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

[tHash]

In my opinion, until there's another large event that brings a ton of new blood into BTC, we're going to see long-term sub-100. No volume is simply not a bullish market, so if the price stays high amidst no volume it's always because of whales making large moves, but whales can't sustain a market by themselves in the long term.

Our market is controlled completely by the whales.   Left to it's own devices, we see slow increases.   We move when the whales sell or buy, and lately, they have sold more than bought.  This whole downturn was initiated by a single sell of 25k.  BTC volume is on par with a year ago, when we were seeing slow steady increases.   Dollar volume is obviously much higher.   We could see sub $100 for quite a while, but it will be because the whales keep increasing supply.   Everyone is being played by the whales, it is comical to watch.   They know their time is limited, so they just keep pushing down the price to acquire more while they can.

[hlynur]

[Frozenlock]

Everyone is being played by the whales, it is comical to watch.   They know their time is limited, so they just keep pushing down the price to acquire more while they can.

Going down, manipulation.
Going up, Bitcoin's superiority.

This forum is magic. 

[Loozik]

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

I am dead serious I'm dad greedy

[TheKoziTwo]

3000 coint till 100.
Nothing to fear.

Less than 3k now... *gulp*

[sarc]

lol, funny!

[lucas.sev]

You've had 4 years to buy cheap coins.

I want this heaven sent opportunity to continue  

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

People on this forum are looking forward to whole countries going bankrupt and you are surprised by this?

[dwdoc]

Now what??

[solex]

The whale who bought at 95 with slippage to 110 isn't going to be too happy I think. Will he cut his losses and sell?

Not enough slippage for him. Wait until the order book is razor thin, then retardo-whale will strike

If the whale was the same one which sold at $128 then he is 15,000 * $20 = $300k in profit.
I think he can afford to wait a while for his new position to be similarly profitable.

[tHash]

You've had 4 years to buy cheap coins.

I want this heaven sent opportunity to continue 

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

Never underestimate greed.   The problem is the lack of intelligence that seems to be going with it . . .

[Frozenlock]

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

Wait, wait...

So someone holding bitcoins and wanting to become ungodly rich, that's okay.

But someone hoping for the price to go down... he's greedy?

[michaelGedi]

bottom calls?


I've placed quite low bids between 65-77 for now as I really don't want to buy more at this unstable time and have my "money I can afford to lose" sitting in ASICMINER which is currently going up in price. But if it goes that low I expect a fairly big bounce... we shall see

[ShroomsKit]

You've had 4 years to buy cheap coins.

I want this heaven sent opportunity to continue  

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

People on this forum are looking forward to whole countries going bankrupt and you are surprised by this?

Haha you've got a point there.

[niothor]

You've had 4 years to buy cheap coins.

I want this heaven sent opportunity to continue  

You want Bitcoin to lose 500 million in value just so you can buy a few cheap coins? Are you serious? I understand people are greedy but that greedy!?

People on this forum are looking forward to whole countries going bankrupt and you are surprised by this?

Of course , most people can't wait for another Cypress event.
Or a Yapan , or Portogoal one!

[Ultraviolet]

People wanting the price to go down so they can buy "cheap coins" are not looking at it correctly. It's all a very relative thing.

$50 coins are exceptionally profitable under the condition wherein the price rebounds, but so are $200 coins if the price skyrockets.

However, $50 coins may bankrupt you if the market never recovers.

[tHash]

Everyone is being played by the whales, it is comical to watch.   They know their time is limited, so they just keep pushing down the price to acquire more while they can.

Going down, manipulation.
Going up, Bitcoin's superiority.

This forum is magic. 

Do you disagree then that the market makes its dramatic moves based on large buys/sells?   (Sans news)  And of course it is manipulated up too.

[dexX7]

95 touched @Bitstamp.

[Rampion]

People wanting the price to go down so they can buy "cheap coins" are not looking at it correctly. It's all a very relative thing.

$50 coins are exceptionally profitable under the condition wherein the price rebounds, but so are $200 coins if the price skyrockets.

However, $50 coins may bankrupt you if the market never recovers.

You are looking very short term. To win this game you just increase your BTC by all means. And if it go to 0... Well, it was a hell of a ride  

[MAbtc]

2k wall at 104 moved to 102 

[N12]

However, $50 coins may bankrupt you if the market never recovers.

2011 survivors know better. Both during the periods of overvaluation and undervaluation.