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

[Carra23]

Hoping to see 400 now. Come on weekend dip.

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[shmadz]

"cheap coins" - another cultist term

Imagine you were selling bitcoin futures contracts. What would someone have to pay you now in return for your bitcoin a year from now?

These coins are going up and you know it. You just don't know how much they're going to go down first.

emphasis mine*

You know what the really cool part is? We can now make these contracts in ways that cannot be broken or backed out of.

Just wait until gold futures force settlement in fiat because they don't have the gold to cover their bets.

And to answer the what would it take for me to give up my bitcoin? I wouldn't take a bet stretching out any longer than a couple weeks, a year long contract is just ridiculous in bitcoin time.

[BBmodBB]

Inspirational Buy All the Bitcoins Speech

Sons of the internet, I am AdamStgBit, and I see a whole army of my countrymen here in defiance of closed source centralized systems, you've come here to buy and sell on the free market, and a free men you are ( expect for Jorge, sadly...). What will you do without FREEDOM!?? WILL YOU BUY!?

"No! No! we will sell and/or hope for lower prices, if not, least we'll have some fiat, to pay the bills"

Ya ok, buy now and you might lose, sell now and you'll have some fiat to pay the bills.

At least a while...

And drowning in debt many years from now, would you be willing to trade all the days from this day to that, for once chance, just one chance! to come back here and tell the bankers that they may take our mortgage payment directly out of our accounts without asking, and even take the house after taking all our money, but they'll never take our BITCOINS!!!

* inspired by https://www.youtube.com/watch?v=L21-vnlPk_o *

^FREEDOM IS AWESOME!!!!+1 WE LOVE YOU MAN!!! =)

[kurious]

"cheap coins" - another cultist term

Imagine you were selling bitcoin futures contracts. What would someone have to pay you now in return for your bitcoin a year from now?

These coins are going up and you know it. You just don't know how much they're going to go down first.

I think the term 'cheap coins' TERA is referring to is used by cult sellers anticipating much cheaper prices, rather than how I might use the use the phrase, these coins are cheap.

the sentiment is, sell now and buy back some 'cheap coins' when the apocalypse comes.

I believe the worst is over.

I say the coins are cheap when its lower than my avg. buy in price.

We all have a definition of 'cheap' coins.   But every person here has a different one.  

And even each person varies that price constantly, according to their perception of many variable factors.

Resistance occurs at levels where there is a majority consensus that that price has been reached.  Markets don't care, they just are.

I think that where this market's consensus is, is being discovered around about now. Enough of finding this bottom - we already have.

For me sub-400 is way below consensus, so even if the market is manipulated to dip below this - the reaction will kick the price up way higher.

I think no lower than 466 again (bar serious and disastrous news).  

Sentiment will grow in confidence and over time things will ramp up, recover from Gox, et al.

Maybe not in the thousands yet - but 800+ inside 6-8 weeks is entirely plausible.

[chessnut]

There goes Huobi sporting a wave C or III for me.

.... better watch out, if this is a wave three, your shorts are gonna be left high and dry.

[TERA]

New tradingview chart called "bearcoins are back".

Bearcoins.

LOL

[chriswilmer]

Inspirational Buy All the Bitcoins Speech

Sons of the internet, I am AdamStgBit, and I see a whole army of my countrymen here in defiance of closed source centralized systems, you've come here to buy and sell on the free market, and a free men you are ( expect for Jorge, sadly...). What will you do without FREEDOM!?? WILL YOU BUY!?

"No! No! we will sell and/or hope for lower prices, if not, least we'll have some fiat, to pay the bills"

Ya ok, buy now and you might lose, sell now and you'll have some fiat to pay the bills.

At least a while...

And drowning in debt many years from now, would you be willing to trade all the days from this day to that, for once chance, just one chance! to come back here and tell the bankers that they may take our mortgage payment directly out of our accounts without asking, and even take the house after taking all our money, but they'll never take our BITCOINS!!!

* inspired by https://www.youtube.com/watch?v=L21-vnlPk_o *

^FREEDOM IS AWESOME!!!!+1 WE LOVE YOU MAN!!! =)

SO MUCH AWESOME!!!

[cee-euros]

wha happen at ok coin with the red wick, 10 minutes ago, was it one sell?

[sonofliberty]

Hoping to see 400 now. Come on weekend dip.

No.

[chessnut]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

[Carra23]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

If you are asking for charts, I do not have those. It usually dips on weekends, but it is certainly not a given.

Hence, the hope. I must add that my hopes usually work out, or at least have been working out in the past few months. Though in a downtrend, its easy to make a profit if you are selling whenever it rises so may not be really actual skill.

[billyjoeallen]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

[windjc]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

Is the news bogus? There is certainly reason to believe it may not be.

[chessnut]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

but there has been a lot of panic selling already, if you are going to attribute this to malice, then why wouldn't the next bogus news cause a rally?

[windjc]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

It wasn't a single article and it was also reported by one of the most respected news sources in China.

[billyjoeallen]

Hoping to see 400 now. Come on weekend dip.

No.

.....hoping is not good enough. why will it dip?
 

 Because last weekend there was a dip due to a bogus story of a bitcoin ban in China. This week, there is another bogus story of a bitcoin ban in China. Some people are thinking the market is that stupid. They may be right, but although successful, this strategy may be starting to show diminishing returns.

Is the news bogus? There is certainly reason to believe it may not be.

The rumor cause a > 20% crash and yet three days later not a single confirmation from the PBoC or any of the half dozen exchanges. How do you prove a negative? The story is a Dorian.

[billyjoeallen]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

It wasn't a single article and it was also reported by one of the most respected news sources in China.

More respected than Newsweek? Please.

[MAbtc]

...
Is the news bogus? There is certainly reason to believe it may not be.

Some reason more significant than repeats of a single article that contained no proof or references?

I did see a link to CCTV posted on TradingView... did not click, figured it was in Chinese anyway... but many people were saying the [practical] ban was being discussed on CCTV.

Maybe I just got trolled.

[fonzie]

Breaking News:

If no one buys we won´t go up 

[JorgeStolfi]

I did see a link to CCTV posted on TradingView...

I found that link too and posted it earlier here:

The "rumor" did apparently make it to CCTV, the main state TV media in China:
http://jingji.cntv.cn/2014/03/28/ARTI1395963853109425.shtml
However I can't quite tell through Google Translate how much weight they give to the report.