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

[JayJuanGee]

Margin Trading has been active for a while and longs have increased about $2 million in last 7 days shorts are currently about 1.5K btc

https://www.bitfinex.com/stats

Finex now #7 by 24hr. volume.

7    Bitfinex   BTC/USD    $ 2,273,800    $ 574.71    3.84 %    Recently

sad trombone.

At this point, we cannot completely attribute the cause of the loss of volume - yet a fair inference does come from loss of confidence.   On the other hand, before the "hack", quite a bit of Bitfinex's volume seemed to have come from margin trading, which appears to have not been re-enabled, yet.

Oh?  It could be that from my account, I cannot access any of the margin trading information  - since I have acknowledged within the account that I am a US resident?

[seleme]

Strange dump. Too fast after solidly fought retrace, thought it might go bit more before getting sold. Bears are in the charge.

[JayJuanGee]

Strange dump. Too fast after solidly fought retrace, thought it might go bit more before getting sold. Bears are in the charge.

From the amount of information currently out there regarding price movements and volume, it is way too early to conclude that "Bears are in charge." 


Unless you happen to be a whale yourself, frequently, you cannot really determine for sure whether support or resistance is real or whether we are merely being "played with."   Accordingly, trade volume remains somewhat mediocre, so this baby could blow (from 1% to 10%) in either direction.  What's wrong with my current assessment (which admittedly tends to be my broken record assessment almost no matter where we are at... hahahahahaha)?

[savetherainforest]

Strange dump. Too fast after solidly fought retrace, thought it might go bit more before getting sold. Bears are in the charge.

It's a fake dump.

The trend seems to be willing to swallow anything that comes in its path... as cheap as it can be!

[BlindMayorBitcorn]

Does anybody know why my new Core client made all my coins go to another address? That a new feature?
Just kidding.
But seriously.
https://www.reddit.com/r/Bitcoin/comments/4y8m76/0130_binary_safety_warning_bitcoinorg/

[savetherainforest]

Does anybody know why my new Core client made all my coins go to another address? That a new feature?
Just kidding.
But seriously.
https://www.reddit.com/r/Bitcoin/comments/4y8m76/0130_binary_safety_warning_bitcoinorg/

I am more concerned about the news that US (NATO) is trying to move those 50 short range nuclear warheads from Turkey's base Incirlik military base to another NATO country military base Deveselu in Romania.

Also the kurdish separatists are trying to get more ground and autonomy in south-east Turkey... and feels like Kurdistan might happen as a country in the future. But the only way that might happen is if Turkey gets kicked out of NATO, because it affiliates with Russia and compromises the unanimous voting system in the decision table inside NATO. 

BTCitcoin would go wild if a nuke goes off somewhere in a semi-western country... Black swan event incoming?   

[BlindMayorBitcorn]

[adamstgBit]

http://bitcoincharts.com/markets/

look at that itbit's 24 hour volume is more than double anyone else's

in 30days itbit might turn out to be the chart to look at.

[ImI]

true itBit seems to take the center spot and fills the gap that Finex left

[adamstgBit]

[yefi]

Gold is limited, so is Bitcoin.

Love that graph.  It speaks volumes.  With a megaphone.

A 10-year chart, set conspicuously to gold's bull run, squeaks rather than roars. Present a 100-year chart and we can talk about toppling the walls of Jericho.

[adamstgBit]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

[Elwar]

Does anybody know why my new Core client made all my coins go to another address? That a new feature?
Just kidding.
But seriously.
https://www.reddit.com/r/Bitcoin/comments/4y8m76/0130_binary_safety_warning_bitcoinorg/

I am more concerned about the news that US (NATO) is trying to move those 50 short range nuclear warheads from Turkey's base Incirlik military base to another NATO country military base Deveselu in Romania.

Also the kurdish separatists are trying to get more ground and autonomy in south-east Turkey... and feels like Kurdistan might happen as a country in the future. But the only way that might happen is if Turkey gets kicked out of NATO, because it affiliates with Russia and compromises the unanimous voting system in the decision table inside NATO. 

BTCitcoin would go wild if a nuke goes off somewhere in a semi-western country... Black swan event incoming?   

They're likely moving their nukes due to what happened a few weeks ago with Turkey sending their troops to "inspect" that base. Basically they are not well enough equipped to stop an army from taking all of the nukes, so they're moving to a more stable country.

[BathSaltsDealer]

They're likely moving their nukes due to what happened a few weeks ago with Turkey sending their troops to "inspect" that base. Basically they are not well enough equipped to stop an army from taking all of the nukes, so they're moving to a more stable country.

Never mind about that. Right now we need to get both of my cars out of this bad neighborhood, allright? Come on.

[aminorex]

A 10-year chart, set conspicuously to gold's bull run, squeaks rather than roars. Present a 100-year chart and we can talk about toppling the walls of Jericho.

Problem is, the currencies of 1916 were gold.  A 45 year chart looks even more impressive.  The post-Breton Woods system will not live to its 50th anniversary.

[lord raiden]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

[kobilica]

Gold is limited, so is Bitcoin.

Love that graph.  It speaks volumes.  With a megaphone.

A 10-year chart, set conspicuously to gold's bull run, squeaks rather than roars. Present a 100-year chart and we can talk about toppling the walls of Jericho.

It's not about gold. It's about fiat currency losing its value over time. And you know why.

[conspirosphere.tk]

If bitcoin is a kind of emerging market, it looks good:



http://www.zerohedge.com/news/2016-08-19/where-money-going-record-inflows-emerging-markets-longest-ever-outflows-europe

[JayJuanGee]

August 17, 2016
...bla bla bla bla...
We are actively engaged with efforts to convert certain qualifying token-holders to shareholders of Bitfinex and to redeeming the remaining BFX tokens through a combination of new capital and earnings.
...bla bla bla bla....

We will continue to provide further updates as and when we are able.

The Bitfinex Team

well they post much better announcements than MTGOx ever did..

but they are very unclear about the BFX token and its meaning... "qualifying token-holders" will become "shareholders of Bitfinex"

wtf man wtf.

this f*ck lives already on the  British Virgin Islands and you can now register and hope you are qualified enough
https://bfxtrust.com/

Seems to be an interesting experiment, and question regarding whether it is going to have any solid value in the future or just a means to suck some more people into a scam...   Don't get me wrong, it seems that they may be making some meaningful efforts in the direction of rectifying matters in the event that the official story (regarding an unknown hacker) is actually true.

[JimboToronto]

Good morning Bitcoinland.

Blah blah blah... $581 BitcoinAverage...

Blah blah blah.

Wicked hangovers require lots of strong coffee.