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

[MinermanNC]

For real though, BTC will have to do better than this to maintain the status quo at halving time..... which I think it will at this point, maybe 700-800 ish would work lol time is running short

[JimboToronto]

Meanwhile, the CAD price is currently $792 according to Bitcoinaverage.

We're getting excruciatingly close to $800 per coin. That's more than I ever paid, even during the first dip from the ATH.

Holding firmly and accumulating during the dips are the best things I ever did.

[MinermanNC]

Meanwhile, the CAD price is currently $792 according to Bitcoinaverage.

We're getting excruciatingly close to $800 per coin. That's more than I ever paid, even during the first dip from the ATH.

Holding firmly and buying the dips are the best things I ever did.

Nice, your definitely in the Black with btc,    When we came off of the 1000+ days and eventually fell to 600's I felt" well I can live with this... all things considered.... now here we are again at that price 2.5 years later or so lol.... but btc takes a whole lot more of power to hash then it used to, in that regard

[JimboToronto]

Here we go again. A new high for the year.

[JimboToronto]

btc takes a whole lot more of power to hash then it used to

Ain't that the truth. I'm thinking of getting my first-gen BFL ASIC miner bronzed like a pair of baby shoes.

[Paashaas]

Wow $619 per coin now i'm speechless, shocked, happy, exited!

[Jos-T]

$4.8MM in new longs on finex over last 24hrs   that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

[Ibian]

$4.8MM in new longs on finex over last 24hrs   that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Supply and demand.

[MinermanNC]

$4.8MM in new longs on finex over last 24hrs   that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Alts, lol... Possible some are ditching their altcoins to reinvest in btc in anticipation of the halving, (not wanting to risk missing out should btc soar) and most of us hope and believe btc will rise as we get closer to July... I mean, for example, why sit on a ton of Eth, when you feel btc will rise significantly...  (Eth always drops as btc goes up...) so it seems.

[Jos-T]

$4.8MM in new longs on finex over last 24hrs   that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Alts, lol... Possible some are ditching their altcoins to reinvest in btc in anticipation of the halving, (not wanting to risk missing out should btc soar) and most of us hope and believe btc will rise as we get closer to July... I mean, for example, why sit on a ton of Eth, when you feel btc will rise significantly...  (Eth always drops as btc goes up...) so it seems.

I mean the spikes in longs (USD denominated) only on Bitfinex...
Often millions of dollars in longs get opened, without the volume in BTC/USD markets to support it. The only way I can see this happening is if the numbers point for all borrowed USD's across all markets.

Could that be the case?

[MinermanNC]

$4.8MM in new longs on finex over last 24hrs   that's the only thing that can stop us $35MM long squeeze

Down to under $32MM again though, even though I can't imagine traders have ditched $3MM again in that short time with that volume.
These strange spikes seem to happen more often. Any idea what might be causing them?

Alts, lol... Possible some are ditching their altcoins to reinvest in btc in anticipation of the halving, (not wanting to risk missing out should btc soar) and most of us hope and believe btc will rise as we get closer to July... I mean, for example, why sit on a ton of Eth, when you feel btc will rise significantly...  (Eth always drops as btc goes up...) so it seems.

I mean the spikes in longs (USD denominated) only on Bitfinex...
Often millions of dollars in longs get opened, without the volume in BTC/USD markets to support it. The only way I can see this happening is if the numbers point for all borrowed USD's across all markets.

Could that be the case?

I see, that's a good point... it has been strange the last few weeks, but for the good!

[PoolMinor]

Just a quick squeeze before the next hike.

[WhatsBitcoin]

I find myself in the unenviable position of not having purchased enough of these so-called bit coins. Who knew?

I mean really!

[MinermanNC]

btc takes a whole lot more of power to hash then it used to

Ain't that the truth. I'm thinking of getting my first-gen BFL ASIC miner bronzed like a pair of baby shoes.

LOL ya really, Ah yes good old BFL what was it a 5 gh/s Jalapeno  

I had pre ordered 18 gh/s  (boards only with chips) from TerraHash....  if anyone remembers them? what a nightmare..... all for only $2,500 lol

Nice to reminisce at times like this lol

[JimboToronto]

Wow. Seems every time I check, we've just set a new high. Now we're over $630.
____

@ MinermanNC:

No, it's 30GH. Somewhat noisy but it served as a nice space heater during cold months after it was already obsolete. Earned me a few million extra satoshis. It did earn enough in the first couple of months I had it to more than pay for itself, which is more than most BFL users can say.

[spooderman]

someone post that picture of leonardo dicaprio in a suit with a glass of champagne please.

[MinermanNC]

Woot! 626 Ill take it!  

Maybe "orpington" was right in his post earlier about a pit stop coming at 666 lol then all clear lol

[PoolMinor]

someone post that picture of leonardo dicaprio in a suit with a glass of champagne please.

http://lmgtfy.com/?q=leonardo+dicaprio+in+a+suit+with+a+glass+of+champagne&l=1


Take your pic(k).

[Paashaas]

someone post that picture of leonardo dicaprio in a suit with a glass of champagne please.

Bitcoin is now $630 and still rising 
Cheers!

[WhatsBitcoin]

Woot! 626 Ill take it!  

Maybe "orpington" was right in his post earlier about a pit stop coming at 666 lol then all clear lol

Something evil's afoot, that's clear as day. Where are all the trolls? What happened to Stolfi? Spooky this!