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

[X7]

wrote a small article regarding volatility for the new BTC investors who are driven by fear

http://thebitcoinmovement.com/project/buysell-bitcoin-opposed-using-savings-account/

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[JorgeStolfi]

wtf is happening.
why why why are you cashing out!

Well, if you care for my free analysis, guaranteed to be without any warranty: I suspect that the insider info that prompted a few people to buy in May20--Jun/10, lifting the price from 440$ all the way up to 640$, has turned into disappointment; so that those same people are unloading what they bought then. 

If this theory is correct, I would expect the price to drop back to ~450$, but not much lower than that. 

The "insider info" may have been indications that the big sale of Jed's XRP would happen, and the "disappointment" would then be the agreement that prevents Jed from selling for a coupld of years. The dates seem to match.  But it could be many other things...

[spooderman]

bids that I thought would never get filled....getting filled!

[thefunkybits]

Gobble Gobble!

[Heartbit.io]

Bitfinex is leading the volumes and the price. If bitfinex price goes under 500 bitstamp & other will follow
heartbit.io/app

I have been reading this forum two months, like an european ghost.
And I decided to write today that I will follow your web. Great web thanks!

wow thanks!

[Patel]

on the bright side, volume is up!

only thing that matters

[heartastack]

Just cashed out 30k worth. CBF volitility. Will return on up trend #panicseller

[johnwest]

on the bright side, volume is up!

only thing that matters

lol, volume is up because people selling, and who put bids those are filling, otherwise I am not seeing so much bright thing there.

[njcarlos]

Big money has been trying to support the price of BTC for quite awhile, in hopes of creating some sort of stable environment for new money to feel comfortable stepping in after that painful fall from $1200... the funny part is they're losing so much money in the process and it won't help. The move from ~$350 to ~$650 was not warranted, so much of it will naturally be erased.

[esse83]

wtf is happening.
why why why are you cashing out!

Well, if you care for my free analysis, guaranteed to be without any warranty: I suspect that the insider info that prompted a few people to buy in May20--Jun/10, lifting the price from 440$ all the way up to 640$, has turned into disappointment; so that those same people are unloading what they bought then.  

If this theory is correct, I would expect the price to drop back to ~450$, but not much lower than that.  

The "insider info" may have been indications that the big sale of Jed's XRP would happen, and the "disappointment" would then be the agreement that prevents Jed from selling for a coupld of years. The dates seem to match.  But it could be many other things...

So insiders dumped XRP for Bitcoin which ignited a bullrun in May...? And now the reverse (or just staying in dollar - cant see the XRP chart atm)...Makes sense.

[X7]

Just cashed out 30k worth. CBF volitility. Will return on up trend #panicseller

Damn - well good luck bro - things done in panic are not always the best =/  

[BitChick]

Big money has been trying to support the price of BTC for quite awhile, in hopes of creating some sort of stable environment for new money to feel comfortable stepping in after that painful fall from $1200... the funny part is they're losing so much money in the process and it won't help. The move from ~$350 to ~$650 was not warranted, so much of it will naturally be erased.

They may have been keeping the price "stable" by holding the price down too.  The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price.  I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.  

Glad I am going on vacation next week.  Hopefully I can return to a better Bitcoin price.

[bitteractor]

Keep an Iron Hand on the Tiller and remember this golden quote in the days, weeks to come . . .

"It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now."

- rpietila

[TheJuice]

Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.

[TheJuice]

Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.

Just stopped my autorenew of credit on finex. Once that frees up will be buying here. I bet many lenders will do the same.

[thefunkybits]

Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.

Yup +1...if your looking to sell then sell on the upcoming spike

[TooDumbForBitcoin]

  ~NotLambchop, Bitcoin MegeloNode





1.  Why did Paul McCartney spend his hard-earned money on plastic surgery on his schwantz?

2.  Why is he donating his seeds?  

3.  Who will buy them?

[ChartBuddy]

Explanation

[njcarlos]

They may have been keeping the price "stable" by holding the price down too.  The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price.  I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.  

Glad I am going on vacation next week.  Hopefully I can return to a better Bitcoin price.

And how are they keeping the price down?

[fonzie]

Back to 580$