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

[Newbie1022]

I kinda like BTC-e, I don't think they'll Gox you, and I trust their price more right now as a harbinger for things to come. That might be wrong, though. I am not even trading right now because the whole market has gotten so far out of hand at this point.

This is the second time they've provided lowest prices during a bitcoin low point. It is awfully tempting to make use of their services. I just don't like the bank wire transfer to someone I don't know idea. I've read around the internet and some seem to think they are shady. I'll look into doing it but probably not going to do any sort of volume through them if I do.

Yea, there exchange runs well and fairly... even with the crashes they don't seem to manipulate the market or play God so that I really appreciate.

But, as far as their long-term stability... who really knows.

[INSTANTpr]

if we can "reset" the price back to $100 there will be more honesty in the community! jmo 

[empowering]

Im actually buying some coins, but I wonder if I should sell a few (over a 100) and buy them back since I can almost guarantee that sometime tonight well test 400 and then rebuy.. Ive been burned in the passed doing this, but i think this may be a fairly good bet..

Thoughts?

I am a holder and dont plan on selling, I just think this downward spiral isn't over with and this may be a good time to take advantage of a for sure bear market as this isn't a trap (I think). I know im taking a chance.. but either way, Id buy them back even if I had to take a loss.

Ill probably chicken out and just hold, but im thinking about it..

Only you should answer that question... and if you are going to ask it... here is probably not the place tbh... headless chickens comes to mind.

my two pence for what it is worth... there is a very good probablility of a retest and possible further dip at this point...new day dawning in China right about now... and the market is friskey... is it worth trading as you suggest? depends on how risk adverse you are and how much pain you are willing to endure... personally I would go with sitting it out..

 Ideally you would wait for a clearer signal, but then if you are going to "short" as you suggest... then you are better off doing so now, catch the less risker $467 down to $435/20 and then rebuy or re-evaluate (personally I would keep my coins though!) But back to your scenario if you sold your 100 coins now and rebought at $400 you would make 16.5 coins approx..  so I guess the answer is how much pain in BTC are you willing to risk if it swings against you? then if you have a figure you can decide if the x amount risk is worth the 16.5 coins you will gain if you trade.  

If you sold now ($467) with a view to buy back in at $400 , and it drops but we bounce $415- $435 .. when would you buy back in ?  $450?  or $500?   if it swings against you now to $505 say then you will shave 8 ish coins off your stash... or at $525 you would shave 12 coins approx... so there is the trade. How much do you wan the extra 16.5 coins vs how much do you not want to shave 8-12 coins... of course you could get back in before $505 but then it could just snap round on you...

  I think it may be a good moment to buy some fresh coins though, if you still believe in the long term prospects and you have fiat to hand.

 Personally I will take note if we go past 435 on stamp, and will look to buy some $380-$420, whilst keeping some powder dry for other possible scenarios.

 Needless to say , staying well away from leverage too, and for me away from shorting in any way with the market waking up like it is.. not worth the dent in your BTC holdings in my view... sure you may look back in hindsight and paint a perfect trade that you missed, but your 100BTC will be with you still... the swing is tradable for sure, but with a risk, the market is starting to chop, and stops hunted...  at somepoint this is going to turn, so it depends on how confident you are the moment is not now....  You could have a few days of swings, in the range you suggest, even a week... or more but you just do not know...



I wonder what GABI will bring in 12 days...

[thefunkybits]

More dumps on stamp...not sure wtf the point of that was 

looks like a bullish double bottom has formed thanks to Mr.dump

[adamstgBit]

dumping on any sign of a dump, i see no reason why the pattern wont hold, low 400's some time in the late AM

[INSTANTpr]

Im actually buying some coins, but I wonder if I should sell a few (over a 100) and buy them back since I can almost guarantee that sometime tonight well test 400 and then rebuy.. Ive been burned in the passed doing this, but i think this may be a fairly good bet..

Thoughts?

I am a holder and dont plan on selling, I just think this downward spiral isn't over with and this may be a good time to take advantage of a for sure bear market as this isn't a trap (I think). I know im taking a chance.. but either way, Id buy them back even if I had to take a loss.

Ill probably chicken out and just hold, but im thinking about it..

Out of curiosity.
If you have so much bitcoins, why do you need advertising in your signature?

Lol, thought someone would bring that up.. why not? I post here anyways so why not get an extra half a coin a month? I think its smart..

^smart?..lol that is a known scammer site!!!  muuhahaahaa  

[seleme]

That guy at 462.9 bought some 1500 coins so far. hm.. what the hell is he doing

[bigasic]

dumping on any sign of a dump, i see no reason why the pattern wont hold, low 400's some time in the late AM

If not lower.. but I dont think the risk is worth it.. Ive been thru worse "storms" and hopefully ill look back in a few months and this will be just another lesson to hodl....

[bigasic]

Im actually buying some coins, but I wonder if I should sell a few (over a 100) and buy them back since I can almost guarantee that sometime tonight well test 400 and then rebuy.. Ive been burned in the passed doing this, but i think this may be a fairly good bet..

Thoughts?

I am a holder and dont plan on selling, I just think this downward spiral isn't over with and this may be a good time to take advantage of a for sure bear market as this isn't a trap (I think). I know im taking a chance.. but either way, Id buy them back even if I had to take a loss.

Ill probably chicken out and just hold, but im thinking about it..

Out of curiosity.
If you have so much bitcoins, why do you need advertising in your signature?

Lol, thought someone would bring that up.. why not? I post here anyways so why not get an extra half a coin a month? I think its smart..

^smart?..lol that is a known scammer site!!!  muuhahaahaa  

I don't gamble.. I just post their signature and let people have a choice. Whats a scam is that minersource.net ad thats here. they turned scammer and closed up shop,, now thats a scammer..

[Sandia]

Something to think about: BFX said that 7k btc were dumped to create the long squeeze a few days ago.  There are only ~100 people with that many coins.  If you take into account that they would not risk more than half of their entire holdings, there are only ~40 or 50 max.  If you say they are smart enough not to risk more than 20%, there are very few.

So one of the bitcoin big shots is the one who screwed the market and tried to bankrupt the longs.  The 7M USD in coins (probably much more) that he already owned wasn't enough.  

Disappointing, isn't it?

[Newbie1022]

That guy at 462.9 bought some 1500 coins so far. hm.. what the hell is he doing

Either one man is trying to turn the market OR it's bogus volume. In my opinion.

[ChartBuddy]

Explanation

[Sandia]

That guy at 462.9 bought some 1500 coins so far. hm.. what the hell is he doing

Maybe buying back the 7k coins he dumped a few days ago?

Anybody think he can prevent a drop to 420?  This is actually a turning point, possibly.  I am sure everyone has bids lined up down to 350, and we may actually go up.

[Chuckee]

Something to think about: BFX said that 7k btc were dumped to create the long squeeze a few days ago.  There are only ~100 people with that many coins.  If you take into account that they would not risk more than half of their entire holdings, there are only ~40 or 50 max.  If you say they are smart enough not to risk more than 20%, there are very few.

So one of the bitcoin big shots is the one who screwed the market and tried to bankrupt the longs.  The 7M USD in coins (probably much more) that he already owned wasn't enough.  

Disappointing, isn't it?

They never said all 7k were dumped by a single entity. This was caused by many players *together* cutting their loose. Cut *your* loose before it's too late!

[adamstgBit]

That guy at 462.9 bought some 1500 coins so far. hm.. what the hell is he doing

Either one man is trying to turn the market OR it's bogus volume. In my opinion.

help this man! bid!

[bigasic]

Something to think about: BFX said that 7k btc were dumped to create the long squeeze a few days ago.  There are only ~100 people with that many coins.  If you take into account that they would not risk more than half of their entire holdings, there are only ~40 or 50 max.  If you say they are smart enough not to risk more than 20%, there are very few.

So one of the bitcoin big shots is the one who screwed the market and tried to bankrupt the longs.  The 7M USD in coins (probably much more) that he already owned wasn't enough.  

Disappointing, isn't it?

Its amazing what 1 person can do with just a few million dollars. Its not ethical but financially for them its great. wait til there are tons of longs, then short the hell out of it and then dump... like you said, they just probably doubled their holdings...

[Newbie1022]

Who the hell does this guy think he is kidding. Just dump to whatever point you planned on dumping to and let everybody get back to their daily routine already. Jesus, impolite bastard. Not only are you ripping people off... but you're seriously putting a wrench in their day to day. What a prick.

[seleme]

That guy at 462.9 bought some 1500 coins so far. hm.. what the hell is he doing

Maybe buying back the 7k coins he dumped a few days ago?

Anybody think he can prevent a drop to 420?  This is actually a turning point, possibly.  I am sure everyone has bids lined up down to 350, and we may actually go up.

I hope so. 7k buy would mean bounce for sure.

[empowering]

Something to think about: BFX said that 7k btc were dumped to create the long squeeze a few days ago.  There are only ~100 people with that many coins.  If you take into account that they would not risk more than half of their entire holdings, there are only ~40 or 50 max.  If you say they are smart enough not to risk more than 20%, there are very few.

So one of the bitcoin big shots is the one who screwed the market and tried to bankrupt the longs.  The 7M USD in coins (probably much more) that he already owned wasn't enough.  

Disappointing, isn't it?

They never said all 7k were dumped by a single entity. This was caused by many players *together* cutting their loose. Cut *your* loose before it's too late!

you have no credibility unless you tell us who you "used to be"  which I notice you declined to do...nor the names of the people flocking to you for advice... everything that comes out of your mouth and that of your sockpuppets is total crapola.

[Newbie1022]

The 462.9's are FAKE VOLUME. Look at it. Each and every time it is a whole number with no decimal. Every real trade, usually with a decimal, trades on one side or the other of the 462.9. If this was real volume, some of those other traders would be exposed to the 462.9 price, no? I call bulls--- manipulation.

Spoke too soon. Disregard.