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

[yefi]

Bitcoin's intent was to be a digital form of cash. It is both a currency and a means of payment processing. This was pointed out right in the whitepaper. Even if Bitcoin now fills a different space, its outward intention was to function as both a currency and payment processor.

Now don't get me wrong, Bitcoin can scale [not to the level of Visa I don't think], but it is highly likely it will not in any substantial way. If a dynamic block size is implemented along with blockchain pruning then we could see many times more transactions processed per second, but just a basic increase [not even looking at pruning] has not made any meaningful progress towards consensus. And even if the network could handle it, how many of you actually use Bitcoin to buy and purchase goods and why not just use any other payment processing network?

Bitcoin is not about high throughput, it is about security and trust-minimisation. This is what gives it value over traditional systems, and why we sacrifice computational and energy efficiency. Throughput should be left to peripheral networks, that use Bitcoin as the settlement layer. The lower fees, faster transactions, and still-better-than-VISA security should increase Bitcoin's appeal in payment cases where it is presently disfavoured.

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[Torque]

So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.

[Killerpotleaf]

So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.

wild theory

999.99$ looks considerably cheaper then 1000$ ( subjectively speaking )  poeple buy 999.99 and the price moves to 1000's and they stop buying because to LOOKS more expansive this causes price to drop  to 999.99 again and the cycle starts over.

the market ITSELF is manipulating us   

[JayJuanGee]

So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.

oh gosh!!!!  The only manipulation there is happens to be your ongoing attempts to manipulate facts to your lame-ass numerology theory.  

[Aviator019]

Wild theory indeed... but something weird seems to be happening at stamp... Last couple of hours someone has been using 15BTC and 30BTC bids to push and pull the price a little bit... right now placing them a full 2 USD above any other bid, its pulling the price up to 1004.

Due to my staggering lack of experience, no conclusions   just observation

PS: first post, been reading along with you guys for a while, thanks for the useful info in the last couple of weeks

PPS: the 999/1000 USD psychological effect was pretty evident as well, like killerpotleaf said

[JayJuanGee]

Wild theory indeed... but something weird seems to be happening at stamp... Last couple of hours someone has been using 15BTC and 30BTC bids to push and pull the price a little bit... right now placing them a full 2 USD above any other bid, its pulling the price up to 1004.

Due to my staggering lack of experience, no conclusions   just observation

PS: first post, been reading along with you guys for a while, thanks for the useful info in the last couple of weeks

PPS: the 999/1000 USD psychological effect was pretty evident as well, like killerpotleaf said

The fact of the matter is that it is very difficult to determine exactly what is going on, unless you happen be part of the ones playing those coins to test resistance or support or to attempt to hold the price.  Also, the price on one exchange can sometimes lead other exchanges, yet other times, it can sometimes hold back, or sometimes the other exchanges do what they are going to do, and the lagging one has to catch up.

Sure, watching helps, but it is not easy to determine - and sure sometimes, there can be the use of bots on various exchanges, maybe some exchanges are easier to accomplish than others, and I am sure some folks participating in this thread may have even experienced a bit with their own bots or variations of bots.

Edit:  regarding your PPS.. Oh please don't tell me that you are going to jump on to the numerology baloney.

Yeah, sure there are various obvious price sticking points  and sometimes they will stick around obvious numbers because people put their orders there, and we can all have fun with some of the numerology stuff, but when you start to take that numerology crap too seriously and try to read too much into it, then some of us are going to wonder how well grounded you are....

Yes, let's have some fun with numerology.. .. but going further  

[Torque]

So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.

oh gosh!!!!  The only manipulation there is happens to be your ongoing attempts to manipulate facts to your lame-ass numerology theory.  

What, no rambling, incoherent, circular, wall-o-text this time JJG?

I mean it's not like you don't have the time, sitting in your mom's basement and all...

[JayJuanGee]

So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.

oh gosh!!!!  The only manipulation there is happens to be your ongoing attempts to manipulate facts to your lame-ass numerology theory.  

What, no rambling, incoherent, circular, wall-o-text this time JJG?

Yes, I got's myself some variation in my skills.....  thank you very muchie... 

[Killerpotleaf]

Wild theory indeed... but something weird seems to be happening at stamp... Last couple of hours someone has been using 15BTC and 30BTC bids to push and pull the price a little bit... right now placing them a full 2 USD above any other bid, its pulling the price up to 1004.

Due to my staggering lack of experience, no conclusions   just observation

PS: first post, been reading along with you guys for a while, thanks for the useful info in the last couple of weeks

PPS: the 999/1000 USD psychological effect was pretty evident as well, like killerpotleaf said

a newbie who is NOT NLC

this is Bullish as fuck.

[alexout]

I just dont understand why the price is not moving at all. Anyone have any input to why its just sticking around 1k? Its making me nervous lol.

[Killerpotleaf]

I just dont understand why the price is not moving at all. Anyone have any input to why its just sticking around 1k? Its making me nervous lol.

its the weekend
and also this?

wild theory

999.99$ looks considerably cheaper then 1000$ ( subjectively speaking )  poeple buy 999.99 and the price moves to 1000's and they stop buying because to LOOKS more expansive this causes price to drop  to 999.99 again and the cycle starts over.

the market ITSELF is manipulating us   

[marcus_of_augustus]

.... the market is manipulating itself, best summary I have heard in 6 years.

[tabnloz]

Three years ago, Bitcoin stabilizing around the $1K mark seemed like a dream.

Now look at it.

Where could we be three years from now??

Onward and upward to $5K!  

Its done 10x a couple times

The x's may get smaller as Bitcoin grows, however demand spikes for a deflationary currency lead to.....

[Genesis1337]

Yeah, blame it on a news story that is not on the PBOC's website. Instead of the TA that has been placed before you repeatedly.

It's not over yet..



and I told you so.

lmaooo TA does not work man. that assumes that people are insider trading

[marcus_of_augustus]

Sacramento valley is in great danger right now ... https://www.youtube.com/watch?v=oQxVmKnBgvc 

[bitcoinvest]

good morning bitcoin land!! seems to me that my prognosis failed for the weekend but not failed in general since the second sell of wave have started... lets see where do this stop...
maybe it will recover who knows:)

[Ted E. Bare]

I estimate today's bottom at approximately 970$ and 910€.

[bitcoinvest]

I estimate today's bottom at approximately 970$ and 910€.

nice estimation and realistic for the current situation but maybe we go more down or up (we are used to see things we not expect many times with BTC)
...personally i think more down

[edgar]

roll on 800s!!

[Genesis1337]

roll on 800s!!

$800 because of this? i doubt it, but i guess we will see.

Update: Yunbi increased bitcoin trading fee to 0.2%; CHBTC suspended ETH & ETC withdraw, same policy as BTC & LTC now

https://twitter.com/cnLedger/status/831059294522990592

Update#2: HaoBTC announced will remove its exchange functions. The main services (mining and online wallet) remain unaffected

https://twitter.com/cnLedger/status/831066928319848448