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

[adamstgBit]

I don't sell anything but I don't like this down movement.

you and 1million other hodler feel the same way 

[Torque]

its the same wall that was blocking at 415 yesterday

Maybe give it a name, George the sellwall or something
Looks like this is just one group faping on an empty market.

Big holders are deperate to get out and can't. This should be a warning:/

why are they so desperate tho?

Guys, you are missing something here.  In a dead market, it is super easy for whales to just accumulate at a fixed price point, and then dump everything in one go.  They lose nothing in the process, and succeed in getting the market to dip, hoping for more sell offs to take it lower.  They can continue to do this ad nauseum in a market that has no real buyers.  

They'll just keep doing this until some real buyers appear.

[derpinheimer]

its the same wall that was blocking at 415 yesterday

Some of it. A lot is new.

[adamstgBit]

its the same wall that was blocking at 415 yesterday

Maybe give it a name, George the sellwall or something
Looks like this is just one group faping on an empty market.

Big holders are deperate to get out and can't. This should be a warning:/

why are they so desperate tho?

Because bitcoin is bleeding value and they are investors ready to not lose anymore

what they did not invest an amount they could afford to lose, and planned to hold long term?

[adamstgBit]

its the same wall that was blocking at 415 yesterday

Some of it. A lot is new.

well for sure, technically we're going to see mid 300's now that we broke 400.

everyones selling it down to mid 300's

this is not fun  

[Wandererfromthenorth]

[adamstgBit]

[Searing]

well hell that seems a bit harsh

then again any more good news like ebay taking paypal etc and the price tanks I may just crawl under that tombstone

[Tzupy]

Good lord, are we just going to grind down an average of $10 a week until we hit $100?  Not panicking, just a serious question here.

sure seems like it...

With low volume maybe, but I doubt it. Volume should pick up soon, and we'll see some big dumps that will test the real bottom.
Shouldn't take more than 3 - 4 weeks from now. If it takes longer, blame hodlers for being stubborn.

[justusranvier]

How to benefit from Bitcoin exchange rate declines*:

1. Buy some more coins.
2. Remove them from the exchange and put them in your own wallet.
3. Goto 1

(*) Assuming you have a source of income independent from day tarding.

[adamstgBit]

Good lord, are we just going to grind down an average of $10 a week until we hit $100?  Not panicking, just a serious question here.

sure seems like it...

With low volume maybe, but I doubt it. Volume should pick up soon, and we'll see some big dumps that will test the real bottom.
Shouldn't take more than 3 - 4 weeks from now. If it takes longer, blame hodlers for being stubborn.

holders have good reason to be stubborn tho...

[inca]

The only desperation I can see is from bears praying for the price to fall.

To the average holder this is a time to accumulate coins. More the lower it falls. Do I wish the price was higher? Sure. But when the market turns watch out!

[Wandererfromthenorth]

How to benefit from Bitcoin exchange rate declines*:

1. Buy some more coins.
2. Remove them from the exchange and put them in your own wallet.
3. Goto 1

(*) Assuming you have a source of income independent from day tarding.

Shorting sounds better.

[cbeast]

The wheeler-dealer motto: You make your money when you buy.

[yokosan]

The only desperation I can see is from bears praying for the price to fall.

To the average holder this is a time to accumulate coins. More the lower it falls. Do I wish the price was higher? Sure. But when the market turns watch out!

[klee]

About 2000btc for 400$ - 2000btc for 380$ (at Bitstamp).

Interesting battle

[Boxman90]

holders have good reason to be stubborn tho...

On the flipside, bears clearly had plenty of reason to be bearish.

[adamstgBit]

when the market turns it won't be obvious and it won't just go up up up

we'll see a random walk with an upward drift, bottom will only be detectable weeks after the fact

i just don't see a massive capitulation event declaring bottom, in the cards.

[Ivanhoe]

holders have good reason to be stubborn tho...

On the flipside, bears clearly had plenty of reason to be bearish.

TA yes, FA no.

[klee]

when the market turns it won't be obvious and it won't just go up up up

we'll see a random walk with an upward drift, bottom will only be detectable weeks after the fact

i just don't see a massive capitional event declaring bottom, in the cards.

The really frightening part!