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

[molecular]

It makes me wonder if the "official" cny/usd exchange rate isn't just a fixed manipulated lie and what we are seeing as a spread between the chinese exchanges and the western exchanges more realistically represents the value difference of said currencies, in the real world..

yes, likely.

Isn't that awesome: bitcoin brings transparency to other markets and uncovers manipulation.

[Denker]

This correction (hopefully just that) is pretty welcome. Was getting too bubbly..

Absolutely!
This ride was getting really scary!
Some cooling down is good and healthy!
The USD ATH is left as the last resistence we have to break for entering new uncharted territory.
I can wait a few days or even weeks for that to happen.No reason to rush for it now.

[RGR991]

China and their phantom volume leading the pump.

Either 1: China Gov't will crack down on the capital outflows into Bitcoin
         2:  A Major exchange will magically be "hacked" (seems to happen on every price spike)

or 3: ??


Tread carefully

[practicaldreamer]

Uphold looks interesting.
0.75% exchange fee is a little high but certainly looks convenient way to swap currencies.

isn't the ceo of uphold borderline anti bitcoin? i seem to remember him saying it would be nowhere in a few years,

I don't think the guy was ever anti bitcoin - I think it was more a case of that he saw BTC as the oil in the machine - the everyday punter would be using it, but they wouldn't know they were using it, type of thing.

[practicaldreamer]

or 3: ??

The Chinese Govt. themselves are filling up on BTC - just like they did on gold.

There will, after all, only ever be 21 million of them.

[HairyMaclairy]

There's always been a big gap between prices in China and the western exchanges but this is getting ridiculous. Huobi is currently over $100 higher than any of the western exchanges.

There's no correction happening at Huobi.

shit you're right, wtf

Looks like BFX just figured out China was not taking its lead.

[eddie13]

There's no correction happening at Huobi.

yeah and it sucks.. I sold my long at 8424 and it hasn't come down for me to buy back in like the other exchanges have..

Still holding all my profits in BTC but no leverage, BTC trading stake currently up 60%..
So not only has BTC gone up like 40% but I have made 60% more BTC at the same time..

I only wish I had the balls to trade with more capitol, more of my stash..
I'm afraid that if I do trade with more that it would effect me psychologically and I would be less successful..

[Killerpotleaf]

[JayJuanGee]

bfx over 1100 alrdy, and there are not much coins left on the sell side

16K shorts still need to close!

i would love to meet with some of those shorters and have a beer or something. i mean, what drives them? what are the reasons to short btc in such a run? inexperience? gambling with money of other people?

it be call dumbing

[kurious]

There's no correction happening at Huobi.

yeah and it sucks.. I sold my long at 8424 and it hasn't come down for me to buy back in like the other exchanges have..

Still holding all my profits in BTC but no leverage, BTC trading stake currently up 60%..
So not only has BTC gone up like 40% but I have made 60% more BTC at the same time..

I only wish I had the balls to trade with more capitol, more of my stash..
I'm afraid that if I do trade with more that it would effect me psychologically and I would be less successful..

Never risk the lot, make good profits on high risks with small stakes, or lower risks with bigger stakes.

And don't be greedy, always sell your position 'too early' it's way better than 'too late'.

[Dafar]

Crash of the century?

Rally over??

Double Top???   








 

[Hyperjacked]

Crash of the century?

Rally over??

Double Top???  








 



Don't think so

[Hyperjacked]

Someone lost the shirt and the btc account shorting....ouch

Who be crazy enough to short btc during these epic times

https://www.reddit.com/r/Bitcoin/comments/5m0suc/someone_just_lost_10million_trying_to_short/

[smoothie]

...
Never risk the lot, make good profits on high risks with small stakes, or lower risks with bigger stakes.

And don't be greedy, always sell your position 'too early' it's way better than 'too late'.

This is not always true.

If you sold too early and the price was $100

But selling at "too late" is $500 after a crash...

 

[Killerpotleaf]

china breaking out of bullish flag poll
whole bunch of stampers got trapped.
new high incoming...
we'll probably be at 10,000CNY before any seeing any sign of weakness.

[brokedummy]

I still haven't sold a single satoshi.   

[Hyperjacked]

Man I love timing the bottom...

[eddie13]

Now I don't really claim to know a lot of technicals or necessarily believe in them period but..

[rjclarke2000]

Now I don't really claim to know a lot of technicals or necessarily believe in them period but..

So does this mean it's getting pinched and will violently go either up or down at the crossover bit?

[Killerpotleaf]

definitive break in the east

poeple of the west done with there panic profiting.

new high incoming.