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

[bitserve]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

I think big mining pools sell OTC. Maybe some even sell on futures contract.

[Kramerc]

I see a lot of people here that sold out their bitcoins and now they panic. This is excellent indicator where we go. Moon!

I'm thinking the same, there seems to be a lot of people desperately trying to convince themselves that there will be a huge dump.

Moon!

Always with the FOMO game. Dump will come. But lets enjoy this high price for a while.

You must have never lived through fomo, if you think this is anything like it.

I don't even raise an eyebrow when looking at the price, and I expect to be mother fucking amazed and in awe before the market turns.

[tk3609]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

I think big mining pools sell OTC. Maybe some even sell on futures contract.

How are they selling on futures contract if they need money for bills?

[Coinnosaurus]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

this is impossible , look at lbc volume in the last 2 months https://coin.dance/volume/localbitcoins/CNY

[InvoKing]

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

[European Central Bank]

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

i'll put good money on the fact that not one single professional miner has sold on an exchange in the last few years. it'll all be otc. the buyers are out there. they got the supply.

[york780]

I see a lot of people here that sold out their bitcoins and now they panic. This is excellent indicator where we go. Moon!

I'm thinking the same, there seems to be a lot of people desperately trying to convince themselves that there will be a huge dump.

Moon!

Always with the FOMO game. Dump will come. But lets enjoy this high price for a while.

You must have never lived through fomo, if you think this is anything like it.

I don't even raise an eyebrow when looking at the price, and I expect to be mother fucking amazed and in awe before the market turns.

I am just holding. I dont need to sell or buy. I want the price to moon, but this is just an fake movement because of Bitfinex. We need healty growth that why I hope on some SegWit and 2 mb blocks soon.

[tk3609]

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

They will either catch up to bitfinex or bitfinex will dump to their levels. Place your bet.

[york780]

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

Scamfinex, thats what going on. GUYS BITFINEX COLD STORAGE DECREASED WITH 50% THIS DAY. They are already stealing the money. Please people wake up.

[bitserve]

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

Bitfinex can't withdraw FIAT whilst Chinesse exchanges can't withdraw BTC... Maybe they should merge before its too late. Love is in the air.

[InvoKing]

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

They will either catch up to bitfinex or bitfinex will dump to their levels. Place your bet.

I bet $1250 for all of them in the next hours  

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

Scamfinex, thats what going on. GUYS BITFINEX COLD STORAGE DECREASED WITH 50% THIS DAY. They are already stealing the money. Please people wake up.

Okay we will see

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

Bitfinex can't withdraw FIAT whilst Chinesse exchanges can't withdraw BTC... Maybe they should merge before its too late. Love is in the air.

LoL

[Coinnosaurus]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

I think big mining pools sell OTC. Maybe some even sell on futures contract.

How are they selling on futures contract if they need money for bills?

what if they are selling but the impact on the market is minor because the mining reward has decreased ..

[bitserve]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

I think big mining pools sell OTC. Maybe some even sell on futures contract.

How are they selling on futures contract if they need money for bills?

It works like this: One OTC buyer gives them some money now for a predeterMINED (lol) ammount of BTC to be given back before a date. It looks like some sort of futures  contract to me.

[gembitz]

$2000 is the new target price now ++ gogog :-D

[Torque]

If anyone tries to short majorly on Bitfinex they will get destroyed.

Mark. Those. Words.

[gembitz]

Wasn't here for a moment and now I find
Bitfinex $1300
The others ~$1230
Chinese exchanges $1060
What is going on?

^china internet slow? :-D lol ===> news bitcoin remains anonymous beyond police state control!

[tk3609]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

I think big mining pools sell OTC. Maybe some even sell on futures contract.

How are they selling on futures contract if they need money for bills?

It works like this: One OTC buyer gives them some money now for a predeterMINED (lol) ammount of BTC to be given back before a date. It looks like some sort of futures  contract to me.

Ah sorry, I thought you ment okcoin/bitmex futures

[bitserve]

It doesnt work that way, friend. Price can dip regardless of whale manipulation especially since keeping it that level consumes huge amounts of USD every day. Miners gonna eat too.

What if the price is rising because miners are not dumping, since they cant withdraw fiat?

I think big mining pools sell OTC. Maybe some even sell on futures contract.

How are they selling on futures contract if they need money for bills?

It works like this: One OTC buyer gives them some money now for a predeterMINED (lol) ammount of BTC to be given back before a date. It looks like some sort of futures  contract to me.

Ah sorry, I thought you ment okcoin/bitmex futures

I don't think they hit the exchanges for their selling unless as some sort of strategy to influence the price. Most probably they don't ever do it.

Of course, they do indirectly influence the price, as those buyers that get the BTC from them would otherwise have to get them on exchanges.... but the effect is somewhat diluted.

[gembitz]

If anyone tries to short majorly on Bitfinex they will get destroyed.

Mark. Those. Words.

#burnshorty   

[Wexlike]

Feels like Willy again..