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

[Elwar]

Bitcoin can easily do the same as this ad.

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[JimboToronto]

I have had a bit of a discussion with him, and in essence, his account was hacked several weeks ago, and he has not yet gotten it back. 

I was trying to convince him to go through the motions of getting his account back....

Thanks for the info.

He should understand that a lot of folks like seeing his posts in this thread, even especially when they are sometimes quite off the wall.

ftfy 

[AlexGR]

...

The actual fees attached to bitcoin are all connected to the legacy and centralized systems (fiat conversions, exchanges, etc).

If you do enough transactions, fees become an issue:

https://youtu.be/1-z-zTBHOO8?t=14m14s

23$ and 50$ fees per tx? What is he talking about?

Come on, let's get serious.

Last block was

https://blockchain.info/block/00000000000000000028070c4eff21147cc6efbd656498cc0ecd12c892f32bac

Number Of Transactions   2665
Output Total   9,069.87804225 BTC
Estimated Transaction Volume   1,363.92519973 BTC
Transaction Fees   0.62605074 BTC

381$ were paid for 2665 txs, for an estimated transaction value of 832k USD.

[mymenace]

Not much movement on walls as everyone knows, approx. buy/sell walls on bitstamp - buy side stacked to 300, sell side stacked to 850

fundamentals clearly point to market collapse and everyone in position for the fall

bitcoin following gold price now for over 18 months,

recent article explains whats happening and what to buy

https://www.rt.com/business/361575-central-banks-vegas-casino/

buy side a little thinner, sell side alot thinner, green shaded band has met yellow line

check em https://bitcoinity.org/markets

previously

bitstamp



what happens when the green shaded peaks meet back down to the yellow line, seems to be occurring again

[Torque]

[JayJuanGee]

There's nothing really new here, because we frequently get stuck at a certain price point for what seems like an extended period of time, but then the resolution is not clearly one direction or another.  Accordingly, even though there does seem to be a decent amount of upwards price pressures, I do not expect this matter to resolve for sure to the upside.

Our range for a couple of months now seems to be between $560 and $630, so currently, we are not exactly in the middle of the range, and we are floating kind of in the upper part of the most recent price range.

[Paashaas]

The Chinese are not so interested in Bitcoin these days, they are so busy moving there Yuan's into real-estate.

https://www.youtube.com/watch?v=3CPCtlxOgUY

[savetherainforest]

The Chinese are not so interested in Bitcoin these days, they are so busy moving there Yuan's into real-estate.

https://www.youtube.com/watch?v=3CPCtlxOgUY

Those guards at the door... They are doing a bad HODLING job...  

[Hunyadi]

Is it time to leave this range, hopefully 

[savetherainforest]

Well... the feeling is like this... 






Well played lambs! 

[DaRude]

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

[UngratefulTony]

...
and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

The Ransomware and Shitcoin Trading sectors seem to be banging on all cylinders, transactional usage is flat for some reason.   

[r0ach]

and that's with a stable price in last 3months. Where is the volume coming from?   can't be same people selling to themselves just to pay exchange fees  

The price was like $645 in India yesterday.

[UngratefulTony]

and that's with a stable price in last 3months. Where is the volume coming from?   can't be same people selling to themselves just to pay exchange fees  

India pumping Bitcoin to Uranus.

Du u have a related steem article I may reference?

[r0ach]

Du u have a related steem article I may reference?

No, but you may read this:

The sequence of events of WWII without US, Russian, or Jewish propaganda, and why history repeats with the rise of the alt-right being unstoppable: http://www.youtube.com/watch?v=Vnu5uW9No8g

[Karartma1]

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

I think it is one thing only: fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0

Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.

[DaRude]

So there are only BTC1.8k new BTC mined daily. Volume wise we got about:
BTC4k @ Bitfinex USD/BTC
BTC4k @ Btc-e USD/BTC
BTC3k @ Stamp USD/BTC
BTC3k @ Coinbase USD/BTC
BTC3k @ Kraken EUR/BTC
BTC1.8k daily Gemini auction
BTC1k @ LocalBTC USD/BTC

or about BTC20k/day volume from somewhat believable sources

+BTC21MM CNY/BTC

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

I think it is one thing only: fractional-reserve
https://bitcointalk.org/index.php?topic=945881.0

Read that thread and most of your questions will be answered. At first I would not believe that was happening but it is.

But that's exactly why Finex implemented the the multisig with BitGo for easy auditing.. right?  RIGHT??

[savetherainforest]

Du u have a related steem article I may reference?

No, but you may read this:

The sequence of events of WWII without US, Russian, or Jewish propaganda, and why history repeats with the rise of the alt-right being unstoppable: http://www.youtube.com/watch?v=Vnu5uW9No8g

Bitcoin is the Hitler of our times! (*edit: but without the unwillingness(*edit2: of the people))

[PaymyBills]

I can see a pump coming soon. The market still good for crypto and its start show a good reversion. Price will up very well

[gentlemand]

and that's with a stable price in last 3months. Where is the volume coming from?  can't be same people selling to themselves just to pay exchange fees 

Because there's over 15 million potential other coins ready to be sold? And why wouldn't the same bunch of people be buying and selling the same coins to each other? With leverage you don't need vast movements to be making money.