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

[r0ach]

remarkable market is holding this price like a champ.

Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking.

[vortex1878]

remarkable market is holding this price like a champ.

Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking.

You are so full of shit.
But keep it up till my Fiat arrives on Monday... ^^

[r0ach]

remarkable market is holding this price like a champ.

Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking.

You are so full of shit.
But keep it up till my Fiat arrives on Monday... ^^

Do you know nothing about the bitcoin market?  This entire run that started around $1000 was all predicated on ETF hype.  If you factor in $1200 as the market price of the ETF hype (I don't consider that manipulation squeeze blow off top on ETF day as a real metric of anything), then best case scenario of ETF denial would probably be a 50% retrace to $1100, and worst case a full retrace or dump lower than where it started.  Hence my statement, there is zero upside on price from this point in the short term.

[Killerpotleaf]

remarkable market is holding this price like a champ.

Price has absolutely no short term upside at all, so it feels like some whales who got stuck on the wrong side of the ETF trade are propping it up in order to then come in with the flash $4-5 million dump on finex and bitstamp while nobody is looking.

I try to steer clear of " the manipulator is manipulating" speculation altho there is no doubt some of that going on...

A lot of money was waiting on the sidelines looking to buy on the ETF approval.
now that its not approved this money is content with "buying the dip"
But I'm thinking the amount of BTC held back from selling because "the ETF is coming SOON^TM" is a massive amount.
there's a huge amount of profit taking to take place, can market really absorb that while pushing new highs, with "absolutely no short term upside at all".

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

[JimboToronto]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

No magic unicorns required. Natural growth will take it back over $1350 when the time comes.

[r0ach]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

[Ibian]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

[r0ach]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

[Torque]

the true reason for rejections is " we dont want help bitcoin in anyway, because we dont like itcan't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

FTFY

[Ibian]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

I don't know what that means.

[r0ach]

can't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

Except by just printing some fiat, buying a bunch of miners (which isn't decentralized), then keep parlaying the profits of those miners into infinity like every miner already does?  PoW is mostly externalized proof of stake in practice.

[swogerino]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

I don't know what that means.

You gotz to be jokin'!

Go watch Wolf on Wall Street my man!

I can just hear him sayin' : Alright, Alright, Alright!
https://youtu.be/FlaC0ZFcGrI

[Torque]

can't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

Except by just printing some fiat, buying a bunch of miners (which isn't decentralized), then keep parlaying the profits of those miners into infinity like every miner already does?  PoW is mostly externalized proof of stake in practice.

So the wealthy elite can't just print money and buy up all of what little Gold there is on the planet? Or hell, do they even need to prove that they actually bought it in the first place?

[bones261]

can't rig the system to allow our crooked wealthy elite overlords to corner the market and screw over the masses"

Except by just printing some fiat, buying a bunch of miners (which isn't decentralized), then keep parlaying the profits of those miners into infinity like every miner already does?  PoW is mostly externalized proof of stake in practice.

So the wealthy elite can't just print money and buy up all of what little Gold there is on the planet? Or hell, do they even need to prove that they actually bought it in the first place?

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

[Karartma1]

so bitcoin does not, and probably never will, fit into any existing legal system.

Math doesn't need to fit into legal systems. Legal systems need to fit into Math!

Agreed



It’s like asking why is Ludwig van Beethoven’s Ninth Symphony beautiful. If you don't see why, someone can't tell you. I know numbers are beautiful. If they aren't beautiful, nothing is.
Paul Erdos

[r0ach]

The Hunt brother's tried to do that with the silver market and ended up getting their ass handed to them.

The bankers changed the exchange rules on the Super Hunt Brothers on the fly and basically forced them to liquidate their positions, selling all of their silver instead of buying more.

[savetherainforest]

FUCK THE ETF!

New ATH coming at ya this month or soon after. Better for all of us that this wall street bullshit did not screw things up for BTC in the long haul

They can't regulate BTCiTcoin anyway... that is their problem!


ATH would have failed!... Because mostly everyone would have bought the real thing!(in spite of the ATH existance)... Meaning that their rigged paper market attempt with the ATH was just to store value in a place with a rigged system and keep a stable value!... even when the real trades of bitcoin where going down! Meaning that it was a "safe haven" for them to park their money! And they basically being "vampire feeders" of a stable currency, while the others where crashing!

But the problem stands that when they talk a big game about big amounts! No one will want their 'fake' monopoly money that are just numbers on the screen when the big deals will take place. Because they are still dependable on their banking vulnerabilities that no amount of money would be recoverable when the system fails. Meaning the fake banking system will drag everything with them that is remotely related to them in any way, shape or form... including all the mainstream "money" (allegedly: dollar, euro, etc...) and their paper gambling game rigging that is in the gold / silver or maybe bitcoin as well, and everything... has the same value! (that value being : *worthless!* )

[marcus_of_augustus]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

[savetherainforest]

dip buyers:
this dip buying is Cute, but dont expect a magical unicorn to buy it back up over 1350 once your done.

Almost feels like bots are trading like that $1350 number was actually real.

...it was.

It was so real this song began playing right as it happened:

http://www.youtube.com/watch?v=VcXV1Pm77h4

I don't know what that means.

You gotz to be jokin'!

Go watch Wolf on Wall Street my man!

I can just hear him sayin' : Alright, Alright, Alright!
https://youtu.be/FlaC0ZFcGrI

https://www.youtube.com/watch?v=7TazQv8gLF4


 


Fairy dust! .. exactly!

[Killerpotleaf]

Feels like a big disconnect between trader's "sentiment" and the external market here to me.

I think traders got overly focused (obsessed even) with the wtf ETF because it was 'their thing', Wall St., big bucks, yada yada yada, etc BS. So price has been dominated by trader's sentiment towards ETF thinking since at least mid December .... meanwhile the physical market on the street in India, Japan, China, Asia, Brazil, S. America, UK Europe, USA, etc has been picking up some serious exponential growth steam, look at wallet adoption numbers, s/ware downloads, localbitcoins.com.

Just saying you guys might be missing the woods for the trees. Try not to get run over by the bitcoin moon train when scalping your trading card pennies up off the track ...

the question now is, can the market support these prices without this "ETF coming Soon^TM" bullishness.

i'm betting that it can't, and we in for a sizeable drop, probably Below 1000$.. i'm looking forward to a more reasonable 950