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

[AmazonStuff]

Good morning, just woke up. Is there are reason why we are going down?

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[falllling]

Good morning, just woke up. Is there are reason why we are going down?

bitcoin is going to nowhere but down, dead cat bounces won't save the price

old stuff first:
51% pool fear (easy came easy gone easy return so it can't be fixed and never be fixed)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k), yes, they are still slowly cashing out and will continue for a long long time
no new money, everyone is selling / spending
governments warning and banning
scam IPOs many including Ethereum and others
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..

some latest news:
BitLicense comment period an additional 45 days, bitcoin will be seriously limited and people will lose interest and leave bitcoin, you will see more shits like this coming out later, please call it "a hidden US ban on bitcoin"
China central bank has a new ban coming soon, under the name of "anti money laundering" because ALL chinese exchangers are using "illegal coupons through 3rd party" to deposit/withdraw, they can't do it legally because ALL chinese banks REFUSED to work with them months ago, it's like central bank saying to exchangers: "You have been warned not engage in any bitcoin business since long time ago but you carried on regardless, so don't blame me if i kick your ass hard time by time"

[samsonn25]

It seems bitcoin is history....   

https://www.youtube.com/watch?v=Zl6DizyZgFY

hahaha

[samsonn25]

Good morning, just woke up. Is there are reason why we are going down?

Because it is up almost 100 points from 5 days ago

[JayJuanGee]

I buy through Coinbase too, but only if I am full BTC in my trading account. That is a bad, unbalanced position to be in and I took a loss just to get back in the game. I might have just waited longer and saved some money, but I only work in probabilities, not certainty. For day trading, CB is unworkable. You need a large exchange with lots of liquidity like bfx or Stamp.

I mention Coinbase b/c I initially get all my coins through them b/c they seem to be amongst the cheapest means to first acquire BTC for peeps in the USA.  I agree with you for a variety of reasons that Coinbase is NOT set up to be a trading platform, and it would NOT function too well to attempt to use it in such a way, and one of the reasons is the fee is a bit high for that 1% on each end, and another reason is that you cannot customize orders to take place upon price movement, they have to be accomplished manually or at Coinbase's preset times.

So far, I only have one account set up that I can use for trading, and that is a BTC-e account.  I have done a tiny bit of practice trading with that account; however, since I have NOT been sufficiently in the black with my BTC portfolio, and since I believe BTC prices are far below the "trendline," I consider trading to be an unwise option for my particular circumstances and viewpoint (however, I have it available in the event that I feel an urgent need to move from BTC to dollars (or possibly to some other currency) with decent fees .2%.

I am talking my book, but I'm honest about it.

It would be really foolish to be completely honest, and hopefully you realize that too.  Most of the time, investors are NOT going to reveal their position, except in fairly vague and non-specific terms, until after they have already taken it. ... same is true for you.  

I want the price to go down so I can get more coins. a crazy crash like the one on BTC-e aa few days ago to $309 is not out of the question. Unfortunately,  I no longer have enough cash to place meaningful orders down to $1 like I once did.

Almost any time we can have those kinds of crazy crashes, yet they seem to be more prevalent during some kind of upturn in the market's volatility... and then when they happen, they seem to cause additional volatility and imbalance for a short period of time.  Surely, it would be nice to have various orders placed on various exchanges in order to be able to profit from such irregularities when they do occur.

This is Bitcoin, the only thing steeper than the spikes and crashes is the learning curve.  

Surely, various kinds of knowledge develops with additional experience(s), yet here you go again with a kind of gratuitous self-serving reference to your implied guru status.  I will leave my comment a little vague for NOW; however, you should probably realize that some posters, including myself, will only have so much tolerance for those kinds of self-serving statements... but I will leave it alone for now, as I mentioned.  

Prices have only gotten down to $502, so far, as I type - so accordingly, I am sticking with my earlier made prediction of possibly $480 to $490 in the next 12 hours... otherwise, maybe we will have another shot at these levels within the next 36 hours.... (meaning approximately 24 hours later - after bouncing back a bit)... and I guess since we are dragging into the weekend.. these kinds of prices and attempts to push downward may linger into the weekend... but I am having my doubts about anything lower than approximately $462... but wtf do I know?  


EDIT:::: oh yeah, i forgot the mention... my agreement with you, that we should all be acting with probabilities and calculating our position(s) and exposure(s) based on how we view these probability calculations, and liekly a variety of us will come to different results based on our view of the probability and/or our abilities to calculate them and/or our risk tolerance(s) to them.

[ChartBuddy]

Explanation

[DubFX]

It seems bitcoin is history....  

https://www.youtube.com/watch?v=Zl6DizyZgFY

if you trade you BTC for BC you're gonna have a really good time because BC is going up!  and BTC is going down

ridiculous

In general, if you mess with altcoins you're gonna have a bad time. And that BC rap is the worst thing I've seen in quite awhile.

this video must be one hell of a slap in the face to everyone that contributed to these guys owning 8 lambos

Wow this is really, really bad. I like the instrumental  but the flow makes my stomach want to vomit  
Also, what's up with value of bitcoin today, are you sure that coinbase wanted to do big buys and not big sells instread?
Morning BTW.

[AmazonStuff]

Good morning, just woke up. Is there are reason why we are going down?

bitcoin is going to nowhere but down, dead cat bounces won't save the price

old stuff first:
51% pool fear (easy came easy gone easy return so it can't be fixed and never be fixed)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k), yes, they are still slowly cashing out and will continue for a long long time
no new money, everyone is selling / spending
governments warning and banning
scam IPOs many including Ethereum and others
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..

some latest news:
BitLicense comment period an additional 45 days, bitcoin will be seriously limited and people will lose interest and leave bitcoin, you will see more shits like this coming out later, please call it "a hidden US ban on bitcoin"
China central bank has a new ban coming soon, under the name of "anti money laundering" because ALL chinese exchangers are using "illegal coupons through 3rd party" to deposit/withdraw, they can't do it legally because ALL chinese banks REFUSED to work with them months ago, it's like central bank saying to exchangers: "You have been warned not engage in any bitcoin business since long time ago but you carried on regardless, so don't blame me if i kick your ass hard time by time"

Thanks for the detailed info

[AmazonStuff]

Good morning, just woke up. Is there are reason why we are going down?

Because it is up almost 100 points from 5 days ago

Too fast, if it was slower maybe it would go even more up.

[fonsie]

Good morning, just woke up. Is there are reason why we are going down?

bitcoin is going to nowhere but down, dead cat bounces won't save the price

old stuff first:
51% pool fear (easy came easy gone easy return so it can't be fixed and never be fixed)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k), yes, they are still slowly cashing out and will continue for a long long time
no new money, everyone is selling / spending
governments warning and banning
scam IPOs many including Ethereum and others
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..

some latest news:
BitLicense comment period an additional 45 days, bitcoin will be seriously limited and people will lose interest and leave bitcoin, you will see more shits like this coming out later, please call it "a hidden US ban on bitcoin"
China central bank has a new ban coming soon, under the name of "anti money laundering" because ALL chinese exchangers are using "illegal coupons through 3rd party" to deposit/withdraw, they can't do it legally because ALL chinese banks REFUSED to work with them months ago, it's like central bank saying to exchangers: "You have been warned not engage in any bitcoin business since long time ago but you carried on regardless, so don't blame me if i kick your ass hard time by time"

Thanks for your SCAM post.

[JayJuanGee]

We can see $450 easily.

WE can see it, but is it within reach or is it just within sight?

[freedomno1]

We can see $450 easily.

WE can see it, but is it within reach or is it just within sight?

Well I won't be personally satisfied till I get that 420 I seek
But in reality probally only within sight not within range at this time.

[AmazonStuff]

ytcracker - "The Link", nice song, it makes me sad, I miss my Commodore 64  

[JayJuanGee]

It seems bitcoin is history....   

https://www.youtube.com/watch?v=Zl6DizyZgFY

That was actually surprisingly terrible.

I found it more entertaining than YTCracker.... But to each his/her own... 

[AmazonStuff]

$500 is an interesting point at least psychologically, at the same time it's 3000 CNY, we might stick to it or if we cross it, we might have strong push downward, just thinking...

[barbs]

Bitcoin :

Whipe out the longs, Whipe out the shorts, then dive to 300? Lol

[JayJuanGee]

It seems bitcoin is history....  

https://www.youtube.com/watch?v=Zl6DizyZgFY

if you trade you BTC for BC you're gonna have a really good time because BC is going up!  and BTC is going down

ridiculous

In general, if you mess with altcoins you're gonna have a bad time. And that BC rap is the worst thing I've seen in quite awhile.

this video must be one hell of a slap in the face to everyone that contributed to these guys owning 8 lambos

I never quite thought about it like that....   Funny thing is that BC has a market cap of only 4 million dollars, and 8 lambos would cost nearly $2million... In that regard, they are planning to liquidate half of BC for 8 lambos?  50% liquidity,..... what an exaggeration, seems even worse than some of these bears in here with their exaggerations...

[JayJuanGee]

I just puked a little. last time this happend price was way way up in the sky. just sayin...

Probably NOT a pretty picture witnessing a penguin puking?

[JayJuanGee]

Good morning, just woke up. Is there are reason why we are going down?

bitcoin is going to nowhere but down, dead cat bounces won't save the price

old stuff first:
51% pool fear (easy came easy gone easy return so it can't be fixed and never be fixed)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k), yes, they are still slowly cashing out and will continue for a long long time
no new money, everyone is selling / spending
governments warning and banning
scam IPOs many including Ethereum and others
Dell / Expedia / Newegg / House dealer / etc are selling in real time
etc..

some latest news:
BitLicense comment period an additional 45 days, bitcoin will be seriously limited and people will lose interest and leave bitcoin, you will see more shits like this coming out later, please call it "a hidden US ban on bitcoin"
China central bank has a new ban coming soon, under the name of "anti money laundering" because ALL chinese exchangers are using "illegal coupons through 3rd party" to deposit/withdraw, they can't do it legally because ALL chinese banks REFUSED to work with them months ago, it's like central bank saying to exchangers: "You have been warned not engage in any bitcoin business since long time ago but you carried on regardless, so don't blame me if i kick your ass hard time by time"

De Ja Vu    --- seems like I read that response somewhere, previously, no?


Even though there remain a lot of positive BTC developments, there is also a decent set of explanations for the recent price drop in this video:

https://www.youtube.com/watch?v=GrZQldPEC6A

[JayJuanGee]

We can see $450 easily.

WE can see it, but is it within reach or is it just within sight?

Well I won't be personally satisfied till I get that 420 I seek
But in reality probally only within sight not within range at this time.

The rolling stones has a song just for you.  It is called:  " I can't get no satisfaction" 

And, even your comment is suggesting that your goal is a bit out of reach... You should be extremely happy if coins come within reach of the $460 to $470 range within the coming week or so..