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

[ft73]

This is a fundamental scared fiat bull trap.

First mark to watch, 104. Second, 115.

why 115?

Yes, i wonder why.
I'm monitoring $105 and $110 instead.

[1714210379]

1714210379

[ardana123]

Remember: If you buy early into a bull trap, you avoid paying +50% and buying into the top thinking it will go past 266 again. If then you become deluded, at least your losses will be mild and you can sell at cost.

And I will say it again. 99 is expensive, 101 is cheap.

And I will say it again. You're full of shit and just trying to sway some noobs.

[N12]

@ardana

What's your problem with simple psychology?

115 was the high from the bounce off 88. 110 is good too, it's marked by enormous volume. Largest volume on a 4h candle since the beginning of May.

[ardana123]

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

[vokain]

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

that doesn't explain other exchanges following.

[notme]

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

that doesn't explain other exchanges following.

Denial is not just a river in Egypt.

[ardana123]

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

that doesn't explain other exchanges following.

That's just sheep mentality, people still see Gox as the leader, so the moment the price changes on gox, everybody rushes to adjust their asks.

[ft73]

115 was the high from the bounce off 88. 110 is good too, it's marked by enormous volume. Largest volume on a 4h candle since the beginning of May.

In my opinion -IF- it's going to (eventually) break 110$ then i highly doubt 115$ will mean anything.
I think it would go straight to 120$ and over, quickly.

[N12]

I agree with you that this bull trap is probably sponsored by MtGox's incompetence. However, I see a slim chance that MtGox will fix everything and send everybody their money before the move I'm looking for occurs. The actual problem here is that people still believe MtGox's price is real, and not just a devaluation of the mtgoxUSD. So when mtgoxUSD gets further devalued, people think it's a rally and buy on Bitstamp. That's just the environment we have to deal with.

And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.

[vokain]

I would agree with u if the market wasn't so skewed from the withdrawal hiatus going on. People want to cash out, hence they are buying bitcoins in order to sell them at a loss. Only reason price is going up.

that doesn't explain other exchanges following.

Denial is not just a river in Egypt.

then why should the other exchanges go up at all?

edit:

That's just sheep mentality, people still see Gox as the leader, so the moment the price changes on gox, everybody rushes to adjust their asks.

ah

[BitPirate]

This is going to be a good week...

[ShroomsKit]

No more single digits for the third millenium.

The sad part is you think you're funny and try to gey away with looking like a dumb friggin idiot by posting stupid stuff like this.
How old are you? 16?

[vokain]

This is going to be a good week...

sarcasm?

[ShroomsKit]

I agree with you that this bull trap is probably sponsored by MtGox's incompetence. However, I see a slim chance that MtGox will fix everything and send everybody their money before the move I'm looking for occurs. The actual problem here is that people still believe MtGox's price is real, and not just a devaluation of the mtgoxUSD. So when mtgoxUSD gets further devalued, people think it's a rally and buy on Bitstamp. That's just the environment we have to deal with.

And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.

I have an idea. Why don't you just stfu and stop acting like you know it all. Because maybe, just maybe you may have noticed you don't know shit and are currently the biggest joker of this massive thread.

[BitPirate]

This is going to be a good week...

sarcasm?

No, I'm serious :-)

[vokain]

This is going to be a good week...

sarcasm?

No, I'm serious :-)

bitcoin illegal in thailand now :/

i understand that the thais' effect on global prices is quite minimal, but like, this does have psychological effects

[capsqrl]

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/

the following Bitcoin activities are illegal in Thailand:

    Buying Bitcoins
    Selling Bitcoins
    Buying any goods or services in exchange for Bitcoins
    Selling any goods or services for Bitcoins
    Sending Bitcoins to anyone located outside of Thailand
    Receiving Bitcoins from anyone located outside of Thailand

[BitPirate]

This is going to be a good week...

sarcasm?

No, I'm serious :-)

bitcoin illegal in thailand now :/

i understand that the thais' effect on global prices is quite minimal, but like, this does have psychological effects

Still early days, too early to say whether it is really illegal or not -- after all in such countries "everything not allowed is forbidden" -- and as a result laws are generally ignored.

Don't think there will be much effect.

Price is the good news.

[lebing]

https://bitcoin.co.th/trading-suspended-due-to-bank-of-thailand-advisement/

the following Bitcoin activities are illegal in Thailand:

    Buying Bitcoins
    Selling Bitcoins
    Buying any goods or services in exchange for Bitcoins
    Selling any goods or services for Bitcoins
    Sending Bitcoins to anyone located outside of Thailand
    Receiving Bitcoins from anyone located outside of Thailand

Woah, is there an official statement somewhere by their government on this somewhere? If this is true, its a big deal as I believe its a first for a country to outright outlaw bitcoins and potentially sets a precedent.

[phantastisch]

I agree with you that this bull trap is probably sponsored by MtGox's incompetence. However, I see a slim chance that MtGox will fix everything and send everybody their money before the move I'm looking for occurs. The actual problem here is that people still believe MtGox's price is real, and not just a devaluation of the mtgoxUSD. So when mtgoxUSD gets further devalued, people think it's a rally and buy on Bitstamp. That's just the environment we have to deal with.

And indeed it's true that only few Bitcoins that have left the visible order book on MtGox have hit Bitstamp so far.

I have an idea. Why don't you just stfu and stop acting like you know it all. Because maybe, just maybe you may have noticed you don't know shit and are currently the biggest joker of this massive thread.

"No more triple digits in 2013" , anyone ? Still waiting on the panic selling ...