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

[EatonABooger]

Pump is far too feverish and managed looking. Only pumpers benefit from a pump like this. Somebody is pursuing an agenda.

I'm increasingly convinced that this is what's going on:

[ ]

I don't care how "experienced" the day traders are and how comfortable they play in the futures world...  When they go walking up to the honey badger and stick their hands out to play - it's going to be ugly for the traders.

Honey badgers will snap your fingers off without a warning.   Honey badger does not care.


The futures traders will go down hard if they bet against Bitcoin

[ssmc2]

Is this the start of the super-exponential phase?

[strawbs]

I'm guessing a few folk here use GDAX - I haven't used it before but thinking about it.  Are there any issues I should know about? Specifically, I'm wondering about any issues withdrawing BTC, withdrawing $USD, and whether they do SEPA transfers?  I haven't used an exchange based in USA before (I'm in UK) and would prefer the opinions of this community before going ahead. Thanks y'all.

[CristiTCM]

Is this the start of the super-exponential phase?

no. i think is just a normal FOMO pump

[mymenace]

What a bunch of clowns

JPMorgan Switches Tact, Backs Bitcoin as New Gold
After Jamie Dimon drew a line in the sand for JPMorgan, calling it a ‘fraud,’ the company has once again stepped over that line, praising the digital coin as a ‘new gold.’ Analysts at JPMorgan believe that Bitcoin has changed its shape and that it could soon be joining gold as a reliable, long-term way to store wealth. Recent growth and recent changes have seen Bitcoin lean more towards being digital gold, and this is where JPMorgan see its value.

expecting a doubling action after the 11th

could well see 30000 with another double after that to about 70000

then KABOOM!!!

[HairyMaclairy]

Is this the start of the super-exponential phase?

no. i think is just a normal FOMO pump

Going to be very interesting to watch the futures price setting on Monday.  Talk about a stab in the dark.

[EatonABooger]

How long have you been waiting? Are your coins onsite or will they accept offsite wallet proof?

Waiting over a week now. I wouldn't dare move that volume of coin onto an exchange, in one go. Oh well.

Thought about sending them an email to the effect of "Dudes. You are seriously harshing my retirement plans. What more can I do, in addition to the colonoscopies you have performed on me already, to get verified for that level. If $6M is too much, can I do $3M if it's easier ? Please. Take my money."

EDIT: I think I'll just sign up for Genesis. They look to be the more professional, "big league" site. $25k minimum to play ? No fucking problem.

Not to pop your bubble, but my modest $100,000 increase took three months. After several customer service requests.  

Anyone know offhand how Genesis Gemini withdrawal limitations compare?

If you are asking about Gemini, they have unlimited withdrawal via bank wire to your approved bank account.  You must complete the KYC requirements and such.  ACH deposits and withdrawls are also available but limited.

[bitserve]

How long have you been waiting? Are your coins onsite or will they accept offsite wallet proof?

Waiting over a week now. I wouldn't dare move that volume of coin onto an exchange, in one go. Oh well.

Thought about sending them an email to the effect of "Dudes. You are seriously harshing my retirement plans. What more can I do, in addition to the colonoscopies you have performed on me already, to get verified for that level. If $6M is too much, can I do $3M if it's easier ? Please. Take my money."

EDIT: I think I'll just sign up for Genesis. They look to be the more professional, "big league" site. $25k minimum to play ? No fucking problem.

I suppose you are going to do it in like $1m "packs" a time and wait until you have the money in your bank account before going on or something similar, dont you?

About the "colonoscopies"... what sort of documents do they force you to provide?

Maybe all that knowledge from your experience as a "big league" could be handy for other people in the future if Bitcoin keeps growing at this crazy rate

[NUFCrichard]

I was just checking out the chart for the Dot com bubble.

The market actually only went up from about 800 to 5000 before falling back to just over 1000.
So it made me wonder, has there been a major market that has risen 10x+ over a year or less and has held its gains i.e. not fallen back near to the start price.

Tulips and the Dot com bubbles are well known, but there must be cases of exploding markets that stayed high. I am looking for a good Bitcoin-esque example to reply to the haters (my brain included!)

[BitcoinNewsMagazine]

The next Fibonacci extension is $18282. I talked previously about why this was an important resistance level. After that there is the psychological barrier at $20K then the higher Fib extension at $29490. This is getting into serious bubble territory. When there is a crash it will be something to see.

[AzakeB]

I'm guessing a few folk here use GDAX - I haven't used it before but thinking about it.  Are there any issues I should know about? Specifically, I'm wondering about any issues withdrawing BTC, withdrawing $USD, and whether they do SEPA transfers?  I haven't used an exchange based in USA before (I'm in UK) and would prefer the opinions of this community before going ahead. Thanks y'all.

Nothing anything I am aware of. You should just be 100% sure that you are fully verified. GDAX also tends to freeze an account from time to time if a larger withdrawal happens AND you should know that GDAX is currently handing out information about US citizens (not sure if all nations), which traded more than $10-15k?!
Why not using bitstamp instead ? Some features but based in UK

[ragnar0k]

Gemini wants my bank account login information for validation ?

They asked me passport and utility bill... and one week for verification, then I was in

[Wekkel]

[Globb0]

Normally I'd spend like $25 on them.  Not close close friends, just good work friends.  

What's my play here.

Do it at the office party. Have them download a wallet to their phone. Gift them $25 worth in real time from your phone.

Go big, half a BTC each and back to yours for coke and champagne   

[Lopumbo]

When the FOMO starts GDAX is always heading by a large step, currently:
Kraken: 11300€, GDAX: 11927€ 

[bitcoinPsycho]

uncanny this chart looks identical to my positivity chart

[InvoKing]

$13.099 in bitfinex which is the lowest price in all the exchanges. Wake me up tomorrow at $15k please  

Edit : LoL, nice one AlexGR

[AlexGR]

$13.099 in bitfinex which is the lowest price in all the exchanges. Wake me up tomorrow at $15k please  

Korea knocking the 16k door right now

#   Source   Pair   Volume (24h)   Price   Volume (%)   Updated
1   Bithumb   BTC/KRW   $1,015,460,000   $15,945.10   9.18%   Recently
2   Bitfinex   BTC/USD   $938,115,000   $13,083.00   8.48%   Recently
3   GDAX   BTC/USD   $539,415,000   $13,427.20   4.88%   Recently
4   Binance   IOTA/BTC   $389,423,000   $12,683.40   3.52%   Recently
5   Bitfinex   MIOTA/BTC   $321,600,000   $12,919.80   2.91%   Recently
6   Bittrex   EMC2/BTC   $319,748,000   $12,997.20   2.89%   Recently
7   bitFlyer   BTC/JPY   $302,846,000   $13,327.10   2.74%   Recently
8   Bitstamp   BTC/USD   $233,160,000   $13,175.00   2.11%   Recently
9   HitBTC   BCH/BTC   $217,101,000   $13,151.10   1.96%   Recently
10   Coinone   BTC/KRW   $209,399,000   $15,934.60   1.89%   Recently
11   Gemini   BTC/USD   $178,582,000   $13,150.30   1.62%   Recently
12   Korbit   BTC/KRW   $175,350,000   $15,934.60   1.59%   Recently

[erre]

I was just checking out the chart for the Dot com bubble.

The market actually only went up from about 800 to 5000 before falling back to just over 1000.
So it made me wonder, has there been a major market that has risen 10x+ over a year or less and has held its gains i.e. not fallen back near to the start price.

Tulips and the Dot com bubbles are well known, but there must be cases of exploding markets that stayed high. I am looking for a good Bitcoin-esque example to reply to the haters (my brain included!)

[bitserve]

Gemini wants my bank account login information for validation ?

The fuck kinda lunatic shit is that ? No fucking way am I giving them my banking login credentials.

Either that or wire funds IN to verify an account ?!

About the "colonoscopies"... what sort of documents do they force you to provide?

It got reduced to "hold up this document in one hand, clearly visible, with a piece of paper, with this written text on it in the other hand".

For added shits and giggles, I stuck a boot on the top of my head and had a stern, serious look staring into the lense.

It was the most humiliating photo my partner has ever taken of me.

The bank account credentials request seems too weird indeed.

The wiring funds in is a standard process in banking to vinculate accounts. Just send them $10 or whatever and your done.

I had to do that ridiculous selfie thing on Bitcoinbuilder. I understand it is a good policy for avoiding identity theft, but I also felt awkward... more so considering the small amount I had there.... but hey, it's my money and I wanted it back!

I thought that maybe they requested some proof/certification of how did you obtain the BTC in first instance, and how you paid for it, etc etc.... That would make sense to avoid money laundering... and we all know how hard it would for some to produce that sort of "documents".

I would diversify my withdrawals between as many "legit" exchanges I could.