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

[justusranvier]

But the evil of state-backed currency needs to be exorcized and expelled for something better.

The people who can look at the legacy of blood and death and misery directly caused by the nation-state and still advocate for it are the ones who are in a cult.

[adamstgBit]

But the evil of state-backed currency needs to be exorcized and expelled for something better.

The people who can look at the legacy of blood and death and misery directly caused by the nation-state and still advocate for it are the ones who are in a cult.

so kryptic.
sounds bad.
bitcoin is the solution?

[fonzie]

You all should have better invested in some solid crypto!

https://bitcoinwisdom.com/markets/bter/dogebtc

[adamstgBit]

a little crack pot TA never hurt anyone..

[ImI]

You all should have better invested in some solid crypto!

you dont say?

[fonzie]

pffff- Trivia

[adamstgBit]

does it feel like some bots have been turned off?

there seems to be less trades going on.

maybe its just me...

[Ragnar Danneskjold]

But the evil of state-backed currency needs to be exorcized and expelled for something better.

The people who can look at the legacy of blood and death and misery directly caused by the nation-state and still advocate for it are the ones who are in a cult.

Hear, Hear!! Except it is worse than a cult, because they force us to use the filth that they call money. While bitcoin let's people choose! Can you imagine? The first time in history we can actually have a choice about one of the most fundamental aspects of our lives. What was it Satoshi said when he released bitcoin? Something like "here it is, if you like it, if you find it useful, then you are free to use it".

Pirate Ragnar

[ChartBuddy]

Explanation

[edwardspitz]

Market maker(s) does not appear to be done with the $470's yet. So after the rise to $480 we get dumps and after that the market is flooded with more low priced coins than the remaining active traders can handle. I don't see us going past $480 as long as the activity level and sentiment is so bad.

Question is if market movers have the balls to dump us below $470, or if we will just continue sideways for a while longer? As I said before I don't expect we will go much below $470 before we go up, but who knows.

Whales move slowly and it looks like this could give us yet another opportunity to get BTC below the current price level (and a chance to close shorts in an orderly fashion). I'm thinking that there must be a lot of traders sitting on the sidelines waiting to get some sort of sign of improvement. I personally believe that things are turning, but maybe we need to get to a point where inactive traders start thinking: "Wow, trading BTC has become really silly lately, I think I will buy some and see what happens".

Always remember: BTC price manipulation is one of the highest forms of endeavour to which a human being can choose to devote his time and energy  

[itod]

These dumpers are only going to stop dumping when they believe that it is NO longer in their interest to dump and that they can NO longer get any potential advantage from dumping...

This exactly is the problem, dumping earns a lot of people a lot of money. Start with 1000 BTC, dump them @ $480. When panic sell starts (and it always start) buy back at $465. That leaves you with 1032 BTC from starting 1000. Rinse & repeat, this time starting with 1032, transform them to 1065 in the next dump. Repeat again... Dumpers don't care if BTC will get to $500, or $1.000, or $10.000 by the end of the this year, or the next year, or 2016, when BTC gets there they will have a lot more BTC without investing fresh fiat. All that they have to do is not make the mistake when to start selling, but they already have a lot earned on the exchanges to cover for some errors in that regard. Easy BTC. It's hard to argue that they should just leave the BTC price to soar. They know it will eventually soar, but the reasoning is why not earn some fresh BTC from the weak hands along the way?

[owazer]

Seems that we can't break through the 480$ wall, oh wait there's no wall... why the price keep rebounding from that value?

[Eindbaas69]

a little crack pot TA never hurt anyone..

http://s12.postimg.org/xbm53ue25/Untitled.png

Where did you found this chart buddy?
I'm new..
I bought 50btc today.

[grappa_barricata]

[bigdave]

Seems that we can't break through the 480$ wall, oh wait there's no wall... why the price keep rebounding from that value?

No volume

[adamstgBit]

a little crack pot TA never hurt anyone..

Where did you found this chart buddy?
I'm new..
I bought 50btc today.

http://bitcoincharts.com/charts/bitstampUSD#rg90ztgSzm1g10zm2g25zv

[Schickeria]

Resuming our conversation about one does not simple buy the whole book.

[grappa_barricata]

Resuming our conversation about one does not simple buy the whole book.

well now that is a stub quote 

[iram3130]

Seems that we can't break through the 480$ wall, oh wait there's no wall... why the price keep rebounding from that value?

No volume

I think now we have to wait for Monday, this weekend also boring like mostly weekends for trading.

[abercrombie]

women and children first!!