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Question: Is this the last time we see sub-$10K?
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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21531776 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. (142 posts by 32 users deleted.)
inca
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March 17, 2015, 06:01:26 PM

I wouldnt bet on the next halving.

I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.

also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.

bears are in hibernation and waiting patiently.

A further 750 shorts threw in the towel in the last 24 hours. Broadly the same in dollar terms as the longs who closed their positions. Update on your position tarmi?


That chart is an illusion though.
Transaction volume measured in USD has stagnated.

This is more interesting. Like google trends chart if you look at the baseline daily transaction volume in USD it is broadly climbing after each bubble. Daily USD transaction volumes were roughly double in 2014 what they were in 2013. And that is despite the price crashing from 1200 to 280. It is common knowledge that bitcoiners hoard during price falls and spend during rises. So that is pretty impressive in itself.
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sAt0sHiFanClub
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March 17, 2015, 06:05:53 PM

Everything point towards the dump. Probably into the 250$ range once again, sigh.

I don't see it this way. The news in the bitcoin world are positive and promising. There's also a decent amount of confidence in the price since we broke the downtrend.


But we have arguably had  the best news for bitcoin in the last few weeks, and thankfully few new scams ( no mega scam anyway, but they are still brewing) yet the price is still stagnant, moving only in a vague pump and dump cycle every few days.
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March 17, 2015, 06:09:48 PM



Or just ban the IP address NotLambChop/Silverspoon/newbiejailnoplz is using  Kiss

the internet is just a confusing morass of techno mumbo jumbo to you, isn't it?   Huh     Grin Grin Grin
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March 17, 2015, 06:12:30 PM

Everything point towards the dump. Probably into the 250$ range once again, sigh.

I don't see it this way. The news in the bitcoin world are positive and promising. There's also a decent amount of confidence in the price since we broke the downtrend.


But we have arguably had  the best news for bitcoin in the last few weeks, and thankfully few new scams ( no mega scam anyway, but they are still brewing) yet the price is still stagnant, moving only in a vague pump and dump cycle every few days.

We've had a massive ddos on mining pools for over a week now. A serious attack on the system. Not the most newsworthy of events, but it could influence buyers. That been said, the rise has progressed well. We're not late for anything.
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March 17, 2015, 06:16:53 PM

i hope you were right... seem price  is stable atm.

 Undecided
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March 17, 2015, 06:32:30 PM

i hope you were right... seem price  is stable atm.

 Undecided

Yeah true...
And it seems to be totally fine as there's not much bangarang in the markets...
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March 17, 2015, 06:44:29 PM

I wouldnt bet on the next halving.

I think that the next halving will cut the miners in half and bring more centralization, not bigger prices.

also, this isnt about bears, but delusional bulls who think that we have capitulated. they are cutting their expensive longs right now.

bears are in hibernation and waiting patiently.

Miners have been cut in half already. If the price rises before the halving you will see the landscape change even more. it's quite a dynamic industry. But I don't see how that will change the fact that the halving will reduce the number of new bitcoins on the market. Could you elaborate?


market will be already saturated with daily supply. I have my doubts about price going up before the halving.

unless the price does not go 100 % up before the halving, many of the miners will leave the network.
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March 17, 2015, 06:59:32 PM

Coin
Explanation
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March 17, 2015, 07:07:19 PM

Someone bought more than 500 bitcoin on Bitfinex. OKCoin will go above 1800 for sure..
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March 17, 2015, 07:12:41 PM

O NOES!!!! BIT went down 10-20 dollars and now its dead!!! SELL SELL SELL!!!!!

/insert random Chinese pic or my little pony....
tarmi
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March 17, 2015, 07:17:34 PM

a small rebound because some shorts are covering...

we bounced back down from weekly sma20 yesterday. I am still short.
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March 17, 2015, 07:20:08 PM

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March 17, 2015, 07:21:26 PM

ok feel free to rally. sold off part of my margin buy and figure thatll kick off the rally...

surprised it didnt. ohh well reentry $3.50 lower than sale price
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March 17, 2015, 07:22:17 PM

a small rebound because some shorts are covering...

we bounced back down from weekly sma20 yesterday. I am still short.
Well, it's the width that counts.
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March 17, 2015, 07:30:01 PM

I think selling under 300$ is too dangerous. We need only one big news for above 300.
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March 17, 2015, 07:39:52 PM



This goes well with my $268 target Cool
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March 17, 2015, 07:40:56 PM

I was traveling for work since March 09.  Eight days without hearing, reading, writing or saying the word "bitcoin".  Logged back in today March/17 at about 14:00 UTC.  I see that the price hasn't changed much, has it?  Grin
It's back to business then. I'll have to report that while forum members explicitly expressed concerned over Lambchop's absence, nobody seemed to miss you.

You inaugurate your return by implying that price stability is a bad thing. Not that you like volatility. Come to think about it, you are not comfortable with BTC having a price and being traded at all.

So yes, you are back. Yipee.


michaelGedi
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March 17, 2015, 07:41:34 PM

This goes well with my $268 target Cool


in just enough time to make a cool 10% bounce back to 300ish before a break down to despair  Cool
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March 17, 2015, 07:44:07 PM

I'm despaired waiting for the despair.. Does that count?
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March 17, 2015, 07:59:05 PM

Coin
Explanation
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