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

[JayJuanGee]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?

BjA has a one track mind.   or others may call it an unrelenting focus.   

[JayJuanGee]

It just occurred to me that @$456, assuming miners are on average selling all their coins, the market has to absorb $1.6 million in sales just to stay at the same price.  You gotta wonder how long bulls can keep that up, considering we're going to run out of room in blocks in the next couple of months at this rate.

Are you completely obvlious to the fact that we were above that price for a year, even in a bearmarket?

No, I suspect it was a major part of the reason we were in a bear market, actually are still in a bear market at less than 50% of the ATH.  

Seems a fair conclusion that we have transitioned out of a bear mark maybe sometime after crossing $350  - even though we did experience a retrace of BTC prices that hovered mostly in the $320 arena for nearly two weeks... but once prices could not be driven below $320 in any meaningful and sustained way, that $320 resistance seemed to confirm that the transition out of the bear market ad been completed...

Will we return to a bear market any time in the near future? Well that's another story.....

For the time being, BTC engines surely do seemed revved towards going upwardly.

Currently, I'm thinking that we are not going to see sub $350 no more, but... i've kind of lost some of my swagger.. because of my being wrong so many times in the past.

[JayJuanGee]

By the way, the current pump, looks kind of nice, from my angle.

[JimboToronto]

Yee haw. Finally some movement.

[peonminer]

[ChartBuddy]

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Explanation

[Cconvert2G36]

Longs down almost $4 mil on finex over the last couple days, lookin' good.

[ChartBuddy]

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Explanation

[600watt]

any issues with huobi or is it btcwisdom?

[spooderman]

sorry BJA, i've had enough

and wow, the nostalgia tonight folks  

i too miss proudhon, that was a higher caliber of troll all together.

what about the legendary jaroslaw? he was BJA, except instead of scaleability-trolling, it was MtGox is fucked-trolling.

remember his "USD cannons"?

where's old FUDder jorge got to recently btw?

[luckygenough56]

Guys...Critical

[suda123]

Gox was such a fun place to trade because pretty much the whole market was there. So much liquidity and you really only had to follow one chart. Little did we know a certain Frenchman was blowing our deposits on $50,000 beds, geisha girls and fancy coffees.

So lucky to get out of there just before the door slammed shut for good.

Of course I got out because I was paying attention. Something was fishy. That's why I'm paying attention to the blocksize controversy now. 

why what's with the blocksizs controversy?

[ChartBuddy]

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Explanation

[Fatman3001]

Well, that was fun?

[WeltMaster]

Woah, finex just shat itself on the launchpad

[BlindMayorBitcorn]

Well, that was fun?

Did it actually happen?

[Fatman3001]

Well, that was fun?

Did it actually happen?

It's a mystery, wrapped in an enigma, wrapped in a riddle.

But a quick look at my stash calculated to USD: Yes.

[r0ach]

Looks like some random idiot accidentally hit the wrong button somewhere.

[everaja]

Today price is hiking , 472+ and Up , from past 3 minutes the price is not getting lower than 472 , hope we gonna have a Xmas surprise.

[kehtolo]

Looks like some random idiot accidentally hit the wrong button somewhere.

God bless all the random idiots, for they give us entertainment...