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

[Biodom]

Institutions prefer to buy direct from miners due to anti-money laundering / tainted coins concerns. A 10% premium for freshly minted coins is apparently not uncommon.

That limits the amount of coins available for sale to institutions

This is just a dumb ass nocoiner (ignoramus) behavior.
When institution is buying from, say, Coinbase, prior history is of little (or no) concern since it is all going to a pool, from which Coinbase gives you your btc.
But, if they want to overpay, this is on them.

[UnDerDoG81]

have you tried bitcoinwisdom.io?

Did not knew they moved the site. Thats good to know, thanks!

[Febo]

When was last time that price increased 15% in a day?

[El duderino_]

BULLmarket uppon?
Seven-thousand dollars Fuck!
Need new merit source?

[dakiller322]

Sold some, so feel free to skyrocket more

[d_eddie]

Do time and day of this bull run tell us anything about the most likely immediate cause?

[Lambie Slayer]

I was reading over some WO comments from the July 2015 pump to 320. The vibe was pretty similar to this and unfortunately dumped back below 200 about 40 days later. If we can stay above 6K for 40 days then I believe we get all time highs this year. If not then I expect to see a ferocious dump back to 5k or less.

Either way this pump is a lot of fun and everyone will know if we dump that its just a blessing to get cheap coins and not the path to 1500 and final capitulation.

Its a bull market ya know

[Last of the V8s]

have you tried bitcoinwisdom.io?

Did not knew they moved the site. Thats good to know, thanks!

not the same people any more but largely the same functionality, plus a bit more
have fun!

[Toxic2040]

15m


#dyor

[becoin]

Apparently the old guard doesn't understand what physical scarcity actually means in terms of their old strategies. Is supply and demand really such a hard concept to grasp?

They are the masters of the financial universe. They can manage any scarcity for there is no physical scarcity of paper and green ink.

[spiderbrain]

Do time and day of this bull run tell us anything about the most likely immediate cause?

It looks like the price has been drifting up slowing until it hit 6k, which then moved into a feedback loop of short position liquidation and day trader FOMO. At some point all the short sellers will be dead and then the FOMO will flip.

[Lambie Slayer]

Fuck I have other stuff I should be doing right now but I cant take my eyes off this beautiful pump. Im gonna stay off of WO, reddit, twitter, and Tradingview for a few hours and avoid price checking, hopefully I dont miss too much fun.  

[marcus_of_augustus]

Still waiting SEC - 16 may
VanEck SolidX Bitcoin Trust - 21 may

This might be your news Lambie
(thanks Roman!)
They usually announce the delay for these ETFs a few days early.
SEC insiders buying to dump tomorrow night...?

So VanEck SolidX gets approval Monday

20K by July 4th if so.

This action is v. powerful so likely some news in market yes. Well-timed news no less with the golden crosses and other technical breakpoints being well-primed for uppity action. But news has to be big to cause this, like what?

I'm suspicious rep. Sherman's bill is some kind of shot across the bow based on insider knowledge of some big news that bad for USD and good for crypto also. A medium to major cental bank is buying btc, Iran? BAKKT is coming on line next week? Fidelity news is big but not this big. JPMorgan annoucing btc trading desk?

[UnDerDoG81]

So one guy commented on Facebook that this is a fake pump. No new money coming in, its just Tether floating around. Since I really don´t follow or read anything regards crypto, is that true what he is saying? I mean almost every bullrun was somehow faked.

[RoomBot]

I have serious Hat Envy. Hard to keep up with the HODLers.
Go, BTC, Go!
I hope everyone else traded their free stellar lumens for BTC when it was around $5K and XLM was at 12 cents.
I did, and now BTC is over $6K, XLM is 9 cents, LOL.
Thanks for the free pump, XLM!

[becoin]

Sold some, so feel free to skyrocket more

So, now you'll compete with millions of other people looking to buy the dip? Good luck!

[spiderbrain]

Still waiting SEC - 16 may
VanEck SolidX Bitcoin Trust - 21 may

This might be your news Lambie
(thanks Roman!)
They usually announce the delay for these ETFs a few days early.
SEC insiders buying to dump tomorrow night...?

So VanEck SolidX gets approval Monday

20K by July 4th if so.

This action is v. powerful so likely some news in market yes. Well-timed news no less with the golden crosses and other technical breakpoints being well-primed for uppity action. But news has to be big to cause this, like what?

I'm suspicious rep. Sherman's bill is some kind of shot across the bow based on insider knowledge of some big news that bad for USD and good for crypto also. A medium to major cental bank is buying btc, Iran? BAKKT is coming on line next week? Fidelity news is big but not this big. JPMorgan annoucing btc trading desk?

I think the US-China trade war intensifying last week is a factor. The affects RMB devaluation and trillions in Chinese hot money trying to find ways out of the country.

[JayJuanGee]

Looking at the poll, I see I may not have included enough options. We may actually end up closing over $7,000. This was inconceivable when I put this poll up around 10 days ago.

Nothing is inconceivable in bitcoinlandia.

[El duderino_]

Looking at the poll, I see I may not have included enough options. We may actually end up closing over $7,000. This was inconceivable when I put this poll up around 10 days ago.

Nothing is inconceivable in bitcoinlandia.

Shutting the F*** up you is!

[d_eddie]

1m and 3m charts have changed convexity. We might be out of the acute phase.