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

[TERA]

Now is the perfect time for me to come out and say something bearish and point at some line on a chart.

[Temp_JayJuanGee]

Good morning Bitcoinland.

Slid back a little I see...$744USD/$1002CAD.

Hopefully we won't stagnate here for too long.

$744? where the heck did you see 744? It's $730 and keep dropping.

Bitcoinaverage.

Yes it's dropping... currently $743.

Then you are looking at the wrong place, check out bitstamp and bitfinex.

Hahahaha

I hate to agree with someone who is coming off as a kind of alphanumeric bot troll, but I tend to agree that picking one or two USD/BTC exchanges bitstamp, bitfinex or even GDAX tends to be a bit more representative of what is happening, as compared with Bitcoin Average.  Bitcoin average tends to move a bit more laggedly (if that is a word?), and sometimes when we are watching volatility dynamics and even attempting to predict price direction(s), we need some measurements that are more "in-touch" with on the ground dynamics - which are the exchanges themselves.  On the other hand, if you are just looking at a kind of average for the whole day.. blah blah blah, then bitcoin average is probably not a bad rough indicator.

Now is the perfect time for me to come out and say something bearish and point at some line on a chart.

You go girl!!!!       

[podyx]

We're still looking bullish.

Going below 720 on stamp and I'll be cautious.

[JimboToronto]

Good morning Bitcoinland.

Slid back a little I see...$744USD/$1002CAD.

Hopefully we won't stagnate here for too long.

$744? where the heck did you see 744? It's $730 and keep dropping.

Bitcoinaverage.

Yes it's dropping... currently $743.

Then you are looking at the wrong place, check out bitstamp and bitfinex.

Maybe you're looking in the wrong place. It's $754 on Huobi. Even higher at Localbitcoins or any Indian exchange.

I use Bitcoinaverage as my principal reference because they average prices from all exchanges weighted to volumes, ignoring volumes from zero-fee exchanges.
____

What am I doing trying to reason with a #sixcharacterrandomalphanumericusername noob?  

[TERA]

The price of Bitcoin on Huobi is like 'the price of tea in China'.

[Karartma1]

Jimbo

What am I doing trying to reason with a #sixcharacterrandomalphanumericusername noob

This goes directly into my personal hall of fame.  

Yes, I also go with Bitcoin Average since there are so many different prices around.
The BTC/ZAR pair on bitx.co is at a crazy $801.10
https://coinmarketcap.com/exchanges/bitx/

We all would love that now

[kurious]

The price of Bitcoin on Huobi is like 'the price of tea in China'.

I thought you were going to point at lines on a chart, Tera?

Now you're teasing, cryptically so.

Point at chart lines, go on.... "Which way now, Miss?"




EDIT: Chinese exchange chart lines don't count

[becoin]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

Last chance to sell at 740 ...

Last chance to buy at 740 ...

[GreekGeek]

This is frustrating  

I know for sure that if I sell it will go up
and if I hold the price will go down

 
 

[Fakhoury]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

Last chance to sell at 740 ...

Last chance to buy at 740 ...

Out of curiosity, what makes you sure buddy ?

[DaRude]

This frustrating  

I know for sure that if I sell it will go up
and if I hold the price will go down

 
 

Then sell damn you. Take a bullet for the rest of us. We promise to remember you as the geekiest sacrifice

[becoin]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

Last chance to sell at 740 ...

Last chance to buy at 740 ...

Out of curiosity, what makes you sure buddy ?

Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold.

[Fakhoury]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

Last chance to sell at 740 ...

Last chance to buy at 740 ...

Out of curiosity, what makes you sure buddy ?

Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold.

Perfect, so I can understand that no worries over here, am I right ?

Also, what do you think about the recent dip, is it another correction or some bearish news I didn't hear about ?

Thank you 

[becoin]

Don't you guys think that after all those failed attempts to brake resistance at 5400 yuan, and with Christmas coming, it is time for an epic dump?

After all those failed dumps?

True. Let's see what happens at the next test of the resistance....

Last chance to sell at 740 ...

Last chance to buy at 740 ...

Out of curiosity, what makes you sure buddy ?

Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold.

Perfect, so I can understand that no worries over here, am I right ?

Also, what do you think about the recent dip, is it another correction or some bearish news I didn't hear about ?

Thank you 

It was very well coordinated dump to coincide at the same time with:
IRS attack on Coinbase
difficulty rise
push to revive blocksize debate
tx spam attack
eth fork

But bitcoin is a train that can't be stopped.

[Fakhoury]

Out of curiosity, what makes you sure buddy ?

Ascending wedge. Higher lows after each dump. Defending seller gets growing difficulties in buying back bitcoins they've sold.

Perfect, so I can understand that no worries over here, am I right ?

Also, what do you think about the recent dip, is it another correction or some bearish news I didn't hear about ?

Thank you 

It was very well coordinated dump to coincide at the same time with:
IRS attack on Coinbase
difficulty rise
push to revive blocksize debate
tx spam attack
eth fork

But bitcoin is a train that can't be stopped.

I agree with you, so we will reach a threshold where all those sellers will be sucked in and the rocket will be north-skyrocketing, am I right ?

Plus, can this dump be considered as shaking weak hands which equals to whales harvesting (cheap coins) until we move to our next station ?

Do you agree with me that this correction will end in matter of 1-2 days ?

Much questions I know, but a learner here

[sirazimuth]

the train is indeed unstoppable.
ive been auto weekly buying a small piddling amount of btc and hodeling for past 3 years now.
if only all my other investments did as well.... (there was one actually, but im not going there )

[PoolMinor]

the train is indeed unstoppable.
ive been auto weekly buying a small piddling amount of btc and hodeling for past 3 years now.
if only all my other investments did as well.... (there was one actually, but im not going there )

Yeah CENT worked for me also....



So, the upcoming 'merican holiday approaching, do we sell or buy? 2013 the price continued upwards until the following Friday, I sacrificed 0.134 BTC today for Amazon gift card. Go Bitcoin!!!


Edit:

Looks like the backlog getting higher. My gift card purchase still hasn't confirmed, I spent the funds already though.

The fees show 11,985 BTC 0.o ?

[unknown04]

This week's price is boring AF.... it goes down and comes back up a little then drop a little and up.... I need some excitement!

[sirazimuth]

This week's price is boring AF.... it goes down and comes back up a little then drop a little and up.... I need some excitement!

well then, go to vegas and bet your life savings on the roulette wheel

[forzendiablo]

BTC will topught 780-800 within 48h from what i see.

do not be scared, buy the coins people!