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

[BlindMayorBitcorn]

Dark humour. Some people just can't see it.

[glendall]

Market just isn't too enthusiastic today.

A lot of good news IMHO in the last little while. Today there was that positive news re Paypal finally warming up to bitcoin. The DAO not-hack and ETH dive I thought would translate into more folks shifting to coins to BTC but..  fack. Sub <600.  Sigh.  Really hope this is the bottom in the near term but nobody much is in the mood to buy, everyone seems to be waiting for an ever-better re-entry point.

Ah so it goes, bitcoin.

[jojo69]

[savetherainforest]

Don't worry .. its just scared chinese.

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 17 more days!

Reward drop ETA: Sat, 9 Jul 2016 23:04:50 GMT

[savetherainforest]

Bitcoin Block Reward Halving Countdown:
Only 17 more days!

Reward drop ETA: Sat, 9 Jul 2016 23:04:50 GMT

This gives me reason to believe Satoshi is from a country/island with a timezone of "-1" or "+11".

[BlindMayorBitcorn]

This is the single most ridiculous thing I've ever seen. And I've seen a lot.

[Hyperjacked]

just kickin butt n takin names...but wat do I know 

cheers jay!

[savetherainforest]

This is the single most ridiculous thing I've ever seen. And I've seen a lot.

I guess this is the only way they(China) can reduce the coins of the West then extract it from there. The chinese exchanges are way, way, way ahead of everything! The West is just following blindly like a sheep!

[Hyperjacked]

maybe that was the plan from the start...

Doesn't sound like a great plan to me.

well it sounds good 2 me...


Disclaimer:I might drive it lower...

[Hyperjacked]

gotta 2 luv it when a plan comes together @ohyperjacked    


Disclaimer: I have no idea wat I'm talkin bout

[JayJuanGee]

just kickin butt n takin names...but wat do I know  

cheers jay!

That's true.. What do you know?  Even a stopped clock is correct twice a day, and rejoicing such correctness seems nubile, at best.

[conspirosphere.tk]

It is 06:00 ( AM ) in China ... stuff must happen!

Another huge dumpage. 

[Hyperjacked]

So this all makes perfect sense, eh?

Weeks and weeks of excitement and price rise on all exchanges.  People were saying China was leading, providing 90% of the volume, and couldn't get enough.

Then an auction ends.

Then an exchange has network problems and goes offline for a bit.

Meanwhile price plummets.

Exchange comes back online.

But now we're at -130/btc, and all trading has essentially come to a complete halt.

Makes perfect sense, right?  But...but.. China demand?? Right??  Fellaz??

I just put bitcoinwisdom on 6h so it shows from the beginning of the run up and I don't see volume going down.  Not at 4h, 2h or 1h either.

BTW I'm not used to anything making sense.

High selloff volume is not the same as high buying volume.  If China buying demand was really there and accounted for 90%, they'd just steamroll over this sell off, actually they would look at it as a huge buying op.

I'm getting sick of people still touting that 'China' is somehow responsible for all the supposed demand.  They aren't, because the whales that ran this up are not Chinese, they simply have open accounts on all worldwide exchanges include the Chinese ones.  That's the dirty secret that the whales don't want you to know.

Like the way u n the other Rockstar gentlemand think...

Always good posts brotha

[Hyperjacked]

It is 06:00 ( AM ) in China ... stuff must happen!

Another huge dumpage. 

It's like a pyramid...

[BlindMayorBitcorn]

It is 06:00 ( AM ) in China ... stuff must happen!

Another huge dumpage. 

It's like a pyramid...

Ohhhhhhhhh...

[BitUsher]

Good time to buy . set in another set of buy orders.

[Hyperjacked]

just kickin butt n takin names...but wat do I know  

cheers jay!

That's true.. What do you know?  Even a stopped clock is correct twice a day, and rejoicing such correctness seems nubile, at best.

Lol...fool! Read my history...troll bag

I've made huge calls in the past...ppl that know follow me...that don't post n just read!

Ppl that can crush the price and do the opposite...

[ImI]

So this all makes perfect sense, eh?

Weeks and weeks of excitement and price rise on all exchanges.  People were saying China was leading, providing 90% of the volume, and couldn't get enough.

Then an auction ends.

Then an exchange has network problems and goes offline for a bit.

Meanwhile price plummets.

Exchange comes back online.

But now we're at -130/btc, and all trading has essentially come to a complete halt.

Makes perfect sense, right?  But...but.. China demand?? Right??  Fellaz??

agree, remember when stamp was down for one month or so? price was completely flat for the whole time. as soon as stamp launched again price fell like a stone. so THAT where your leader is. china is just a marketing gag that mainstream press loves cause it makes a good story.

[ImI]

Good time to buy . set in another set of buy orders.

agree, desperation is strong