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

[shmadz]

What's up with CaVirtex, it's been lagging all afternoon / evening I've exhausted my fiat over there, otherwise I'd give it a nudge, I bet that's Adam cleaning out his closet.

That's discouraging.

I like that debit payment feature, even though it's a low daily limit.

instant funding of fiat and withdrawal of crypto is the crowning achievement of virtex

[lyth0s]

Price is intermittently testing $470 on bitfinex, but back to 464 for now.

As usual, everyone focuses on the USD markets. Why? They dictate nothing. Watch CNY if you care to know what's happening in real time instead of derivatives. Unless of course, they decouple. But that's never happened to any significant degree.

Well short term I don't care about price at all actually (unless it drops enough to margin call my first order today).

I look at USD valuations for 2 reasons.

1) I don't trust any chinese site for accurate volume information and IF there were to be a Mt. Gox #2 I'd 1/2 expect it to be one of the CNY exchanges...just my personal take on it.

2) When it comes time for me to purchase goods, the goods I buy are priced in USD equivalents not CNY. I'm also much more familar with relative pricing between a $10 USD rise vs a $50 USD rise etc. CNY are in the thousands (2800 for example) and for my small brain to understand how big of a change from 2800 to 2810 or 2850 is, I have to first calculate percentage change and then compare that with USD equivs. And that completely ignores that china has a lower cost of living than the US, meaning that even % change may not be actual equivalents in terms of QoL.

[Room101]

Been a long time since i got so many positive bitcoin paranoid notifications in such a short space to time. Now if only gold would stop tanking....

[ask]

No one wants to take my 300 BTC at $460. We should go down.

[lyth0s]

Here is the $450's correction. Next stop $480 or wayyy down imo. I'm not a trader though, so don't listen to my predictions

[shmadz]

No one wants to take my 300 BTC at $460. We should go down.

Make it happen already, I can't wait forever.

[Searing]

https://bitcointalk.org/index.php?topic=852436.0;topicseen

on mining and profitability wonder if this is not kinda coming into play in price adjustment

[Malin Keshar]

No one wants to take my 300 BTC at $460. We should go down.

wait 24 hours and sell for more.

Maybe even 500

[ask]

No one wants to take my 300 BTC at $460. We should go down.

wait 24 hours and sell for more.

Maybe even 500

Sold. Thank you. See you soon

[lyth0s]

Newbie I'll give you some advice that was once given to me back in 2011. Buy some bitcoins with money that you can afford to lose. Hold it for 2 years and you'll probably be VERY happy with the outcome.

My advice:
You should buy at least 0.08BTC, but I recommend at least 1 coin if you can. Put it into storage and consider that money as "gone" until xx date. Then keep doing what you do with day trading or w/e. If you feel that you don't have the self control to hold onto any coins for xx time or until xx date I will even offer to hold them for you.

And this advice applies whether or not BTC price skyrockets from here, or crashes back down to $300.

You're still in the early game of bitcoin. You should never be without some coins in storage in case one day the price just skyrockets and leaves you behind holding fiat.

[SkyValeey]

I think this is typical pump by okcoin and btcchina with much more than 50% fake volume at 0% fees.
I don't know where this is going, but this is weird

[hodlmybtc]

Is it me or is it clearly the almost single wrong moment this year to sell BTC?  

[lyth0s]

Is it me or is it clearly the almost single wrong moment this year to sell BTC?  

Depends on what you think BTC price will do next, not based on where it currently is.

[cbeast]

Is it me or is it clearly the almost single wrong moment this year to sell BTC?  

Depends on what you think BTC price will do next, not based on where it currently is.

especially the next 24 hours.

[lyth0s]

Price on bitfinex has been able to hold in mid $450's (current 457.66 and my estimate was at 458) for almost 15 minutes without a panic sell. Very bullish. I'm leaning toward $480 tonight, but we will have to see if any bear dolphins come out to play.

[shmadz]

No one wants to take my 300 BTC at $460. We should go down.

wait 24 hours and sell for more.

Maybe even 500

Sold. Thank you. See you soon

I applaud your effort, nice to see some responsible actors try to stem the tide,

I pray it will be enough.

[lyth0s]

Volume is low on finex. Super low on bitstamp. CNY exchanges are still high volume (lol? IDK).

Anyone know if the CNY exchange are doing the 2x volume on bitcoinwisdom charts? I know they said they'd keep the 1x chart for the western countries but I never paid attention to what data bitcoinwisdom pulls.

[hodlmybtc]

Volume is low on finex. Super low on bitstamp. CNY exchanges are still high volume (lol? IDK).

Anyone know if the CNY exchange are doing the 2x volume on bitcoinwisdom charts? I know they said they'd keep the 1x chart for the western countries but I never paid attention to what data bitcoinwisdom pulls.

Somewhere I read up to 5x-10x because of zero fees and HFT.

[ChartBuddy]

Explanation

[Raystonn]

The rocket will launch after the countdown.  That means page 9876.

Who knew?