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

[freethink2013]

weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.

I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain

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[CoinDox]

Looks like we bounced, for now.

Yes, lucky that. Someone sold about 8000 BTC down to $344 then bought the price right back up to $368 by purchasing a few hundred off the market.

I wonder if they're now waiting for suckers to place bids before dumping again.

Where do you see the coins coming from the same source if you do not mind me asking?

[samson]

weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.

I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain

The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain.

LOL, WTF  

Is that you rpietila ?

[bitwhizz]

weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.

I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain

The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain.

LOL, WTF  

Is that you rpietila ?

LOL I was thinking the same!

[samson]

Looks like we bounced, for now.

Yes, lucky that. Someone sold about 8000 BTC down to $344 then bought the price right back up to $368 by purchasing a few hundred off the market.

I wonder if they're now waiting for suckers to place bids before dumping again.

Where do you see the coins coming from the same source if you do not mind me asking?

I'm using rtbtc.com you can see the sells and buys as they happen.

[Coinseeker]

I'm using rtbtc.com you can see the sells and buys as they happen.

+1 for rtbtc.com

[BlueTemplar]

Boy, those Chinese sure like a wild ride!

[freethink2013]

weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.

I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain

The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain.

LOL, WTF  

Is that you rpietila ?

If we crash all the way down to our previous ath of 266 I'll still consider anything under 300 a bargain. I said post april crash that anything under 200 was a bargain. But you're the expert. Lap it it.

Shall we have a bet? gox to go below 300 tomorrow? I don't think it will

[bitwhizz]

i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin

[samson]

Looks like we bounced, for now.

Yes, lucky that. Someone sold about 8000 BTC down to $344 then bought the price right back up to $368 by purchasing a few hundred off the market.

I wonder if they're now waiting for suckers to place bids before dumping again.

Where do you see the coins coming from the same source if you do not mind me asking?

I'm using rtbtc.com you can see the sells and buys as they happen.

How does when and how much tell you who?

It doesn't tell me who but I don't need to know who exactly to see what's going on.

People sell some and wait for bids to fill in - it looks like a correction after all. Could be one person could be 5 or 6 people, the method is the same.

[notthematrix]

http://bitcoincharts.com/charts/btcnCNY#rg2ztgSzm1g10zm2g25zv

btc  immediate restore after dump..... BTCcina. now back at 2380...
some

[freethink2013]

i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin

fantastic, you bought bitcoin years ago for fuck all, fantastic story bro but i'm talking about the real price today. any of your bitcoin you want to sell to me for between 1-100 dollars then pm otherwise stfu

[freethink2013]

seriously guys i like a laugh as much as the next guy but if you are starting to take the piss i'm going to have to take down the matrix completely. i'll put it back up when you've proven you are mature enough to play with it

[samson]

i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin

An absolute bottom of $100-$150 this time around after the $50 absolute bottom in April is very good growth and considering we left the old ATH way behind it can only be good for the long term.

Remember pure undiluted greed is driving these market movements. Nothing is done without the single goal to maximise profit. A sudden increase like this happens for a reason - somebody with a lot of USD decided to pump the price. When his targets are reached he will liquidate and wait to do it again and again.

None of these large movements are a community driven effort - it's a sustained pump designed to inflate the price to new highs and it's working. It will get media attention and inspire people to check out Bitcoin. But cold hard cash is the motivating factor here.

[bitwhizz]

i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin

An absolute bottom of $100-$150 this time around after the $50 absolute bottom in April is very good growth and considering we left the old ATH way behind it can only be good for the long term.

Remember pure undiluted greed is driving these market movements. Nothing is done without the single goal to maximise profit. A sudden increase like this happens for a reason - somebody with a lot of USD decided to pump the price. When his targets are reached he will liquidate and wait to do it again and again.

None of these large movements are a community driven effort - it's a sustained pump designed to inflate the price to new highs and it's working. It will get media attention and inspire people to check out Bitcoin. But cold hard cash is the motivating factor here.

+1

[theonewhowaskazu]

weekends are for selling. although it doesn't happen every weekend if btc is high on a friday then a lot of people will sell over the weekend and the price will fall. That's natural.

I think there's a small chance of hitting under 300 at one of the exchanges tomorrow but it won't last long as bitcoin under 300 is a bargain

The price has been above $300 for only 3 days, ever. The last three days and you consider it a bargain.

LOL, WTF  

Is that you rpietila ?

If we crash all the way down to our previous ath of 266 I'll still consider anything under 300 a bargain. I said post april crash that anything under 200 was a bargain. But you're the expert. Lap it it.

Shall we have a bet? gox to go below 300 tomorrow? I don't think it will

I'll 1-up this. If a single Bitcoin trade on gox even touches its previous all time high $266, any time this entire week, I'll double your bet.

[pera]

new trend? this looks pretty bearish to me... so far so good:

[derpinheimer]

i would say 1-100 dollar bitcoin is a bargain, not 300 dollar bitcoin

An absolute bottom of $100-$150 this time around after the $50 absolute bottom in April is very good growth and considering we left the old ATH way behind it can only be good for the long term.

Remember pure undiluted greed is driving these market movements. Nothing is done without the single goal to maximise profit. A sudden increase like this happens for a reason - somebody with a lot of USD decided to pump the price. When his targets are reached he will liquidate and wait to do it again and again.

None of these large movements are a community driven effort - it's a sustained pump designed to inflate the price to new highs and it's working. It will get media attention and inspire people to check out Bitcoin. But cold hard cash is the motivating factor here.

Or... it could be the trust? And a bunch of newcomers, which is clear from the forums, google trends, and also China?



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I sure as hell hope it doesnt crash now, needs to go up over $400 before a crash can spike down hard enough for nice profits.

[San1ty]

new trend? this looks pretty bearish to me... so far so good:

Lol! did you see the tails on those significant red candles? It might go down (noone knows) but this is far from a trend reversal.

[freethink2013]

so it's basically just samson and bitwhizz trying to harangue me

personally I've nothing against gay marriage at all and I hope they are very happy. All I'm saying is that selling their bitcoin for "1$-$100" is stupid when they can earn over 300 dollars if they act like real men and have some balls and not be little forum bitches. Oh but that would be going against their nature.