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

[Ted E. Bare]

Any news or just the traders? I like today's prices.

[Okurkabinladin]

Not just Bitcoin that's falling, most crypto is losing value right now. Interesting since most of the time when a situation like this happens, since it's usually those alts going up. Once we reach the bottom it'd likely be a good time to buy.

Not at all, because we are in bubble just entering parabolic stage. Not "most of the time" situation  

In 2013, alts after massive growth crashed in reaction to bitcoin correction. Then whales poured all their cash to Bitcoin in anticipation of final wave 5. It came and it was glorious.

[YourMother]

Cant't wait for the - 2 pizzas = 2 billion dollars - story in 2020.


This one was as epic

[European Central Bank]

so are we really gonna sell in may and go away? i'd be disappointed if the bitcoin market was that much of a cliche.

[jbreher]

Ok guys, I have finally got my free CLAMS, so it was for real. Got 28 CLAMS for the six addresses I could find that were applicable. That's around 100€... Free money I love it

Btw, I used Just-Dice to do the claim as gentleman posted, after trying several times to sync the clam wallet to no avail.

After getting over the creepy feeling involved in extracting and send the private key, I did this also.
You know you don't need a CLAM wallet (and no need to sync) if you use shapeshift.io? If you leave the clam address empty, say 'withdraw', it makes a clam address for you to enter on the just-dice.com site...

Perhaps this is my tinfoil hat speaking but......aren't you worried about the "paper" trail you are submitting to this exchange of private key for CLAM? Much like when the Coca-Cola created this huge online photo album of people's faces in order to find their "doppelgangers," not for a huge facial recognition system instead.

That's pretty much the main reason I have not yet jumped into any of these offers. Some day, I'll have an hour to think it through.

OTOH, I think there are time limits on some of these blockchain snapshot spinoffs.

[jbreher]

If there was an exchange I trusted, I believe I would slowly start selling a few coins at this point with the intentions of buying them back for less in the future.

Since no such thing exists, I can't do my small part to help flatten the spikes in the exchange rate, which I have been well trained to believe are inevitable at some point.

Oh well... I'll watch the rallies with nervous jubilation and endure the troll infested bear markets with quiet disgust... from over here, in my corner... all cozy in my straitjacket.

I hear ya. I actually took the step to (incrementally) move about 10% of my holdings onto exchange, and have been making bank on the volatility. Of course, I now have a fistfull of stinky fiat, and that much less Bitcoin at this point. But all my sells are still sitting on exchange in the form of offsetting open buy orders at less $ than for which I sold. So when the crash comes, I'll buy all that BTC back at a discounted price.

Of course there is the caveat that the exchange might simply steal my assets and turn tail. Its a calculated risk. Well, a spitballed risk.

FWIW, the rake on the volatility has been more than my (non-negligible first world) salary over the last two months.

[savetherainforest]

so are we really gonna sell in may and go away? i'd be disappointed if the bitcoin market was that much of a cliche.

I feel sometimes like you are talking with an imaginary friend...


Anyway... price did good!!! ... As I predicted!    ... But now... lets see if the bubble wants to start or what is happening! ... Btw... any news from the real world?? Did the North Korea war start yet?? 

[European Central Bank]

I feel sometimes like you are talking with an imaginary friend...

how did you know?

here's an interesting bit of information though i wasn't there to hear it - https://www.reddit.com/r/BitcoinMarkets/comments/6d7bgl/daily_discussion_thursday_may_25_2017/di1i0xd/

bitfinex might have a new route for USD.

[Roccker]

Cant't wait for the - 2 pizzas = 2 billion dollars - story in 2020.


This one was as epic

What is this?

Someone lost 16 million dollars on a bet?

How does this work?

[STT]

Was that a recent loss, because that casino just did very well

I drew in a symmetrical triangle where price seemed to be bouncing off positive and negative points in a decreasing range.   Doesnt have to mean anything but its broken out and is going upwards, the guide I read for such triangles says continuation of the previous trend.  Short term that was down on the previous trend and obviously in medium term we've been going up so yea Im confused on that one   I'll stick with 2470 as a marker to progress, see how well it does battle with this area to judge strength

[blade87]

Was that a recent loss, because that casino just did very well

I drew in a symmetrical triangle where price seemed to be bouncing off positive and negative points in a decreasing range.   Doesnt have to mean anything but its broken out and is going upwards, the guide I read for such triangles says continuation of the previous trend.  Short term that was down on the previous trend and obviously in medium term we've been going up so yea Im confused on that one   I'll stick with 2470 as a marker to progress, see how well it does battle with this area to judge strength

Depends on the direction of the breakout. If it were to break down out the triangle, then there would be another move down. Since it's breaking up and out, this may be it for the dump. Expect it to retest the top of the triangle soon. If it holds, then its bullish. If it falls back into the triangle, then bearish. And if it doesn't retest the triangle, then obviously bullish.

I think we may be in the process of forming a much larger flag around $2500 on the 12h charts. The market needs a consolidation point badly right now. If it does, then bullish.

[Dabs]

What is this?

Someone lost 16 million dollars on a bet?

Was that a recent loss, because that casino just did very well

It happened in 2013. And, if you think about it, he did not lose 7000 BTC, he lost "just" 1700 BTC.

[AirFlame]

BEST SITE EVER

https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com:80/

[STT]

I think we may be in the process of forming a much larger flag around $2500 on the 12h charts. The market needs a consolidation point badly right now. If it does, then bullish.

Not 12h bars but if I go by 30m bars since this sell off then I see an ascending triangle with 2470 as the resistance.  It fitting price action quite well thats no surprise its significant.   However Im less certain of the ascending line I drew with only 3 points, so we'll have to see on that one.   Of course patterns can fail but its allegedly a bullish formation

most telling part of this pattern is the ascending support line

If I use 12h bar I just see the possibility for an intact uptrend and really thats very positive if we can continue from that still.   I drew that ages ago but still seems reasonable not wishful thinking etc, I always imagine China and 'overnight' action must play a big part and could be of a different mind

[jbreher]

Down to USD 2640 on Bitstamp.

Kind of glad ... would be good to hover a few days around that mark so we don't really have an artificial pump on our hands ;-)

really ?? lol

We'd go down faster if the pump just goes up like it did in 2013, and probably not even where we are now. Better to have at least semi-realistic artificial growth than a pump that lasts a few minutes.

what meakes you think that this pump is different than the '13 pump ? on chart it all looks the same bro ))

I anticipate that looking back at this push will look a lot like the 2013 push. With two key differences:
1) this one will happen at a scale of 10x the 2013 one
2) no Willy bot will lead to a proportionally smaller post-overshoot implosion.

Of course, I'm prepared to be surprised. In either direction.

[exponential]

BEST SITE EVER

https://web.archive.org/web/20100703032414/http://freebitcoins.appspot.com:80/

To think, anyone who visited that site and held would have upwards of 12k in Bitcoin right now.

[ARTISTCOLONY]

http://s27.postimg.org/n93a04zwj/rollback_ever.jpg

tl:dr ====> poloniex rolls back prices!!

[r0ach]

Welcome to bitcoin Barry Silbert's personal pump and dump playground

[JayJuanGee]

<snippety do dahhhh, snippety day>

<facepalm>

"rationalising" - nope, not seeking any justification from you or anyone else.
"over investing" - nope, my only investment was in a few graphics cards, my time to set them up and the electricity they consumed while mining coins.
"worry about the market moving against you" - well, yes. Don't we all?
"cashflow issues", "need the money" - nope, I have a day job, BTC is a hobby.

Also, I don't trust exchanges with my money - I've lost coins on MintPal and narrowly avoided losing coins on Gox - so I only buy and sell OTC, I can't set any orders.

Any other wild assumptions you want to make?

Yeah... my other wild assumption is that you like to engage in combat for little to no reason... 

[Elwar]

The price holding here for a while with no big impending crash would be quite lovely.