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

[Omikifuse]

Oke i want to understand whats happening with the price can someone explain ?

the price is falling to sub 1200, I think it is self explanatory

[Omikifuse]

Oke i want to understand whats happening with the price can someone explain ?

Maybe this tweet, in which case probably undue panic.

https://twitter.com/f2pool_wangchun/status/852389706956365824

why, Segwit is not even close to be activated in the BTC network

[Killerpotleaf]

this is the "we are going nowhere, i'm out" bear trap. likely to be unimpressive...

[JohnUser]

"I should have sold at 1240" posts are comming..

Indeed, but 3 days ago i think it. That's the game and a good time to buy again, it should recover quick.

[andyatcrux]

why, Segwit is not even close to be activated in the BTC network

Because a lot of people react to F2pool, even if not rationally. This is just my speculation. Maybe they did not read further to find out that he is against emergent consensus too. If F2Pool were to signal BU than that would be cause for panic, but that is clearly not going to happen.

[Dakustaking76]

Yea But Why is there a panic ?
The prise risee steady And good beceause of Japan And rusia
In 1 min he felt from €1135 tot €1106
So i want to learn for my analysis of the btc market

[explorer]

Yea But Why is there a panic ?
The prise risee steady And good beceause of Japan And rusia
In 1 min he felt from €1135 tot €1106
So i want to learn for my analysis of the btc market

Human Nature.

[SERVERIA]

Oke i want to understand whats happening with the price can someone explain ?

Why nobody asks for an explanation while the price is going up? 

[andyatcrux]

Oke i want to understand whats happening with the price can someone explain ?

Why nobody asks for an explanation while the price is going up?  

I think I already did. See my post about the tweet that went out from Wang Chun of F2Pool. If that caused panic it would quickly bounce back because it was likely misunderstood. Now that we have broken back below 1200, it could create the beginning of a short term downtrend though.

[SERVERIA]

Oke i want to understand whats happening with the price can someone explain ?

Why nobody asks for an explanation while the price is going up?  

I think I already did. See my post about the tweet that went out from Wang Chun of F2Pool. If that caused panic it would quickly bounce back because it was likely misunderstood. Now that we have broken back below 1200, it could create the beginning of a short term downtrend though.

We'll be back into 12xx in minutes

[JayJuanGee]

Oke i want to understand whats happening with the price can someone explain ?

Let me explain the situeeeeeation to you just a wee bit so you can maybe begin to understand these kinds of thingie magiggies.. .. O.k. ?

We have a situeeeeeation where  the price goes UP.... lets say nearly testing previous ATH in mid-$1,100s.

Then the price goes DOWN to mid $700s

and then the price goes UP and DOWN and UP again to reach a new ATH of $1,350 (takes a couple of months this time)

then back DOWN  - this time to $890-ish


And then the price goes UP again.. and into our current state of being..  the upper $1,100s and the lower $1,200s.

As we reflect, for about 3 weeks, the price has been going up from $891 to $1,230 without any significant or meaningful correction.  For more than 3 days the price has been moving slowly up and largely staying between a $1,200 and $1,230 range... 

The price cannot stay in this kind of "toppie" range forever - and sooner or later someone is going to have to test to see how far they can push the price out of the range - to either go     UP    or   DOWN.


 In this case, we have witnessed, that the testing of the range was DOWN...

Whether there is going to be more DOWN is still to be determined - or whether we return to UP.. is still to be determined.


I would not be surprised either way, since so far, the test DOWN has only been about 5% from $1,230 to $1,165,which is almost nothing in bitcoinlandia.. and if we return back to above $1210-ish within the next day or two.. then it seems to me that we must be on our way UP to test the $1,350 levels... in other words, the next 24-48 hours are CRITICAL!!!!!!!

[GreekGeek]

Hey guys

can someone explain the situation with bitfinex, please

[HI-TEC99]

Hey guys

can someone explain the situation with bitfinex, please

If bitfinex wired money to your bank it did it through a chain of banks, each passing the money onto the next one in the chain. There might be four or more banks in that chain, and Wells Fargo Bank was one of the intermediaries in the chain.

Bitcoin.com explain how bitfinex was suing Wells Fargo Bank because it stopped passing money from bitfinex through that chain of banks. However, bitfinex dropped its lawsuit and is now probably finding a new chain of banks to send USD through that excludes Wells Fargo Bank.

It's not unusual for a bank to refuse to take part in wire transfers from another bank. Any business affected by a particular bank's refusal can just wire money through a different chain of banks, but it takes time to arrange a new chain.

https://news.bitcoin.com/bitfinex-withdraws-lawsuit-wells-fargo/

The problem of large banks discontinuing correspondent banking relationships with smaller banks is not an uncommon one.

[Creator4983]

Oke i want to understand whats happening with the price can someone explain ?

Let me explain the situeeeeeation to you just a wee bit so you can maybe begin to understand these kinds of thingie magiggies.. .. O.k. ?

We have a situeeeeeation where  the price goes UP.... lets say nearly testing previous ATH in mid-$1,100s.

Then the price goes DOWN to mid $700s

and then the price goes UP and DOWN and UP again to reach a new ATH of $1,350 (takes a couple of months this time)

then back DOWN  - this time to $890-ish


And then the price goes UP again.. and into our current state of being..  the upper $1,100s and the lower $1,200s.

As we reflect, for about 3 weeks, the price has been going up from $891 to $1,230 without any significant or meaningful correction.  For more than 3 days the price has been moving slowly up and largely staying between a $1,200 and $1,230 range... 

The price cannot stay in this kind of "toppie" range forever - and sooner or later someone is going to have to test to see how far they can push the price out of the range - to either go     UP    or   DOWN.


 In this case, we have witnessed, that the testing of the range was DOWN...

Whether there is going to be more DOWN is still to be determined - or whether we return to UP.. is still to be determined.


I would not be surprised either way, since so far, the test DOWN has only been about 5% from $1,230 to $1,165,which is almost nothing in bitcoinlandia.. and if we return back to above $1210-ish within the next day or two.. then it seems to me that we must be on our way UP to test the $1,350 levels... in other words, the next 24-48 hours are CRITICAL!!!!!!!

Nice explanation, thanks

[GreekGeek]

Hey guys

can someone explain the situation with bitfinex, please

If bitfinex wired money to your bank it did it through a chain of banks, each passing the money onto the next one in the chain. There might be four or more banks in that chain, and Wells Fargo Bank was one of the intermediaries in the chain.

Bitcoin.com explain how bitfinex was suing Wells Fargo Bank because it stopped passing money from bitfinex through that chain of banks. However, bitfinex dropped its lawsuit and is now probably finding a new chain of banks to send USD through that excludes Wells Fargo Bank.

It's not unusual for a bank to refuse to take part in wire transfers from another bank. Any business affected by a particular bank's refusal can just wire money through a different chain of banks, but it takes time to arrange a new chain.

https://news.bitcoin.com/bitfinex-withdraws-lawsuit-wells-fargo/

The problem of large banks discontinuing correspondent banking relationships with smaller banks is not an uncommon one.

Thanx for the explanation, just one more question:
So basically, from what we know of, no funds of bitfinex are being held by Wells Fargo. They just don't allow funds to go through and presumably return the funds to the sender, right?

[Torque]

Last chance to buy sub 1200?

Any news?? What is this

Bitcoin traded to pump ETH and DASH. Nothing to see here, move along...

[cellard]

Last chance to buy sub 1200?

Any news?? What is this

Bitcoin traded to pump ETH and DASH. Nothing to see here, move along...

Why are people buying DASH again? just speculation or something going on that drives the pump?

I know there's some hype with Raiden for ETH I guess that's why, but what's up with DASH again?

[HI-TEC99]

Hey guys

can someone explain the situation with bitfinex, please

If bitfinex wired money to your bank it did it through a chain of banks, each passing the money onto the next one in the chain. There might be four or more banks in that chain, and Wells Fargo Bank was one of the intermediaries in the chain.

Bitcoin.com explain how bitfinex was suing Wells Fargo Bank because it stopped passing money from bitfinex through that chain of banks. However, bitfinex dropped its lawsuit and is now probably finding a new chain of banks to send USD through that excludes Wells Fargo Bank.

It's not unusual for a bank to refuse to take part in wire transfers from another bank. Any business affected by a particular bank's refusal can just wire money through a different chain of banks, but it takes time to arrange a new chain.

https://news.bitcoin.com/bitfinex-withdraws-lawsuit-wells-fargo/

The problem of large banks discontinuing correspondent banking relationships with smaller banks is not an uncommon one.

Thanx for the explanation, just one more question:
So basically, from what we know of, no funds of bitfinex are being held by Wells Fargo. They just don't allow funds to go through and presumably return the funds to the sender, right?

Yes, Wells Fargo isn't holding any bitfinex funds, it's just refusing to process bitfinex related wires. There was a FUD reddit thread that said Wells Fargo was holding millions of bitfinex customer's dollars, but it was bullshit. Bitfinex stated in an announcement that "no U.S. banks are holding any customer funds".

https://www.bitfinex.com/posts

...for now, we do want to dispel some of the misinformation that we have seen on the internet:

No U.S. banks are holding any customer funds.

[Torque]

Last chance to buy sub 1200?

Any news?? What is this

Bitcoin traded to pump ETH and DASH. Nothing to see here, move along...

Why are people buying DASH again? just speculation or something going on that drives the pump?

I know there's some hype with Raiden for ETH I guess that's why, but what's up with DASH again?

A pump is not the same as "people buying". Whales can pump or dump into their own walls, and use fake news to drive the speculation in either direction.

Those shitcoins aren't going anywhere but down in the long term.

[york780]

Last chance to buy sub 1200?

Any news?? What is this

Bitcoin traded to pump ETH and DASH. Nothing to see here, move along...

Why are people buying DASH again? just speculation or something going on that drives the pump?

I know there's some hype with Raiden for ETH I guess that's why, but what's up with DASH again?

A pump is not the same as "people buying". Whales can pump or dump into their own walls, and use fake news to drive the speculation in either direction.

Those shitcoins aren't going anywhere but down in the long term.

Bbutt crypto 2.0?
Bbbutt undervalued?
Muhhh great dev. team and good marketing