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

[touhonoob]

What if the whale sells again?
Will the price become lower than 300?

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[ChartBuddy]

Explanation

[bassclef]

To those who are still short and currently talking their book:

Look at yesterday's daily candle, then compare it to every other daily candle during the past year that resembles it. That is all.

[btcney]

What if the whale sells again?
Will the price become lower than 300?

better sell now

[fonzie]

Whew... wow man, look at all that rising volume!  All that buying, wow. People are just killing themselves to get at these cheap coins.

oh sure , the last 4h candle on Stamp had only 6500BTC...
It just looks small beside those 20000BTC 4h candles
It´s magic

in times with NO volume we have around 1-2k

[oda.krell]

Whew... wow man, look at all that rising volume!  All that buying, wow. People are just killing themselves to get at these cheap coins.

Actually... yes. Highest daily volume since more than half a year. Higher than the April "bottom" even.

Here's stamp, as an example:




Same on finex and okcoin. Huobi saw slightly higher in April.

[JayJuanGee]

Why Klee is such an angry twat:

FYI I got ALL IN on the way down @353$

 

I am buying 5btc for every 10$ drop, lets see if I get broke!

How much have you bought in the past 2 days? 

I started buying @390

5 @390
5 @380
5 @370

OOPS! BAHAHHAHA.

It is REALLY funny to make fun of someone... but NOT to provide your own specific and personal BTC investment details... and actually Klee seems to have had a pretty decent investment strategy - except maybe needing to keep some additional fiat available for BTC price spikes below $353, which NOW we know can happen b/c it did happen....

[byronbb]

This "The Bear WHale is dead" meme is unsettling. This could easily be an epic bull-trap.

[edwardspitz]

Attenzione: Pump incoming!

Because of Overstock's guy?

What, no? What did he say, is he wiring 50 Mio. to Stamp+BTC-E? I think price will go up because people are going to buy like mad. I can smell the bullishness in the orderbook, trades, charts. Everybody is waiting to buy back.

A mix of traders being p*ssed off and kind of bullish at the same time + the hope that maybe China will continue to (almost) ignore Stamp and do their own thing. That is my analysis anyway

[JayJuanGee]

Buy buy buy bitches!

Only noobs haven´t bought in @~300 already. 


I hope there are a lot of them left 

You mean the likely 200K+ bitcoiners that bought sometime this year and sold at a loss?  Yeah, I'm sure that their just DYING to buy back into the market.  

And all of their friends & family they told about their wonderful bitcoin experience this year too.

someone actually did this?

YEAH!!!!!!   Fictional people.         

[heartastack]

This "The Bear WHale is dead" meme is unsettling. This could easily be an epic bull-trap.

'The bear whale is rich and enjoying life' would is more accurate

[JayJuanGee]

I'm optimistic bitcoin will be 10 usd for 1 btc, really I am looking forward to the moment when the beautiful memories of the past (the old love blossomed back) ... how happy to be true collector bit coin

BTC love it ...

YES>>>>> SOME day in the future..... Probably after we are all dead.     

[N12]

Whew... wow man, look at all that rising volume!  All that buying, wow. People are just killing themselves to get at these cheap coins.

Actually... yes. Highest daily volume since more than half a year. Higher than the April "bottom" even.

Here's stamp, as an example:

https://i.imgur.com/Ae4nZHz.png


Same on finex and okcoin. Huobi saw slightly higher in April.

No more charts and facts please, only snarky remarks a la shroomsy and torque, our favorite bear trolls, allowed.

[Bitcopia]

Whew... wow man, look at all that rising volume!  All that buying, wow. People are just killing themselves to get at these cheap coins.

Actually... yes. Highest daily volume since more than half a year. Higher than the April "bottom" even.

Here's stamp, as an example:




Same on finex and okcoin. Huobi saw slightly higher in April.

This forum is no place for facts or backing up rational thoughts with data! FUD only please....

[inca]

To those who are still short and currently talking their book:

Look at yesterday's daily candle, then compare it to every other daily candle during the past year that resembles it. That is all.

Selling bitcoin short with any kind of leverage is an excellent way to be parted from your capital very quickly. I sense there are a lot of newbie traders hoping to cash in on the wild bitcoin swings. Most adventurous types try their hand with leverage and learn (myself included!) eventually the hard way.

Who knows what the price will do in the next few weeks. But i know after a prolonged bear market, with sentiment at rock bottom, many previous failed dead cat bounces, a high volume reversal and enough demand to buy 30,000 coins in 24 hours suggests this market is not going to crash and burn to zero like the trolling accounts exocytosis et al would have you believe. Shorting right now is definitely on the wrong side of the risk:reward spectrum.  

[Wilhelm]

I hope this upward movement stays. Probably we will get a small but significant sell-off before the moonphase ... ow well I'm in no hurry

[brg444]

looks like they found the body....

http://blogs.wsj.com/metropolis/2014/10/06/bear-cub-found-dead-in-central-park/

poor bear 

[lyth0s]

http://youtu.be/8cVlOWwsKgo?t=14m50s
Amir Taaki, goes ate shit thinks big on Keiser Report.

Anybody know where to buy that shirt? I need that shirt so bad.

he really has zero introspective abilities doesn't he...

he doesn't realise that no matter how passionate he is and how strong he feels about certain issues and ideas, legitimacy is important if you want to make impact and to have people listen to you. If you are going to purposely disregard the fact that people have programmed opinions and prejudices and not give a shit about how you come across because of that, you're just an idiot and you're shooting yourself in the foot and fucking with your big principles for the sake of very minor principles.... and everyone you work alongside and speak on behalf of.

as I type this he hasn't stopped... sounds like a high dude at a squat party

Watched until 17 min and he seemed level headed . Perhaps reference the time he becomes unruly for others

That guy is manic.

Diagnosed by Doctor Lyth

[inca]

looks like they found the body....

http://blogs.wsj.com/metropolis/2014/10/06/bear-cub-found-dead-in-central-park/

poor bear 

There are always casualties during a trend change!

[ShroomsKit]

http://techcrunch.com/2014/10/06/what-is-happening-to-bitcoin-right-now/

Note the quote. Exactly what i was thinking. It makes the most sense of all theories i've heard yet it's the hardest to believe for most here for some reason.

"Seems pretty clear to me. An early adopter decided $300 is their breaking point. They want to cash out their $9m before they miss their chance. They’re not experienced with handling this amount of money because they’ve never been rich before; they just got lucky. They don’t have the connections to sell off-market so they decided to sell the way they know and the way that’s guaranteed to work: a Bitstamp sell order below market. They could maybe get more money with a more sophisticated trading strategy but who cares? They’ll take their $9m and retire on a beach somewhere for the rest of their lives.
That’s what I’d do if I had 30,000 BTC right now and I bet you would too."

The guy was looking at the price going down every hour and basically panic sold. Below 300 was just too much for him. He was losing 10.000's per day.
He moved the coins to Stamp, right away did a 5k dump to secure a good amount of money (his aim was a million) and when he saw there were buyers he put the rest up at 300.
Perfectly reasonable explanation.
He wasn't the bearwhale. He also isn't buying back. Just a guy who wanted out. Yes, that happens.