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

[aztecminer]

fed meeting is weds.. raise rates or not to raise rates.. bitcoin is up while gold and silver is down.. buy silver now while it is under 14.00 or buy bitcoins over 440.00 ?? i do not believe they will really raise rates. either way weds is the day we will find out and see what happens. i have this feeling that metals is going to get harder to obtain. i was in a shop today that had 2015 silver eagles priced at $19.00 if buy 100 or more coins.. that is still a good price at $5.00 over spot if you consider silver was $30.00+ a few months ago.. although the same shop had engelhard 100oz bars for $15.50 an oz if you bought more than one. which btw.. they stopped making 100oz engelhard bars in 2006. .. coinbase has bitcoins at $446.00 each. which is best deal ??........

[billyjoeallen]

Coinbase HUGE volume?? very abnormal for "Coinbase", daily avg 5k a 7k???!

Coinbase is regulated and I think their reported volume is more likely to be accurate.  Volume like that may indicate a sea change.

[jbreher]

... silver ... bitcoins ... which is best deal ??........

We won't know for some time which is the better deal. They're both likely a safer bet than USD - at least for the long term.

[JayJuanGee]

Recently Coinbase has been engaging in various promotionals to lower fees and increase their volume, so it should be no secret NOR conspiracy that their volume would likely increase, in part, because of their promotional efforts.

Kids say the darnedest things.



^ https://cryptowat.ch/coinbase/btcusd/4h

Why don't you engage a bit about the point that you are attempting to make rather than merely employing a patronizing tone?       

'Engage a bit'? You mean that huge red spike that pops out of nowhere to tower over everything else ain't enough?
Must've been pretty awesome 'promotional efforts,' like 'Trade one 1 BTC, get 10 BTC free!'

Well, I am glad that you are capable of words, beyond mere apparent attempts at denigration.

I, for one, do not claim to know everything in the bitcoin space, and I am merely attempting to contribute to the conversation in this thread. 

Sometimes, I become a bit jaded myself when I view multiple postings that do not appear to be considering plausible and reasonable explanations for strange events, but instead appear to take advantage of situations to devolve the conversation into outrageous proclamations and as exaggerations and attempts to find conspiracies everywhere. 

Surely I believe that there are a multitude of varying degrees of insiders attempting various manipulations and attempts to make easy money, but not every strange occurrence is clearly explained as a pure manipulation and without plausible fair dealings, at least part of the explanation.


Yes, the spike seems quite an anomaly.

[aztecminer]

... silver ... bitcoins ... which is best deal ??........

We won't know for some time which is the better deal. They're both likely a safer bet than USD - at least for the long term.

that is true. with bitcoin up and silver down i feel is good time for cost averaging though.... i am too much of a wimp to buy bitcoins at $445.00 each..

[ChartBuddy]

Coin



Explanation

[peonminer]

             https://youtu.be/9jK-NcRmVcw

[mladen00]

wake me up on ath

[billyjoeallen]

Coin



Explanation

Look at those walls, bulls. Market buy after market buy and the price is actually going Down.  Now's you chance to buy with minimum slippage. 

Bears are placing limit orders to minimize slippage.  That's what we have to do with the bid order book so thin.

[Fatman3001]

Walls at 450 on almost all the exchanges. I know I said I would never short again, but under these conditions, it seems logical to do so.

[Cconvert2G36]

Might not be a coincidence that the volume spike on Coinbase took place the day this went into effect?

https://blog.coinbase.com/2015/12/08/coinbase-exchange-introduces-volume-based-rebates/

Going from 0.25% to 0.1% taker fees doesn't seem like all that great of an incentive to do this?

[TERA]

It looks like a glitch.  How could that suddenly happen in such a tiny exchange without causing any volatility at all or affecting other exchanges.

[ChartBuddy]

Coin



Explanation

[TERA]

[JimboToronto]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

[gizmoh]

Coinbase HUGE volume?? very abnormal for "Coinbase", daily avg 5k a 7k???!

Coinbase is regulated and I think their reported volume is more likely to be accurate.  Volume like that may indicate a sea change.

This was a Bot ( most probably gone rogue ) but it was definitely not natural demand/ supply.

see 1 min chart for coinbase below

[peonminer]

[Fatman3001]

If someone spent millions of dollars putting up walls on 3 exchanges, that is a very expensive trap to set. Those walls are real. Price jumped last night, and people want to take profit.

Or the whales could intend to buy their own coins to get the price up and get the fomo rolling.

They have lots of coins to dump at an even greater profit.

I opened a short at 446, and I am glad I did.

Closed the short at 443. If it dips lower, I will start leveraging long again.
Don't you guys wish you were as cool as me?

nerves of steel

respect

[TReano]

mhh looks like we are topping out here at 450$...

let's see if it will be followed by a consolidation phase or a bigger retrace. 

My body is ready

[Bitfirm]

we're still trending up, so respect to those who have courage to short
The question here is are we going through 500 barrier or some sort of triple-top will form again