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

[simmo77]

BTW - first time I've seen the poll results running neck and neck...

[Malin Keshar]

BTW - first time I've seen the poll results running neck and neck...

Problem with the poll is to define what is "high volume" and "low volume"

I think no one expects volumes like the ones in the 2013 rise to reach to bottom.

[ChrisML]

Not sure why people think that a BTC will be worth shit at the end.

Cant you see the price is being manipulated at this very moment? The price goes UP. Than a DUMP follows.

Imagine what this would look like without the dumps. Imagine where Bitcoin would be at that time. Just remember, dumping will not be forever. I feel a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.

[jeezy]

a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.

Confirmed.

[paul2000]

All that manipulation and pump and dumps are making me feel like I was in the Wolf of Wall Street movie.


But without the millions in my pocket

Bitcoin will ftfy

[AirFlame]

Not sure why people think that a BTC will be worth shit at the end.

Cant you see the price is being manipulated at this very moment? The price goes UP. Than a DUMP follows.

Imagine what this would look like without the dumps. Imagine where Bitcoin would be at that time. Just remember, dumping will not be forever. I feel a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.

Yea i hope too one day this dump shit will be over and bitcoin will be used by many more. So even someone dump 2000BTC it will do nothing to price.

[heartastack]

There is still a good chance there are many holders sitting on close to a million coins or more. It will take years to rinse these early adopter out. I do my bit to buy when I can. I like that I can make money in altcoin even when bitcoin is falling (note: you can lose everything pretty quickly this way too)

[ChartBuddy]

Explanation

[edwardspitz]

What I'm currently looking at:



Ghost (H&S) pattern from Stamp is not confirmed. Looking at Bitfinex volume is quite high on the right side (compared to Stamp). Watch out for disappearing bid-support and dumping.

Nice stats what Program You use ?

It is from TradingView (so you probably know it). Lots of wild ideas about bitcoin predictions there Data from Stamp is fairly close to real-time, it is free to use, and very good if you are into TA. Pretty awesome service

Wow good nose You have. They are dumping Good Work !

Dumping is easy to predict because that is all they do these days   Nothing is broken as far as I can tell and we have made a new higher high and higher low. So I'm still hopeful. I wonder if we will be sideways here for a while.

[NotLambchop]

... if we will be sideways here for a while.

^The hardest part.

[macsga]

The volume is ridiculous. If we don't see major dough coming into the bids (or asks) we go nowhere but here. On a side note, this is what I think it fits me best to be honest. I have a weekend to spend and hate to stare at a screen all day! (Ok, I'll take a pick once in a while from my phone )

[findftp]

Not sure why people think that a BTC will be worth shit at the end.

Cant you see the price is being manipulated at this very moment? The price goes UP. Than a DUMP follows.

Imagine what this would look like without the dumps. Imagine where Bitcoin would be at that time. Just remember, dumping will not be forever. I feel a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.

Dumping in a declining trend means selling to strong (or stupid) hands.
In the end, the strong (or stupid) hands will own many of the coins.
If fundamentals don't change, buying them back from them will be difficult to do it cheap.

[ShroomsKit]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.
And everyone will cheer here. They will be extremely happy. Post after post will look like this "cheap coins nom nom nom  ".

[Thomas-s]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.

Just enjoy the cheap coins 

[ShroomsKit]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.

Just enjoy the cheap coins 

You're so cool and witty dude.

[Hunyadi]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.

Just enjoy the cheap coins 

You're so cool and witty dude.

Don't you think confidence is already destroyed?

[ChartBuddy]

Explanation

[Torque]

Not sure why people think that a BTC will be worth shit at the end.

Cant you see the price is being manipulated at this very moment? The price goes UP. Than a DUMP follows.

Imagine what this would look like without the dumps. Imagine where Bitcoin would be at that time. Just remember, dumping will not be forever. I feel a big fucking spurt rocketeering towards fucking MARS happening very soon. As in a month or two.

The dumps are only part of the problem, rising trends are suppressed with dark walls until either the market becomes demoralised or it passes the manipulators limits and when that happens its frequently followed by another round of dumping, that dump and hold strategy also shows up a lot on PM and forex markets.

I'm still highly suspicious of where the manipulator's getting the coins, maybe its another goxing but if it's the bankers then they've the funds to mine on unprofitable hardware and it fits in with their dominate or destroy practises but that alone doesn't cover the volumes being dumped. Payment processors may be another source, BitPay and Coinbase don't seem to have many problems with their banks and iirc Coinbase is run by an ex-banker

I agree with your thoughts on this.  One add on the payment processor, at least Coinbase have said that try to sell merchant coins on the exchange market during the least volatile periods when it will affect the exchange rate minimally.  I also believe that they are holding more percentage of coins now and doing more off-exchange merchant transactions.

[mooncake]

The dumps are only part of the problem, rising trends are suppressed with dark walls until either the market becomes demoralised or it passes the manipulators limits and when that happens its frequently followed by another round of dumping, that dump and hold strategy also shows up a lot on PM and forex markets.

At which exchange did you see this?

I'm still highly suspicious of where the manipulator's getting the coins, maybe its another goxing but if it's the bankers then they've the funds to mine on unprofitable hardware and it fits in with their dominate or destroy practises but that alone doesn't cover the volumes being dumped. Payment processors may be another source, BitPay and Coinbase don't seem to have many problems with their banks and iirc Coinbase is run by an ex-banker

No one will know for sure. But the exchange owners may have some idea since they know who are dumping. The bitcoin reporters really should interview owners of the major exchanges.

[Torque]

So what is prediction on few months from now ?

IF we go up again a few 100, which as you can see is gonna be very hard because these traders and dumpers completely destroyed confidence, then the following will happen. At the point where everything starts to look good again and the confidence is back people will start dumping and trading in order to get cheap coins. They will fuck over everyone who bought coins and dump the shit out of the market because of an insane obsession over cheap coins.

Just enjoy the cheap coins  

You're so cool and witty dude.

Don't you think confidence is already destroyed?

Yep.  Otherwise right now the public would feel that a 700, 800, or even a $1000 coin is still a good deal, and the current price is a no-brainer.  Which they don't.  Even as a bitcoin enthusiast, would you pay those prices?  It's going to take a long time for people to feel that those are bargain prices again.  A long time.

In fact, it's going to take a serious influx of investor funds.  Not sure when that will happen again.