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

[adamstgBit]

Let's see how much time fallllling will last before being nuked again.

And wtf Bitfinex?

3200(!) wall.

Hopefully it's obvious to everyone now that this is a manipulation wall

They are trying desperately to keep this "downtrend" in place..

no other walls around, shit tons of good news, has been for weeks months, shorts continue to build.

you guys are over speculating, this wall is someone that wants out, because scared of falling prices.

LOL!

yes its obvious now....

[ChartBuddy]

Explanation

[thefunkybits]

Let's see how much time fallllling will last before being nuked again.

And wtf Bitfinex?

3200(!) wall.

Hopefully it's obvious to everyone now that this is a manipulation wall

They are trying desperately to keep this "downtrend" in place..

no other walls around, shit tons of good news, has been for weeks months, shorts continue to build.

you guys are over speculating, this wall is someone that wants out, because scared of falling prices.

LOL!

yes its obvious now....

I had a thought today that maybe it's a group of merchants trying to keep the price stable to make BTC more enticing as a "currency"

Bitpay or Coinbase (if they didn't need the immediate cash) could easily stop selling off-market and put up huge walls to suppress a breakout and keep volatility low

[JorgeStolfi]

Imagine what would happen if the US Govt decided to hodl DPR Seized Coins as cash asset, instead of auctioning them off.. They never auction money/cash/fiat that's seized. Since the judge declared bitcoins as money, and if the FBI holds them based on that, it would give Bitcoin so much credibility having the a federal agency holding bitcoin on it's balance sheet.

AFAIK, cash  is simply handed over to the Treasury,  and they are supposed to use it for the People's benefit.  The Treasury knows how to handle foreign currencies, so those are sent to them too.   Other stuff (including bitcoin) must be converted, by auction, into dollars  that can be sent to the Treasury.

The DPR judge did not rule that "bitcoin is money", only that it counts as money for the purposes of the trial, because it is what DPR took as his fees from SilkRoad's illegal businesses.   If he had taken his fees in diamonds, it would have been seized and auctioned the same way.

Courts and police understand that "money laundering" can be done with any valuable stuff, such as gold, diamonds, real estate, boats.

I suppose that "money transmitting business"  would include also a service that accepts gold from one person here and delivers it to another person way over there.

[adamstgBit]

Let's see how much time fallllling will last before being nuked again.

And wtf Bitfinex?

3200(!) wall.

Hopefully it's obvious to everyone now that this is a manipulation wall

They are trying desperately to keep this "downtrend" in place..

no other walls around, shit tons of good news, has been for weeks months, shorts continue to build.

you guys are over speculating, this wall is someone that wants out, because scared of falling prices.

LOL!

yes its obvious now....

I had a thought today that maybe it's a group of merchants trying to keep the price stable to make BTC more enticing as a "currency"

Bitpay or Coinbase (if they didn't need the immediate cash) could easily stop selling off-market and put up huge walls to suppress a breakout and keep volatility low

i don't think so.

this markets main attraction for deep pockets is the potential to become the manipulator.

your suggesting that Bitpay and/or Coinbase is trying to do this.

thats possible, but i feel a much more powerful player in the room, i doubt Bitpay and/or Coinbase could be him.

who knows, tooo much speculation for me, i'm going to stay away from this place this weekend.

[ChartBuddy]

Explanation

[thefunkybits]

Let's see how much time fallllling will last before being nuked again.

And wtf Bitfinex?

3200(!) wall.

Hopefully it's obvious to everyone now that this is a manipulation wall

They are trying desperately to keep this "downtrend" in place..

[img]

no other walls around, shit tons of good news, has been for weeks months, shorts continue to build.

you guys are over speculating, this wall is someone that wants out, because scared of falling prices.

LOL!

yes its obvious now....

I had a thought today that maybe it's a group of merchants trying to keep the price stable to make BTC more enticing as a "currency"

Bitpay or Coinbase (if they didn't need the immediate cash) could easily stop selling off-market and put up huge walls to suppress a breakout and keep volatility low

i don't think so.

this markets main attraction for deep pockets is the potential to become the manipulator.

your suggesting that Bitpay and/or Coinbase is trying to do this.

thats possible, but i feel a much more powerful player in the room, i doubt Bitpay and/or Coinbase could be him.

who knows, tooo much speculation for me, i'm going to stay away from this place this weekend.

I don't think it's likely...but just a thought I had

Trying to take off my tinfoil hat for a few minutes and play devils' advocate 

[thefunkybits]

FYI: XPM and DOGE are on the move tonight..

XPM: https://twitter.com/thefunkybits/status/510645912951984128

DOGE: https://twitter.com/thefunkybits/status/510655175301017600

I picked a great night to stay in and watch the charts 

[Wary]

1st post here after lurking for a while....  Long enough to have a swathe of miscreants on ignore. Seriously, there is no incentive I can think of which would encourage the commitment to trolling that some of this douches possess.

Anyway, I've been a hodler since last time we were in the low five hundreds. (In Aussie dollars that is) I was there fairly early on and was excited as soon I managed to finally understand the concept. This took a while as I hate money, I hate the system and have little in the way of financial knowledge. This ignorance has cost me a great deal and caused my resentment of the system to rise exponentially. I see BTC as a huge weapon against the status quo and a great equaliser for people like me.
There a few avenues for dissent these days and BTC is the game changer.
I've been on the sidelines as whether to risk more savings ( I'm one third of my savings in BTC, thinking about adding some Monero) buying more coins   but feel that now is the time. My strategy is put buy orders in for $20 below the morning market price (eastern standard time) before leaving the house each day while this current trend continues and then check in each evening for the gossip before deciding whether to leave the buy orders standing overnight. I hope to add to my hodlings at a decent price.
The average bloke in the street in my country doesn't know shit about BTC and I find the average ignorance level of my countrymen is off the chart. Our media stinks, our governments at all levels are obsessed with revenue collection, our banks are assclowns and post record profits every year I can remember.

I love BTC and what it stands for and feel the rubber band is stretched nearly as far it can go.

Welcome, Tony!
It's nice to see bitcoin infiltrating to all social strata. I mean you are the first PM here

As for your strategy, if I were you and were investing long-time, I wouldn't waste much time trying to buy 4% cheaper. From the other hand, I would try to triple my future fortune by getting 90% in, rather that 30%. (Now, if bitcoin fall to 300$ or to 0$ you would know whom to blame  )

[Richy_T]

Everyone seems so down in the dumps...

It must be time for free beer Friday

[thefunkybits]

Everyone seems so down in the dumps...

It must be time for free beer Friday

lol i grabbed this one, my first free beer  cheers

Must be a good luck charm, Stamp and Finex are on the move!

1000 BTC market buy on BFX  

[holzer]

Someone finally took a chunk out of that 3k wall on Bitfinex.

[molecular]

Someone finally took a chunk out of that 3k wall on Bitfinex.

kaboom

[thefunkybits]

Someone finally took a chunk out of that 3k wall on Bitfinex.

kaboom

Holy F*CK boys! the wall has been eaten!!!!

[Tyson95]

holy sheet

[relm9]

Someone finally took a chunk out of that 3k wall on Bitfinex.

kaboom

Holy F*CK boys! the wall has been eaten!!!!

 

[molecular]

let's see wether the market was held back by it... doesn't seem so.

[ChartBuddy]

Explanation

[keewee]

let's see wether the market was held back by it... doesn't seem so.

Hmmm I wouldn't be so sure of that just yet 

[cmacwiz]

shhhhhhhh, back to bed markets