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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26369823 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
ChartBuddy
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September 28, 2014, 04:01:18 PM


Explanation
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1714504259
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adamstgBit
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September 28, 2014, 04:01:25 PM

its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something Smiley
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?
EFS
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September 28, 2014, 04:01:34 PM

I don't sell anything but I don't like this down movement.
fonzie
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September 28, 2014, 04:02:55 PM

*cough cough* DOGE *cough cough*

DOGE/CNY and DOGE/BTC on the rise again.

 Cheesy
adamstgBit
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September 28, 2014, 04:03:22 PM

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

you and 1million other hodler feel the same way  Tongue
Torque
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September 28, 2014, 04:04:37 PM

its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something Smiley
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
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September 28, 2014, 04:04:59 PM

its the same wall that was blocking at 415 yesterday

Some of it. A lot is new.
adamstgBit
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September 28, 2014, 04:05:04 PM

its the same wall that was blocking at 415 yesterday
Maybe give it a name, George the sellwall or something Smiley
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?
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September 28, 2014, 04:07:07 PM

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  Cry
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September 28, 2014, 04:07:41 PM

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September 28, 2014, 04:09:27 PM



Searing
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September 28, 2014, 04:09:47 PM



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
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September 28, 2014, 04:10:05 PM

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. Wink
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September 28, 2014, 04:12:38 PM

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
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September 28, 2014, 04:12:56 PM

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. Wink

holders have good reason to be stubborn tho...
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September 28, 2014, 04:14:13 PM

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
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September 28, 2014, 04:14:47 PM

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.
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September 28, 2014, 04:18:19 PM

The wheeler-dealer motto: You make your money when you buy.
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September 28, 2014, 04:18:36 PM

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!

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September 28, 2014, 04:18:43 PM

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

Interesting battle
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