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

[becoin]

Im really thinking of getting more exposure in alts. We might see sub 1 k :/

Hmm...this is how shills are born. Sell low, buy alts high, then try to recover your losses by trying to get everyone else to buy your alt with the hopes of breaking even and selling.

Yup. Just had to talk my coworker out of buying into the ETH/Dash bubble. He had a serious case of FOMO. Sure, the price may be much higher before it bursts. But you have to be retarded not to see that this growth is not sustainable...

Don't stop them! Let them buy! A lot of people can learn only one way, the hard way.

[savetherainforest]

“With growth momentum nearing its peak and rates increasing further with a hawkish Fed, the asymmetry for equities is turning increasingly negative. This also means more vulnerability to potential shocks, e.g., from European politics, US policy, commodities and China. The increase in risk appetite in recent months and strong positioning by systematic investors such as CTAs and risk parity funds increases ‘vol of vol’ risk, i.e., the potential for a sharp correction.”
-Goldman Sachs, March 15th, 2017

 

THE SHILL HAS SPOKEN!!!





So much propaganda!! Amaigad!!      





Embrace your physical gold, silver and BTCiTcoin! And expect a crash landing!    

y'all going to get short squeezed like chimps.

Bad move bro...

[Starving_Marvin]

Im really thinking of getting more exposure in alts. We might see sub 1 k :/

Hmm...this is how shills are born. Sell low, buy alts high, then try to recover your losses by trying to get everyone else to buy your alt with the hopes of breaking even and selling.

Yup. Just had to talk my coworker out of buying into the ETH/Dash bubble. He had a serious case of FOMO. Sure, the price may be much higher before it bursts. But you have to be retarded not to see that this growth is not sustainable...

Don't stop them! Let them buy! A lot of people can learn only one way, the hard way.

Just have to sell before the bubble bursts. Simple as that.
https://www.youtube.com/watch?v=tO5sxLapAts

[boyshx]

i bet its gana go F'ing sideways all bloody weekend again

Is the bottom in? It's back to $1155 on stamp, the dumps have stopped, and there's been a few little pumps.

the downtrend has not ended imo

[Arcteryx]

...
Where is Litecoin in all of this? Usually it's LTC price increase with the BTC's.
Confused by this happening.
...

For the last two years the pattern was: BTC goes down -> LTC goes down with it ; BTC goes up - > LTC stays flat

But for the last week, LTC started displaying the reversal of this trend. First it just stayed at the same point no matter what happened to BTC. Now it's showing some growth. My guess is people are considering that it's bottomed out after falling for 3 years and that it's a good buy-in point.

No confused about that point.
I am about how Ethereum and Dash can be doing this because their worth is much more prominent then Litecoin's is.
Litecoin has always been bitcoin's little brother wanting to be what he has become but never will.
But now ETH and DASH has broken out and are "moose on the loose" phenoms.
That's what i am so veclement about. {Click the smiley to see what I am talking about.. talk amongst yourselves! }

[JohnUser]

i bet its gana go F'ing sideways all bloody weekend again

Is the bottom in? It's back to $1155 on stamp, the dumps have stopped, and there's been a few little pumps.

the downtrend has not ended imo

Maybe...

Cointelegraph just write "News is expected imminently of how Chinese authorities will go about regulating Bitcoin and its trading in the country, which historically has exerted considerable influence on the price of a coin."
But when is "imminently"

[york780]

Still expect an another down move like abc , we are now at b.

[gentlemand]

Maybe...

Cointelegraph just write "News is expected imminently of how Chinese authorities will go about regulating Bitcoin and its trading in the country, which historically has exerted considerable influence on the price of a coin."
But when is "imminently"

If you hadn't noticed the Chinese have had zero influence on the price recently and look what happened. For the short period China was operating like everywhere else it was a pussified shadow of its former self.

If they allow the markets to reemerge they'll have no more influence than anywhere else. Back in the day everyone was terrified of them. That was proven to be a mirage.

I don't see what fud ammo is left with China now. The only thing is mining.

[HI-TEC99]

i bet its gana go F'ing sideways all bloody weekend again

Is the bottom in? It's back to $1155 on stamp, the dumps have stopped, and there's been a few little pumps.

the downtrend has not ended imo

Maybe...

Cointelegraph just write "News is expected imminently of how Chinese authorities will go about regulating Bitcoin and its trading in the country, which historically has exerted considerable influence on the price of a coin."
But when is "imminently"

I don't think it will be fast, the PBOC is only circulating new draft guidelines. It hasn't enacted them yet, and to comply with them the exchanges have to to install systems for collecting and reporting suspicious trading activity to authorities.

The question is how long does it take the PBOC to enact guidelines?

http://www.marketwatch.com/story/chinas-new-bitcoin-rules-call-for-identity-check-2017-03-17

BEIJING--China's central bank is moving to regulate its domestic bitcoin industry, circulating new guidelines that, if enacted, would require exchanges to identify clients and adhere to banking regulations.

A draft of the guidelines says Chinese bitcoin exchanges would be subject to current banking and anti-money-laundering laws, and required to collect information to identify their clients, according to people familiar with the matter. They say the rules, if implemented, would require exchanges to install systems for collecting and reporting suspicious trading activity to authorities. The People's Bank of China would be in charge of handling violations by the exchanges.

[JohnUser]

i bet its gana go F'ing sideways all bloody weekend again

Is the bottom in? It's back to $1155 on stamp, the dumps have stopped, and there's been a few little pumps.

the downtrend has not ended imo

Maybe...

Cointelegraph just write "News is expected imminently of how Chinese authorities will go about regulating Bitcoin and its trading in the country, which historically has exerted considerable influence on the price of a coin."
But when is "imminently"

I don't think it will be fast, the PBOC is only circulating new draft guidelines. It hasn't enacted them yet, and to comply with them the exchanges have to to install systems for collecting and reporting suspicious trading activity to authorities.

The question is how long does it take the PBOC to enact guidelines?

http://www.marketwatch.com/story/chinas-new-bitcoin-rules-call-for-identity-check-2017-03-17

BEIJING--China's central bank is moving to regulate its domestic bitcoin industry, circulating new guidelines that, if enacted, would require exchanges to identify clients and adhere to banking regulations.

A draft of the guidelines says Chinese bitcoin exchanges would be subject to current banking and anti-money-laundering laws, and required to collect information to identify their clients, according to people familiar with the matter. They say the rules, if implemented, would require exchanges to install systems for collecting and reporting suspicious trading activity to authorities. The People's Bank of China would be in charge of handling violations by the exchanges.

I saw this link but didn't read. Thank you for summary.

[Ted E. Bare]

If too many wait to buy at a certain lower price, they might not be able to buy at all. Not everyone can buy at the exact same time.
Not everyone will catch the bottom. Trading is not that different from gambling. But to each their own strategy.

[tk3609]

If too many wait to buy at a certain lower price, they might not be able to buy at all. Not everyone can buy at the exact same time.
Not everyone will catch the bottom. Trading is not that different from gambling. But to each their own strategy.

In traditional gambling odds are usually against you, in trading you have 50% chance of winning, if you specify take profit and stop loss.

[HI-TEC99]

If too many wait to buy at a certain lower price, they might not be able to buy at all. Not everyone can buy at the exact same time.
Not everyone will catch the bottom. Trading is not that different from gambling. But to each their own strategy.

Some traders will wait until they are sure the bottom is in, then buy back. That should result in a significant pump. We are only $100 down from the recent high, and if it continues going back up those traders will have to buy back fast, or lose their profits by buying back at a loss.

[york780]

So much FOMO propaganda in 1 post lol

[blockcha1n]

So much FOMO propaganda in 1 post lol

All because when there is nothing to talk about with the price at a stand still, it's when they want to make it move solely by their words.
Well in hopes too, at any rate.

[Denker]

http://www.coindesk.com/bitcoin-exchanges-unveil-emergency-hard-fork-contingency-plan/

According to the statement – backed by Bitfinex, Bitstamp, BTCC, Bitso, Bitsquare, Bitonic, Bitbank, Coinfloor, Coincheck, itBit, QuadrigaCX, Bitt, Bittrex, Kraken, Ripio, ShapeShift, The Rock Trading and Zaif – the exchanges would list the BU asset under the BTU or XBU tickers in the event of a network split, which they collectively say "may be inevitable".

That's some really great news!
The big exchanges would list BU as an alternative asset in terms of a network split!
So even with less hashrate BTC keeps being BTC.Awesome!

[Torque]

i bet its gana go F'ing sideways all bloody weekend for another 2 months again

FTFY

[york780]

https://www.tradingview.com/chart/BTCUSD/3K0uaSAN-Is-it-time-for-the-correction/

Meh c move is more likely. We have had the consolidation period already.

[york780]

This 1 is 100% correct. ABC move thats what going on : https://www.tradingview.com/chart/BTCUSD/ST356mvt-03062334-BITCOIN-BE-PREPARED/

Thank me later 

Safe your fiat and buy more in the dip !

[savetherainforest]

i bet its gana go F'ing sideways all bloody weekend for another 2 months again

FTFY

Are you mad?? I'm expecting 1300+ in the next few days!