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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21330124 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (104 posts by 20 users deleted.)
ssmc2
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January 13, 2015, 01:06:39 AM

Let's get this over with. Come on volume.
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January 13, 2015, 01:10:41 AM

It's now 09:10 in China.

The tone has been set for the day. Gonna be a long night here.
derpinheimer
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January 13, 2015, 01:13:04 AM

Is the tone... double bottom? Rocket time? Yes, yes I think it is!
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January 13, 2015, 01:13:27 AM

Lick your wounds, bull. A comet just fell in your fucking ass. It was made out of rubber and fabricated in China.

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January 13, 2015, 01:14:31 AM

excellent points... soon optimists will come to their senses and understand that there's avalanche of coins that will cripple rallies, it's why Willybot was successful because it was buying with fiat it didn't own and when there was less supply of minted coins... in addition to all those frustrated hodlers that are just waiting to gtfo at 500, 600, 700+ range there's also oversupply from US marshals, MtGOX liquidation, mining companies, payment processors that do nothing but dump right back at you, i don't even want to mention margin trading... CCMF anyone?

 

<doomer alert>

Let me guess, you are wearing a placard saying, 'the end of the world is nigh (sell bitcoin)'?

I sold my bitcoins on 2013 December, when the price was about 1060$. After that, I have only bought bitcoin by holding it no more then 12h tops.
I just haven't seen a reason that would cause a strong enough rise to be sustained. I think that the crypto market is highly inefficient, and the majority of the players are dumb and inexperienced.

I believe that there would have been a proper trend reversal in 2014 Q3, if the market would have dropped to around 200$ in Q1 and would have rested there till Q3, and then there would have been enough force to push the rise back into orbit. The fake reversals that we have seen here, have only made the market weaker. For instance, if the price would have stayed at 200$ for the first part of 2014, then it would have slowed down mining expansion and that would have meant less cost for the network and less selling pressure. Biggest buyers of coin jumped in too early and only exhausted their resources in paying the overheated and senseless mining network.
Now, the rich enthusiasts are out of resources or enthusiasm and because there are even more mined accumulated coins waiting to be sold, the selling pressure is even higher then before to push through.
Bitcoin as an investment went to hell, because people couldn't keep a cool head and tried to push BTC up too early. Too much of "if we believe it enough, then anything can happen!!!" attitude will screw things up like that.

samsonn25
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January 13, 2015, 01:14:45 AM

Looks like they want to test the lows from last week
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January 13, 2015, 01:16:26 AM

Where my shorting bros at?
 Cheesy Cheesy Cheesy
Eamorr
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January 13, 2015, 01:16:49 AM

Form an orderly queue for the exits folks.

Mind the China man's cheque doesn't bounce on the way out.
BlindMayorBitcorn
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January 13, 2015, 01:18:03 AM

Is the tone... double bottom? Rocket time? Yes, yes I think it is!


 Cheesy
Eamorr
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January 13, 2015, 01:22:02 AM

Where my shorting bros at?
 Cheesy Cheesy Cheesy

What makes you think your short contract will be honoured when there's blood on the streets?
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January 13, 2015, 01:22:07 AM

Bam, and a new low on Houbi and OKCoin.
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January 13, 2015, 01:23:50 AM

Bam, and a new low on Houbi and OKCoin.

Anyone brave enough to fill their boots right now?  Grin
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January 13, 2015, 01:24:06 AM

Bam, and a new low on Houbi and OKCoin.

Nice! Perhaps those silly Canadians will follow suit and take my bid at 290 as well?
Dilla
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January 13, 2015, 01:24:47 AM

High $100s? Double digits? Let's get this shit over with so we can send it to the moon!
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January 13, 2015, 01:25:33 AM

Bam, and a new low on Houbi and OKCoin.

Anyone brave enough to fill their boots right now?  Grin

All over it, just hope my "boots" get filled.  Grin
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January 13, 2015, 01:26:13 AM

They won't stop until it's single digits. Cheesy
tarmi
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January 13, 2015, 01:26:48 AM

mucho dinero went poof
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January 13, 2015, 01:27:30 AM

wow this line was important the hodl... This is starting to look like panic.
Wandererfromthenorth
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January 13, 2015, 01:28:09 AM

1 year low everywhere Grin




It's happening  Cheesy
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January 13, 2015, 01:28:13 AM

They won't stop until it's single digits. Cheesy


That'd be crazy, I'll take a few thousand btc at that price Grin
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