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

[CryptStorm]

Can we assume the worst is over?
China seems to be climbing up again too.

Yes, yes, we assume 'the worst' is over, unless you like this sort of thing. 

[electronistul]

Getting in and out from exchange to exchange and currency to currency (even if you're 24/7 at it) will end up in tears for you (in most cases) if you don't have previous experience and knowledge.

I personally follow and post here the 5 rules of success for you:
1. Don't get emotional from other's people thoughts.
2. Not everyone here is a "nice person" you can trust.
3. IF YOU DON'T KNOW WHAT TO DO, DON'T TRADE.
4. HOLD!!!
5. Until you desperately need the money follow rule #4.

Good Luck!

I think this is the very best advice I could ever read on this thread.
Went cold storage after that.
Until we're up to $ 10.000, everything else is background noise for me.

[Davyd05]

I'm thinking a 1100 by 9am est, we'll see how it goes from there. I am still torn with how many people can panic upon waking. The west coasters were probably still awake for that crash.


like someone woke up and panic'd on cavirtex.. just dropped of  $100 for no apparent reason other then a couple people turning bear.

[fluidjax]

The last few days we have a lot of traders looking for a trigger, and a news event of little substance is better than nothing,
The news certainly isn't bad news, its not good either. Its more a statement of the obvious and brings china in-line in what we think the rest of the world is doing. AML, KYC no Bitcoin accounts in your local Bank.

Traders gotta trade, bears gotta find some bad news and weak hands get fleeced.

[MicroFi]

Can we assume the worst is over?
China seems to be climbing up again too.

Yes, yes, we assume 'the worst' is over, unless you like this sort of thing. 

Well, it matters what your point of view is.
I will 'like this sort of thing' once it's over and Bitcoin has grown stronger in it's position.

Although I'm a long term bull, I'm fully aware that we need these kind of crashes for Bitcoin to gain strength.

[CryptStorm]

I'm thinking a 1100 by 9am est, we'll see how it goes from there. I am still torn with how many people can panic upon waking. The west coasters were probably still awake for that crash.

As a West Coaster, I can tell you I was *not* awake at 2AM, but just happened to check from bedside. *jumps out of bed*

[seleme]

The last few days we have a lot of traders looking for a trigger, and a news event of little substance is better than nothing,
The news certainly isn't bad news, its not good either. Its more a statement of the obvious and brings china in-line in what we think the rest of the world is doing. AML, KYC no Bitcoin accounts in your local Bank.

Traders gotta trade, bears gotta find some bad news and weak hands get fleeced.

Exactly, those who were crying to sell just got trigger to press the button.

Move on

[Nemo1024]

Someone's swiping an enormous bid wall on Bitstamp. What are the implications when something like this happens?

[erk]

You realize is was the central bank in China making the announcement, all central banks hate Bitcoin as they can't print it, they have to buy it like everyone else, they are not use to that level playing field so they will do whatever they can to hinder Bitcoin or any other decentralized currency, the word central isn't in their name for decoration.

[rebuilder]

On the topic of wall-watching, there's one to see at Bitstamp... Someone's rolling a 900k BTC bid wall upwards, the price seems to be getting pushed along so far.

[tarmi]

Brace yourselves market gonna crash. Two reasons -

#1 China banned banks from Bitcoin transactions

#2 Sheep Market place theft of $400 million, much bigger than silk road

How did you get by that number?  Weren't 95000 coins?

Check this transaction
https://blockchain.info/address/1CbR8da9YPZqXJJKm9ze1GYf67eKAUfXwP?offset=0&filter=0

That's BTC-E wallet.

says who?

[hannesnaude]

they ban unicorns too.

They BANNED unicorns??!! I don't believe this.  Link or it didn't  happen.

 

[DougTanner]

wat

[NewLiberty]

so, check this out

"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."

Somebody just got a sweet deal *cough, owner of BTCChina, cough*

Must be nice to get an inside deal. *cough, money exchanges hands, cough*

What advantage does BTCCHina have for which you suggest they've had to pay?

Chinese banks can't enter its business. 

[NewLiberty]

they ban unicorns too.

They BANNED unicorns??!! I don't believe this.  Link or it didn't  happen.

 

Its no joking matter.... apparently...
http://somakeitup.blogspot.com/2013/10/ban-unicorn-jokes.html

[adsdas]

A last rush to 1400 before the real crash? Yes please!

[gandhibt]

This test shows us once again how bullish this run is. Amount of pigs getting slaughtered is amazing.

[bito]

$900k bid wall at 950 on bitstamp

With people using mBTC and BTC, it's probably better to quote the size of the wall in BTC not $. So it would be a 900ish BTC bid wall. I thought you were talking about 900k mBTC for a second there.

[inca]

Someone seems to have bought the price back up over 1000.

[CryptStorm]

so, check this out

"...The Notice requires, the Bitcoin websites that act as the main trading platform, should follow the Telecommunications Act and the Regulation on Internet Information Service, and register according to law. ..."

Somebody just got a sweet deal *cough, owner of BTCChina, cough*

Must be nice to get an inside deal. *cough, money exchanges hands, cough*

What advantage does BTCCHina have for which you suggest they've had to pay?

Chinese banks can't enter its business.  

Thank you, I believe I'm reading it in a similar manner. Isn't this the next part of that 'first they laugh at you, then they throw your shoes over a telephone wire, then they buy you a beer' idiom?