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

[ChartBuddy]

Explanation

[adamstgBit]

Smells like a rebound??    Dead Cat Bounce!!  

there ftfy

[solex]

this is the end.
all hope is lost.
fuck!

Adam, how do you rate the current doom, gloom, fud-fest with Nov 2011?

[BBmmBB]

Smells like a rebound??    Dead Cat Bounce!!  

there ftfy

sell sell sell...muuahhahah 

[CoinsCoinsEverywhere]

My 2 cents:

I wish it weren't true because I want the price to go up, but I think we need a game-changer to get another real rally going.  Some things that I think might qualify include a very (preferably unexpectedly) positive revision of BitLicense or an announcement about an actual listing date for a bitcoin ETF on an exchange.  Barring something big like that, I think we'll test the 266 area again because I think the collective market wants to know if that level will actually hold.  I think many people expected a bounce off that area, which is why we got a good, strong one.  But I'm not sure how many people believe that it will hold a second time...and more importantly, what happens if it doesn't.

The one technical thing that I think could lead to a new, sustained rally is TRUE capitulation.  And by true capitulation I don't mean the dip into the 200s that we saw recently.  I mean where even some of the earlier adopters start to question if bitcoin will survive.  I think the market has been saturated with newcomers (myself included) since the rally at the end of last year, and it really needs a reset where most of those people are wiped out.  Otherwise, I feel like we're just slowly going to sink under the weight of the miners, at least for a fairly extended period of time.

Long term, I think there's still hope.  But short/medium term, I think we need something big to ignite another rally.

[adamstgBit]

this is the end.
all hope is lost.
fuck!

Adam, how do you rate the current doom, gloom, fud-fest with Nov 2011?

this is more painful...

more money on the line.

more stress.

[dakota neat]

I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.

[findftp]

I mean where even some of the earlier adopters start to question if bitcoin will survive.

Well it's really difficult to lose hope 5 times in a row and proved to be wrong about bitcoins death.
I only had 2 bubbles and was lured into selling at previous crashes. Now I just buy,.. and hodl.

[tarmi]

I bet at least one of our beloved exchanges is running on fractional reserve and flood the market with virtual coins. Not even the dumbest noob traders can be that dumb, seriously wtf.

the one with 20 mil in USD swaps?

[mmitech]

You call this a drop ? nah.... I think what is coming is more fun, just wait for it.

[adamstgBit]

You call this a drop ? nah.... I think what is coming is more fun, just wait for it.

- 6-8% in a day?
 
i call it a crash, not a drop.

[mmitech]

You call this a drop ? nah.... I think what is coming is more fun, just wait for it.

- 6-8% in a day?
 
i call it a crash, not a drop.

Really ? you call this a crash ? man you are going to have a really bad time.

[i dig bitcoins]

this is the end.
all hope is lost.
fuck!

380  before end of Monday guaranteed.  

There are those who will try to retest 350 first. From what I can see there are "minor" traders chasing performance and have been getting burned.
There's a lot of panic shorting occurring by amateur traders.

[adamstgBit]

You call this a drop ? nah.... I think what is coming is more fun, just wait for it.

- 6-8% in a day?
 
i call it a crash, not a drop.

Really ? you call this a crash ? man you are going to have a really bad time.

ok i MAY BE exaggerating here...
but come on!  price is not high, price is low, buy you mofos!

[NotLambchop]

You call this a drop ? nah.... I think what is coming is more fun, just wait for it.

- 6-8% in a day?
 
i call it a crash, not a drop.

Anything < 70% down = "healthy price correction, bullish!"

Anything above = "Yeah, well, I meant to do that."

[klee]

The parents of the 30k BTC bearwhale?

[rokkyroad]

Another thing.

Early adopters and miners own the marketplace. Those people that bought thousands of coins under $200 are still making huge profits dumping coins. Look at that big $300 sell off a little while ago. Everyone ate those $300 coins up.

Until those cheap coins are gone volatility rules.

[macsga]

Red fights Green.


I vote for the later.

[BrewCrewFan]

You call this a drop ? nah.... I think what is coming is more fun, just wait for it.

- 6-8% in a day?
 
i call it a crash, not a drop.

Anything < 70% down = "healthy price correction, bullish!"

Anything above = "Yeah, well, I meant to do that."

How long are you going to use the ATH for this? Why not go back when it was pennies and now we can see some real gains!

Gosh lamb, I say this out of kindness, get a life. If you hate BTC so much then find another hobby, for being a troll is not something to be proud of.

[bigasic]

If it drops below 300 for too long, the miners will lose their shorts. Granted, the newer miners are much more energy efficient, but the miners are partly to blame, they should hold more and just sell enough to pay for expenses, but I do think that some of this sell of is due to bitcoin thefts, there have been plenty of them in the past year, im only guessing, but thats all you can do in this fucking game. Im considering selling off and catching at the bottom, I feel that we may test 250 or lower.. I hope im wrong, but not if I sell, lol..

Ill stick to my guns and hodl, I just need to find some cash to buy at the low prices.