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

[realr0ach]

In case you guys couldn't figure out bitcoin was in a bubble, I present to you this tertiary effect (look at the insane rapid rise on the Alexa chart):

Also just noticed the global Alexa rating of Steemit.com is.....#2,085...is this rigged?  That's fucking yuge.

http://www.alexa.com/siteinfo/steemit.com

Looks like we underestimated how big Steemit could get while having a dysfunctional economic model.  But how does this factor into the price of native tokens?  I mean, Steemit.com could become the #1 Alexa site on earth but since you're not required to buy coins to read it or post on it, it would have 0 effect on the coin's market cap heh.  They could put up advertising and require advertisers to buy and pay in Steem tokens, but that's obviously not decentralized (not that anyone running Steemit.com cares).

[gentlemand]

I haven't seen any "is bitcoin dead" posts so, we must not be at the bottom yet. 

Cancer for everyone.

[Rosewater Foundation]

Nuts. I let it ride too much

[bitserve]

Now comes that awkward moment when people that didn't consider $16000+ a good price to sell... think this is a much better price and sell now.

[Kuriso]

sell sell sell sell

oh shit!

buy buy buy buy

wait! never mind

sell sell sell sell

[gentlemand]

Looks like the tide of one sentence nobody posters making salient points along the lines of 'the price is lower' is rising once more . Boy, they're quick off the mark.

[TERA2]

The first phase is when the buying stops. The last phase is when there is huge selling.

[Rosewater Foundation]

Looks like the tide of one sentence nobody posters making salient points along the lines of 'the price is lower' is rising once more . Boy, they're quick off the mark.

Looks like we're going down here, boys. Price-wise, I mean.

[realr0ach]

Nuts. I let it ride too much

Another victim to add to the stack of the MatTheCat bitcoin hedge fund:

This market is fucked.

it is futile trying to read these markets

the splashes of the whales have frozen me in my tracks

these markets are just not to be traded

I can't reasonably expect to be able to play these markets

it is fucking galling having to witness this again.

During the pump n dump, I went from being an early investor and early proft taker, to FOMO merchant

Fucking rat cocksuckers. 6 fucking BTC trade with Stop Order

The majority who invest money in a vacuos asset like Bitcoin are certain to lose

So my plan is to look for long setups

a cabal of vampire parasites takes its place....

[gentlemand]

Looks like we're going down here, boys. Price-wise, I mean.

Let's see if we're properly down once futures have been rolling for a little while. Right now it feels like yet another something out to 'get' us that never actually did like the SR auctions and Segwit2x.

Daffy to be calling a categorical direction change before a large uncertainty becomes certain or not.

[Rosewater Foundation]

Looks like we're going down here, boys. Price-wise, I mean.

Let's see if we're properly down once futures have been rolling for a little while. Right now it feels like yet another something out to 'get' us that never actually did like the SR auctions and Segwit2x.

Daffy to be calling a categorical direction change before a large uncertainty becomes certain or not.

Sorry bro, I was being sarcastic.

[gentlemand]

Sorry bro, I was being sarcastic.

I meant to quote this

The first phase is when the buying stops. The last phase is when there is huge selling.

I absolve thee.

[realr0ach]

Broke lower on Finex and Kraken while people are putting in major effort to spoof and paint the tape on Gdax.  The amount of effort people spend trying to paint the tape on bitcoin to make it look good is around the same amount of effort spent by the jews trying to paint the tape to make metals look bad over the last few years.

[True Myth]

Looks like we're going down here, boys. Price-wise, I mean.

Let's see if we're properly down once futures have been rolling for a little while. Right now it feels like yet another something out to 'get' us that never actually did like the SR auctions and Segwit2x.

Daffy to be calling a categorical direction change before a large uncertainty becomes certain or not.

I'm not picking up a "this is the end" tone from this thread or any other areas of the bitcoin world that I am a part of.  I'm picking up a more general "yeah we are dipping... bitcoin does that" vibe.  There is always something that will scare people away from a full on vertical climb.  This of course is vital to the long term health of bitcoin.  

[TERA2]

I HATE BITSTAMP

[Kuriso]

panic buy panic buy panic buy

[realr0ach]

Nice spoofed 1500 BTC wall on GDAX you got there merchant Shlomo.  Had to move the spoofed walls from Finex to Gdax because nobody would use Scamfinex, did you?

[Rosewater Foundation]

Damn tho. This is a real shame. I sort of thought we were beyond embarrassing ourselves in public like this.

[Elwar]

I'm not picking up a "this is the end" tone from this thread or any other areas of the bitcoin world that I am a part of.  I'm picking up a more general "yeah we are dipping... bitcoin does that" vibe.  There is always something that will scare people away from a full on vertical climb.  This of course is vital to the long term health of bitcoin.  

Yep, I'm glad it didn't follow the short term upward trend it was on...it would have needed to double in 4 days to continue. Then the crash would have been yuuugge.

Staying over $10k will keep the medium term upward trend going.

[Elwar]