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

[Meuh6879]

[strawbs]

Feels like she's revving up for another climb - this is so 2013 

[ImI]

Lol finex 7000 BTC wall

at $1000

do you think it is fake?

i think we can understand when we come to there..

lets see..

i dont think its fake. its 1000$ there are supposed to be some sell-orders there.

[spooderman]

only thing making me uncomfortable is how thin the bids are on finex. that is thin af!

[machasm]

A little more news coverage never hurt anybody
http://www.cnbc.com/2016/12/29/forget-about-dow-20k-bitcoin-is-about-to-hit-1000.html

[strawbs]

only thing making me uncomfortable is how thin the bids are on finex. that is thin af!

I haven't kept up with developments for a while - which Chinese exchange is now considered to have most (non-fake) volume? I'm assuming finex is light on depth and volume these days, especially post-hack?

[egghead123]

[wutizurkwest]

I haven't kept up with developments for a while - which Chinese exchange is now considered to have most (non-fake) volume? I'm assuming finex is light on depth and volume these days, especially post-hack?

I can't speak to the Chinese volume, I'm only tracking Houbi and BTCC and both look completely fake.  As for the others, Finex has been a leader lately:

[Lauda]

Lauda must be taking an extended lunch break. He's been overworked lately. Someone buy the man a stimulating beverage.  
_____

edit: Gone already, thanx Lauda.

It's become a strong rally indicator.

Indeed, as if we needed another.

Just the fact that every time lately that they try  to knock it down and cause a panic dump, it fails and the price bounces back up, is a strong rally indicator.

I think that the user or group in question is actually panicking at this point. The spam frequency keeps increasing the closer Bitcoin gets to breaking $1000. We are trying our best, and you're welcome!
In the meantime, I'm still positive regarding the stability on Bitstamp above $960. I actually would prefer it to stabilize a bit before spiking again, but you never know with Bitcoin.

[wutizurkwest]

I haven't kept up with developments for a while - which Chinese exchange is now considered to have most (non-fake) volume? I'm assuming finex is light on depth and volume these days, especially post-hack?

I can't speak to the Chinese volume, I'm only tracking Houbi and BTCC and both look completely fake.  As for the others, Finex has been a leader lately:

Last 7 days:

[strawbs]

I haven't kept up with developments for a while - which Chinese exchange is now considered to have most (non-fake) volume? I'm assuming finex is light on depth and volume these days, especially post-hack?

I can't speak to the Chinese volume, I'm only tracking Houbi and BTCC and both look completely fake.  As for the others, Finex has been a leader lately:

Last 7 days:
[images removed]

Thanks for that. I guess we look to finex for now then. I suppose we can take comfort from the thin bids there, since it shows that few holders want to sell at the moment - everyone expects a further bull run.

[JimboToronto]

I'm pretty sure Lauda is not a man.

I'll take your word for that one.

Not that it matters, but what led you to believe that?

[Odalv]

I haven't kept up with developments for a while - which Chinese exchange is now considered to have most (non-fake) volume? I'm assuming finex is light on depth and volume these days, especially post-hack?

I can't speak to the Chinese volume, I'm only tracking Houbi and BTCC and both look completely fake.  As for the others, Finex has been a leader lately:

Last 7 days:
[images removed]

Thanks for that. I guess we look to finex for now then. I suppose we can take comfort from the thin bids there, since it shows that few holders want to sell at the moment - everyone expects a further bull run.

Finex ? Do not buy IOU, in the end you will only cry.

[Holliday]

Lol finex 7000 BTC wall

at $1000

do you think it is fake?

i think we can understand when we come to there..

lets see..

i dont think its fake. its 1000$ there are supposed to be some sell-orders there.

The better question is: Who is stupid crazy enough to send 7k coins to Finex?

Some whales are just begging to get Goxxed.

[savetherainforest]

Just report it to the mod, hell I mention litecoin and my posts get pulled.

Meantime I'm back to other things instead of waiting for it to hit 1000. Doesn't really matter, by the time I think of selling for fiat, fiat will be something you use to light fires and will be priced appropriately.

The only fiat I deem 'relevant' is gold and silver coins or any other shape or form made from those metals. And I have a good feeling about copper as well in the future, buy a few tons and you will profit.  

[strawbs]

I haven't kept up with developments for a while - which Chinese exchange is now considered to have most (non-fake) volume? I'm assuming finex is light on depth and volume these days, especially post-hack?

I can't speak to the Chinese volume, I'm only tracking Houbi and BTCC and both look completely fake.  As for the others, Finex has been a leader lately:

Last 7 days:
[images removed]

Thanks for that. I guess we look to finex for now then. I suppose we can take comfort from the thin bids there, since it shows that few holders want to sell at the moment - everyone expects a further bull run.

Finex ? Do not buy IOU, in the end you will only cry.

I'm not buying, mine are all in cold storage. Just trying to figure out which exchange most accurately reflects volume and depth.

[JimboToronto]

The only fiat I deem 'relevant' is gold and silver coins or any other shape or form made from those metals. And I have a good feeling about copper as well in the future, buy a few tons and you will profit.  

I thought that "fiat" by definition is money created by government decree.

Coins minted from precious metals may owe some of their value (face value) to decree, but they still have some intrinsic value due to their metal content.

This is why very few fiat coins are made of precious metals anymore. As their real value surpasses their face value due to fiat devaluation and as the price of precious metals rises, they are replaced with coins minted from base metals.

The last time I was using the BTC ATM at Toronto gold, there was somebody there cashing in a sizeable hoard of real silver Canadian dimes (discontinued in 1968). I thought most of those got melted down during the Hunt silver fiasco in 1979-80. It gave me flashbacks to my childhood when I used to dissolve dimes in nitric acid to make silver nitrate for photosensitivity experiments.

Precious metals are still precious but today's fiat coins are just glorified wooden nickels.

[yefi]

I'll take your word for that one.

Not that it matters, but what led you to believe that?

Hm, overconfidence in posters on this forum is what. Deeper inspection reveals he most likely is a man. Now if you excuse me, I need to slap an egg on my face.

[savetherainforest]

The only fiat I deem 'relevant' is gold and silver coins or any other shape or form made from those metals. And I have a good feeling about copper as well in the future, buy a few tons and you will profit.  

I thought that "fiat" by definition is money created by government decree.

Coins minted from precious metals may owe some of their value (face value) to decree, but they still have some intrinsic value due to their metal content.

This is why very few fiat coins are made of precious metals anymore. As their real value surpasses their face value due to fiat devaluation and as the price of precious metals rises, they are replaced with coins minted from base metals.

The last time I was using the BTC ATM at Toronto gold, there was somebody there cashing in a sizeable hoard of real silver Canadian dimes (discontinued in 1968). I thought most of those got melted down during the Hunt silver fiasco in 1979-80. It gave me flashbacks to my childhood when I used to dissolve dimes in nitric acid to make silver nitrate for photosensitivity experiments.

Precious metals are still precious but today's fiat coins are just glorified wooden nickels.

Hmmmm... I see more value in breathable air, wood, water, organic consumables and processing power.. But rocks, metals and precious metals are somewhere at the end of the list for me. And it is weird to see an awakening.. Of everybody wanting more organic produce and not mass scale industrial productions that are genetically modified. The thing is that organic things are way, way, wayyyyyy more cost/energy consuming to produce them on a large scale. So basically the world is not sustainable. And I'm not really sure what will happen when people will not have clean air, healthy unpolluted soil, clean drinking water. Because standards will rise and there will come to dark conclusions that there is poison in everything. And changing our diet may be harder than we think, to make us return to a cleaner path.. because even radioactive material or many toxins can get passed to the next generations. Then there will be.. or it will be a genetic cleansing where people will not get married to make children on matters of "clean future genetic potential". Humanity is on a brink of divide. But yeah.. sry I got sidetracked there.. But.. I see gold + silver as the next global money system since we have technology to verify things like money authenticity better than in the past. And I call it "fiat" because there will always be more! And when we will finish mining it from Earth we will mine the Moon, then Mars, Venus(but first we need to fix the atmosphere there), the Asteroid Belt, the Sun, etc... So it is somehow endless.  

[JimboToronto]

...I see more value in breathable air, wood, water, organic consumables and processing power.. But rocks, metals and precious metals are somewhere at the end of the list for me. ...

I'm probably a little older than you but long ago I realized that the most valuable assets are people.

To paraphrase Freewheelin' Franklin of the Fabulous Furry Freak Brothers, friends will get you through times of no money better than money will get you through times of no friends.

When the shit hits the fan, which would you rather have? $100k in fiat currency, 100 cases of Uzis and ammo, 100 skids of canned food and 100 barrels of drinking water, 100 kilos of Shirak-i-Mazar, or 100 friends with whom you could trust your life? I'll take the friends any day.

I understand you were making a case for clean natural organic commodities versus corporate manufactured crap, but I'm saying that human resources trump outdo them all.

(It's a sorry commentary that I feel reluctant to use an expressive English verb because of some xenophobic bigoted reality TV personality. I try to keep my nose out of foreign politics but I'll say this: If you want to make America great again, open up Ellis Island again. It's what made America great in the first place.)

Human resources are far more important than natural resources.