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

[Dafar]

And also, my dad wants to put $30K into bitcoin, you're welcome. Actually I didn't even convince him, I showed him how much I'm up on bitcoin and he asked me why I'm not selling... you guys know why, I told him there's no limit to the BTC price and things are looking good especially when the rest of the world isn't, and he's been reading up on bitcoin since

If you're in the US have your dad purchase through itBit. I've found that anything over $5,000 is best to go through them. You have to pay for the wire transfer but the lower exchange percentage makes up for it over $5k.

Thanks for the tip

[Lionidas]

It is funny how this huge selling off in another part of the world is causing such a commotion all the way where I live.
This is like some end of days stuff for the ones that have 200 btc I would guess to think.
The ones who bought houses during the rally must be living the dream and just laughing right now.

[elrippo]

As long as the chinese "Centralbanks" review BTC everytime it hits the 1k$/€ mark, BTC will never hit the xk$/€ mark since there will always be some derpession because of the "investigation"

[roslinpl]

I predicted China thing few weeks ago
I told to my friends - "It seems like China will ban Bitcoin soon"
It happens every time ... every time when the price is going up too fast

https://www.youtube.com/watch?v=-hlN2nel5HI
Inspiring
(watch the video )




HODL and BUY

[Elwar]

I can handle a year or so of going back to cheap coins. My collection is not yet complete.

[alphahacktivist]

And also, my dad wants to put $30K into bitcoin, you're welcome. Actually I didn't even convince him, I showed him how much I'm up on bitcoin and he asked me why I'm not selling... you guys know why, I told him there's no limit to the BTC price and things are looking good especially when the rest of the world isn't, and he's been reading up on bitcoin since

If you're in the US have your dad purchase through itBit. I've found that anything over $5,000 is best to go through them. You have to pay for the wire transfer but the lower exchange percentage makes up for it over $5k.

Thanks for the tip

like i told you months ago on another currency.. hodl and dont sell. today we are over 3 times the price it was and during the rally we hit 4 times the price. i hope you did HODL

[Elwar]

Must have been all of that hype by the US media saying that the jump in bitcoin price was due to people getting around China capital controls.

While those on the ground said there wasn't much of that at all, and that there are cheaper alternatives to do that.

But hey, if the US media is reporting it must be true.

[Torque]

Must have been all of that hype by the US media saying that the jump in bitcoin price was due to people getting around China capital controls.

While those on the ground said there wasn't much of that at all, and that there are cheaper alternatives to do that.

But hey, if the US media is reporting it must be true.

Oh dear oh dear, what excuse will they have left for Bitcoin's rise when China's currency starts to stabilize and possibly rally?   

[boyshx]

Well it seems to be holding very well a 800-780. But how could we know

[ImI]

Must have been all of that hype by the US media saying that the jump in bitcoin price was due to people getting around China capital controls.

While those on the ground said there wasn't much of that at all, and that there are cheaper alternatives to do that.

But hey, if the US media is reporting it must be true.

Its not about the "US media". Its just a story that everyone likes to believe. Take a look around at BTT you will find lots of folks who are strongly convinced that Bitcoin is all about China and China adopting Bitcoin. From time to time for example i state at the german part of BTT that i dont see China as a main market and that Bitstamp is still the boss when it comes to price movement and i get lots and lots of denial. "Do you know how many people live in China!?"  

No media needed its a story that folks like to believe.

[hifzi]

some one in bitstamp trying to keep price under 800,

[Killerpotleaf]

Well it seems to be holding very well a 800-780. But how could we know

shorts are up volume is ok, still dangerously close to <790 tho...

[ft73]

Just one more leg down.

[Killerpotleaf]

Just one more leg down.

or not

flat bottom at 790-820 for a more hours...

should become more clear in the next hour

[toknormal]

Just see it as a "toughening up" process.

The more knocks Bitcoin takes the less effective they'll be. Christ we're still above $700 and unlikely to be facing another 2-year dip to $200 so things are improving

We already had this in 2013. We need to get to the point where the PBOC is not able knock it over with a feather.

[alphahacktivist]

Just one more leg down.

or not

flat bottom at 790-820 for a more hours...

should become more clear in the next hour

i think we will know better when pboc exits btcc as well as trading resuming in china and india

[Killerpotleaf]

head line from the future: bottom tested and successfully held off the all the poeple in china.

[ft73]

Just one more leg down.

or not

flat bottom at 790-820 for a more hours...

should become more clear in the next hour

Doubt that.
Dead cat bouce up to about 825$ and down again.

[Killerpotleaf]

Just one more leg down.

or not

flat bottom at 790-820 for a more hours...

should become more clear in the next hour

i think we will know better when pboc exits btcc as well as trading resuming in china and india

to far off... this is the pricing in of that day.

[yonton]

Its rediculous how news like this can cause such an impact on btc price.