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

[beetcoin]

so what bit of news has come out to make it jump by $40 overnight? we're approaching summer now; is it time to heat up?

[N12]

so what bit of news has come out to make it jump by $40 overnight?

I see what you did there.

[pietje]

so what bit of news has come out to make it jump by $40 overnight? we're approaching summer now; is it time to heat up?

It can be something else then news to start a rally or dump.

[dreamspark]

Yes be wary of LTC, it hasnt got much going for it anymore and one of the pools has also been flickering around 50% has rate for a few days as well.

Can you explain?
Never really saw the point in LTC, but what's different now?

Well, besides from the sheer number of alts some of the new ones (drk,monero etc) have got real world useful features. LTC apart from its second mover advantage only has faster block times which is now included in a huge amounts of alts.

Whats the advantage of LTC over an alt thats faster and anon?

None! Dark's anonymity feature is getting better with updates too.

Almost. Dark coin is attempting to copy ring signature that is used by monero (my new favourite alt). Will be interesting if they can do it as it's not a copy paste integration.

[Toxic2040]

New poll time?   

[navigator]

Long stable boredom periods cause bitcoin rallys.

[T.Stuart]

so, I live under a rock and I am lazy as hell

can someone tell me what just happened?

Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.

One at a time.

That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)

You had to be there to fully appreciate the bullishness of the situation. My tv's still sticky.

 

All that time cautioning against rocket pics and suddenly this?!! 

[Richy_T]

euphoria

Hmm.  I was thinking we are now in "Thrill."

Euphoria will be when it hits $2000+  

"Tingle"

[oda.krell]

so, I live under a rock and I am lazy as hell

can someone tell me what just happened?

Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.

One at a time.

That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)

You had to be there to fully appreciate the bullishness of the situation. My tv's still sticky.

 

All that time cautioning against rocket pics and suddenly this?!! 

Yeah. Guess being bullish brightens one's mood...

Bear. Not even once.

[N12]

so, I live under a rock and I am lazy as hell

can someone tell me what just happened?

Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.

One at a time.

That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)

You had to be there to fully appreciate the bullishness of the situation. My tv's still sticky.

 

All that time cautioning against rocket pics and suddenly this?!! 

Yeah. Guess being bullish brightens one's mood...

Bear. Not even once.

I make money being bullish, but I can't make any money being bearish in part because I don't trust the exchanges to hold my short, and because Bitcoin is in a long-term bull trend and I probably dare not short it even in an intermediate bear market.

[Richy_T]

Weak hands started running out of coins. It's not a question of if, it's just a question of when.

[BBmodBB]

so, I live under a rock and I am lazy as hell

can someone tell me what just happened?

Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.

One at a time.

That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)

You had to be there to fully appreciate the bullishness of the situation. My tv's still sticky.

 

All that time cautioning against rocket pics and suddenly this?!! 

Yeah. Guess being bullish brightens one's mood...

Bear. Not even once.

/\BTC HEADING TO CANDY MOUNTAIN!!!WEEEEE =)

[BBmodBB]

Weak hands started running out of coins. It's not a question of if, it's just a question of when.

WATCH THE MOMENTUM WILL GIDDY UP AROUND 700ish ,,jmho ;-)

[porcupine87]

Better graph of the breakout:

This line just shows how meaningless all the line drawing is

No, it just shows you don't understand trendlines or triangles

You cannot beat the market with such arbitrarily lines, except a sufficiant amount of traders use that lines.

Maybe the graph above just looks arbitrarily. This graph is better. And what tells you that? That Bransen and other investors just sit there and drawing lines? And invstors realize from now on, that the US goverment doesn't intervene and consumers will like it? Because of the lines?
Here, this one works:

[luke997]

Yes be wary of LTC, it hasnt got much going for it anymore and one of the pools has also been flickering around 50% has rate for a few days as well.

Can you explain?
Never really saw the point in LTC, but what's different now?

Well, besides from the sheer number of alts some of the new ones (drk,monero etc) have got real world useful features. LTC apart from its second mover advantage only has faster block times which is now included in a huge amounts of alts.

Whats the advantage of LTC over an alt thats faster and anon?

None! Dark's anonymity feature is getting better with updates too.

Almost. Dark coin is attempting to copy ring signature that is used by monero (my new favourite alt). Will be interesting if they can do it as it's not a copy paste integration.

Darkcoin is proper development (with real dev and actual coding), monero is bytecoin fork.

Jury is out, interesting to watch how this plays out.

[vonBerlichingen]

We´ll go through the dark side of Power.

[N12]

Maybe the graph above just looks arbitrarily. This graph is better. And what tells you that? That Bransen and other investors just sit there and drawing lines?
Here, this one works:

Yours is arbitrary because it uses all candle wicks but one for the trendline. Either you do it by closes, or you do it by high/lows, not both.

[lyth0s]

Here is some speculation as to WHY the bitcoin price may have gone up: http://www.geekcipher.com/technology/bitcoin-price-breakout-on-may-20th-2014/  about 1/2 way down the page. Transparent Thailand exchange reopening + other possibilities.

[oda.krell]

I make money being bullish, but I can't make any money being bearish in part because I don't trust the exchanges to hold my short, and because Bitcoin is in a long-term bull trend and I probably dare not short it even in an intermediate bear market.

I'm not in this game as long as you've been, but I seem to make money only in bull markets, but increase my btc in bear markets. Sure, you'll say it's obvious, but I think it was Rampion who gave me that idea some point in the middle of last year, until then I didn't really think of it that way.

[rezurect]

so, I live under a rock and I am lazy as hell

can someone tell me what just happened?

Karpeles made an appearance on Oprah earlier today and pulled the private keys for 600k coins out of his ass.

One at a time.

That would lower the price I think. 600k BTC lost is 2.9% of all Bitcoin that will ever be mined (more than 5% of currently mined ones)

You had to be there to fully appreciate the bullishness of the situation. My tv's still sticky.

 

All that time cautioning against rocket pics and suddenly this?!! 

Yeah. Guess being bullish brightens one's mood...

Bear. Not even once.

I make money being bullish, but I can't make any money being bearish in part because I don't trust the exchanges to hold my short, and because Bitcoin is in a long-term bull trend and I probably dare not short it even in an intermediate bear market.

Being bullish for the past 5 months was a pain ill remember for a long time. Entered long @ 400 and have been waiting since. Margin trading @ btc-e.This is one long term trade till the next bubble bursts. Hope this isnt a false breakout. Cant Bear the Bear market.