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

[Miz4r]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

[rezurect]

something weird is happening..
http://blockchain.info/charts/estimated-transaction-volume?timespan=60days&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

3 consecutive days of over 300k bitcoins moved , never happend in the last 60 days.
and today volume is at 400k.

somebody is moving large amounts to god knows where

Gox?

can msbs trade their coins?
if not gox hope its not to a trading a/c for a dump
lets see if it gets to into the orderbook.

[NewLiberty]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

I bet there will be fireworks.  Lots of fireworks.  And parades.

[Jozzaboy]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

I bet there will be fireworks.  Lots of fireworks.  And parades.

Pretty much, anyone who holds a hoard of BTC already sold or is out partying. As a British citizen in Texas, I don't know what the hell I will do today. Probably sleep because I was up all night again

[gizmoh]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

I bet there will be fireworks.  Lots of fireworks.  And parades.

Which color, i prefer Red, they shine better 
Maybe its already starting..

[spooderman]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

I bet there will be fireworks.  Lots of fireworks.  And parades.

lel

[ag@th0s]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

Is it good news? Reads like a BFL statement to me - jam tomorrow.

[Jozzaboy]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

Is it good news? Reads like a BFL statement to me - jam tomorrow.

BFL statement? Jam tomorrow?



 

[ag@th0s]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

Is it good news? Reads like a BFL statement to me - jam tomorrow.

BFL statement? Jam tomorrow?



 

LOL - there'll be blood on the monitors tonight

[NewLiberty]

It will be interesting to see how the US will react to the good news from MtGox. Up or Down? We will find out in about an hour from now.

I bet there will be fireworks.  Lots of fireworks.  And parades.

Which color, i prefer Red, they shine better 
Maybe its already starting..

Red is guaranteed, with some white and blue.
There will also be much drinking and BBQ.  
People will celebrate nationwide.

[Miz4r]

Traders don't party, they are glued to their monitor all day watching the price.

[ChartBuddy]

[Abandon]

Maybe short at 81 then... it's slowing down.

How about no?

Why not? I'm welcome to both sides of the story.

Do as you like, but shorting is way too dangerous for my taste.

A recovery to 90+ is very possible.

You are right. Shorting bitcoins is crazy shit, you can be a bear and sell waiting for cheaper coins, but shorting is something I'd never do with BTC.

You are also right on the possibility of bouncing back to 90+. But I wouldn't call it "a recovery", I would call it another "epic sucker rally". Or a bull trap.

Shorting essentially is the opposite of buying. If you think the price will go down then short, if you think the price will go up then go long. In a bear market, shorting is usually safer than buying. Then again, I wouldn't recommend trading at all, unless you know how to trade well and safely.

I myself usually profit more from shorting than going long. People often get in the mentality where they're afraid to not hold BTC, let alone to short it, which is silly. No one should sleep holding bitcoin at this point, unless one has some credible certainty that the price will rise.

I'm shorting now.

[gandhibt]

Maybe short at 81 then... it's slowing down.

How about no?

Why not? I'm welcome to both sides of the story.

Do as you like, but shorting is way too dangerous for my taste.

A recovery to 90+ is very possible.

You are right. Shorting bitcoins is crazy shit, you can be a bear and sell waiting for cheaper coins, but shorting is something I'd never do with BTC.

You are also right on the possibility of bouncing back to 90+. But I wouldn't call it "a recovery", I would call it another "epic sucker rally". Or a bull trap.

Shorting essentially is just the opposite of buying. If you think the price will go down then short, if you think the price will go up then go long. In a bear market, shorting is usually safer than buying. Then again, I wouldn't recommend trading at all, unless you know how to trade well and safely.

I myself usually profit more from shorting than going long. People often get in the mentality where they're afraid to not hold BTC, let alone to short it, which is silly. No one should sleep holding bitcoin at this point, unless one has some credible certainty that the price will rise.

I'm shorting now.

It's not silly. In this world economical situation it's maybe better to trust more in BTC than in fiat. I'm trading to get more BTC, because I believe BTC will be more valuable than fiat in the future. The biggest trend is BULLISH.

[barbs]

here comes another dump. fingers crossed it goes lower than my stupid sale this morning. sorry guys!

[circuitry]

It's not silly. In this world economical situation it's maybe better to trust more in BTC than in fiat. I'm trading to get more BTC, because I believe BTC will be more valuable than fiat in the future. The biggest trend is BULLISH.

[Dalib]

here comes another dump. fingers crossed it goes lower than my stupid sale this morning. sorry guys!

Put your bid orders at your sales price - 10% (or more). You will see that they are filled within a few days.

It would be silly to buy higher before the next "discount" level....

[Abandon]

Maybe short at 81 then... it's slowing down.

How about no?

Why not? I'm welcome to both sides of the story.

Do as you like, but shorting is way too dangerous for my taste.

A recovery to 90+ is very possible.

You are right. Shorting bitcoins is crazy shit, you can be a bear and sell waiting for cheaper coins, but shorting is something I'd never do with BTC.

You are also right on the possibility of bouncing back to 90+. But I wouldn't call it "a recovery", I would call it another "epic sucker rally". Or a bull trap.

Shorting essentially is just the opposite of buying. If you think the price will go down then short, if you think the price will go up then go long. In a bear market, shorting is usually safer than buying. Then again, I wouldn't recommend trading at all, unless you know how to trade well and safely.

I myself usually profit more from shorting than going long. People often get in the mentality where they're afraid to not hold BTC, let alone to short it, which is silly. No one should sleep holding bitcoin at this point, unless one has some credible certainty that the price will rise.

I'm shorting now.

It's not silly. In this world economical situation it's maybe better to trust more in BTC than in fiat. I'm trading to get more BTC, because I believe BTC will be more valuable than fiat in the future. The biggest trend is BULLISH.

1. You don't need to try and catch every upward rise that may or may not happen, while you risk catching every downward fall. At this point, the falls go further down than the rises go up. A missed profit is not a loss, but if the market moves against you, it is a loss. Protect your fiat in times like these.

2. High risk is only for high gains. If you don't expect the price to move in a direction significantly, and the risk is high, then don't trade it.

3. Trading is different than investing. Investors can wait the longest time, holding through every up and down for the price to finally go where they want it. Trading takes more day to day risk management.

Have some patience, and don't be foolish. We're in a bear market. Bitcoin is a poor investment, until another bubble starts brewing.

[barbs]

here comes another dump. fingers crossed it goes lower than my stupid sale this morning. sorry guys!

Put your bid orders at your sales price - 10% (or more). You will see that they are filled within a few days.

It would be silly to buy higher before the next "discount" level....

Thanks.. I'll give this a go, i'm away this weekend and I will check in sporadically

[gandhibt]

Maybe short at 81 then... it's slowing down.

How about no?

Why not? I'm welcome to both sides of the story.

Do as you like, but shorting is way too dangerous for my taste.

A recovery to 90+ is very possible.

You are right. Shorting bitcoins is crazy shit, you can be a bear and sell waiting for cheaper coins, but shorting is something I'd never do with BTC.

You are also right on the possibility of bouncing back to 90+. But I wouldn't call it "a recovery", I would call it another "epic sucker rally". Or a bull trap.

Shorting essentially is just the opposite of buying. If you think the price will go down then short, if you think the price will go up then go long. In a bear market, shorting is usually safer than buying. Then again, I wouldn't recommend trading at all, unless you know how to trade well and safely.

I myself usually profit more from shorting than going long. People often get in the mentality where they're afraid to not hold BTC, let alone to short it, which is silly. No one should sleep holding bitcoin at this point, unless one has some credible certainty that the price will rise.

I'm shorting now.

It's not silly. In this world economical situation it's maybe better to trust more in BTC than in fiat. I'm trading to get more BTC, because I believe BTC will be more valuable than fiat in the future. The biggest trend is BULLISH.

1. You don't need to try and catch every upward rise, while you risk catching every downward fall. At this point, the falls go further down than the rises go up. A missed profit is not a loss, but if the market moves against you, it is a loss. Protect your fiat in times like these.

2. High risk is only for high gains. If you don't expect the price to move in a direction significantly, and the risk is high, then don't trade it.

3. Trading is different than investing. Investors can wait the longest time, holding through every up and down for the price to finally go where they want it. Trading takes more day to day risk management.

Have some patience, and don't be foolish. We're in a bear market.

I'm agreeing in these points. I was talking about BTC vs. fiat in long term. But, it's not wise to trade ALL your BTC to fiat even now. That's also risk management.