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

[bitgeek]

Looks like we will be hitting 550$ mark within few hours.. now looking for 600$

It should reach 600 at least, this was the relatively stable price before the Chinese started stirring the pot.

[spooderman]

choo to teh mother fucking choo

[YogoH]

Premined doesn't automatically mean scam though. Ripple has a different vision and idea, and I could see it being used between banks just because of the corporate background. It is an interesting project. I would never buy it, but I actually own about 5k xrp (which is nothing) from running BOINIC on a spare computer.

Not necessarily a scam, but if the premine falls > 50% in the hands of a single individual then it's a huge risk to other investors. BTC is at lower risk due to only 10% under control of Satoshi and 7% under control of gox "hackers"

Not the point. The blockchain can be used in many ways when a 100% or 50% premine is preferable. Especially internally or for applications such as voting.

[Mythul]

Its happening guys, its finally happening...

[blatchcorn]

Here come the whales

[JorgeStolfi]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

[rohnearner]

Price On June 1st 2014
OPTIMIST
>800    - 48 (20.3%)
720    - 10 (4.2%)
648    - 43 (18.2%)

Realist
583    - 61 (25.8%)
524    - 41 (17.4%)
472    - 15 (6.4%)

Pessimist
425    - 4 (1.7%)
382    - 2 (0.8%)
<344    - 12 (5.1%)
   
Total Voters: 236

[spooderman]

Here come the whales

lololol thank you

[amitrwt]

Price On June 1st 2014
OPTIMIST
>800    - 48 (20.3%)
720    - 10 (4.2%)
648    - 43 (18.2%)

Realist
583    - 61 (25.8%)
524    - 41 (17.4%)
472    - 15 (6.4%)

Pessimist
425    - 4 (1.7%)
382    - 2 (0.8%)
<344    - 12 (5.1%)
   
Total Voters: 236

Good to know I'm Realist and most of the members who voted

[gizmoh]

Correction imminent 

[7thKingdom]

lolol at the whale that just doubled their wall at 550

[YogoH]

Man it feels good to be hitting red walls again.

[oda.krell]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

[MoreFun]

lolol at the whale that just doubled their wall at 550

Is this $510, $530 and $550 approx. 1600 BTC wall guy that is moving his walls? Or was his wall already bought?

[studio1one]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

honestly,

I think it is pretty much self fulfilling prophecy.

Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.

[spooderman]

That is quite an impressive wall

[oda.krell]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

honestly,

I think it is pretty much self fulfilling prophecy.

Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.

Maybe. Until enough indicators signal "overbought", at which some will sell, at which the signal will become "reversal", which means more people sell...

You just summarized one possible interpretation of why TA does what TA does. Work.

[JayJuanGee]

Price On June 1st 2014
OPTIMIST
>800    - 48 (20.3%)
720    - 10 (4.2%)
648    - 43 (18.2%)

Realist
583    - 61 (25.8%)
524    - 41 (17.4%)
472    - 15 (6.4%)

Pessimist
425    - 4 (1.7%)
382    - 2 (0.8%)
<344    - 12 (5.1%)
   
Total Voters: 236

Good to know I'm Realist and most of the members who voted

Probably many of us who voted early would like to move our vote upwards, based on recent events of the last few days.

Maybe next poll should have BTC price range predictions?  EG:

>>>>>>>>>What do you predict the BTC price to be on x date?

Above $1000
$900-$1000
$800-$899
$700-$799
$600-$699
$500-$599
$400-$499
Below$400

<<<<<<<<<

[dreamspark]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

For an educated man, you say some retarded things. I said to you yesterday get used to scratching your head, many before you have tried and failed to do the sort of analysis your doing. It just doesn't work like that, I dont see why you just ignore the people who know this market infinately better than you. Im not saying all the perma bulls but there are people around here that you have conversed with who aren't perma bulls and have attempting to explain many things to you. Instead of heeding their advice and points you just produce this waffle.

[Searing]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

You'll get used to the feeling of confusion, I'm sure.

Hope you'll stick around when we're back to 1200 and beyond, will be interesting to see the rationalizations you'll come up with.


("back to 1200" eventually, dear bulls. not tomorrow, or even next month.)

honestly,

I think it is pretty much self fulfilling prophecy.

Enough indicators pinged that a trend reversal may possibly be happening that people started buying and created a trend reversal. The more it reverses, the more indicators ping and the more fiat flows. Snowball effect.

Maybe. Until enough indicators signal "overbought", at which some will sell, at which the signal will become "reversal", which means more people sell...

You just summarized one possible interpretation of why TA does what TA does. Work.

not sure..with all the 'bad news" in the last few months ..maybe people did not buy due to that ..ie the price was repressed below what it may have been as a base if the news had not always been negative...perhaps this is a blow back and upward to correct (hey i can wish)

anyway may surprise us