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

[bitcoinsrus]

Hey guys, don't be so tense. Just sell your coins and you can enjoy life without worrying until there will be another uptrend Don't do this to yourself, you are still young with a long life ahead of you. Don't waste it worrying about some stupid coins

[Nicholas-Carraway]

My is watching potential bottoming fomration.

https://www.tradingview.com/v/2M3hwYUf/

[EuroTrash]

Fundamental indicators? number of transactions has turned south for the first time since December.

That happened in June-July 2013 too. Not sure if still dropping or not though


Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:


But the worst of all is the estimated USD transaction volume:

[podyx]

USD transaction volume means what??

[JayJuanGee]

Going down or a good buy opportunity? thoughts?

it went down so its a good buy opportunity

300$ on monday that's certain

Not sure if trolling.

Maybe not on monday but within 2weeks for sure!

Would you like to bet on this prediction?  How much?  I already know that you will NOT take any bet b/c you have NO confidence in such a prediction.

I'm betting on this prediction.

I will take the bet directly.  I will bet you 1BTC that the BTC price on Bistamp will NOT remain below $339 for more than 30 minutes in the next two weeks.  Please take my bet and we will find someone to hold such bet proceeds.

Otherwise how are you betting?  By spewing a bunch of NONsense and saying that you are NOT into BTC...   That is NOT the same.

[mmitech]

Fundamental indicators? number of transactions has turned south for the first time since December.

That happened in June-July 2013 too. Not sure if still dropping or not though

Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:


But the worst of all is the estimated USD transaction volume:

yes, I think Litecoin is taking some of the lost Bitcoin transactions, I am watching over the last few months and it has been growing every day, even the trading volume beats Bitcoin's one

[JayJuanGee]

Really loving all the bulls who are in such denial.  

I'm gonna have to put you on ignore. Bye.

Are you putting all bears on ignore? I'm feeling kinda bearish lately.

He already put me on Ignore supposedly... he is all over the place with his ignore proclamations.  I think that he is attempting reverse psychology.. by trying to project value by showing that he is a proper bitch dog bird

[mmitech]

Fundamental indicators? number of transactions has turned south for the first time since December.

That happened in June-July 2013 too. Not sure if still dropping or not though

Also number of unique bitcoin addresses used (that has to do with Metcalfe's law) is dropping:


But the worst of all is the estimated USD transaction volume:

yes, I think Litecoin is taking some of the lost Bitcoin transactions, I am watching over the last few months and it has been growing every day, even the trading volume beats Bitcoin's one

True, but I've also noticed that Litecoin is getting worth less compared to Bitcoin. It used to be around 0.027 all the time, now it's more like 0.025 (barely). As a holder of Litecoins, this does worry me to some extent. I feel tempted to just take my losses (I'm down about 20%), but at the same time I have a very 'fuck it' attitude and therefore I'm gonna wait until after the 15th of April. Let's see what the future brings. If it starts rising significantly again, or even better, if the much cheaper Litecoin decouples from the chains of Bitcoin, then I might hold on to my Litecoins. If that change isn't coming, then I'll try to cash out at the best moment possible.

Litecoin price always lags against Bitcoin's price (when going up), I also hold more value in Litecoin than in Bitcoin, but I am not going to cash out anything now, especially that ASICs are hitting the network and the adoption rate is accelerating in unbelievable way.

if I am going to cash any Litecoin it will be around mid-end year ...

[EuroTrash]

Huobi still buying tho': fighting resistance at 2750 albeit with not much conviction.

[podyx]

True, but I've also noticed that Litecoin is getting worth less compared to Bitcoin. It used to be around 0.027 all the time, now it's more like 0.025 (barely).

Actually it used to be 0.032-0.035

[ChartBuddy]

Explanation

[seleme]

50 000 people from all over the Europe demonstrating in Bruxelles against EU fiscal politics.

[jonoiv]

My is watching potential bottoming fomration.

https://www.tradingview.com/v/2M3hwYUf/

same pattern last time. followed by a huge dump

[fonzie]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

[adamstgBit]

Wow - In case you missed this...
http://www.coindesk.com/new-texas-memorandum-outlines-initial-bitcoin-exchange-guidelines/  

It basically says Texas isn't going to regulate bitcoin exchanges and you don't need a money transmitter license in Texas - at all.

"Therefore absent a legislative change to the statute, no currency exchange license is required in Texas to conduct any type of transaction exchanging virtual with sovereign currencies"

Direct quote from the Texas Department of Banking.  It is not an interpretation.  It is direct from the horses mouth.  Therefore, you can open a bitcoin exchange for all Texas customers - TODAY!  No license necessary.  I think only Idaho has a similar situation.  

This is BY FAR the single most important document we've ever received from any United States government.
http://www.dob.texas.gov/lg_manual/sm1037.pdf 

This is HIGHLY favorable to bitcoin.  Please read it now.  Read it carefully.  Celebrate later.

[coins101]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

[ShroomsKit]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

[podyx]

This gotta be the fucking bottom

I had a weird dream today, one of those who feel like it actually happend when you wake up.
It was a really fast rally to about $650-670 and I had gotten my buy order filled on 430 just before.
Was really disapointed when I woke up and checked my phone for ticker.




65 to 105 is about 65% rise, same as from 430-670

What do you say? Maybe we are in for a little weekend treat today or tomorrow

[coins101]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

wall observer. pop in and out when the shit hits the fan.

troll. noted.

[Bronstad]

I assume that the next real dump will be a brutal one. A few chinese exchanges might go dark overnight and even
leave customers back MtGox style, most of them will shutdown completly at least(without stealing). I expect total chaos,and nothing less. This right now is truly the calm before the storm.
But at least we might see a reputable bounce after the upcoming chinese desaster flash crash.

either this, or they will relocate to Hong Kong.

Are you new here?

Don't quote the troll.

Don't requote the troll