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

[Parazyd]

4h and 1h MACD suggest a moderate dump possible in the next hours.

Possible or likely?

The price is very healthy at 590-600$, it shows there are a lot of new buyers and that those who hold believe in the coin and will hold until 1000$ for some, a few thousands for others and more for some

Doesn't mean anything, we'll still be stuck at 600ish.

[madmat]

4h and 1h MACD suggest a moderate dump possible in the next hours.

Possible or likely?

The price is very healthy at 590-600$, it shows there are a lot of new buyers and that those who hold believe in the coin and will hold until 1000$ for some, a few thousands for others and more for some

Doesn't mean anything, we'll still be stuck at 600ish.

Stuck to 600 till auction results. After that, todamoon.

[wachtwoord]

600 wall gone on stamp

edit: never mind 

Sike!?

That's quite a big wall and it's unlikely to be manipulation as the auction closed already.

[Parazyd]

4h and 1h MACD suggest a moderate dump possible in the next hours.

Possible or likely?

The price is very healthy at 590-600$, it shows there are a lot of new buyers and that those who hold believe in the coin and will hold until 1000$ for some, a few thousands for others and more for some

Doesn't mean anything, we'll still be stuck at 600ish.

Stuck to 600 till auction results. After that, todamoon.

Mentioning the auction, has any info been released?

[molecular]

4h and 1h MACD suggest a moderate dump possible in the next hours.

Possible or likely?

The price is very healthy at 590-600$, it shows there are a lot of new buyers and that those who hold believe in the coin and will hold until 1000$ for some, a few thousands for others and more for some

Doesn't mean anything, we'll still be stuck at 600ish.

Stuck to 600 till auction results. After that, todamoon.

Mentioning the auction, has any info been released?

Nothing substantial afaik. Only Silbert mentioned some data about the syndicate bids. But only counts (42? really?), not sizes.

[fonzie]

http://newsbtc.com/2013/12/27/indian-authorities-reportedly-raided-buysellbitco-bitcoin-exchange/

[ChartBuddy]

Explanation

[deadley]

http://newsbtc.com/2013/12/27/indian-authorities-reportedly-raided-buysellbitco-bitcoin-exchange/

Its a very old news, after that nothing happened. RBI just said that becautios about Bitcoin trading.

[fonzie]

Its a very old news, after that nothing happened. RBI just said that becautios about Bitcoin trading.

Indie has a complete different time zone, so it´s actually almost fresh news!   

[ShroomsKit]

Finally!!

"Gov. Brown signs bills legalizing Bitcoins use, other legislation.
AB 129 will allow Bitcoins and other digital currency to be legally used in transactions in California by repealing a provision of state law that bars the use of "anything but the lawful money of the United States."

Assemblyman Roger Dickinson (D-Sacramento) said the new law he wrote only recognizes what is already happening.

“In an era of evolving payment methods, from Amazon Coins to Starbucks Stars, it is impractical to ignore the growing use of cash alternatives,” Dickinson said in a recent statement."

http://www.latimes.com/local/political/la-pc-brown-legis-20140628-story.html

O WoW, very good news!

Yes awesome. You know if there is good news by the price going down.

[deadley]

Its a very old news, after that nothing happened. RBI just said that becautios about Bitcoin trading.

Indie has a complete different time zone, so it´s actually almost fresh news!   

lol, its more then 6 months old news and you posting now.

[ShroomsKit]

So the moment we went over 600 something triggered a mass sell off in China. We instantly go back under 600 and someone puts up a wall to make sure we stay there.
Always nice to know there is 1 person or 1 group of people who control the whole market and stop us from going up.

[Searing]

So the moment we went over 600 something triggered a mass sell off in China. We instantly go back under 600 and someone puts up a wall to make sure stay there.
Always nice to know there is 1 person or 1 group of people who control the whole market and stop us from going up.

er an that is different from the 'real world' how? (sorry being socialistically  cynical at this time of the am)

must admit thou in the bitcoin maket place there is no subtlety at all ...just blam whale movement! 

Searing

[lebing]

So the moment we went over 600 something triggered a mass sell off in China. We instantly go back under 600 and someone puts up a wall to make sure stay there.
Always nice to know there is 1 person or 1 group of people who control the whole market and stop us from going up.

Interesting that China sold on the USD price...

And yeah there are always going to be people trying to manipulate. The fact that we potentially have manipulators in China is actually a good thing as it makes it far less likely for the whales to all collude together.

[JorgeStolfi]

"Gov. Brown signs bills legalizing Bitcoins use, other legislation.
AB 129 will allow Bitcoins and other digital currency to be legally used in transactions in California by repealing a provision of state law that bars the use of "anything but the lawful money of the United States."
[ ... ]
http://www.latimes.com/local/political/la-pc-brown-legis-20140628-story.html

Does that law mean that the Bitcoin Network now needs a money transmission license from California to accept transactions from that state? 

(This is not entirely a "" question... having bitcoin classified as money may bring problems as well as benefits.  And doesn't it contradict the IRS stance that bitcoins are property, not money?)

That law looks like something that Brock Pierce (California resident AFAIK, and former boss of the game money market) may have wanted.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[Torque]

So the moment we went over 600 something triggered a mass sell off in China. We instantly go back under 600 and someone puts up a wall to make sure stay there.
Always nice to know there is 1 person or 1 group of people who control the whole market and stop us from going up.

Interesting that China sold on the USD price...

And yeah there are always going to be people trying to manipulate. The fact that we potentially have manipulators in China is actually a good thing as it makes it far less likely for the whales to all collude together.

A good thing?  It never occurred to you that one whale, the same whale, can have multiple accounts on multiple exchanges (even those in China), allowing him to play multiple sides of the market simultaneously and do arbitrage?  And effectively being able to play whack-a-mole on multiple exchanges at the same time?

But I'm sure all of this bogus manipulation is somehow a "good thing".    

[shmadz]

And now for something completely different

http://youtu.be/WMQg546agpU

[YogoH]

Did you guys see this from OKcoin on reddit?

http://www.reddit.com/r/Bitcoin/comments/29dkao/if_someone_can_give_more_insight_on_china_is/cijwyj3