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

[fichtn12345]

A weekend rally tomorrow?

Hopefully. We're already almost halfway back from yesterday's little panic.

It's not quite as fast as the recovery from the Silk Road Bust panic that preceded the autumn 2013 rally, but it shows that the bull is ready to keep charging.

Confirmed.

[AZwarel]

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

[JayJuanGee]

A weekend rally tomorrow?

Why wait until tomorrow?  May as well wait until Sunday then, no?  I guess it does not matter too much on which day it starts and how long it lasts, as long as it does.

[European Central Bank]

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

it doesn't matter what the truth is. there are enough scared children in the bitcoin market willing to shit the bed and run straight into the hands of the adults controlling them. this'll carry on until a majority of coins are in the hands of more hardened traders.

[ImI]

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

we were overdue for a little correction after the nice runup. so this compared with some fuddish-zerohedge-article is the perfect situation to get a setback.

everything fine, except for the fact that ZH should be seen as the hub of trash,fud and crap that it is.

[bit tired]

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

There's another really good read about all the FUD here.

It explains it was FUD then points out that during bull runs these fake China bans Bitcoin stories often appear in the news, but it never gets banned. Zerohedge lost some credibility in return for making some money from shorting. That's the real reason it published that FUD.

https://news.bitcoin.com/reports-china-bitcoin-exaggerated/

Furthermore historically when the price of Bitcoin rises stories of China and other countries banning Bitcoin have appeared in great number. When Bitcoin was on a tear in 2013 reaching close to $1150 per BTC, these stories came out often. Publications like Bloomberg reported on China cracking down on Bitcoin as well as Forbes, the New York Times, and many others. Typically when these reports published, the price took a dive, but government officials banning Bitcoin never materialized.

[fichtn12345]

I say on the 5th of November 2016 everyone cancels any sell orders they have and place buy orders.

lets call it Global Pump Day

the next 24 hours are critical!

[TERA]

I thought what I said was very logical. Until Bitcoin is actually banned in China, there will always be room for some story about it getting banned. I suppose the alternative would be for China to officially endorse Bitcoin, but that would be even less likely to happen.

[monbux]

I say on the 5th of November 2016 everyone cancels any sell orders they have and place buy orders.

lets call it Global Pump Day

the next 24 hours are critical!

For people who don't get the reference

[Vin]

I say on the 5th of November 2016 everyone cancels any sell orders they have and place buy orders.

lets call it Global Pump Day

the next 24 hours are critical!

For people who don't get the reference

Thanks. Getting on.

[Torque]

So get ready to settle in on $699.9999 for a long while, because that's where the FUDster whale(s) wanna take it to.  

So predictable I could set my watch to this crap.  

That is not called settling in, that is called volatility and that is called increased volume, and then we see if one side or the other wins, or if like you are suggesting, there ends up being a $699 truce... Whatever.. there is no inevitability or numerology or any of this other phoney baloney numerology crap that you tend to be inclined to spew out.

REKT - It's called knowing how the whales roll

[JayJuanGee]

So get ready to settle in on $699.9999 for a long while, because that's where the FUDster whale(s) wanna take it to.  

So predictable I could set my watch to this crap.  

That is not called settling in, that is called volatility and that is called increased volume, and then we see if one side or the other wins, or if like you are suggesting, there ends up being a $699 truce... Whatever.. there is no inevitability or numerology or any of this other phoney baloney numerology crap that you tend to be inclined to spew out.

REKT - It's called knowing how the whales roll

It's called a distractional and nearly irrelevant desire to be correct and to engage in unnecessary self-aggrandizement while failing to give specifics at the time of the supposed "calling."  

And, sure at this point you say that you were correct merely because we have kind of been around the supposed call price point for about a day and a half... kind of, but not really.

Remember, within that same post that you quote from me (above), I had asked for you to provide more specifics at that particular time, and what we heard from you at that particular time (until about 33 hours later) was silence.... because 33 hours later you are now wanting to assert that you were correct about some stupid vague and general thing that you said.. and in the end, who gives a shit about your throwing of a dart that happened to land in the approximately correct area that maybe others had been thinking too (but did not say)?

[Killerpotleaf]

chart voodoo is a useful skill.

Torque nailed it.

we did it, we finally did it, we stabilized bitcoin!!

699.99999

[AZwarel]

We're going to keep hearing "Chiba bans Bitcoin" until they actually do.

I do not want to be a dick, but this is a really good read about all this China FUD http://fintekneeks.com/zerohedge-fakes-bitcoin-panic/. Especially the part, where they point to the fact, that China had a +buy volume during the selling, and how insignificant bitcoin is in a 100 trillion market.

Just a thought.

it doesn't matter what the truth is. there are enough scared children in the bitcoin market willing to shit the bed and run straight into the hands of the adults controlling them. this'll carry on until a majority of coins are in the hands of more hardened traders.

I know, right? :-D

That is why my "stash" has increased during the FUD, and the children went home with a loss   I even said to Terra, that i would be glad for a 650+ish correction, so i can buy more BTC, and in less than a day, it did happen, just as we talked about it.

[r0ach]

chart voodoo is a useful skill.

Torque nailed it.

we did it, we finally did it, we stabilized bitcoin!!

699.99999

The Goyz in Tha Hood prefer when it goes up instead.

[Karartma1]

It's a very boring weekend so far and it's not just because of the rain. I don't see much happening. I'll take the best out of it: we are above $700

Adam's suggestion has not been taken into account

[bitebits]

^ Rain? Sipping cocktails here!

[strawbs]

I go offline for a fews days, only to come back to find that "China has banned bitcoin" again  How many times now?

[JimboToronto]

Good morning Bitcoinland.

It's awfully quiet around here. You could hear a pin drop.

Meanwhile the price hasn't changed much... $705 on Bitcoinaverage.

No news is good news, I guess.
_____

Am I the only one having trouble with Bitcoinwisdom this morning?

[mixan]

Yes agreed. The price is pretty boring at $700.
Need some action before the elections in the states drop it down even further if a certain someone wins.