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

[afbitcoins]

An Eth shill came up with the best description of the Bitfinex situation:

I won't be surprised if it turns out that the fiat withdrawal problems at BFX were deliberate, so could unload their own bags at a premium price on their own exchange. It wouldn't be surprising if they go full gox with money going missing either. Anyway people who deal with them will probably loose one way or another.

The second those charts turned bad for bitcoin and the market began to roll over, Bitfinex immediately pulled the plug on withdrawals right at the top of the cliff.  Then, instead of going down, they forced a short squeeze of basically every single customer on their entire exchange, plus forcing all cash holders to dump fiat and buy bitcoin to be able to remove anything from the exchange at all, and here we are now in some absurd bubble with $100 spreads or more between all exchanges.

This would be the nightmare scenario. And the timing fits. But what evidence do we have that BFX initiated the fiat problems? I though it was Wells Fargo (remember the so-called lawsuit against Wells Fargo they pulled).

Small problem with that theory. There are shit tons of other payment processors operating through Taiwan with the exact same problem. Is bitfinex paying them to pretend?

Really? So this is not just Bitcoin or crypto related? Or do you mean that other crypto exchanges and payment processors in Taiwan have to deal with it as well?
Any links where someone could get some infos about that.
Would appreciate that.

OK coin. Com has the same problem as does btce 's payment processor and they're not crypto specific and btce has other options. Do some googling.  There are plenty of articles about international Taiwan banking problems in non bit coin publications.

This isn't much to do with crypto and much more to do with Taiwan not keeping in line with banking regulations that the rest of world adheres to.

Any indications when the problems will be resolved?

[Ibian]

I get ABSURD demand for business when the price goes up like this. Both they and I would have earned more if they bought lower down. Then they could sell now and we would both profit even more! But no, has to wait for the ATH to buy. Oh well, easy money.

[bitserve]

Can you guys please stop pumping as if these were the last bitcoins and buy on the the dips? I don't want to see a violent correction that ruins my day. Thanks.

[Lauda]

Here is some data:

<gribble> Bitstamp | There are currently 2016.89 bitcoins offered at or under 2000.0 USD, worth 3446929.03909 USD in total. | Data vintage: 0.0154 seconds
<gribble> Bitfinex | There are currently 3957.3992 bitcoins offered at or under 2000.0 USD, worth 7180102.62289 USD in total. | Data vintage: 0.0043 seconds

I was away for a few hours. I can't believe how close we are to $1600 on Bitstamp.

I don't want to see a violent correction that ruins my day. Thanks.

If Bitcoin were to violently correct after a double digit rise in 2 months, what should happen to the alts which generally had a  >500% raise (total market cap) in the same time period?

[york780]

All this bubble talk because we just had a small rally of the last 3 days? I want to hear you guys when we are at 2500 usd at the end of the year.

[mike4001]

Bitstamp at $ 1590 ...

EDIT: and $ 1594

[Ibian]

Can you guys please stop pumping as if these were the last bitcoins and buy on the the dips? I don't want to see a violent correction that ruins my day. Thanks.

But these ARE the lastest bitcoins on the entire planet! Before we know it we will be at that crucial point: Where more people want to own a whole bitcoin than there are bitcoins. It will be... FUN!

[cmacwiz]

Wowza, cannot understand so I am glad to hodl through this one boys and girls

[Syke]

All this bubble talk because we just had a small rally of the last 3 days?

I love your perspective. +20% in 3 days is "small".

[Lauda]

All this bubble talk because we just had a small rally of the last 3 days?

I love your perspective. +20% in 3 days is "small".

I love your perspective of bubbles. Altcoins:


500% in 60 days seems rather small in comparison to <50% in 60 days for Bitcoin, does it not?

[pukis]

Japanese buying like crazy JPY buying volume 50%+

[Elwar]

Well. I have reached my number. I retire in one year if the price holds above this level.

By retire I mean leave my shitty job and pursue my dream of seasteading.

And no. It does not mean I have reached my selling point. Bitcoin is my currency.

[Ibian]

All this bubble talk because we just had a small rally of the last 3 days?

I love your perspective. +20% in 3 days is "small".

We are used to daily fluctuations larger than that. Recent times have been incredibly boring.

[Ibian]

Well. I have reached my number. I retire in one year if the price holds above this level.

By retire I mean leave my shitty job and pursue my dream of seasteading.

And no. It does not mean I have reached my selling point. Bitcoin is my currency.

It is the currency... of the future! Welcome to the world of tomorrow~

[Paashaas]

Japanese buying like crazy JPY buying volume 50%+

New exchanges will open up in the foreseeable future, they are loading up before those 200.000+ merchants starting to use there service before summer.

Well. I have reached my number. I retire in one year if the price holds above this level.

By retire I mean leave my shitty job and pursue my dream of seasteading.

And no. It does not mean I have reached my selling point. Bitcoin is my currency.

Well done Elwar, reaching youre goal. Congratulations while i shake youre hands

[jbreher]

Well. I have reached my number. I retire in one year if the price holds above this level.

By retire I mean leave my shitty job and pursue my dream of seasteading.

And no. It does not mean I have reached my selling point. Bitcoin is my currency.

A Toast!

[Ibian]

I'm also on the verge of financial independence. Not even a whole year, unless something goes badly wrong. It's pretty amazing.

[york780]

All this bubble talk because we just had a small rally of the last 3 days?

I love your perspective. +20% in 3 days is "small".

Naah naah naah caaaant hear youuuu 

[Torque]

The funny thing is, most long time bitcoiners know that this is no bubble. Even if the price walked back down 20-25% from here, we'd still be in the midst of a rally, or at least in of some kind of growth pattern.

It's only a bubble if it takes off and triples or does a 5-10X in the span a month.  Now THAT is a bubble. (*cough* Altlandia *cough*)

Thank the gods that China was pressured to get rid of the shitting trading practices that have plagued the Bitcoin market for so long...

[JimboToronto]

$1600USD at Stamp. $2244CAD according to Google.