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

[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

[marcus_of_augustus]

^^ Reads like Vinny Lingham's blog piece from yesterday ... HyphyBTC (aka hyphymikey) is Vinny?

[HyphyBTC]

^^ Reads like Vinny Lingham's blog piece from yesterday ... HyphyBTC (aka hyphymikey) is Vinny?

Most certainly not lol. I'm pretty sure if you read my old post history under hyphymikey, you will see me talking about this years ago. I haven't looked back at the history lately, but I'm pretty sure I've talked about it in this thread.

[NewLiberty]

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.
...
The rise to nearly 800 was one entity

...

If you figured this much out, then you probably also figured out that the one entity is not done yet either.

[savetherainforest]

Ok... Today is the day!

The day the pump starts pumping idiosyncratically again!

If it doesn't reach 700+ today, then moon later this week ... then it means some kind of Godlike sh!t intervention is happening from the world elites.

So prepare to be full in bitcoin! 100%!!! Go full retarded! Always go full retarded!!! Head first! Horns swinging!


Ah... yeah.. and it reminds me of this sh!t... that nullity sign in the middle of that coin... it just hit me, like... Bitcoin can do that!

It can literally eat up the economy of 5 Solar Systems of 3 x planets each of 100 billion people having in each Solar System... and occupy no space! .. But in the same time in its begging it can be nothing. Nullity!

*Edit: The magazine cover of 1988! LOL!

https://www.reddit.com/r/btc/comments/3v0yly/1988_economist_cover_predicting_a_world_currency/

http://thephaser.com/2016/01/flashback-1988-get-ready-for-a-world-currency-by-2018%E2%80%B3-the-economist-magazine/




*Edit2: I can see there ... the dollar, the swiss franc, bitish pound(this one is burning now), some kind of yuan/china/mongol currency and some ruble/russian currency I see as well...

[Mrpumperitis]

http://www.cnbc.com/2016/06/27/bitcoin-gains-validity-as-digital-gold-after-brexit-vote.html

Jesse Powell, CEO of digital asset exchange Kraken, said that the volume of bitcoin trading on his company's site doubled in the 24 hours following the Brexit vote. Since June 10, there's been a five-fold increase in bitcoin to euro trading as of late Friday.

[DaRude]

http://www.cnbc.com/2016/06/27/bitcoin-gains-validity-as-digital-gold-after-brexit-vote.html

Jesse Powell, CEO of digital asset exchange Kraken, said that the volume of bitcoin trading on his company's site doubled in the 24 hours following the Brexit vote. Since June 10, there's been a five-fold increase in bitcoin to euro trading as of late Friday.

Amazing how price can stay relatively stable when volume doubles