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

[gembitz]

^try to sell whales keep buying! Mark Kerpeles is lurking somewhere with his stupid card tricks? :-D

wow it's not only me that i mention sometimes gox here but everytime i write or read about him or the exchange is pain in the ass .... next month is the creditors meeting i think 9 of March.
we have been more times up from $1000 and i think he is not responsible but what you want to say is that somebody manipulates the price??

^ya and they are prolly sipping 7 dollar cups of coffee from starbucks!! :-D

[JayJuanGee]

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

Not up on this, but does HaoBTC and/or others have 'satellites' outside of China proper? (or plan to do so?) thus just all exchanges getting the heck out of China proper
will be the end result of all these heavy handed (imho) actions of Chinese authorities?

ASSUMING above is true. CAN the masses in China move Yuan still in some manner outside of the country, with the exchanges located outside, in a large manner to support
BTC yet? or will the great 'firewall' of china hold on such actions with BTC exchanges outside of China?

(or who the heck knows?)

well I wanted cheap coin to get back to 100 btc on my hoard again. Seems it has come to pass. (conflicted...always conflicted....want one thing cheap coins, then I get
cheap coins...then freak and want price to go up for BTC and vice versa...sheesh)

wow, thanks for insight! makes sense

Insight..sigh......someone want to comment on my insight with some insight..still no clue.....

ie if all the exchanges move out of China .....would their be enough $$$ coming out of China to those exchanges ...thru the great firewall of china to matter
or would any newbie/users of BTC in china be out of luck?

(damn always good with the questions...have no frigging idea of the answers...can see the trap in other words...but stumble into it anyway)


My life is a constant emotional bounce between...

CHEAP COINS, CHEAP COINS, CHEAP COINS....

and

FOMO, FOMO, FOMO

Damn, I am such a BTC groupie tool.......

Gotta respect you for admitting it... and even if you sometimes can get fairly emotional, you still have some good insights, too.. .There is something about having the actual experience that helps a lot, even though sometimes any of us can be a bit strung along by some of the volatility and even the manipulation of the space.. there is so much information and so much disinformation that it is difficult to not get caught up in some of it.. even if we were to have the strongest of wills.. that is certainly not me.

[JayJuanGee]

Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?

From time to time, we get stuck at all kinds of price points.. you are reading too much into it if you think that $1000 has any significance beyond the fact that it just happens to be where we are at currently... and it is not a bad spot to be - even though there is certainly some dispute, too from some who think we should be above and others who think that we should be below.  If one side prevails, then we will move off of this spot in either one direction or another...

[Killerpotleaf]

Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?

From time to time, we get stuck at all kinds of price points.. you are reading too much into it if you think that $1000 has any significance beyond the fact that it just happens to be where we are at currently... and it is not a bad spot to be - even though there is certainly some dispute, too from some who think we should be above and others who think that we should be below.  If one side prevails, then we will move off of this spot in either one direction or another...

kinda hard to argue that 1000 is a perfectly random price point... 1000$ is a very nice round number,we've been talking about 1000 for years! buying below 1000$ and selling above 1000$ has been "the thing to do" and it remains the thing to do, only the spread has tightened. 1000 might prove to be crazy sticky.

[Aviator019]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

[notme]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

Price will move to the right.  Some up, some down, but mostly right.

[Killerpotleaf]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

for the next 72hours any deviation (up or down) from 1000.00$ will be swiftly corrected.
during that time resistance will dwindle while support strengthens.
after which we will slowly break away from 1000.00 into the 1020, and then 1040, and then 1080
and then BOOM overnight we are above 1200, and we continue to climb at  steady pace.
couple of weeks later the trend is unbroken, as we near 2000,
BOOM THE ETF is approved, the crowd goes wild 2500 in <30 seconds.
but then... well then.. ha... we watch as 300 billion dollars try to squezz into the tinny tiny ETF.
Muahahahaha!

 

[Aviator019]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

for the next 72hours any deviation (up or down) from 1000.00$ will be swiftly corrected.
during that time resistance will dwindle while support strengthens.
after which we will slowly break away from 1000.00 into the 1020, and then 1040, and then 1080
and then BOOM overnight we are above 1200, and we continue to climb at  steady pace.
couple of weeks later the trend is unbroken, as we near 2000,
BOOM THE ETF is approved, the crowd goes wild 2500 in <30 seconds.
but then... well then.. ha... we watch as 300 billion dollars try to squezz into the tinny tiny ETF.
Muahahahaha!

 

Im missing the 'free ducati motorcycles for everyone', but otherwise I see absolutely no flaws in this prediction hahaha

[tabnloz]

Notice that without any China FUD to work with, the whale dumping into his own walls has no effect.

Oh dear, wat will dey do without China??   

im guessing no meaningful dumps until okcoin etc users can get their coin off the exchanges. if i were a *trader* with coin on there, id be working to keep price up

[HI-TEC99]

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

Price will move to the right.  Some up, some down, but mostly right.

Sometimes whales dump coins to test the market's sentiment. None of the latest dumps have frightened the market, so its sentiment is bullish. The price will probably move to the right for a while, then up.

[Killerpotleaf]

time to go back to 1005 and land softly on 1000 

[sirazimuth]

as this is the speculation thread im gonna go out on a limb here and speculate that bitcoin
will either go up or go down... then again it could go sideways.....

... just call me Nostradamus

Okay so I'm quite convinced that the trend is gonna be bullish... but at the same time I'm expecting more dumps bottoming out a bit lower than the last one (around 960-970)... what are you guys expecting

Price will move to the right.  Some up, some down, but mostly right.

Ah ha! another Nostradamus i see 

[prophetx]

big day will be april fools

[Paashaas]

big day will be april fools

Why? Do you know something that we dont know?

[Karartma1]

Honestly, I still think that BTC value follows Einstein's Theory of Relativity: BTC price is never stable, not for a single moment. But to our eyes, actually to our brains, sometimes it looks relatively stable only because we don't see candles going up & down.
By looking at it this way I bought in below $200: it's BITCOIN that matters, not the price
For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

[Harry Callahan]

Honestly, I still think that BTC value follows Einstein's Theory of Relativity: BTC price is never stable, not for a single moment. But to our eyes, actually to our brains, sometimes it looks relatively stable only because we don't see candles going up & down.
By looking at it this way I bought in below $200: it's BITCOIN that matters, not the price
For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

That is a good relativity theory  and you are one of the lucky fellows who invested when the price was around $200 ,the main attraction of bitcoin is the high volatile nature of bitcoin and if you are trader you can make the most profit with the constant movement.

[Ted E. Bare]

Bottom should be 950$ and 900€ approximately.

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

$800? Looks more like a head fake and a lot of FUD. You'll not get my coins.

You can call me a bulltard all you want but bitcoin is going to the moon and the above was more accurate than what most bears came up with.

[600watt]

Honestly, I still think that BTC value follows Einstein's Theory of Relativity: BTC price is never stable, not for a single moment. But to our eyes, actually to our brains, sometimes it looks relatively stable only because we don't see candles going up & down.
By looking at it this way I bought in below $200: it's BITCOIN that matters, not the price
For those who understand, no explanation is needed. For those who do not understand, no explanation is possible.

That is a good relativity theory  and you are one of the lucky fellows who invested when the price was around $200 ,the main attraction of bitcoin is the high volatile nature of bitcoin and if you are trader you can make the most profit with the constant movement.

in my experience price is obviously not following einstein. schrödinger is the physicist who described bitcoin much more accurately: as long as you don't check the exchanges (=schrödinger's BOX) bitcoin (schrödinger's CAT) is either dead or mooning. it is dead AND mooning at the same time until you open the box.
that is the exact reason why you will find lots of media/blog/forum posts "bitcoin is dead" while you count your stash wondering "are we rich yet" at the same time.

[Denker]

time to go back to 1005 and land softly on 1000 

Well no it looks like we are seing some small pump at this moment.
So let's just summarize what happened the last 24 hours.
We saw an attempt, probably, to push the price down again from around 1005. And it worked out, 974 was the low on Bitstamp, at least for shome short while.Then we saw imo a good strong bounce and are back up to 1013 on stamp and 1011 on finex.
PBOC tried 3 times now to surpress the price and every time they are coming with some announcements the effects of it are becoming smaller and smaller.
$1000 range seems to become the new bottom. We are glued here as I said yesterday.I think this is good.

[bitcoinvest]

apparently the push we see the last hours is a push upwards but in my opinion is not strong enough....we see how it goes today