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

[ShroomsKit]

Wow, this China crap again?

Are we going to get each week Bitcoin banned by China, banks of China, someone from China, the dog from someone from China and whatever comes from China BUT without an official/written confirmation until we reach zero?

This sucks.

Yes, good chance we will.

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[magicmexican]

A bounce just creates another drop at this point, I'd be much happier creeping up again.

So what Chinese exchanges are left to announce their banks closing?

There could be plenty more bad news coming out, so far its been like 1 bank @huobi and stuff, the potential of more news is still there. And it even does not have to be much, since market reacts pretty drastically from anything coming from China.

[kurious]

The bank deposit thing I dont think is a massive problem. I can have a wire from my account and on Stamp in a couple of hours most of the time.

wow that's fast. sepa or wire transfer?

SEPA from the UK. Obviously its not a couple hours 24/7 but if I make the payment on a morning around 9 I normally have it by half 11 ish.

I haven't tried sepa in from uk - do you get the bank to send euros or send GBP via sepa...?

I haven't actually put fiat in for a long while, but I do use stamp so I would welcome 'best practice' advice.

I send Euros but Im not sure how much difference that would make to time taken, have done a dozen SEPA's and only one was delayed and that was the time around beggining of november when stamp had their bank Issues and we had to wait a few days.

Thanks - I have been lazy and just used Speedybitcoin (great help if you need to react quickly BTW) instant your cash hits them, the BTC is sent.  But of course they take a cut...

Now I think it is time to get some backup fiat in ready for whatever may transpire... 

Cheers

[mmitech]

I think I am getting greedy, I just sent some of my savings to Bitstamp, if the price will drop more I will risk and add some more coins to my stash, I have mixed feelings about this as I don't know what is the point of growing my stash at this point.

[magicmexican]

I think I am getting greedy, I just sent some of my savings to Bitstamp, if the price will drop more I will risk and add some more coins to my stash, I have mixed feelings about this as I don't know what is the point of growing my stash at this point.

you can always wire fiat to btc-e and put some orders @100$ hoping someone would dump to this level again

[Guinpen]

Newbie question again: what is this CCMF meme I keep hearing about?

Choo Choo Mother Fucker posted over general pictures of trains being badass 

Got it. Something like:
https://i.imgur.com/NpOsPPA.jpg

[Davyd05]

give me an example of a permabull who shouts that we're going to a 1000 tomorrow everyday, I seem to be missing thier posts but don't deny that it maybe happening. Cause I have to read from bears were going to double digits on the daily..

There were plenty of them during the run up. I see it as the uptrend was the bulls turn, and now it's the bears turn, so I don't complain about either, really.

yeah but the bear trolls never stop...Mascga comes as close to a form of permabull ccmf troll lol, EDIT: Guinpen is now on the bull troll ignore lol

on top of that during the run up bulls were pretty fucking accurate with their claims. Permabulls faced a hard time with initial China policy changes and goxxing too bad they bashed Rpiella in to his own thread, but I do not doubt we entered the bear market way back in dec. and we probably don't exit till the summer starts...so late may early June on the optimistic side.

however outside factors like the economic issues the world faces can spurr a bitcoin rally, China has kept everyone at arms distance trying to gather ( from the perspective of someone who is about to buy-in for the first time) if this is the bottom of the bear market. We've seen spurts IMO of people deciding to hop back in but no urgency cause the bears have tons of coins they picked up on panic sells, the volume bars show this on most of the flash dips. However coupled with the fact bulls are turning their day trading stashes in fiat to buy back in lower we're going to find the real bottom relatively soon I hope.

[600watt]

can someone please take my hand and tell me it will all be good... ,

[dreamspark]

I think I am getting greedy, I just sent some of my savings to Bitstamp, if the price will drop more I will risk and add some more coins to my stash, I have mixed feelings about this as I don't know what is the point of growing my stash at this point.

Theres always point in growing your stash, Ive sent more fiat to Stamp recently but I've promised myself that it is only getting spent if we go ~25% lower, have increased my holdings enough over the last few weeks but can't say no to super cheap coins.

[dreamspark]

Newbie question again: what is this CCMF meme I keep hearing about?

Choo Choo Mother Fucker posted over general pictures of trains being badass 

Got it. Something like:

Just like that but just save it for when we're all feeling abit more bullish

[lemonte]

The market needs a resting period after the china fiasco is finally settled, then good news will actually find fertile ground again

I agree, we've had such a shit 2014 so far.

December - China ban is announced
January - China ban deadline
February - Literally a week after the China ban, Mark and his pals from Gox stop withdrawals with this lasting the whole month until they go bankrupt at the end
March - China 2: The empire strikes back (Part 1) is announced
April - China 2 deadline

It's easy to see why we are dropping and why good news isn't making any difference with this hanging over us.
Next week we should see the China ban play out and someone from Gox visit the USA to appear in court, once that's over and done with this dampening effect will wear off and good news should begin to make a difference again.

[Davyd05]

The market needs a resting period after the china fiasco is finally settled, then good news will actually find fertile ground again

I agree, we've had such a shit 2014 so far.

December - China ban is announced
January - China ban deadline
February - Literally a week after the China ban, Mark and his pals from Gox stop withdrawals with this lasting the whole month until they go bankrupt at the end
March - China 2: The empire strikes back (Part 1) is announced
April - China 2 deadline

It's easy to see why we are dropping and why good news isn't making any difference with this hanging over us.
Next week we should see the China ban play out and someone from Gox visit the USA to appear in court, once that's over and done with this dampening effect will wear off and good news should begin to make a difference again.

right on time for spring   maybe some sun for those in northern climates like myself will encourage positivity lol.

[ShroomsKit]

I bought a few coins. I never bought coins this expensive. Not even close. The last time must've been close to a year ago.
The fact that i now did means we reached the bottom.
Prepare to go up.

[octaft]

give me an example of a permabull who shouts that we're going to a 1000 tomorrow everyday, I seem to be missing thier posts but don't deny that it maybe happening. Cause I have to read from bears were going to double digits on the daily..

There were plenty of them during the run up. I see it as the uptrend was the bulls turn, and now it's the bears turn, so I don't complain about either, really.

yeah but the bear trolls never stop...Mascga comes as close to a form of permabull ccmf troll lol, EDIT: Guinpen is now on the bull troll ignore lol

on top of that during the run up bulls were pretty fucking accurate with their claims. Permabulls faced a hard time with initial China policy changes and goxxing too bad they bashed Rpiella in to his own thread, but I do not doubt we entered the bear market way back in dec. and we probably don't exit till the summer starts...so late may early June on the optimistic side.

however outside factors like the economic issues the world faces can spurr a bitcoin rally, China has kept everyone at arms distance trying to gather ( from the perspective of someone who is about to buy-in for the first time) if this is the bottom of the bear market. We've seen spurts IMO of people deciding to hop back in but no urgency cause the bears have tons of coins they picked up on panic sells, the volume bars show this on most of the flash dips. However coupled with the fact bulls are turning their day trading stashes in fiat to buy back in lower we're going to find the real bottom relatively soon I hope.

During a bubble, anyone screaming "up up up" will be pretty accurate. I recall it being pretty much nonstop with the exception of a couple of guys like ElectricMucus. Pages upon pages, waves upon waves of trains, choo choo, HODL, etc.

Would you even entertain the possibility that this could be either selective memory on your part, or possibly the bear posts are more fresh in your mind?

[magicmexican]

One thing i am somewhat sure about - the deadline will mean nothing, people who are waiting for it to make their move would be left far behind

[surfer43]

I bought a few coins. I never bought coins this expensive. Not even close. The last time must've been close to a year ago.
The fact that i now did means we reached the bottom.
Prepare to go up.

No one can deny this logic.

[fonzie]

I fully support this bull trap, please bounce at least to 432$, thanks. All long profits will be used for additional shorting.

[simmo77]

Newbie question again: what is this CCMF meme I keep hearing about?

Choo Choo Mother Fucker posted over general pictures of trains being badass 

Got it. Something like:

Didn't someone even get some CCMF t-shirts designed and printed?!?


Man that circle-jerk seems like soooooooo long ago now.

[Davyd05]

During a bubble, anyone screaming "up up up" will be pretty accurate. I recall it being pretty much nonstop with the exception of a couple of guys like ElectricMucus. Pages upon pages, waves upon waves of trains, choo choo, HODL, etc.

Would you even entertain the possibility that this could be either selective memory on your part, or possibly the bear posts are more fresh in your mind?

Well it comes back to the debate.. was TA on point or was it China spreading FUD. I am not sure if was Tera OR Rpiella who was trying to explain it was destined to drop pre China announcements I'm willing to admit that China could purely have been a catalyst to a bear market and in combination with gox not a cause for it.

I spread and preach the hodl mentality only for those who aren't trying to day trade and wish to see stability enter bitcoin. It still hugely speculative and probably for years to come and this will makes us inherently vulnerable to pump and dump.

Jorge I believe would describe me as a bag holder, I see myself as someone who is just confident in BTCs long term success.

[ShroomsKit]

I bought a few coins. I never bought coins this expensive. Not even close. The last time must've been close to a year ago.
The fact that i now did means we reached the bottom.
Prepare to go up.

No one can deny this logic.

That's right!
This beats all those lines, mac d's and fibs. Up we go!