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

[JimboToronto]

(And for the record, I only bring up the $699.9999 thing to rub it in the noses of all those trolls constantly repeating the false mantra that China drives all of Bitcoin, including actual volume interest and pricing. Clearly they don't.)

Don't sweat it. I actually made reference to it when the price ended up at exactly $699.9. Likewise I don't mind the Salma Hayek pix and I think all non-Americans found the recent election amusing.

I was just playing with Edgar.

Cheers!

[Karartma1]

I definitely think we need more coffee as well as more baseball. And the more good mornings we have the better it gets. And from the moment this is the best thread ever let's keep it this way. 

On a completely different note, I had my monthly recurring buy order filling at $689 and we are back to $705: I'm cashing out the small profit and maybe I'll buy more coffe too.

[Temp_JayJuanGee]

I'm having some issues with my main account, so admins suggested that I could post with a temporary account, until my main account gets sorted out.

It took me a little while to read and digest the below linked article, which is a response to a request for comments submission by ARK investment regarding the bitcoin ETF.

https://www.sec.gov/comments/sr-batsbzx-...630-23.pdf

In essence, ARK investment do not seem to be against a bitcoin ETF; however, they are of the opinion that at this time, a bitcoin ETF would be premature because in part, they believe that the bitcoin market is insufficiently liquid and accordingly a bitcoin ETF would likely cause way too much upwards volatility. Furthermore, they seem to be strongly suggesting that there are potential conflicts of interest with the winklvoss twins and the ETF and Gemini Exchange, which could be true, and is further commented upon in Reddit, below link:

https://www.reddit.com/r/Bitcoin/comment...nvestment/

Also, the reddit link, above, shows that the ARK investors seem to have a kind of competing product... hm?

Anyhow, surely, the ARK investors are entitled to their opinion, and they seem to be a bit more knowledgeable than me in regards to the history and functions of ETFs - nonetheless, I kind of remain of the opinion that the supposed lack of maturity of the bitcoin market, the ability to manipulate bitcoin and its prices and bitcoin's inability to support an ETF is overstated, yet I can understand why regulators may act with a bit of conservativism and caution.

Regarding current state of bitcoin liquidity versus future liquidity, surely there may be some prematurity in suggesting that bitcoin remains too small - because if there is another 10x or 100x increase in prices (and market cap), which are quite possible, it becomes much more difficult to manipulate BTC prices - even though I would concede that we gotta get some more development in bitcoin regarding how various exchanges influence prices (which seems to make BTC seem even smaller with greater manipulative outcomes)

[podyx]

Cmon baby, let's see some god damn glow now.

[Temp_JayJuanGee]

At the moment I do not worry at all. Even if bitcoin would really reach back to 600$.
My stock portfolio moved it's price about 25% the last week, and I have much more in there than i have in btc.
The price still behaves in normal paths.

Sure, it seems pretty likely that we are not going to get any kind of exact correlations between various traditional markets (whether USD based or some other fiat), because it seems to be becoming more and more apparent that bitcoin is functioning fairly clearly as a one of a kind new asset class.   Yeah, sometimes, there is surely going to be some parallel price movements, yet in the end, it seems prudent that any person who has money to invest and who is investing in various kinds of traditional assets should take some kind of stake in bitcoin (whether that be .1% of their investment holdings, or maybe even higher percentages, such as 10% or higher could be justifiable for some folks).

[Temp_JayJuanGee]

This thread lost its meaning a long time ago. The last real wall was seen some time in late 2014.

Walls still there and increasing 5000btc to $600 on bitstamp

https://bitcoinity.org/markets/bitstamp/USD

More exchanges, so smaller walls as buy/sell options is spread out over various exchnages

I don't think you know what a wall is. You can't just point at half of the entire order book of unrelated small orders and call that a wall.  A wall is a single vertical piece of the order book.  For example one single order for 5,000-30,000 coins or a few very close orders for 5,000 coins each.  You saw this frequently on gox. Occasionally they would stack like 50 orders for 500 btc each that were all 10 cents apart,  as if anyone was fooled by that.

Now this was a wall!
https://i.imgur.com/NVVjOLY.png

It's funny how even how even at $11,  which is 1.5% of today's price,  the FIAT VALUE of that wall totally dominates any of the walls today.

This seems to be a bit of a baloney theme (myth) that Tera wants to perpetuate.

Nonsense.


There is no "good ole days" in which walls were more grand and better and blah, blah, blah.

The fact of the matter is that today there are numerous exchanges, and a wall of 170k BTC is very similar to a wall of 2,500BTC today, in terms of fiat value, and who gives a ratt's ass if we actually see those kinds of walls, because today there is no real consensus regarding which exchanges lead price movement, and today, we have a bit more back and forth and dancing between which exchange(s) lead and which follow, and likely any whale who wants to attempt to manipulate prices has to spread out such influence because s/he is going to get r3ckt if attempting to manipulate prices from only one exchange. 

Likely also, with such uncertainties pertaining to who the fuck is leading, we have a better bitcoin market today than we had in late 2012 (more liquidity and more decentralization in spite of some of the understood phony shenanigans going on in several of the CNY/BTC exchanges - including at least okcoin, huobi and btcc)

TLDR:  I am not buying this idea of better "good ole days" blah, blah, blah.  We gots the days that we gots, and currently they are seeming pretty decent and even at times, better (based on at least overall liquidity improvements  and overall improvements in decentralization) than the past nostalgia.

[Temp_JayJuanGee]

And for the record, I only bring up the $699.9999 thing to rub it in the noses of all those trolls constantly repeating the false mantra that China (specifically the Chinese citizens) drives all of Bitcoin, including actual volume interest and pricing. Clearly they don't.)

Yeah, but the substance of your assertion remains a kind of nonsense, even if you assert that you are attempting to battle a chinese controlling bitcoin nonsense.

Your assertions do not lend much evidence to the support that western prices are controlling... and yeah, you continue to put too much weight on the concept that "we are all being played, manipulated by a small number of hands."

In the end, we have multiple forces that are pushing BTC prices and sometimes, momentarily BTC prices are going to get stuck at various sticking points, but coincidentally getting stuck at various price points that seem to align with western numbers, rather than chinese numbers, is a kind of nonsense kind of pseudo-astrology.. that mean close to nothing.   
 

[Torque]

...but coincidentally getting stuck at various price points that seem to align with western numbers, rather than chinese numbers, is a kind of nonsense kind of pseudo-astrology.. that mean close to nothing.  
 

1. Oh god, the master troll is back. I was hoping that you left for good.  

2. Just saying this is not only non-sensical, but also just plain stupid. Also lack of smoking gun, hard evidence doesn't make what I'm saying false. Empirical evidence is plenty and aligns with common sense.

3. How about I tell you that all your silly, snide, circular ramblings amount to "close to nothing", hmmm?    

[Meuh6879]

 


India cut his ATM to delete the (big cut) cash in 2 days.
Egypte devaluate his money at 60%




Bitcoin ?
Always ON ... and no problem.

[Master mind]

Craig Wright with 10% of all BTC


Bitcoin ?
Good decentralized coin.
Always ON ... and no problem.

[Killerpotleaf]

 


India cut his ATM to delete the (big cut) cash in 2 days.
Egypte devaluate his money at 60%




Bitcoin ?
Always ON ... and no problem.

 ? really?

[Temp_JayJuanGee]

...but coincidentally getting stuck at various price points that seem to align with western numbers, rather than chinese numbers, is a kind of nonsense kind of pseudo-astrology.. that mean close to nothing.  
 

1. Oh god, the master troll is back.

Sometimes I wonder about you Torque.

Sometimes you post some insightful shit, but then other times you post pure shit.. It's like you could be kind of smart, but you are lacking some insight because you believe in astrology or something?  Hm?

Calling me a "master troll" is a bit ridiculous.  Makes me wonder if you even understand what a troll is?  Could be that you are just making up your own definition?  You know merely because someone posts ideas that either criticize your ideas or they use concepts that you do not understand, that does not make the person either a troll or a "master troll."  Maybe you think that using the term "master" helps to emphasize your point? however, you should realize that if you exaggerate,then you are likely going to lose even more credibility.. that is if you have credibility?    

Maybe you think that using the word "master" you are suggesting that I am too assertive in my criticism or the strength of my language, but really, such assertiveness or strength of language would likely not be necessary, if you were to recognize your own level of absurdity when you seem to be hinging too much of your arguments on ridiculous kinds of frameworks including numerology, conspiracy manipulations and riddle presentation (like we are suppose to guess what you are saying because you are purposefully using irony and counter-logic)... OMG  !!  

I was hoping that you left for good.  

Probably not very good thoughts and feelings... but, sure, you have rights to your own feelings... even though it seems a little counter-productive to wish someone goes away (in a quasi-public thread).

2. Just saying this is not only non-sensical, but also just plain stupid. Also lack of smoking gun, hard evidence doesn't make what I'm saying false. Empirical evidence is plenty and aligns with common sense.

Of course, you do not have to have hard evidence in order to make assertions about facts that you do know.  I doubt that I my assertions arise to a level of claiming that you are totally pie in the sky.  It is just sometimes you seem to put too much emphasis on certain kinds of arguments and claims... -- take your stupid-ass assertion regarding $699.99999.. It is just dumb, and I don't really want to get caught up in a silly criticism of it, even though you get all caught up in making such an assertion and claiming that it has some kind of meaning - when yeah in order for the price to get from $710 down to $680 it has to pass through $699, and in order for the price to return back up from $680 to $710 it also has to pass through $699.  Yeah, right it may get stuck there for a little while, but so fucking what.. it does not mean as much as you seem to be making out of it.. and then your claims to be "correct" in your prediction also seems to be ridiculous.  I can claim that the sun is going to come up too, and I can claim that there are going to be cloudy period hovering around certain times of the day, and then claim that I am  correct when it happens but it is a bit ridiculous, and seems like a big waste of time to get caught up in such topics that have little to no meaning while you are attempting to get credit for such nonsensical predictions.

3. How about I tell you that all your silly, snide, circular ramblings amount to "close to nothing", hmmm?    

There is no reason to take any of my comments or feedback personally.  I am attempting to attack your arguments, and not you as a person...

[r0ach]

Cmon baby, let's see some god damn glow now.

Your wish is granted

https://youtu.be/S51cFBjOoOQ

[Temp_JayJuanGee]

Craig Wright with 10% of all BTC


Bit[Suspicious link removed]d decentralized coin.
Always ON ... and no problem.

You make no sense, but I suppose if you are merely trying to spread FUCD, you do not need to make any sense.       

[Elwar]

Craig Wright with 10% of all BTC


Bitcoin ?
Good decentralized coin.
Always ON ... and no problem.

Prove that Craig Wright owns any bitcoins.

He cannot do this, I doubt you can either.

[redsn0w]

[r0ach]

Man with down syndrome tackles hillary supporter to make america great again: 

http://www.youtube.com/watch?v=m0JTl2fVqF8

[savetherainforest]

Man with down syndrome tackles hillary supporter to make america great again:  

http://www.youtube.com/watch?v=m0JTl2fVqF8

Oh My God!!!.... THat was EPIC!!!   ... Best sh!t I've seen all month...  

... And then the part with.... "Shame! Shame! Shame!"  ... ROFL!!!... This world is so retarded!!!... And I love it!!!  

[Paashaas]

Bitcoin Futures Might Be Coming Soon  

http://www.nasdaq.com/article/bitcoin-futures-might-be-coming-soon-20161114-00953

http://www.wsj.com/articles/bitcoin-futures-might-be-coming-soon-1479143252


Bitcoin ETF + futures =

[Ted E. Bare]

Realistically speaking the bitcoin price will have to become much much higher once those institutional investors get involved, right?