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

[YourMother]

Satoshi is dumping for the almighty fiat. He knows that he can't purchase that $50M villa in Costa Rica with Bitcoin. He went "fuck it", this is already taking too long for mass adoption

[maranello1561]

Keep in mind this price drop is when the Chinese are still sleeping. Just wait till the commies wake up in a few hours. I think today is the day we test $250

[grappa_barricata]

[LOBSTER]

*BE EVIL AND SELL NOW

Would be better

[Tzupy]

LMAO @ BTCChina order book!

[Kipsy89]

bitcoin still faster than sepa

Gotta say that SEPA is quite, fast, though... I mean the delays are mostly because banks are too tired to clear the transactions multiple times a day, I guess. They could be much faster if they wanted to, of course...

[NotLambchop]

Death and devastation...

[chromosoma]

That is it. Say bye bye to BTC. That was a nice experiment but was totally spoiled by speculators

[Wandererfromthenorth]

LMAO @ BTCChina order book!

[rebuilder]

That is it. Say bye bye to BTC. That was a nice experiment but was totally spoiled by speculators

Would you like to elaborate on that?

[luckygenough56]

damn u usd where's my mighty euro. Soon 290 dollars = 290 euros.

[JorgeStolfi]

On OKCoin the price is already a year-long low, back to the value of 13 months ago.

Feels funny for me to be saying this, but I don't think BTC is "done".  Only "BTC in China" seems to be on the way out. Russia may soon ban bitcoin too, but I am not aware of that being a large market. Even with no new markets, Bitcoin will probably survive in the West.

I would not dare guess a price, though, and its potential for e-commerce may remain small.

[shmadz]

Monday's headline in mainstream media:

"Bitcoin under $300; despair and capitulation tear through the Bitcoin enthusiast forums". Quote of the Day: "I can't believe I once believed in bitcoin."

when you start seeing headlines like this, that's when you know it's time to buy.

Also "bitcoin is dead, again"

[maranello1561]

[derpinheimer]

LMAO @ BTCChina order book!

I usually wouldn't say this, but so no one makes a financial decision based on that -- BTC-China orderbook is fake. These fake buy/ask walls appear every time price drops or exceeds 2k. If 2k is approached, all those asks are gone, and 10k of bids appear.

On the other hand, China has a new short time low of 1800CNY. US still hasnt pushed for new lows below $275.

[crazy_rabbit]

On OKCoin the price is already a year-long low, back to the value of 13 months ago.

Feels funny for me to be saying this, but I don't think BTC is "done".  Only "BTC in China" seems to be on the way out. Russia may soon ban bitcoin too, but I am not aware of that being a large market. Even with no new markets, Bitcoin will probably survive in the West.

I would not dare guess a price, though, and its potential for e-commerce may remain small.

Well BTC is definitely not done. But it might be done as a get rich in 20 days type of investment. Although I hate these triple digits, I welcome a slowly growing and stable bitcoin. That's when real institutional money will get involved, when it becomes a nice long term investment. 10% in a year is freaking fantastic. It was ridiculous to expext the return on investment we were having.  

[shmadz]

LMAO @ BTCChina order book!

Holy Crap!

Is the reverse of your signature also true? "Sometimes when it looks too bearish, it's actually bullish" ?

[janos666]

bitcoin still faster than sepa

Gotta say that SEPA is quite, fast, though... I mean the delays are mostly because banks are too tired to clear the transactions multiple times a day, I guess. They could be much faster if they wanted to, of course...

I believe they are making these things as slow as bearable to make it look like some very complicated task rather than a simple automated number crunching in a database to make some people think transfer fees are cheap (and that there is some hard work behind any kind of progress when they make it a little bit faster).
------
BTW It's a nice bloodbath over there (USD/BTC). Thank you for inviting my short position to the party.

[esse83]

LMAO @ BTCChina order book!

I usually wouldn't say this, but so no one makes a financial decision based on that -- BTC-China orderbook is fake. These fake buy/ask walls appear every time price drops or exceeds 2k. If 2k is approached, all those asks are gone, and 10k of bids appear.

On the other hand, China has a new short time low of 1800CNY. US still hasnt pushed for new lows below $275.

True, but that has been established in the trading community for some time now. Then again, most of the numbers presented from China are fake, I mean, we are dealing with China ffs..I lived there for a few years and have some knowledge of their culture. It's all about hustling, gambling and making a quick buck. Bitcoin is perfect for that type of scheme.

it's actually hilarious to watch the buying and selling at BTCCHINA, the order book bears no resemblance to the activity at all. Bobby Lee is not even trying to hide it, lol. Good for him.

[Mickeyb]

Can somebody share with all of us, at what price level does BTC becomes unprofitable for the miners and they start shutting off they rigs and BTC collapses completely? Is this even possible?