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

[ChartBuddy]

Explanation

[NotLambchop]

...[Bitcoin] infrastructure is also becoming more and more robust on a daily basis.
... huge mining operations dumping to pay their bills...

ic.

[mmitech]

Right know even ripple seems to be doing better than Bitcoin, which BTW reminds me about the ripple troll, where is he  ? usually he shows up when the price is dropping...

[abercrombie]

[POM]

[Erdogan]

Somebody check Satoshi's wallets!

holy shit 

WHOA thats a ton of coins? Has bitstamp confirmed that is their address?!

SHIT!!!!

Now we are really going down!!!

[exocytosis]

You earlier mentioned you are waiting to buy bitcoin at a lower price than it is now.

I say a lot of things in jest. I'm probably not gonna buy more bitcoins anytime soon. Because Bitcoin really does seem to be going down, whether we like it or not.

And no, I don't like it.

So why are you here? Posting every few minutes? Curious.

As I mentioned in another thread earlier today, approximately 5% of my net worth is placed in BTC. Since I'm only 95% sure BTC will fail.

But I wanna be honest with people, and not try to lure clueless newbs into a speculative bubble where they'll risk losing their sanity and all of their money. That's why I don't post permabullish spam like the cultists do.

If Bitcoin fails because of the bearish posts of a single guy (or several guys) on these forums, then Bitcoin doesn't deserve to exist in the first place. Good riddance.

Let's hope I'm proven wrong in my bearishness.

Oh, and I don't post much unless there's some volatility in the markets. I've posted a lot today, since the price has been falling quite a lot today. It's fun to argue with cultists and permabulls in these bearish times.

[Wandererfromthenorth]

aaaaawww shit 

[adamstgBit]

[exocytosis]

Somebody check Satoshi's wallets!

holy shit 

WHOA thats a ton of coins? Has bitstamp confirmed that is their address?!

SHIT!!!!

Now we are really going down!!!

Hmmm ...

[crazy_rabbit]

Interpretation?

[Wandererfromthenorth]

Got a link for that?

http://www.bfxdata.com/combined/btc.php

[Erdogan]

If I sense correctly, it seems now real bulls and early adopters are starting to feel fear or at least getting annoyed and moody. What are those walls pushing us down? Are they organic selling or something else?

Oh, it's the evil banksters manipulating the price of course. You see, according to the cultists: Whenever BTC price goes down, it's price manipulation. Whenever it goes up, it's a healthy market discovering the "true price" of Bitcoin. That's why the cultists always ignore Willybot, Markus and the other Gox bots that created every BTC bubble in the first place. They deny the very existence of those bots, since they don't fit neatly into the narrative of organic growth and a healthy market ruled by supply and demand.

That's why the permabulls and cultists always talk about "bear whales" supposedly "manipulating" the price to buy huge amounts of "cheap coins".

They can't face the simple fact that ordinary people (and smart investors) simply aren't interested in ridiculous internet funbux. And they aren't suddenly gonna become interested, even when the price crashes to single digits, where it rightfully belongs. In fact, they'll be even less interested then than they are now.
 

internet funbux are still

Scarce
Durable
Portable
Divisible
Impossible to counterfeit
Fungible ( any 1 BTC has the same value as any other )
Easy to keep safe ( contrary to popular belief, it easy to print out a paper wallet...)
Shiny ( yes the digital bits that make up a bitcoin are VERY shiny)

Also they have a rounded shape. Which is nice.

Every address is rounded to an integer,  which is nice.

[Wandererfromthenorth]

Interpretation?

Price is going down, both longs and shorts are going up a little bit (but not too much).
The vast majority of the coins dumped are real BTCs and not just shorts.

Shorts are not particularly high compared to longs so a short squeeze is not that probable now.

[adamstgBit]

Interpretation?

Price is going down, both longs and shorts are going up a little bit (but not too much).
The vast majority of the coins dumped are real BTCs and not just shorts.

Shorts are not particularly high compared to longs so a short squeeze is not that probable now.

agreed.

shorts are really quite high tho, they are nearing ATH levels.

[hyphymikey]

Are we finally going to get our <350 coins?

[gnode]

Somebody check Satoshi's wallets!

Not Satoshi's, more like Hal Finney's.

Everybody is missing the obvious. The coins being sold are Hal's.
He was the first to receive coins from Satoshi.
He probably had 500,000 maybe more.
He started cashing in June 1.
His family is still cashing in coins but it will end soon.

[adamstgBit]

Are we finally going to get our <350 coins?

maybe next sunday.

[crazy_rabbit]

Somebody check Satoshi's wallets!

Not Satoshi's, more like Hal Finney's.

Everybody is missing the obvious. The coins being sold are Hal's.
He was the first to receive coins from Satoshi.
He probably had 500,000 maybe more.
He started cashing in June 1.
His family is still cashing in coins but it will end soon.

I thought he sold everything awhile ago to pay for his medical care, I remember a big post thing about it....

[gnode]

Somebody check Satoshi's wallets!

Not Satoshi's, more like Hal Finney's.

Everybody is missing the obvious. The coins being sold are Hal's.
He was the first to receive coins from Satoshi.
He probably had 500,000 maybe more.
He started cashing in June 1.
His family is still cashing in coins but it will end soon.

I thought he sold everything awhile ago to pay for his medical care, I remember a big post thing about it....

Apparently not!

If you had >500,000 coins would you tell everybody?

It is much better to say that you sold them all!