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

[Paashaas]

China is in big trouble, they will buy more coins.

http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust?fsrc=scn/fb/te/pe/ed/thecomingdebtbust

[Fakhoury]

China is in big trouble, they will buy more coins.

http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust?fsrc=scn/fb/te/pe/ed/thecomingdebtbust

All these news along with people losing trust in goverments and such will make us reach our goal quickly and ultimatly.

[AZwarel]

China is in big trouble, they will buy more coins.

http://www.economist.com/news/leaders/21698240-it-question-when-not-if-real-trouble-will-hit-china-coming-debt-bust?fsrc=scn/fb/te/pe/ed/thecomingdebtbust

"CHINA was right to turn on the credit taps to prop up growth after the global financial crisis."

Right at the first sentence, they fail :-D Love Keynesian/statism interventionist stupidity of mainstream economists.

Oh, other than that yeah, i agree. China will buy more coins!

[Fakhoury]

my charts are telling me 800's are coming.

Tell me my old friend, how many glasses of wine did you consume till now ?

When you will get stoned ?

Edit : If you don't mind, update the BitMovements please

[Fakhoury]

Another big trouble for China !!

http://www.zerohedge.com/news/2016-05-29/china-sends-yellen-another-warning-fixes-yuan-lowest-over-five-years

[JayJuanGee]

Maybe i am missing something?  I don't really see a problem there?

Definitely there is increased volume depicted, yet I believe that all that indicates is that for the time being there is a little bit of a price battle going on, but gosh psychology is definitely on the side of the bulls, no?

I mean, it is going to be somewhat difficult for bears or shills to attempt to convince us  (even the most naive of us) that bitcoin is ded or dying, no?  

[zimmah]

market is bullish cant argue with that 

it will take 5 years to reach $500, we're only at $450 now

kappa.

[JayJuanGee]

Hahahahaha


That will be interesting to see how that plays out for the Ethereum folks...

You know I have no problem with Ethereum adding value to the crypto space; however, it can be a little bit irritating for some subsects of the ETH space that attempt to engage in passive aggressive competition with bitcoin.. and little sly assessments and approaches to denigrate bitcoin.. while overhyping what it is that the scammy vapor (ahead of its time) that they are offering.

I WAS ok with the idea of ethereum, well, as an interesting concept, and idea (and not a "bitcoin 2.0 currency as the main goal for the g0ldz"). But.
That ended after the "IPO" of the first ether batch sale (sale? more like give us your bitcoins for this would be, thing) - premined presaled of an obvious speculator scamcoin 16000% return in 3-6 months bullshit -, with arbitrary, non defined, "will see in the future" monetary policy (?), like, what are the consensus rules are for new coins?

Bitcoin had a fixed, well known, open, obvious  - still unchanged - monetary policy on day 1 - should i say day 0? Oh, Genesis block it is
Than this PoS ethereum mutation idea, with a combined premine and presale before it is known?? So not cool.

THAN it started this "bitcoin 2.0, so smart contract, much DAO*".

* yeey, we can make companies without state provisioned governance, which is a great concept, but without any social precedent or theory behind it how it actually will solve: clear business plans, or expertise, and/or accountable management goals and/or actual PEOPLE who grab that fukin' hammer and hit nails, but that is okay, because... we can always opt out our DAO-ether for bitcoin  (except if we actually participate in a vote with YES/NO, cause than we are fucked)!"

The interesting parts will be available in bitcoin as well on any sidechains/LN solution in a few years, when the market in REAL LIFE actually want to start micro transactions to turn on water heaters for airbnb style renting.
 
This whole shared computing (other than unnecessary and technically unfeasible in scale btw..) and DAO concept is waaaay premature/unnecessary, like a baby born on -46 months. IT can not fix some physical problems like: how to network secure properly a guy digging a hole, and fixing that plumbing toilet waste. Oracle/Ghost that

TLDR; so even if the automated application running environment fueled by the token of ether provided by it's network in theory is nice, and interesting, it mutated into a wannabe bitcoin, without any of the elegant simplicity and scalability - by adding additional layers on it - of the Bitcoin network.

It would be difficult to disagree with any of that.             Bitcoin to the moon, and by the way, I do remain somewhat surprised that ETH has not fallen like a rock yet... so there may still be some more pump left in it (ETH that is), but anyhow, it seems that the propagandists behind the ETH futuristic better than bitcoin vapor can only hold up such an image for so long before people get wise to it and begin to wonder where their return is, beyond the mere hype of it all.

[yefi]

Apparently there'll be an auction on 20th June for around 24,000BTC that were seized by Australian authorities.

[Ibian]

Maybe i am missing something?  I don't really see a problem there?

Definitely there is increased volume depicted, yet I believe that all that indicates is that for the time being there is a little bit of a price battle going on, but gosh psychology is definitely on the side of the bulls, no?

I mean, it is going to be somewhat difficult for bears or shills to attempt to convince us  (even the most naive of us) that bitcoin is ded or dying, no?  

Clearly the price going up is a sign that it will crash to new lows.

[adamstgBit]

Maybe i am missing something?  I don't really see a problem there?

problem is 400's is history.  

[adamstgBit]

i think 500 is easily sustainably we could probably go straight to 800 and 800 would stick! poeple want their coins, some lose their coins, the reward drops! and then there's not enough coins to go around.....

[JimboToronto]

Im bearthinking rite now...

Bearthinking? Isn't that an oxymoron?

[adamstgBit]

It feels toppish, I won´t sell, anyhow

market isn't looking/acting toppy if you ask me... impressive volume on those pull backs, and we just keep on heading north.

it'll be fun to see 666$ again 

that might feel toppy...

[JayJuanGee]

It feels toppish, I won´t sell, anyhow

market isn't looking/acting toppy if you ask me... impressive volume on those pull backs, and we just keep on heading north.

it'll be fun to see 666$ again 

that might feel toppy...

$666 might feel evil in a good way...

[adamstgBit]

It feels toppish, I won´t sell, anyhow

market isn't looking/acting toppy if you ask me... impressive volume on those pull backs, and we just keep on heading north.

it'll be fun to see 666$ again  

that might feel toppy...

$666 might feel evil in a good way...

666$ / BTC

[marcus_of_augustus]

Bearstamp bot has totally rekt their trading engine ... price jumping between 456 and 522 lol!Q!!

get out of there, looks busted

[DaRude]

Bearstamp bot has totally rekt their trading engine ... price jumping between 456 and 522 lol!Q!!

get out of there, looks busted

I don't believe that stamp is manipulating the market by selling tons of coins that they don't have. Their daily volume is into BTC10k (finex is BTC50k) it's just a shadow of itself, low volume so not many people keep $ on it, and it's much easier to transfer BTC in there for sale then get $ in

[marcus_of_augustus]

Bearstamp bot has totally rekt their trading engine ... price jumping between 456 and 522 lol!Q!!

get out of there, looks busted

I don't believe that stamp is manipulating the market by selling tons of coins that they don't have. Their daily volume is into BTC10k (finex is BTC50k) it's just a shadow of itself, low volume so not many people keep $ on it, and it's much easier to transfer BTC in there for sale then get $ in

who knows wtf going on there ... but they are selling someone's coins at 20% below market at regular intervals, place looks rekt

[Elwar]

Looks like we've lost the price point. This will be a roller coaster until we reach $666 or $450/$420.

Hopefully we just hit $666 long enough for some rocket fueling stability.