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

[bitcoinvest]

$3500 would be nice to be able to buy back in  

Possible but I doubt it will drop that low. This ICO clampdown crash panic reminds me of the panic after Silk Road was shut down by the Feds. At the time the forum was full of people proclaiming doom as the "only real market" for Bitcoins was gone.

Check out the price action on October 2 2013 if you want to know how that played out. ICO clampdown is good for BTC and the market will figure that out sooner or later.

+1 on that - i totally agree with you.... i am boring to see paid advertisements for ICO literally everywhere i browse.... Youtube...Google Search...Inside websites adwords etc... of course there is a function to show according to cookies but not in my case... i think their advertisements will end soon...i hope!

[x2666]

There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

[hodl_2015]

Bottom at $3800-$3900.

I think GS is manipulating the market dumping dozens of coins.

Maybe its even orchestrated with the PBOC.

Pfff, this time I had a good plan, tons of fiat ready, now exceeded the bankcontact limit and what I sent to Kraken is not(yet) showing in my balance... .( So I hope BTC will go down a bit(lot) more... .

We just dropped to 31% above last month price. A typical bottom in bitcoin logic.

[JimboToronto]

This ICO clampdown crash panic reminds me of the panic after Silk Road was shut down by the Feds. At the time the forum was full of people proclaiming doom as the "only real market" for Bitcoins was gone.

Check out the price action on October 2 2013 if you want to know how that played out. ICO clampdown is good for BTC and the market will figure that out sooner or later.

Indeed.

Also consider last January's crash caused by the PBoC's investigation of the Chinese Exchanges and the ensuing panic. How did that play out in 2017?

Smart people recognized it as an excellent buying opportunity and profited greatly. Fools panicked and suffered.

Oct 2013 and Jan 2017 were watershed moments. Sept 2017 could be too.

[Last of the V8s]

There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

We regret to inform you that the internet is now full.

Please leave at your earliest convenience.

[Neo_Coin]

Sold them! The tension was too high lol . Maybe i buy again at a cheaper price

Seems, you sold them at the bottom.
Do not trade, you will lose all money. Buy and hold or go away.

I bought them back hehe, didnt lost much...now i can't go to sleep fearing it wil fall again lol

If I have BTC on exchange then I will not sleep.  I can sleep well with BTC in cold wallet. :-)

I can sleep well with $ in 2/3 different exchanges   

[CoinCube]

There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

The problem for the big pocketed folks is that unlike the gold futures market or the stock market you can't naked short BTC. You actually have to have some to sell or borrow.

This makes the market much harder to control hence the weekend/holiday attempts when people can't get fiat onto an exchange.

[x2666]

There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

The problem for the big pocketed folks is that unlike the gold futures market or the stock market you can't naked short BTC. You actually have to have some to sell or borrow.

This makes the market much harder to control hence the weekend attempts when people can't get fiat onto an exchange.

What does the weekend even do to keep people from "getting fiat onto an exchange"? I've never understood this. Any wire will have to be sent days in advance anyway.

I know this may be crazy to conceive but have you possibly thought that there are people who both own a lot of BTC and a lot of fiat? I know, crazy right? Who'd think that the two would be in any way correlated.

[jojo69]

we have broken down through the medium term support line

this could just be the mother of all bear traps...or things could get really ugly

[JimboToronto]

-troll FUD-

The problem for the big pocketed folks is that unlike the gold futures market or the stock market you can't naked short BTC. You actually have to have some to sell or borrow.

This makes the market much harder to control hence the weekend/holiday attempts when people can't get fiat onto an exchange.

Again I agree with you. You'll notice also that these are the times when trolling and FUD reach fever intensity.

Luckily those with experience see right through it. It's the traders and noobs who get sucked in.

[d_eddie]

FUD seems remarkably low key, so far.  I guess there's time yet.

By the way, hasn't Roach got his account back yet?

In times such as this, we could all enjoy some explanation on the power of precious metals - and especially silver. I'm sure the correction we're seeing was orchestrated by the Joos.

 

/s - In case there's anyone with their sarcastometers in need of servicing.

[Neo_Coin]

GDAX leading the charge 

Why GDAX is always 100/200$ higher than other exchangers?  It is not nice to buy   

[CoinCube]

What does the weekend even do to keep people from "getting fiat onto an exchange"? I've never understood this. Any wire will have to be sent days in advance anyway.

I know this may be crazy to conceive but have you possibly thought that there are people who both own a lot of BTC and a lot of fiat? I know, crazy right? Who'd think that the two would be in any way correlated.

Only those lacking in IQ leave a large amount of money on an exchange if they don't plan to actively trade with it. I have both fiat and Bitcoin very little of it is on an exchange.

I could move my BTC onto the exchange right now in response to a market change. For fiat the banks are closed until tomorrow in the USA.

This dynamic makes it easier to push the price down on weekends and holidays. If you want to get a sense of how much of this is going on compare Gemini exchange which requires wired funds with Coinbase app which allows you to buy straight from a checking account and is one of the only weekend/holiday fiat on-ramps.

As of this post
BTC Gemini is $4240
BTC Coinbase app is $4523

Almost a $300 spread. Actual spread is over $300 after Coinbase fees.

[BlindMayorBitcorn]

I hate fucking haircuts

[suzanne5223]

I wonder how many of these chinese officials hold bitcoin and for that matter SEC officials who make a killing shorting every time they decide to "regulate"

Psh, this is typical of the mental illness within the cryptocurrency community. There MUST be conspiracy and evil meddling afoot! There is no way that infinite ICOs which attempt to steal kid's lunch money could POSSIBLY be negative!

You might be right but the Chinese government also have reason behind their action and is not their fault but the fault of the bad eggs which in some ways generate this scenario. I believe every thing be fine though, let's keep fingers cross.

[949miner]

Guys what do you think that is gonna happen in the market tonight?
I really feel that bitcoin will break to $4000 zone, and it will stay there for maybe a few hours or maybe days.
And then go up again, i am sure that this is gonna happen, right now the market is crazy and all altcoins are going down and up in matter of minutes. I have never seen that volume in the altcoin market.
by the way, this is a good zone to buy bitcoin right now

[JayJuanGee]

There's a big, smart short with pockets deeper than a whale puss that's gonna wreck any futile attempts at recovery.

It's just the way it is. Don't shoot the messenger.

You are starting to come off as desperate, banker shill troll.   

[Last of the V8s]

https://twitter.com/DanDarkPill/status/904794226168401920

So I was just reading this Chinese bounty-hunter forum, when I saw this.  I don't understand Chinese, but looks bad.

[JayJuanGee]

This ICO clampdown crash panic reminds me of the panic after Silk Road was shut down by the Feds. At the time the forum was full of people proclaiming doom as the "only real market" for Bitcoins was gone.

Check out the price action on October 2 2013 if you want to know how that played out. ICO clampdown is good for BTC and the market will figure that out sooner or later.

Indeed.

Also consider last January's crash caused by the PBoC's investigation of the Chinese Exchanges and the ensuing panic. How did that play out in 2017?

Smart people recognized it as an excellent buying opportunity and profited greatly. Fools panicked and suffered.

Oct 2013 and Jan 2017 were watershed moments. Sept 2017 could be too.

Looking back, I am thinking that May 2016 was a watershed moment, too... because at that time, when prices broke above $500, it became kind of clear that we were no longer in a bear market... 

[JimboToronto]

-FUD-

You are starting to come off as desperate, banker shill troll.   

Starting?