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

[derpinheimer]

Guys, my clue is pointing down.



Dumpers be like:

[notme]

http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

This gonna be huge. And bullish as fuck, to quote adam.

Ripple may turn out to be what saves Bitcoin and fuels the next rally.  

Ripple is the US banking system's attempt to avoid being destroyed by Bitcoin.

They think that if they make USD transactions easier then they'll be able to avoid losing the USD as a unit of account.

Note that Ripple's consensus system is a closed, invite-only network. Exactly what you'd want if you were trying to preserve a banking cartel's position in the world.

Even if you do NOT agree with Ripple's goals and objectives, would it NOT be a good investment, based on the rationale that you lay out, above.  

Let's say that various status quo banking, financial and government systems buy-into Ripple to attempt to preserve whatever status quo situation that they enjoy, then wouldn't we want to jump on board and profit from that, even if we do NOT agree ideologically and even if the bandaid solution of Ripple may NOT be long term ... but profit, while we can from such in investing into Ripple for the next 2-4 years or something like that?  

I am NOT talking any book because at the moment, I own NO ripple at all.... and actually I am disinclined to invest anything into ripple because it seems to be too much of a potential scam..

Ripple is not a good investment because a single private entity owns vastly more XRP than are in circulation and can squash the price at their discretion.

[ChartBuddy]

Explanation

[bzzard]

all eyes on BTCChina

look at the ask wall, and concentrated on its destruction.

mind over wall.

it works.

What the heck we are standing here because of one non-leader chinese exchange with < 1k wall?

Hummm check out first place (there's no finex for some reason but still):
http://bitcoincharts.com/markets/

BTCChina for some reason have usually low OB depth but still have big volume.

[criptix]

it looks like the ask side got raped hard and the bid side is getting stronger and stronger

sad bears must be sad  

[Dragonkiller]

http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

This gonna be huge. And bullish as fuck, to quote adam.

Ripple may turn out to be what saves Bitcoin and fuels the next rally.  

Ripple is the US banking system's attempt to avoid being destroyed by Bitcoin.

They think that if they make USD transactions easier then they'll be able to avoid losing the USD as a unit of account.

Note that Ripple's consensus system is a closed, invite-only network. Exactly what you'd want if you were trying to preserve a banking cartel's position in the world.

Even if you do NOT agree with Ripple's goals and objectives, would it NOT be a good investment, based on the rationale that you lay out, above.  

Let's say that various status quo banking, financial and government systems buy-into Ripple to attempt to preserve whatever status quo situation that they enjoy, then wouldn't we want to jump on board and profit from that, even if we do NOT agree ideologically and even if the bandaid solution of Ripple may NOT be long term ... but profit, while we can from such in investing into Ripple for the next 2-4 years or something like that?  

I am NOT talking any book because at the moment, I own NO ripple at all.... and actually I am disinclined to invest anything into ripple because it seems to be too much of a potential scam..

Ripple is not a good investment because a single private entity owns vastly more XRP than are in circulation and can squash the price at their discretion.

so can satoshi and a handful of others

[notme]

http://www.coindesk.com/us-banks-announce-ripple-protocol-integration/

This gonna be huge. And bullish as fuck, to quote adam.

Ripple may turn out to be what saves Bitcoin and fuels the next rally.  

Ripple is the US banking system's attempt to avoid being destroyed by Bitcoin.

They think that if they make USD transactions easier then they'll be able to avoid losing the USD as a unit of account.

Note that Ripple's consensus system is a closed, invite-only network. Exactly what you'd want if you were trying to preserve a banking cartel's position in the world.

Even if you do NOT agree with Ripple's goals and objectives, would it NOT be a good investment, based on the rationale that you lay out, above.  

Let's say that various status quo banking, financial and government systems buy-into Ripple to attempt to preserve whatever status quo situation that they enjoy, then wouldn't we want to jump on board and profit from that, even if we do NOT agree ideologically and even if the bandaid solution of Ripple may NOT be long term ... but profit, while we can from such in investing into Ripple for the next 2-4 years or something like that?  

I am NOT talking any book because at the moment, I own NO ripple at all.... and actually I am disinclined to invest anything into ripple because it seems to be too much of a potential scam..

Ripple is not a good investment because a single private entity owns vastly more XRP than are in circulation and can squash the price at their discretion.

so can satoshi and a handful of others

You're talking more coins than are in circulation vs. 10% of what is in circulation.  Big difference.

[AirFlame]

Guys, my clue is pointing down.

Dumpers be like:

Ok this image make my day hahahahha. I hope the price will go up from now

[inca]

Well we should hopefully start to drift upwards. Just need a little prod. If we can get above and hold 450 then bears will start to sweat! Doubt is already percolating through

[ShroomsKit]

That bid wall on Stamp is constantly changing. Is that Bitcoinity lag or someone pushing the place bid/remove bid button all the time?

[ShroomsKit]

Aaaaand dumping time.

[bzzard]

That bid wall on Stamp is constantly changing. Is that Bitcoinity lag or someone pushing the place bid/remove bid button all the time?

It's whales trick to get attention (sign of desperation but sometimes works )

[btcney]

Aaaaand dumping time.

You mean cheap coins time.

[EuroTrash]

Mmmm

Simply no buy pressure 

[ShroomsKit]

Mmmm

Simply no buy pressure 

Nope, not even with that big bid wall

[EuroTrash]

Mmmm

Simply no buy pressure  

Nope, not even with that big bid wall

Walls are contrarian indicators

[ShroomsKit]

Mmmm

Simply no buy pressure  

Nope, not even with that big bid wall

Walls are contrarian indicators

Damn, that's why i lost all my money trading.

But seriously, i understand what you mean but the noob trader would usually get confident with such a wall and buy and vice versa. Even if it's a trap, nobody is buying.

[ShroomsKit]

I just hope Amazon will start accepting Bitcoin tomorrow. We then might reach 450. For 30 minutes.

[sidhujag]

Mmmm

Simply no buy pressure  

Nope, not even with that big bid wall

Walls are contrarian indicators

The more mainstream bticoin becomes the truer this is.. but fundamentally we are strong bull... until we aren't. So walls don't mean jack at the end of the day.

[esse83]

Mmmm

Simply no buy pressure  

Nope, not even with that big bid wall

Walls are contrarian indicators

Damn, that's why i lost all my money trading.

But seriously, i understand what you mean but the noob trader would usually get confident with such a wall and buy and vice versa. Even if it's a trap, nobody is buying.

Seriously.. walls are only designed for sending a signal that you ought to buy (or sell through the illusion of resistance or support). Guess what, markets are always trying to gain the upper hand. If you look at cheap tricks like this you are gullible. How many times have we not seen (this year) bid walls vanish when dumping is engaged? What is unique now is that ask walls do not disappear. That ought to have peaked your interest by now..