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

[inca]

Why is the bid side so empty on finex? 4000 coins to drop 70 dollars???

[glorywhole]

Gentlemen, start your engines! 

And let's be careful out there.

https://s32.postimg.org/gjf1otlqt/kama.gif

[ThisIsMeLOL]

Why is the bid side so empty on finex? 4000 coins to drop 70 dollars???

they doesnt have money haha

[JimboToronto]

Oh look. It's a new 2-year high. 

[leowonderful]

Oh look. It's a new 2-year high.  

If we're lucky, we might reach an all time high in the next few months, but not now. If it ends at 820 I wouldn't be surprised... sold 1/8 of my coldwallet. 2safe5me, but looks like my holding paid off.
No 777 memes? Bring it.

[doc12]

Oh yeah like I expected ... Shitterium is going down the drain and bitcoin is firing up rockets. 

[LFC_Bitcoin]

Oh yeah like I expected ... Shitterium is going down the drain and bitcoin is firing up rockets. 

The only people who make big money in these shitcoin campaigns are the developers & tech guys at the source of the project.

People should just stick with bitcoin & HODL it out.

[noobtrader]

Oh look. It's a new 2-year high.  

777  

[JayJuanGee]

I am scaled back to 1/3: btc and 2/3 cash in my trading stash. Expect the price to moon as a consequence. Thank me later.

Wow... on the latest correction from $778 to $707, I stocked up, and I reallocated from about 90% to about 94% BTC.

I guess each of us have our practices.  I think by mid $800s, I may go back down to 90%, because even though I am fairly optimistic, I am not sure whether we can make it through mid $800s without a major correction...

But if we make it through mid $800s... then you are going to be buying a lot higher in order to catch that stage of the rocket.

[JimboToronto]

No 777 memes? Bring it.

Maybe an NLC-style Wile E. Coyote GIF with  $780 ledge would be more appropriate.  

[600watt]

Oh yeah like I expected ... Shitterium is going down the drain and bitcoin is firing up rockets. 

The only people who make big money in these shitcoin campaigns are the developers & tech guys at the source of the project.

People should just stick with bitcoin & HODL it out.

true. please copy that post to all the threads.

[glorywhole]

Oh yeah like I expected ... Shitterium is going down the drain and bitcoin is firing up rockets. 

The only people who make big money in these shitcoin campaigns are the developers & tech guys at the source of the project.

People should just stick with bitcoin & HODL it out.

To be fair, anyone who kept current on the news could have made out like a bandit.
Because trading tip: don't invest in:
https://s32.postimg.org/75wcgujhh/bombsaway.gif
'coz just not smart.

Such seat-of-your-pants, common sense approach can't be (currently) used with BTC; got to be friends with the right people

[yefi]

Interesting, i watch ethbtc and finex btcusd and the wall movements are mirroring each other. When on crushes, the other pumps, and vica versa. Like clockwork.

A lot of BTC's volume right now is due to the pricking of ETH's bubble.

[Torque]

Interesting, i watch ethbtc and finex btcusd and the wall movements are mirroring each other. When on crushes, the other pumps, and vica versa. Like clockwork.

A lot of BTC's volume right now is due to the pricking of ETH's bubble.

So Bitcoin's rocket engines are being fueled by ETH/DAO tears?  

[doc12]

Interesting, i watch ethbtc and finex btcusd and the wall movements are mirroring each other. When on crushes, the other pumps, and vica versa. Like clockwork.

A lot of BTC's volume right now is due to the pricking of ETH's bubble.

So Bitcoin's rocket engines are being fueled by ETH/DAO tears?  

https://www.youtube.com/watch?v=A8MO7fkZc5o 

[glorywhole]

Interesting, i watch ethbtc and finex btcusd and the wall movements are mirroring each other. When on crushes, the other pumps, and vica versa. Like clockwork.

A lot of BTC's volume right now is due to the pricking of ETH's bubble.

Yup. And also this:

https://s31.postimg.org/kr4xy6fvf/Capture.jpg

[TheOtherDude]

So, everyone is speculating on what is going on. Where the price comes from.
And with all the stuff mentioned here, I have never seen this info coming together. You want to buy a rumor? Buy into this:

Venezuelas inflation rate
http://www.tradingeconomics.com/venezuela/inflation-cpi

Venezuelas interest in bitcoin
https://www.google.com/trends/explore#q=bitcoin&geo=VE

This, while retaining a search volume index of 27.

China on the other hand has a search volume index of 8, while moving on a similar interest level like the one during the 2013 rise.

Now think again on what is happening. It's just too sad that the lightning network isn't here already. If it had been, venezuelas economy would bleed off into bitcoin in no time. At least a part.

https://www.google.de/?gfe_rd=cr&ei=JYBlV9zaLoGq-wb896GwDA#q=venezuela+gross+domestic+product
443 Billion gross domestic product. If only ten percent of that move into bitcoin, the price will quadruple at least.

So, if that thing is actually implemented and working this summer, Bitcoin will be able to do what it was meant to do. It will be a form of reserve currency and black market money. With the difference, that it is a lot more convenient than the usual suspects gold and cigarettes or whatever.
And if it will not be this moment, another will come and by then the transaction problems will be solved. Longterm bitcoin outlook: phenomal as always.
Venezuela just proofs the whole idea. Now that people know of it, the takeover can start as soon as an economy starts to collapse.

[RGR991]

Woke up to a price $40 higher then I went to sleep.

Good job boys, lets go to $800+ today  

[AlexGR]

Now think again on what is happening. It's just too sad that the lightning network isn't here already. If it had been, venezuelas economy would bleed off into bitcoin in no time. At least a part.

It wouldn't, because people don't have tons of USD to spend buying bitcoins.

[TheOtherDude]

Now think again on what is happening. It's just too sad that the lightning network isn't here already. If it had been, venezuelas economy would bleed off into bitcoin in no time. At least a part.

It wouldn't, because people don't have tons of USD to spend buying bitcoins.

Nevertheless it creates an interest. And I didn't say the whole economy moves over. It doesn't have to anyway. 10% Gross domestic product. 443B Dollar. There is value being created and circulating. You can offer services for bitcoin. I assume a lot of dudes there doing online business and any form of self directed creative work already do. Other people have commodities. And a currency with currently almost 500% inflation rate per year (the figures in the original post only go to dec 2015) doesn't cut it for almost anything. It's getting significantly less valuable if you don't spend it directly. Even bitcoins worst drop from 1200 to 200 is only as bad as that inflation rate. And now it is worth more again. So, whomever can get their hands on bitcoins down there will do so.