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

[inca]

Game over. ShroomsKit and mimimitech are out. Bitcoin is dead.

Oh NO they left the BTC game and sold they BTC.Bitcoin is gone for forever.It's dead!  LoL

They leave twice a month currently.

[freebit13]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

[ChartBuddy]

Explanation

[falllling]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

you will see $540 very soon, get ready for another excuse?

[JayJuanGee]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

http://en.wikipedia.org/wiki/Diffusion_of_innovations


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

My average buy-in price in is about $610... at the moment..... Surely, it is NOT comfortable to be in the red, but I have confidence and I am NOT planning to sell anytime soon b/c I cannot see prices being downwardly manipulated for too long... surely, we are getting some sustained lower prices today that were somewhat beyond my expectations....

My optimism about Bitcoin would begin to come into question if prices were to capitulate downward into the $200s... maybe getting below $270-ish for any length of time, would cause me to worry....

It seems that we are going to have a hard time getting BTC prices manipulated into the $400s in the coming weeks or months.... ... but NEVER say NEVER......

[Bagatell]

the fundamentals of Bitcoin haven''t changed at all.

If anything they have improved.

[fonsie]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

you will see $540 very soon, get ready for another excuse?

promises, promises, nothing but meaningless promises

[freebit13]

the fundamentals of Bitcoin haven''t changed at all.

If anything they have improved.

Exactly!

[Argwai96]

Interesting: https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

Looks like Ethereum coins are starting to be moved out of the "exodus" address. Now, I wonder if any of those coins will start making their way to exchanges.... :trollface:

[falllling]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

you will see $540 very soon, get ready for another excuse?

promises, promises, nothing but meaningless promises

nothing? the fact of market price crashing is nothing for you?
i won't tell you $540 is coming when the price is actually at $540, you do what i suggest now and will save $$$ later
if you haven't listened to me when it was $680 $650 $620 $5xx, then better do it now

[fonsie]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

you will see $540 very soon, get ready for another excuse?

promises, promises, nothing but meaningless promises

nothing? the fact of market price crashing is nothing for you?
i won't tell you $540 is coming when the price is actually at $540, you do what i suggest now and will save $$$ later
if you haven't listened to me when it was $680 $650 $620 $5xx, then better do it now

  Why on earth would I wanna save $? I'm trying to get rid of them, every single day those stupid things called $ are worth less.

[falllling]

Interesting: https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

Looks like Ethereum coins are starting to be moved out of the "exodus" address. Now, I wonder if any of those coins will start making their way to exchanges.... :trollface:

game is over, harder drops incoming! if people like fonsie aren't fooling others and did sell secretly behind, then they will lose everything

[falllling]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

you will see $540 very soon, get ready for another excuse?

promises, promises, nothing but meaningless promises

nothing? the fact of market price crashing is nothing for you?
i won't tell you $540 is coming when the price is actually at $540, you do what i suggest now and will save $$$ later
if you haven't listened to me when it was $680 $650 $620 $5xx, then better do it now

  Why on earth would I wanna save $? I'm trying to get rid of them, every single day those stupid things called $ are worth less.

even so it's still much much much better than bitcoin, bitcoin worths much less at every single second

[fonsie]

Interesting: https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

Looks like Ethereum coins are starting to be moved out of the "exodus" address. Now, I wonder if any of those coins will start making their way to exchanges.... :trollface:

game is over, harder drops incoming! if people like fonsie aren't fooling others and sell secretly, then they will lose everything

Don't worry, people like fonsie are not selling, because people like you say so, even if I'm in the RED more than you could ever buy BTC.

[fonsie]

From $555, the only way is up... I watched it draw a straight line on $555 a month or so ago and I'm sure it won't go lower. We're back to where we were a couple of months ago and people back then said we're going to zero and Bitcoin is still around and above &500.

Has anyone seen the network hashrate in the last week? ... that means value added to the network and to btc, don't let this floundering price turn you bearish, the fundamentals of Bitcoin haven''t changed at all.

you will see $540 very soon, get ready for another excuse?

promises, promises, nothing but meaningless promises

nothing? the fact of market price crashing is nothing for you?
i won't tell you $540 is coming when the price is actually at $540, you do what i suggest now and will save $$$ later
if you haven't listened to me when it was $680 $650 $620 $5xx, then better do it now

  Why on earth would I wanna save $? I'm trying to get rid of them, every single day those stupid things called $ are worth less.

even so it's still much much much better than bitcoin, bitcoin worths much less at every single second

Not from what I can see.

[ChrisML]

Interesting: https://blockchain.info/tx/1f2885265a89c6817867e842edf65c536f993c0aa0100a692700a34c81230051

Looks like Ethereum coins are starting to be moved out of the "exodus" address. Now, I wonder if any of those coins will start making their way to exchanges.... :trollface:

game is over, harder drops incoming! if people like fonsie aren't fooling others and sell secretly, then they will lose everything

Been here before. Played this game before. It is lretty easy you cumbucket.

You sit, you buy, you go long and you wait. Now ofcourse it gets pretty annoying when a cumgobbling walking dickface comes in.. And starts to talk nonsense.

Welcome to my ignore list, cumbucket.

[Searing]

I just went full bull retard. I bought 10 BTC worth of LTC! Let´s see how that works out, lol.

you are the man my friend...I myself am sitting in the corner ..coward that I am...
hoarding......I salute your big brass ones!

Searing

[oda.krell]

Also, to stay with your "coin laundering" example, why would there need to be *more* wallets as time progresses (unless adoption by criminals also increases)?

Because the wallets used would be disposable, single-use. I'm assuming a launderer savvy and paranoid enough to use anonymizers of one kind or another to connect to the wallet provider. They'd want to avoid reusing wallets to lower the risk of correllation analysis blowing their operation. Each transaction would therefore involve creating at least two new wallets.

Now, an automated system for something like this would probably stand out  other users, at least in sufficient volume. I don't know to what extent this is happening, but I do believe it is being done - it just makes sense. My point is, with activities requiring the constant creation of new wallets, you'd expect the number of wallets to keep rising even if the number of users did not increase.  Rate of change may be a more interesting statistic to look at.

Yeah, didn't phrase that clear enough, but that was exactly my point: exponential growth in key metrics means increasing rate of change. 'Automatized wallet creation', the way I see it, would explain only a constant (positive) rate of change. The gap is (presumably) due to increase in usage.

[Argwai96]

This is a huge support..... and nobody's buying. Huobi got a bear flag going. I don't think we have hopes for a double bottom here. I think we're going downtown. Just my two cents.

[Wary]

ah, big players, whales and other mythical beings.

well, market does not give a fukk about them.

...until they paint the ticker. What if some big player in accumulation mode is buying directly from pools/OTC, maybe with the 'excuse' that is an ETF/institutional investors who wants just 'clean'/virgin coins. They would use an exchange price as reference so the accumulator would have a big incentive to sell some on the exchanges while buying more OTC to buy as low as possible.

+1 This is what I have been saying too.

I've thought about this theory for quite a while now. The only thing I can't figure out is how many coins they are buying from miners. The most they can buy from a large mining group that doesn't pay out its individual pool members is under 800 coins a day. So why dump so much to only get 800 coins for such a small discount?

They may be selling coins they were accumulating for months.  800*30*n may be worth a dump.