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

[ChartBuddy]

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Explanation

[Dotto]

crashy fishy cratacrashy...

trap closing or trap opening?

[ChartBuddy]

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Explanation

[Fatman3001]

crashy fishy cratacrashy...

trap closing or trap opening?

Would be pretty stupid to set off anything now, two days before the new year.

[johnyj]

Judging from trading volume, large Chinese whales tried to push up, but faced enormous resistance, I think they will start a new round of consolidation before the coins are more in firm hands

It is too easy to make a 50% profit in a couple of months, many mid-term speculators will just sell

[aztecminer]

Civil engineer: Hey, Boss. Traffic on the bridge is increasing by 50% per month. Shouldn't we widen it?

Bureaucrat: Ha! That bridge has excess capacity. If traffic gets too high, we'll just increase the tolls. Most of those schmucks don't really need to go anywhere anyway.

Civil engineer: Do we know that for sure? What if there is an evacuation or something?

Bureaucrat: That bridge was intentionally designed with low capacity to prevent invasions! Widening it would be a dangerous departure from historic bridge operations.

Civil Engineer: Aren't bridges supposed to be used to facilitate travel?

Bureaucrat: Yes, but only the right sort of travel. That's for me to decide! If traffic gets too heavy, and tolls get too expensive, the people can use buses. Too many single passenger cars anyway.

Civil engineer: Do you own a bus company?

Bureaucrat: Purely coincidental! I'm just guarding against bridgebuilder centralization.

Civil engineer: I see. No conflict of interest there. What's the name of your company anyway, Busstream?

Bureaucrat: Bridgestream_TM, Smartass.

whats more important to both those bozos is whether they can sanction people from using the bridge or buses altogether...

[aztecminer]

Blocks are consistently far from being full!

This is true. We still have some time. But the nature of exponential growth means we will hit it fairly soon and hard.

It will also start to be an issue before 100%. I'm not sure what the exact level would be but I'm thinking around 85%

It's already an issue. I'm finding myself telling newbies at Chaos Communication Congress about alternatives to Bitcoin because Bitcoin has "this problem".

EDIT: And I can tell by their faces they are reducing their planned investment about 10-fold at that moment.

people need to be informed. .. its not personal right ?? ... its just the facts.

[BlindMayorBitcorn]

Here's poetic justice for you. Most of the old-timers know this already, I guess. But:

Jeff Garzik registered bitcointalk.org and handed the keys over to Sirius.

heh, no.

Sirius is one of the first bitcoin users/developers besides Satoshi.

He is still occasionally logs into the forums, and I just transferred full control of bitcointalk.org domain over to him last week.

[ChartBuddy]

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Explanation

[adverbelly]

New year bitcoin price over 500$? what do you think?

[aztecminer]

jpm has accumulated 40million onces of silver in the last four years.. if silver is worth $100 oz then jpm profit is 30 billion dollars if their cost average is somewhere in the 20's....... jpm has zero bitcoins.. if bitcoin goes up to $500+ then jpm makes zero profit.

[aminorex]

Would be pretty stupid to set off anything now

Now there you go.  You've said something I agree with.

Like many others, I expect ongoing accumulation and an August dump.  What does that tell you?

[DeathAngel]

Bear trap before we move to break 450 imo.

[niktitan132]

Bear trap before we move to break 450 imo.

I'm with ya. Trap the bears then break their necks on the rise up.

[DeathAngel]

No worries.
500 soon.

I tried scratching your signature on my screen but it didn't work (joke)

But yes - 500 before Feb 2016.

[ChartBuddy]

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Explanation

[BlindMayorBitcorn]

No worries.
500 soon.

Bulltrap'y couple of days, back to 420(blaze it).

So yeah, attempt at 450 = failed, looking for the bottom now, 400 seems way too high, most likely 370 or something

Agreed.
450 was a glass ceiling, now comes for a more reasonnable price between 350 and 400.

Very speculation. Such opinions

[ingiltere]

People say under 400 and over 500 all the time but I think we won't see any big move until 2nd week of January. Let people make holiday, everybody needs that. I know money never sleeps but speculators need a rest sometimes.

[aztecminer]

No worries.
500 soon.

i'm not sure if the price in usd matters atm. the reason why is due to the usd not being a solid currency anymore. when the world stops accepting usd then a new usd will emerge that will be easily devalued... bitcoin could fit that role except that i do not believe the goal is to devalue bitcoin... what appears to be the goal of the US Marshall's pump was not only to make a profit, but to trick some of the traders to sell their coins at $300 .. and then pump to $400+ leaving those peeps with losses. their goal for bitcoin isn't to make sure billyjoe becomes a millionaire... in fact.. they would prefer billyjoe stays poor. they even gimped adam.. the number one bitcoin trader in wall observer thread. these guys are much worse than the gimprider punch raiders.

once we cross $500 i am well into profit zone... if we go up i am still going to hold my gimpcoins in cold storage.. i am keepin those for the death of the dollar... if we go down then i buy some more... if we go sideways forever i dont care cuz i got other ways make money ... " blablablabla..  i so far ahead ya'll i dont care what you all are ... blablablabla.. "  https://www.youtube.com/watch?v=KO_3Qgib6RQ

[r0ach]

There's one single guy on Bitfinex with like a 5 million dollar short trying to manipulate downward on that exchange.  He's probably going to get squeezed:

He was trying to paint the Bitfinex charts to make it look like a crash was going to happen so he wouldn't lose money.  Some hedge fund manager moron or something.  China refused to follow his downward manipulation on Finex because they have longs in at $420-430 and wouldn't budge off their $430 price for a long time.  Bitstamp + Coinbase began to diverge from Finex price and Stamp went all the way up to like $426 while Finex was still $421, so this guy's downward manipulation is probably a fail and he's going to get squeezed.

OKcoin + Huobi + Coinbase + Bitstamp all trying to go up while only Finex is being manipulated down due to some overleveraged hedge fund manager.