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

[flynn]

A splendid good morning ladies and genitalmen of Bitcoinland.

Genitalmen?

https://www.youtube.com/watch?v=2DB2alPmdaw

Perhaps continuing the theme in some manner:



Who knew?

I think bear arguments are getting weaker and weirder

[gembitz]

max keiser calling $1OOO btc :-D weeee

[milkshock100]

down to 10.5k is my guess

[HairyMaclairy]

Ooo I see red.

[gembitz]

down to 10.5k is my guess

9500 now :-D sweet!

[TERA2]

Holy crap woke up and my stop was hit at 11400

[BitcoinBunny]

[Kuriso]

any reason for the $1000 bitcoin drop or just bitcoin being bitcoin?


Bitcoin traders: "why sell bitcoin at 11800 when you can sell it under 10800.  I hate making an extra $1000"

[Globb0]

So has anyone here actually treated themselves to anything after passing an arbitrary milestone?

http://50years-u87.neumann.com/ - Fucking Rhodium Plated !!!
https://www.sweetwater.com/store/detail/VT737SP

Just had a nice bottle of Borolo and am about to cork another beautiful little bottle I was given by someone incredibly generously last week.


I could get used to this.    

[gembitz]

any reason for the $1000 bitcoin drop or just bitcoin being bitcoin?


Bitcoin traders: "why sell bitcoin at 11800 when you can sell it under 10800.  I hate making an extra $1000"

we found satoshi :-D lol

[kurious]

Time to BTFD...

[sirazimuth]

any reason for the $1000 bitcoin drop or just bitcoin being bitcoin?

just bitcoin being bitcoin..... <big yawn>

[TERA2]

Holy crap woke up and my stop was hit at 11400

Hey Tera out of curiousity did you get out at 11400 or have slippage?

It executed at 11384.25

[HairyMaclairy]

Holy crap woke up and my stop was hit at 11400

Hey Tera out of curiousity did you get out at 11400 or have slippage?

It executed at 11384.25

Thanks - deleted my prior post because I screwed up the formatting.  Did you pick 11,400 as resistance point for the stop?

[DaRude]

Looks like a the Mr Wall at $12000 sodled some and more evenly redistributed his asks. Bcash costs around $2.8MM in real electricity costs to run daily   wanna see them pump it again trying to keep up to BTC so their daily costs top $5MM  

[TERA2]

Holy crap woke up and my stop was hit at 11400

Hey Tera out of curiousity did you get out at 11400 or have slippage?

It executed at 11384.25

Thanks - deleted my prior post because I screwed up the formatting.  Did you pick 11,400 as resistance point for the stop?

No sorry I picked 11394. So that was a pretty impressive execution for Bitstamp.

[lightfoot]

Aaaand bounce.

[jbreher]

http://www.zerohedge.com/news/2017-12-02/jpmorgan-has-some-bad-news-bitcoin-bears

Most provocative statement therein:

As JPM explains, "high trading volumes or market cap does not mean that the net flow directed into cryptocurrencies has been equally big."

Here is the bank's punchline: "The net flow into cryptocurrencies is very much a function of coin creation which is controlled by computer algorithms and in the case of bitcoin is diminishing over time. Figure 6 shows the net amount of money invested every year since 2009. The cumulative amount has totaled around $6bn since 2009, well below the current market cap of $300bn."

I get that the market cap is not a measure of the sum total of fiat spent to purchase Bitcoin. But $6B? That low? Seems off by an order of magnitude to me, but I'm just pulling a feeling outta my ass. I also get that this figure is courtesy of JPM themselves. Anyone know of an independent source for this statistic?

[milkshock100]

unimpressive

[EtihadBitcoin]

It is weird to see it at $11700 this morning and now slide of $1000 for no reason and it is a weekend where nobody works.
But bitcoin does not sleep so it will move on a whim at anytime of the day and no matter what day of the week it seems.
No news is good news but still.
Why back down at $10700 again?

Does not make much sense.