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

[ChartBuddy]

Explanation

[dreamspark]

LTC taking a beating through all this as well...

its value is derived from BTC.

Its $ price is yes but not on the pair

[adamstgBit]

LTC taking a beating through all this as well...

its value is derived from BTC.

Its $ price is yes but not on the pair

LTC/BTC is falling while BTC is falling

poor LTC...

[KeyserSoze]

LTC taking a beating through all this as well...

its value is derived from BTC.

With sidechain development, all altcoins could suffer a drop in perceived value.
http://letstalkbitcoin.com/e99-sidechain-innovation/

[chromosoma]

Lol, so many optimists here:))

BTC was once a good place to speculate and make money:) That is the only good thing BTC was good for. Forget the ideology about  free money etc.
But now china is exiting, and who esle is left? A bunch of optimists...

Bitcoin will fall to 20-50 Dollar and remain there for long long time, for eternity for example:)

[slapper]

LTC taking a beating through all this as well...

its value is derived from BTC.

Its $ price is yes but not on the pair

LTC/BTC is falling while BTC is falling

poor LTC...

Greatest sleazecoin ever.

[fonzie]

No bulltrap for me 

[jonoiv]

[snip]

In all fairness though its not TA thats bringing the price down is it, its the uncertainty over China and the gox hangover and that is all. Pure and Simple.

Yet in the absence of positive fundamental factors, TA from the existing bad news is all we have to go on.   All my predictions are coming true or have already come true.  so lets be honest there is a good chance the other yet unfulfilled predictions will follow.

Bulls can listen, I know most of them won't.  

I have not held crypto overnight since the silk road crash (barring mined coins).   but I have made a lot in day trading.  I am almost 100% fiat overnight, every night.  
 
If we go up from here, we still won't break the December trend line.  It's almost impossible now without some amazing good news.

[dreamspark]

LTC taking a beating through all this as well...

yar nearly quoted Joinov and some guy talking about how they' couldn't resist 12 dollar ltc. while he shits all over bitcoin, I'm sure the 9 dollar ltc is 1/4 more attractive than 12.

In other news

I mentioned earlier the idea that Huobi and other exchanges may leave or operate outside of China. They introduced an english ( U.S.A flag denoted ) version of their site.

Google translate from a reddit http://www.reddit.com/r/Bitcoin/comments/22os8f/huobicom_begins_an_english_version/

Recently, the world's largest digital currency currency trading platform fHuobi coming on-line network in English . It is reported that on-line in English is not only the English language in order to better serve the user , but also is the first Huobi net global strategy.
In the world of Internet banking ecosystem , the digital currency trading is one of the important part , and Huobi is a virtuous circle facilitator currency net monetary digital ecosystem . Platform has been open and transparent standard self-discipline, professional and safe service to investors. Vane type of business as the industry every move fire coins network represents the development direction of the industry. Internationalization is the trend, who grabbed the top spot in overseas markets , we must speak with strength. Huobi network is the platform for the strongest , the biggest team size , the highest degree of transparency in the trading platform . Moreover, according to a Huobi official currency network news , the platform has not only been the world's top VC investments , and hire a professional accounting firm to conduct a financial audit of fire currency network , while financial audit report will be made ​​public . This series of moves , the industry was considered part of the global network of Huobi layout .
About this time in English on-line, network co-founder Du Huobi have said : as a responsible trading platform , Huobi is committed to providing professional services to more secure for users worldwide , the digital currency in this industry, international technology is inevitable, the English version of the trading platform is not only to provide a better option for English language users, but also conform to a measure of the market. Want in a competitive environment for a long time survival and development , follow the trend , honesty and self-discipline , and constantly open up the rules of survival is the platform.
Platform in the shuffle , the industry needs self-discipline. In all current trading platform , the fire coins network has an absolute advantage in market share , but also has a strong team to support , not only by the users worldwide recognition, there is no doubt become the industry leader. On this path of globalization , the fire is undoubtedly the domestic currency network platform to go the farthest and most stable one , the industry structure of digital money is also increasingly clear .

Surely if they are able to operate outside of China that will be the best outcome for everyone, while operating in China and being exclusively for Chinese persons a ban in China means all buyers dry up and no new deposits means anyone with fiat on there will be looking to buy up as many coins as possible for an insta arb. If they can transition to outside of China that gives people outside of China aa way to slowly soak up those coins and means fresh fiat is able to hit the exchanges to keep the price from crashing without any buyers.

[ShroomsKit]

Lol, so many optimists here:))

BTC was once a good place to speculate and make money:) That is the only good thing BTC was good for. Forget the ideology about  free money etc.
But now china is exiting, and who esle is left? A bunch of optimists...

Bitcoin will fall to 20-50 Dollar and remain there for long long time, for eternity for example:)

So what are you still doing here?

[fonzie]

[adamstgBit]

fonzie did you close that long yet  

[Davyd05]

LTC taking a beating through all this as well...

yar nearly quoted Joinov and some guy talking about how they' couldn't resist 12 dollar ltc. while he shits all over bitcoin, I'm sure the 9 dollar ltc is 1/4 more attractive than 12.

In other news

I mentioned earlier the idea that Huobi and other exchanges may leave or operate outside of China. They introduced an english ( U.S.A flag denoted ) version of their site.

Google translate from a reddit http://www.reddit.com/r/Bitcoin/comments/22os8f/huobicom_begins_an_english_version/

snip...

Surely if they are able to operate outside of China that will be the best outcome for everyone, while operating in China and being exclusively for Chinese persons a ban in China means all buyers dry up and no new deposits means anyone with fiat on there will be looking to buy up as many coins as possible for an insta arb. If they can transition to outside of China that gives people outside of China aa way to slowly soak up those coins and means fresh fiat is able to hit the exchanges to keep the price from crashing without any buyers.

I see it as a positive, if China doesn't want to foster business it is going to go somewhere else to grow.

[fonzie]

fonzie did you close that long yet  

YES! opened new shorts. I tried to bullish at least short term ADAM but it never works out.
Bye bye 400
Maybe we´ll see one @ 370$

[Patel]

Gentlemen, its been a pleasure speculating with you this year.

400 about to be washed away

[7thKingdom]

It's time for another episode of everyone's favorite game... Test That Wall!

[magicmexican]

Hm another insider pre-news dump? Kinda too soon, isnt it?

[adamstgBit]

sellers are relentless

[Cassius]

It's time for another episode of everyone's favorite game... Test That Wall!

Yup. Very close to knocking on that wall now...

[adamstgBit]

brb gonna go puke.