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

[jackjack]

Us Brits still won't be having a 4 digit party for a little while yet.

Ah, but it'll make it all the sweeter when it arrives. I remember someone on Localbitcoins had an ad going for ages urging people to make history by being the first to pay £1000 when everyone else was a few hundred cheaper. I think that's a reverse psychology too far.

It'll happen this year I am sure. I've hodled long enough not to worry about it.

It'll happen this week I am sure. I've hodled long enough not to worry about it.

[JimboToronto]

It does seem uncanny how it storms up just shy of $1000EUR and then seems to hit a roadblock.

My tinfoil hat is starting to hum. 

[julian071]

It does seem uncanny how it storms up just shy of $1000EUR and then seems to hit a roadblock.

My tinfoil hat is starting to hum.  

It's just people shorting from slightly under 1000. That's a great way to make some free money, until it isn't and all those people get liquidated hard.

.... Maybe I'll go long this time....

[jackjack]

[Paashaas]

Bitcoin is just like a balloon underwater, some try to hold in under but the longer they keep it underwater the harder it will shoot up.

Bitcoin is not exactly the first attempt at monetary reform:

https://www.youtube.com/watch?v=yFIuATI0558

I hate those Zionist Jews with there Pyramid Debt Slave Fiat Ponzi Banking System. They got so much power for so many years, even huge army's cant take them out...But now, we can by-pass them with Bitcoin without fireing one singel shot! Thats my main reason why i'm a fanatic Bitcoin supporter, financial freedom for everybody!

[HI-TEC99]

this seems interesting: http://www.coindesk.com/bitcoin-investor-roger-ver-to-push-for-okcoin-liquidation-in-court/

If a court liquidates OKccoin before the end of its withdrawal freeze the Bitcoins on the exchange could get locked up indefinitely, until a receiver shares them out. That would help maintain the supply/demand imbalance on other exchanges. There's not enough coins to satisfy demand as it is.

[Aviator019]

Bitcoin is just like a balloon underwater, some try to hold in under but the longer they keep it underwater the harder it will shoot up.

Bitcoin is not exactly the first attempt at monetary reform:

https://www.youtube.com/watch?v=yFIuATI0558

I hate those Zionist Jews with there Pyramid Debt Slave Fiat Ponzi Banking System. They got so much power for so many years, even huge army's cant take them out...But now, we can by-pass them with Bitcoin without fireing one singel shot! Thats my main reason why i'm a fanatic Bitcoin supporter, financial freedom for everybody!

It's okay to talk about politics, but maybe you guys could try to keep it a bit more directly related to bitcoin?

[Paashaas]

WoW, look at all those fake Nodes popping up at the same time..This will not end up very well isn't it?

To many Nodes running by a hand-full of people, BU will go bust. Segwitt will prevail!

[Torque]

this seems interesting: http://www.coindesk.com/bitcoin-investor-roger-ver-to-push-for-okcoin-liquidation-in-court/

If a court liquidates OKccoin before the end of its withdrawal freeze the Bitcoins on the exchange could get locked up indefinitely, until a receiver shares them out. That would help maintain the supply/demand imbalance on other exchanges. There's not enough coins to satisfy demand as it is.

Not to mention, I have a sinking suspicion (as others have noted too) that some of the Chinese exchanges could be insolvent, might have been for a long time now.  They've probably gotten away with naked shorting for a while now.

If the PBoC ever starts to audit them, they might be in trouble.

[gentlemand]

It's okay to talk about politics, but maybe you guys could try to keep it a bit more directly related to bitcoin?

You must be new here. For some reason the second favourite subject of many people on this forum after Bitcoin is being vile about Yiddisher. Hopefully they'll all get their own sub section eventually where they can spit and foam in peace.

[BrewMaster]

haha, funny picture.
everything is a matter of perspective! based on your previous comments i am sure you meant this as to be seen from left to right but the "car" seems to be heading down if you look at it from right to left

[r0ach]

Bitcoin is just like a balloon underwater, some try to hold in under but the longer they keep it underwater the harder it will shoot up.

Bitcoin is not exactly the first attempt at monetary reform:

https://www.youtube.com/watch?v=yFIuATI0558

I hate those Zionist Jews with there Pyramid Debt Slave Fiat Ponzi Banking System. They got so much power for so many years, even huge army's cant take them out...But now, we can by-pass them with Bitcoin without fireing one singel shot! Thats my main reason why i'm a fanatic Bitcoin supporter, financial freedom for everybody!

Bitcoin can't defeat them for numerous reasons such as mining centralizing via economy of scale where you need to be a corporation-level entity to participate at all.  Bitcoin will be ruled by oligarchs with the last name "Goldstein" just like every other financial product on earth.  Attempting to remove the economy of scale aspect usually opens you up to Sybil attack.  To actually make bitcoin decentralized, you would have to use more advanced cryptography and invent decentralized captchas or puzzles where users manually solve them by hand instead of oligarchs creating giant, automated farms where they rule over bitcoin as slumlords, rigging the fee markets and siphoning off all the transaction fees until they own them all, maintaining their slavery over you.

In other words, it's EXTREMELY difficult for Bitcoin to make a real positive impact on the financial world in current form.  The only real decentralized currencies on earth known to man are using the noble metals as currency in physical form (not "backed" paper).  Of the noble metals, only two qualify for use as currency:  gold and silver.  Of those two contestants, "they" have already cornered one of them - gold, leaving you with silver as the only real decentralized currency on earth in the current state of affairs.  Although JP Morgan supposedly owns more silver than the Hunt Brothers did now - 550 million ounces ($10 billion).

[gembitz]

this seems interesting: http://www.coindesk.com/bitcoin-investor-roger-ver-to-push-for-okcoin-liquidation-in-court/

If a court liquidates OKccoin before the end of its withdrawal freeze the Bitcoins on the exchange could get locked up indefinitely, until a receiver shares them out. That would help maintain the supply/demand imbalance on other exchanges. There's not enough coins to satisfy demand as it is.

Not to mention, I have a sinking suspicion (as others have noted too) that some of the Chinese exchanges could be insolvent, might have been for a long time now.  They've probably gotten away with naked shorting for a while now.

If the PBoC ever starts to audit them, they might be in trouble.

^talks begin re: bailout of insolvent bitcoin exchanges in mainland china :-D

[r0ach]

Just about all these exchanges are MtGoxs.  Huobi and their constantly running algorithm that moves the price around wherever it wants at will is even more shady than MtGox was.

[d5000]

Markets at this moment don't seem to agree on a price or even price evolution:

Huobi & OKCoin - first going down, now up to the moon.
Bitstamp - stable just under 1000€
Bitfinex - slightly bullish with continuous increase - 1000 € in sight now
BTCC - very bullish

Seems the Chinese withdrawal restrictions are making prices diverge because arbitrage isn't that easy now.

[HanvanBitcoin]

About to hit €1.000,- on Kraken!!   Can't stop the feeling! Just dance, dance, dance girl!
https://www.youtube.com/watch?v=ru0K8uYEZWw

[JimboToronto]

Bitfinex - slightly bullish with continuous increase - 1000 € in sight now

It actually touched $1067.4USD on Finex a little while ago. That's 1004.85EUR.

Of course it bounced down from there, but not too far.

[jackjack]

haha, funny picture.
everything is a matter of perspective! based on your previous comments i am sure you meant this as to be seen from left to right but the "car" seems to be heading down if you look at it from right to left

Actually I saw the car was facing down, I posted it right after the max at $1065, I just found it funny
I'd like to try to make useful posts but being serious or posting facts doesn't seem to be the mood here

[d5000]

It actually touched $1067.4USD on Finex a little while ago. That's 1004.85EUR.
Of course it bounced down from there, but not too far.

You are actually right. The Euro went down in the last 3 hours from 1.067 to 1.062 USD. But when Finex hitt 1067 USD the EUR already was below 1.065. But it's very possible that the bounce was related to the mBTC/Euro parity  (looks cooler this way, I think ).

I think this time it looks definitely like the  EUR/mBTC barrier will be broken. Demand seems very strong - even on Chinese exchanges, where people would have to wait almost a month to withdraw their BTC. 

[Gillette]

We are heading to new ATH!