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

[fragout]

Bitstamp series of walls @$9200 getting eaten.

[Ludwig Von]

Bitstamp series of walls @$9200 getting eaten.

"Tokyo express" is back... .

[marcus_of_augustus]

Kobayashi hit the Asahi dry followed with saki and fine scotch late into Saturday night ...now he has woken up like a bear with a sore head.

Bitcoin is going to get smacked around like a geisha

[Raja_MBZ]

Can that time ever come when we'll say "we're going to have a week-end pump" instead of week-end dumps?

[Bitcoinaire]

These drops are tiresome.

[fragout]

Btc market is sickening to watch at times. One guy was walling up on stamp for the last few hours and slowly forcing the price down from $9400. He got it down to around 9100 and then pulled the wall and dumped the price another $200. Added the walls again and continued selling. Looked like he was working with about 1000 btc but probably has more in reserve.
Bitfinex and the other exchanges followed like sheep even though their volume is much higher.

[rafanadal]

These drops are tiresome.

And worrisome.

[rafanadal]

What's the logic behind a weekend dump anyway?

[rafanadal]

8888

[HairyMaclairy]

What's the logic behind a weekend dump anyway?

Banks are closed so it’s a closed ecosystem. Harder to bring fiat onto the exchange so the dump is more effective.  And it’s Saturday so people have time to sit in front of their computer screens and panic instead of being at work and oblivious.

[JimboToronto]

8888

Oh noes...

[rafanadal]

What's the logic behind a weekend dump anyway?

Banks are closed so it’s a closed ecosystem. Harder to bring fiat onto the exchange so the dump is more effective.  And it’s Saturday so people have time to sit in front of their computer screens and panic instead of being at work and oblivious.

makes sense

[mike4001]

I wonder how long people will still be optimistic.

Maybe if Bitcoin is still below 10k in the end of 2018?

[gembitz]

8888

Oh noes...

\\\___back to earth ~ n00b purge 2.0 :-D weeee

[gentlemand]

Banks are closed so it’s a closed ecosystem. Harder to bring fiat onto the exchange so the dump is more effective.  And it’s Saturday so people have time to sit in front of their computer screens and panic instead of being at work and oblivious.

I think this is silly. It's a self fulfilling prophecy that traders play on. 95% or more of fiat on exchanges has been swirling around for weeks or months. It doesn't arrive and is feverishly spunked the moment it's credited with furious button mashing never to be seen again. Every Bitcoin sale results in more fiat being available.

And I recall it's flipped on occasion and we got nothing but weekend pumps for weeks on end in the past as well.

I wonder how long people will still be optimistic.

Maybe if Bitcoin is still below 10k in the end of 2018?

That would still be mind boggling to me. The 10 grand area was the holy grail for eternity. Now it's, like, whatever.

[gembitz]

@KamilBrejcha https://twitter.com/KamilBrejcha/status/972438246528569344

Who would imagine that mining cryptocurrencies and agriculture can work together?  The first batch of cryptomatoes is ready to be harvested. We are using the excess heat for the tomato greenhouse and it is working:-)

^cryptomatoes tomerkle trees are growing big , why is that not weed? :-D haha

[JayJuanGee]

Can that time ever come when we'll say "we're going to have a week-end pump" instead of week-end dumps?

Merely we have seemingly good odds for a dump, you really don't know whether the weekend as a whole is going to add up to a dump or a pump, so your asserted correlation does not seem to be evidentially substantiated when it comes to bitcoin's longer history. 

Merely because we are currently in correction period, since about December, you DONT have some kind of truth in a supposed and "inevitable" dump scenario..

Do you happen to recall between late 2015 and late 2017, we were in a bull run, and it remains fairly likely that we are still in that bull run (believe it or not), therefore, we had more than 2 years of largely weekend pumps, or have you forgotten about that, merely, because we are in a nearly 3 month correction period?

[JayJuanGee]

These drops are tiresome.

And worrisome.

Relieve yourself of the stress and sell all BTC.  Good bye...     



 

[realr0ach]

What a grotesque pump and dump.

[mike4001]

What a grotesque pump and dump.

I dont see any pump ...