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

[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.

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.

People can control the market in quiet times with fuck all news.

Nobody is controlling shit if we start seeing widespread adoption in years to come.

[ChartBuddy]

Explanation

[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.

People can control the market in quiet times with fuck all news.

Nobody is controlling shit if we start seeing widespread adoption in years to come.

Well said.

[LFC_Bitcoin]

It's a big 'if' obviously.

We're in a rut at the moment but the price means nothing at this stage.

Let day traders try & get excited about making peanuts (10 dollars per BTC).

I haven't got time for that.

We wait patiently for big news, 1 week, 1 month. 1 year, 10 years whatever.

[nioc]

...
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?

doin' what comes natur'lly

https://www.youtube.com/watch?v=t1R1-oRO6RY

[NotLambchop]

..
Let day traders try & get excited about making peanuts (10 dollars per BTC).

I haven't got time for that.
...

[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?

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.

1st Dec

[LFC_Bitcoin]

..
Let day traders try & get excited about making peanuts (10 dollars per BTC).

I haven't got time for that.
...

Oh Lord Jesus it's a fireeeee

[adamstgBit]

[spooderman]

Where do I take advantage of these deals?

[spooderman]

You think bitcoin's having a bad year? http://uk.investing.com/commodities/crude-oil-streaming-chart 

[ChartBuddy]

Explanation

[ParabellumLite]

You think bitcoin's having a bad year? http://uk.investing.com/commodities/crude-oil-streaming-chart 

I believe I can see where OPEC made its announcement on that chart ^^.

[madmat]

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.

Thanks for this post. Very short and concise summary. You are not the kind of people I have in my ignore list.

[NotLambchop]

BTCeanie BTCabies fun fact:

"...During the wake of Beanie Babies' Bitcoin's success, Beanie Baby Bitcoin-centric publications were issued. One of the largest was Mary Beth's Bean Bag World Coin Desk, a monthly magazine blog dedicated to Beanie Babies Bitcoin and competing plush toys. toy currencies."

This is BTCeanie BTCabies fun fact #2.  Collect them all!

[ChartBuddy]

Explanation

[LOBSTER]

Crazy...volume as never before The price is still low

[redsn0w]

In this round of poll  I've voted for >400 $ , and I hope to see this price  on 4th December.

[adamstgBit]

Where do I take advantage of these deals?

bitstamps.

or bitfinex

...

wherever bitcoins are sold!

 

[adamstgBit]

http://www.bitcoinblackfriday.com/

spend Spend SPEND!!