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

[bitcoinvest]

Kraken bought cryptowatch and the founder joined the Kraken team. New chart!

https://trade.kraken.com

Source: http://www.coindesk.com/kraken-acquires-digital-currency-data-portal-cryptowatch/

It's a trading platform not only a chart... i posted that 3 posts before or so.... you don't read before you post?

Ofc i read. But apparently i didnt read your post. Just wanted to share this with fellow bitcoin investors since i really like this new feature of Kraken. Didnt want to upset you  

You did not upset me at all It's maybe the fact that i see more and more newbie accounts posting the same and the same like new posts that in fact are not... and if it was 3-4 pages back ok i can understand but general when you want to speak usually you do a small read 1-2 pages to catch the mood of the topic that you didn't as we all understood...

But no worries MtGox yes it did upset me but you ...nahhh you just can't  peace! all good!

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[swogerino]

are we rich yet?? 

Kind like my walking bear looking around for where the $2000 resistance was coming from

http://imgur.com/a/upnSg

This is what I am getting from being stuck just below $1999.

Anyone, anyone? Bueller, Bueller.

An idle bear is a lazy bear!

[600watt]

are we rich yet?? 

Kind like my walking bear looking around for where the $2000 resistance was coming from

http://imgur.com/a/upnSg

This is what I am getting from being stuck just below $1999.

Anyone, anyone? Bueller, Bueller.

An idle bear is a lazy bear!

this bear waited for in the dump

[marcus_of_augustus]

gawd, is it ever bearish around here ... just a little euphoria maybe, everyone seems a bit bored with ATH these days, ho-hum.

[rjclarke2000]

gawd, is it ever bearish around here ... just a little euphoria maybe, everyone seems a bit bored with ATH these days, ho-hum.

I think we are all aware the ETF won't happen and there will be a dump at the end of next week which the mainstream media outlets will love and report on no end.

ATH is great but next week I think will piss on everyone's fire.


Just my opinion from a pessimistic bull.

[GGALINff]

I don't care if ETF gets approved or not,  just dollar cost average in no matter what.
I gotta think 2,000$ is going to be huge resistance - seems everyone is targeting to sell some around then

[Room101]

gawd, is it ever bearish around here ... just a little euphoria maybe, everyone seems a bit bored with ATH these days, ho-hum.

I think we are all aware the ETF won't happen and there will be a dump at the end of next week which the mainstream media outlets will love and report on no end.

ATH is great but next week I think will piss on everyone's fire.


Just my opinion from a pessimistic bull.

I don't think the ETF will be approved, but I think we will be stable above $1K a few days afterwards.

[marcus_of_augustus]

And if this puzzle goes like this: ETF Approval, Europe Crisis gets bigger... etc then maybe we need buy plots to the moon already...

You forgot to add March 15th to that list. This year will be fun times to watch..

March 17th St. Patrick's day ... gonna be yuge party for the Irish leprechaun BagHodlers, to be sure, to be sure.


Everybody seems to be forgetting SolidX ETF approval on March 30 (... be careful which ETF you wish for, would be tragic if Winkles got rejected and SolidX got accepted and banksters would luv the irony and cash-spinning volatility of that mess)

[r0ach]

Gold people coming out of the woodwork against bitcoin heh:



Both Rickards and Schiff are actually correct, they just don't know why and don't know enough about bitcoin to articulate it, but this is why

The fact is, bitcoin does NOT function as a store of value, period.  The way bitcoin is designed pigeonholes it into acting as a settlement layer, and what is the #1 attribute needed for being a settlement layer?  ...being a store of value.  This makes it kind of inherently designed to fail at what it's supposed to do because bitcoin does not exist in a vacuum, it has to compete against the noble metals.  The noble metals are orders of magnitude better in anti-fragility, store of value, and even decentralization than bitcoin is.

As I said before:

A settlement layer has to compete with or beat gold as a store of value.  Bitcoin cannot accomplish that task so it has to do something else besides being a settlement layer or there is no point!

This means bitcoin's value has to be floated by raw transaction flow instead of people hoarding it for no reason as a store of value.  It is my estimate that you would need something like 5000 TPS in order for bitcoin to function as a raw transaction handler instead of a store of value.  And the following post explains why bitcoin isn't a store of value in the first place:

https://steemit.com/bitcoin/@r0achtheunsavory/the-r0ach-report-vol-7-bitcoin-is-not-an-actual-store-of-value-because-there-is-no-real-price-floor-or-inelastic-demand

*Disclaimer:  I am not bearish on the price of bitcoin in the short term, just that once it's market cap has topped out, everyone is going to convert the profits straight to the base of Exter's pyramid (gold and silver) due to being more anti-fragile and a better store of value.

[marcus_of_augustus]

^^

Not sure which planet you've dropped in from .... but bitcoin has been shitting all over gold in annual returns for 7 out of 8 years of its short existence.

You're beloved Central Banking scumbag friends have made gold their bitch for the last century, so i guess you've got that going for it 

You're farting against the thunder of a historical change in humanities conception of money.

[Ted E. Bare]

The bitcoin naysayers have always been wrong. I wonder for how much longer they remain to exist...

[Holliday]

I observe a wall.

...and it's gone! Anyone else see it?

[spooderman]

I observe a wall.

...and it's gone! Anyone else see it?

yeah been a long time since i've seen a huge buy wall like that.

[JimboToronto]

Another day, another ATH, another fine green candle.



This will never get boring.

[Holliday]

I observe a wall.

...and it's gone! Anyone else see it?

yeah been a long time since i've seen a huge buy wall like that.

I caught a pic of it's ghost.

[r0ach]

^^

Not sure which planet you've dropped in from .... but bitcoin has been shitting all over gold in annual returns for 7 out of 8 years of its short existence.

You're beloved Central Banking scumbag friends have made gold their bitch for the last century, so i guess you've got that going for it  

You're farting against the thunder of a historical change in humanities conception of money.

You didn't refute anything I said and just posted the equivalent of a bitcoin bumper sticker.  Bitcoin does not function as a store of value.  In the long run I believe this will be a rather large problem since being a store of value is critical to a settlement network.  In the short term the price can pump and dump to any kind of number imaginable.  The market can be irrational longer than you can remain solvent, as the saying goes.

As for a real world example, let's say you worked your entire life, 40-50 years or whatever, and you're sitting on a pile of money and are forced at gunpoint to convert every cent of it into either gold and silver or bitcoin.  In that theoretical example, who is actually going to choose bitcoin?  Pretty much nobody.  It's not because bitcoin is an "immature" technology or whatever.  This is the way it will always be.  Bitcoin cannot defeat the noble metals as the base of Exter's pyramid.  It's completely impossible.

[kromer]

I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

I can only imagine he's doing it from his private yacht just to laugh at us.

[Wexlike]

Not much left till 5000$. 

[JimboToronto]

I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

That wasn't a wall of bitcoins. It was a wall of USD.

Saw the same thing yesterday. An offer to buy 1000 coins appears out of the blue and vanishes seconds later.

Same person or group?

[r0ach]

I saw that wall. It's kind of ridiculous. Don't multi-millionaires have more fun things to do than flash monster-sized bitcoin walls?

That wasn't a wall of bitcoins. It was a wall of USD.

Saw the same thing yesterday. An offer to buy 1000 coins appears out of the blue and vanishes seconds later.

Same person or group?

It's a whale signal that they want other whales to drop suppression walls and move the market up.  Of course whales can always double cross other whales and all kinds of fuckery.