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

[calme]

i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's

*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc

Hahahahahaha.....

Yeah right... you have no support for your bearish prediction.

Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking.

i did go to business school but didn't study trading specifically, much. that's why i follow the chartists. we're both talking our books here. there were about a million chartists who said it would rise a bit and then doom. well, it rose a bit since then...

[savetherainforest]

i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's

*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc

Hahahahahaha.....

Yeah right... you have no support for your bearish prediction.

Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking.

Hey... don't burst his bubble!!! 

Let Britney smoke Hopium!!! 

[calme]

tons of ppl on tradingview spelled it out for us where they'd be taking short positions. so it was all right there...

[JayJuanGee]

i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's

*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc

Hahahahahaha.....

Yeah right... you have no support for your bearish prediction.

Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking.

i did go to business school but didn't study trading specifically, much. that's why i follow the chartists. we're both talking our books here. there were about a million chartists who said it would rise a bit and then doom. well, it rose a bit since then...

Naw... don't try to equate my more analytical comments with your superficial nonsense.   

I don't deny that I have some interest in my books, but I prepare myself for BTC price changes in either direction. .... yeah, I prefer prices to go up, but I attempt to not let my own personal preference get in the way of my presentation of bitcoin price related information in these threads.

In fact, in my very latest post in the BTC price prediction department (https://bitcointalk.org/index.php?topic=178336.msg15386910#msg15386910), I did not put any kind of exact number on my medium term prediction, and I only suggested that the odds seem more in favor of getting to greater than $685 rather than less than $608. 

My prediction is no solid and blanket assertion, such as yours... in which you seem to be more solidly asserting downward BTC price movement (and without any evidence whatsoever  - except saying that other people assert such).

[JayJuanGee]

i'm normally bullish b/c i love btc but there is something to be said of the whole "wisdom of the crowd" thing and a lot of the best chartists are gonna hit the sell button in the mid 600s, planning to ride it to low 5's

*edit: it started while i was typing that. make sure you have fiat waiting. don't short btc w/ btc

Hahahahahaha.....

Yeah right... you have no support for your bearish prediction.

Sure, there is still a 20 to 30% chance that you could be correct, but that does not make you insightful in any kind of way, except perhaps that you are engaging in wishful thinking.

i did go to business school but didn't study trading specifically, much. that's why i follow the chartists. we're both talking our books here. there were about a million chartists who said it would rise a bit and then doom. well, it rose a bit since then...

Naw... don't try to equate my more analytical comments with your superficial nonsense.   

I don't deny that I have some interest in my books, but I prepare myself for BTC price changes in either direction. .... yeah, I prefer prices to go up, but I attempt to not let my own personal preference get in the way of my presentation of bitcoin price related information in these threads.

In fact, in my very latest post in the BTC price prediction department (https://bitcointalk.org/index.php?topic=178336.msg15386910#msg15386910), I did not put any kind of exact number on my medium term prediction, and I only suggested that the odds seem more in favor of getting to greater than $685 rather than less than $608. 

My prediction is no solid and blanket assertion, such as yours... in which you seem to be more solidly asserting downward BTC price movement (and without any evidence whatsoever  - except saying that other people assert such).

[JayJuanGee]

tons of ppl on tradingview spelled it out for us where they'd be taking short positions. so it was all right there...

Who gives a ratt's ass about what they say on tradingview?  Come up with your own analysis, and/or supply links to what you believe to be relevant analysis.

There are tons of people betting on both sides of these bets, so let's see how it plays out.  If you are shorting, calme, or if you feel like shorting in this price range, then good luck with that.  You may be correct, but whatever you are saying is not even close to being inevitable, as you seem to want to suggest.

[TooDumbForBitcoin]

tons of ppl on tradingview spelled it out for us where they'd be taking short positions. so it was all right there...

best one is the drop to 100usd followed by rise to 2000usd. 

I sent him all my money.  Lambo will be here soon.

[calme]

^^ well i bought when price hit 160 a while back. too bad on coinbase the price was 190...

[BeefUsher]

Naw... don't try to equate my more analytical comments with your superficial nonsense.   

Your more analytical comments are shit. As are your less analytical comments; those are shit too.

[BlindMayorBitcorn]

you can see some azn not impressive   

What does that even mean? Will you people please try to speak in complete

[JayJuanGee]

Naw... don't try to equate my more analytical comments with your superficial nonsense.  

Your more analytical comments are shit. As are your less analytical comments; those are shit too.

Ok... Beefie...   I will bite.

Why don't you share a little bit about your own bitcoin perspective and investments therein to the extent that you have anything quasi-meaningful to contribute to this discussion?

[MinermanNC]

Well just sold a coin for cash.... 649.00 so I guess that's my prediction on price for a day or 2 lol Got to have my money hit the bank by Friday.. got a $384.00 electric bill due! 

(now watch it go to $700.00) never fails... 

[Ted E. Bare]

Please short bitcoin. My team will blow up your accounts.

[PigUsher]

Please short bitcoin. My team will blow up your accounts.

Your team is all in. Meaning it ain't got no money to buy bitcoins.
If it's not "all in," it has been lying to us all along.
So irrelevant, either way.
The only thing you can do is sell your bittokens & crash the priceha ha, loser!

[yui]

could be winner if sold at triple top

[MinermanNC]

Lol, ya really! its like that wtf look 

[marcus_of_augustus]

[marcus_of_augustus]

... sup?

[Ted E. Bare]

Bitcoin Block Reward Halving Countdown:
Only 12 more days!

Reward drop ETA: Sat, 9 Jul 2016 23:05:05 GMT

[Dotto]

A few thing people here don't seem to understand:

Most buying is done off exchanges and OTC. By a wide margin too.

China is not leading this market.

No fee Chinese exchanges are being used to "control" the market, because bots are linked and people think China is leading the market.

Bitfinex is linked to Chinese exchanges to provide liquidity. Just like when BFX was linked to Stamp. That is why some full orderbooks are not shown. When a large drop occurs on Chinese exchanges the volume stays within the range, while Bitfinex drops with larger volume than normal. This is a combination of bot manipulation and Bitfinex offering liquidity.

The rise to nearly 800 was one entity, the OTC sellers and buyers waited until this entity was done and then plopped up over 25K BTC in ask walls, now it's up to 35K. The 35K BTC is a mix of real coins and borrowed coins for sale. You can see this by looking at the full order book, you notice the amounts for sale at XXX.37 repeatedly at every dollar interval? There are other patterns you will see as well.

The OTC buyers put sell pressure on BFX to keep the price down, so their OTC purchase will save them millions, by only making people who look at exchanges think we aren't mooning yet. Without their "fake" sell pressure we would be at ATH.

OTC firms do not care about this "manipulation" because they get a percentage in BTC and know that they will sell much more BTC OTC when the price is reasonable and not mooning. OTC firms might also be in on the fake sell pressure.

My guess is currently someone wants to buy OTC in the $650 range, or an OTC firm is seeing an influx of customers and is easier to just have stable prices for everyone Brexiting or running from their fiat market.

The Bitfinex "malfunction" was deliberate. Using statements from above you can see that dropping the Chinese exchanges prices are easy, causing all the longs on BFX to be force liquidated. Well guess who bought up all those coins that were liquidated while also putting the price back in their range? BFX has a ton of fees in BTC to sell, and guess how they do it? That's right, mostly OTC. And if a buyer says "no way I'm paying $700+ for those coins when the price has only been at this level for a week", then BFX has only one thing to do, bring the price back down in the OTC range.

Long term holders like myself, 4+ years, know this is going on and don't really care about exchange rates YET, because one day millions of small buyers who will only use exchanges will overpower any manipulation put forth by OTC markets and online exchanges.

Post of the month. Great way to start a new avatar