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

[eddie13]

https://bitcoinwisdom.com/markets/coinbase/btcusd

coinbase taking off on its own now..

Did Coinbase just bypass Stamp for coins?

Idk about vol but price yeah and steady for a while now..

1163.3 vs 1159.9 now...

[1713973454]

1713973454

[PoolMinor]

Name   Market Cap           Price             Available Supply   Volume (24h)   % Change (24h)   
Bitcoin   $19,089,012,930   $1186.85       16,083,762 BTC    $369,282,000     11.74%

[2017Bubble]

8888

Prepare for your over 9000 gifs gents.

 

[PoolMinor]

[notme]

8,800 Incoming... I said it before, and say it again:

Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.


8,800? I mean why not right?

Might as well go for 8888.

[Torque]

I smell conspiracy.  Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?

[HairyMaclairy]

8888 done.  Next stop?

[eddie13]

coinbase $10 over bfx now..

just hit $19 over!!! WTF

[Bitcoinb0b]

8is like the luckiest number in Chinese culture.

[coolbeans94]

Since this is a speculation thread, I'm calling 10,000 in the next 24 hours... Grab (another) bag of popcorn folks.

[hifzi]

did you guys still believe chinese price??

they are just faking volume, there no actualy buy or sell,
they just hold bitcoin, the exchange just pump without money

[Ibian]

did you guys still believe chinese price??

they are just faking volume, there no actualy buy or sell,
they just hold bitcoin, the exchange just pump without money

So?

[coolbeans94]

Since this is a speculation thread, I'm calling 10,000 in the next 24 hours... Grab (another) bag of popcorn folks.

Keep in mind hitting 10,000 is "only" 13% more now!

[eddie13]

did you guys still believe chinese price??

they are just faking volume, there no actualy buy or sell,
they just hold bitcoin, the exchange just pump without money

It's real money alright..
I know because I'm taking it..

coinbase playing with $20 higher than bfx leading all western prices..

[notme]

I smell conspiracy.  Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?

Nope.  Coinbase has their own exchange now: https://gdax.com

[savetherainforest]

Is the year of the bunny in the Chinese calendar here yet??  








*edit:   In 2023 is the year of the 'water rabbit'.  

[tabnloz]

8,800 Incoming... I said it before, and say it again:

Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.


8,800? I mean why not right?

Yeah. Continuing devaluation and rumors of capital controls.

8,850 Why not??? Just print moar fiat! No problem!

It's not really the "money printing", its the loss of purchasing power (symptom of this though; devaluation and strengthening USD), and fear of being locked in to a devaluing currency. It's part of a bigger trend. Bitcoin is just a protocol and conduit.

[coolbeans94]

8,800 Incoming... I said it before, and say it again:

Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.


8,800? I mean why not right?

Yeah. Continuing devaluation and rumors of capital controls.

8,850 Why not??? Just print moar fiat! No problem!

It's not really the "money printing", its the loss of purchasing power (symptom of this though; devaluation and strengthening USD), and fear of being locked in to a devaluing currency. It's part of a bigger trend. Bitcoin is just a protocol and conduit.

Limitless Unrestrained money printing via fractional reserve banking = Loss of purchasing power. Even with the fixed exchanged rate of CNY/USD. The thing is it is a fixed exchange rate = fake exchange rate; if all restrictions were lifted and we had a free market exchange rate what you would see is exactly what your are seing in CNY/BTC.

[Torque]

I smell conspiracy.  Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?

Nope.  Coinbase has their own exchange now: https://gdax.com

Yeah but when they run out of coins, they have to get them from somewhere else.

[eddie13]

 Chinese miners sell on chinese exchanges.

Why?
Wouldn't they also rather have btc or usd?