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

[ft73]

Expecting a decent bounce up somewhere between 740$  and 757$.
Then we'll see.

Here is the bounce.
755$ -> 780$ already.
Can go up to about 800$, but i guess it'll lose steam by then.
let's see.

[1714052435]

1714052435

[gentlemand]

Same here. I set aside a small percentage for trading, but the vast majority is in cold storage. I am going down with the ship, if btc goes bust. I might start selling a bit at 5K+

I certainly don't plan to go down with the ship, but if by 2020-24 there's still no prospect of scaling, better exchanges, clarified government positions and some actual adoption then I'll be off before the iceberg looms.

[rjclarke2000]

Well the positive side....


This isn't boring. We know bitcoin is volatile and it's proving this right now.

[eddie13]

just woke up...

i lost huge

[osmotic]

Was bitfinex included in the raids spot checks? Dd it get off the hook because it's in Hong Kong?

[European Central Bank]

Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?

bitfinex is spread all over the world as far as i can tell. there certainly won't be one office they can drop in on and get all the info they want. they also have nothing to do with cny.

[alphahacktivist]

just woke up...

i lost huge

really? how huge

i saw 12 million, 11million, 10million, 9million, 8million and 7.5million...

[Fakhoury]

Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?

STOP FUDING, IT'S NOT RAIDS, JUST NORMAL MEETINGS !!!!!!

[toknormal]

I've been wondering about those huge gaps between the Huobi price and the rest of the market during the last month.

Ominously relevant observation from the past. Listen carefully  

[JayJuanGee]

Well, an extra early good morning Bitcoinland. Don't normally keep farmers' hours but my sleep routine got a little upset by staying up most of night with a chick on Monday. Good thing too. I have just enough time to go pick up some fiat before my favorite off-exchange Bitcoin vendor opens for business.

Seems we dropped another $100 on news of the PBOC "investigation" going "local"... currently $816 (Bitcoinaverage). Keep buying the dips.

If you are investing long term why do you check the price daily? Price right now shouldn't matter to you.  

The most important reason is to catch the buyable dips. Snooze, you lose.

Apart from that, it's entertaining.

This is certainly a "buyable" dip, yet the only question is at what point(s) to lock in the buy(s).

[Fakhoury]

Big bounce incoming.

I feel it

[Fakhoury]

I've been wondering about those huge gaps between the Huobi price and the rest of the market during the last month.

Ominously relevant observation from the past. Listen carefully  

Toknormal, my friend, I want to hear your take please about the scene now.

[alphahacktivist]

Big bounce incoming.

I feel it

no i dont feel it. 650 it will be

[eddie13]

Well it does make you think that if the majority of trading is happening in China then being held to ransom by the PBOC is to be expected.

if someone opened a zero fee exchange in lapland then that would become the world centre of bitcoin trading. tons of traders on the chinese exchanges will be from the west.

it's time china was dealt with once and for all. the current setup does not do bitcoin's future any good.

Good plan..

[Paashaas]

no i dont feel it. 650 it will be

[Fakhoury]

no i dont feel it. 650 it will be

[JayJuanGee]

I like how in most of your minds the price just absolutely will not drop to about 600$ level and stay there sideways/decline. NOT possible at all. Its 200% confirmed its going to rally to 5k 10k 50k and beyond. Easy money, just sell house and hold for years! What a juicy investment, nothing can go wrong.

Sure, there are posters saying that, but I don't see what purpose that you have asserting that everyone is saying that.. and also there is no inevitability in BTC price movements in either direction

I, for one, described $600 within the range of possibilities because I do not have any technical training.. however, I still recognize that we had not had any correction since we had moved from lower $600s to the mid $1,100s... and so in my thinking it is within the realm of reason that there could be downward manipulation that is successful down to that arena..

I still think that it is going to be a bit more difficult if we were to pass below $700 to find sellers.. but it is not beyond reasonable expectations...

Also at the same time, this thing can bounce at any time, and as I type we are in the mid $700s, so there should be quite a few folks who would consider this price range to be super bargain coins. aka "cheap coins"...

But yeah, there may be others who think that they can push the price in order to get "cheaper coins".. none of these movements are "givens" as you seem to like to suggest

[osmotic]

Was bitfinex included in the raids? Dd it get off the hook because it's in Hong Kong?

STOP FUDING, IT'S NOT RAIDS, JUST NORMAL MEETINGS !!!!!!

Sorry, I misinterpreted what reuters said the PBOC said. It called them spot checks in the case of OKCoin and Huobi, but a visit in the case of BTCC.

http://www.reuters.com/article/us-china-bitcoin-idUSKBN14V15Q

The PBOC in Beijing, where officers visited the offices of OKCoin and Huobi on Wednesday, said in a statement that "spot checks were focused on how the exchanges implement policies including forex management and anti-money laundering".

Separately in Shanghai, the PBOC said it visited BTCC, noting its checks "focused on whether the firm was operating out of its business scope, whether it was launching unauthorized financing, payment, forex business or other related businesses, whether it was involved in market manipulation, anti-money laundering or (carried) fund security risks."

[kurious]

The rest of my fiat is waiting for this to finish.  I don't think it has.

My last buy in was at 798.5.  Am now thinking we could see the 600s here.   I will leave a buy at 699.99 and go away for a few hours.  I hope my buy ain't hit, I fear it might be.

Good luck all.

[alphahacktivist]

no i dont feel it. 650 it will be

definitly not a troll. kindly read my past posts i already said it will drop again when everyone was saying it will just rise back over $1000. i probably hold more btc than you ever will. however i dont know how much you hold and you dont know how much i hold. lets keep it like that.