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

[alexeft]

Holy mastacholi, almost 10,000 pages. This might be the largest SMF thread ever.

we're near .. 10k pages soon . Stay tuned and  remember HODL like a boss.

We might fall victim to a post exterminator again. It might hover around 10,000 pages for a while.

ROFL!!!!

[alexeft]

Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.

It's a sure thing until it's not! Don't you think?

[Eastbay]

How can they claim to sell assets when the trial has not even started ?

Read the announcement: Ross agreed to the sale.

Yes, I should have read it, DPR agreed to the sale, quoting:

WHEREAS, the Government and Ulbricht agree that, due to the volatile market for bitcoins, the Computer Hardware
Bitcoins risk losing value during the pendency of the forfeiture proceedings;
WHEREAS, the Government and Ulbricht agree that the Computer Hardware Bitcoins are to be liquidated or sold by the
Government before the conclusion of the forfeiture proceedings, with the net proceeds of the sale to be held as
substitute res pending further order of this Court;

Who is Ross?

A crypto-god, he's the reason these btc are worth any real $$$, Ross Ulbricht (founder of original Silk Road)

[wmr42393]

The good news is, the SR crash was a catalyst for the Nov 13 pump.  

So it's a good sign, in all but the immediate short term.  But the market has reacted now and this news was on the horizon anyway, most were trading knowing this news would come sooner or later.

The market on Oct 2nd 2013 was very calm and the news created a bigger reaction.  Today was a bullish market so the effect was softened.  




  

[var53]

It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.


The bounce will happen in the next hour IMHO.

How high do you think it will bounce back, and what do you think will happen after that?

[ShroomsKit]

It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.


The bounce will happen in the next hour IMHO.

How high do you think it will bounce back, and what do you think will happen after that?

After that they will dump again. What else?

[JimboToronto]

We might fall victim to a post exterminator again. It might hover around 10,000 pages for a while.

Looks like hivertroll just got banned and all its threads and posts deleted.

That could delay 10,000 pages by a few hours.

[ChartBuddy]

Explanation

[alexeft]

It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.


The bounce will happen in the next hour IMHO.

How high do you think it will bounce back, and what do you think will happen after that?

$450 by Friday, then up!

[Amun]

I bought my coins at 385...lets hope I wont regret it

[galdur]

Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.

It's a sure thing until it's not! Don't you think?

It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isn´t in the majority of cases ? Like doing the 100% sure
thing.

[ShroomsKit]

It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.


The bounce will happen in the next hour IMHO.

How high do you think it will bounce back, and what do you think will happen after that?

$450 by Friday, then up!

Most likely the new auction will keep the price down like last time. Because it's super duper important. The day it ends the price goes up 20 bucks and then everyone will dump again to pre-auction levels and then everyone forgets the auction even existed and we will continue the regular pump and dump.

[wachtwoord]

Nice timing of the 50k BTC sell, and they'll have 2 bullets left. The US government is like PirateAt40 was for the Bitcoin price. After they are out, prices will explode.

[LFC_Bitcoin]

It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.


The bounce will happen in the next hour IMHO.

How high do you think it will bounce back, and what do you think will happen after that?

After that they will dump again. What else?

Shroomie it's the way it'll be until we get some good news or as time goes on adoption increases.

Prices at the moment mean fuck all, let poor ass traders get excited about making 30 dollars on a coin or ten by dropping the price.

It means nothing atm.

[alexeft]

Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.

It's a sure thing until it's not! Don't you think?

It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isn´t in the majority of cases ? Like doing the 100% sure
thing.

Same answer. The sure thing is sure until it isn't. Price should be turning up in the next few weeks and the loans you describe will become unpayable!

[NotLambchop]

...
Prices at the moment mean fuck all, let poor ass traders get excited about making 30 dollars on a coin or ten by dropping the price.
...

You're still here?  

...
With a bit of luck in 15-20 years it may be the best thing they ever did & if not it was worth a go, hey?

I think most of the folks in this thread are swing/day traders, some leveraged.  The changes you consider noise, to them, are bread and butter.
Hopefully, learning this saves you 15-20 years of hanging out in a thread so clearly irrelevant to you

[wmr42393]

It took 2-3 hours to reach the bottom in the SR1 bust crash when he got arrested and we are at about 2 hours.


The bounce will happen in the next hour IMHO.

How high do you think it will bounce back, and what do you think will happen after that?

Still bullish overall,  people that sold still want bitcoins im guessing, so if it stays stable then I expect it to be a gradual thing gaining pace.    if it dips again then I think a double bottom  (368 bitfinex) is the absolute best the bears can hope for.  If that happens we will probably bonce quicker.  


The SR crash is below.  But this crash is tame in comparison, traders learned a lot from SR imho, they won't sell so easy these days.

[btcney]

It seems the order is finally being restored.
Though all four of pig's trotters may occasionally leave the ground, this is not to be mistaken for flight.
Gentlemen.

Heh, will quote you in a few days  

Why wait?

See:

Back to 260$.

I'm a trader. I'm allowed to change my opinion.

Fucking traders, I hate them.

[galdur]

Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.

It's a sure thing until it's not! Don't you think?

It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isn´t in the majority of cases ? Like doing the 100% sure
thing.

Same answer. The sure thing is sure until it isn't. Price should be turning up in the next few weeks and the loans you describe will become unpayable!

And maybe no volume will turn into some volume.

[alexeft]

Well, bitcoin lending has experienced an explosive growth
this year and simultaneously dumping bitcoin to cover later
at lower prices has been a pretty much 100% sure thing.
Could there be a correlation ? Don´t ask silly me.

It's a sure thing until it's not! Don't you think?

It is. But what if the people that constantly whine about
slow BTC appreciation are simultaneously lending their
coin to short sellers ? Of course lending is always supposed
to be for noble purposes such as mining bitcoin but what if
it isn´t in the majority of cases ? Like doing the 100% sure
thing.

Same answer. The sure thing is sure until it isn't. Price should be turning up in the next few weeks and the loans you describe will become unpayable!

And maybe no volume will turn into some volume.

Volume is already better! There's also very good volume in the blockchain, at least compared to the summer. And google trends is leveling after a long fall!