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

[coolbeans94]

Since this is a speculation thread, I'm calling 10,000 in the next 24 hours... Grab (another) bag of popcorn folks.

[hifzi]

did you guys still believe chinese price??

they are just faking volume, there no actualy buy or sell,
they just hold bitcoin, the exchange just pump without money

[Ibian]

did you guys still believe chinese price??

they are just faking volume, there no actualy buy or sell,
they just hold bitcoin, the exchange just pump without money

So?

[coolbeans94]

Since this is a speculation thread, I'm calling 10,000 in the next 24 hours... Grab (another) bag of popcorn folks.

Keep in mind hitting 10,000 is "only" 13% more now!

[eddie13]

did you guys still believe chinese price??

they are just faking volume, there no actualy buy or sell,
they just hold bitcoin, the exchange just pump without money

It's real money alright..
I know because I'm taking it..

coinbase playing with $20 higher than bfx leading all western prices..

[notme]

I smell conspiracy.  Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?

Nope.  Coinbase has their own exchange now: https://gdax.com

[savetherainforest]

Is the year of the bunny in the Chinese calendar here yet??  








*edit:   In 2023 is the year of the 'water rabbit'.  

[tabnloz]

8,800 Incoming... I said it before, and say it again:

Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.


8,800? I mean why not right?

Yeah. Continuing devaluation and rumors of capital controls.

8,850 Why not??? Just print moar fiat! No problem!

It's not really the "money printing", its the loss of purchasing power (symptom of this though; devaluation and strengthening USD), and fear of being locked in to a devaluing currency. It's part of a bigger trend. Bitcoin is just a protocol and conduit.

[coolbeans94]

8,800 Incoming... I said it before, and say it again:

Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.


8,800? I mean why not right?

Yeah. Continuing devaluation and rumors of capital controls.

8,850 Why not??? Just print moar fiat! No problem!

It's not really the "money printing", its the loss of purchasing power (symptom of this though; devaluation and strengthening USD), and fear of being locked in to a devaluing currency. It's part of a bigger trend. Bitcoin is just a protocol and conduit.

Limitless Unrestrained money printing via fractional reserve banking = Loss of purchasing power. Even with the fixed exchanged rate of CNY/USD. The thing is it is a fixed exchange rate = fake exchange rate; if all restrictions were lifted and we had a free market exchange rate what you would see is exactly what your are seing in CNY/BTC.

[Torque]

I smell conspiracy.  Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?

Nope.  Coinbase has their own exchange now: https://gdax.com

Yeah but when they run out of coins, they have to get them from somewhere else.

[eddie13]

 Chinese miners sell on chinese exchanges.

Why?
Wouldn't they also rather have btc or usd?

[mb300sd]

Stamp must be out of USD. Coinbase, Gemini, GDAX.. so much easy arb.

[JayJuanGee]

I smell conspiracy.  Naked short selling at Stamp to hold down price? They are Coinbase's main exchange, amiright?

I don't have a link, but I think that coinbase largely discontinued that relationship with Stamp a couple of years ago, once GDAX opened up, Coinbase went their own way with figuring out their liquidation issues. 

Sure, maybe every once in a while in a pinch Coinbase may have the option to process coins through Stamp, but I don't think that Stamp is any kind of go to for Coinbase like they were in 2013-ish.

[Mrpumperitis]

https://alternativeeconomics.co/blogline/54906-bitcoin-explodes-higher-as-chinese-money-market-liquidity-collapses   3hrs ago
 Bitcoin Explodes Higher As Chinese Money Market Liquidity Collapses



As one veteran trader noted “something is very broken.“ After a massive short-squeeze stronger in offshore yuan during the day session, overnight yuan deposit rates have exploded 31.5 percentage points higher to 45% - just shy of the record highs - as China's liquidity crisis is front-and-center. At the same time, coincidence or not, Bitcoin has gone vertical, smashing through previous record highs.

The People's Bank of China injected CNY10 billion via seven-day reverse repos and skipped 14-day reverse repos at its open-market operations Thursday, according to traders.

    The moves resulted in a net drain of CNY140 billion for the day.
    The central bank has removed CNY435 billion in liquidity at OMMOs so far this week.

Utter desperation for liquidity has prompted deposit rates to explode.....



CRYTPO GOOONAAA MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
       

[coolbeans94]

https://alternativeeconomics.co/blogline/54906-bitcoin-explodes-higher-as-chinese-money-market-liquidity-collapses   3hrs ago
 Bitcoin Explodes Higher As Chinese Money Market Liquidity Collapses



As one veteran trader noted “something is very broken.“ After a massive short-squeeze stronger in offshore yuan during the day session, overnight yuan deposit rates have exploded 31.5 percentage points higher to 45% - just shy of the record highs - as China's liquidity crisis is front-and-center. At the same time, coincidence or not, Bitcoin has gone vertical, smashing through previous record highs.

The People's Bank of China injected CNY10 billion via seven-day reverse repos and skipped 14-day reverse repos at its open-market operations Thursday, according to traders.

    The moves resulted in a net drain of CNY140 billion for the day.
    The central bank has removed CNY435 billion in liquidity at OMMOs so far this week.

Utter desperation for liquidity has prompted deposit rates to explode.....


CRYTPO GOOONAAA MOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOON
       

8,800 Incoming... I said it before, and say it again:

Indicators are meaningless when the Chinese are just printing fiat money infinitely. You have to keep in mind the Chinese have been printing unlimited amounts of fiat at a faster pace than anyone else, but try to prevent it from leaving the country on the official fiat money exchange rates. They will try to maintain a fiat exchange rate fix as long as possible, so they maintain purchasing power, but it is really just like Monopoly money to them. Bitcoin/crypto may be a way of escape.


8,800? I mean why not right?

Yeah. Continuing devaluation and rumors of capital controls.

8,850 Why not??? Just print moar fiat! No problem!

It's not really the "money printing", its the loss of purchasing power (symptom of this though; devaluation and strengthening USD), and fear of being locked in to a devaluing currency. It's part of a bigger trend. Bitcoin is just a protocol and conduit.

Limitless Unrestrained money printing via fractional reserve banking = Loss of purchasing power. Even with the fixed exchanged rate of CNY/USD. The thing is it is a fixed exchange rate = fake exchange rate; if all restrictions were lifted and we had a free market exchange rate what you would see is exactly what your are seing in CNY/BTC.

The fixed exchange rate is about to break..... or is already breaking.

EDIT: Central bank can only hold the fix so long. They are already tapping into hundreds of billions reserves to try to hold the line (fix).

[Mrpumperitis]

https://www.cryptocoinsnews.com/bitcoin-makes-history-reaches-gold-parity/
Reaching gold parity is an historical milestone for the eight-year-old digital currency which has grabbed the world’s imagination since its invention, spurring thousands of likewise blockchains, with the most prominent, Ethereum, which extends the capabilities of this new invention to that of fully programmable money.

If it maintains it, the event will probably be seen as the tipping point as the permissionless, decentralized, cost efficient, limited, programmable money, which even the United States government accepts cannot be shut down and a member of Trump’s administration states is “not manipulatable by any government,” finally announces its arrival on the world stage, regardless of what price now does.

[jbreher]

...Stamp ... They are Coinbase's main exchange, amiright?

No. Coinbase == GDAX

edit: nevermind - I see it's already been addressed. sorry.

[Searing]

No need to thank me...I sold out at $1154 usd about 3.6 BTC to pay off the last of my KNC Liquidation Titans from the summer.
(6 of them) took out 11.4k home equity loan on the fact they would pay themselves back...boy was I right

cool beans

also 1k i owed a guy for stuff in BTC

Had to do it....I remember I COULD HAVE gotten my 2013 nov original Neptune from knc for like 13 btc at the last ATH and paid cash instead
ouch.....so fear of looking like an ass if it dumps back to a reasonable (or at least last month in my view) price of say 900 usd

took my profits and ran ran like the wind

kinda cool send someone 1k and it was 0.86 btc or some such...much much nicer than Jan 1st 2016 don't ya know

I guess my next panic sale to cover my but of some BTC will be around the $1,650 btc price...hell the way that is going we could be there

by Feb 1st 2017 for crying out loud.

(we also serve who cash out and run away to help the pump of BTC into circulation)

man this is great on so many levels

so was these guys




then again it was only 3.6 BTC...maybe it was more of a 'slow walk' on my part.....


of course if the price pumps from now on you have me to thank (its a gift)

[Karartma1]

When I am typing this is the US Dollar price comparison among these exchanges
Bitstamp 1117.93
BTC-e 1089.48
Bitfinex 1149.9
Okcoin 1169

Everybody can have his own price 

[79b79aa8d5047da6d3XX]

traders at stamp are completely out of cash.
price glued at $1,118, $40 below spot. nobody arbing until deposits come in.