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

[av123]

$600 in 3...2...1....

[wachtwoord]

Now playing: https://www.youtube.com/watch?v=Di5NSU5yuKE

[samsonn25]

Touching $575 today is a good thing the daily ema.

[Bitcoin_is_here_to_stay]

Perhaps he is right after all?
https://www.tradingview.com/v/qm7cnu9V/

He is so wrong .

There is many ways to look at that graph but that way is not in them .

Actually he is currently short term bull, thinking that it will go to 660 soonish:

https://i.imgur.com/8BfS5U9.png

He is changing his targets and predictions 7 times a day. Then one makes good and he wanks on the sofa because everyone says DanV is so cool.

If we get to 300$, then he'll have some credibility with me though. So far he is just throwing things around like each TAer - if we go to there, then we might go to there. But if we go to there, than there is a chance we might visit there. bla-bla. And all that while not being invested into Bitcoin at all.

Yes after breakfast he is telling bitcoin will crash and burn . Than he eats dinner and tells us no it will go to the moon ...
Every single graph u can read as crash and burn trend, or to the moon trend . Its all in the eye of observer .

He has been changing his view on the short term development, but he has been firm that $340 was not the final bottom. Until yesterday, I was convinced he was wrong, but I am not so sure today.

BTW, I think it is to his advantage that he is not invested in btc at all - he can analyze the price without all the emotions. He was also one of the very few who was predicting the crash among euphoria of >$1000 prices at the end of last year

[shmadz]

$600 in 3...2...1....

lol, market is indeed looking up, just a dead cat bounce, or is this SR 2.0?

bitcoin: never a dull moment.

nice little wall at stamp at 586 atm

[hmmmstrange]

If we rebound now it's like SR all over again.

you know what? when SR first got busted I thought that if they actually ever went through on the auction it would be bullish.

I thought that it would give bitcoin an air of legitimacy in the public eye that their gov't is earning 15 million dollars from selling bitcoin.

This auction should get a TON of news, and it shows the impression that the US gov't is totally fine and comfortable with buying and selling bitcoin.


It would be so cool if this is just a SR type dip. These are the silk road coins after all.

 

By selling the bitcoins, the government is setting and or affirming the legality of bitcoin.

[HerrAndreas]

Some of you guys and ladies here have some very sophisticated ways of going about your trading.
I do not know any of that complicated TA (but learning...), but I sold and bought back the same handfull of coins 7 times in a row in the last 2 hours and it felt really good

[faalhaas]

If we rebound now it's like SR all over again.

you know what? when SR first got busted I thought that if they actually ever went through on the auction it would be bullish.

I thought that it would give bitcoin an air of legitimacy in the public eye that their gov't is earning 15 million dollars from selling bitcoin.

This auction should get a TON of news, and it shows the impression that the US gov't is totally fine and comfortable with buying and selling bitcoin.


It would be so cool if this is just a SR type dip. These are the silk road coins after all.

 

By selling the bitcoins, the government is setting and or affirming the legality of bitcoin.

Why would they sell while they make a ton more money by promoting legality and after that selling?

[shmadz]

If we rebound now it's like SR all over again.

you know what? when SR first got busted I thought that if they actually ever went through on the auction it would be bullish.

I thought that it would give bitcoin an air of legitimacy in the public eye that their gov't is earning 15 million dollars from selling bitcoin.

This auction should get a TON of news, and it shows the impression that the US gov't is totally fine and comfortable with buying and selling bitcoin.


It would be so cool if this is just a SR type dip. These are the silk road coins after all.

 

By selling the bitcoins, the government is setting and or affirming the legality of bitcoin.

even better, it sets a precedent favourable to the ultimate fungibility of bitcoin. It shows the impression that there will be no black-listing of coins.

after all, if the gov't can spend their ill-gotten gains, why can't the rest of us?

[ChrisML]

Smell that $666? Mmmm mjes I can. Lets go bishes.

[kryptopojken]

Stamp 586
Huobi 614

pretty sick

[shmadz]

Smell that $666? Mmmm mjes I can. Lets go bishes.

slow down there pard'ner

we need to eat the wall at 586 first, then digest for a while before tackling satan again.

[shmadz]

Stamp 586
Huobi 614

pretty sick

holy crap! I didn't even notice!

is stamp really sick?

finex 610
btc-e 595

virtex 640, lol

[MICRO]

Smell that $666? Mmmm mjes I can. Lets go bishes.

slow down there pard'ner

we need to eat the wall at 586 first, then digest for a while before tackling satan again.

That wall is going down ! And i am going to bed. Will be interesting what i will see when i wake up .

[wachtwoord]

Smell that $666? Mmmm mjes I can. Lets go bishes.

slow down there pard'ner

we need to eat the wall at 586 first, then digest for a while before tackling satan again.

That wall is going down ! And i am going to bed. Will be interesting what i will see when i wake up .

Less than 1k to $600 already

[kryptopojken]

Stamp 586
Huobi 614

pretty sick

Shouldn't arbitrage be eating that wall away?

not if they don't believe the other exchanges have/allow easy withdrawal of fiat

[byronbb]

Lol the bitcoin market is so irrational.

[Richy_T]

Explanation

The green is about to title wave the red

Depth down a lot.

[shmadz]

Stamp 586
Huobi 614

pretty sick

Shouldn't arbitrage be eating that wall away?

Unless there are some real problems at stamp... have you seen the requirements for stamp accounts lately?


but yeah, it's not only that. I blame the legacy banking system for the current inefficiencies in the market.

I wish someone on a TV interview, when asked that dreaded question "but the volatility..." would just get up out of his chair and yell into the camera.

"If you stupid looters would just let us do our business in peace, we could effectively arbitrage the system and absorb shocks and provide stability.

We are only being held back by your interference!"

[hyphymikey]

Now that we are in reverse it is only a matter of time before someone arbs by buying up all the cheap coins on stamp and dump on the higher exchanges. Equilibrium looks above 600 as of now.