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

[magicmexican]

every rise is met with well timed dumps, this is getting old

[1714580027]

1714580027

[1714580027]

1714580027

[porcupine87]

All that bearish sentiment. I get the same feeling as in the summer of 2013:



Keep calm and HODL

edit:

130 USD ~ 720-800 USD
65 USD ~ 400-450 USD

I thought we have already been there. This was the 400$ crash a few weeks ago. Now again?

I am not pretty sure but at this price I think it is either great to buy or great to sell. Very risky. BTC-e got back to 466...

[magicmexican]

Do those ppl who sell @these prices getting out of the game or just waiting to rebuy below 400 i wonder?

[flynn]

ENOUGH. Go up!

I suggest a blue pill

[Hypnoise]

https://blockchain.info/charts/hash-rate

 

lol, one of the many blockchain.info glitches

true ... since yesterday I think

[nidhogg1]

back at 450s

mass dump incoming

[Hypnoise]

ENOUGH. Go up!

I suggest a blue pill

buspirone??? my favorite

[JayJuanGee]

I'd bet everything i own that the ones purchasing cheap coins right now are chinese, and the ones selling are westeners.

There should be a way to get some information on this.. to attempt to figure it out... maybe cannot be 100% direct evidence but reasonable inferences. 

Maybe a good project for Jorge?   

[seriouscoin]

Do those ppl who sell @these prices getting out of the game or just waiting to rebuy below 400 i wonder?

I bet my ass, they're fake walls to buy lower.

[Hypnoise]

Do those ppl who sell @these prices getting out of the game or just waiting to rebuy below 400 i wonder?

sold at 455 and closed at 436.4 on stamp

[hlynur]

does somebody have the link to this site where you can watch multiple charts of bitcoinwisdom?

[KeyserSoze]

I wonder why there was no volume and no price chang on Saturday, and so much of it today.  Perhaps:

Over the years here is the general trend, if it matters:
1) price generally rose, with early-week being strong buy days. This was apparently because cash sent to Gox anytime during the week often became available in one's account Monday-Wednesday, and people bought as soon as their cash hit their account.
2) this got slowly pushed back until Monday became (and I believe statistically may still be) the strongest buy day. I have seen statistics posted here several times with either Sunday or Monday as highest buy days, Thursday biggest sell days.
3) so gradually people started buying late Sunday night in anticipation of Monday morning. They had been storing cash to front-run the coming buys.
4) this was fairly quickly pushed back further until many buys started happening @ noon (EST) Sunday
5) around the time between #3-4 the Chinese entered the market in larger numbers. Whether it is the cause or not is unknown but larger buys/sells began happening between 2-7AM EST (when the West was apparently sleeping).
6) With the rise in popularity of Bitcoin, skyrocketing price and amount/impact of news it seems harder to find a general pattern in the buys/sells but perhaps Sunday remains a sentimental day for action.

[explorer]

does somebody have the link to this site where you can watch multiple charts of bitcoinwisdom?

http://hypron.net/bitcoinwisdom.html

[cbeast]

I wonder why there was no volume and no price chang on Saturday, and so much of it today.  Perhaps:

Over the years here is the general trend, if it matters:
1) price generally rose, with early-week being strong buy days. This was apparently because cash sent to Gox anytime during the week often became available in one's account Monday-Wednesday, and people bought as soon as their cash hit their account.
2) this got slowly pushed back until Monday became (and I believe statistically may still be) the strongest buy day. I have seen statistics posted here several times with either Sunday or Monday as highest buy days, Thursday biggest sell days.
3) so gradually people started buying late Sunday night in anticipation of Monday morning. They had been storing cash to front-run the coming buys.
4) this was fairly quickly pushed back further until many buys started happening @ noon (EST) Sunday
5) around the time between #3-4 the Chinese entered the market in larger numbers. Whether it is the cause or not is unknown but larger buys/sells began happening between 2-7AM EST (when the West was apparently sleeping).
6) With the rise in popularity of Bitcoin, skyrocketing price and amount/impact of news it seems harder to find a general pattern in the buys/sells but perhaps Sunday remains a sentimental day for action.

nailed it

[dannyspk]

I'd bet everything i own that the ones purchasing cheap coins right now are chinese, and the ones selling are westeners.

There should be a way to get some information on this.. to attempt to figure it out... maybe cannot be 100% direct evidence but reasonable inferences. 

Maybe a good project for Jorge?   

You saying Chinese are better traders than Westerners?

[JorgeStolfi]

It is 1:15 am in China.  Within a couple of hours, price MAY stabilize for a while.  Perhaps even go up a little, pushed by the Western exchanges.

[roslinpl]

ENOUGH. Go up!

I suggest a blue pill

I took too many already, what should I change a color to now?
And will it make a price skyrocket just like tomorrow?

[igorr]

China is so low !

View Screen Capture

View Screen Capture

[adamstgBit]

China is so low !

its not high

[KeyserSoze]

Blast off! Buy to 460 and plop their wall up.
Edit: the wall was bought already. We need sturdier walls at this price point.