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

[r0ach]

Someone is trying very hard to suppress price w/ giant 650 coin wall @ 497 on Stamp

Does it get eaten? Pulled?

Either we have lots of shills trying to stop rise on Bitstamp, or Bitstamp itself is trying to stop rise.  Bitstamp lost $5 million in coins when the price was $200, then it went up to $500 right after.  If Bitstamp had not bought back those coins yet, that means they would then owe $10 million to customers.  Is Bitstamp trying to stop the rise so they have to pay back less money to customers?

[Patel]

I'm selling nothing.

I'll ride this baby back down to the 430's, but there's no way I am missing the potential ride up.

[SheHadMANHands]

 

[smracer]

How long can the shorts hold out before they cover?

[AirFlame]

Well it seems its going too fast up, as before it will happen again it will be deep splash underwater soon.

Burn the disbeliever!

Well i believe bitcoin some day will be used as master card or paypal but... Not today and not with so fast grow like this. Check bitstamp, bitfinex, and Huobi price differences. Its going too fast up even markets cant keep up someone just pushing the price up. And as i said before there will be a huge drop after we hit 600/650

[JimboToronto]

Holy moley. Just got back from the ballpark to see we've moved another leg up.

My condolences to anyone who sold in the past week.

[becoin]

Beautiful! Panic buying and selling at its best. Caused by fear and... more fear! I think one of the major exchanges will go belly up.

[Assmaster2000]

Some breakout that!

Yeah, disappointing. That double-top's a real bear to break

[lemmyK]

Someone is trying very hard to suppress price w/ giant 650 coin wall @ 497 on Stamp

Does it get eaten? Pulled?

Either we have lots of shills trying to stop rise on Bitstamp, or Bitstamp itself is trying to stop rise.  Bitstamp lost $5 million in coins when the price was $200, then it went up to $500 right after.  If Bitstamp had not bought back those coins yet, that means they would then owe $10 million to customers.  Is Bitstamp trying to stop the rise so they have to pay back less money to customers?

yes..

[r0ach]

$500 is locked in now, so not much downside exists anymore at current price.

[soullyG]

Weeeeeeee, I love the taste of bear tears in the morning  

[JayJuanGee]

Right, I forgot. 'Over the top, almost comical expression of antisemitism' is something else one needs to be able to deal with on this forum.

I don't understand why there isn't a global policy of involuntary euthanasia for nazis. Seems like a no-brainer.

Sometimes I login and think I've gone to the Daily Stormer by mistake. I blame the moderators. If foaming at the mouth racist rants don't count as trolling, then fuck me sideways.

Do you report posts that concern you, or are you just waiting for someone else to do it?  or for moderators to figure it out themselves?

[podyx]

To be honest I think we'll visit 490's again, it is a bit too fast so early

[Tzupy]

Market leader Huobi is going to run out of steam...

[r0ach]

Market leader Huobi is going to run out of steam...

Except you're a known shill and every single one of your posts claims the price will "crash any second"

Here's one of your last useless HERP DE DER posts.  Looks like that May 24th prediction didn't work out too well huh, shill?

The evolution of the bid sum on various exchanges does not support a bullish scenario.

[jbreher]

Very strong spam attack ...

Or perhaps a bunch of FOMO-stricken noobs trying to get in for the first time, only to be rebuffed due to lack of capacity. Maybe never to try again.

We'll never know which.

[cmacwiz]

To be honest I think we'll visit 490's again, it is a bit too fast so early

I hope so, I need to get me a couple more sub $500 coins. Just getting the first paycheck of a new job, waiting for it to be available

[Tzupy]

Market leader Huobi is going to run out of steam...

Except you're a known shill and every single one of your posts claims the price will "crash any second"

Here's one of your last useless HERP DE DER posts.  Looks like that May 24th prediction didn't work out too well huh, shill?

The evolution of the bid sum on various exchanges does not support a bullish scenario.

The cockroach ate most of my post, so here it is whole. The current 50$ or more difference between Huobi and western exchanges is reflected in it.

The evolution of the bid sum on various exchanges does not support a bullish scenario. Compared with December with a top of 475$, the bids are now much lower on
western exchanges, down to 50% on Bitstamp. On Huobi, I suspect a whale / miner bullish manipulation: some 30 - 40 million CNY have been added to the bids during the
last month, but without a real intent on buying, or we would be over 500$ already. Those bids have been pulled every time a minor dump occurred.
Daily MACD has crossed to negative on Bitfinex and Bitstamp, but not on Chinese exchanges yet. So IMO the market  is vulnerable to bad news, especially from China.
A possible bad news could be the auctioning of the 202k BTC during the MtGox distribution, which could be announced tomorrow (or not, distribution by BTC would be bullish).
If the auction(s) will take place, this could trigger 2 tests of the bottom support, one on the announcement, the other on the auction. After the distribution by fiat
I would expect a rally, fueled by FOMO buying with the newly available funds.

PS. Found a scenario that is in line with my expectations.
https://www.tradingview.com/chart/BTCUSD/bRHCR1I2-Bitcoin-The-End-of-an-Era/


And my next post, before he pump was:

The Chinese pumpers are about to invalidate my scenario (short term bearish, medium term bullish), and may give RyNinDaCleM's scenario the first row.
In such case, here is how I would expect this to happen, a bit slower if the current timings are to continue:

[JayJuanGee]

Come, try to FUD bitcoin.

Hahahahaha


I like this one...



Remember the one of the panda pushing over the computer..?  too...   I tried to find it but couldn't

 

I am on windows 8.1  When I R click the gif I get the option "search google for image".

There I found the gif you are looking for.

Ok... thanks.. now I got it.... Your response inspired me to change my default search to Google.. which now gives me the option to properly search images.. I had that function before but then my search engine had changed, but I have now changed it back.

[jbreher]

Coinbase is insured against theft and electronic compromise in an amount that exceeds the average value of online bitcoin it holds at any given time. Specifically, Coinbase's insurance policy would respond in the event that bitcoin stored in Coinbase was lost or stolen as a result of a breach of our physical security, cyber security, or as a result of employee theft.

Coinbase has held this insurance since November 2013 with highly rated carriers (S&P rating of A+ or A.M. Best Rating of A XV or higher).

This insurance policy does not cover damages resulting from a specific user's loss, such as the losses resulting from a compromise of the customer login credentials. Coinbase's insurance also contains standard policy exclusions (e.x. force majeure). Should information regarding this coverage materially change, we’ll update this and other relevant pages in a timely manner.

As we know riots and strikes are included in the standard force majeure clause. Can a dramatic rise of bitcoin price be interpreted as a riot against government fiat money? Or the choice to use only bitcoin instead of fiat be interpreted as a strike?

That is an interesting thought. It's a stretch, but TPTB will make any stretch to cover their asses. (e.g., Not that long ago, the doctrine of 'crime of money laundering' did not even exist.)

How is Coinbase insuring customer bitcoins? Is it by FDIC? Who are the underwriters?

I don't know who the underwriters are specifically, but one might be able to learn by trawling though insurance companies' annual reports - listed as a potential risk. I'm pretty certain however that it is not FDIC. They only ensure fiat, 'cause they can get it printed to cover systemic losses.