.' Few of them do.

[ruggedman_dan]

Next step is $500, what do you think ?
Is it possible?