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

[ragnar0k]

The FUD is strong these days, almost reminds me when BCH was a thing XD

Some people might FUD because theres no clear explanation of how futures work, and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not. So some people are shorting, based in this fear, I think. If you are going to short, just short some small bit, hold the rest, because fiat is not worthy it, unless you really want it to pay bills.

Well, the few I regard in this space all suggested not to short...
Also, although it seems a crap lots of money I see nothing different from the small dips we had in the past in terms of percentage! I think up to 10k we got without the help of derivatives, so that is our base... I can live with that

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[infofront]

Threatening a bit of down again, what would be the correction that would make everyone happy?

Its not far off for me already. at somewhere between about 11-9

It dipped to 12.7 its trying.

I think 10K is bedrock now. A bounce or two off 10K would be nice.

[AlexGR]

and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not.

I think this was more or less settled (Koreans) ? Unless bankers and CME shorters would use the KRW markets with 2-4k premiums...

[HairyMaclairy]

It’s looking rather red in Alt land.  Tether $1.03 lol

[Ivor Biggun]

and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not.

I think this was more or less settled (Koreans) ? Unless bankers and CME shorters would use the KRW markets with 2-4k premiums...

The Koreans undoubtedly have a massive impact.

However, most big bitcoin exchanges are struggling to cope with the sheer numbers of newbies registering with them to buy bitcoins. Every time I look at the news there's another bitcoin story. The sheer volume of publicity is bringing more and more people into bitcoin, and they aren't all Korean.

[RayX12]

and we dont know who have been pumping bitcoin recently. It could be hedge funds who are going to sell contracts in CME, and we dont know if the banksters who are against bitcoin will be their clients or not.

I think this was more or less settled (Koreans) ? Unless bankers and CME shorters would use the KRW markets with 2-4k premiums...

Nobody going to sell futures with 44% margin.. for all practical purposes leverage is non existent.  Market cannot be moved with any advantage with futures.

[Rosewater Foundation]

Is it time to panic tho?

[TERA2]

[Rosewater Foundation]

[jojo69]

Is it time to panic tho?

somebody shop the NASA logo on that bag

[Rosewater Foundation]

This will make for some sensational headlines. TMZ gets rekt.

[JayJuanGee]

Was Gemini hacked or is this just scheduled maintenance like their status page claims?

https://status.gemini.com/incidents/k4qvyflfmm24

Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE

It appears that those "non traditional financial fucks" aka Gemini, did not participate in our "crash" from a few hours ago.

I was just able to log in and none of my buy orders below $15k executed, and the Gemini price is currently bouncing in the $15k territory.

Perhaps they will dip a little bit to get more in line with the other exchanges, but I am having my doubts, since in recent days they have been lining up a lot more closely with GDAX, which seems to be their current bouncing around price point.

If institutional money stabilises Gdax and Gemini, then arb will eventually clean up BFx and Bitstamp. I think we all risk being bored silly.

I don't buy it for a minute...


We not be gonna get any stabilization for at least a year (very best case scenario), but most likely we will not get stability for more than 3 years - or perhaps when BTC market cap is well north of a few trillion... .. which seems like we need another 10x from here, before we could minimally be aspiring to such possible hypothesized bordom levels.

[TERA2]

By stability do you mean staying within the same order of magnitude?

[JayJuanGee]

After launch of bitcoin at CBOE futures, I'm predicting many would sell it off and money from bitcoin will flow towards alt-coins. This might have never happened in the past, but I'm sure it'd happen this time, when bitcoin would crash a bit, wealthy and healthy alts like ETH/ETC will steal the spotlight.

Let's wait and watch the graphs though, things are getting very interesting.

nonsense.   

Sounds like you are trying to imply (or perhaps assuming) that ETH/ETC is some kind of meaningful complementary good to BTC, and most like they are NOT.

[yefi]

I think 10K is bedrock now. A bounce or two off 10K would be nice.

Bedrock forms over millions of years. Is 12 days really long enough to form such a structure?

[RejectedBanana]

I think 10K is bedrock now. A bounce or two off 10K would be nice.

Bedrock forms over millions of years. Is 12 days really long enough to form such a structure?

As long as it's not eroded, yep.

[pfrtlpfmpf]

 I loled so hard (how can you lol hard ? )
 It´s easily the best Meme, i have ever seen.

[JayJuanGee]

By stability do you mean staying within the same order of magnitude?

By stability:  I was personally referring to HarryMac's description of what he was proposing to be a possible effects of institutional money coming in.



Quoted for reference:

Was Gemini hacked or is this just scheduled maintenance like their status page claims?

https://status.gemini.com/incidents/k4qvyflfmm24

Yep.. it is surely taking them a long time to get back online, and they have been having quite a few of these issues in recent weeks, which does not bode well for them in terms of attracting institutional investors and even partnering with CBOE

It appears that those "non traditional financial fucks" aka Gemini, did not participate in our "crash" from a few hours ago.

I was just able to log in and none of my buy orders below $15k executed, and the Gemini price is currently bouncing in the $15k territory.

Perhaps they will dip a little bit to get more in line with the other exchanges, but I am having my doubts, since in recent days they have been lining up a lot more closely with GDAX, which seems to be their current bouncing around price point.

If institutional money stabilises Gdax and Gemini, then arb will eventually clean up BFx and Bitstamp. I think we all risk being bored silly.

I don't buy it for a minute...

We not be gonna get any stabilization for at least a year (very best case scenario), but most likely we will not get stability for more than 3 years - or perhaps when BTC market cap is well north of a few trillion... .. which seems like we need another 10x from here, before we could minimally be aspiring to such possible hypothesized bordom levels.

[HairyMaclairy]

I do love a good Saturday night dump.

[bitserve]

This tweet illustrates perfectly what is happening with kraken for the past few days:

https://twitter.com/_skyl/status/939686600455340032

It was always a toaster, but now it has gone beyond ridiculous. Let's see how many more days do I need to finish getting outta there.