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

[Ghris]

No thanks, I want my BTC being able to buy a lot more.

yes I do as well, but not overnight, i want to rise to 700-800 in 1 month or more not in 3-10 days, stability is what we need, so again: go walls!

+1
The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

[ChartBuddy]

Explanation

[Cassius]

No thanks, I want my BTC being able to buy a lot more.

yes I do as well, but not overnight, i want to rise to 700-800 in 1 month or more not in 3-10 days, stability is what we need, so again: go walls!

+1
The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

True, but tell that to herd psychology. If it does get going, no one's going to care about sustainable. Sad but unavoidable.

[rebuilder]

The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

about 26% yearly growth, then? So far it's been rather a lot higher than that.

[Ghris]

The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

about 26% yearly growth, then? So far it's been rather a lot higher than that.

Yes it is, as a startup we had huge growth. Helped bitcoin get known to the public. I think we've (allmost) come to the point where bitcoin needs to proof it can be a trustworhy currency and a valuable asset.

[kurious]

The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

about 26% yearly growth, then? So far it's been rather a lot higher than that.

Yes it is, as a startup we had huge growth. Helped bitcoin get known to the public. I think we've (allmost) come to the point where bitcoin needs to proof it can be a trustworhy currency and a valuable asset.

Sorry - but Bitcoin doesn't give a shit

And huge growth will bring more money to market.  Stability is a fair way off with such a relatively small market cap.

[Parazyd]

The best growth is a stable 0.5-2.0% per month I would think. A huge climb will shun people as much as a huge dip.

about 26% yearly growth, then? So far it's been rather a lot higher than that.

Yes it is, as a startup we had huge growth. Helped bitcoin get known to the public. I think we've (allmost) come to the point where bitcoin needs to proof it can be a trustworhy currency and a valuable asset.

Sorry - but Bitcoin doesn't give a shit

And huge growth will bring more money to market.  Stability is a fair way off with such a relatively small market cap.

Yup. If we hit $5000 a coin tomorrow, it can't be bad in any way.

[Globb0]

Bitcoin dreams in tatters here.

Crappy exchange Sharexcoin has gone offline with everyones BTC and a stack of other coins as well.  

FS why cant people just do honest work for stuff. another lesson learned.

As bitcoin goes more valuable the effort to scam will be much less than the effort to earn, I only see it getting worse. Can scams destroy everything?


Meanwhile back to near 0 BTC.

all very well the old dont invest what you cant afford to lose, but who can afford to just give away money? I know thats not how rich people get rich.

FS.

[kehtolo]

Shit man, what a bummer.

Sharex?? never heard of them. I think the lesson is to only use exchanges with a reputation and a good trading history.. Bitstamp, Kraken
And don't store much on them.

There was a similar story of some dodgy exchange in Singapore this week too..

[maok]

Bitcoin dreams in tatters here.

Crappy exchange Sharexcoin has gone offline with everyones BTC and a stack of other coins as well.  

sorry to hear that. I hope this is a reminder for others to never ever use any sort of altcoins, stick with the first and you'll be fine. Anything thats missing from Bitcoin can be implemented if the community is in agreement.

[DubFX]

Bitcoin dreams in tatters here.

Crappy exchange Sharexcoin has gone offline with everyones BTC and a stack of other coins as well.  

sorry to hear that. I hope this is a reminder for others to never ever use any sort of altcoins, stick with the first and you'll be fine. Anything thats missing from Bitcoin can be implemented if the community is in agreement.

"Never use altcoins cuz exchange have stollen your coins" wtf is that? What about first one and mtgox?

[maok]

"Never use altcoins cuz exchange have stollen your coins" wtf is that? What about first one and mtgox?

I was talking about a decentralized P2P protocol not an exchange site, altcoins offer nothing new in that regard, Sharexcoin being one of it.

[Parazyd]

Truth is, everyone is subject to be ripped off, it's a matter of trust.
People trusted to MtGox and they stole it all. I know this is a long shot, but it could happen with Bitstamp or Huobi, you can never be sure. Not that I'm saying that Bitstamp will declare bankruptcy, why would they?

Also altcoins, there really is no need in risking money with them. Maybe it's okay to mine those and exchange for BTC, but I would never actually buy altcoins with fiat. I can buy BTC instead.

[Miz4r]

Bitcoin dreams in tatters here.

Crappy exchange Sharexcoin has gone offline with everyones BTC and a stack of other coins as well.  

FS why cant people just do honest work for stuff. another lesson learned.

As bitcoin goes more valuable the effort to scam will be much less than the effort to earn, I only see it getting worse. Can scams destroy everything?


Meanwhile back to near 0 BTC.

all very well the old dont invest what you cant afford to lose, but who can afford to just give away money? I know thats not how rich people get rich.

FS.

That sucks man but why haven't you learned from the whole Gox debacle and keep most of your coins in your own wallet? Most of my coins are safely stored offline and the coins I do keep on exchanges are spread among several exchanges like Stamp, BTC-e and BTER. Rich people get rich by not keeping all their eggs in one basket and being smart.

[YipYip]

Orange circles are major price moves initiating smack in the middle of "Chinese night".
Must be them sleepwalking Chinamen, eh?

Check the volume plots at Huobi on those days...

But, hey, if you don't believe in China, that is fine.  I am just looking at the charts for fun, or the academic version thereof.  I hope that China pulls out from bitcoin soon, so that we have one less thing to disagree about. 

We probably disagree though in a different way than you think we do.

Since I trade, and my money is on the line as result, I can't afford to ignore the influence of Chinese traders. In other words, wishful thinking that "China is priced in already" or something like that will have a very real chance to hurt me, so I rather don't hold such silly believes.

On the other, there is the equally naive notion that "the West" slavically follows "China". Which seems to be your view of the current situation. And, for the same reason as above, that analysis is so dumb, it would cost me money as well, so I rather don't hold it either

leave the jorge bot alone ..it only results in more jorgism....

[Parazyd]

Orange circles are major price moves initiating smack in the middle of "Chinese night".
Must be them sleepwalking Chinamen, eh?

Check the volume plots at Huobi on those days...

But, hey, if you don't believe in China, that is fine.  I am just looking at the charts for fun, or the academic version thereof.  I hope that China pulls out from bitcoin soon, so that we have one less thing to disagree about. 

We probably disagree though in a different way than you think we do.

Since I trade, and my money is on the line as result, I can't afford to ignore the influence of Chinese traders. In other words, wishful thinking that "China is priced in already" or something like that will have a very real chance to hurt me, so I rather don't hold such silly believes.

On the other, there is the equally naive notion that "the West" slavically follows "China". Which seems to be your view of the current situation. And, for the same reason as above, that analysis is so dumb, it would cost me money as well, so I rather don't hold it either

leave the jorge bot alone ..it only results in more jorgism....

Is jorge now a verb? I'm going out for some jorging.

[Erdogan]

just sayin...

DUH!

wtf did you think was gonna happen?

So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?

It is scary to envision that you have no masters. What is the punishment for stealing yourself, again?

My point was/is that wealth is still going to be concentrated in a few, so plus ca change.  As usual everyone here thinks the ideal of democratic govt is a bad thing but I'm not sure I want to live is digital fiefdom where Goat, Risto et al are the new masters.

I'm not sure what "stealing yourself" means but if you mean "stealing from yourself" I'm still as confused.  But if you think the new world order driven by Bitcoin will have no masters then I would disagree strongly.  

Stealing yourself means, if you think your serf status is ethical, running away from the master.

If you think you are born free, you rather would say that you run away from the one who stole your freedom.

[YipYip]

Stamp! haha! stamp doesn't want to go up  

Calm before the shitstorm.

The weekend will probably be crazy movement and $700.

There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.

doesn't matter who creates them, if you're a bitcoin adopter and not a speculator its the best thing it can happen as we are getting price stability over an extended period of time, its wonderful news for us who want this technology for its properties not for speculation. Go walls go go!

No thanks, I want my BTC being able to buy a lot more.

Its called a SQUEEEZE ...when the MACD travel within the kneltner channels ...indicate that there will be a break up or break down ..

The longer it goes on the more energy is being built up ..think a steam engine .....

I think we all know which way it is going to go ...is a very bullish sign ..i.e the calm b4 the storm

So many pplz go ...so quiet is something wrong ..sorry it something right

[wachtwoord]

just sayin...

DUH!

wtf did you think was gonna happen?

So a global currency dominated by individuals such as Goat and Risto...a scary thought in some respects, don't you think?

A vast vast improvement over the current situation

[edwardspitz]

We're about to find out if this 1,200 BTC wall is real on Stamps

Might as well buy it all. One would profit from it for sure... I've spent all my Bitstamp fiat these days, will have to sell some to buy more. Just don't know what would be the right time. These days are so dead.

Who knows... maybe the Chinese will buy that wall for us.

There was some talk about a person who's creating those walls so he (or she) can buy up all the offers below his and profit that way.

Yes that would normally make sense. Things feel strange at the moment. Yesterday bots were buying at prices I found to be high. Also they were not attempting to push the price down like they usually do. It seemed to indicate that there is accumulating on a big scale and that they don't care if price is $670 or $630. Bot accumulation could maybe also be because 1w MACD is turning (I don't know how the bots operate). But I don't feel that explains the current state of affairs. One moment there is huge resistance, next small rallies, seemingly random dumps and lack of bid support. Also the last couple of days we have been following a support line that dates all the way back to 20th of may. If the exchanges are "inter arbitraging" (or what ever you call it) to overcome liquidity issues and keep the price stable, then maybe that can explain why things feel strange at the moment?