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

[jonoiv]

500 sell wall being eaten on huobi


EDIT:  half eaten then pulled

[minerpumpkin]

What's happening now? What the? I'm out...

[p0peji]

We are entering the despair phase, I seriously doubt we'll see the 200s, I hope I'm right. That would hurt.

I personally think we're exiting despair. However that is because I've always been unafraid of China, nor do I day trade so I don't have to debate weather they tell the truth or string people along lol

Well it is obvious that they are stringing people along, because we went from "everything is fine" to "3rd party processors have been banned" to "Some bank accounts have been frozen, but we will stay in business", the next stop will be "We are very sorry but we cant keep operating with the restrictions in place".

Nope your string of events differ from mine,

Dec 5th PBoC decided placing restrictions that hoped it would stop capital flight among other things, which included the 3rd party payment bans.
That has yet to change, and people have purely spread FUD about that one thing for 3 months now.

Tbh I think the Chinese know better than any of the westerners about what is going on and how these things normally come to place in China and if they are not buying then that says enough imo.

[EuroTrash]

I think with NYFDS issuing the final regulatory guidelines for exchanges in New York by the end of Q2, I believe the start of Q3 will be a new all time high.

This gloom and doom will blow away then, or as soon as NYFDS releases the guidelines. Thats when Circle, SecondMarket, Coinsetter, Buttercoin will probably launch.

+1 that I agree with. In our hearts we are all permabulls (and maybe that is the problem).

[fonzie]

Invisible buy wall on Finex

[fonzie]

[spooderman]

I think with NYFDS issuing the final regulatory guidelines for exchanges in New York by the end of Q2, I believe the start of Q3 will be a new all time high.

This gloom and doom will blow away then, or as soon as NYFDS releases the guidelines. Thats when Circle, SecondMarket, Coinsetter, Buttercoin will probably launch.

+1 that I agree with. In our hearts we are all permabulls (and maybe that is the problem).

That is not a problem. If cryptocurrency isn't the future, humanity really screwed up. We've moved out of the stone age economically.

Mind you, humanity is continuing to make our planet uninhabitable to humans so.....

TO DA MOON!

[p0peji]

You gonna catch bears or bulls with that?

[silverfuture]

Invisible buy wall on Finex

500 BTC sell @ 0.410

EDIT 620 BTC

[jonoiv]

17 mins before the 4 hour MACD Crosses over!  I can't see any other outcome then a bear fest!

[gentlemand]

I think with NYFDS issuing the final regulatory guidelines for exchanges in New York by the end of Q2, I believe the start of Q3 will be a new all time high.

This gloom and doom will blow away then, or as soon as NYFDS releases the guidelines. Thats when Circle, SecondMarket, Coinsetter, Buttercoin will probably launch.

+1 that I agree with. In our hearts we are all permabulls (and maybe that is the problem).

That is not a problem. If cryptocurrency isn't the future, humanity really screwed up. We've moved out of the stone age economically.

Mind you, humanity is continuing to make our planet uninhabitable to humans so.....

TO DA MOON!

I thought this was a very cool quote from here http://www.reddit.com/r/BitcoinMarkets/comments/22wcx6/what_happens_if_the_best_case_scenarios_actually/cgr72rm

I wonder how the situation would look in an alternative universe where the humans invented computers, Internet and cryptography in the early 19th century and switched from gold to Bitcoin, skipping fiat currencies entirely.

Imagine someone from this universe suggesting a fiat currency:

"Let's call this system Dollarcoin. It is a system like Bitcoin, but there will be only one miner, the government. And there will be no limits on block rewards, so the government will be able to mine as many dollarcoins as it wants to. And you will not be able to transact large amounts directly but will need to register a "wallet" with large government-licensed corporations - we will call them banks. And banks and the government will be able to freeze your wallet or confiscate it at any time.

The banks will run their own blockchains too, however all those altcoins will be also called dollarcoins. Each bank will be able to mine 10 "bank dollarcoins" for each "government dollarcoin" they hold. And the bank will freely exchange between government coins and its own coins until it doesn't have any real dollarcoins left and its blockchain fails. Nothing to worry though - in this case the government will simply mine enough dollarcoins to reimburse the bank's customers.

And while we are at it, let's invent our own system for making purchases over the Internet with dollarcoins. It will be called Credit Card. This will be a plastic card with your dollarcoin private key engraved on it in plaintext. When you make a purchase online, you will simply send your private key to the merchant who are responsible for charging the exact amount you agreed to. After that, the merchant will store your private key in its database so you won't have to type it again next time! (Brilliant idea, right?)

Of course, there will be huge amount of losses due to fraud, but we will distribute those losses equally among all users of the system and they probably won't notice. We can just as many coins as we want, remember?"

[ChartBuddy]

Explanation

[seleme]

500 sell wall being eaten on huobi


EDIT:  half eaten then pulled

Piss off, I thought we bounced to 500$ 

[pjviitas]

Every transaction has a buyer and a seller.  Therefore at least one idiot is necessary for any trade to occur. 

That is a perfect illustration of how fundamentally mistaken you are, sir.  I urge you to apply yourself to your own education in this regard. The current situation is harmful all-around, not least to yourself.  Problem is, you know enough to be dangerous, but not enough to be trusted.

: )

Sellers spin it up and Buyers spin it down...an idiot is someone who doesn't spin it at all.

[roslinpl]

Explanation

Get ready new week will be a jaaaaaam hot on a charts!
I can see it as I have better glasses now!

[jonoiv]

500 sell wall being eaten on huobi


EDIT:  half eaten then pulled

Piss off, I thought we bounced to 500$ 

haha !!  Ouch sorry  

[seleme]

here we go

[ShroomsKit]

BTC-e just came back.

So we went down because btc-e was down and now we wil go further down because people can dump on btc-e.

Now really , i am starting to agree with shrooms ,..

Just now?!

[EuroTrash]

Most dumps so far have been single megadumps in an otherwise stagnating market... I believe I can hear the sound of a hundredaire's or a thousandaire's head exploding with every dump.

[fonzie]