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

[gizmoh]

throughout this drop both support and resistance have been extreme. volume is very high. the volatility has brought in a lot of day traders looking to capitalize on the drop. I played the game myself, sold high bought lower! The risk to reward for doing this is going lower and lower with very drop, at one point the music will stop and there will be far more people than chairs.

I don't know ... that was a lovely bounce just now - if I had been on it ! But I guess if Billy Big Bat had not appeared on the scene we could equally well have dropped 10 points instead. Yeah .. it's fucking risky at the moment ...
Problem with day trading it is that you can't actually go short, so in a downward trending market you are relying solely on catching the bounces and being nimble. Yeah you can sell out and look to buy again, but that's not really going short. And as someone posted recently, going to bed with a position is very risky right now. That really skews the odds against day trading IMO.
I am ahead, but not by much, and it's been a rollercoaster ... one that I am beginning to tire of ... takes up so much time

Exactly had not it been superman coming with his 4 big orders of 2500 btc each , the drop would have continued. Right now we are at a waiting phase, a price above 100 is no more a bargain for buyers (in those uncertain times), and sellers are hoping for a better price, considering the latest uptrend.

Only a big dump, one that usually happens, will restart this thriller..

[SlipperySlope]

Anyone see reptielia guy ? i think he might commit susicide after loosing so much money

Risto has changed his mind. He said that if prices drop he will buy more.

As matter of fact, I applaud his efforts as an experienced, professional  bitcoin broker/dealer to create infrastructure that will gain him even more clients. There is a crude cliche that applies, at least partially to his behavior - Fake it until you make it.

I expect Risto to make it.

[SAQ]

Does anyone think we might have hit the bottom at 79 and now time for another rally before we go down further?

[zemario]

The price has been above 90 for two hours.
Bear trap or are we past this dip?

I for one have no clue this time.

[Bjork]

bear market.  confidence shattered.  Been trending down since $140 I'd advice selling (at $100+) while you can.  It's safer to hold fiat for now.

[just1nmc]

Each rally over the past 3 days has ended with a dump to even lower prices. I think this will deter people from continuing to buy into them.

We could see over $100 today, but I don't think it will last long.. most of the bid depth is big walls at $90 and $80 that may not be real.

[batcoin]

http://www.huffingtonpost.com/2013/05/02/trump-soho-condo-selling-for-19m-in-bitcoin-only_n_3203609.html

Listed at: http://www.bitpremier.com/items/view/13

"money-substitute known as Bitcoin"

[phelix]

The resemblance of this chart is scary.

(from http://www.oftwominds.com/blogapr09/housing04-09.html  somebody posted it on this forum before but I can't find it right now)

Somebody is not sticking to the plan  

It was to go down hard today so that we could then move on with a very very very slow rise. Give me a sixtysomething at least.

[seleme]

Anyone see reptielia guy ? i think he might commit susicide after loosing so much money

Risto has changed his mind. He said that if prices drop he will buy more.

As matter of fact, I applaud his efforts as an experienced, professional  bitcoin broker/dealer to create infrastructure that will gain him even more clients. There is a crude cliche that applies, at least partially to his behavior - Fake it until you make it.

I expect Risto to make it.

Your buddy Risto is classic bullshitter and you have only legs outside of his back, I guess you're one of the last who gives a shit about his coins, ounces and his plans. Hope you have a good time there though, I want people to be happy  

Lolchik, what a douche  

[Geist]

http://www.huffingtonpost.com/2013/05/02/trump-soho-condo-selling-for-19m-in-bitcoin-only_n_3203609.html

Listed at: http://www.bitpremier.com/items/view/13

"money-substitute known as Bitcoin"

Nice place, but I'd rather live on the west coast(not that I have $1.9m in bitcoins, but someday perhaps).

[dexX7]

The next several hours will reveal whether the price movement stays in the channel.

Its a falling wedge!

[Richy_T]

[wachtwoord]

Nice place, but I'd rather live on the west coast(not that I have $19m in bitcoins, but someday perhaps).

It's 'only' $1.9M!

[Jaroslaw]

Ohh now hes playing with 0.04 funny guy

[Geist]

Nice place, but I'd rather live on the west coast(not that I have $19m in bitcoins, but someday perhaps).

It's 'only' $1.9M!

Yep, missed a period. Should have reread it before I posted.

[EuroTrash]

Spambots or manipulator bots?

[adamstgBit]

News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info.


what will happen to users that don't upgrade  

you are likely to be left behind and will be out of sync with the rest of the Bitcoin network.

what the F?

[wachtwoord]

News: All users of Bitcoin-Qt/bitcoind versions 0.7.2 and earlier are required to upgrade to 0.8.1 or apply a manual workaround by May 15. More info.


what will happen to users that don't upgrade  

Ah thanks for the reminder, I still have to apply the work-around (I'm not switching to 8.* just yet).

If you don't update or apply the work-around, your client will fork from the rest of the network.

[phoenix1]

Spambots or manipulator bots?

Seems to be a .01 attack under way with tiny offers on the upside at the 111 level .... thats the lag

[Nightowlace]

Btw, this is the last day when we see $95 EVER, you can quote me on that.  

And quoted.