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

[podyx]

Ah, stability. This is what I love to see. The near-perfect balance between greed and fear. With world financial markets in turmoil, Bitcoin is the port in the storm.

Go ahead, fear-mongers and try to tear down that $300 wall. I dare you. You will unleash a beast that is growing restless in his cage. I have never been short in four years of holding Bitcoin and I am just aching to close that position on your asses.

Your move, Gentlemen.

Isn't it you who said you were short and had a good cold storage stash so it didn't matter if price went up or down?

Are you saying bitcoin will collapse if we go sub $300 or what?

Nope, not saying that at all. Bitcoin cannot collapse as long as there are two or more bidders. If bitcoin goes down to a fraction of a cent and I end up owning all of them and nobody wants to buy them, I consider that a win, like a poker player with all the chips at the end of the game. But that won't happen. Capital is fleeing Russia right now and all of the non-oligarchs have only one way to evade capital controls. Care to guess what that one way is?

Doesn't make sense how you would want useless numbers on a computer. Why not buy a bunch of dogecoin or some other useless altcoin if that is your goal?

I can see some people wanting a bunch of useless dollars if it were to hyperinflate, cuz it looks cool and you see it in all the movies but bitcoin, a bunch of useless numbers on a screen? Why?

Looks like the capital fleeing from russia is going into ripple by the looks of it.

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[God27]

Ah, stability. This is what I love to see. The near-perfect balance between greed and fear. With world financial markets in turmoil, Bitcoin is the port in the storm.

Go ahead, fear-mongers and try to tear down that $300 wall. I dare you. You will unleash a beast that is growing restless in his cage. I have never been short in four years of holding Bitcoin and I am just aching to close that position on your asses.

Your move, Gentlemen.

Isn't it you who said you were short and had a good cold storage stash so it didn't matter if price went up or down?

Are you saying bitcoin will collapse if we go sub $300 or what?

Nope, not saying that at all. Bitcoin cannot collapse as long as there are two or more bidders. If bitcoin goes down to a fraction of a cent and I end up owning all of them and nobody wants to buy them, I consider that a win, like a poker player with all the chips at the end of the game. But that won't happen. Capital is fleeing Russia right now and all of the non-oligarchs have only one way to evade capital controls. Care to guess what that one way is?

Doesn't make sense how you would want useless numbers on a computer. Why not buy a bunch of dogecoin or some other useless altcoin if that is your goal?

I can see some people wanting a bunch of useless dollars if it were to hyperinflate, cuz it looks cool and you see it in all the movies but bitcoin, a bunch of useless numbers on a screen? Why?

Looks like the capital fleeing from russia is going into ripple by the looks of it.

There's no way for Russia to get into ripple right now.  However, ripple signed a bank Fidor which has an office in Russia.  So maybe one day but right now its not the ruble going into XRP.

Corrupt CNBC
Russians move into bitcoin as ruble tanks
http://www.cnbc.com/id/102275772

[ejinte]

Looks like the capital fleeing from russia is going into ripple by the looks of it.

[podyx]

Looks like the capital fleeing from russia is going into ripple by the looks of it.

  I know this is a stupid statement but it definately ain't looking like any money of significant amount is going into bitcoin

And about the cnbc article, 800 trades a day is nothing. You can see more trades on chinese exchanges in less then 5 minutes even in the quietest of times

Perhaps we'll see more of an impact as the ruble contionues to rot in rapid speed but there's not really any sign of that.

[JorgeStolfi]

Russians move into bitcoin as ruble tanks
http://www.cnbc.com/id/102275772

BTC:RUR volume on BTC-e has "exploded" from ~200 BTC/day to ~800 BTC/day over the last 2-3 days. That is ~260'000 USD/day.  Wow.  In another few days those millions of desperate Russians will be able to buy a modest house in the Bay Area and relocate there.

Seriously, volume has been up in all exchanges, as it usually does when the price changes fast (up or down). 

[caga]

2014, the year of the trolls, is almost in the books. Hope has faded, interest is all but gone, will 2015 be more of the same? Another year like this one would be difficult, to say the least.
 

Maybe the halving would get the miners away and increase the price.

[samsonn25]

2014, the year of the trolls, is almost in the books. Hope has faded, interest is all but gone, will 2015 be more of the same? Another year like this one would be difficult, to say the least.
 

Maybe the halving would get the miners away and increase the price.

is possible if people still value it

[BoatsandBitcheswithBits]

She going down boys..how low will she go?

[ChartBuddy]

Explanation

[mrkavasaki]

di YOU guys think we will drop below 250$?

[Hunyadi]

di YOU guys think we will drop below 250$?

You "sold" already. Why the sad face 

[ndnh]

di YOU guys think we will drop below 250$?

I don't really think so. If it hits around $270, a lot of people are going to buy in.
If it doesn't hit there soon, those people will buy in.

Anyway, I will keep buying up till price crosses $330.

[lyth0s]

I think we will see a high-mid 200$ range very soon, after that, it all depends on our regular consumer getting into Bitcoin. It's funny to hear my mom suddenly talk about it, I think that's a good thing.

What made her talk about it? How often do you speak to her about it? What is her current sentiment about bitcoin?


I'm always interested in the "average joe (or josephina's)" perspective and how it changes over time.

[cbeast]

We're still in the Greater Rule of Thirds zone with 300 as the bottom and 600 as the top. It's fun to watch the big patterns play out just like the small ones. Bitcoin is so fractal.

[ChartBuddy]

Explanation

[freebit13]

I don't think we will go sub $300, unless someone picks up a lucky fish like they did for $275 back in October, but that corrected itself quite quickly.

Bitcoin was supposed to "go to zero" months ago, but it's still around and even more big players are getting in... I guess Microsoft are just a bunch of internet noobs...go figure.

Sorry billyjoeallen, but you won't get my coins...I'm still hodling.

[lyth0s]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

[mymenace]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

[lyth0s]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

Yeah the 3D MACD could reverse, but the overall morphology of the recent 3D MACD isn't the same as it was in the previous bubbles where each box on the histogram increased from the previous until its decline. I think a lot of TA becomes completely useless in the cases of market manipulation and big news, both of which could explain the current MACD and any reversal if it were to occur.

Most recently when the 3D MACD goes red, it's red for about 4 months...no bueno

[mymenace]

3D MACD is negative again. 2014 was truly a great year for the "value" of bitcoin, but was terrible year for its price.

I think we will be in the high $200's, IE 270-290's before the end of 2014.

what if they are waiting for the sell wall to build and buy up quick, could it turn MACD positive

Yeah the 3D MACD could reverse, but the overall morphology of the recent 3D MACD isn't the same as it was in the previous bubbles where each box on the histogram increased from the previous until its decline. I think a lot of TA becomes completely useless in the cases of market manipulation and big news, both of which could explain the current MACD and any reversal if it were to occur.

Most recently when the 3D MACD goes red, it's red for about 4 months...no bueno

yeah i agree the recent 3D MACD isn't the same as it was in the previous bubbles

 the trend down from this past high has certainly been different, still it can be compared a little to 2011