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

[brg444]

Has anything interesting happened in the last month or two?

look up

[telemaco]

With so many bots on bitcoin world, sure one or two use the number of posts in bitcointalk to predict the price.

Someone must be rich now after shorting all the time :-)

/jk

[ShroomsKit]

I got bad news fellas, Snapcash just beat bitcoin, big time. I would cut your loose as I am sure Snapchat will be the go-to for secure payments across the globe

Oh dear, a new centralized payment processing system! After it launches I give it 30 days MAX before it's hacked.

People don't care about that. Even if you explain it to them most of them would still prefer it over Bitcoin.

[BTC_Hodler]

I've started buying BTC lately, on the hope the price skyrockets like it did last year.

The price has been quite stable the past 4 days.

My prediction.
Short term (1 month or so) I'm thinking BTC will keep bouncing around between $350 and $450.
Mid term (2 - 4 months) price will rise to $600 or so.
Long term (>1 year) It will be rare to see BTC below $1,000

[redsn0w]

[mymenace]

I got bad news fellas, Snapcash just beat bitcoin, big time. I would cut your loose as I am sure Snapchat will be the go-to for secure payments across the globe

would be good to see something that provides not just a money transfer but a whole new finance system, wish there was something out there, something like a chain of transactions that hold more than just receipts

helps reduce transaction costs, government taxes from banks, etc etc etc


ohh ohh ohh there is also www.circle.com send your money to anyone in the world not just from a debit card but bitcoin as well and your money is insured too.


no no no wait apple pay now we are talking

[Wary]

Has anything interesting happened in the last month or two?

Usual boring stuff. Bitcoin price got below one-year-ago. A 3-billion hedge fund started trading on OKCoin. Ulbricht's 50K coins will be auctioned in a couple of weeks time. Micro-rally to 450 with following drop below 400. The only really interesting thing - Adam had mysteriously disappeared for a week, but came back.

EDIT: oh, and two new memes:
1 Bearwhale. Somebody dumped 30K coins in a stupid way (i.e. with big loss).
2 It is gentlemen. Euphemism for a rally.

[ChartBuddy]

Explanation

[telemaco]

I got bad news fellas, Snapcash just beat bitcoin, big time. I would cut your loose as I am sure Snapchat will be the go-to for secure payments across the globe

would be good to see something that provides not just a money transfer but a whole new finance system, wish there was something out there, something like a chain of transactions that hold more than just receipts

helps reduce transaction costs, government taxes from banks, etc etc etc


ohh ohh ohh there is also www.circle.com send your money to anyone in the world not just from a debit card but bitcoin as well and your money is insured too.


no no no wait apple pay now we are talking

or nxtty or gems. Very soon there will be loads better than snapchat, decentralized + anonymous + open source

[aminorex]

Has anything interesting happened in the last month or two?

Usual boring stuff. Bitcoin price got below one-year-ago. A 3-billion hedge fund started trading on OKCoin. Ulbricht's 50K coins will be auctioned in a couple of weeks time. Micro-rally to 450 with following drop below 400. The only really interesting thing - Adam had mysteriously disappeared for a week, but came back.

Now that was a tidy little nut-shell zeitgeist digest.  Thanks.

[Wary]

Has anything interesting happened in the last month or two?

Usual boring stuff. Bitcoin price got below one-year-ago. A 3-billion hedge fund started trading on OKCoin. Ulbricht's 50K coins will be auctioned in a couple of weeks time. Micro-rally to 450 with following drop below 400. The only really interesting thing - Adam had mysteriously disappeared for a week, but came back.

Now that was a tidy little nut-shell zeitgeist digest.  Thanks.

Welcome. Also look for the edit of the post.

[telemaco]

haha Snapcash, was the guy serious, lol
http://www.bbc.co.uk/news/business-30091550

"Snapcash is a partnership with payment-processing firm Square, which offers its own stand-alone friend-to-friend payment app called Square Cash."
so it's just a messaging app implementing an already existing payment app, so nothing new or groundbreaking.

"The service will only be available to Snapchat users in the United States who are over 18 years old."
yeah quick everyone dump Bitcoin for Snapcash, unless of course you are one of the millions of people who don't live in America.

"Almost immediately, the news of the money-sending feature was met with some raised eyebrows, as Snapchat has struggled with several high profile security breaches."
take my money now !!! sounds amazing

"earlier in the year, in January, at least 4.6m user accounts were compromised by hackers, who posted usernames and phone numbers on the web."
fantastic  where do i sign up?

well m-pesa is working in some countries, but maybe it is just too young. Greed will put everything in their right place. Just a few years of life and the owners or the government greed will make people choose a more fair system.

I guess we bitcoiners rely on total decentralization. if that is not needed, any system with hyperledger could work

[aminorex]

By the way, for the monkey fans: Sell US equities, buy long bonds over the next week or three.  Very ambiguous BTC picture right here, possibly a generational low in commodities, either here now or upcoming soon.  Definitely not too early to start averaging into a metals position.  Energy could stand another leg down, however unlikely that may seem.  Europe seems due for some upside but monkey hasn't called it yet.

All of which is only now coming up on my radar:  After Kuroda's Halloween massacre all the easy money was in the short yen trade, so the monkey took the backseat.  The easy money is gone now, and short yen is likely to see volatility levels painful for the simple pat position holder - but potentially deliriously lucrative for the swing trader, trading large around a smaller fixed short mean position.

[JorgeStolfi]

A 3-billion hedge fund started trading on OKCoin.

What OKCoin's tech guy actually said:

Also very exciting, we have a new client. I cannot disclose the name yet. It’s a €3 billion market cap client. They just do hedge fund trading, and they’re going to be trading on our platform.

Note that the source did not say "trading bitcoin" or "on our bitcoin exchange".

There has been no confirmation of clarification from OKCoin after that interview, in spite of many articles claiming that "OKCoin confirms..."

[nanobrain]

It is gentlemen. Euphemism for a rally.

Did it really mean that?  I thought it was more sort of a nonsensical Doge "Learism".  But I guess everyone is clinging to any old straw as a rally these days.

Tuesday and its looking more and more like the events of last week were similar to the false reversals that have been a feature of 2014: support on Stamp is etiolated, resistance building by the hour.  It looks like that feeble ask "wall" of 500coins at 392 (more like a fence) is enough to keep a lid on things.

[jaberwock]

A 3-billion hedge fund started trading on OKCoin.

What OKCoin's tech guy actually said:

Also very exciting, we have a new client. I cannot disclose the name yet. It’s a €3 billion market cap client. They just do hedge fund trading, and they’re going to be trading on our platform.

Note that the source did not say "trading bitcoin" or "on our bitcoin exchange".

There has been no confirmation of clarification from OKCoin after that interview, in spite of many articles claiming that "OKCoin confirms..."

What more could they trade on OKCOin platform if not Bitcoins or cryptos?

[telemaco]

BTCChina: Our new elegant payment gateway, JustPay is officially live! Start accepting #bitcoins now. pay.btcchina.com pic.twitter.com/sfSOBu3W5K

[JorgeStolfi]

It is gentlemen. Euphemism for a rally.

It was "This is gentlemen", a mangle of "This is it, gentlemen!"

https://bitcointalk.org/index.php?topic=855789.40

[JorgeStolfi]

A 3-billion hedge fund started trading on OKCoin.

What OKCoin's tech guy actually said:

Also very exciting, we have a new client. I cannot disclose the name yet. It’s a €3 billion market cap client. They just do hedge fund trading, and they’re going to be trading on our platform.

Note that the source did not say "trading bitcoin" or "on our bitcoin exchange".

There has been no confirmation of clarification from OKCoin after that interview, in spite of many articles claiming that "OKCoin confirms..."

What more could they trade on OKCOin platform if not Bitcoins or cryptos?

It could mean that they are going trade their fund shares using OKCoin's software and/or servers.

Sorry to repeat this, but the rally from ~370$ to ~450$ starting Nov/12 must have been caused by this rumor being interpreted by everybody as "the fund will start trading bitcoin on OKCoin".  The timing matches, and the rally was clearly pulled by OKCoin.  The crash over the next two days, then, must have been caused by lack of confirmation of that rumor; comments on reddit and here became skeptical.  Perhaps Chinese traders got some clarification or denial by OKCoin, I don't know.  Anyway it seems that the rumor is not quite dead yet, which may explain the ups and downs since then.

[ChartBuddy]

Explanation