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

[oda.krell]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

[windjc]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I think this is a real possibility. We aren't likely going below $500 for more than a day (couple of hours) worst case scenario and we may not go above 700 until we get guidance from NY. Thats suppose to come this week, but could be longer as most legal matters and rulings don't happen on schedule.

[akujin]

Go go go bitfinex! 

[mmitech]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

[ChartBuddy]

Explanation

[dakota neat]

Man, every second post is from fonzie. He must be really desperate.

[mmitech]

http://techcrunch.com/2014/06/20/hardware-battlefield-finalist-cubesensors-raises-a-700000-seed-round-in-bitcoin/

[oda.krell]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

We see the same thing, but draw very different conclusions then.

This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.

[ihaveaquestion]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I think this is a real possibility. We aren't likely going below $500 for more than a day (couple of hours) worst case scenario and we may not go above 700 until we get guidance from NY. Thats suppose to come this week, but could be longer as most legal matters and rulings don't happen on schedule.

Benjamin lawsky negociated with the french bank BNP about the huge trial incoming, this took time and was unexpected so i guess he will be late on the guidance but it should still happen this year.

[mmitech]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

We see the same thing, but draw very different conclusions then.

This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.

I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends thinking how disappointing this investment was because of me.

[ihaveaquestion]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

We see the same thing, but draw very different conclusions then.

This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.

I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends being thinking how disappointing this investment was because of me.

If you are talking about BTC, then i'm sorry for your friends. If you are talking about LTC then i agree with you.

[Dragonkiller]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

We see the same thing, but draw very different conclusions then.

This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.

I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends being thinking how disappointing this investment was because of me.

You have turned into a bear simply because you have sold your coins and are now desperately looking for people to validate your decision because you are unsure.

[mmitech]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

We see the same thing, but draw very different conclusions then.

This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.

I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends being thinking how disappointing this investment was because of me.

If you are talking about BTC, then i'm sorry for your friends. If you are talking about LTC then i agree with you.

hah, you are funny, becaus today I see Bitcoin at $3K....

[JayJuanGee]

Like I said, Stamp refuses to follow Huobi in the up direction, but seems to have no problem following them down.  

Fkn bullshit market.  I'm sure Stamp will be right back to $599.999999 soon.

I don't mean to be a fud-dud, but this numerology is bullshit too... or maybe I am just too sensitive?

[JayJuanGee]

Like I said, Stamp refuses to follow Huobi in the up direction, but seems to have no problem following them down.  

Fkn bullshit market.  I'm sure Stamp will be right back to $599.999999 soon.

In the wider view (since 6/16) we are just in a consolidation pattern with smaller and smaller price swings, and declining volume, even with tonight's sell off.  FWIW, I put a bet in that the bias is up.  

Well Torque,

With the pending bitcoin sale by the government there is a lot of uncertainty in the market place right now. By all intents and purposes we "should" be going down on uncertainty, but instead it looks like we are consolidating right into the pending sale. That is bullish in my opinion.

I hope we go a little lower - $550 anyone?? - before Friday, so I can pick some more before we test recent highs.

We will see.

In the last couple of days, I have been thinking that there is an attempt to keep pushing downward on the price to keep the price in the low $580 or possibly slightly lower area, until Wednesday when the MACD weekly candle closes, in order that it will close red, rather than green.  Who knows, but there seems to be considerable difficulty getting the price to drop, which seems to be bullish, as you say. 

[JorgeStolfi]

And more dumping. What the hell! Still no idea why.

Dear @walsoraj, could you please tell @ShroomsKit to un-ignore me so that I can tell him to un-ignore you so that he can see your link to that article about Chinese IPOs?  Skanth...

[JayJuanGee]

BREAKING NEWS: USD SWAPS DEMAND IS NOT REAL! NOBODY WANTS TO BUY ALL THE BITCOINS!

http://www.reddit.com/r/BitcoinMarkets/comments/28twpj/manipulating_bfx_swaps_for_fun_and_profit_a_howto/


Btw The BitFinex source code is based on the  Bitcoinica source code.  

Thanks for the 6 and 18 month old information.  

Perhaps you can find us a movie trailer for White House Down and 21 Jump Street while you're at it.

First link is brand new you idiot!

News is 6 months old you imbecile!  

Update your system clock, post on reddit was made 7 hours ago you lobotomized monkey.

STOP insulting monkeys!!!!!  Don't you know that this thread has a lot of sympathy towards monkeys, and also Monkeys are sources of wisdom, at least in this thread.

[akujin]

Go, go Fishy! 

[JayJuanGee]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I think this is a real possibility. We aren't likely going below $500 for more than a day (couple of hours) worst case scenario and we may not go above 700 until we get guidance from NY. Thats suppose to come this week, but could be longer as most legal matters and rulings don't happen on schedule.

Maybe flat long enough for me to get my tax return money to pump into BTC?  hehehehe... I'm still working on my 2013 taxes... so I have NOT even filed yet.

[oda.krell]

I know nobody likes to hear this, but looking at the daily and 3 day MACDs slowly moving into a position that counters each other, I can see us in an uneasy balance between 500 and 700 for another month, maybe two :/

I agree, some known Bitcoiners are investing in other  projects (Bitcoin unrelated), I was also discussing the price with a friend of mine and he said he doesn't think that a new rally will be that easy or that quick after the MT.gox fiasco... and he also said that people doesn't ever realize how MTgox will effect the future of Bitcoin regarding regulation and adoption.

We see the same thing, but draw very different conclusions then.

This is the first time in a long while that I recommend friends that asked me about it to buy in, if they had any intention to do so. In previous periods, I always considered the downside risk simply too great to make that recommendation in good conscience. Now, I'm telling them that they shouldn't expect huge rallies immediately, but I also consider the risk to the downside comparably controlled.

I used to tell people to invest at any price if they are thinking about a long term investment (couple of years) but at this point I am losing faith, and the last time a friend asked me about investing I told him that I don't know and he has to study the whole market himself, I don't want to see friends thinking how disappointing this investment was because of me.

Obviously, the "do your own research" and "all risks are your own" rule applies always. But this is a case that plays out similarly for many of us, I presume: someone who's not yet into Bitcoin asks someone who's balls deep into it for advice.

And I'm a lot more comfortable with them being slightly unsatisfied because their investment didn't take off immediately, than if they followed my recommendation and would sit on a substantially underwater position for half a year.

And, like I said, I see a lot less potential for the latter to happen than at any other point in 2014.