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

[bobdude17]

Huobi was amazing just now.

[xulescu]

Huobi was amazing just now.

Best MMO ever!

[derpinheimer]

Did China just eat ~2.5k ask wall???

[Bitcoin_is_here_to_stay]

Did China just eat ~2.5k ask wall???

yes. but sell orders are bigger than buy orders, likely meaning smart money is sellng

[bobdude17]

Did China just eat ~2.5k ask wall???

>3k

[billyjoeallen]

http://reason.com/blog/2014/04/28/doj-operation-chokepoint-and-porn-stars
http://www.theguardian.com/money/2014/mar/23/operation-choke-point-payday-lenders-issa-banks
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/operation-choke-point-the-battle-over-financial-data-between-the-government-and-banks/

The U.S government appears to be making a hard-sell case for Bitcoin.

They really seem to be talking out of both sides of their mouth... and accordingly engaging in selective enforcement tactics, which is NOT anything new.. to pick off the most vulnerable in society and pick off the most easy to target folks.

The government is not monolithic. There are many conflicting programs to make home buying both more affordable and more expensive at the same time for example. Actually the latter programs are supposed to prop up home prices, but that makes them less affordable to new purchasers. Every bureaucrat is a tin pot dictator within his own fiefdom and the unintended consequences on the other bureaucrats cause the conflict.  (This is how we win eventually).

[JorgeStolfi]

Did China just eat ~2.5k ask wall???

I saw two walls a few CNY apart, each ~1400 BTC.  I believe they were eaten in one gulp each.

[ShroomsKit]

Let's panic sell because we didn't see this coming.
And make sure to follow a dying exchange all the way down. Go idiots go!

[derpinheimer]

Did China just eat ~2.5k ask wall???

I saw two walls a few CNY apart, each ~1400 BTC.  I believe they were eaten in one gulp each.

Did China just eat ~2.5k ask wall???

>3k

Did China just eat ~2.5k ask wall???

yes. but sell orders are bigger than buy orders, likely meaning smart money is sellng

Ah, well, here the asks keep piling on!



Another 1.2k+ asks in ~10min.

[billyjoeallen]

Let's panic sell because we didn't see this coming.
And make sure to follow a dying exchange all the way down. Go idiots go!

On this volume there is very little panic selling...yet. It's gonna have to get a lot panicier before I even start buying.

[xulescu]

BFX longs closing. Below 15M USD in swaps http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php

[silverfuture]

http://reason.com/blog/2014/04/28/doj-operation-chokepoint-and-porn-stars
http://www.theguardian.com/money/2014/mar/23/operation-choke-point-payday-lenders-issa-banks
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/operation-choke-point-the-battle-over-financial-data-between-the-government-and-banks/

The U.S government appears to be making a hard-sell case for Bitcoin.

Now if only there was some way to be in charge of your own finances without having to ask permission. Hmmn

Makes  this seem more plausible

Smells almost like the US is preparing to abandon the HMS Petrodollar.

I doubt if that is the actual intent behind these actions but it's likely to hasten the need for abandonment by everyone else. C'est la vie.

[derpinheimer]

BFX longs closing. Below 15M USD in swaps http://charts-bfxdata.rhcloud.com/bitfinexLiquidityPriceCombinedBTC.php

I have no idea how to read those BFX charts lol

[JayJuanGee]

http://reason.com/blog/2014/04/28/doj-operation-chokepoint-and-porn-stars
http://www.theguardian.com/money/2014/mar/23/operation-choke-point-payday-lenders-issa-banks
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/operation-choke-point-the-battle-over-financial-data-between-the-government-and-banks/

The U.S government appears to be making a hard-sell case for Bitcoin.

They really seem to be talking out of both sides of their mouth... and accordingly engaging in selective enforcement tactics, which is NOT anything new.. to pick off the most vulnerable in society and pick off the most easy to target folks.

The government is not monolithic. There are many conflicting programs to make home buying both more affordable and more expensive at the same time for example. Actually the latter programs are supposed to prop up home prices, but that makes them less affordable to new purchasers. Every bureaucrat is a tin pot dictator within his own fiefdom and the unintended consequences on the other bureaucrats cause the conflict.  (This is how we win eventually).

I believe that you are again changing the subject - b/c I made my statement in response to the articles links referenced by Aminorex's post.   I am still a little bit unclear about the point that Aminorex was attempting to make by posting the links to those articles.   

BJA:  I agree with your point that the govt is NOT monolithic.. but I remain unclear about the relevance of your "tin pot dictator" assessment or your suggestion that "we" are attempting to win something - which seems to be referring to transitioning to libertarianism... and those latter points, though interesting in themselves do NOT seem to be the reason that Aminorex referenced those articles.

[billyjoeallen]

http://reason.com/blog/2014/04/28/doj-operation-chokepoint-and-porn-stars
http://www.theguardian.com/money/2014/mar/23/operation-choke-point-payday-lenders-issa-banks
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/operation-choke-point-the-battle-over-financial-data-between-the-government-and-banks/

The U.S government appears to be making a hard-sell case for Bitcoin.

They really seem to be talking out of both sides of their mouth... and accordingly engaging in selective enforcement tactics, which is NOT anything new.. to pick off the most vulnerable in society and pick off the most easy to target folks.

The government is not monolithic. There are many conflicting programs to make home buying both more affordable and more expensive at the same time for example. Actually the latter programs are supposed to prop up home prices, but that makes them less affordable to new purchasers. Every bureaucrat is a tin pot dictator within his own fiefdom and the unintended consequences on the other bureaucrats cause the conflict.  (This is how we win eventually).

I believe that you are again changing the subject - b/c I made my statement in response to the articles links referenced by Aminorex's post.   I am still a little bit unclear about the point that Aminorex was attempting to make by posting the links to those articles.   

BJA:  I agree with your point that the govt is NOT monolithic.. but I remain unclear about the relevance of your "tin pot dictator" assessment or your suggestion that "we" are attempting to win something - which seems to be referring to transitioning to libertarianism... and those latter points, though interesting in themselves do NOT seem to be the reason that Aminorex referenced those articles.

We're not just transitioning to libertarianism. That's far too mild. We're transitioning to crypto-anarchy, but it's going to be a long bloody struggle. The governments are aiding in this transition with their ham-fisted attempts at controlling the uncontrollable. We're giving the people the supply and the government is providing the demand. I know how crazy culty insane it appears to the uninitiated, but we are going to rebuild civilization itself, stronger faster better like the six million dollar man. We have the technology.

https://www.youtube.com/watch?v=-wntX-a3jSY

[JayJuanGee]

Let's panic sell because we didn't see this coming.
And make sure to follow a dying exchange all the way down. Go idiots go!

On this volume there is very little panic selling...yet. It's gonna have to get a lot panicier before I even start buying.

I do NOT have a whole hell-of-a-lot of fiat to spare, but I would prefer to buy a little more BTC. 

About an hour ago, I bought some at $421, and I would buy more, but I want to save  my  Fiat in the event that prices go below $400.... I really have my doubts, but who knows? 

I have been thinking that maybe the downward trend would last only until 5/10 - then we will get some kind of positive or at least some neutral announcement in connection with the global bitcoin summit in shanghai on that 5/10 date?

That will be a real bummer for china and their 5/10 bitcoin summit if they are merely having presentations about all the bad BTC news in china...

[Davyd05]

http://reason.com/blog/2014/04/28/doj-operation-chokepoint-and-porn-stars
http://www.theguardian.com/money/2014/mar/23/operation-choke-point-payday-lenders-issa-banks
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/04/16/operation-choke-point-the-battle-over-financial-data-between-the-government-and-banks/

The U.S government appears to be making a hard-sell case for Bitcoin.

They really seem to be talking out of both sides of their mouth... and accordingly engaging in selective enforcement tactics, which is NOT anything new.. to pick off the most vulnerable in society and pick off the most easy to target folks.

To respond to my earlier comment, I felt bad about ignoring you cause..there really was no reason.. lol ..and in your first response to my post you understood my meaning 100%.  So in honor of that, though you may not care, have earned life time un-ignored status...But yea more tolerance for walls of text as trolls just usually post cheap ass one liners!

I was reading through the article at yeah it really does scream hey we need bitcoin cause we're just stepping over constitutional rights life right and center..and then oh hey a Corporation broke the law...ahh fuck it.. fine em their daily lunch money.

[Bitcoin_is_here_to_stay]

Let's panic sell because we didn't see this coming.
And make sure to follow a dying exchange all the way down. Go idiots go!

On this volume there is very little panic selling...yet. It's gonna have to get a lot panicier before I even start buying.

+1

[mikeh2]

testing - couldn't post in other section of forum with new account after forum decided it won't send me a password reset email..  so fk'd up.

-

finally worked, been trying to post a single message for hours.. now to get post count up again :/

[Davyd05]

I am just going to view this bear phase as the accumulation phase...as that really seems to be underlying theme...