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

[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!

or....

adam is shorting btc...  

It wouldn't be a good idea to show his hand... dunno.. if he means serious, he may be bluffing.

[1715261879]

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[1715261879]

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[1715261879]

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[kobilica]

Might be FUD, might be real, keep your eyes on it. (Coinbase having problems)

https://www.reddit.com/r/Bitcoin/comments/4xcz20/btc_dissapears_from_account_coinbase_lock_account/

[gentlemand]

r/bitcoin should really be renamed r/fuckcoinbase for the amount of screeching and moaning that goes on over there. GDAX does seem to be having some regular problems at the moment but it's standard gremlins.

[kobilica]

Yeah I see, would problem be legit he would have some proof but it's probably just FUD.

[gentlemand]

It may well be a genuine problem. They must be dealing with thousands of people moving coins and money all over the place every day. Something's bound to go wrong pretty regularly. It'll be addressed and all will be right with the world again.

[ImI]

r/bitcoin should really be renamed r/fuckcoinbase for the amount of screeching and moaning that goes on over there. GDAX does seem to be having some regular problems at the moment but it's standard gremlins.

agree. and the irony that finex the holy grail of several bitcoin-over-everything-tards goes belly up. 

[dnaleor]

[Globb0]

[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.

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.     

I never said bitcoin price was going down and staying down forever. You have a reading comprehension problem, probably from all those drugs.

[Karartma1]

Almost $5 billion volume in the last 30 days for Bitcoin trading alone. It's a huge number. This amount does not account for Chinese exchanges.
You can see everything here

https://coinmarketcap.com/currencies/volume/monthly/

[Gyrsur]

Almost $5 billion volume in the last 30 days for Bitcoin trading alone. It's a huge number. This amount does not account for Chinese exchanges.
You can see everything here

https://coinmarketcap.com/currencies/volume/monthly/

what? just 758 s***coins? so few?

[BlindMayorBitcorn]

Almost $5 billion volume in the last 30 days for Bitcoin trading alone. It's a huge number. This amount does not account for Chinese exchanges.
You can see everything here

https://coinmarketcap.com/currencies/volume/monthly/

what? just 758 s***coins? so few?

It's called scaling sideways^TM.

[JimboToronto]

Good morning Bitcoinland. Still hovering around $590.

Someone mentioned coffee? Mmmm... Mocha-Java full city roast.



I think it's a little early to resume quoting Chartbuddy. I'll wait until we see which BTC/USD exchange takes the lion's share of the volume. Finex had a pretty good ride but things have obviously changed.

[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.      

I never said bitcoin price was going down and staying down forever. You have a reading comprehension problem, probably from all those drugs.

Oh?   So now you are changing your tunes?

You make some vague non-specific comment about the price going down, and then after you are asked to clarify you assert more specific vagueness to even assert more boldly that it is going down and to buy into the down scenario that I painted, while throwing out ad hominem attacks. And then now you are saying you don't know, but may as well throw out a few more ad hominem attacks in order to shirk responsibility.  Hm?  

In other words, you don't really know anything.  You are just throwing out a bunch of vague conclusory comments, and seeing if anything might stick.  Then if others ask you to explain how you arrived at your vague assertions, instead of providing details, you get mad and assert that the others are crazy.  Hm?   

[JayJuanGee]

Good morning Bitcoinland. Still hovering around $590.

Someone mentioned coffee? Mmmm... Mocha-Java full city roast.



I think it's a little early to resume quoting Chartbuddy. I'll wait until we see which BTC/USD exchange takes the lion's share of the volume. Finex had a pretty good ride but things have obviously changed.

I understand that in recent months you had gotten into the habit of citing Bitfinex, and you still seem inclined with such source?

Most of the time, I had considered Bitstamp to be a better and more accurate price indicator (as compared with Bitfinex - based on margin trading and sometimes questions about fakeness - related to china.. hahahahahaha).

Even though from time to time Bitstamp seems to be out of sync with other exchanges, and tend to have lower relative volume.. and even lag a tiny bit., their price is still within reason as an indicator, no?

Recently folks have been touting Kraken as a possible price indicator, but so far, their USD/BTC trade volume has not been very great, either.. which causes them to go off the rails a bit, too.

[TReano]

So guys whats the sentiment overall?

I expected it to make new highs yesterday after BFX reopened.
But It feels like we could roll over soon and retest the lows.
From an elliott wave perspektiv we finished the ABC correction with the BFX low. Therefor a new wave cycle should start here. The question is if it's bearish or bullish in the end.

I expect a bear cycle tbh. Fundamentals are shaky with all the lost confidents overall and still no solution to the Blocksize problem which is fucking sad.

[NAMBLA Scientist, the]

So guys whats the sentiment overall?

Hard to say...

https://s10.postimg.org/8rx9cprbd/sponge.gif

[savetherainforest]

Good morning Bitcoinland. Still hovering around $590.

Someone mentioned coffee? Mmmm... Mocha-Java full city roast.



I think it's a little early to resume quoting Chartbuddy. I'll wait until we see which BTC/USD exchange takes the lion's share of the volume. Finex had a pretty good ride but things have obviously changed.

This looks exactly like the 10 kilos of coffee beans I bought on the panic of the upcoming ice age! And it looks like its from Africa... people of Africa are so hard working in the farming industry! And they grow almost everything organic in them deserts..

Especially since I know 4 years in a row coffee has had a crop loss all over the world of an average of ~30% every year.


And then news like this happen in the Northern Hemisphere :  ... http://nyuzer.com/2016/08/11/overnight-temperatures-drop-0-twente

And it is so cold here and I'm under the 40* degree parallel and its under 10* degrees Celsiu... F***!!!

[btcwhiskey]

Huobi has all the volume these days I see. What happened to okcoin?

[JimboToronto]

I understand that in recent months you had gotten into the habit of citing Bitfinex, and you still seem inclined with such source?

Most of the time, I had considered Bitstamp to be a better and more accurate price indicator (as compared with Bitfinex - based on margin trading and sometimes questions about fakeness - related to china.. hahahahahaha).

Even though from time to time Bitstamp seems to be out of sync with other exchanges, and tend to have lower relative volume.. and even lag a tiny bit., their price is still within reason as an indicator, no?

Recently folks have been touting Kraken as a possible price indicator, but so far, their USD/BTC trade volume has not been very great, either.. which causes them to go off the rails a bit, too.

I quoted Finex because they usually had the highest volume, despite the fact that sometimes their price varied from the other USD exchanges.

If I had my choice of price indicators, I'd choose BitcoinAverage because they represent a pretty good cross sampling of many exchanges, excluding the zero fee exchanges.

Unfortunately they don't track the order books, which are the real value of Chartbuddy. Also unless Richy adds another exchange, we're stuck with Stamp, Finex and Base.

Personally, since last week I've been mostly watching Stamp.

As I said, I'll wait and see.