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

[Searing]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

It is mind work. It consist of stretching out on the sofa, occasionally go to the screen and enter to_da_moon, sometimes endure deep despair, some euforia. That is how we build the future of money. It deserves to be rewarded, and quickly.

It is true ..I'm such a 'sock puppet' for bitcoin....and a pretty 'asic machine' all the whirly sounds...and the pretty LCD lights etc'

frack

I"m a bitcoin slut/groupie obviously need serious help.....must seek out banker.....gasp too late I've turned already! Ack! (cool cape though..like the fangs)

Searing

[conspirosphere.tk]

I get that but why would it suddenly rise?

because it already happened twice, and many expect at least another bubble. So if we break 666/700 many could see another train leaving the station. Then add that miners cannot sell at a loss for long, and difficulty keeps going up.

I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.

Because in order to gain is essential to enter and exit a trade before the majority. When the train leaves, a run to jump in would be much in the cards.

And the problem is tons of people with tons of coins are expecting this as well. When it turns out nothing is gonna happen then guess what those people will do.

the whales already had lots of time and much lower prices to panic and dump.  Maybe someone did dump on the way down this spring -to buy back lower and milk the small-timers I guess. I'm sorry I did not, but I'm definitely not a whale, just small-fry.

They way i see it is if we don't go up soon we might crash hard.
A lot of people will move their money to something else.

do you see many better investment opportunities?

[YogoH]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

It is mind work. It consist of stretching out on the sofa, occasionally go to the screen and enter to_da_moon, sometimes endure deep despair, some euforia. That is how we build the future of money. It deserves to be rewarded, and quickly.


[/quotes]

Look, I'm all for changing the world and improving mankind through technical innovations but just sitting on a forum bitching the price isn't making you rich by tomorrow is just greedy and not in the spirit of bitcoin at all. We must improve as a community as well as we improve the ecosystem as a whole.

Bitcoin price has been amazingly bullish as a whole. These price movements people bitch about are just static and noise. Go do something productive that adds value to the network instead of being an ungrateful leech. 

Also I'm on my phone so this formatting got ducked up.

[ShroomsKit]

I get that but why would it suddenly rise?

because it already happened twice, and many expect at least another bubble. So if we break 666/700 many could see another train leaving the station. Then add that miners cannot sell at a loss for long, and difficulty keeps going up.

I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.

Because in order to gain is essential to enter and exit a trade before the majority. When the train leaves, a run to jump in would be much in the cards.

And the problem is tons of people with tons of coins are expecting this as well. When it turns out nothing is gonna happen then guess what those people will do.

the whales already had lots of time and much lower prices to panic and dump.  Maybe someone did dump on the way down this spring -to buy back lower and milk the small-timers I guess. I'm sorry I did not, but I'm definitely not a whale, just small-fry.

They way i see it is if we don't go up soon we might crash hard.
A lot of people will move their money to something else.

do you see many better investment opportunities?

It makes sense what you are saying but i'm not convinced. I sure hope you're right.

[Erdogan]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

It is mind work. It consist of stretching out on the sofa, occasionally go to the screen and enter to_da_moon, sometimes endure deep despair, some euforia. That is how we build the future of money. It deserves to be rewarded, and quickly.

Look, I'm all for changing the world and improving mankind through technical innovations but just sitting on a forum bitching the price isn't making you rich by tomorrow is just greedy and not in the spirit of bitcoin at all. We must improve as a community as well as we improve the ecosystem as a whole.

Bitcoin price has been amazingly bullish as a whole. These price movements people bitch about are just static and noise. Go do something productive that adds value to the network instead of being an ungrateful leech. 

Also I'm on my phone so this formatting got ducked up.

For the common good - Heil Hitler!

[YogoH]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

It is mind work. It consist of stretching out on the sofa, occasionally go to the screen and enter to_da_moon, sometimes endure deep despair, some euforia. That is how we build the future of money. It deserves to be rewarded, and quickly.

Look, I'm all for changing the world and improving mankind through technical innovations but just sitting on a forum bitching the price isn't making you rich by tomorrow is just greedy and not in the spirit of bitcoin at all. We must improve as a community as well as we improve the ecosystem as a whole.

Bitcoin price has been amazingly bullish as a whole. These price movements people bitch about are just static and noise. Go do something productive that adds value to the network instead of being an ungrateful leech. 

Also I'm on my phone so this formatting got ducked up.

For the common good - Heil Hitler!

Lol. The best thing  about bitcoin is that it's neutral. There is no face. It can and will be supported by all types of people. From terrorists to politicians to soccer mom's. Bitcoin doesn't care, and will do its job.

[Torque]

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

There is good news flowing everyday still we are not moving that's really some worry part.

Exactly. None of the good news did anything to the price whatsoever. Yet people expect the price to magically go up sometime soon. I sure hope this magic will happen but i just can't find a reason for it.

Try to be more patient. It's difficult to say exact day when the next major rise will happen. If you think about it, Silk Road was not so big reason for Bitcoin to rise 10x. Most people are sheeps and they follow the people they control the market...It is simple...When big whales will want it to happen, it will happen and sheeps will follow...maybe i am wrong though, but i think patient is the key in Bitcoin investing.

I get that but why would it suddenly rise? I can see it happen slowly over time but why is there this idea that sometime soon we'll see an explosion? I don't see a reason for it.
And the problem is tons of people with tons of coins are expecting this as well. When it turns out nothing is gonna happen then guess what those people will do.
They way i see it is if we don't go up soon we might crash hard.
A lot of people will move their money to something else.

That in bold above

Honestly if you don't see how it will rise, you haven't really researched the last 2 bubbles.  Whale investors suddenly appeared out of nowhere, and started seeding the market by buying up large amounts of btc.  High volume suddenly appeared in the market for no real reason.  With the sudden and pronounced price rise, then all the Joe Public fence sitters and panic buyers jumped in.  Then the media followed.  Then more panic buying. It's really that simple.  Then in hindsight, the media and the community wanted to come up with valid reasons for the bubbles (Oh it was Cyprus, Oh it was China, etc.).  After the bubble declined, these whale market makers completely left the scene.  I haven't seen evidence of them back in the market yet.

So the more interesting question to ask is, "What in the market conditions will make the whale investors think the time is right to suddenly appear out of nowhere, and start seeding the market again?"  My theory is that they simply look for a few key indicators that the market has reversed (like 1W MACD, etc.), extrapolate the growth of bitcoin awareness factor from the last bubble (by looking at bitcoinpulse metrics, etc.), and have some insider trading knowledge on major events that are coming up.  Then they use a combination of all this information to help 'engineer' a bubble.

[ChartBuddy]

Explanation

[edwardspitz]

A lot of buying going on at Finex today. It is like Finex lives in a world of it's own, pretty much disconnected from movements on other exchanges. When price goes down everywhere else Finex pushes in the opposite direction The latest buying made on Finex must be from someone who believe that a new bubble is just around the corner.

I think the mini dumps (if you can call 250 BTC a mini dump) on Stamp and Finex are coins that were purchased on Huobi (or OKCoin). That briefly pushed the price up on Huobi+OKCoin and shortly after price went down on Stamp due to a dump. I think there are some strong forces at play who believe that the price should go down from the current level. But the purchase on Finex also shows that bulls are fighting back. But only at Finex as far as I can see. Stamp was accumulating a little yesterday, but the volume was very low and the selling pressure is still high. There has been no real accumulation on the Chinese exchanges as far as I can tell.

The coin purchase at Houbi may not have been done because seller/manipulator is running out of coins to sell. Doing a pump and dump on Houbi and later dumping the remaining coins on Stamp and Finex may have been profitable and also worked towards a long term goal to push the price down. This is pure speculation, but it is the best I can come up with

[EuroTrash]

A comment to the WSJ article on RealCoin notes that there was already an altcoin with that name, which is already dead

yup

And people may think that it is pegged to the real rather than the dollar... 

I swear, that's the first thing I tought of, when I read the name. That and the bad history of hyperinflation in Brazil's most recent decades. The irony.

[wachtwoord]

And people may think that it is pegged to the real rather than the dollar... 

I swear, that's the first thing I tought of, when I read the name. That and the bad history of hyperinflation in Brazil's most recent decades. The irony.

Same here, what good name picking. What was he thinking anyway? What makes his coin more (or less) "real" than any other crypto? Some are worse than  others, but they're all real ...

[EuroTrash]

just sayin'

http://redditmetrics.com/r/bitcoin

Trending now! 2,292 new subscribers today, 1,429% trend score

 

(sorry for repetition)

[dreamspark]

just sayin'

http://redditmetrics.com/r/bitcoin

Trending now! 2,292 new subscribers today, 1,429% trend score

 

(sorry for repetition)

No reason for it though, most are saying that its probably sock puppet accounts.

[roslinpl]

And just another day in a paradise (for those who want to buy some cheap coins )

...

[EuroTrash]

The coin purchase at Houbi may not have been done because seller/manipulator is running out of coins to sell. Doing a pump and dump on Houbi and later dumping the remaining coins on Stamp and Finex may have been profitable and also worked towards a long term goal to push the price down. This is pure speculation, but it is the best I can come up with

Or, maybe some Chinese higher class was in a hurry of making his yuans disappear and just used bitcoins to launder them into dollars, avoiding capital controls.

[EuroTrash]

just sayin'

http://redditmetrics.com/r/bitcoin

Trending now! 2,292 new subscribers today, 1,429% trend score

 

(sorry for repetition)

No reason for it though, most are saying that its probably sock puppet accounts.

I do think so as well, because the number of users currently connected (which I always check every time I am there) is not really trending up.
But still. A massive amount of sockpuppets does have a purpose, which I'm afraid we will discover in time.

[ChartBuddy]

Explanation

[ElectricMucus]

The ISIS association was big news apparently.

The ISIS thing is a big thing in the MSM, there is something about it even in the smallest newspapers today.

[Erdogan]

You guys are fucking crazy.  Bitcoin has gone from 10$ to 600$ in 2 years and you guys are sitting here bitching its not moving fast enough?


Just get it out of bitcoin now. You people don't deserve wealth.

It is mind work. It consist of stretching out on the sofa, occasionally go to the screen and enter to_da_moon, sometimes endure deep despair, some euforia. That is how we build the future of money. It deserves to be rewarded, and quickly.

Look, I'm all for changing the world and improving mankind through technical innovations but just sitting on a forum bitching the price isn't making you rich by tomorrow is just greedy and not in the spirit of bitcoin at all. We must improve as a community as well as we improve the ecosystem as a whole.

Bitcoin price has been amazingly bullish as a whole. These price movements people bitch about are just static and noise. Go do something productive that adds value to the network instead of being an ungrateful leech. 

Also I'm on my phone so this formatting got ducked up.

For the common good - Heil Hitler!

Lol. The best thing  about bitcoin is that it's neutral. There is no face. It can and will be supported by all types of people. From terrorists to politicians to soccer mom's. Bitcoin doesn't care, and will do its job.

Yep. World money is desperately needed.

[gentlemand]

The ISIS association was big news apparently.

The ISIS thing is a big thing in the MSM, there is something about it even in the smallest newspapers today.

What is MSM?

MainStream Media.