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

[Zegra]

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

[r0ach]

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

Have no fear, the wedge on real money (silver) is about to break upwards.  The banks naked short metals down to barely above cost of production, but it's already so close to cost of production it doesn't really have anywhere to go but up:



Of course, anything is possible and they could naked short it some more just for the hell of it, but it would create scarcity from going below cost of production and fuel an even larger rise.  So it's a good medium/long term hold no matter what they do.

[European Central Bank]

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

monero's 24hr volume is $9.5 million. bitcoin $1.3 billion.

so that's a no from me at least.

[yefi]

The main monero developer did a troll announcement which caused the price to dip 25% in a mater of minutes, and kept sinking for a few days. After that 25% dip though, one after the other altcoin started going in red, it was like a chain reaction. And then half an hour later Bitcoin started dumping.

DGB, BCN, DOGE crashed on the 22nd, yet you're saying some pump that ended on the 24th started everything off?

And none of these coins really caused anything by themselves. They're all little boats bobbing about in the sea.

[r0ach]

Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it.  Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:

[Zegra]

This one was a bit different as it induced a very negative emotion on many people. Of course it could be a coincidence, but people seeing others selloff can trigger their own selloff even if they have nothing to do with XMR. XMR was one of the highest volume coins the day of the 'crash'.

Anyway, ETH is a lot bigger, and a capitulation in that one could drag BTC down with it. Everything is connected in crypto, you just have to put yourself in the shoes of someone new to crypto. They have never seen a bear market, only crazy rises. They are all big in ETH because ETH has been on the fast rise. Then they see that one dumping. They are going to panic sell, and I assume sell their BTC too just to be safe.


Just my thoughts and of course that's only if ETH is panic sold. If the decline is as slow as it is now probably nothing will happen to BTC.

[deepcolderwallet]

$2500 coming in a few minutes @ Bullstamp!

[Heater]

$2500 coming in a few minutes @ Bullstamp!

This rebound has totally taken me by surprise. I was expecting a repeat of Nov-2013, but now it looks like this time is indeed different.

• Full page BTC story in the investment section of the paper today.
• Getting text messages about the price from randoms.

There could be a mega pump incoming.
Next 24 hours is critical.

[Dabs]

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.

Oh no, I believe in BTC, I just didn't have the money (fiat). I spent some of my BTC to buy stuff and pay expenses. I'm still doing it, but my intake of BTC is much higher than my spending now. In 2016 (last year) I had about 12. A few of it from buying, the rest from assorted trades and contracts.

I'm going to hodl as much as I can now, but I'm also investing in some ICOs every month, at least multiply my BTC a little bit.

[deepcolderwallet]

Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it.  Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:

If an exchange started asking me those police-interrogatory-kind questions, I'd send'em a picture of my middle finger raised and never send any more to them. Localbitcoins does the trick.

[European Central Bank]

If an exchange started asking me those police-interrogatory-kind questions, I'd send'em a picture of my middle finger raised and never send any more to them. Localbitcoins does the trick.

if ever do have to cash out a significant amount the last place i plan to do it is an exchange. i'm not interested in covering their ass with my personal information.

[deepcolderwallet]

If an exchange started asking me those police-interrogatory-kind questions, I'd send'em a picture of my middle finger raised and never send any more to them. Localbitcoins does the trick.

if ever do have to cash out a significant amount the last place i plan to do it is an exchange. i'm not interested in covering their ass with my personal information.

Agreed.

[yefi]

if ever do have to cash out a significant amount the last place i plan to do it is an exchange. i'm not interested in covering their ass with my personal information.

If you do cash out a significant amount, the problem I see is buying property. AML laws mean solicitors in most Western countries will want to see evidence of source of funds. It is also likely to trigger suspicion, which, at least in the UK, means a SAR (Suspicious Activity Report) being filed with the NCA (National Crime Agency).

[MNDan]

I'm putting 20% of my BTC stash into Waves - only because they blew up my Facebook feed. Dumb?

[step_mike]

Soon we will reach again 2700 and fly away as fast as 3000+ 

[HI-TEC99]

Soon we will reach again 2700 and fly away as fast as 3000+ 

I was half expecting a weekend dip and it hasn't happened yet. Maybe people with fiat on exchanges were also waiting for a dip to buy. If there's no dip the FOMO could kick in and they could start pumping the price soon.

[mike4001]

I am really thinking about selling some BTC (what I have never done before) when we start pumping again.

Only to buy again after the price correction / small crash afterwards.

If I only knew there the top was ... :-/

[fluidjax]

I am really thinking about selling some BTC (what I have never done before) when we start pumping again.

Only to buy again after the price correction / small crash afterwards.

If I only knew there the top was ... :-/

The tops are easy to spot, just look back a few weeks and see where it was at it's highest  

[mOgliE]

Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it.  Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:

Lol wtf?

That's crypto world wtf are they asking about?
Damn I'm happy I'm not using this shit! I hope the other exchanges won't act this way, you got the right to do whatever you want with your money!
That's one of the main reasons so much of use went into cryptos 

[fluidjax]

Cryptocurrency is a giant rat trap designed to ensnare your money and prevent you from being able to access it.  Every single one of these exchanges is like this now, and since Bitcoin is not the unit of account of anything, it's value is entirely derived from it's ability to convert to fiat:

You get the same bullshit KYC/AML from bullion dealers, banks, in fact anywhere a transaction or sequence of transactions into fiat is above certain trigger thresholds (~$10k).
At least with Bitcoin you can transact without entering fiat, something you will struggle to do in anything else.