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

[Paashaas]

Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.

The price might stay flat for weeks if not months, when the ETF's are disapproved in combination with PBOC regulations Bitcoin is going down for the short-term a $50-$200 max.

[gembitz]

considering selling at current price (makes decent profit) and putting in a stop order to buy back in case price rises above 1015...

Sell low, buy high
It's also my motto, so far so good

^get high...sell higher!! 

[gembitz]

Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.

The price might stay flat for weeks if not months, when the ETF's are disapproved in combination with PBOC regulations Bitcoin is going down for the short-term a $50-$200 max.

^joking rite ~ we want the chinks to ban as we will skyrocket our berkshire like financial instrument to the moooon!!! :-D

[Aviator019]

considering selling at current price (makes decent profit) and putting in a stop order to buy back in case price rises above 1015...

Sell low, buy high
It's also my motto, so far so good

^get high...sell higher!! 

haha funny you'd say that... I'm from Amsterdam 

[becoin]

Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.

Bitcoin price appreciation is not a result of some pump. It is result from organic demand by thousands new users entering Bitcoin every day. They don't care about PBOC or other CBs chaotic behavior.

[valta4065]

considering selling at current price (makes decent profit) and putting in a stop order to buy back in case price rises above 1015...

Sell low, buy high
It's also my motto, so far so good

I do that everytime.
That's why I no longer do trading x)

[JayJuanGee]

I'm getting bored now.... *yawn*

Bored at $1000 is pretty darned cool when you think about it. Imagine predicting that a couple of years ago.

I can't wait to be bored at $20k

+1 on that!!! but for now seems that we will be at that point for couple of days since as i can see
Selling Price     Volume
€960.000             107.587  BTC ! it's like somebody want to keep it at this price range.. even when orders complete, new ones of this big amount are jumping to control the price

Yes, some want it to go higher and some want it to go lower and some are willing to attempt to push it in one direction or another and others don't want to spend their coins or their fiat in order to attempt to move the price, so they are going to wait.  It's a kind of way of describing "consolidation" period.

[BrewMaster]

Nobody is going to pump Bitcoin while the PBOC still needs to regulate the remaining exchanges.

The price might stay flat for weeks if not months, when the ETF's are disapproved in combination with PBOC regulations Bitcoin is going down for the short-term a $50-$200 max.

i strongly disagree with calling bitcoin price rise a "pump" but i agree with price staying flat for a while probably 1 or 2 weeks but again i disagree with your drop size. there is no way price can go down $200 unless we see something horrible.

[abercrombie]

are we rich yet?? 

[r0ach]

Bitcoin price appreciation is not a result of some pump. It is result from organic demand by thousands new users entering Bitcoin every day. They don't care about PBOC or other CBs chaotic behavior.

I honestly do not believe this is true at all.  For one thing, the altcoin market tends to be a good canary in the coalmine.  If there's a flood of new interest in bitcoin, there's typically a flood of new activity in altcoins as well.  The alt markets are currently imploding with volume going down to nothing, so it sure doesn't seem like there's a flood of new people in bitcoin.  The price of bitcoin is also a lot higher, so small guys who want to purchase one bitcoin could have done so when it was $200-400, but it takes a pretty large leap of faith to buy one when the price is $1000.

If anyone is moving the price of bitcoin around, it's the usual suspects of Chinese mining cartel, Digital Currency Group, Pantera Capital, Winklevoss, fraudulent exchanges, etc.  One thing that's a giant red flag to me is that ever since Bitfinex goxed, the western price is still determined by that insolvent, scammy exchange with all the big moves occurring there and not places like Bitstamp.  There's no market maker on earth who is going to risk his funds at an insolvent exchange like that, yet with Finex being the market maker, this tells me the people running these fraudulent exchanges might be the main people moving price.

Finex has a great history of walls going plus or minus 4000ish coins at random from a single entity in the past and as of very recently.  Would you store $4 million on Bitfinex post Finex goxing?  I sure as hell wouldn't.  It's probably the exchange owner/employees themselves.  Here was Finex's walls right after they came online after they goxed everyone.  The sell side is clearly all from one single entity (around ~3600 coins), likely from the exchange owners since nobody on earth is gonna keep all those coins stored there right after they stole everyone's money:



Nothing ever changes.  Karpeles controlled the Bitcoin price then he passed the baton onto another exchange owner.

[jackjack]

Bitcoin price appreciation is not a result of some pump. It is result from organic demand by thousands new users entering Bitcoin every day. They don't care about PBOC or other CBs chaotic behavior.

I honestly do not believe this is true at all.  For one thing, the altcoin market tends to be a good canary in the coalmine.  If there's a flood of new interest in bitcoin, there's typically a flood of new activity in altcoins as well.  The alt markets are currently imploding with volume going down to nothing, so it sure doesn't seem like there's a flood of new people in bitcoin.  The price of bitcoin is also a lot higher, so small guys who want to purchase one bitcoin could have done so when it was $200-400, but it takes a pretty large leap of faith to buy one when the price is $1000.

If anyone is moving the price of bitcoin around, it's the usual suspects of Chinese mining cartel, Digital Currency Group, Pantera Capital, Winklevoss, fraudulent exchanges, etc.  One thing that's a giant red flag to me is that ever since Bitfinex goxed, the western price is still determined by that insolvent, scammy exchange with all the big moves occurring there and not places like Bitstamp.  There's no market maker on earth who is going to risk his funds at an insolvent exchange like that, yet with Finex being the market maker, this tells me the people running these fraudulent exchanges might be the main people moving price.

Finex has a great history of walls going plus or minus 4000ish coins at random from a single entity in the past and as of very recently.  Would you store $4 million on Bitfinex post Finex goxing?  I sure as hell wouldn't.  It's probably the exchange owner/employees themselves.  Here was Finex's walls right after they came online after they goxed everyone.  The sell side is clearly all from one single entity (around ~3600 coins), likely from the exchange owners since nobody on earth is gonna keep all those coins stored there right after they stole everyone's money:



Nothing ever changes.  Karpeles controlled the Bitcoin price, then he passed the baton onto another exchange owner.

Not scary at all

[r0ach]

Not scary at all

Not quite as scary as Larry Summers (Jew) wanting to ban cash to help further enslave the goyim while also promoting Bitcoin/"blockchain" and being involved in Digital Currency Group.

[jbreher]

Sell low, buy high
It's also my motto, so far so good

The funny thing is it is a winning strategy, as long as you are hodling at the point the rocket takes off.

[jbreher]

Bitcoin price appreciation is ... result from organic demand by thousands new users entering Bitcoin every day.

As much as I would like to believe your claim, I find it extremely unlikely that thousands are joining every day. Source?

[Torque]

Bitcoin price appreciation is ... result from organic demand by thousands new users entering Bitcoin every day.

As much as I would like to believe your claim, I find it extremely unlikely that thousands are joining every day. Source?

Coinbase added 100K users in 2 days:
https://www.reddit.com/r/Bitcoin/comments/5t8vde/coinbase_on_a_roll_added_another_100k_new_users/

[jbreher]

Bitcoin price appreciation is ... result from organic demand by thousands new users entering Bitcoin every day.

As much as I would like to believe your claim, I find it extremely unlikely that thousands are joining every day. Source?

Coinbase added 100K users in 2 days:
https://www.reddit.com/r/Bitcoin/comments/5t8vde/coinbase_on_a_roll_added_another_100k_new_users/

Unhhh.... weeelll...... ooohh kaaaaay than.

I guess I'll just stand quietly in that corner over there.

[gentlemand]

Coinbase added 100K users in 2 days:
https://www.reddit.com/r/Bitcoin/comments/5t8vde/coinbase_on_a_roll_added_another_100k_new_users/

Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble.

[gembitz]

Coinbase added 100K users in 2 days:
https://www.reddit.com/r/Bitcoin/comments/5t8vde/coinbase_on_a_roll_added_another_100k_new_users/

Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble.

GOGO AMERICANS ===>>  BTCitfinex @ $1011+ *pumping

Gavin Andresen television commercials #Vice bitcoin reality show inkomingggg :-D

[Chef Ramsay]

Coinbase added 100K users in 2 days:
https://www.reddit.com/r/Bitcoin/comments/5t8vde/coinbase_on_a_roll_added_another_100k_new_users/

Weird. I wonder who they are and what inspired them to pile in at such a rate, if it's in any way a real stat. That's the type of figure you'd expect at the tail end of a bubble.

Anecdotally, a few weeks ago I had reminded a coworker of mine about the BTC price (told him about it for well over a year) as well as the historically low LTC/BTC price w/ a potential segwit on the way and told him how to link up w/ Coinbase. By the next day, he'd bought .6 BTC and w/i the next week, he bought some ETH since it's the only other thing you can buy there - and it's just way cheaper. He's of Syrian descent here in the US.

[maker88]

Calm before the storm... Position yourself accordingly.

That phrase was thrown around a great deal in 2014/15. It was usually a good signal for another few weeks of absolute nothing. However this time around there are many more interesting factors brewing.

considering selling at current price (makes decent profit) and putting in a stop order to buy back in case price rises above 1015... I figure if it breaks through that it will keep on going for a while. Smart of dumbest idea ever? Worried about a big drop when I'm not paying attention...

I don't think 1015 is a good level, we've hit that a few times, I think 1020-1030 is better for a real breakout to become highly likely.