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

[brg444]

WHales are playing games with us at their will. Hobo whale adding and removing 10k wall, pushing price up and down whenever he feels like it. Absolutely perfect market to lose money in it if trading.

This is the thing. Whales are accumulating coins. Until they say, "I'm packed now, lets go to the moon"

Hopefully we don't have to wait for this because I fear this could take a while.

I know good news hasn't had an impact in awhile but I'm hoping we carry this momentum to some big news that spurs new adoption

[explorer]

WHales are playing games with us at their will. Hobo whale adding and removing 10k wall, pushing price up and down whenever he feels like it. Absolutely perfect market to lose money in it if trading.

This is the thing. Whales are accumulating coins. Until they say, "I'm packed now, lets go to the moon"

Hopefully we don't have to wait for this because I fear this could take a while.

I know good news hasn't had an impact in awhile but I'm hoping we carry this momentum to some big news that spurs new adoption

Why would they be in a hurry?  If the market is such that you can manipulate in your favor, you do, until it is no longer profitable to do so.  The tide will turn when it turns.  We'll just patiently wait it out.  Well, I guess some of you give up your coins.  That, after all, is what makes it profitable for them.

[ChartBuddy]

Explanation

[brg444]

WHales are playing games with us at their will. Hobo whale adding and removing 10k wall, pushing price up and down whenever he feels like it. Absolutely perfect market to lose money in it if trading.

This is the thing. Whales are accumulating coins. Until they say, "I'm packed now, lets go to the moon"

Hopefully we don't have to wait for this because I fear this could take a while.

I know good news hasn't had an impact in awhile but I'm hoping we carry this momentum to some big news that spurs new adoption

Why would they be in a hurry?  If the market is such that you can manipulate in your favor, you do, until it is no longer profitable to do so.  The tide will turn when it turns.  We'll just patiently wait it out.  Well, I guess some of you give up your coins.  That, after all, is what makes it profitable for them.

My point, exactly.

[Davyd05]

I fucking hate this market condition, no fucking chance to chart or anything this. They do whatever they want and we just participate like sheep.

What did we expect, we attracted big moneys attention and not everyone is a bull on bitcoin

[seleme]

I fucking hate this market condition, no fucking chance to chart or anything this. They do whatever they want and we just participate like sheep.

What did we expect, we attracted big moneys attention and not everyone is a bull on bitcoin

I don't quite care if bull or bear, just hate this 10$ range trading with zillion fakeouts.

[octaft]

I fucking hate this market condition, no fucking chance to chart or anything this. They do whatever they want and we just participate like sheep.

What do you expect in a thin market with die-hard hoarders, panic buyers and sellers, and the vast majority of bitcoin wealth in the hands of a relative few?

[seleme]

I fucking hate this market condition, no fucking chance to chart or anything this. They do whatever they want and we just participate like sheep.

What do you expect in a thin market with die-hard hoarders, panic buyers and sellers, and the vast majority of bitcoin wealth in the hands of a relative few?

Some action 

[solex]

I fucking hate this market condition, no fucking chance to chart or anything this. They do whatever they want and we just participate like sheep.

What did we expect, we attracted big moneys attention and not everyone is a bull on bitcoin

I don't quite care if bull or bear, just hate this 10$ range trading with zillion fakeouts.

The longer the market stays in a trading range, then the stronger the floor it is putting in. A year ago people would have been wetting themselves seeing a floor put in at $380.  A solid $380 means that $760 is on the cards sooner than later.

[Davyd05]

I fucking hate this market condition, no fucking chance to chart or anything this. They do whatever they want and we just participate like sheep.

What did we expect, we attracted big moneys attention and not everyone is a bull on bitcoin

I don't quite care if bull or bear, just hate this 10$ range trading with zillion fakeouts.

 I blame big money for that factor, they can jump in when they want nowadays relatively easy, picking up coins OTC and selling on exchanges just for arb if need be. 

Bull or Bear isn't super relevant just that bullwhale and bearwhale play just washes the small fry away in the wave.

[touhonoob]

Kraken to Launch Bitcoin Ops in Japan This Month
[Suspicious link removed]j.com/japanrealtime/2014/10/20/kraken-to-launch-bitcoin-ops-in-japan-this-month/

[touhonoob]

It's the YEAR 2024...Shopping channels have changed a bit since you were a kid
https://i.imgur.com/U7ZOJ9z.jpg

[Malin Keshar]

no volume on Huobi.

This is something to fear

[Davyd05]

and counter bearwhale dump lol
?

and all the exchange react

[Omikifuse]

nice red dildo

can't say it is unexpected

[ChartBuddy]

Explanation

[Omikifuse]

Explanation

why green is bigger and bigger, but price keeps going lower and lower?

[Erdogan]

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them.

"As a response to the decline in the bitcoin price during the quarter, the company decided to reduce the number of bitcoins sold from its mining operations. It plans to sell its mined cryptocurrecy when the market value tilts in its favour."

http://www.zdnet.com/bitcoin-hoard-no-remedy-for-negative-cashflow-7000034841/

[Omikifuse]

Whales forcing fishes to sell low... With 3d macd turning green, this is probably last chance to get coins at this price  

people saying it since the 500+ level

[JimboToronto]

Explanation

why green is bigger and bigger, but price keeps going lower and lower?

Bitcoin can be moved onto and off of an exchange in minutes. Fiat takes days.

Smart people try to leave coins off exchange and move them on only to trade and get them safely into cold storage as soon as possible.

Because fiat takes so long to move, it becomes necessary to leave it on exchange longer, so people leave it in the form of bids, often staggered but sometimes as distinct walls.