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

[touhonoob]

I hardly see anyone cheering anymore every time we go down. What's the problem? Are all these cheap coins not so much fun anymore?

because there is no such thing called "cheap coins", coins will be cheaper and cheaper therefore less and less people want it

those who yelling for "cheap coins" are permabulls or scammers, that's why only few trolls are cheering about it

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

Perma bull here. I don't mine.

Permabull here. I mine and don't sell.

too bad your 10 TH "farm" does not make any difference.

big farms in china can dump till 140 $ and still make a nice profit.

dumper is happy because there are a lot of stubborn bulls.

correct, you see the point and The Winkelvoss EFT is a dump. They bought a lot of Bitcoins and can't unload them without crashing the market. The EFT is a way for them to exit Bitcoin.

A dump since 2013?

[tarmi]

I hardly see anyone cheering anymore every time we go down. What's the problem? Are all these cheap coins not so much fun anymore?

because there is no such thing called "cheap coins", coins will be cheaper and cheaper therefore less and less people want it

those who yelling for "cheap coins" are permabulls or scammers, that's why only few trolls are cheering about it

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

Perma bull here. I don't mine.

Permabull here. I mine and don't sell.

too bad your 10 TH "farm" does not make any difference.

big farms in china can dump till 140 $ and still make a nice profit.

dumper is happy because there are a lot of stubborn bulls.

correct, you see the point and The Winkelvoss EFT is a dump. They bought a lot of Bitcoins and can't unload them without crashing the market. The EFT is a way for them to exit Bitcoin.

Most retarded theory ever.

Between the time spent and the money wasted....

it is not a theory.

ETF is for noobs (late majority) who are unable to secure and hold their btc, or dont want to bother.

so yea, it is some sort of a dump.

[fonzie]

Sigh... bitfinex is getting too glitchy lately.... I don't feel good trading in this exchange anymore  

Check out Okcoin.com, it is by far the best exchange experience i had so far. I switched over from Bitfinex 3-4 weeks ago.

I am considering it. About a month ago I signed up with OKCoin to use their API and it looks pretty sophisticated. Also there is quite a bit of volume. The only thing that annoys me a bit is that they are not on Bitcoinwisdom. Their built-in chart is basically the same as BW, so I guess I should just use that. Have you figured out how to short sell?

Short selling is only possible if you use their future trades (up to 10x leverage, no interest to pay), you can contrary to Bitfinex, open multiple single positions e.g. 3 positions long and 2 positions short which do not get counted up. A huge disadvantage however is that you have no stop-loss function in future trading(at least i haven´t found one), which sucks pretty hard, lol. They offer stop loss and other interesting algo trade mechanisms like "trail, iceberg and twat", but only in normal trading mode.

[coinmaster222]

I'm going to sleep for now. Hope I'll wake up to some whale pumping the price or something.

[ChartBuddy]

Explanation

[ShroomsKit]

I hardly see anyone cheering anymore every time we go down. What's the problem? Are all these cheap coins not so much fun anymore?

because there is no such thing called "cheap coins", coins will be cheaper and cheaper therefore less and less people want it

those who yelling for "cheap coins" are permabulls or scammers, that's why only few trolls are cheering about it

+1

The permabulls you're talking about are just miners dumping their coins like no tomorrow & they're trying to get suckers to buy them for as expensive as possible!

Perma bull here. I don't mine.

Permabull here. I mine and don't sell.

too bad your 10 TH "farm" does not make any difference.

big farms in china can dump till 140 $ and still make a nice profit.

dumper is happy because there are a lot of stubborn bulls.

correct, you see the point and The Winkelvoss EFT is a dump. They bought a lot of Bitcoins and can't unload them without crashing the market. The EFT is a way for them to exit Bitcoin.

Please back up your claim with some kind of proof.

[Moria843]

Thank me for saving bitcoin! After holding for 6 months I sold a bunch at $375 and put orders in to buy back at $370 and $375. With my luck this will guarantee BTC only goes up from here

[Raystonn]

Please back up your claim with some kind of proof.

Here you go...

Proof that 1 = 2:

Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.

[vhaasteren]

Please back up your claim with some kind of proof.

Here you go...

Proof that 1 = 2:

Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.

Yeah, right. You are dividing by 0 between step 7 and 8. Only allowed if you are Chuck Norris, which you are not.

[empowering]

well mining at this price is good since usa miners have to pay income tax on bitcoin mined at the price they are mined at.
so while everyone is panicking i am continue mining!
with the latest mining gear we appear to be good for mining into the beginning of next year.
maybe first few months of next year unless some new mining gear hits.
this decline in bitcoin, gold, and silver started as the dollar went up .
we are at our third peak in five years and each peak has resulted in a crash of the dollar.
it is possible we are at the run-up to the final crash of the dollar.
i heard a rumor when blood is in the streets then is time to buy!

The federal reserve is ending QE while the ECB is starting QE-like programs. As the euro has a 57.6% weight in DXY the dollar is unlikely to crash any time soon.

USD has got some room to run yet, but it is going to peak and come down with a bump, the next run down, is of course going to happen eventually.  

Though the combined global can kicking may put this shit storm off for a while.

Draghi to the rescue with almost a trillion dollars - splendid.

Phantom bond buyers to the rescue   - splendid, are we ordering glass of chimay with steak-frites or are we ordering suntorys and steamd buns? or should that be budweisers and burgers? want fries with that? mayo? cheese? full fat unicorn?

Though that being said the eurozone, QE or not, is in the shitter... trouble is brewing, and they are kicking the can slightly up hill... and in that basket too we have Japan, which as QE daddy, have got a revolver in their mouths with two in the chamber, or so it seems... the bank of japan pretty much buys all of jp bonds now, the older generation gone and investors are becoming more and more bond shy in Japan. Then you have got the UK which also is not having a great time either, and then the swiss franc, that might change in their upcoming referendum (I would love to see them vote yes, reckon they will vote no though)

How (long) the USD stands up against those guys and their evolving shit storms,  we shall have to wait and see... and also see how the developing situation plays out with China and their own plate balancing act. If they do actually stop the QE, then I think USD will continue to rise...which will further put a dampner on US exports. Also we shall see what happens when rates start to rise, and people are forced off the easy money teat. I know that something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable. But I am not convinced they are going to stay the course , staring down that barrel can do strange things..and it might be that the push comes from overseas i.e china runs into problems due to a credit crunch and this knocks on and they tighten their belts, though they now are too making their own moves to stimulate the market, in light of declinging property prices and weaker figures in general.... but then if the slow down is not stopped and they do tighten their belts then this could cause problems too (plus the business environment in china is crazy,  more down in a basement, than under the table)

Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.

Ever get the impression the major economies are spinning plates? wobble .......             woah.........   wobble.........  woah....   oh shi£$%£$%^....fol

Road ahead looks rocky in so many ways... they are not going to be able to catch one of those plates, sooner or later, and once you miss one.....




The future's uncertain, and the end is always near.

Let it roll, baby, roll.

[Bittings]

correct, you see the point and The Winkelvoss EFT is a dump. They bought a lot of Bitcoins and can't unload them without crashing the market. The EFT is a way for them to exit Bitcoin.

Please back up your claim with some kind of proof.

You don't want to see his proof, its covered with shit, because he just pulled it out of his ass.  

[NotLambchop]

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

[Raystonn]

Please back up your claim with some kind of proof.

Here you go...

Proof that 1 = 2:

Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.

Yeah, right. You are dividing by 0 between step 7 and 8. Only allowed if you are Chuck Norris, which you are not.

1) Very good, grasshopper.
2) Where is your proof that I am not Chuck Norris?

[JayJuanGee]

That depends on whether your money is in a bullish position or a bearish position, Chuckee.  Anyhow, they will be banging the close soon.

Monkey is a BTC buyer.  Above 395 next resistances are 400 and 413.  375 is support.  I.e., monkey tries to buy close to 375.

What happens on October 3rd anyhow?
 

Huragh!! (waves party paraphernalia). Time to drink copious amounts, hangover scheduled for Oct 3rd.

For some reason, I could NOT recall what was supposed to be happening on October 3, if anything? 

I had realized that there is a Bitcoin conference in Vegas, but that event does NOT begin until October 5.

Then I saw that the release of the "Rise and Rise of Bitcoin," which will occur in Cleveland Heights, Ohio.

http://cointelegraph.com/es/news/112577/the-rise-and-rise-of-bitcoin-to-premiere-in-cleveland-heights-ohio


The $6,000,000 question remains whether this event will positively affect BTC prices? 

[NotLambchop]

@Raystonn:  Good point.  Where's your proof that 2 = 2?

[vhaasteren]

Please back up your claim with some kind of proof.

Here you go...

Proof that 1 = 2:

Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.

Yeah, right. You are dividing by 0 between step 7 and 8. Only allowed if you are Chuck Norris, which you are not.

1) Very good, grasshopper.
2) Where is your proof that I am not Chuck Norris?

Oops. I may just have made a very big mistake...  

[empowering]

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

Not sure I said anything about collapse.

(I prefer to think of it as an anal bleed)

[NotLambchop]

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

Not sure I said anything about collapse.

Sorry, what did you mean by

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

[Wary]

So how exactly is this different from $32 to $2 in 2011?
If we're subject to "manipulation" now, we most certainly were manipulated back then.

Non sequitur. Every cod is fish, but not every fish is cod.

Anyway, there must be a way to tell "honest" sells from manipulation. Maybe the one suggested by Richy_T?

We should be able to tell if the dumps are being made at times of maximum or minimum slippage. If minimum, it's someone just selling, if maximum, it's someone trying to get the maximum down-movement for minimum cost.

[aztecminer]

Please back up your claim with some kind of proof.

Here you go...

Proof that 1 = 2:

Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.

Yeah, right. You are dividing by 0 between step 7 and 8. Only allowed if you are Chuck Norris, which you are not.

yeah but he canceled (aa - ab) from both sides so technically he is not really dividing by 0 since those were canceled.
i am totally convinced now. firm believer that 1 = 2 by an amazing genius display of mathematical skill. undeniable proof.