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

[Spaceman_Spiff]

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

If his main focus is on how much profit this is going give, and how others are investing (and perhaps on how much money they have already made) instead of what added value this company is bringing, that would be a red flag for me.

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[JayJuanGee]

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.

NLC?


Your logic defies logic.

[FractalUniverse]

bitcoin is somewhat detached today, alts are mostly not going up and there is something going on with eth/etc now. lets see if it will have some effect on btc

[Dotto]

2499.99 @Bullstamp

[r0ach]

LOL @ you fucking shills trying to link bitcoin to Ethereum.  Ethereum is some garbage premine scamcoin that has no relation to bitcoin whatsoever.  You see page after page of banker shills trying to claim the destiny of all cryptocurrency is somehow linked to that trash coin.  The only reason it ever went up is because R3 banking scum sent the illiquid asset premine to Poloniex and leveraged it to try and short squeeze people.

I personally think all cryptocurrency will eventually die since none of them are actually decentralized and that's what their value is supposed to be based on, but whether the ship sinks or floats will not be determined by some Ukranian IPO scammer named Vitalik.

[bitserve]

153BTC wall on Bitstamp @2513

[HI-TEC99]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

[bitserve]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

Yep, and also alts are showing signs of exhausting (about time!) and as I have been saying from some time now, when those fools see that they are losing those crazy returns they will come back to Bitcoin for the HUGE rise. Also Kraken is very bullish and the chinesse are still ahead of all the rest (again).

Of course, noone knows... but it is looking good to me!

[Okurkabinladin]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?

Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?

[K~Ehleyr]

I'd be more inclined to take it as a bullish sign that people seem to be stocking up their exchange accounts with fiat in anticipation of the weekend. It might not say anything about Monday.

[Slark]

If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?

Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?

Don't to keep the focus on Chinese exchanges, they are not the best source to draw conclusion about bitcoin state in Asia.
We can see that Asian demand for bitcoin remains high, pushing prices higher.

There won't be consolidation in the summer - instead expect the opposite - a deep retrace, price might reach even sub $1500 level.
All because to FUD caused by USAF in August.

[Denker]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

I believe we could see some profit taking again. Just have a look at the weekly candle.
It's huge and almost a full body. Not sure if this will last. But wouldn't be disappointed to get proven worng.

[Kanapka]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?

Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?

China is not was it used to be in the past, at least until the rules for exchanges are completely defined. Japan has a higher volume. Bitstamp should include an exchange from Japan in their first page

[White sugar]

153BTC wall on Bitstamp @2513

The sell wall's moved up to $2530. This could be the start of a good weekend bullstamp pump. Everything's flipped. Bearstamp's become bullstamp, and instead of weekend dips we are getting weekend pumps.

If everything is indeed flipped and we are getting weekend pumps, then it begs a question what will happen on mondays, which used to be bullish until now. Dont you agree?

Recovery takes forever and OKcoin lost 10% of its value this morning, I am not so sure, that we will see continuation of uptrend just yet. Maybe more consolidation into the summer?

What if this is not a weekend pump, but a week pump warm-up?

The news are favorable for another rise

[becoin]

There won't be consolidation in the summer - instead expect the opposite - a deep retrace, price might reach even sub $1500 level.
All because to FUD caused by USAF in August.

I don't think so. Judging from what happened to ethereum, even at the worst case scenario if you end up with two coins, their combined value will be way higher than before the split. People simply don't care about USAF.

[Meuh6879]

mmmmh, we have a backup rising line, here ...

[yefi]

Yep, and also alts are showing signs of exhausting (about time!) and as I have been saying from some time now, when those fools see that they are losing those crazy returns they will come back to Bitcoin for the HUGE rise. Also Kraken is very bullish and the chinesse are still ahead of all the rest (again).

Of course, noone knows... but it is looking good to me!

Looking good to me too. Money seems to have shifted from the major alts to the lesser ones. This usually presages a rise in Bitcoin.

A chain split would be a disaster. Forkers will ruin us.

I'll be sure to GTFO before UASF happens. Maybe some want to ride that rollercoaster, I for one don't.

[Meuh6879]

Yep ... sames lines.

[Torque]

Peter Schiff is the only finance guy that I know that can be so right about the U.S. economy and world markets, and so wrong about what Bitcoin actually is.

Most of the audio is really good and worth a listen:
https://www.youtube.com/watch?v=AF2DDrEaSOg (starts talking about crypto @ 24:18)

It still mystifies him that Bitcoin becomes a new form of digital money and store of value because of people's belief in bitcoin's core attributes as money (i.e., permissionless, deflationary, scarce, utility, divisible, fungible, etc). It never occurs to him, or he's not willing to admit, that PMs got their value from the same power of belief over time.

Sure Bitcoins are not backed by anything. But PMs are not "backed by anything" other than thousands of years of belief that has accrued over time. In time it becomes a self-fulfilling feedback loop.

Sure you can duplicate a crypto, but you can't overnight duplicate the "belief".

[Meuh6879]

And we have a new premium runner ... Canada.