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

[Meuh6879]

1. etf hype

2. mass buy

3. etf rejected

4. weak hands cleared.

5. way to go.

NEXT

6. road to $2000 s open.

gg wp

we need segwit, because ... we can't keep walking.
we need dance, now.

[r0ach]

This market has turned full blown scam. 

Price up 1.6% from pre-ETF decision pump of $1200?  Not down....not even 5% down...but UP instead? LOL.  If there was any exchange on earth besides Bitfinex being the market leader to determine price world-wide, I might let it slide, but we're talking about the second coming of Mt Gox here - an exchange that already appeared to be naked shorting their own customers during the halving, admittedly traded on their own exchange while knowing where all margin positiosn are, probably traded with customer funds too, and then ranomly out of the blue stole something like $70 million of bitcoin from customers. 

Is this a dream?  How does Bitfinex STILL control the world-wide price of bitcoin while being completely insolvent and still owing customers something like $60 million dollars???

[P_Shep]

I can't believe my bitcoin is only worth what it was worth 3 days ago

[Paashaas]

Impressive recovery!

[willope]

I can't believe these price movements. Every time I consider selling my coins to wait bear market this happens. Price recovers from the dust. No explications.
Bitcoin is like a ROCK STAR. Doesn't follow any rules.

Bull market still strong.

[Killerpotleaf]

[r0ach]

I can't believe these price movements. Every time I consider selling my coins to wait bear market this happens. Price recovers from the dust. No explications.

LOL, yea, and you should probably start questioning why the price is always led by the most scammy exchange on the planet and how they keep managing to raise the price over and over on zero volume compared to when the price was $400-800. 

I used to trade on Bitfinex but wouldn't touch it with a 10 foot pole nowadays, yet when I ask in this thread, who the fuck is trading on this scam of an exchange?  Not a single person in this thread says they are.  So the question is, if nobody is actually trading on Bitfinex, what exactly are we looking at here?  Just the exchange owner moving the buy and sell walls around wherever he wants with no actual customers and that determines world-wide bitcoin price?

[Killerpotleaf]

start watching this market, its the new leader

http://bitcoincharts.com/charts/coincheckJPY#rg10ztgSzm1g10zm2g25zv

is there a fundamental flaw with the JPY which causes it to crumble when compared to bitcoin?

[Killerpotleaf]

i always underestimate the magical unicorn effect

[Biro Bob]

The ETF rejection was a good thing and I think thats why the price is rising. I was worried that coins would be eaten up by hedge funds and price heavily manipulated up and down on a wildly insane level due to mass manipulation by the largest player in the Bitcoin sector.

[Biro Bob]

The ETF rejection was a good thing and I think thats why the price is rising. I was worried that coins would be eaten up by hedge funds and price heavily manipulated up and down on a wildly insane level due to mass manipulation by the largest player in the Bitcoin sector.

I want a gun wielding cat riding a fire breathing unicorn.

[Killerpotleaf]

without considering manipulation

this rise indicate 1 of 2 things

1) all the money on the sidelines waiting for an ETF approval, is pilling in because... "well i'm not going to send the money back to my bank account, plus looks like cheap coins to me!"

2) Trump has entered into a BTC bidding war with India and Japan <- ( magical unicorn )

[eddie13]

start watching this market, its the new leader

http://bitcoincharts.com/charts/coincheckJPY#rg10ztgSzm1g10zm2g25zv

is there a fundamental flaw with the JPY which causes it to crumble when compared to bitcoin?

Anyone here use this exchange?

[JayJuanGee]

The ETF rejection was a good thing and I think thats why the price is rising. I was worried that coins would be eaten up by hedge funds and price heavily manipulated up and down on a wildly insane level due to mass manipulation by the largest player in the Bitcoin sector.

I agree. 

As you suggest, such denial of the ETF may have been a blessing in disguise.

[Killerpotleaf]

BTC/JPY is pushing higher still!

if you subscribe to the idea that  no ETF is more bullish then ETF
and you look at the charts and consider other bullish fundamentals
one can only conclude we will hit a new ATH very soon.
and that we are set to go MUCH higher, 1800 mid term, 3000 long term

[HI-TEC99]

start watching this market, its the new leader

http://bitcoincharts.com/charts/coincheckJPY#rg10ztgSzm1g10zm2g25zv

is there a fundamental flaw with the JPY which causes it to crumble when compared to bitcoin?

Anyone here use this exchange?

I looked for users in the Japanese language section that use coincheck, but there isn't a Japanese section. Well I couldn't find one.

There should be one considering Satoshi's a Japanese name.

[gentlemand]

I looked for users in the Japanese language section that use coincheck, but there isn't a Japanese section. Well I couldn't find one.

There should be one considering Satoshi's a Japanese name.

Zero fee = irrelevant. And they'll all be foreign traders who can't get onto the Chinese exchanges any more. As far as I can tell Japan is a crypto desert.

https://coin.dance/volume/localbitcoins/JPY/BTC

This does not scream huge interest to me. This week's volume was, er, 28 BTC. So that's 1 BTC per 5 million people.

[HI-TEC99]

I looked for users in the Japanese language section that use coincheck, but there isn't a Japanese section. Well I couldn't find one.

There should be one considering Satoshi's a Japanese name.

Zero fee = irrelevant. And they'll all be foreign traders who can't get onto the Chinese exchanges any more. As far as I can tell Japan is a crypto desert.

https://coin.dance/volume/localbitcoins/JPY/BTC

This does not scream huge interest to me. This week's volume was, er, 28 BTC. So that's 1 BTC per 5 million people.

It's not according to coinmarketcap, which shows bitFlyer's BTC/JPY market as the fourth biggest Bitcoin market. If you disregard poloniex's DASH/BTC and ETH/BTC msarkets it's in second place for volume.

edit

You're right, bitFlyer doesn't appear to charge fees for BTC/JPY trading. That volume's bullshit. Why hasn't coinmarketcap put it in the no fees section marked with an asterisk?


https://coinmarketcap.com/currencies/bitcoin/#markets





edit2

It charges fees for "Bitcoin Easy Exchange" and "Lightning Spot" but there's no fees for "Bitcoin Market" and "Lightning FX". WTF does that mean? What volumes do those various markets have, and does coinmarketcap's volume include them all?

[Genesis1337]

without considering manipulation

this rise indicate 1 of 2 things

1) all the money on the sidelines waiting for an ETF approval, is pilling in because... "well i'm not going to send the money back to my bank account, plus looks like cheap coins to me!"

2) Trump has entered into a BTC bidding war with India and Japan <- ( magical unicorn )

ok that first one is crazy, dayum

[gentlemand]

It's not according to coinmarketcap, which shows bitFlyer's BTC/JPY market as the fourth biggest Bitcoin market. If you disregard poloniex's DASH/BTC and ETH/BTC msarkets it's in second place for volume.

https://bitflyer.jp/en/commission

Zero fees.

If I hosted a zero fee exchange in my grandmother's pussy, it does not mean the population of my grandmother's pussy has adopted Bitcoin en masse.

It's exactly the same but even more blatant than China. Once fees are in place it'll go down to a piffling trickle. No one uses it in Japan.