Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17232. (Read 26607966 times)
May 16, 2017, 09:58:32 AM
There are no dumps in bitcoin.
May 16, 2017, 09:35:24 AM
I think that the whale pumpers have just about squeezed all of the 'free ride' they can out of the alts. Now that XRP (the pinnacle of shitcoin) has finally been pumped, there are literally no more alts that anyone might care about to pump. Unless they're saving Auroracoin, Feathercoin, or Maxcoin for the last hurrah? Lol
And all those hapless newbs over in Altlandia are finally starting to realize that their special snowflake alt-du-jour is not so special after all. I think the lightbulbs are starting to come on that they've been completely duped.
And all those hapless newbs over in Altlandia are finally starting to realize that their special snowflake alt-du-jour is not so special after all. I think the lightbulbs are starting to come on that they've been completely duped.
May 16, 2017, 09:05:29 AM
It's already back on the 1700$ and no reason to see it coming back
well, on the end of may and the begin of june ... we have dump last year (except for a halving year like 2016).
i
May 16, 2017, 09:03:47 AM
All the monies going to XRP and XLM, that's what's wrong...
and then, on friday ... all alt purge into bitcoin.
fair game.
May 16, 2017, 08:39:25 AM
https://blog.sia.tech/want-to-deflate-the-token-bubble-fix-the-market-cap-indicator-d50f7f1e1ec4
https://medium.com/@jimmysong/why-the-bitcoin-dominance-index-is-deceiving-80ae324ee2ac
edit: 2nd link
https://medium.com/@jimmysong/why-the-bitcoin-dominance-index-is-deceiving-80ae324ee2ac
edit: 2nd link
That was a fine read and well written article.
I piss over altcoins, i had never any intensions to buy one. However...i'm very interested investing in sidechains. I might buy some RSK when there Jaxx wallet arrives.
This is also my personal tip; invest in sidechains instead of scamcoins.
May 16, 2017, 07:33:47 AM
BTC below 50% of total crypto market cap today.
lol. don´t believe the hype.
https://blog.sia.tech/want-to-deflate-the-token-bubble-fix-the-market-cap-indicator-d50f7f1e1ec4
https://medium.com/@jimmysong/why-the-bitcoin-dominance-index-is-deceiving-80ae324ee2ac
edit: 2nd link
May 16, 2017, 07:28:55 AM
BTC below 50% of total crypto market cap today.
May 16, 2017, 07:06:39 AM
If I was a very large buyer who wanted to take a substantial position in BTC without raising the price too much one possible strategy would be to systemically and randomly pump various alt coins to intice Bitcoin holders to sell via FOMO.
I don't have any evidence this is occurring and I do not trade but when the market behaves strangely one must consider strange explanations.
I don't have any evidence this is occurring and I do not trade but when the market behaves strangely one must consider strange explanations.
That's sound reasoning that hadn't actually occurred to me before, but you'd have to be very friendly with the alt exchanges and trust them enough not to crater. If I was a megabuyer I wouldn't have enough faith in them. Poloniex is creaking badly.
May 16, 2017, 06:25:11 AM
All I'm seeing is traders buying bitcoin to pump alts.
2017 should be called "The Year No Alt LeftUnturned Unpumped"
2017 should be called "The Year No Alt Left
Yep
If I was a very large buyer who wanted to take a substantial position in BTC without raising the price too much one possible strategy would be to systemically and randomly pump various alt coins to intice Bitcoin holders to sell via FOMO.
I don't have any evidence this is occurring and I do not trade but when the market behaves strangely one must consider strange explanations.
May 16, 2017, 05:52:16 AM
Since we hit a support line at around 1650, we might stay here for a couple of days.
Any thoughts on, if we continue all the way down to 1200 or bounce back to 1800 first?
By the way, the panic was amusing, but it is clear as day we are looking at market consolidation, not start of a bear market.
Any thoughts on, if we continue all the way down to 1200 or bounce back to 1800 first?
By the way, the panic was amusing, but it is clear as day we are looking at market consolidation, not start of a bear market.
No I'd say it will bounce back immediately.
It's already back on the 1700$ and no reason to see it coming back
May 16, 2017, 05:35:14 AM
All I'm seeing is traders buying bitcoin to pump alts.
2017 should be called "The Year No Alt LeftUnturned Unpumped"
2017 should be called "The Year No Alt Left
Yep
May 16, 2017, 05:33:33 AM
Looks like times have changed, now China is western b*tch.
What are you talking about?
You are talking about comparing prices?
You are talking about limitations on chinese exchanges?
you are talking about how BTC prices are influenced by various factors, including China?
What?
May 16, 2017, 04:34:03 AM
Looks like times have changed, now China is western b*tch.
May 16, 2017, 04:09:06 AM
Since we hit a support line at around 1650, we might stay here for a couple of days.
Any thoughts on, if we continue all the way down to 1200 or bounce back to 1800 first?
By the way, the panic was amusing, but it is clear as day we are looking at market consolidation, not start of a bear market.
Any thoughts on, if we continue all the way down to 1200 or bounce back to 1800 first?
By the way, the panic was amusing, but it is clear as day we are looking at market consolidation, not start of a bear market.
My thoughts are that you seem to be hoping for down, but the indicators do not seem to be inclined towards down.
We have continued upwards pressures, and if prices break above $1820, we are likely to get a test of $2k.. Thereafter if the test of $2k fails, at that point, we could get a correction down to as far as $1200
in other words, $1200 does not seem too likely in the shorter term, though it could come a bit further down the road... on the other hand if we break above $2k, then the next point is $2300 to $2500, which makes $1200 even less likely.
May 16, 2017, 04:03:14 AM
I've never seen the price just sort of wait around after so much rallying before.
Leads me to conclude that we are indeed just consolidating. Doesn't seem likely that you'd run all the way up to these new heights just to kind of stay there. Either we lose a bunch of it or we keep going.
Leads me to conclude that we are indeed just consolidating. Doesn't seem likely that you'd run all the way up to these new heights just to kind of stay there. Either we lose a bunch of it or we keep going.
Takes time to wire fiat to exchanges
May 16, 2017, 03:56:24 AM
I've never seen the price just sort of wait around after so much rallying before.
Leads me to conclude that we are indeed just consolidating. Doesn't seem likely that you'd run all the way up to these new heights just to kind of stay there. Either we lose a bunch of it or we keep going.
Leads me to conclude that we are indeed just consolidating. Doesn't seem likely that you'd run all the way up to these new heights just to kind of stay there. Either we lose a bunch of it or we keep going.
May 16, 2017, 03:14:03 AM
I can feel the hatred of XRP among the bitcoin zealots here. One day they will learn, that a fixed supply currency that's value is based on artificial scarcity, won't have a very successful future
Nor will a banker's currency attempting to imitate a cryptocurrency despite the centralised supply and existence of pegged tokens. I'm no "Bitcoin zealot", but XRP is irrelevant to how Bitcoin does. It's not a cryptocurrency and even its market cap is nowhere close to Bitcoin.What the average Joe doesn't understand is that almost all the cryptos are centralized. Some are open about their centralization while others are not. While ones take public responsibility for regulating the markets, then others don't. Most of the cryptos are centralized around the biggest holders and the exchanges that run the largest volumes of that crypto (who are most often the same entities). These people don't like to be public about their control of the market, because that helps them avoid responsibility
All the virtual units (wannabe currencies or not) that are pushed through this unregulated exchange network are relevant to each-other. If you don't see that, then I recommend you to stay away from trading.
May 16, 2017, 03:08:03 AM
altcoins are waaaayyyy too expensive
All the monies going to XRP and XLM, that's what's wrong...
May 16, 2017, 02:55:11 AM
Is there any news from bitfinex? The longer it prevents withdrawals the higher the price seems to go. There's no one clear source of information, just multiple reddit acconts linked to bitfinex reps making posts in multiple reddit threads.
May 16, 2017, 02:50:47 AM
Maybe you are right. How's doing your MLN? Isn't it's value also based on artificial scarcity? What would you suggest as something with a very sucessful future?
I let go of my MLN for a small ~5% profit. The markets of LTC, ETC and XRP were just too attractive to distance myself from crypto trading for the time being. This volatility is the reason why I play this game. But everything has an end. When the crypto markets finally overheat and will experience the familiar boring slow downfall that they always do in the end, then I'll probably go back to MLN for the long-term trade (if i won't find something better meanwhile). During these slow downfall periods it's just not profitable or fun enough to spend your time on the crypto markets. You just pick an inexpensive and potential crypto and return when things are exciting again
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