Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22044. (Read 26608198 times)

Delayed much?

Coin
Explanation

Jeebus!

Over 2800 to 236

Edit: serious wall flashing going on

There was one at 238. I saw about half was bought , didn't see if the rest was pulled or bought as well.

Someone actually observing walls on the wall observer thread?? 

I see two around 500 coins each @ 237.62 and 61

Someone is putting up substantial bid walls at intervals

Edit: on finex

2015-2016-2017 are the most important year about price

First of, the ""big money" is not buying bitcoins because they are not interested." part is utterly wrong. They do care, but as I said they have no EASY way in. It's different than ie: I want to buy 200,000 Apple stocks today. This has to change.

What ETFs want to do is to provide easy access to BTCs for the masses. Small money or big money doesn't matter. If I want to go on and buy in, NOW, because I think it's a nice thing to do, then I'll be able to do it, so will everybody else. If I want to sell, then it will be feasible too.

PLUS: It's gonna be TRANSPARENT!
Not sending money to some Polish bank account named after John Doe & Co.
Not without every transaction is recorded and be visible to EVERYBODY.
Not without knowing FOR SURE, what's real and what's not.
Not with a Willy Bot that buys in virtual BTCs with virtual money.

I rest my case.

Don't need $240. This mofo better shoot up like a scolded cock.

Or maybe they are waiting for clear regulation. Why invest big money if you don't know how it will be regulated or treated legally?

Let's hope for $240 today.

That is not exactly true.  Big money has always been able to get coins easily, even withoit any ETF.  For example, back in late 2013, the Fortress investment group (>60 billion USD in managed assets, >300 million USD/year of revenue) bought 13 million USD worth of bitcoins (which they later disposed of).  Basically anyone with a fair income and a million dollars in hand could buy BIT shares, since Sep/2013.  The last USMS auction got no big buyers, not even Tim Draper.

Obviously, "big money" is not buying bitcoins because they are not interested.  

What the ETF and the OTCQX listing are expected to do is to allow more small money to invest -- namely, retirement and savings accounts, less sophisticated investors, etc..

BIT has 138'000 BTC in deposit, but the corresponding shares are all sold,.  The Winkle personally own another ~200'000 that presumably they expect to sell to the fund to satisfy the first ETF clients.  

It seems hard to predict what will happen when the Bit shares start trading at OTCQX, and if and when the Winkle ETF gets approved.  There has been practically no demand for BIT shares since May 2014.  Both are not "new" coins, but just part of the same 14 million coins out there.  They come with a nice-looking and sanitary wrapping, but on the other hand they have less liquidity and less utility than raw bitcoins (you cannot spend them, or split them in less than 1-share amounts, or use them to hide money, etc.) In the medium and long term, the coins represented by those fund shares can be seen as taking part in the same market as the raw bitcoins, with the same volatility and liquidity problems.  

Looks like it was shorts closing..Why they would close here baffles me.  Looks like longs went up a tiny bit. 

To me it looks like this bear whale is taking the profits and possibly rolling them into longs slowly.  I think were still going down, but keep an eye on the long/short positions because once he feels satisfied this trend is going to reverse hard.

Coin
Explanation

agreed ... still ... a move that's not sideways or down is a welcome sight all the same ...

Haha, classic murican patriot



Meanwhile chinese bots continue to force idiots to go long, never ending story...

To hard to tell if this is real

holy crap signs of life ... praise be to the internet gods ... sense of despair fading faaading faaaaaaading ... slowly being replaced with cautious optimism ... if we can crack 240usd/1500cny that'd be nice ... whatever gets us further away from the brink of 200 ...

Not anymore. I'm sorry, I was trigger happy. 

222 here we come