Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17315.

Lauda

legendary

Activity: 2674

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Terminated.

Quote from: Searing on May 04, 2017, 04:09:30 AM

Damn! I hope you are an "crypto prophet"

I just might be!

Quote from: soullyG on May 04, 2017, 04:13:22 AM

True, I just can't help but feel that the latest rally is a bit "forced"... Bitfinex shenanigans etc

I would tend to somewhat disagree. What I expected is that Bitfinex price would keep rising while the other exchanges kept going down or not moving at all due to increased sell pressure (getting Bitcoins out of Finex and selling them on other exchanges). However, the problems with Bitfinex also came around the time that Bitcoin essentially went "viral" in Japan along with the ruling that it is a legal means of payment. Right now, the spread between Bitstamp and Bitfinex is: ~80$, which is ~4.9%. This is much lower than it used to be (percentage wise). It was around 7-8% IIRC.

soullyG

hero member

Activity: 1011

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Decentralize everything

Quote from: Lauda on May 04, 2017, 04:06:43 AM

Quote from: soullyG on May 04, 2017, 03:55:08 AM

It definitely feels possible, but we've been going up so fast the last few days that I feel a substantial correction is in order (~$150 or so) if we do hit it that quickly

Why a correction that big thought? Maybe it may stabilize somewhere between 1500-1600$. All it needs to do is spend some time not moving in either direction to make it 'healthier'.

True, I just can't help but feel that the latest rally is a bit "forced"... Bitfinex shenanigans etc

Always HODL!

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: Lauda on May 04, 2017, 04:06:43 AM

Quote from: soullyG on May 04, 2017, 03:55:08 AM

It definitely feels possible, but we've been going up so fast the last few days that I feel a substantial correction is in order (~$150 or so) if we do hit it that quickly

Why a correction that big thought? Maybe it may stabilize somewhere between 1500-1600$. All it needs to do is spend some time not moving in either direction to make it 'healthier'.

Quote from: BitcoinBA on May 04, 2017, 04:03:41 AM

Did you sell already, or still waiting?

I expect the correction to be quite significant...

Yes from $10k into ~$3-5k. I'm not selling anything even in times of need below $10k.

Quote from: Searing on May 04, 2017, 04:05:15 AM

Likely you are correct. But I'm a long term holder of 100 btc..thus this too shall pass.

The bare minimum for anyone should be the Bitcoin Millionaire Club (21 BTC), although that seems rather expensive nowadays. Cheesy

Damn! I hope you are an "crypto prophet"

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: soullyG on May 04, 2017, 03:55:08 AM

It definitely feels possible, but we've been going up so fast the last few days that I feel a substantial correction is in order (~$150 or so) if we do hit it that quickly

Why a correction that big thought? Maybe it may stabilize somewhere between 1500-1600$. All it needs to do is spend some time not moving in either direction to make it 'healthier'.

Quote from: BitcoinBA on May 04, 2017, 04:03:41 AM

Did you sell already, or still waiting?

I expect the correction to be quite significant...

Yes from $10k into ~$3-5k. I'm not selling anything even in times of need below $10k.

Quote from: Searing on May 04, 2017, 04:05:15 AM

Likely you are correct. But I'm a long term holder of 100 btc..thus this too shall pass.

The bare minimum for anyone should be the Bitcoin Millionaire Club (21 BTC), although that seems rather expensive nowadays. Cheesy

Searing

copper member

Activity: 2898

Merit: 1465

Clueless!

Quote from: BitcoinBA on May 04, 2017, 04:03:41 AM

Did you sell already, or still waiting?

I expect the correction to be quite significant...

Likely you are correct. But I'm a long term holder of 100 btc..thus this too shall pass.

droizs

full member

Activity: 151

Merit: 100

keep cool guys, we still have a long way until 10k

BitcoinBA

member

Activity: 74

Merit: 10

Did you sell already, or still waiting?

I expect the correction to be quite significant...

steelboy

hero member

Activity: 756

Merit: 1000

Quote from: soullyG on May 04, 2017, 03:55:08 AM

Quote from: Lauda on May 04, 2017, 03:47:15 AM

$1550 right now on Stamp. Is $1600 a viable target for today?

It definitely feels possible, but we've been going up so fast the last few days that I feel a substantial correction is in order (~$150 or so) if we do hit it that quickly

Along with a quick post from Kwukduck?

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

Quote from: Lauda on May 04, 2017, 03:47:15 AM

$1550 right now on Stamp. Is $1600 a viable target for today?

It definitely feels possible, but we've been going up so fast the last few days that I feel a substantial correction is in order (~$150 or so) if we do hit it that quickly

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: soullyG on May 04, 2017, 03:37:18 AM

I love waking up to a new ATH every morning, really gets the day started off well Grin

My thoughts exactly. Quite the amazing feeling. $1550 right now on Stamp. Is $1600 a viable target for today? This feels much different than a bubble, it grew 19% in 7 days.

Ready for some champagne, gents?

spiderbrain

legendary

Activity: 889

Merit: 1013

I thought something was broken/weird on bitcoinity just now, but then I realised it was just that the ATH marker was missing :b

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

I love waking up to a new ATH every morning, really gets the day started off well Grin

Denker

legendary

Activity: 1442

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Quote from: aminorex on May 04, 2017, 01:00:02 AM

Quote from: podyx on May 04, 2017, 12:45:17 AM

I can't believe alts hasn't crashed yet. A matter of time I guess

Saying "alts" is like saying "Europe". There is a vast difference between Paris and Pristina, between Aalborg and Athens. While swaths may crash, swards may take flight. But then (without checking) you are probably a maximalist, in which case this won't make any sense to you.

I think we can agree that 95% of alts are not really innovative, scams, partially scams and mostly been made to give their devs and people who pull the strings in the background a quick and big profit. 5-10 coins may have the potential to exist in the next years with some serious value and development while the rest will mostly disappear or end with a value less than a cent.

Denker

legendary

Activity: 1442

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Quote from: podyx on May 04, 2017, 12:45:17 AM

I can't believe alts hasn't crashed yet. A matter of time I guess

Yeah I'm scratching my head why it hasn't happend yet. This bubble is getting and bigger. Man when a good portion of that floods into Bitcoin this would create a massive bubble. Maybe this is the plan. Atlcoin bubble first, then shifting and creating Bitcoin's bubble.
Just wild guessing here.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: aminorex on May 04, 2017, 01:00:02 AM

Quote from: podyx on May 04, 2017, 12:45:17 AM

I can't believe alts hasn't crashed yet. A matter of time I guess

Saying "alts" is like saying "Europe". There is a vast difference between Paris and Pristina, between Aalborg and Athens. While swaths may crash, swards may take flight. But then (without checking) you are probably a maximalist, in which case this won't make any sense to you.

A person can recognize diffeneces in the levels of shitiness of alts without being a maximalist or a moron, right?

Mervyn_Pumpkinhead

legendary

Activity: 876

Merit: 1000

Quote from: explorer on May 03, 2017, 07:15:47 PM

Quote from: bitserve on May 03, 2017, 04:40:38 PM

Another shiny day in Bitcoinland (and LTC too

)

But I want to share something I have just noticed when I arrived home. Kraken has have some misbehaviour today (again):

If you look at the graphs there have been a very weird spike downwards from 1339€ to €1221.93 with no significant volume.

It's not just a bitcoinwisdom error, as you can also see it as the 24h low mark on Kraken itself.

What's so strange about this? Well, I have a limit order (since a few days ago) to buy BTC at around 1240€ which has NOT been fullfilled... but the price went lower than my buy order?!?! That's obviously a misbehaviour of their trading engine -not the first at all- and I think that may be some tight longs could have been incorrectly liquidated.

Anyone else that have been affected by the misbehaviour, by not having orders executed when they should, or anyone that has been incorrectly liquidated (they shouldn't if limit buy orders would have executed), please contact me.

In 2013 that was a grievance across pretty much all exchanges. Kraken seems to be the most easily bogged down exchange lately (weakest infrastructure remaining?), so no real surprise there. They are too busy adding shitcoins to fix what they've got. Over a week to respond to a support request? Screw them, I send my money elsewhere.

Kraken is currently my favorite exchange. Mainly because it doesn't reek of fake volume created by non-existing fiat and playing of their own books. I never trusted BFX and I don't trust Polo either. Something tells me that they exploit this unregulated game as much as possible. Margin trading on shady exchanges is the worst option in the crypto game.

micalith

hero member

Activity: 894

Merit: 501

Quote from: aminorex on May 04, 2017, 01:00:02 AM

Quote from: podyx on May 04, 2017, 12:45:17 AM

I can't believe alts hasn't crashed yet. A matter of time I guess

Saying "alts" is like saying "Europe". There is a vast difference between Paris and Pristina, between Aalborg and Athens. While swaths may crash, swards may take flight. But then (without checking) you are probably a maximalist, in which case this won't make any sense to you.

beautiful

Holliday

legendary

Activity: 1120

Merit: 1012

Quote from: jbreher on May 03, 2017, 08:26:40 PM

Price is skyrocketing, news of ATH is rampant, and all the backlog is spam.

Couldn't be that the recent trend has people moving funds to/from exchanges. You know, in order to take advantage of unique trading positions. Naah.

Gotta be spam.

Right.

Those two things were also true from late April 29th to mid May 1st but there was no backlog what-so-ever, in fact blocks weren't even full. I guess traders only ~~spam~~ take advantage of unique trading positions on weekdays. Someone should inform them that Bitcoin isn't the stock market and functions on weekends as well.

Maybe the "spammers" are very religious and rest on Sundays!

aminorex

legendary

Activity: 1596

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Sine secretum non libertas

Quote from: podyx on May 04, 2017, 12:45:17 AM

I can't believe alts hasn't crashed yet. A matter of time I guess

Saying "alts" is like saying "Europe". There is a vast difference between Paris and Pristina, between Aalborg and Athens. While swaths may crash, swards may take flight. But then (without checking) you are probably a maximalist, in which case this won't make any sense to you.

micalith

hero member

Activity: 894

Merit: 501

Quote from: podyx on May 04, 2017, 12:45:17 AM

I can't believe alts hasn't crashed yet. A matter of time I guess

the last two bubbles saw the alts crash AFTER bitcoin. No idea whether that'll be the case again this time, but I do have a contingency plan for it

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