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

[chromosoma]

Bitcoin will be dead till the end of this year. One must be  blind and stupid to not see, that bitcoin  is constantly going down. There are some  pums on the way, but overall BTC is dead.

You can still use it for your cheap speculation, but BTC will never be a free and  easy paying system.

[1714725633]

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[1714725633]

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[N12]

mmitech, I'm pretty sure you were one of the bulls who ridiculed me when I was bearish this year before you switched gears at 600, and now I think you're risking (well, it's not really a risk if you don't engage in shorting) getting stuck in the polar opposite. 

we go up $10 and you all get excited and start posting train pictures, then we go $20 down and you start trashing bears....same is  happening since $417 (the top since the $275).

Yeah right, I am the one trashing people. It's actually you who has been doing that for a long while, and it's pathetic. "Da beaaaars", "da buuuuuuulls", what's up, are you lacking some sense of identification/belonging?

And I've never posted any stupid trains either, but apparently you know all about me.

[Davyd05]

mmitech, I'm pretty sure you were one of the bulls who ridiculed me when I was bearish this year before you switched gears at 600, and now I think you're risking (well, it's not really a risk if you don't engage in shorting) getting stuck in the polar opposite. 

we go up $10 and you all get excited and start posting train pictures, then we go $20 down and you start trashing bears....same is  happening since $417 (the top since the $275).

Yeah right, I am the one trashing people. It's actually you who has been doing that for a long while, and it's pathetic. "Da beaaaars", "da buuuuuuulls", what's up, are you lacking some sense of identification/belonging?

And I've never posted any stupid trains either, but apparently you know all about me.

I've been around since last Nov. and I've never been offended by the way you share your opinion Blitz...mmitech however is on ignore...and reminds me of a tabloid front page.

[nakaone]

http://www.reddit.com/r/Bitcoin/comments/2kctwh/there_are_no_btc_available_left_to_short_on/


massive insider knowledge?

I do not understand the latest downtrend from ~480$ to now - all trends before were information driven. this stuff looks suspicious.

[N12]

"We're in a downwards trend. It doesn't matter that buying pressure exceeded 30k BTC of selling pressure at 300 and the price is going up. The market and the price are just too stupid to realize that we're not in a trend reversal!"

 

It really is funny. I've been insulted/made fun of for my bearishness since the bubble popped at the end of 2013. Being bearish used to be the contrarian position. Nowadays, being bullish is the contrarian play, just look how people will continuously attack you for stating relatively reasonable positions (that the conditions under which 275 has happened may not repeat again).

When the price is slowly going down with low volume, and then out of nowhere, someone spikes the volume with a 30k purchase, after what there will be a short rally upwards, and then again the slow downfall will continue. Then let's just say, that I'm not overly optimistic about the situation.
If I would be someone who owns several hundred thousand bitcoins, and several million dollars, then I would put up a sell wall like that, so I could buy it myself, and by that, try to stimulate the market just enough to get the value of my coins to rise again. I would be disappointed though, if it wouldn't cause a rise that could be considered very high and soon the situation would be like it was before my little shenanigan.

Bulls are far from being the minority here. They are still the strong majority, with those who have bought at 800$+ are only now getting some doubt next to their highly optimistic hopes. Repeating rants about bitcoin being a scam and how bitcoin stole all of their life savings have yet to come.

It's a matter of contest/debate. I say it's just a likely reversal pattern (and I've said so back at <300), perhaps you disagree. I don't even necessarily expect anything train worthy in the short/medium term, we could be going sideways for months even if it was a reversal.
 
As for bulls not being the minority here, I actually think they now are. Of course there are more people invested IN Bitcoin than directly against it, but certainly the vocal majority here has become a bearish one. That's the reason why I'm getting so many responses (and not just this one time); if people here were bullish, then I'd just be mostly ignored. I can't even list how many, but I certainly could have listed you everyone who was bearish in winter.

Also, I think that people are now ashamed for being Bitcoin holders. Can't imagine anyone proudly declaring themselves so anymore IRL.

[mmitech]

mmitech, I'm pretty sure you were one of the bulls who ridiculed me when I was bearish this year before you switched gears at 600, and now I think you're risking (well, it's not really a risk if you don't engage in shorting) getting stuck in the polar opposite.  

we go up $10 and you all get excited and start posting train pictures, then we go $20 down and you start trashing bears....same is  happening since $417 (the top since the $275).

Yeah right, I am the one trashing people. It's actually you who has been doing that for a long while, and it's pathetic. "Da beaaaars", "da buuuuuuulls", what's up, are you lacking some sense of identification/belonging?

And I've never posted any stupid trains either, but apparently you know all about me.

Now you are getting sensitive for no reason, I said "you get excited" and  was referring to bulls and not you exactly.... but hey, doesn't matter,lets sit back and watch what will happen....

[Mervyn_Pumpkinhead]

It's a matter of contest/debate. I say it's just a likely reversal pattern (and I've said so back at <300), perhaps you disagree. I don't even necessarily expect anything train worthy in the short/medium term, we could be going sideways for months even if it was a reversal.
 
As for bulls not being the minority here, I actually think they now are. Of course there are more people invested IN Bitcoin than directly against it, but certainly the vocal majority here has become a bearish one. That's the reason why I'm getting so many responses (and not just this one time); if people here were bullish, then I'd just be mostly ignored. I can't even list how many, but I certainly could have listed you everyone who was bearish in winter.

Also, I think that people are now ashamed for being Bitcoin holders. Can't imagine anyone proudly declaring themselves so anymore IRL.

To me, it's about finding enough new money to enter the market, that could sustain the abomination that is called bitcoin mining. If not enough new money will enter, then the old speculators have to empty their own pockets to sustain that mining. If they can't sustain it, then it's inevitable that the price will be slowly dropping with them having to share their coin dollar value with miners. TA can't be enough to save bitcoin price from falling, there has to be new proper marketing angles to promote bitcoin to new potential victims/investors/gamblers. Right now, the marketing around bitcoin is a total disaster without any signs of sunlight. Like you said yourself, even the bitcoin fanatics are starting to feel shame for holding bitcoin. Now imagine what someone feels who was skeptical about bitcoin before.

To me, the described rants are the important indicators of overall despair. There just aren't any rants to show the signs of despair. Only now the fanatical bulls are starting to show some doubt, with still strong overtones of optimistic hopes for the future.

[dakota neat]

Everyone and their mom is shorting bitcoin. Guess what will happen.

[ask]

Everyone and their mom is shorting bitcoin. Guess what will happen.

Silence will happen

https://www.youtube.com/watch?v=ghn3QBo-Mxk

[davidorentol]

Everyone and their mom is shorting bitcoin. Guess what will happen.

a lot of margin calls and  pain

[ChartBuddy]

Explanation

[inca]

But but but..I was told the price would fall forever because ..charts!

[inca]

"We're in a downwards trend. It doesn't matter that buying pressure exceeded 30k BTC of selling pressure at 300 and the price is going up. The market and the price are just too stupid to realize that we're not in a trend reversal!"

 

It really is funny. I've been insulted/made fun of for my bearishness since the bubble popped at the end of 2013. Being bearish used to be the contrarian position. Nowadays, being bullish is the contrarian play, just look how people will continuously attack you for stating relatively reasonable positions (that the conditions under which 275 has happened may not repeat again).

Being leveraged short now when doubt about the bear market being over has emerged would make traders defensive. They know the tide is turning. Hopefully a few of the less savoury characters on here will be caught pants down

[MrPiggles]

Openexchange rates appears to be broken, just opened multibit to see 1 btc = £270

i wish

[magicmexican]

Somewhat unexpected mini-bottom, i thought it will be more like 330 or something.

A small tarp incoming? If this will be another fake "recovery" 6h macD i will just have to laugh at this market.

[janos666]

Everyone and their mom is shorting bitcoin. Guess what will happen.

They will save Bitcoin's price from flash-crashing below 200$ during the next big dumping rape which seems to be probable according to historical data?

[chromosoma]

Hi. I just was in future. Bitcoin was dead, and the bitcoin chart looked like this.

[jeezy]

Hi. I just was in future. Bitcoin was dead, and the bitcoin chart looked like this.

Is this confirmed guys?

[zakalwe]

hahahahahahahahahahahahahahaa very funny. How many poor guys trying to bite crumbs of money (you are paid, that's clear). Get a real job, even if I have to say that you entertain me a lot! Thank you for writing all those bullshits
HAHAHAHAHAHAHAHHAAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAHA


(I mean, I am sorry for you, your life must to be a real shit!)

[inca]

Everyone and their mom is shorting bitcoin. Guess what will happen.

They will save Bitcoin's price from flash-crashing below 200$ during the next big dumping rape which seems to be probable according to historical data?

You mean the chart points down on your preferred timescale?