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

[samson]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD.

8000 of the Gox Bitcoin were moved, only 8000.

20,000-30,000 appear to have been dumped on Bifinex alone since yesterday  

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[YourMother]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

8000 of the Gox Bitcoin were moved, only 8000.

20,000-30,000 appear to have been dumped on Bifinex alone since yesterday  

Yes, and that's because his wallet activity is creating a snowball effect. Just like i explained in the previous message, the bears are using every bit of negative news to fuel their short-game.

And don't confuse the volume with the sell orders executed. There are plenty of people buying during the forming of the red candles as-well

[FractalUniverse]

Looks like long weekend dump has started early this week. if it gets below ~8600 support we can expect some more dark days on the market. 

im getting ready to buy some cheap satoshis

[ophyrim]

MtGox is cashing out
relax guys

Yea 8k BTC is not enough to explain this situation. Everyone is selling because of the last big drop to 6k USD. They are afraid of the continuation of the MtGox sell.

[JayJuanGee]

kobyashi's back in the game?? ... I thought he was on the sidelines until the civil rehabiliation question was decided by the judge?

He has already raised sufficient funds to bring Mt. Gox out of bankruptcy so he has no further authority to be trading in any remaining liquid assets until the civil rehabilitation question is settled.

smells like FUD to get some bankster cheap coins ... probably buffet trying to get bankster dick out of his mouth and mumbled something incoherent.

I'm surprised he continues to sell coins considering he apparently has enough JPY to cover all claims and lawsuits.

Todays dip has nothing to do with Kobyashi, I'm pretty certain of that. Only 8000 coins moved out of the MtGox addresses yesterday.

I also think that the trustee is not involved. In Bitfinex for the last 16 hours were traded 35K BTC, while for the previous 24 hours only 16K. Too much people still with thousands of BTC were hoping to sell above 10K, and when they saw it didn't happen for the last 24h, decided to pull the trigger. The volume is much less than the previous dumps, however, so I still expect the bull run from the last month to continue.

Yep.  Exactly.   Purge some of those weak hands who feel some kind of pressing need to sell their BTC below $10k or even selling their BTC below $15k seems to be a bit rushed, but at least a bit more understandable for some folks to feel good selling some BTC in the $12k to $15k price range, and even though bitcoin remains a decent long term investment to hang onto, too.

Selling small parts of your BTC holdings in the coming 2-5 years between $15k and $100k seems like a possible and practical plan, too.

[mindrust]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

[bitserve]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

8000 of the Gox Bitcoin were moved, only 8000.

20,000-30,000 appear to have been dumped on Bifinex alone since yesterday  

Yes, and that's because his wallet activity is creating a snowball effect. Just like i explained in the previous message, the bears are using every bit of negative news to fuel their short-game.

And don't confuse the volume with the sell orders executed. There are plenty of people buying during the forming of the red candles as-well

AND the people that buys can also resell moments later... plus many other get triggered by the action and sell too.

One entity selling 8000BTC can perfectly cause an action of more than 100K BTC.

Not saying any mtgox coins were sold though. Absolutely no proof of that.

[JayJuanGee]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

[ivomm]

Some of you just don't get it, it seems. The price started to fall right after Kobayashi started moving the funds, not one day before and not one day after (excepting the Gates/Warren interviews). Now, he might be selling most of the coins OTC, but that still doesn't matter to the beartards, because they are looking even for a mosquito to cling on and justify their short-game.

The price is not going down because of the fundamentals or because it is overpriced. It's going down because of idiotic short-term FUD. In fact, the reasons for shorting this revolutionary technology are becoming more and more ridiculous, up until a point where nobody will give a fuck anymore and just buy regardless. And that moment could come just as unexpected (once kobayashi is done selling) as the 2017 20x pump event.

In general I agree with you. I am just doubtful that the trustee sold the coins 20h later and exatcly on Bitfinex. I think that the remaining whales (with 1K BTC and more) like to short them on Bitfinex hitting the sell button and causing pleasant for them drop in the price. You know, it hurts when you sold thousands of BTC and the price doubles in matter of days. The pain is so real that some of them will be on the brink of suicide. And of course the price will continue to rise despite their pathetic atempts.

[mindrust]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

[JayJuanGee]

These are very good news. I am buying all those cheap coins. Just this month alone bought $2k of coins and probably gonna throw another $1k.

Let them send more. My (and my buddies' who wait for another dip) pockets are deep enough to buy all  

If you and your buddies are only buying $2k to $3k coins each or even $10k worth of coins each, then you better have thousands of buddies, if you expect that your joint efforts are going to have any kind of meaningful possible effect on this bad boy.

Oh shit!!!!!   The royal we......

seems to be delusions of grandeur in the air.

[sirazimuth]

Preeese not go beerow 8 tousand dorrah!
Utterwise then dump tree coin must!

[promomei]

those days like today . What can i do ? How i can help ?

Just turn off  PC and go to the bar
say finally you girl that you love her more than crypto 

[UnDerDoG81]

Conspirancy: Every time MtGox moves coins, price goes down. Think the rest...

[RewFrew]

Big buys @ around 8700$.

Have we finished this dump or not yeat?

The clear next supports are 8250$ and 7500$.

[RayX12]

Last call for cheap coins!

[FractalUniverse]

Big buys @ around 8700$.

Have we finished this dump or not yeat?

The clear next supports are 8250$ and 7500$.

im afraid its more likely that its just starting than finishing here.
My next buys are around $8k level and many more below.

[Torque]

* Load ze Korea FUD *

http://news.chosun.com/site/data/html_dir/2018/05/11/2018051101843.html

From Twitter: "Upbit, South Korea's biggest cryptocurrency exchange operated by the subsidiary of Kakao, the country's largest tech conglomerate, was investigated by local police and 10 investigators.

Police thinks Upbit faked its balance sheet and deceived investors."

Riiiight...

[RayX12]

Maybe is Roger Ver despair!



Whoever it is, it will pass soon!

Buy or Hodl!

[Rosewater Foundation]

Where are all the cheerleaders? C'mon, go Bitcoin go