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

[DaRude]

Guess that BTC1k ask wall on Finex was eaten

[log2exp]

Needle is showing up on the chart. Any news from Deutsche Bank?

[Dafar]

Needle is showing up on the chart. Any news from Deutsche Bank?

China yuan sinks to six-year low, and possibility of a green light for the ETF

[AZwarel]

Someone was complaining about the low attendance over here a few days ago ( i still read this daily, just has nothing to say).

And in 24h, we get this funny spike :-D

Now, i can not go to sleep, have to watch the *popcorn*!
Missed craziness. That should be a vote! "Do you miss crazy volatile bitcoin?" hehe

[JayJuanGee]

Needle is showing up on the chart. Any news from Deutsche Bank?

It seems to be a very decent sign if BTC prices have upwardly broken the $550 to $630 price range....

It has been a bit more than 2 months since we have been out of the price range - and for some reason, it has even seemed like longer, especially since we have been in a correction period for nearly 4 months...

NO, bitcoin is not dead.. and maybe it could be time that we resume our upward trend..

getting passed $630 is good, but then we are likely going to get some resistance in the upper $600s and in the upper $700s... and this little bleep, is way to short of a time period and way too low in volume to get too excited about the potential for the upwards price moving matter.

I'm not complaining, but I will start to get a bit more excited if we are able to break resistances in the upper $600s and upper $700s... any thought?

[Searing]

 hmmmmmm............?..............btc is at $635.......nice surprise so far



.

[JayJuanGee]

Needle is showing up on the chart. Any news from Deutsche Bank?

China yuan sinks to six-year low, and possibility of a green light for the ETF

I found two links to what you are saying, and sure, could be some influential factors.


https://www.reddit.com/r/Bitcoin/comments/56wbs5/chinas_yuan_sinks_to_sixyear_low_bitcoin_surges/





https://www.reddit.com/r/btc/comments/56sqte/sec_to_rule_on_winklevoss_etf_on_wednesday/

[noobtrader]

 hmmmmmm............?..............btc is at $635.......nice surprise so far



.

wuzzz... i just saw it too...

what happened  

[Ahab_Hunter_of_BearWhale]

Needle is showing up on the chart. Any news from Deutsche Bank?

China yuan sinks to six-year low, and possibility of a green light for the ETF

If you look at btc's historical rallies they have coincided with more seriois yuan devaluations - soo with China in another housing bubble, and China wanting to keep suppressing yaun price relative to other Fiat currencies so the country can continue to be a large net exporter nation - it opens up the possibility for global digital currencies, or digital silver or gold to work as a partner to the yuan so that as the people in China become wealthy, they can frontrunner the likely eventual increase in yuan value relative to other Fiat by switching early to Btc and the like.

[siera]

Nice morning spike. The only way is up baby

[Karartma1]

Don't you know that in China they are starting to eat Bitcoin for Lunch?

[siera]

Don't you know that in China they are starting to eat Bitcoin for Lunch?

Only with one stick?

[Karartma1]

 

 

They are hungry, they can't use them both sometimes. Understand them

[JayJuanGee]

 

They are hungry, they can't use them both sometimes. Understand them

Using one chopstick seems to be culturally acceptable, as long as you do not stick the chopstick(s) in your food, which could be a challenge?



"""""Taboos — Five Tips for Using Chopsticks

When using chopsticks to eat, people need to pay attention to some taboos and common conventions:

1. Don't point your chopsticks (or index finger) at others. This is seen as a sign of disrespect. Likewise, don't wave your chopsticks around in the air or play with them while eating.
2. Don't knock on tableware with chopsticks: this is seen as a sign of begging.
3. Don't stir food with your chopsticks to find what you want. This is very rude (and unhygienic).
4. Don't invert your chopsticks, i.e. use them the wrong way round (to avoid losing face).
5. Never stick chopsticks into your food, especially not into rice. Only at funerals are chopsticks stuck into rice on an altar, where they look like joss sticks, also burnt on the altar for the dead."""""


http://www.chinahighlights.com/travelguide/chinese-food/chopsticks.htm

[dumbfbrankings]

Ain't it obvious?? You bunch of ingrates!      

[JayJuanGee]

So far, only about 3.5 hours of increased volume...

Usually we need to witness a few days or even weeks of increased volume to conclude that there could be some kind of movement underfoot and possibly a passion for significantly transcending the BTC price out of its couple of months' channel.

No?

[savetherainforest]

With ViaBTC moving all their hashrate (~12%) to Bitcoin Unlimited... looks like SegWit is going to get blocked and scaling will be at a standstill again.


I don't see this as positive news at all.

Yeah, this would suck monkeyballs.  A veto / impasse situation is quite negative, but I don't want to sell my coins with so much of the good stuff just around the corner.

The only way I thought about it would be if they where somehow hoarding computing power over the years from recycled electronics and they just brought them up online after they could reach a certain consensus for 30-40% ... and with the extra computing power they would go 50%+1. 

[LFC_Bitcoin]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

[Searing]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

Sure hope so I was gonna dent a pump and dump 10 BTC to knock some real world equipment costs down to the bank and electric...whoo hoo pump ( I have no jinx'd you all ..prepare for the price to dump or go sideways)

[mymenace]

Good morning GENTLEMEN, not much to get excited about but finally a decent move in the right direction. The US still sleeping right now, do we have the potential for an attack on 650?

Sure hope so I was gonna dent a pump and dump 10 BTC to knock some real world equipment costs down to the bank and electric...whoo hoo pump ( I have no jinx'd you all ..prepare for the price to dump or go sideways)

Sell walls have been demolished

on bitstamp
to buy last week about 5700BTC took the price to about $850
now to buy 5700BTC price goes to $1400