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

[Malin Keshar]

I feel bad about selling my ripples a couple of months ago. Now its very obvious that they will replace btc in 2015.

Doge also tripled its value some time ago.

It is now very obvious that Doge is going to crush BTC and ripple in 2015, if not in december

[spooderman]

I feel bad about selling my ripples a couple of months ago. Now its very obvious that they will replace btc in 2015.

When did you become such a troll

[spooderman]

I feel very bad about dogeing my sells a couple of 24 hours ago. Now it's very obvious they will critical in gentlemen.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

Ripple = pump & dump short lived scam



If the figures available at CoinMarketCap.com are to be believed, Ripple value went through a whopping 30% surge in between the November 26th and 27th trading session.

The sudden price explosion helped Ripple to solidify its number two position, in terms of overall market cap. At press time, the approximate gap between the Ripple and Litecoin’s market cap is $28 million. Before the spike, it was noted to be around $14 million.

The most important thing to notice here is the absence of relevant news that justifies Ripple’s skyrocketing performance. Of course, it is well-known that the majority of Ripple units – the XRP – are held by its creators which gives them certain powers to manipulate the market in whichever direction they prefer.

But without dwelling too much into conspiracy theories, there might also be a possibility that Ripple, as a money transmission protocol, is seeing greater adoption from businesses around the globe. But still, the Ripple Labs’ representatives should at least make their current status public, so as to avoid negative publicities.

Meanwhile, cryptocurrency forums are already filled with anti-Ripple posts, with majority of users accusing it to be a scam, or a heavily manipulated cryptocurrency. A Reddit user, who goes by the alias of ‘n00b-hunter’, further accused the XRP/BTC pair to have been pumped on Cryptsy. He writes:

“The reason behind all of this is because people like me who now want to sell XRP for BTC have no liquid way to do so,” he says. “Cryptsy is very cleverly blocking all XRP deposits, meaning people can only buy coins, No one can deposit and sell XRP at the moment; this seems to be pushing the prices up.”

Let’s wait and see if we hear anything official from Ripple to shed some light on the matter.

http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

[NotLambchop]

...
http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

[LFC_Bitcoin]

...
http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

Ripple is a poorly backed joke.

I will enjoy seeing it fail.

[magicmexican]

I feel bad about selling my ripples a couple of months ago. Now its very obvious that they will replace btc in 2015.

When did you become such a troll

There is really not much to talk about now, when the ripple pump becomes the biggest event of the week or so, you know the times are extremely boring.

[ChartBuddy]

Explanation

[spooderman]

Well while we're doing nothing, why don't I shamelessly plug my music? https://www.youtube.com/watch?v=UUq4zxSHNU4

edit: the little spike to 375 felt pretty good. Hopefully this weekend we can retest 400 without it feeling overstretched like last time.

[ParabellumLite]

...
http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

Ripple is a poorly backed joke.

I will enjoy seeing it fail.

As you did the last couple of weeks I presume ^ ^ . Simply face reality and tell yourself this: Bitcoin reached its limit last december already. There is only one way for Bitcoin to go, and it isn't up to new ATH's. Also, the only reason why Bitcoin hasn't fallen much further is because the market is clearly being manipulated by a group of whales which are pretty much working as a cartel at the moment. I expect that large mining companies are part of that agreement, as we apparantly came very close to the break even point of some of the larger ones.  Bitcoin might go up a bit, it might even reach 500 dollars, but after that it is the long, painful grind downwards again.

[adamstgBit]

Well while we're doing nothing, why don't I shamelessly plug my music? https://www.youtube.com/watch?v=UUq4zxSHNU4

edit: the little spike to 375 felt pretty good. Hopefully this weekend we can retest 400 without it feeling overstretched like last time.

nope, not yet.
but be holding ammo!
second gr8est buying opportunity of a lifetime, next exit.

[prophetx]

I feel bad about selling my ripples a couple of months ago. Now its very obvious that they will replace btc in 2015.

When did you become such a troll

There is really not much to talk about now, when the ripple pump becomes the biggest event of the week or so, you know the times are extremely boring.

is there a service that lets me short xrp?

[adamstgBit]

[spooderman]

[img]https://i.imgur.com/hOeKDCM.jpg[/ig]

Don't forget to buy back what you spent!

[LFC_Bitcoin]

...
http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

Ripple is a poorly backed joke.

I will enjoy seeing it fail.

As you did the last couple of weeks I presume ^ ^ . Simply face reality and tell yourself this: Bitcoin reached its limit last december already. There is only one way for Bitcoin to go, and it isn't up to new ATH's. Also, the only reason why Bitcoin hasn't fallen much further is because the market is clearly being manipulated by a group of whales which are pretty much working as a cartel at the moment. I expect that large mining companies are part of that agreement, as we apparantly came very close to the break even point of some of the larger ones.  Bitcoin might go up a bit, it might even reach 500 dollars, but after that it is the long, painful grind downwards again.

Ha haaaaa

Bull shit

[jonoiv]

...
http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

Ripple is a poorly backed joke.

I will enjoy seeing it fail.

As you did the last couple of weeks I presume ^ ^ . Simply face reality and tell yourself this: Bitcoin reached its limit last december already. There is only one way for Bitcoin to go, and it isn't up to new ATH's. Also, the only reason why Bitcoin hasn't fallen much further is because the market is clearly being manipulated by a group of whales which are pretty much working as a cartel at the moment. I expect that large mining companies are part of that agreement, as we apparantly came very close to the break even point of some of the larger ones.  Bitcoin might go up a bit, it might even reach 500 dollars, but after that it is the long, painful grind downwards again.

and when it reaches $500 next week, then $600 the week after that, will you then eat your words?

[ParabellumLite]

...
http://newsbtc.com/2014/11/27/ripple-value-explodes-accused-artificially-pumped/

>artificially pumped

If pumping means "artificially inflating the price," does "artificially pumped" mean doing it naturally?

Ripple is a poorly backed joke.

I will enjoy seeing it fail.

As you did the last couple of weeks I presume ^ ^ . Simply face reality and tell yourself this: Bitcoin reached its limit last december already. There is only one way for Bitcoin to go, and it isn't up to new ATH's. Also, the only reason why Bitcoin hasn't fallen much further is because the market is clearly being manipulated by a group of whales which are pretty much working as a cartel at the moment. I expect that large mining companies are part of that agreement, as we apparantly came very close to the break even point of some of the larger ones.  Bitcoin might go up a bit, it might even reach 500 dollars, but after that it is the long, painful grind downwards again.

and when it reaches $500 next week, then $600 the week after that, will you then eat your words?

If it actually goes beyond 500 dollars? Then I'll take back that part of my statement, although it will likely never break the ATH again. There is still too much money to be made shorting, which will break any serious move upwards.

Although I have to say that this astronomical rise you are describing fits in a row of other predictions that by their very nature seem to be wrong 9 out of 10 times. The bottom has been called literally hundreds of times already (maybe finally correct by now) and we've been predicted to go to the moon thousands of times already. Forgive me if I am a bit wary of someone that just out of nothing predicts another massive rise in price to the 600 region.

Bookmark it if you will, I'll do the same.

[JayJuanGee]

Zoom out on that chart. It paints a different picture. Just cause it doubled doesn't mean anything. Lots of ALTs double over a few days and go back down. Hindsight is easy, its much harder to get timing right and be in a coin when it pumps. Xrp and stellar are at the end of their pumps. The xcp pump is over . in a week or so another alt will pump. Nothing out of the ordinary

On top of that, one week before the bitcoin 1 week MADC is about to turn green.  Lots of noobs will move funds out of bitcoin into ripple, just as ripple will see some sort of dump and bitcoin will rally hard.

Bitcoin will have hit $470 again by Monday and not sure about ripple, I will presume it will crash somewhat, I could be wrong on ripple not done much TA.  But bitcoin is looking very bullish imho.

Why monday ? Auction is the 4th of december, i think we will see more dumps till it is over.

That's my thinking too.  I have a hard time imagining any kind of meaningful rally before December 4.

[JorgeStolfi]

Why monday ? Auction is the 4th of december, i think we will see more dumps till it is over.

Is that what happened last time?

If you un-ignore me just this once, here is what happened last time:

[ Click on image for a full-resolution version.  If the image is truncated, blame the forum (non-)admins... ]

(A) 06-12 Official announcement of ~30'000 BTC auction by USMS
(B) 06-27 (Fri) Auction carried out.
(C) 06-30 (Mon) USMS announces that all lots were taken by a single bidder.

(D) 11-17 USMS announces new 50'000 BTC auction.

Note that there was no drop after he announcement this time.  I do not think that history will repeat itself.

Now you can ignore me again.