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

[pjviitas]

This pretty well says it all...someone is collecting Bitcoin.

http://bitcoinrichlist.com/top100

[colour]

It's that awkward moment where you realise even ShroomsKit makes more sense than the permabulls... 

(sorry ShroomsKit, still love you  )

[tmfp]

"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."

~Bitcoin Jesus
Oct 5th.

[razorramon]

so what's going to happen at money2020...lawsky announcing an update? winklevoss twins announcing a launch?

[Tzupy]

It's that awkward moment where you realise even ShroomsKit makes more sense than the permabulls...  

(sorry ShroomsKit, still love you  )

Well, I said that a couple of months ago. If he weren't rude his considerations would be taken more seriously.

[3x2]

"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."

~Bitcoin Jesus
Oct 5th.

But still you cant ignore the fact that once it was more than 1k.

[inca]

Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.

Finally waking up from the fantasy?

We are clearly still in an accumulation/distribution phase. No secret about it. Just look at the 100 and 500 largest addresses and do some rudimentary analysis instead of trolling over day trading whipsaw noise.

Yes clearly everyone is accumulating. Everything is going according to plan.

You really live in a fantasy world, don't you?

You seem to have trouble actually reading the content of the posts here.

Who cares if everyone is accumulating? You and most of the 'traders' on this thread are a zero sum game anyway, just trying to catch little waves in the price. Large addresses (i.e big money) are accumulating. When bitcoin days destroyed spikes up, or the US regulatory framework suddenly becomes very hostile, or we smash below the previous ATH on heavy volume and keep going then perhaps I will rethink my position.

Until then this seems a good point to accumulate, and I will continue to lend BTC swaps to slowly leech some btc out of the trading pool into my own account.

[abercrombie]

so what's going to happen at money2020...lawsky announcing an update? winklevoss twins announcing a launch?

Lawsky speaks this evening.  Permabulls gonna be like...

[adaseb]

Yes its painfully boring for me also. Either go down or go up but enough of this sideways trading.

We really need some news. But news even if positive has no effect it seems.

[boumalo]

"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."

~Bitcoin Jesus
Oct 5th.

But still you cant ignore the fact that once it was more than 1k.

Yes but you can't ignore the price has been very high this year relative to the average price in 2013

[ChartBuddy]

Explanation

[conspirosphere.tk]

If I had to put my tinfoil hat on...for a measly $4.4Billion the establishment is slowly buying up all the Bitcoin not to make money...but to collect them all and destroy them one day.

I wear the same hat since I've seen too many large dumps out of the blue esp. in the middle of weekends making no sense from a legit trading logic (except than blatant manipulation).

We are clearly still in an accumulation/distribution phase.

more specifically in what was called 'primitive accumulation' mode (where the less ethical types call the shots -actually the most common), measured by a relatively large % of the total Tx being the result of frauds, hacks, scams, and so on -and this counting just what is publicly known. If you add reasons to suspect that critical midddlemen (exchanges, pools) could be not so honest and/or collude with anyone with little/no risk of getting caught, you have a recipe for... anything.

Still, I hodl -if not for else to stay out of the fiat-world

[tmfp]

If I had to put my tinfoil hat on...for a measly $4.4Billion the establishment is slowly buying up all the Bitcoin not to make money...but to collect them all and destroy them one day.

I wear the same hat since I've seen too many large dumps out of the blue esp. in the middle of weekends making no sense from a legit trading logic (except than blatant manipulation).

Wearing the same hat, the reptilians can destroy Bitcoin's credibility, as well as paying for the whole operation, simply by pumping and dumping, rinsing and repeating. Wider adoption of Bitcoin will be unlikely if the fiat exchange rate continues to fluctuate wildly. 

[ChartBuddy]

Explanation

[Cheeseonastick]

https://i.imgur.com/BL0F9uc.jpg

She's going down. Sub 300 by in the next 48 hours.

[yraskk]

It doesn't happen a big decrease of bitcoin price. Price will be stable around 320$, but I don't think that price will decrease less of 300$.

[BitAddict]

"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."

~Bitcoin Jesus
Oct 5th.

6 days and it will be outdated if we keep at $325. Now they will need to start comparing with 2 years ago.

[janos666]

"For anyone complaining about the current price of bitcoin, remember it has more than doubled over the last 12 months."

~Bitcoin Jesus
Oct 5th.

6 days and it will be outdated if we keep at $325. Now they will need to start comparing with 2 years ago.

Haha, good one.

[Tzupy]

4h MACD suggests sideways or slow up for the next 24h, after that will come an inflection point.

[ChartBuddy]

Explanation