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

[Ted E. Bare]

Are we rich yet?? FUCK YEAH

[r0ach]

Short covering is over, back to crash mode:

[Torque]

Weak J-hook bounce. Price target to $2230-2240, then start to reverse.

So I guess I'm the contrarian here, 'cause I'm pretty sure it's gonna play out like this. Ya'll must like them bull traps.

We shall see. 

[smith1023]

that 1000 btc buy wall at 2100 <3

[ShroomsKit_Disgrace]

Bosch,Cisco,Microsoft... they go the route of IOTA too
Are they doomed now?

LoL Stop it!

You clearly came here to promote IOTA. And this is not the place to do so.

SatoshiPay is IRRELEVANT for Bitcoin. Period.

[pumpmydump]

Short covering is over, back to crash mode:

What do you think about the two ~2000 btc buy walls around $1980 and $1920 on finex? Fake and they will disappear on the way down? I saw them appear suddenly during the morning

[gembitz]

285 Buy wall at 2194 on Bitstamp

484 bidwall at $2200

~some monkeys got rekt shorting $2500 closeeee...*

[r0ach]

Ya'll must like them bull traps.

In something like gold and silver you can at least say "ok, the price is only a tiny bit over cost of production so it's not gonna go lower".  In bitcoin, cost of production is recursive based on it's own demand, so there's never any real price floor ever and the thing is always just going to be a pump and dump game to see who can jigger the price up then bail out, or attack the non-existent cost of production floor with shorts to create a new lower synthetic floor to cover as miners are forced to shut down.  

The economics of bitcoin are honestly cringe worthy when you hear people claim this is some type of form of "sound money".  This is like an extended replica of the Jewish Ponzi system that already exists where nobody can figure out what the real value of anything is and everything is entirely based around nothing but manipulation.

[pumpmydump]

15 min chart is starting to look a lot like the ceiling a few days ago before the big drop

[MinermanNC]

Forget selling BTC to low, just be one of these investors  someone lost their azz

http://www.coindesk.com/7-million-ico-hack-results-coindash-refund-offer/

[duke944]

I'm waiting until we are firmly into the current bear market before I even think about buying again. I will quote myself in 6 months.

[BlindMayorBitcorn]

Forget selling BTC to low, just be one of these investors  someone lost their azz

http://www.coindesk.com/7-million-ico-hack-results-coindash-refund-offer/

I have about a fiver left on my Polo account. It's sitting in an order for ETH in the 10 cents range. Because Ethereums.

[xhomerx10]

Weak hands and gamblers shaken out! Lovely.

I have been panic buying all the way down.

I AM A LEGEND

 Good call Ted E!   You are Legend.

[gentlemand]

Is today possibly the single largest dollar gain of all time?

[JimboToronto]

I have been panic buying all the way down.

I've been FOMO buying all the way down. 

[MinermanNC]

Forget selling BTC to low, just be one of these investors  someone lost their azz

http://www.coindesk.com/7-million-ico-hack-results-coindash-refund-offer/

I have about a fiver left on my Polo account. It's sitting in an order for ETH in the 10 cents range. Because Ethereums.

lol, seems anything associated with the name ETH, it gets hacked

[BlindMayorBitcorn]

Maybe. Maybe not.

/speculations

[duke944]

Maybe. Maybe not.

/speculations

Willing to bet?

[MinermanNC]

Fuck you idiots, this shit is going much lower - don't listen to this noise.

Wow your enthusiastic, just not sure about what  

[bones261]

Fuck you idiots, this shit is going much lower - don't listen to this noise.

Wow your enthusiastic, just not sure about what  

Take another hit off the crack pipe, and deal with reality later (I guess)

The reality is that when Monday came around, some of the bulls and "bargain" hunters had their bank wires come through to refuel. I certainly hope that you didn't try to short this on Sunday...