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

[samsonn25]

MAJOR Support at $340 and $200

[inca]

I think we'll find a meanwhile bottom very soon, in not more than 7 days. But how it will develop after a bounce to 400, 500, 600 or even higher, that's another question. I don't think it will be finished with this downswing.

Hope it turns up Shickeria. We have a beer each riding on whether it breaches the yearly low before 2015:)

Right. Time to perform some bitcoin retail therapy and add a few coins to my stash.

[ssmc2]

This can't be happening

[Schickeria]

I think we'll find a meanwhile bottom very soon, in not more than 7 days. But how it will develop after a bounce to 400, 500, 600 or even higher, that's another question. I don't think it will be finished with this downswing.

Hope it turns up Shickeria. We have a beer each riding on whether it breaches the yearly low before 2015:)

;-)

[POM]

I had to buy at $359 lol too good of a price to pass up

[btcney]

Guys just stop looking at BTC-e!
Problem solved

[podyx]

This is so crazy..
If price goes to $0 tomorrow then who else but me is incredibly fucked?? (it won't of course, just a thought experiment knida)

It feels better to not be alone about it

[Eddie Brock]

I don't understand why holders are selling their btc



People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

[hd060053]

I don't understand why holders are selling their btc



People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

hodlers are not selling, only one entity/manipulator/mark karpeles is selling

[ssmc2]

Volume is weak. Trolls are weak. Meh.

[Oblodo]

I don't understand why holders are selling their btc



People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

hodlers are not selling, only one entity/manipulator/mark karpeles is selling

please post your evidence of that...

[kryptopojken]

Holy shit,check the Satoshi wallets!  

address pls?

[practicaldreamer]

The only possible answer would be that they don't really believe in this technology, I guess

They're speculators. Speculators lifeblood is confidence. Confidence is down.

But what has changed other than confidence ?

Stand firm. Have the courage of your convictions.

[adamstgBit]

[JayJuanGee]

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

paranoia is driving prices...

we are doomed!

I'm fighting off the urge to cut my losses and accumulate a bit more. I think if we breach $360 I'll be doing that... it's hard not to. I lose money everytime I try to time downturns but this feels a bit different for some reason. Might still just hold and accumulate w/ fresh fiat if we go much lower. This paranoia isn't helping

when you feel you've hit rock bottom, sell all your bitcoins.

Yeah that's one way to lose out on potential profits...     

[podyx]

I must say though, despite all this bleeding, the shits getting edgy and exciting, no??

[Eddie Brock]

I don't understand why holders are selling their btc



People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

hodlers are not selling, only one entity/manipulator/mark karpeles is selling

how do we know that that's true

[JayJuanGee]

For the first time i'm wiring loaned money to exchange. Let's see how this turns out (will be waiting for better price though. I'm thinking maybe $280 unless we see a clear reversal)

Maybe i'm already ruining my moneymaking career or my life for that matter but gotta give it a shot

Worst case scenario, i'm sure someone of you nice fellas can get me a g23 so i can blow my fucking brains out (Living in sweden it's tricky to get guns)

Never invest more than you can afford to lose, and I would NOT bank on BTC prices going that low... Will be lucky to break $320, but what the fuck do I know?  Seems like these BTC price probabilities are an evolving target, and I would NOT put it past whale manipulators to keep manipulating.. and with the current set up of buying off exchange and selling on exchange, there is probably considerable ability for some of these bear whales to NOT run out of coins.

[Schickeria]

I don't understand why holders are selling their btc



People that hold btc are doing so because they believe that it will be used worldwide by pretty much everybody, right? (="going to the moon")

This means that each btc will be worth thousands (or millions) of dollars, according to this thery.

In this view, btc are underpriced now... so why sell?

The only possible answer would be that they don't really believe in this technology, I guess

hodlers are not selling, only one entity/manipulator/mark karpeles is selling

So tired of small, plain children's world.

[njcarlos]

NJCarlos:   What's your average buy price per BTC including transaction fees?   Are you in the red or in the black?

I'm actually playing with gains at this point. My initial investment is currently on the sidelines in fiat. If I wait until $350 and put my initial investment back in, I imagine my average cost per coin would be around $150 or 200, since I have been buying small quantities at specific intervals since $420-430. All in all, I'm not in a bad position, and since I'm playing with gains (no disrespect to anyone that's in the red), I'm inclined to hold and not attempt to time the bottom. Instead, I'll try to time the bottom with additional fiat. That's my gut feeling atm, at least.