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

[rdsc]

Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck?

No, but we are in for the buck and that's got a lot more problematic from when you committed to BTC.  So what are newbies to do?

I believe in BTC in the same way I believe in IP4 - the internet learned how to do "money" - big news, and I'm late to the game.  Since only a lunatic would bet against the internet I'd like to put my money where my tech is, but just at the moment it's a suckers market - so beyond all the bulls and bears nonsense - how do we proceed?

I've clocked your buying advice and I'm following Goomboo and Slipperyslope because I'd like to be part of this without getting butt-fucked - but Bitcoin's got an insurmountable problem as a "freedom" protocol if the price for entry is pwnage.

I would wait to enter. And enter gradually. I'm doing that for a couple of friends, waiting and then I will spread the buys among different prices.

Pwnage is what the guys that cashed out for good during or after the 2011 bubble got.

Thanks

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[KS]

did the 90$ wall get bought or just moved down to 86?

bought

thx

[samson]

cut march/april out of the price graph , and see the trend for the last 2 years
Also when there is a panic drop, we will hit for a few the minimum of minimum , the dip , thats why the 13

A lot of other people are thinking the same by the looks of the bids - just look how many bids are on the order book between $10 and $14

How does sentiment factor into this though?  I mean, if you ask anyone if they could buy say $50 coins, they'd say they are all in.  I just think we would run into some serious buying pressure, long before 30 and certainly before 13.  Not saying it's not possible, merely saying I don't think it takes into account other relevant information.  I'm also not sure the bottom is the same anymore, with the number of new people.  All that said, I won't complain.   

$10-$14 and even the $30 ranges are so far away right now that if we ever reach that far the order book will look very different by then.

[Coinseeker]

cut march/april out of the price graph , and see the trend for the last 2 years
Also when there is a panic drop, we will hit for a few the minimum of minimum , the dip , thats why the 13

A lot of other people are thinking the same by the looks of the bids - just look how many bids are on the order book between $10 and $14

How does sentiment factor into this though?  I mean, if you ask anyone if they could buy say $50 coins, they'd say they are all in.  I just think we would run into some serious buying pressure, long before 30 and certainly before 13.  Not saying it's not possible, merely saying I don't think it takes into account other relevant information.  I'm also not sure the bottom is the same anymore, with the number of new people.  All that said, I won't complain.   

$10-$14 and even the $30 ranges are so far away right now that if we ever reach that far the order book will look very different by then.

I completely get that, which obviously changes sentiment.  Right now, I'd sell everything I own to buy in at 13.  But when faced with 13, I'd probably be wondering if this is the end for bitcoin and I'm about to throw away my money.     Point being, sentiment can change really quick.

[wachtwoord]

I completely get that, which obviously changes sentiment.  Right now, I'd sell everything I own to buy in at 13.  But when faced with 13, I'd probably be wondering if this is the end for bitcoin and I'm about to throw away my money.     Point being, sentiment can change really quick.

Nice blog-post related to this: http://www.whopperinvestments.com/value-investing-its-easy-until-you-do-it-by-yourself

[ChartBuddy]

[MikkisJ]

Interesting, $10,000,000 worth of BTC sold on a quiet Sunday morning. I have some coins and AM shares, bought mostly at $100-120, but I'm in for long run (5+ years), so crashes come and go, I'll worry only if there is real danger like bitcoin security weekness, hacking, slow adaptation or goverment ban on bitcoin.

[lucas.sev]

Interesting, $10,000,000 worth of BTC sold on a quiet Sunday morning. I have some coins and AM shares, bought mostly at $100-120, but I'm in for long run (5+ years), so crashes come and go, I'll worry only if there is real danger like bitcoin security weekness, hacking, slow adaptation or goverment ban on bitcoin.

Yes, repeat that and breathe deeply instead of selling and buying 20 dollars lower.

[Coinseeker]

I completely get that, which obviously changes sentiment.  Right now, I'd sell everything I own to buy in at 13.  But when faced with 13, I'd probably be wondering if this is the end for bitcoin and I'm about to throw away my money.     Point being, sentiment can change really quick.

Nice blog-post related to this: http://www.whopperinvestments.com/value-investing-its-easy-until-you-do-it-by-yourself

That was a good read.  It also lead to some other links on mental models, which should help his conclusion make even more sense.  Thanks for this.    

[Hunterbunter]

In other news we're still in the 109.9999 area.
Weekend is on and Bulls and Bears are already wasted.

But , there is still hope , remember what happend last Sunday morning? 

yaaawn ... so it actually happend..
It's gonna be interesting if we hit the real price trendline (13-30 area ?)

Where in the world did you come up with this price?  I've always said 50-60 but 13-30??   

There's also long term logarithmic trend support between $20 and $28. That's the one that carried this entire bull market from $2.

[Miner2000]

Is this real? https://i.imgur.com/jvBXpsi.png What is your opinion?

[hahahafr]

Is this real? https://i.imgur.com/jvBXpsi.png What is your opinion?

Time to go rogue guys.

[lucas.sev]

Is this real? https://i.imgur.com/jvBXpsi.png What is your opinion?

proven to be fake, sat was on the 8th

[sarc]

[MikkisJ]

Interesting, $10,000,000 worth of BTC sold on a quiet Sunday morning. I have some coins and AM shares, bought mostly at $100-120, but I'm in for long run (5+ years), so crashes come and go, I'll worry only if there is real danger like bitcoin security weekness, hacking, slow adaptation or goverment ban on bitcoin.

Yes, repeat that and breathe deeply instead of selling and buying 20 dollars lower.

It might go down further 20 dollars, or not. I'm not going into short term speculation, too much hassle for me. I might sell some in a year or two if the price is right and I need a new car.

[Branzig]

       I was totally watching the volume as I was on MT. GOX at open of the Market(US) and it kept rising and it has stayed high all weekend, I figured somebody was buying it open and driving the price down . I remember this cause I was trading back and forth as I am not Verified yet, so I decided to convert my almost $500 into BTC and cash it out to my e-wallet, and then my BTC was gone 41 minutes into the 60 minutes to clear, I found it on the Blockchain and it is still there, still unclaimed and has a note on the right side referring to Verify, I am assuming Mt. Gox, froze the transaction, because I am still not verified, when I submitted the proper residence certificate that same day, I received an e-mail telling me I have to go to the bottom of the que everytime, so I hope I can still get my measly 4 BTC back.


-Branzig

[Miner2000]

thanks!!!!  

Is this real? https://i.imgur.com/jvBXpsi.png What is your opinion?

proven to be fake, sat was on the 8th

Is this real? https://i.imgur.com/jvBXpsi.png What is your opinion?

Nice non-existing ip subnet.

[niothor]

The only thing I'm currently concerned is that there is/are a dolphin (I find them cuter) who was able to manipulate once the market , when it was around 120.
If the price drops , even now at 90 , if he buys back he will get more BTC than he had and he can play his card better.

Now , if he keeps this game with 2 drops and then one buy a few times undisturbed he will slowly gain more influence ....
Of course we add around 3500 coins daily to compensate this , but, still an unhealty scenario.

A guy with enough bitcoins who is in only for gains , enough power to influence the price... sounds like a .. central b***.

[Branzig]

The only thing I'm currently concerned is that there is/are a dolphin (I find them cuter) who was able to manipulate once the market , when it was around 120.
If the price drops , even now at 90 , if he buys back he will get more BTC than he had and he can play his card better.

Now , if he keeps this game with 2 drops and then one buy a few times undisturbed he will slowly gain more influence ....
Of course we add around 3500 coins daily to compensate this , but, still an unhealty scenario.

A guy with enough bitcoins who is in only for gains , enough power to influence the price... sounds like a .. central b***.

I concur, massive resources...

[samson]

      I was totally watching the volume as I was on MT. GOX at open of the Market(US) and it kept rising and it has stayed high all weekend, I figured somebody was buying it open and driving the price down . I remember this cause I was trading back and forth as I am not Verified yet, so I decided to convert my almost $500 into BTC and cash it out to my e-wallet, and then my BTC was gone 41 minutes into the 60 minutes to clear, I found it on the Blockchain and it is still there, still unclaimed and has a note on the right side referring to Verify, I am assuming Mt. Gox, froze the transaction, because I am still not verified, when I submitted the proper residence certificate that same day, I received an e-mail telling me I have to go to the bottom of the que everytime, so I hope I can still get my measly 4 BTC back.


-Branzig

I verified a couple of weeks back - it took 2 days.

If you have more than 1 account and hey find out (which they invariably do) they force you to verify before you can withdraw anything - this is quite common from what I've seen on the IRC support forum.