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

[Chef Ramsay]

Wonderful, a page mostly filled with miscreants, malcontents and other degenerate oddballs that are likely the same reject posting under different sox. Uber bullish.

Confirmed.

Back to $666 

Sell now and buy back at a loss later. Good?

[Chef Ramsay]

The Chinese government are censoring my monies, potentially, somehow...

70% mining in red China. 80% of trades. ChiComs could crash it it to pennies by forcing miners to alter the protocol, banning exchanges, or just scaring the dumpmonkeys with stern words. I don't want crypto that won't be compromised. I want crypto that CAN'T be compromised.

We have centralization in mining, code development and, coming to a theater near you, nodes. How is this even the same coin I bought all those years ago?

It's supposed to be electronic cash, but it's got fees. Does cash have fees? It's cheaper than VISA, but it doesn't take ten minutes to swipe a credit card and there is consumer protection built in.

I hope somebody murders that Karpeles and frames Maxwell for it. Two shitbirds with one bullet.l

What made you come back after 3 months? You want part of that epic long, bro?

[Chef Ramsay]

I'm laughing at people that try to short the halving.

In a couple of days you may laugh at me. And we'll see who laughs last...

I'm long and you're short so we'll see about it soon. Rib me something fierce if you come out on top, bro. I think you're buried under a shallow grave.

[julian071]

OMG it's above $666! Short it!!

[edgar]

Wonderful, a THREAD mostly filled with miscreants, malcontents and other degenerate oddballs that are likely the same reject posting under different sox. Uber bullish.

FTFY

[strawbs]

Bitcoinland is so, so quiet.....

Unexpectedly quiet, when most bitcoiners were planning how to manage their new wealth after the highly expected halving.

You can talk all you like about quietness in bitcoinlandia, but there is nothing unusual about spurts and slowdowns in volume, and we can especially experience slow downs in volume over the weekends and during  price consolidation periods.  

Sometimes, the slow downs in volume are especially signs that both sides are waiting for the other side to act (talking about bears and bulls, here), and the low volume could continue for an additional extended period of time (another few weeks) or result in a sudden break out and an increase in volume that comes from one side attempting to make a move and to take advantage of the low volume in an attempt to push for a break out (either direction).

Yeah, people can become anxious during these kinds of lower volume consolidation periods because they want some kind of action, including price movement, but for anyone who has been in bitcoin for a while, these kinds of phases are not really unusual or unexpected.

Check past volumes. They are particularly low recently.

[JayJuanGee]

Smallblocker shitstains are still stalling I see. SegWit was supposed to come out in April, but the stream got blocked and now almost every block is 0.99 MB. How the hell is Bitcoin going to handle a new ATH at 7 TPS? It  won't.  These Core assholes are dragging their heels intentionally, despite what they promised in Hongkong. Can't trust 'em. They wanna drive up fees so they can get free help from the non-blockstream core devs with their lightning network, which is years away.

just pump already so I can dump my coins and go away. Once they are gone, I ain't coming back.  the PRC got the miners by the balls which means no more censorship resistance.  Broke my heart. Bitcoin could have been beautiful.

What the fuck kind of price do you need in order to get the hell out of here? 

You said that you shorted some coins at $280, and then you shorted some more at $380.

Fuck.  Short the fuck out at $660, and get the fuck out of here.  What the fuck you waiting for? 

Oh, I forgot, you really don't want to leave, you just want to complain all the fucking way up to $3k, and still you are not going to be selling your coins because in reality you are full of shit, and you have no other place to park your money.  And, you must concede that bitcoin is in fact a beautiful thing, inspite of your bullshit fantastical complaining about some kind of supposed fictional problem... oh yeah, blocksize limits and fees, is that what your theme is?  I forgot.   

[JayJuanGee]

Bitcoinland is so, so quiet.....

Unexpectedly quiet, when most bitcoiners were planning how to manage their new wealth after the highly expected halving.

You can talk all you like about quietness in bitcoinlandia, but there is nothing unusual about spurts and slowdowns in volume, and we can especially experience slow downs in volume over the weekends and during  price consolidation periods.  

Sometimes, the slow downs in volume are especially signs that both sides are waiting for the other side to act (talking about bears and bulls, here), and the low volume could continue for an additional extended period of time (another few weeks) or result in a sudden break out and an increase in volume that comes from one side attempting to make a move and to take advantage of the low volume in an attempt to push for a break out (either direction).

Yeah, people can become anxious during these kinds of lower volume consolidation periods because they want some kind of action, including price movement, but for anyone who has been in bitcoin for a while, these kinds of phases are not really unusual or unexpected.

Check past volumes. They are particularly low recently.

Are you suggesting that there is something to worry about?  I am merely arguing that it seems that volume goes down during periods of consolidation (which is kind of like a wait and see period).  I personally believe that the lower volume during the past several days (including the weekend) is not unusual and doesnt really mean anything, except that we are in a kind of consolidation period.

[gentlemand]

The Chinese government are censoring my monies, potentially, somehow...

Oh god.  Are we going to be subjected to the same point in an excruciatingly elongated manner over and over again once more?

[inca]

Longs pretty high at 41M on finex. Shorts extremely high at 23k. Market floating for a giant move. Toss a coin. Hope you are all hedged appropriately after the recent huge gains.

I personally think we have a few months for the market to get acclimatised to this new price point before we charge much higher. But hey this is bitcoin so it could be ATH next week.

 

EDIT: it is worth pointing out that the trolls talking down bitcoin on here are themselves long otherwise they would have left long ago..

[Searing]

The Chinese government are censoring my monies, potentially, somehow...

The problem is easily solved with the properly made and designed aluminum foil hat. They hack your brainwaves don't ya know

[Karpeles]

We are going to the moon.

$665 yesterday, $668 today.

Hold tight, prepare to the moon, prepare your rockets

[AlexGR]

Smallblocker shitstains are still stalling I see. SegWit was supposed to come out in April, but the stream got blocked and now almost every block is 0.99 MB. How the hell is Bitcoin going to handle a new ATH at 7 TPS?

You were saying it won't be able to handle prices going over 300, over 450, etc. Now your problem is price handling a new ATH?

"Billy-blow-up-my-shorts-got-REKT-by-the-market-blowing-up-his-shorts"

[Elwar]

Longs pretty high at 41M on finex. Shorts extremely high at 23k. Market floating for a giant move. Toss a coin. Hope you are all hedged appropriately after the recent huge gains.

I personally think we have a few months for the market to get acclimatised to this new price point before we charge much higher. But hey this is bitcoin so it could be ATH next week.

 

EDIT: it is worth pointing out that the trolls talking down bitcoin on here are themselves long otherwise they would have left long ago..

[BlindMayorBitcorn]

The Chinese government are censoring my monies, potentially, somehow...

Oh god.  Are we going to be subjected to the same point in an excruciatingly elongated manner over and over again once more?

Probably.

[DARKHOLDER]

It depends how you classify low volume. I can see two big bars on the Bitfinex 24 hour chart, and each of them is above 1000 Bitcoins and mostly buying.

Is buying possible without selling?

No but if the ask side gets eaten into it's considered buying and selling if the bid side gets eaten into.

Ah, gotcha. How does one tell if the ask side got eaten into by looking at the volume bars?

Check the 1.5k volume bar on this chart. You can see the price going up in almost a straight line during that trading period. I assume that means the ask side got eaten into. If the price had gone down in almost a straight line I would assume the opposite.

confirmed... it will go to 800$

[Dotto]

200x margin short this to 666.

Profit.

Fart

[yefi]

Check past volumes. They are particularly low recently.

Not particularly. As has been mentioned, markets are waiting for the breakout - either up or down. Volume is more or less where it should be.

[savetherainforest]

Confirmed.

Back to $666  

Well... if you will see dollar 666! is very on the edge! ... Meaning the weekly closing day is 18 July 2016 .. at 00:00 .. meaning that it will remain in history that number on charts if it pumps after, starting from 00:01+!

You will see massive pumps after midnight! Because that is their goal... to make BTCitcoin a religious thing and symbol...

It is their only card left to play! ... The only solution left in their powers! .. That being to turn the religious fanatic population against bitcoin in the long run!

[yefi]

just pump already so I can dump my coins and go away.

Oh oh, 100 Satoshi dump incoming. Brace yourselves everybody!