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

[mjk79]

Of all the exchanges which would be the best or most preferred to trade on? Or do people just have accounts on all of them?

MtGox is good.... 

Thanks I'm not quite that new..

Maybe Bitstamp/Coinbase?  where are you based?

US, I'm on Coinbase but I was wondering if there's a better exchange for trading with more options.

[seleme]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

[Newbie1022]

I mean, just for f---ing up my life for the past week my dollar valuation of a Bitcoin is discounted at least $50. For f---s sakes, have you no decency whaletards.

[Davyd05]

Of all the exchanges which would be the best or most preferred to trade on? Or do people just have accounts on all of them?

MtGox is good.... 

Thanks I'm not quite that new..

Maybe Bitstamp/Coinbase?  where are you based?

US, I'm on Coinbase but I was wondering if there's a better exchange for trading with more options.

https://www.kraken.com think its run out of San Fran, correct me if I am wrong. Seems like a decent option state side...not sure about fees and such though

[Walsoraj]

For whatever it's worth, I'm buying right now.^fn1



















*edit*

¹ XRP  

[Newbie1022]

For whatever it's worth, I'm buying right now.

That's cool, bro. Word on the street is that nobody has a f---ing clue what is going on. That is different than fear (capitulation). Basically, we've had a non-functioning market all day due to a different type of manipulation. So now once we move people will be more erratic in one direction or another. I am not touching this with a ten foot pole that has giant ten foot condoms on it. This market has herpesgonnhasyphilAIDS right now.

Those are my thoughts, for what they are worth.

[seleme]

The fact that such crazy and persistent buying wall haven't move this thing a bit shows in what state the market is. Shocking really. No news at all and we're as powerless as we have ever been in 18 months since I'm in Bitcoin.

[windjc]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

Please, stop with the passive aggressive BS.

If have bought and sold this market on its way up and on its way down. Some bad trades, mostly good.

[Newbie1022]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

Please, stop with the passive aggressive BS.

If have bought and sold this market on its way up and on its way down. Some bad trades, mostly good.

Look, somebody invited Wall Street and they are dicking us over right now. That's no one on here's fault.

[windjc]

The fact that such crazy and persistent buying wall haven't move this thing a bit shows in what state the market is. Shocking really. No news at all and we're as powerless as we have ever been in 18 months since I'm in Bitcoin.

We are powerless because people aren't putting money in Bitstamp and we have no idea what volume is actually happening in China. The markets are essentially dead.

[windjc]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

Please, stop with the passive aggressive BS.

If have bought and sold this market on its way up and on its way down. Some bad trades, mostly good.

Look, somebody invited Wall Street and they are dicking us over right now. That's no one on here's fault.

Bullshit. There havent been a lot of sellers. Its just leveraged longs unwinding and traders getting the hell out of the way. Volume has been shit on both sides. No one is MANIPULATING anything. Only idiots think this.

Right now there is not enough steady money coming into the markets to maintain the price. So the price collapses under its on weight. NO NEWS. See, news doesnt really matter. Money coming into the market is what matters.

[seleme]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

Please, stop with the passive aggressive BS.

If have bought and sold this market on its way up and on its way down. Some bad trades, mostly good.

No, you stop with aggressive advices to people here on bottoms and tops.

YOu might have sold and bought good though I don't care but your bearish aggressive preaching at April bottom, and even more bullish aggressive one at June/July top could have made someone to sell and buy extremely bad.

2-3 weeks ago you were putting your mouth into everyone's face if someone dared to note that moon isn't around the corner, 4 months ago you were aggressively promoting total collapse of the market week before it went up 50% and you still have courage to play smart guy image now (even if I think that you might be right this time).

Just shut the fuck up and stop acting like you solved trading.

[Newbie1022]

The fact that such crazy and persistent buying wall haven't move this thing a bit shows in what state the market is. Shocking really. No news at all and we're as powerless as we have ever been in 18 months since I'm in Bitcoin.

We are powerless because people aren't putting money in Bitstamp and we have no idea what volume is actually happening in China. The markets are essentially dead.

I know. Right now we have a market failure... it is more or less not operating at all and is being kept in one place through manipulation or brought up and down for no reason because of manipulation. Honestly, I'd be more ok with a price drop or spike than this. This cuts not at where the price will go in the next couple days, but to the fundamental value of Bitcoin. These whales need to cut this s--- out, Wall Street needs to go f--- itself, we should stop playing ball with regulators because they keep screwing us, and we should rebuild our underground/black market sector because these above board, supposedly law abiding players are way more crooked than the underground ever was.

[derpinheimer]

Hmmm, interesting activity on BFX. Both Stamp and BFX have some major bid support that formed after the dip into $450s. Perhaps this is the bottom where a true bull trap forms.

In less than 24 hours after the dumps, nearly $3m of bids have been added on BFX, and just over $2m on Bitstamp. Thats pretty healthy.

Then again, BFX got an 11k BTC ask wall today.

Here is a sloppily edited image showing what the asks looked like 24hrs ago, and the fuller blue being the asks after the 11k "wall"



Pretty odd. Seems fake. Pretty crazy it still looks that steep on log mode (the chart is sloppy but the lines are 99% in the right spot.)

[Newbie1022]

How miserable is the board? Haven't been here the last day or two.

Just curious. Is everyone prepared for the possibility of retesting 420, 340 and 260? Is everyone ready to test <$260?

Not saying its going to happen, I'm just saying you might want to PREPARE yourself mentally and emotionally with that reality. You might want to have a gut check NOW instead of waiting until one of those scenarios plays out.

A few months ago when we recovered off the lows at 340 there was a lot of optimism around - things were just playing out like normal. Currently, some people STILL think its playing out like "normal" that we won't go below 420 or 340 or lower. Just can't happen.  Well that MIGHT be true. But what if its not??? ---> are you ready for that possibility??

If I was you, I'd have that conversation with myself soon. Because within the next month, its a possibility.

I thought we are going to moon, you told us so at 650.

Please, stop with the passive aggressive BS.

If have bought and sold this market on its way up and on its way down. Some bad trades, mostly good.

No, you stop with aggressive advices to people here on bottoms and tops.

YOu might have sold and bought good though I don't care but your bearish aggressive preaching at April bottom, and even more bullish aggressive one at June/July top could have made someone to sell and buy extremely bad.

2-3 weeks ago you were putting your mouth into everyone's face if someone dared to note that moon isn't around the corner, 4 months ago you were aggressively promoting total collapse of the market week before it went up 50% and you still have courage to play smart guy image now (even if I think that you might be right this time).

Just shut the fuck up.

Easy, easy, easy... it's not like he is Risto who is still selling people $10k within a year or two magic beans. He's just trying to cope probably with his own losses my articulating his views on the Board. I know I've said a few things on here that were sort of predictions, even though I am properly titled Newbie, and it is just so I can clear my thoughts and/or have someone call me on it if I am way off. Sorry you are having such a terrible day. I feel for you. Truly.

[Walsoraj]

Hmmm, interesting activity on BFX. Both Stamp and BFX have some major bid support that formed after the dip into $450s. Perhaps this is the bottom where a true bull trap forms.

In less than 24 hours after the dumps, nearly $3m of bids have been added on BFX, and just over $2m on Bitstamp. Thats pretty healthy.

Then again, BFX got an 11k BTC ask wall today.

Here is a sloppily edited image showing what the asks looked like 24hrs ago, and the fuller blue being the asks after the 11k "wall"



Pretty odd. Seems fake. Pretty crazy it still looks that steep on log mode (the chart is sloppy but the lines are 99% in the right spot.)

Looks doubly fake to me, and therefore not fake. 

[X7]

Hmmm, interesting activity on BFX. Both Stamp and BFX have some major bid support that formed after the dip into $450s. Perhaps this is the bottom where a true bull trap forms.

In less than 24 hours after the dumps, nearly $3m of bids have been added on BFX, and just over $2m on Bitstamp. Thats pretty healthy.

Then again, BFX got an 11k BTC ask wall today.

Here is a sloppily edited image showing what the asks looked like 24hrs ago, and the fuller blue being the asks after the 11k "wall"



Pretty odd. Seems fake. Pretty crazy it still looks that steep on log mode (the chart is sloppy but the lines are 99% in the right spot.)

Looks doubly fake to me, and therefore not fake. 

[seleme]

But that guy at bfx managed to calm the market for sure. I'd give a penny for his thoughts.

[derpinheimer]

Also I'm stupid and that isnt log. The random intervals at the bottom confused me. (1250, 2500, 5000, 10000)

[Walsoraj]

But that guy at bfx managed to calm the market for sure. I'd give a penny for his thoughts.

Probably Tim Draper protecting his investment.