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

[JimboToronto]

We've tested 595, and bounced back. 595 is surely the new floor

Don't be so sure. We tested $560 in June. Anything over $500 will still make this a great year.

That said, this could be the setup for the next serious run up. Whales gotta accumulate and there's nothing like plankton panic to feed them cheap coins.

Isn't this fun?

[Dafar]

Isn't this fun?

Um, it's more fun when my net worth doesn't shrink


I have no dough to buy the dips when I just made a big purchase at $657, literally a day before the big dump. Fuck me

[silverfuture]

Where is the "anatomy of a bubble" graph?

[soullyG]

Where is the "anatomy of a bubble" graph?

I really want to see an updated version of the "multi year cup and handle" chart that someone posted a few months ago - if that's correct we will probably slide a little bit further before completing the handle and then start the next SUPER BUBBLE  

EDIT: it was called "matroska cup and handle", Google image search found a cached copy from here but the quality is really low, and the link doesn't work any more:

https://bitcointa.lk/threads/analysis-never-ends.160720/page-166

[JimboToronto]

Where is the "anatomy of a bubble" graph?

This one?



 

[Trolfi]

have you ever been chased by a green badger riding a lamb shooting bolts of lighting?

no.

[Torque]

Watching the stock market, traders be like:

[JayJuanGee]

have you ever been chased by a green badger riding a lamb shooting bolts of lighting?

If something like that happened to me, I am pretty sure that I would have remembered it.   

We've tested 595, and bounced back. 595 is surely the new floor

Don't be so sure. We tested $560 in June. Anything over $500 will still make this a great year.

That said, this could be the setup for the next serious run up. Whales gotta accumulate and there's nothing like plankton panic to feed them cheap coins.

Isn't this fun?

I don't know about fun, because even though I have money prepared for dips, I always get feelings of trepidation when there are big downward corrections (such as those that are more than 10%), because the value of my whole BTC investment goes down, and I never have any real confidence about how much further down the price is going to go.... and usually, i have already made several purchases on the way down, so I get into feelings about how to budget the remainder of my fiat funds that are in my BTC portfolio.

Currently, I am kind of thinking that a test of the mid $500s has a decent chance of occurring (maybe even around 50%).

Of course, the lower we go down in projections, the less likely that it will occur on this run, and I think that lower $500 is fairly unlikely (like maybe in the less than 35% arena)..

I'm thinking less than $500 would be less than 25% chance of occurring in this run.

that's my current thinking and scares me just to specify it..

[JayJuanGee]

Where is the "anatomy of a bubble" graph?

This one?



 

That looks like bitcoin, and the two bubbles in 2013, and we seem to be in the latest beartrap,no?

It could take a few months or even more than a year before we experience another exponential price growth period, no?

[empowering]

Watching the stock market, traders be like:

Coming soon.....

(in the next year...)

(98%)

[gentlemand]

We're due to get some juicy propping up in the UK very soon no doubt. But no one really gives a toss about the UK economy. You can tell because 52% of the electorate who turned out enthusiastically voted to shit all over it.

[stompix]

have you ever been chased by a green badger riding a lamb shooting bolts of lighting?

Does it count if it was a purple badger?

[empowering]

We're due to get some juicy propping up in the UK very soon no doubt. But no one really gives a toss about the UK economy. You can tell because 52% of the electorate who turned out enthusiastically voted to shit all over it.

Hmmmm... regardless of how people voted... The E.U is totally fubar.

The union is destined to failure unless they restructure all the debt, Bretton Woods style..

The Italians, Portuguese, Austrians, French, Spanish, Greek, etc etc banks are all ruined, it is a massive farce.

It is simply the QE to infinity passing of the QE Batton- Euro - Japan- UK- USA and then around we go again.

No loss leaving the union in its current state- and we may not even end up leaving the union...

Or the union could simply implode.

More exit referendum votes in the pipeline for Europe quite possibly.

 (but yeah, that "RATE HIKE" we have been promised over and over and over again (both sides of the pond)
is looking a bit off... it is looking like 0.25% rate cut instead... how long until they go NIRP in the US ?

Bring it

[gentlemand]

No doubt. That still doesn't mean the UK is rather rogered. Maybe they should've voted out and kept it a secret from everyone else for the sake of the nation.

[savetherainforest]

have you ever been chased by a green badger riding a lamb shooting bolts of lighting?

You mean this one?? ... Look at him/her going for the jugular... isn't he/she a bunch of cuteness?  




*Edit: This looks more and more like "a" the bottom.

[Mrpumperitis]

Rumoured Finex BTC hacked

[DARKHOLDER]

bitfinex down again...

[tomothy]

Finex confirmed hacked

https://twitter.com/collincrypto/status/760537737107824641

https://bitfinex.statuspage.io/

Security Breach Subscribe
Investigating - Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to—and we are co-operating with—law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page (Bitfinex.statuspage.io) and on the maintenance page. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.
Aug 2, 18:06 UTC

[gizmoh]

Security breach on Bitfinex

Today we discovered a security breach that requires us to halt all trading on Bitfinex, as well as halt all digital token deposits to and withdrawals from Bitfinex.

We are investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen. We are undertaking a review to determine which users have been affected by the breach. While we conduct this initial investigation and secure our environment, bitfinex.com will be taken down and the maintenance page will be left up.

The theft is being reported to — and we are co-operating with — law enforcement.

As we account for individualized customer losses, we may need to settle open margin positions, associated financing, and/or collateral affected by the breach. Any settlements will be at the current market prices as of 18:00 UTC. We are taking this necessary accounting step to normalize account balances with the objective of resuming operations. We will look at various options to address customer losses later in the investigation. While we are halting all operations at this time, we can confirm that the breach was limited to bitcoin wallets; the other digital tokens traded on Bitfinex are unaffected.

We will post updates as and when appropriate on our status page, bitfinex.statuspage.io. We are deeply concerned about this issue and we are committing every resource to try to resolve it. We ask for the community’s patience as we unravel the causes and consequences of this breach.

bitfinex.statuspage.io, support@bitfinex.com

[Paashaas]

Have patience friend, Bitcoin ETF's will come.

in 6months?

Maybe sooner than we think, perhaps within a month.

It seems the SEC wants them to use private key's signing to prove reserves, that shoud not be not that hard to achiev, right?

https://www.sec.gov/comments/sr-batsbzx-2016-30/batsbzx201630-4.pdf