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

[gizmoh]

The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.

I would agree if we were on a week day, but its sunday, lets wait tomorrow shall we?

[Erdogan]

Something is wrong. It should be at 600 by now. Could everyone reconsider their bids ands asks? Thank you.

[dreamspark]

The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.

I would agree if we were on a week day, but its sunday, lets wait tomorrow shall we?

Yes lets see but other than the hour so volume spike yesterday its been an average of 100/ hour for 2 days pretty much.

[seleme]

My fiat is waiting 

[mmitech]

The low volume is concerning and a true indicator that the price isn't quite right. Like has been said if these were really 'cheap coins' then we would have people clamoring to buy them, I think the gox effect and the loss of faith of many early adopters, along with their funds will be felt for a while longer.

I would agree if we were on a week day, but its sunday, lets wait tomorrow shall we?

I wouldnt agree, in fact it is the contrary, we had quite busy weekends for some time now

Bitstamp





Edit: today's volume is just horrible, I am just not convinced, signs for an up trend showed for a brief moment yesterday, I started to re-think my position but then it was all killed...

[dreamspark]

If only you could short gox coin ...

[hdbuck]

"rallies" on low volumes during week end
"crash and burn" on high volumes during the rest of the week.

its even more concerning as we didnt saw that much of a rally this week end.
hence, hide your kids, hide your wives..

[mmitech]

"rallies" on low volumes during week end
"crash and burn" on high volumes during the rest of the week.

its even more concerning as we didnt saw that much of a rally this week end.
hence, hide your kids, hide your wives..

[mmitech]

ok I will share a funny or rather interesting prediction from someone, I am not going to tell who is, I will tell you later about his identity if the prediction turns out to be accurate, if not I am just going to tell him he was wrong.

the not known person said:

Bitcoin price will fluctuate the whole week till Thursday(next week), it is only then when it will start gaining back its value and many standing legal issues will be clear, then the progress will continue.

the person based the prediction on various stuff that you may not understand, and I myself hardly understand, so lets see how bad ass he is, I will keep my promise and tell everyone who was it and how this was predicted.


Disclaimer: don't base any of your trades based on this, this is no financial advise.

[derpinheimer]

...
You are mixing up unpredictable events with an event that had been predicted a year in advance.

Death is inevitable, and everyone is going to die -- most adults know that.  Nevertheless, there are often tears at funerals.  Go figure.

Gox proclaimed dead. Funeral to be arranged shortly:

Invitations going out soon...

FTFY

lmfao.

Does anyone know why GoxBTC is up? http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

[johnny211]

If only you could short gox coin ...

You can borrow mine. You'll need to escrow appropriate security ofc.

[billyjoeallen]

Go away with your emotional buy and hold propoganda. I've heard it a million times and I'm not interested in the buy and hold strategy. If all I ever did was buy and hold I'd have 2% of what I have now. I'd have NOTHING.

You've made 50X your original buy-in? So about the same as everyone who's been holding for a year, right? Is it worth all the stress to marginally outperform the market? I mean, you don't seem to be enjoying it, judging from your posts.

I'm not marginally outperforming the market. I'm outperforming it by 5,000%. You must have misinterpreted my post.

Let me get this straight. Bitcoin is up ~600% since you started trading, so you've made ~300X profit in fiat terms? Is that what you're claiming? That's difficult to believe considering some of the bad calls you've made.

That's correct.  And yes I've made bad calls. But most of my profit does not come from calling the major reversals in bear markets and bull markets correctly - it actually comes from daytrading during high volume high volatility times when money is flying all over the place and there are literally opportunities to make 1000% profit in a day, especially if you use leverage.  Now take someone who doesn't make 'bad calls' and take someone who only makes good calls (a god) - they might be up 1,000,000% by now in the same time that I took to make 30,000%.

That's simply not a credible claim. There's only two ways you can generate returns like that; you can either gamble recklessly and get lucky or you have an edge so great that it amounts to cheating.

[FTWbitcoinFTW]

Does anyone know why GoxBTC is up? http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

Update on MtGox home page !

[zyk]

There will be no rally until Stamp freezes USD withdrawals. 

Where are you getting this information of a possible withdrawal freeze? Shit. *submits a withdrawal*

Troll joke. Gox withdrawal freeze drove up prices. That guy's a douche. Thot u knew.

I do know he's a douche but if there's some piece of information behind why he's making jokes I want to know.

Cause the bitcoinmarket is piece of a retarded completly manipulated piece of shit where the heads of the ponzi

are cashing out! Got the Memo?

[MinermanNC]

...
You are mixing up unpredictable events with an event that had been predicted a year in advance.

Death is inevitable, and everyone is going to die -- most adults know that.  Nevertheless, there are often tears at funerals.  Go figure.

Gox proclaimed dead. Funeral to be arranged shortly:

Invitations going out soon...

FTFY

lmfao.

Does anyone know why GoxBTC is up? http://bitcoinity.org/markets/bitcoinbuilder/GOXBTC

Hmmm that is strange, maybe Mark is running the exchange from his apartment now

[podyx]

good shorting moment here?

$500 or less possible?

[zerk89]

nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.

[JorgeStolfi]

Oops, one of the lemmings got scared by something and ran off the cliff...

[ChrisML]

nope from now until june we are in a gradual climb to $800. July 1st-10th the spike to 5-9k peak will happen, then 3k~ to end of year for the next spike sometime April 2015.

5 or 9K. lol

[ChartBuddy]

Explanation