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

[marcelus]

Probably the tinfoil hat talking but there seems to be a fair amount of trading that's taking a loss to push lower. Long term bear maybe but it coincides with European timezones and Europe could be due some bad news tomorrow:
http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033

News like this usually sends the price rocketting.

[1715331654]

1715331654

[Mad Scientist]

Probably the tinfoil hat talking but there seems to be a fair amount of trading that's taking a loss to push lower. Long term bear maybe but it coincides with European timezones and Europe could be due some bad news tomorrow:
http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033

News like this usually sends the price rocketting.

A Bail-In means Banks will confiscate depositors accounts right? (As Gerald Celente and Max Keiser have been predicting) That will just make Crypto-Currencies that more attractive no?

[fluidjax]

Probably the tinfoil hat talking but there seems to be a fair amount of trading that's taking a loss to push lower. Long term bear maybe but it coincides with European timezones and Europe could be due some bad news tomorrow:
http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033

I dont get it, This bail-in is good news for bitcoin? so why would a bear push the price lower?

[TheCoinBull]

Probably the tinfoil hat talking but there seems to be a fair amount of trading that's taking a loss to push lower. Long term bear maybe but it coincides with European timezones and Europe could be due some bad news tomorrow:
http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033

I dont get it, This bail-in is good news for bitcoin? so why would a bear push the price lower?

Really!

[seriouscoin]

Probably the tinfoil hat talking but there seems to be a fair amount of trading that's taking a loss to push lower. Long term bear maybe but it coincides with European timezones and Europe could be due some bad news tomorrow:
http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033

News like this usually sends the price rocketting.

A Bail-In means Banks will confiscate depositors accounts right? (As Gerald Celente and Max Keiser have been predicting) That will just make Crypto-Currencies that more attractive no?

It will take abit of times.... avg person doesnt understand btc or cryptocurrency .... after this, they have to be extra careful

[TheCoinBull]

Rally coming this way. Last day for cheap coins

[alexeft]

Probably the tinfoil hat talking but there seems to be a fair amount of trading that's taking a loss to push lower. Long term bear maybe but it coincides with European timezones and Europe could be due some bad news tomorrow:
http://www.irishtimes.com/business/sectors/financial-services/eu-agrees-bail-in-rules-for-deposits-1.1626033

I dont get it, This bail-in is good news for bitcoin? so why would a bear push the price lower?

They are kind souls helping those "bailed-out" by the banks get on the bitcoin boat!
Aren't they? 

[barbs]

I believe there is a bot or group of people methodically rinsing coins between 650/660 and 750 on bitstamp, driving the price down after 750 to let asks fill in and then rinsing coins in that range very slowly to not cause a spike in price.

[alexeft]

Yes but its not planned for implementation until 2016. That figure doesn't mean a whole lot, if it passes there's little to stop it being brought forward, but its a nice comfortable looking 'long way away' figure for the media.

Now that you mention it, in 2016 we will have bitcoin reward halving! Imagine what a bull bitcoin will be!

ALL ABOARD!!!! CHOOOO CHOOOO!!!

[Teslaza]

I believe there is a bot or group of people methodically rinsing coins between 650/660 and 750 on bitstamp, driving the price down after 750 to let asks fill in and then rinsing coins in that range very slowly to not cause a spike in price.

Do you mind explaining the rinsing and spike in price a bit more for us dumb folk?

[TheCoinBull]

You would have to be blind to not see a huge rally coming. ATH into the new year. 2014 is going to be the year of the Bitcoin and Litecoin

[fluidjax]

You would have to be blind to not see a huge rally coming. ATH into the new year. 2014 is going to be the year of the Bitcoin and Litecoin

Thats better... Now I feel warm and cozy

[Richy_T]

This thread is suddenly moving way too quickly. Especially on such little action.

[alexeft]

Yes but its not planned for implementation until 2016. That figure doesn't mean a whole lot, if it passes there's little to stop it being brought forward, but its a nice comfortable looking 'long way away' figure for the media.

Now that you mention it, in 2016 we will have bitcoin reward halving! Imagine what a bull bitcoin will be!

ALL ABOARD!!!! CHOOOO CHOOOO!!!

Lol, yes, Cyprus 2 on a continental scale

 

Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/

[fluidjax]

Yes but its not planned for implementation until 2016. That figure doesn't mean a whole lot, if it passes there's little to stop it being brought forward, but its a nice comfortable looking 'long way away' figure for the media.

Now that you mention it, in 2016 we will have bitcoin reward halving! Imagine what a bull bitcoin will be!

ALL ABOARD!!!! CHOOOO CHOOOO!!!

Lol, yes, Cyprus 2 on a continental scale

 

Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/

if you add up the european countries its bigger than china... At least 3100

[stereotype]

Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/

So all eyes on the China figure. Is that going to reduce now?

[TheCoinBull]

Most people involved in bitcoin goal is to get their Fiat into bitcoin, So if they cant get anymore in. Why would they take what they have out, lol. Why not just consider themselves lucky for being able to get what they got in. And then hold what they have. Seems most asaian would comprehend this, prices should start to reflect. The rest of the world will pick up the slack on fiat pumping in.

[stereotype]

Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/

So all eyes on the China figure. Is that going to reduce now?

....also, who understands where Russia is with BTC? The next narrative, possibly. 

[muyuu]

Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/

You know that those countries are part of Europe do you ?

4   United Kingdom   540
6   Germany   381
8   France   352
9   Netherlands   295
13   Sweden   172
14   Poland   127
15   Spain   107

Total : 1974... (and I did not dig below)

Russia is in Europe too (both geographically and culturally). Just not in the EU. Which places Europe above China.

[EuroTrash]

Funnily enough, europe is just not there on the bitcoin map!
http://bitinfocharts.com/bitcoin/nodes-active/

You know that those countries are part of Europe do you ?

4   United Kingdom   540
6   Germany   381
8   France   352
9   Netherlands   295
13   Sweden   172
14   Poland   127
15   Spain   107

Total : 1974... (and I did not dig below)