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

[Baofeng]

i don't get why people are emotionally attached to bitcoin only. it ain't emotionally attached to you.

it's maybe a terrible time to do some alt betting but there's nothing wrong with shameless profiteering when the opportunity was there. of course almost all of them are worthless. others may not know that so there's money to be made.

The opportunity is still there. Most users ever on Polo... play the pumps, dump on the chumps.

Very much still. Its has now become a playground of casual traders as well as big ass whalers. Pump here and there Dumping and walla, cashing it out before somebody noticing what happened. So the the opportunity is very much alive, you just have to know what altcoins to play back and forth to profit huge and then take a vacation to bahamas with your profits.

[HI-TEC99]

Sooooo tempted to short the weekend. But I've been burned too often, trading using leverage. I'll just set a low buy order instead I guess.

CNBC is telling the world we're going to hit $4000. Bloomberg has taken over shilling for us. I wouldn't short now if you paid me.

I thought OKCoin opening withdrawals would start either a pump or a dump, but now I'm not so sure.

If OKCoin's $1m annual withdrawal limit applies to both Bitcoins and fiat it could lock a significant number of Bitcoins on the exchange for years. How many Chinese whales have millions of dollars worth of Bitcoins on that exchange? I bet some of them used to withdraw a million dollars every month to buy another lambo to add to their collection.

I suppose they could still trade them despite the withdrawal limit. Will the withdrawal limit affect the price, or will it have no effect as the whales could still trade?

http://www.coindesk.com/okcoin-huobi-move-end-chinas-bitcoin-withdrawal-freeze/

A representative for has OKCoin confirmed a report today that withdrawals had resumed at the exchange, one of the largest in the world by volume. The spokesperson added, however, that withdrawals would be contingent on passing a verification requirement and prescribing to a $1m annual limit.

[Torque]

Sooooo tempted to short the weekend. But I've been burned too often, trading using leverage. I'll just set a low buy order instead I guess.

CNBC is telling the world we're going to hit $4000. Bloomberg has taken over shilling for us. I wouldn't short now if you paid me.

I thought OKCoin opening withdrawals would start either a pump or a dump, but now I'm not so sure.

If OKCoin's $1m annual withdrawal limit applies to both Bitcoins and fiat it could lock a significant number of Bitcoins on the exchange for years. How many Chinese whales have millions of dollars worth of Bitcoins on that exchange? I bet some of them used to withdraw a million dollars every month to buy another lambo to add to their collection.

I suppose they could still trade them despite the withdrawal limit. Will the withdrawal limit affect the price, or will it have no effect as the whales could still trade?

http://www.coindesk.com/okcoin-huobi-move-end-chinas-bitcoin-withdrawal-freeze/

A representative for has OKCoin confirmed a report today that withdrawals had resumed at the exchange, one of the largest in the world by volume. The spokesperson added, however, that withdrawals would be contingent on passing a verification requirement and prescribing to a $1m annual limit.

If true, that's incredible. Correct me if I am wrong, but I believe the Yuan fiat limit that can cross borders is a mere $50K/year.  This would be a HUGE change to capital controls.

[Eric Cartman]

Sooooo tempted to short the weekend. But I've been burned too often, trading using leverage. I'll just set a low buy order instead I guess.

CNBC is telling the world we're going to hit $4000. Bloomberg has taken over shilling for us. I wouldn't short now if you paid me.

I thought OKCoin opening withdrawals would start either a pump or a dump, but now I'm not so sure.

If OKCoin's $1m annual withdrawal limit applies to both Bitcoins and fiat it could lock a significant number of Bitcoins on the exchange for years. How many Chinese whales have millions of dollars worth of Bitcoins on that exchange? I bet some of them used to withdraw a million dollars every month to buy another lambo to add to their collection.

I suppose they could still trade them despite the withdrawal limit. Will the withdrawal limit affect the price, or will it have no effect as the whales could still trade?

http://www.coindesk.com/okcoin-huobi-move-end-chinas-bitcoin-withdrawal-freeze/

A representative for has OKCoin confirmed a report today that withdrawals had resumed at the exchange, one of the largest in the world by volume. The spokesperson added, however, that withdrawals would be contingent on passing a verification requirement and prescribing to a $1m annual limit.

How will the limit be calculated in terms of Bitcoins

[HI-TEC99]

Sooooo tempted to short the weekend. But I've been burned too often, trading using leverage. I'll just set a low buy order instead I guess.

CNBC is telling the world we're going to hit $4000. Bloomberg has taken over shilling for us. I wouldn't short now if you paid me.

I thought OKCoin opening withdrawals would start either a pump or a dump, but now I'm not so sure.

If OKCoin's $1m annual withdrawal limit applies to both Bitcoins and fiat it could lock a significant number of Bitcoins on the exchange for years. How many Chinese whales have millions of dollars worth of Bitcoins on that exchange? I bet some of them used to withdraw a million dollars every month to buy another lambo to add to their collection.

I suppose they could still trade them despite the withdrawal limit. Will the withdrawal limit affect the price, or will it have no effect as the whales could still trade?

http://www.coindesk.com/okcoin-huobi-move-end-chinas-bitcoin-withdrawal-freeze/

A representative for has OKCoin confirmed a report today that withdrawals had resumed at the exchange, one of the largest in the world by volume. The spokesperson added, however, that withdrawals would be contingent on passing a verification requirement and prescribing to a $1m annual limit.

If true, that's incredible. Correct me if I am wrong, but I believe the Yuan fiat limit that can cross borders is a mere $50K/year.  This would be a HUGE change to capital controls.

After checking the OKCoin website using google translate I'm not sure what fiat withdrawals are allowed yet, or what will be. It gives a link to a yuan recharge tutorial page, but it didn't lead me to a tutorial. Maybe if I was registered there it would.

It's not clear yet WTF will be allowed and what won't. I still haven't found any clear answers from any reliable sources.



Reuters says customers are allowed to withdraw a maximum of 10 bitcoins a day.

http://www.reuters.com/article/us-china-bitcoin-idUSKBN18S42X

BTCChina and OkCoin were allowing customers to withdraw a maximum of 10 bitcoins a day, the source said.

[Eric Cartman]

In the meantime, OKCoin assumes the lead on the price, $100+ above bullstamp and almost $200 above the average.

[leowonderful]

In the meantime, OKCoin assumes the lead on the price, $100+ above bullstamp and almost $200 above the average.

Yep, Chinese bringing with them bullish movements. Good for us, we've been waiting for this for a while. The fact that OKCoin is allowing withdrawals at all is good news, better than none at all. Once they open the floodgates I expect more people buying and another price rise. Interesting times ahead.

[Zegra]

Why do you think we're rising? Because we seem to have a lot of trouble going up. It's rising a tiny bit by bit but always on lower volume.

[Syke]

Why do you think we're rising?

[White sugar]

Why do you think we're rising? Because we seem to have a lot of trouble going up. It's rising a tiny bit by bit but always on lower volume.

I don't see lower volumes in the daily and weekly charts

[becoin]

Why do you think we're rising?

Because everyone is waiting for the weekend drop to buy cheap coins.

[rjclarke2000]

My best buddy has been talking to me about investing £5k into some company and expects a return of £45k in 5 years. He's telling me his friend has invested £10k and another a further £5k.

I was talking to him in mid 2013 about bitcoin and he didn't give a shit!! He's now telling me about these massive gains etc from this company and it's forecast to do this and that blah blah.

Now I like to diversify but these gains in % sound great but it's nothing compared to what we have gained in bitcoin. I am also worried he hasn't researched enough in to this company (what ever it may be).

He's so excited but I was trying to get him excited about bitcoin 4 years ago and he didn't care.

He's now preaching about these POTENTIAL future gains his other buddy has been telling him about and he's going to get.

I found it very hard to listen to him.

I wish him luck and I am sure he will profit but why he's so keen on this and shot me down in flames years ago is beyond me.

Maybe I am no salesman

[JayJuanGee]

Why do you think we're rising? Because we seem to have a lot of trouble going up. It's rising a tiny bit by bit but always on lower volume.

I don't see lower volumes in the daily and weekly charts

The trade volume really began to pick up in the beginning of this year; however, it took several weeks before we could really come to the conclusion that trade volume is really picking up and staying up - and the fact of the matter is that the past 5 weeks have involved a significantly high level of trade volume to cause reasonable inferences that trade volume is relative high and above average.. and that there is a considerable price battle going on, under our eyes and we are in the middle of such price battle - that includes relatively high volume and overall and for the time being, the bulls seem to be winning such price battle.. which is continuing to cause up and up and more up. .and likely to result in more up, even if they allow another correction along the way, it seems that we are continuing up.. into approximately the $4k to $6k territory.. When exactly?  I am not sure, but at the moment, the $4k to $6k territory seems to be where we are heading and the extent to which there seems to be likely ongoing buying support (unless the dynamics change)..

[JayJuanGee]

My best buddy has been talking to me about investing £5k into some company and expects a return of £45k in 5 years. He's telling me his friend has invested £10k and another a further £5k.

I was talking to him in mid 2013 about bitcoin and he didn't give a shit!! He's now telling me about these massive gains etc from this company and it's forecast to do this and that blah blah.

Now I like to diversify but these gains in % sound great but it's nothing compared to what we have gained in bitcoin. I am also worried he hasn't researched enough in to this company (what ever it may be).

He's so excited but I was trying to get him excited about bitcoin 4 years ago and he didn't care.

He's now preaching about these POTENTIAL future gains his other buddy has been telling him about and he's going to get.

I found it very hard to listen to him.

I wish him luck and I am sure he will profit but why he's so keen on this and shot me down in flames years ago is beyond me.

Maybe I am no salesman

Does he remember shooting you down?


People invest in what they understand, and you gotta admit that aspects of bitcoin can be quite difficult to grasp, and really to become a bitcoin believer, you have to recognize aspects of its innovation - and maybe get past some of the misleading information that might clog the thinking of many smart people, including the fact that folks have a difficult time really understanding decentralization and proof of work - and you can preach decentrailization to them and proof of work to them all that you wish, but they frequently don't really seem to get it - and that is why a large number of folks make false equivalencies with quasi-decentralized alt coins that are smoke and mirror imitations.. that may make a lot of money for folks for months and years to come.

[bitserve]

My best buddy has been talking to me about investing £5k into some company and expects a return of £45k in 5 years. He's telling me his friend has invested £10k and another a further £5k.

I was talking to him in mid 2013 about bitcoin and he didn't give a shit!! He's now telling me about these massive gains etc from this company and it's forecast to do this and that blah blah.

Now I like to diversify but these gains in % sound great but it's nothing compared to what we have gained in bitcoin. I am also worried he hasn't researched enough in to this company (what ever it may be).

He's so excited but I was trying to get him excited about bitcoin 4 years ago and he didn't care.

He's now preaching about these POTENTIAL future gains his other buddy has been telling him about and he's going to get.

I found it very hard to listen to him.

I wish him luck and I am sure he will profit but why he's so keen on this and shot me down in flames years ago is beyond me.

Maybe I am no salesman

4 years ago you say? 2013? Well, in that case it is probably better he didn't do it or he would be now blaming you whatever next drop that hapenned after selling his BTC for less than he did buy it. Or for losing them on MtGOX, or for.... Whatever hapenned I doubt he would be still a happy hodler.

BTC is not for everyone, at least not yet.

In fact there are many things that are not for everyone. Even simple investment isnt.

[yefi]

I started this year with 1 or 2 BTC. I'm now at about 5 BTC, and another 10 BTC equivalent of assorted altcoins, some of which I will trade soon, others I will wait a little bit more, and one or two I will wait until the end of year.

Jesus, you must not have been very confident in BTC if you were only holding one or two? Hope you made bank in previous years.

[TeeBone]

ETH collapse is gonna be epic - my goodness, how many lottery fools are piling in. Get rich, buy ETH is all you hear - even the goldbugs are shilling it LOL

[podyx]

Wait till the money from ETH start siphoning into bitcoin and we get news time and this shit gets out of hand real fucking quick

[Zegra]

If an ETH crash were to happen now, won't it drag BTC down with it? All the new people will be panic selling everything they have, just like a few weeks ago when the monero crash caused everything to crash including bitcoin. And monero is much smaller than ETH.

[European Central Bank]

If an ETH crash were to happen now, won't it drag BTC down with it? All the new people will be panic selling everything they have, just like a few weeks ago when the monero crash caused everything to crash including bitcoin. And monero is much smaller than ETH.

what monero crash and what effect? i can't say i was being kept awake at night because of it.

eth crashing having an effect on bitcoin all depends on whether they run to dollars, and there are now no shortage of direct dollar options for eth.