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

[JorgeStolfi]

Until we say fuck China and stop following their fake volume exchanges this will always be the same. Stamp/Finex should say screw them.  Right now the price and value of the entire btc network is controlled by a fake volume trading bot in China, pretty scary really.

It is not the exchanges' choice, of course.  Some traders -- arbitragers -- keep the exchanges linked, by buying cheap bitcoins on one exchange and selling them with profit on another, until the prices match.  How could someone stop that?

The Chinese exchanges have better liquidity, so the price in the West tracks the price in China, rather than the other way around.  Calling their volume "fake" will not change that.

[oda.krell]

YOU seem to be giving wwwwwwaaaaaaaayyyyy too much credit to bears.

Naaah... he's right. Bulls are all-in all the time anyway. It's the bears who are sitting on fiat. Maybe offer them free handjobs or something, and they'll buy back in :D

[JayJuanGee]

One last design added to my store


All sales commission (a lousy 10%) goes towards replacing the coins stolen by Brewster et al.

Bitcoin not to be associated with a murdering c*nt pleasethankyou.

a symbol  of liberation.. depending on perspective.

[empowering]

Point of no return

http://www.bbc.co.uk/news/world-europe-28993873

aint nato joke

Maybe the EU will impose more sanctions, that will teach Putin.
Wait, they might send a strongly worded letter.

The Russians will do what they want because Europe is a tiger with no teeth, no fangs.  The US cares, but is too busy.

Conspiracy theory: Russia funds and trains ISIS just to keep the US out of the conflict.

Meh. Not the biggest friend of EU in its current form, but also don't think your description is entirely fair.

What is anyone supposed to do, US or EU? Go to war? With a nuclear superpower, over a territory that is neither part of the EU, nor NATO?

Seriously, what are the realistic options on how to handle this? Don't just say "send military support, under the radar". That doesn't really work in Russia (the "under the radar" part, I mean), so it sure won't work in the Union.

Any military support will be out in the open. And I can see two scenarios: Russia is impressed, and backs down. Or the conflict escalates.

Now, how high is the probability that it'll escalate? Let's say, up to nuclear escalation. Unlikely, maybe. But there was a reason for the way the US and the USSR avoided direct confrontations during the cold war... let's not pretend everything is completely different now, just because Russia is a democracy now, on paper at least.

Realistically, sanctions and diplomatic pressure are the only option I see - although I'd prefer the US and EU would impose more severe sanctions than what we've seen so far.

Realistically I do not think we need to duck and cover just yet, but also this situation is far from undercontrol, and Putin is a smart cookie... Obama and Cameron on the otherhand... super fly weights.

Thing is , Russia today is not the Russia of yesteryear, they can now provide most of what they need, and have enough other allies that they can survive easily with our US or the EU and their sanctions..   so I am not sure how effective more severe sanctions will be...  

[empowering]

I will be surprised if this all works out atm too..  it is not the first time we have been here..

http://www.bbc.co.uk/news/world-middle-east-28997452

[bitcodo]

Point of no return

http://www.bbc.co.uk/news/world-europe-28993873

aint nato joke

Does anybody knows if China did bought 5% of Ukraine land at the end of 2013. China is everywhere. In Bitcoin, Ukraine,... maybe they will ban Ukraine, just like they did Bitcoin.

[JayJuanGee]

Once per week, the market just makes no sense to me.
The price edges slowly up on small buys to 515.  Walls appear, price drops, walls drop, price drops. Predictable.
Walls get eaten, price jumps most of the way back to 515 in minutes.  Predictable.
Instead of eating the minor remaining resistance to 525 or 530, the market drops back to/below the price with walls.  Weird.

BTC markets are tough to figure out.

its a very complex system. a "new asset class", nothing moves like bitcoin, because nothing compares to bitcoin.

poeple say bitcoin is traded heavily on technicals, which is definitely true. but there is always these elements of surprise, and its easy to get trapped, feels like its compound nested loop of traps out there...

i like to keep it simple.

while(value > 0) { buy buy buy!!! }

because its really happening, 13 years from now it wont make any difference if you bought at 500 or 1000, you'll either see a huge return or nothing.

trading this market is one wild ride, so by all mean have some fun with it. speculate!

13 years from now is 2027.  What's happening in 2027?

[oda.krell]

Thing is , Russia today is not the Russia of yesteryear, they can now provide most of what they need, and have enough other allies that they can survive easily with our US or the EU and their sanctions..   so I am not sure how effective more severe sanctions will be...  

They still have a fantastically bloated military (4.1% of their GDP, more than the US, which is already bloated). Their main source of export income is through natural resources.

If the US and the EU come to terms on this and block all imports of natural resources, you can be sure it will be felt in Russia. It'll also be felt in the EU (higher energy prices, first of all), but I very much doubt it'll have the same impact as it would on Russia if military wages and pensions aren't paid on time anymore. Which, if it would come to that, would be supremely ironic, since that's at least a major factor how Putin consolidated his power - keeping the military happy.

[HarHarHar9965]

Once per week, the market just makes no sense to me.
The price edges slowly up on small buys to 515.  Walls appear, price drops, walls drop, price drops. Predictable.
Walls get eaten, price jumps most of the way back to 515 in minutes.  Predictable.
Instead of eating the minor remaining resistance to 525 or 530, the market drops back to/below the price with walls.  Weird.

BTC markets are tough to figure out.

We're just in a sideways consolidation, but still due to the downtrend on longer term (daily +) charts, the bias remains down until we break upwards. A triangle can still be drawn on Bitstamp's chart, but on Huobi, it's already broken. But still.... sideways....

[lightfoot]

If the US and the EU come to terms on this and block all imports of natural resources, you can be sure it will be felt in Russia. It'll also be felt in the EU (higher energy prices, first of all), but I very much doubt it'll have the same impact as it would on Russia if military wages and pensions aren't paid on time anymore. Which, if it would come to that, would be supremely ironic, since that's at least a major factor how Putin consolidated his power - keeping the military happy.

The Russians have another problem: Most of their tech shit doesn't work very well. A big chunk of Kursk is still sitting on the bottom of the ocean to point this out.

I don't really fear them, but I fear the hysteria of the average American being whipped into the usual Cold War II: Electric Boogaloo thing.

C

[Raystonn]

One last design added to my store


All sales commission (a lousy 10%) goes towards replacing the coins stolen by Brewster et al.

Bitcoin not to be associated with a murdering c*nt pleasethankyou.

a symbol  of liberation.. depending on perspective.

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

[bitcodo]

Really nobody knows if this is true or not?

[seljo]

Just a reminder this is wall observer not war observer ok.

[ChartBuddy]

Explanation

[Omikifuse]

0.2147 Bitcoins traded in the last 30 min on Bitstamp.

This is really boring, even for the weekend standarts.

Someone do something before people get acute boreness.

[LMGTFY]

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

Probably lots of reasons not to associate Bitcoin with Che Guevara, but anti-statism isn't a good one. Marxism's eventual goal is Communism, which its proponents see as a classless, stateless society.

[Omikifuse]

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

Probably lots of reasons not to associate Bitcoin with Che Guevara, but anti-statism isn't a good one. Marxism's eventual goal is Communism, which its proponents see as a classless, stateless society.

They said that the society will be stateless because nothing will exist outside the state, so we can't speak about the state as a separate entity.

I guess it is not what most bitcoiners want.

[razorramon]

At least no one ist dumping anymore...
buying volume is way to low for a real trend to the moon, but it seems like no one wants to sell below 500 either

[JerryCurlzzz]

Che was a Marxist revolutionary.  Please don't associate Bitcoin with Marxism.  We are anti-Statism.

Probably lots of reasons not to associate Bitcoin with Che Guevara, but anti-statism isn't a good one. Marxism's eventual goal is Communism, which its proponents see as a classless, stateless society.

They said that the society will be stateless because nothing will exist outside the state, so we can't speak about the state as a separate entity.

I guess it is not what most bitcoiners want.

LMGTFY -- agree. They don't say "nothing will exist outside the state." Not at all. The idea is that once we live in a classless society, the state will have no utility, and no reason to exist. In other words, they want the same ends that anarchists do. Now, whether practice follows from theory is another question.

[empowering]

Just a reminder this is wall observer not war observer ok.

This is more a Bitcoiners hangout, OT is fine when the action is slow ?

this is my interpretation at least?