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

[cbeast]

Almost 5k to get back to 400.
Obviously we must go down even more.

in rally mode it one would say "only 5K to 400, its going to rocket there any minute!"

sadly bitcoin is definitely not in rally mode. 

Mostly these are fake walls. If you know the secret button, they move out of the way automatically.

[adamstgBit]

Almost 5k to get back to 400.
Obviously we must go down even more.

in rally mode it one would say "only 5K to 400, its going to rocket there any minute!"

sadly bitcoin is definitely not in rally mode.  

Mostly these are fake walls. If you know the secret button, they move out of the way automatically.

not sure about that

but we have seen a fake walls fall not long ago, we went up, and then got smashed, so maybe it wasn't fake after all    

[JayJuanGee]

I think Adam was right about circle, looks like there's regular buys started on bitfinex.

I doubt that there have been very many buys on Circle. 

I signed up for a circle account, and to verify my bank account will take 2-3 days.

Of course, I could buy immediately with a credit card, but I am NOT going to buy with a credit card b/c I am NOT going to take the chance of paying outrageous cash advance fees (which are likely through my CC).


Accordingly, IMHBO it will take a few days before the mass adoption of Circle will result in actual purchasing of coins.

I was able to link a debit card to my Circle account. I haven't made a purchase yet but I'm sure others have used this type of card successfully

I made a debit card 'test' payment too.  About 2.9% charge for money in and bank costs may add to that (I am not in USA) so not an ideal way to deposit. 

Ex-USA banks cannot do transfers - so it was my only deposit option (other than BTC in).  Transfers are fee-free from US banks - but even if ex-USA banks can eventually transfer in, so far it is in USD only - which will still involve currency exchange slippage, or fees for non-USA banks.

Looks good though - easy to use and very easy to buy (and apparently to safely hold) BTC. 

They will end up with a fund of BTC and USD, which will allow them to cover a certain cash in / out flow without needing to go to market every time - I did not check if they ring fence funds entirely in individual client accounts, or just 'insure' the amounts.

What concerns me about any of these card transfers is that there can be multiple fees, and sometimes it can be difficult to calculate exactly until your credit card bill comes.... and so apparently, from what you are saying, Kurious, a similar problem exists with a debit card.  Sometimes, debit cards are treated similar to credit cards when it comes to cash advance type transactions.

[JayJuanGee]

a bunch of models in the background, i like it

who needs models look at that sexy machine

I noticed the models first, too... Maybe that shows that I am a bit of a perv?   

[ChartBuddy]

Explanation

[akujin]

huobi dumping 

[derpinheimer]

Smashing thru 2300cny

[adamstgBit]

a bunch of models in the background, i like it

who needs models look at that sexy machine

I noticed the models first, too... Maybe that shows that I am a bit of a perv?   

   that is so bearish!

i didn't even notice the girls until someone someone said somthing

<- true bitcoiner high on koolaid

[derpinheimer]

a bunch of models in the background, i like it

who needs models look at that sexy machine

I noticed the models first, too... Maybe that shows that I am a bit of a perv?   

   that is so bearish!

i didn't even notice the girls until someone someone said somthing

<- true bitcoiner high on koolaid

Honestly I didnt notice them either. Then someone pointed out there were models and I saw the one on the right. Then it got quoted again and I saw the other ones

I spent a lot more time looking at the photoshopped shadows of the ATM

[cbeast]

Almost 5k to get back to 400.
Obviously we must go down even more.

in rally mode it one would say "only 5K to 400, its going to rocket there any minute!"

sadly bitcoin is definitely not in rally mode.  

Mostly these are fake walls. If you know the secret button, they move out of the way automatically.

not sure about that

but we have seen a fake walls fall not long ago, we went up, and then got smashed, so maybe it wasn't fake after all    

I don't trust the Central Exchanges at all and believe this is a Reverse Willie. We need a trustless market.

[adamstgBit]

a bunch of models in the background, i like it

who needs models look at that sexy machine

I noticed the models first, too... Maybe that shows that I am a bit of a perv?   

   that is so bearish!

i didn't even notice the girls until someone someone said somthing

<- true bitcoiner high on koolaid

Honestly I didnt notice them either. Then someone pointed out there were models and I saw the one on the right. Then it got quoted again and I saw the other ones

I spent a lot more time looking at the photoshopped shadows of the ATM

well its gonna look Real good when its deployed

[JayJuanGee]

a bunch of models in the background, i like it

who needs models look at that sexy machine

I noticed the models first, too... Maybe that shows that I am a bit of a perv?   

   that is so bearish!

i didn't even notice the girls until someone someone said somthing

<- true bitcoiner high on koolaid

Honestly I didnt notice them either. Then someone pointed out there were models and I saw the one on the right. Then it got quoted again and I saw the other ones

I spent a lot more time looking at the photoshopped shadows of the ATM

well its gonna look Real good when its deployed

In shorts and a tank top?  or maybe in a swim suit?

[adamstgBit]

BOTTOMS IN BOYS!

[Remember remember the 5th of November]

BOTTOMS IN BOYS!

I am somehow not convinced. We are hovering very closely to $366, and I do believe if someone is dumping stolen coins, there are much more than what we've seen.

[adamstgBit]

BOTTOMS IN BOYS!

I am somehow not convinced. We are hovering very closely to $366, and I do believe if someone is dumping stolen coins, there are much more than what we've seen.

the sellers dumping furiously, agree with you, i guess...

selling near the bottom to catch the bottom is kinda risky tho, crazy people!

[adamstgBit]

the story that is bitcoin will live on even if EVERYONE capitulates.

bitcoin will never die, that much is certain.

[cbeast]

the story that is bitcoin will live on even if EVERYONE capitulates.

bitcoin will never die, that much is certain.

I don't see hashrate declining. The blockchain is as healthy as ever. It's just on a drunken binge at the moment.

[mooncake]

Those who don't think manipulation occurs, here is a guide written by Wolong, the guy who originally pumped Dogecoin.

http://cryptofrenzy.files.wordpress.com/2014/02/god.pdf

Good read.

Before the read, I was wondering why huge ask walls appear at regular intervals after a huge dump. Why sell low when you can sell high?

After the read, I am aware that one possibility is the manipulators are at the Suppressing Prices stage. I don't know about this for sure but this offers a real and logical explanation.

After the Suppressing Prices stage, the following stages follow: (1) Test Pump, (2) Actual Pump, (3) Shakeouts, (4) Re-allocation and distribution, and (5) Exiting - The Dump.

[cbeast]

BOTTOMS IN BOYS!

I am somehow not convinced. We are hovering very closely to $366, and I do believe if someone is dumping stolen coins, there are much more than what we've seen.

the sellers dumping furiously, agree with you, i guess...

selling near the bottom to catch the bottom is kinda risky tho, crazy people!

Go home dumpers. you're drunk.

[cbeast]

Those who don't think manipulation occurs, here is a guide written by Wolong, the guy who originally pumped Dogecoin.

http://cryptofrenzy.files.wordpress.com/2014/02/god.pdf

Good read.

Before the read, I was wondering why huge ask walls appear at regular intervals after a huge dump. Why sell low when you can sell high?

After the read, I am aware that one possibility is the manipulators are at the Suppressing Prices stage. I don't know about this for sure but this offers a real and logical explanation.

After the Suppressing Prices stage, the following stages follow: (1) Test Pump, (2) Actual Pump, (3) Shakeouts, (4) Re-allocation and distribution, and (5) Exiting - The Dump.

That hypothesis sounds like a psyops tactic to cause a panic sell. That's chapter 6.