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

[becoin]

Levered long increased. Average price is improved to 758 euro.

[savetherainforest]

With the new law in it, it seems that a complete decline has begun to emerge, and this decline will not be a rise anymore. Now we have to wait for a time like June or July. Then the bitcoin can rise up again. Now it's just time to get some more bitcoins.

This is contradictory. If you believe in further decline then now is NOT the time to get more bitcoins

He is just delusional... ... we where supposed to have a "wave" like shape for the period of 1-2 weeks. But the chinese went full retarded and it went straight to the bottom, skipping multiple steps.  

[buwaytress]

Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.

Shame that the correction in opposite direction didn't happen for Eth or doge haha.

[Karartma1]

so many rebuy opportunities missed. why do bank wires take so long? and then they ask me why do I prefer btc over fiat.
Ok, buying mode on: let's accumulate more 

[osmotic]

Personally, I was always expecting a correction of price not just for btc but for usd. Did not expect the bottom to dall out so quickly while the dollar has managed to maintain its strength.

Shame that the correction in opposite direction didn't happen for Eth or doge haha.

The whales took advantage of the news and convinced people to panic sell by starting the dump as soon as they heard the news. It's funny how the whales manipulated the market using the news that the PBOC was preparing to prevent any chance of the exchanges manipulating the market.

[toknormal]

Greg Manarrino seems to be endorsing the view I outlined in my post of last night. Tells people to relax and hold (although this looks like being recorded before the really big dip. Doesn't matter - the principle still holds).

[Torque]

For long term investors, the spike above $1000 wasn't earned properly.

You shouldn't get too excited about a short term spike, because it'll never hold. Get excited when we drift over $1000 and it becomes the new firm support. May take most of the year to get there, but we'll get there.

[mainpmf]

For long term investors, the spike above $1000 wasn't earned properly.

You shouldn't get too excited about a short term spike, because it'll never hold. Get excited when we drift over $1000 and it becomes the new firm support. May take most of the year to get there, but we'll get there.

Agreed, most people seemed really too excited...
I'm never happy when people are all crazying yelling how btc is going to the moon...
The really good news is when nearly no one talk avout price. Then it means it's stable for a long time. It means that you know exactly what your coins are worth and that's true for a long time.
Number of threads on price is a bit lower now, if price doesn't change for a few days it will stop and price will be stable.

[vgo]

LOL Moment of the year, and the winner is...

Star Xu: "We observe huge volume of high-freq trade by users, often attributed to "faked by exchange""

https://twitter.com/cnLedger/status/819533696868884481

[becoin]

The really good news is when nearly no one talk avout price. Then it means it's stable for a long time. It means that you know exactly what your coins are worth and that's true for a long time.

Bitcoin price can't be stable if measured against unstable unit of account like dollar, euro, yen, pound etc. Fiat currencies are unstable because printing press is working round the clock.

[pinger]

The really good news is when nearly no one talk avout price. Then it means it's stable for a long time. It means that you know exactly what your coins are worth and that's true for a long time.

Bitcoin price can't be stable if measured against unstable unit of account like dollar, euro, yen, pound etc. Fiat currencies are unstable because printing press is working round the clock.

http://www.xe.com/currencycharts/?from=XBT&to=XAU

[Torque]

This caught my eye:

https://twitter.com/cnLedger/status/819449070024437761

So the PBoC is concerned if traders have trading bots with an inverse peg to Yuan rate?  So what?  Many traders all over the world do that, in every market. Trading bots have algos that are pegging securities to variances of LOTS of different things (Dollar rate, Euro rate, S&P 500, crude oil price, PMs, pharma, etc., etc.)

Talk about overstepping their authority.

Maybe PBoC should be more concerned about the falling Yuan and the outstanding debt of their shadow banking industry.

[becoin]

The really good news is when nearly no one talk avout price. Then it means it's stable for a long time. It means that you know exactly what your coins are worth and that's true for a long time.

Bitcoin price can't be stable if measured against unstable unit of account like dollar, euro, yen, pound etc. Fiat currencies are unstable because printing press is working round the clock.

http://www.xe.com/currencycharts/?from=XBT&to=XAU

What does that prove? Price of gold is the most manipulated price since 1971. Or you don't think so?

[Denker]

For long term investors, the spike above $1000 wasn't earned properly.

You shouldn't get too excited about a short term spike, because it'll never hold. Get excited when we drift over $1000 and it becomes the new firm support. May take most of the year to get there, but we'll get there.

I've got plenty of time and patience like a tree.
The roots taste bitter but the fruits are sweet!!
So will I relax, focus on some other stuff meanwhile, and waaiiiit!!

[sulfurtank]

[alphahacktivist]

here we go 100 more
https://blockchain.info/address/3BApYqAagJyDkusVNh4g37yQJrjimK6A5g

O.k. I will bite.   


What is that supposed to mean?

2nd bite,., Do you know why there are two 100BTC transactions going to this wallet? Why is it significant? Old coins moving?
A campaign of some sort? A dev fund?

What is it, man? Tell us!!!!

some people said i was bs and i did not own any significant amount of btc and blablabla. so i showed 1 of my addresses.. it went from exchanger to another exchanger and now sitting in a cold wallet.

[soullyG]

Damn, back over $800 already, is that shorts covering?

[becoin]

Many thanks for the cheap coins.

Tzupy, where is the final leg of the sell off? I hoped to get some even cheaper.

[kehtolo]

some people said i was bs and i did not own any significant amount of btc and blablabla. so i showed 1 of my addresses.. it went from exchanger to another exchanger and now sitting in a cold wallet.

Ah right... thought i was missing out on some salacious happenings somewhere (I almost certainly am, but not here it seems)

[osmotic]

Damn, back over $800 already, is that shorts covering?

The longer no news comes out of China about follow ups to the exchange's inspections the higher the price will go. If China takes action against a big exchange it will crash, otherwise it will go back up.