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

[hdbuck]

Gogo Scotland! less than 24h, i am holding my breath.
Show to teh world we can cut loose with those filthy banksters! ^^

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[CoinThinker]

The next 24 hours are critical

No, they are not.

This is just the usual up and down flow of Bitcoin. This year only many times hit the floor at as low as around 300, and then the sealing at above 600. They were lot more critical times than now.

Now, it's just some panic sells, which is good. Every time after the panic sell ends, bitcoin gets stronger, as people who are buying it for this prices will obviously not be willing to sell lower. These are the times when you should buy, and hang on to it (or sell when it's above 600). December is closing fast and then price will rocket for sure for many reasons; last year it almost went as high as 1.200.

I am waiting those times. My advise is that panicked persons should sell, so they can't drag the price down again when it starts to rocket. Clever people will not sell Bitcoins at these price.

[aminorex]

hey aminorex, i must have missed the initial post, but i keep seeing you talk about monkey. what gives? prediction bot or something?

yes.

[aminorex]

You are a fucking idiot, and the more you write, the more of an idiot you appear to be.

You're being kind of insensitive there, JJG.  Just sayin'.  In case you weren't aware.

[mmitech]

My take is as Phoenix's - mmitech your answer proves that you are just trolling...

So bad cause you seem really smart guy and could be very useful with your feedback.

I've been trolling since May remember ? when I was telling you that the price is not going anywhere... was I wrong? am I trolling? let me guess... a hard question, I am going to pass it.

You are a fucking idiot, and the more you write, the more of an idiot you appear to be.

there is no value in your post, just butthurt...

[inca]

...you ask your inspiration (risto, for readers who doesn't know)...

His followers think the world of him...

[img]shameless FUD[img]

Risto's trend line is at ~$2,500 now. There has never been a better time to buy bitcoin! This happens every cycle: everyone becomes convinced that bitcoin is finished, and then it rises again!

buy all the bitcoins now, wow $450 is for cheap, the price "should" be at $2500, sell your house, your car, your wife and kids and buy Bitcoin, because to THE MOON.


if anyone said the above, he wouldnt be considered as a troll, but because I speak common sense and use my brain cells I am a troll. well a troll is a common adjective in this sub forum, so be it I am a troll  

If you don't like bitcoin, then why don't you just leave? This place is for bitcoin believers... those who can hold and not worry about the price 24 hours a day. If you think bitcoin is going down, then maybe bitcoin isn't for you. We really need the mods to start weeding these trolls out, so much FUD around here.

If you dont like people speculating then you are wrong here. It is very obvious that bitcoin is still expensive at these levels and it is people like you pushing others into their despair. Stupid noob. Second Person in ignore in three years. Quite an achievement. Good bye cultist...

Why is it very obvious bitcoin is expensive at these levels? It has been higher than these levels nearly the entire year. Oh right - you want to buy back a bit lower where you deem a fair price to be. Good luck!

[abercrombie]

The next 24 hours are critical

The next 24 hours will determine the future of my living conditions for the next decade.

[SFHere]

All this arguing and fighting  

If it falls to 300 I'm buying more  

[ChartBuddy]

Explanation

[riiiiising]

I'm thinking of getting a loan on my house to buy more at this price. We are so undervalued right now, this will be the investment opportunity of the decade.

sup falling

I'm falllling? Why would he be getting a loan to buy bitcoin, I thought he was a bear troll...  

[JayJuanGee]

This is so fucked up..

makes zero fucking sense
anyone thinks there's a chance for sub 300??
I don't know if I will sell my whole fucking stash or leverage HARD if we would sub 300

How much are down from your original investment, in %, if I may ask?

It looks to me like you're over-invested, and the best thing to do in all likelihood would be to reduce your position - not now maybe, but on the next larger rebound - to a size that makes you look at the market with less apprehension.

I know it sounds somewhat counter-intuitive, but any chance you could see yourself doing that?

Well my life savings are down about 40% but I also invested all my money(about 25% of life savings) on an average of about $120 so technically i'm not losing any money yet but I really don't wanna sell the coins I invested in at $120(they are in cold storage in several different banks) so you could say i'm down 40% with alot of money

My plan was to get my initial investments out when we would go for the next bubble ($4-5k)

So you're still up around 20% in total currently. At $300 though, you would be down around 20% in total.

I understand the reluctance to sell at less than what you had planned. Try not to panic sell, I'd say, and give it at least a thought to sell a part of your position when price seems to recover again, to reduce your exposure. Good luck

I don't know how you come to any kind of conclusion regarding the extent to which Podyx is up or down.


In reality, Podyx should add up all his BTC and add up all that he invested into it,including administrative and transaction costs - and that will give him his average cost per BTC.  Then when he compares that number to the current price then he will know the exact percentage that he is either up or down.

It is a little more complicated if taking all the various investments that a person has and then to figure whether up or down, but at least he would be able to provide a more specific estimate for the state of his BTC holdings.  And, having only $4-5k invested is NOT a great amount.. in my thinking (but that amount is all relative to a person's total wealth and other assets and income earning potential, I suppose)

[derpinheimer]

Growing gap between BTC-E and the other two main USD markets.

http://bfxdata.com/compare/btc.php

Eh, btc-e is oversold. Not a predictor.

We've got bfx/huobi which are very resistant to this latest price drop, and bitstamp/okcoin that want to tank.

[SFHere]

The next 24 hours are critical

The next 24 hours will determine the future of my living conditions for the next decade.

https://i.imgur.com/AJ6RTV0.jpg

I'm not sure if I am going to be able to afford even that. Can I come live with you in your cardboard box if that happens?

[adamstgBit]

The next 24 hours are critical

they really are!

omg i'm shitting bricks

will poeple cut their looses?

will bitcoin price implode on itself?

all will be answered in the next 24 hours!

[fonzie]

If someone could DDOS Bitstamp for a week we could regulate ourselves back to 800$  

I do not understand what they have to do with this

Bitstamp has by far the thickest ask side and somehow acts as the market leader (at least among the western exchanges).
People are scared to buy due to their (relatively) immense ask walls.

EDIT: In the end BTC will follow DOGE and LTC, as always.

[ShroomsKit]

Dipped again, bought again. Cheap coins for everyone who wants them!

Your cheap coins are now expensive.
And no one is buying be ause they know they will get dumped on 10 minutes later.

[JayJuanGee]

...
it does NOT mean you are seeing yourself as a victim, merely because you are describing the facts, which is market manipulation (which only can be described as "Normal"  market behavior to the extent that the market cap is small enough to facilitate such and also that the BTC market is NOT regulated, so also allows more manipulation)

If only there was a way to hinder those manipulators, some sort of an agency to regulate the market...

Hello???   In my above post, I was describing the dynamics, and I was NOT, at that point suggesting a solution; however, you may be onto something, possibly.

Yet, maybe instead of regulations, there may be a way to allow for all trades to reflect in the price, rather than just allowing the exchanges to reflect the price. 

In other words, if all of the trading reflected the price, including those trades taking place over the counter and off of the exchanges, then at least it would take more money to manipulate the price.. there may be other infrastructure changes that also could assist with lessening price manipulation, but I am NO expert in figuring out potential solutions, even though sometimes I can recognize good ideas, if anyone at least can have an agreeable identification of the problem(s).

And one problem that we have, here , seems to be price manipulations on the exchanges and accumulation of BTC off of the exchanges...

Another problem that may be present is fractional reserve type uses of BTC and another problem may be exchanges using their insider knowledge to manipulate and profit... Some of these could be addressed - yet I am a little unclear about whether regulation would be the solution, especially, if there may be other mechanisms to correct the issues.

[SFHere]

The next 24 hours are critical

they really are!

omg i'm shitting bricks

will poeple cut their looses?

will bitcoin price implode on itself?

all will be answered in the next 24 hours!

Find Out Next Time On Dragonball Z....

[adamstgBit]

short are spiking even higher

now breaking 8K BTC in shorts


everyone cut your looses~!

[riiiiising]

Dipped again, bought again. Cheap coins for everyone who wants them!

Your cheap coins are now expensive.
And no one is buying be ause they know they will get dumped on 10 minutes later.

According to the long term trendline, $450 is our historical support. If there ever was a time to buy, this is it! Price will rise soon, just like last year in September. This is what's called a "bear trap".