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

[chesthing]

What, you think just because you weren't part of the bitfinex hack you are immune?  this shit's going down, for how long I don't know.

Have you always been bearish, or are you talking your book?

I don't know how you can speak with such certainty regarding the price direction of this market... overall we still seem to be in a bull trend. 

Sure we can experience some downwards price movements here and there, including the news of the bitfinex situation, but it also seems to that the bitfinex situation has largely been resolved and we are in a holding pattern at the moment..   Surely bitfinex may not do too well from this fall out, and maybe they are going to need to create some trading incentives, such as lowering fees.. but they have not even re-opened their margin trading yet, which actually could create some increases in volume, maybe?

From here?  Hm?  I am kind of a sense that a 10% increase is more likely than a 10% decrease.. in other words, I am more inclined to believe that we are going to see $650 and above before we see $520 and below.. but I am not going to bet either way and I guess I am prepared for either direction.

Let's see who is right.

[talkingleaves]

theres plenty of good news out there too

Such as?
Found this nugget:

Pantera Capital partner and chief technology officer Steven Waterhouse has departed the bitcoin and blockchain-focused venture capital firm.

Founded in 2013, Pantera is one of the ecosystem’s largest VC firms, boasting a portfolio that includes some of its biggest success stories, including 21 Inc.

Aha ...ahah *wheee *cough!*... wheeze* HAhaha!

Coindesk, Stop!

https://bitcointalk.org/index.php?topic=1576150.0

[marcus_of_augustus]

theres plenty of good news out there too

Such as?
Found this nugget:

Pantera Capital partner and chief technology officer Steven Waterhouse has departed the bitcoin and blockchain-focused venture capital firm.

Founded in 2013, Pantera is one of the ecosystem’s largest VC firms, boasting a portfolio that includes some of its biggest success stories, including 21 Inc.

Aha ...ahah *wheee *cough!*... wheeze* HAhaha!

Coindesk, Stop!

https://bitcointalk.org/index.php?topic=1576150.0

[JayJuanGee]

What, you think just because you weren't part of the bitfinex hack you are immune?  this shit's going down, for how long I don't know.

Have you always been bearish, or are you talking your book?

I don't know how you can speak with such certainty regarding the price direction of this market... overall we still seem to be in a bull trend. 

Sure we can experience some downwards price movements here and there, including the news of the bitfinex situation, but it also seems to that the bitfinex situation has largely been resolved and we are in a holding pattern at the moment..   Surely bitfinex may not do too well from this fall out, and maybe they are going to need to create some trading incentives, such as lowering fees.. but they have not even re-opened their margin trading yet, which actually could create some increases in volume, maybe?

From here?  Hm?  I am kind of a sense that a 10% increase is more likely than a 10% decrease.. in other words, I am more inclined to believe that we are going to see $650 and above before we see $520 and below.. but I am not going to bet either way and I guess I am prepared for either direction.

Let's see who is right.

Of course, I am going to be right...

You are talking in terms of absolutes, and I am talking in terms that I believe that the odds are a bit more favorable to go up by  10% than to go down by 10% from this price point.   

So, even if you happen to get it right and we happen to see $520 before we see $650, you are not talking reasonably (which makes me right.. hahahahahha).  The ridiculous part about your phraseology should be apparent that there are no absolutes when it comes to the markets and predicting or describing the future... On the other hand, if we are talking about the past, then it is reasonable to talk in terms of absolutes.

[LogHangingConsortium]

theres plenty of good news out there too

Such as?
Found this nugget:

Pantera Capital partner and chief technology officer Steven Waterhouse has departed the bitcoin and blockchain-focused venture capital firm.

Founded in 2013, Pantera is one of the ecosystem’s largest VC firms, boasting a portfolio that includes some of its biggest success stories, including 21 Inc.

Aha ...ahah *wheee *cough!*... wheeze* HAhaha!

Coindesk, Stop!

https://bitcointalk.org/index.php?topic=1576150.0

Come on, ahahahh *wheeze* hah, not fair! You're gonna make me pee!

[adamstgBit]

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

[aztecminer]

What, you think just because you weren't part of the bitfinex hack you are immune?   this shit's going down, for how long I don't know.

get ready for $220 bitcoin as everyone realizes bitfinex is a wrekt ship!

[LogHangingConsortium]

It's OK, as long as we're confident in finex's eventual recovery ...oh look, down to 28 cents a token
https://www.bitmex.com/app/index/.BFX

[chesthing]

What, you think just because you weren't part of the bitfinex hack you are immune?  this shit's going down, for how long I don't know.

Have you always been bearish, or are you talking your book?

I don't know how you can speak with such certainty regarding the price direction of this market... overall we still seem to be in a bull trend. 

Sure we can experience some downwards price movements here and there, including the news of the bitfinex situation, but it also seems to that the bitfinex situation has largely been resolved and we are in a holding pattern at the moment..   Surely bitfinex may not do too well from this fall out, and maybe they are going to need to create some trading incentives, such as lowering fees.. but they have not even re-opened their margin trading yet, which actually could create some increases in volume, maybe?

From here?  Hm?  I am kind of a sense that a 10% increase is more likely than a 10% decrease.. in other words, I am more inclined to believe that we are going to see $650 and above before we see $520 and below.. but I am not going to bet either way and I guess I am prepared for either direction.

Let's see who is right.

Of course, I am going to be right...

You are talking in terms of absolutes, and I am talking in terms that I believe that the odds are a bit more favorable to go up by  10% than to go down by 10% from this price point.   

So, even if you happen to get it right and we happen to see $520 before we see $650, you are not talking reasonably (which makes me right.. hahahahahha).  The ridiculous part about your phraseology should be apparent that there are no absolutes when it comes to the markets and predicting or describing the future... On the other hand, if we are talking about the past, then it is reasonable to talk in terms of absolutes.

Wtf drugs are you on? I want some.

[TERA]

I do not understand why we even still have exchanges. Everything could be handled with a usdt/btc pair on a blockchain , with an exception of an entry point where you buy the tethers and immediately withdraw them.

[BlindMayorBitcorn]

It's OK, as long as we're confident in finex's eventual recovery ...oh look, down to 28 cents a token
https://www.bitmex.com/app/index/.BFX

27 cents...
Some whales picked up a bunch at 9 and 10 cents. We've evolved from ponzi scheme to penny stock. Huzzah?
*If this were a legitimate public offering, which it ain't.

I do not understand why we even still have exchanges. Everything could be handled with a usdt/btc pair on a blockchain , with an exception of an entry point where you buy the tethers and immediately withdraw them.

Price discovery?

[JayJuanGee]

What, you think just because you weren't part of the bitfinex hack you are immune?  this shit's going down, for how long I don't know.

Have you always been bearish, or are you talking your book?

I don't know how you can speak with such certainty regarding the price direction of this market... overall we still seem to be in a bull trend. 

Sure we can experience some downwards price movements here and there, including the news of the bitfinex situation, but it also seems to that the bitfinex situation has largely been resolved and we are in a holding pattern at the moment..   Surely bitfinex may not do too well from this fall out, and maybe they are going to need to create some trading incentives, such as lowering fees.. but they have not even re-opened their margin trading yet, which actually could create some increases in volume, maybe?

From here?  Hm?  I am kind of a sense that a 10% increase is more likely than a 10% decrease.. in other words, I am more inclined to believe that we are going to see $650 and above before we see $520 and below.. but I am not going to bet either way and I guess I am prepared for either direction.

Let's see who is right.

Of course, I am going to be right...

You are talking in terms of absolutes, and I am talking in terms that I believe that the odds are a bit more favorable to go up by  10% than to go down by 10% from this price point.   

So, even if you happen to get it right and we happen to see $520 before we see $650, you are not talking reasonably (which makes me right.. hahahahahha).  The ridiculous part about your phraseology should be apparent that there are no absolutes when it comes to the markets and predicting or describing the future... On the other hand, if we are talking about the past, then it is reasonable to talk in terms of absolutes.

Wtf drugs are you on? I want some.

It is called making a serious attempt to employ facts and logic in order to try to come to meaningful projections about the future, rather than employing conclusory language that is not backed up by anything but black and white erroneous thinking.      You should try it, sometime.     

[Karartma1]

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

adam 520 what? 
Are you talking euros?

[JayJuanGee]

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

adam 520 what? 
Are you talking euros?

Adam is not ambiguous when it comes to pricing.  Of course, he is talking USD.  Sounds pie in the sky to me, but certainly it is not out of the question that we could experience another attempt at a serious correction before we are ready to proceed upwards - whether that downward correction gets as low as $520 is another question, especially absent some kind of significant news... 

[savetherainforest]

We've evolved from ponzi scheme to penny stock. Huzzah?

Well... they probably don't want people to recover their money as a sure thing. And that is why they invented this token! Who wants buys, who doesn't.. Well.. Then they don't get their money back. Is that simple. They are probably like this: "Hey.. you want your money back?.. invest in this and we will buy it back from you!" ... Or? ... Maybe they will give freebies if they have good profits.  

[bit tired]

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

adam 520 what? 
Are you talking euros?

The price can do anything. I remember after the first Gox coin auction it crashed, then after a subsequent auction it pumped, although everyone was expecting it to crash like the first time. There was a crash after Bitstamp reopened after its hack, and Adam might be expecting a similar crash now Bitfinex has reopened. However, it might do the opposite like with the Gox coin auctions.

[savetherainforest]

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

adam 520 what? 
Are you talking euros?

He was probably high on shrooms... delusional behavior as always when something hits him... Nothing to see here, walk along people, walk along... keep moving!

[DeathAngel]

This thread is dying, where is the price volatility to breathe some life into this damn thing.

Can or will we break 600 again over the weekend?

[noobtrader]

here we goooooooooooo, 520 now! 
pump up that music play it to load
and ready your fiat!

adam 520 what? 
Are you talking euros?

He was probably high on shrooms... delusional behavior as always when something hits him... Nothing to see here, walk along people, walk along... keep moving!

or....

adam is shorting btc...  

[gentlemand]

This thread is dying, where is the price volatility to breathe some life into this damn thing.

Can or will we break 600 again over the weekend?

Its life comes and goes with the tides. You can't stoke excitement if nothing's happening out there.

As for 600, I don't believe so. Since no one really seems to know what the score is with Bitfinex yet I think we'll sit in boring uncertainty for a while yet.