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

[prophetx]

i cannot guess at the intelligence of anonymous individuals and their ability to apply basic logic.
those funds are lost if they cannot provide an ID, and if they get caught with a fake those funds are also lost.... that has been known for 1 year or so.
if not verified, funds are lost. period.  basic logic.  being able to withdraw without ID lasted until end of sept or octo 2013 right before the SR take down....
you really think someone is going to trade on an account they cannot withdraw funds from?  at best they sell it to someone else at a discount and they try to get the funds out and take the risk.

What if you are one of their clients, and then suddenly they tell you that you have N days to provide document X or your funds are lost (that's right, not blocked until you provide the document, just fucking lost). Then they proceed to justify this action with a reference to a blog post of a year ago...

well let see i actually am one of their clients

and last year i got an email (not blog post) saying i need to verify and after 30 days i would not be able to withdraw btc/dollars without ID...

i didn't.... if i didn't provide an ID my funds would have been lost anyway.... at least that is the thought that entered my mind... i can only speak from actual experience, but i guess in this forum logic does not carry any weight...

so when i logged in about a year ago and tried to take out some btc and was blocked...

hmm.. what to do... what to do...

oh that's right... send them my ID, utility bill, etc.... because i am not running a criminal enterprise...

anyway i am not saying it is right/wrong moral/immoral, what i am pointing out (you may have missed the start of this discussion) is that this is certainly not the impetus for the 10% rally we are seeing for the reason i have outlined above and for other reason.  sure it is likely not fair that they had a no ID policy and then changed their tune, but people did have 30 days to take out their BTC last year.  if i had not been lazy i could have taken my btc off  bitstamp without ID just like anyone else.

as a side note it is fun seeing the people who post on here and clearly lack the ability to think logically, it is no wonder some of us can realize way above average returns in our crypto portfolios.

[Newbie1022]

so is everybody expecting a crash here?

I am, but I am not crazy enough to try to time it (here, 390, or 410). I'll jump along for the ride once it gets going.

[Walsoraj]

so is everybody expecting a crash here?

Yes, everybody.

[grappa_barricata]

well let see i actually am one of their clients
and last year i got an email (not blog post) saying i need to verify and after 30 days i would not be able to withdraw btc/dollars without ID...
i didn't.... if i didn't provide an ID my funds would have been lost anyway.... at least that is the thought that entered my mind... i can only speak from actual experience, but i guess in this forum logic does not carry any weight...
so when i logged in about a year ago and tried to take out some btc and was blocked...
hmm.. what to do... what to do...
oh that's right... send them my ID, utility bill, etc.... because i am not running a criminal enterprise...
anyway i am not saying it is right/wrong moral/immoral, what i am pointing out (you may have missed the start of this discussion) is that this is certainly not the impetus for the 10% rally we are seeing for the reason i have outlined above and for other reason.  sure it is likely not fair that they had a no ID policy and then changed their tune, but people did have 30 days to take out their BTC last year.  if i had not been lazy i could have taken my btc off  bitstamp without ID just like anyone else.
as a side note it is fun seeing the people who post on here and clearly lack the ability to think logically, it is no wonder some of us can realize way above average returns in our crypto portfolios.

I see, sorry didn't know the details (i'm not their client).

[podyx]

so is everybody expecting a crash here?

I am, but I am not crazy enough to try to time it (here, 390, or 410). I'll jump along for the ride once it gets going.

I'm curious, how big of a crash are you thinking?

[grappa_barricata]

[ChartBuddy]

Explanation

[Newbie1022]

so is everybody expecting a crash here?

I am, but I am not crazy enough to try to time it (here, 390, or 410). I'll jump along for the ride once it gets going.

I'm curious, how big of a crash are you thinking?

306 or 307. And I am looking for us to turn downward somewhere in the 380-390 window. Reasons:
(1) A lot of unused shorts on BFX right now;
(2) BFX lagging the other markets (usually that's a sign of reversal in the leverage game);
(3) News isn't terrible, but isn't great either and not enough to change the vibe;
(4) Would make sense as a continuation on the waves in the 1d chart if you chalk the move from $330 to $275 a while back as a mini-flash crash (a lot of longs got burnt or nervous and the market really should have stayed in the $320-$330 range, then).

That's what I'm seeing off the charts. Nothing too complicated or dire... just a continuation of the existing broader trend.

[mskryxz]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

[Newbie1022]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

Because the moving of BTCs from people holding them to retailers who are required to dump them damn near immediately due to risk concerns and accounting conventions has always been bullish. Please take special note of the sarcasm in that comment -- it may save you your lunch money. 

[ShroomsKit]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

Let's hope so because the traders and dumpers will try everything they can to take us down.
They won't sleep well unless they know we're going down. It's as if it's their life mission.
There is no way they will accept that their coins become worth more.

[Newbie1022]

Might see 400 by end of Nov especially with Black Fri coming around. We've hit new highs in transactions per day and we haven't even hit Black Fri yet.

Let's hope so because the traders and dumpers will try everything they can to take us down.
They won't sleep well unless they know we're going down. It's as if it's their life mission.
There is no way they will accept that their coins become worth more.

Dude, you aren't very good at this. Like donate your money to charity or something because you never have a read on where the market is going... like ever. Never ever. What is it that one witty poster wrote -- "it doesn't mean it's manipulation just because your autism says that the price should go up." That applies to you, sir.

[grappa_barricata]

Let's hope so because the traders and dumpers will try everything they can to take us down.
They won't sleep well unless they know we're going down. It's as if it's their life mission.
There is no way they will accept that their coins become worth more.

Behold! Your natural predator: 

[elasticband]

[Erdogan]

Cumulatively, the ruble has shed 25% of its value in 2014 alone, making it one of the worst performers in the money markets.
https://www.cryptocoinsnews.com/russian-rubles-depreciation-trigger-bitcoin-run/

now we can add Russia to the list of countries who are flirting with complete economic turmoil.
https://www.cryptocoinsnews.com/another-fiat-currency-crisis-pops-russia-ruble-falls/

Great news for Russia....just imagine how bad it would have been, if it was the other way, if the ruble had appreciated...

[KFR]

It would be wise not to ever take the Huobi order book at face value.  Shenanigans and stunts.  Take a look at the depth history.

[riiiiising]

What do you guys think the price on Halloween will be? I'm still thinking $800, at least.

[indiemax]

What do you guys think the price on Halloween will be? I'm still thinking $800, at least.

what? Halloween 2015

[elasticband]

What do you guys think the price on Halloween will be? I'm still thinking $800, at least.

what? Halloween 2015

well we all know the price on past halloweens so logic would dictate a halloween in the future and 2015 being the coming year it is reasonable to assume this is they year in question. bit of volcan columbo for ya there.

[hdbuck]

http://www.badtaxidermy.com/