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

[JayJuanGee]

2016-01-27     07:00 PM GMT   Fed Interest Rate Decision - Most Likely 0.5%



Bitcoin primed and ready for action:

I do, sometimes, recognize some value in showing various performances of alt coins, because there can be some connection with pumping and dumping... because bitcoin is frequently used as a means for quickly transferring value between coins...


We can contrast meaningful discussions of alts and their relationship with bitcoin to some of those scammer posts that merely come into the bitcoin thread for publicity and to pump their coin.. and even at the same time unreasonably and without justification denigrating bitcoin in order to prompt folks to put some money into their alt...

[JayJuanGee]

if it reaches $1000 i will dump 150btc, call it a day and do something else with my life. even if it reaches the sun later, no regrets. ive tried enough

Many people will dump around $1000. That is psychological resistance. See the dumps of 27/11 - 28/11 2013.

It's rather logical. That's why I always put my orders a few dollars before the too round numbers xD

That is why dumps also occur at prices like 950$, 1050$, 1040$. 

Yeah xD

And that is why you've got to find the real dumping price and get few cents before/after ^^

Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...

But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.

Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..

[ChartBuddy]

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Explanation

[BlindMayorBitcorn]

luke-jr -1 points 1 day ago
The modern "Israel" is, like all other modern governments, merely a tool of Satan's

Dafuq?!

[aztecminer]

if it reaches $1000 i will dump 150btc, call it a day and do something else with my life. even if it reaches the sun later, no regrets. ive tried enough

Many people will dump around $1000. That is psychological resistance. See the dumps of 27/11 - 28/11 2013.

It's rather logical. That's why I always put my orders a few dollars before the too round numbers xD

That is why dumps also occur at prices like 950$, 1050$, 1040$. 

Yeah xD

And that is why you've got to find the real dumping price and get few cents before/after ^^

Sure, some of you goofballs are going to be attempting to time the market, and believe that you are making a killing when you dump all your coins at $949.83...

But, the smarter ones are going to ride out some of the waves and make sure that they are hanging onto some coins.

Playing all or nothing remains a very risky proposition... surely sometimes you can make out real well, but it is not a very good longer term strategy.. especially regarding bitcoin and its various unexpected exploding outbursts..

problem: bitcoin cannot scale..... that means it is bitcoin that is the risk..... as it stands we were told mid february XT would fork us into scale.... thats not happening... the talk is GIMP ... the truth of the matter is bitcoin has a very serious flaw.. it cannot scale.. therefore.. it cannot be used as a currency.......... meanwhile we are preping for the inevitable reset: http://plata.com.mx/Mplata/articulos/articlesFilt.asp?fiidarticulo=281

Nor do we know at what price, in dollars, the price will be set, or how it will be set. However, given the truly astronomic amounts of debt in existence, a very high price will be necessary to "liquefy" i.e. make payable remaining debt, whatever the amount remaining after the purge which is now in process. The very high price of gold will mean that all debt instruments will be subject to large losses in terms of gold value. The revaluation of gold will reduce the weight of the present debt overhang upon the world.

[Fatman3001]

luke-jr -1 points 1 day ago
The modern "Israel" is, like all other modern governments, merely a tool of Satan's

Dafuq?!

Sure nice to know Bitcoin is in good hands.

[Hyperjacked]

Massive pumps in tons of alts. Doge +76%. Some others less known +117%. Someone has a theory to explain this move?.

This doge is soo shortable that im tempted...

killing bitcoins pushing altcoins up and then when btc price is half down it is now, buying a lot of btc and then killing the altcoins again. its just a profitability issue for whales

I don't see any issues with profitability from my vantage point! Of course I will pumping the profits into projects with real business models...

Like I tweeted @ohyperjacked the other day...the alt bull market is coming!


Disclaimer: Buckle up its gonna be a bumpy ride

[peonminer]

2016-01-27     07:00 PM GMT   Fed Interest Rate Decision - Most Likely 0.5%



Bitcoin primed and ready for action:

Called that ETH short like a boss!



Now, will Bitcorn follow the priming with some evolution??

[aztecminer]

2016-01-27     07:00 PM GMT   Fed Interest Rate Decision - Most Likely 0.5%


Bitcoin primed and ready for action:


Called that ETH short like a boss!



Now, will Bitcorn follow the priming with some evolution??

did u hear that everybody ?? the BOSS is in the thread.

[ChartBuddy]

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Explanation

[bargainbin]

Poll: Luke Jr: Trolling or not?

https://www.reddit.com/r/Bitcoin/comments/42svg3/planning_bitcoin_ljr_012/

[BlindMayorBitcorn]

luke-jr -1 points 1 day ago
The modern "Israel" is, like all other modern governments, merely a tool of Satan's

Dafuq?!

Sure nice to know Bitcoin is in good hands.

He shouldn’t be allowed to talk to people.

[Fatman3001]

luke-jr -1 points 1 day ago
The modern "Israel" is, like all other modern governments, merely a tool of Satan's

Dafuq?!

Sure nice to know Bitcoin is in good hands.

He shouldn’t be allowed to talk to people.

I don't think he is. But he's a bad ass renegade!!!

Poll: Luke Jr: Trolling or not?

https://www.reddit.com/r/Bitcoin/comments/42svg3/planning_bitcoin_ljr_012/

Nope, he's a nutter.

[peonminer]

http://s22.postimg.org/bzqdk43rj/Blockchain_Debate_Info_Graphic.png

source:

Feel out of the loop? Made an infographic about what's been happening in the Blocksize Debate. (imgur.com)
submitted 18 hours ago by Cryptoconomy
https://www.reddit.com/r/Bitcoin/

[JayJuanGee]

if the recent dev who quit bitcoins and has dumped all his coins is behind this, i *may* have an idea about the strategy he is using. let me breakdown (its still just speculations)

since he has sold all his btc he has liquidity, plus he is now on the banking side. which means he may or may not use his insider knowledge to push bitcoins down to the drain (as bankers have always been trying to do)

so what he *might* have proposed to the bank is the only way to make people less attracted to bitcoins is by pulling its price down, how to pull it down is by pushing altcoins up. pushing altcoins up will make people more interrested in altcoins than in bitcoins thus dropping its price stability (more or less stability it was having at $400+)

then when bitcoin price is totally at a point people wont be interrested in and altcoins price have risen over bitcoin price, they *might (if they did buy) * just flush all the altcoins down the drain and that would be more or less the end of the cryptocurrency era until something else happens which makes it resist.

possible people who will be profitable with this scenario is the dev who is now working with the banks and the banks since they will buy very low and sell very high.

well of course i may not have enough knowledge about cryptocurrency to be exact in my claims but if we speak about "finance" this is how its running in my mind for a possible explanation about whats happening.

there is also the fear that btc will go below $380 in the mind of people. if btc doesnt stabilise at $400+
i myself will start panicking since i recently (few months ago) bought a lot at $221 and $238

now if its at $380 i will still be 100$+ profitable over each btc i have but speaking about finance and profitability, for me its a $25 loss that i will be looking at. and i will start dumping with the crowd who will most probably be doing the same at $380.

You are coming off as a bit over invested.

In that regard, it seems that you should play a little bit less "all or nothing," and sell a little bit now, so you don't get so emotional about whatever is the short term price direction(s) of BTC.  Ultimately, you are the one who needs to make those kinds of calls, and seems better to stagger your bets a bit more.. but on the other hand, if you enjoy living with such stress (and possible excitement), then that's your prerogative.

[bitebits]

With this temporary general altcoin pump, I am wondering how it is funded. Are there any statistics showing the volume conversion fiat -> altcoin and bitcoin -> altcoin?

At http://coincap.io/ the Dominance Index is 89%. As far as I remember the altcoin market cap has always been ~10%, which would suggest that this altcoin pump is mainly funded with bitcoins?

[ChartBuddy]

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Explanation

[nor9865]

any idea where i can sell 40btc at preev price?

transfer to me should be by bank transfer.

also, i agree with a statement made up the post. i am going to sell 40btc and keep 150btc. i do have a feeling that it might go up but i have to save my ass from getting burned too much of what i can afford to.

[peonminer]

www.Circle.com or www.Coinbase.com are easy solutions with minimal to no fees. You can also use www.LocalBitcoins.com for a swift cash deposit at an above preev price. Nor, do you mind me asking what your average buy price is for your stockpile? Pure curiosity.

[AlexGR]

With this temporary general altcoin pump, I am wondering how it is funded.

I have a theory but it's just that: a theory.

I've been thinking about post-fork situations. Let's say a classic fork succeeds and there are large btc holders who do NOT want to dump BTCClassics for fiat, in order to buy more BTCs (core). In that case the only "avenue" to avoid fiat regulations is through altcoins: BTCC => altcoin => BTC.

Altcoins can serve as an effective dumping mechanism. Even a guy like satoshi could dump his 1mn coin stash in BTCC by buying 5-10 alts, and then buying BTCs. With fiat he would have to pass through some type of verification though.

This kind of demand, in such a scenario, would lead to explosive alt prices - even for a while, so being positioned in alts might pay off. On the other hand it could be some major whales feeling the need to diversify a bit. But that wouldn't drive prices up like that. This is pump'ish.