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

[Rampion]

Well, the good old weekend dip is back. I almost forgot that 95% of my BTC were bought on "weekend dips"

Me too! Should have sold a couple hundred yesterday at $380, would have woken up VERY happy this morning.

I suspect though tomorrow will be crazy- with all the Fiat coming in people are going to be super excited to have a chance to buy in cheaper.

Meanwhile fiat on Bitstamp is growing every single minute, $6.5M now and counting. Just waiting for the bomb to go off.

Right. And weekend dips are a GOOD thing. The faster it goes up without a correction, the quicker the mania will become panic. In the short term price discovery cannot be = to sustained parabolic growth.

Making a long story short: the more dips and corrections we have on the way, the more likely we will go through $1,000 like a hot knife through butter and we won't ever be looking back

[1714731826]

1714731826

[w00dy]

Meanwhile fiat on Bitstamp is growing every single minute, $6.5M now and counting. Just waiting for the bomb to go off.

and you know what's on Stamp because of...what?

order book?

lol...

[Rampion]

Meanwhile fiat on Bitstamp is growing every single minute, $6.5M now and counting. Just waiting for the bomb to go off.

and you know what's on Stamp because of...what?

order book?

lol...

Fiat on stamp's order book is growing by the minute, that's a fact and while we all know that the total amount of fiat on an exchange is higher than the fiat on its order book, the latter is the only parameter we have to "guessestimate" the "fiat on Stamp" or the "fiat on any other exchange".

[gandhibt]

4 previous bottoms in stamp have been higher than the previous

[macsga]

It retreats. This is normal. Well "bitcoin-Normal", which is; well... not normal at all...

[notthematrix]

All the way back to Wednesday's prices?

Stall at ATH

[notthematrix]

It retreats. This is normal. Well "bitcoin-Normal", which is; well... not normal at all...

People know there will only be 21.000.000
so people don't realy  look at the now , they just buy.
and look long term , those who don't understand bitcoin will lose , but hey they will loose anyway

diffrence between normal and bitcoin , is btc is deflationary , and exact max of coins.

against unknown , exact max of gold silver or dollar.
the only sound thing to do is buy



  

[gandhibt]

I think we can go low for a day or two, there is still room to go down, we are a little overbought:



But anyway, this is Bitcoin and i found that the correction has been enought so my count is:



We almost touched the hourly MA support and bounced from it, we can test it again and bounce stronger from about $285, this will be a great opportunity to go long.

Toughts?

Check that graph again and tell me how many times that rsi has been correct?

[Its About Sharing]

It retreats. This is normal. Well "bitcoin-Normal", which is; well... not normal at all...

People know there will only be 21.000.000
so people don't realy  look at the now , they just buy.
and look long term , those who don't understand bitcoin will lose , but hey they will loose anyway

diffrence between normal and bitcoin , is btc is deflationary , and known max of coins.

against no known , max of gold silver or dollar.
 

It is interesting we talk about there being 21 million. But that is in 2140 (I believe). Most of us are not going to be around then and I doubt money exists then the way it does now anyway.

My point really, is that we have an extremely deflationary currency (as demand more than outstrips the new coins) to such a degree, that for all purposes, we can just call this a deflationary currency period (even though it is growing). And BTC will probably grow by leaps and bounds unless a big nation or two attack it. And looking at the condition of banking right now, they better think twice about that.

And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%). There is no going back. We are officially in Monopoly money territory. Are they so stupid? Evil? Or perhaps a combination of the two. It is just a matter of time now for the Dollar and Euro to have "Bail in" level problems. Which is interesting as the ECB was talking about a bail in of 10% for EU positive net worth people. Perfect timing ECB!

Take your last look at bankers still walking and breathing. (No threat made there, just a prediction). If they take 10% of the net worth from EU citizens, the Italians alone will hang them.  

[Its About Sharing]

I'm with PERA on this

This takes several days (healthy) and goes lower and firmly roots $200 as a number we NEVER see again
Don't think we will touch it, but I think we will get close

But WTF do I know, except that I am in the right room to make comments like this and in very good company 

I would love to see a base built and retracement made to pick up some more coins. (Would be very healthy going forward.)
Those of us who understand what BTC is, realize this is like selling Gold at $5 an ounce... You don't ask questions.

[samson]

And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%).

How can you lower something from 0.5 to 2.5 ?

[Taxidermista]

And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%).

How can you lower something from 0.5 to 2.5 ?

I think he really means "from 0.50% to 0.25%".

[notthematrix]

It retreats. This is normal. Well "bitcoin-Normal", which is; well... not normal at all...

People know there will only be 21.000.000
so people don't realy  look at the now , they just buy.
and look long term , those who don't understand bitcoin will lose , but hey they will loose anyway

diffrence between normal and bitcoin , is btc is deflationary , and known max of coins.

against no known , max of gold silver or dollar.
 

It is interesting we talk about there being 21 million. But that is in 2140 (I believe). Most of us are not going to be around then and I doubt money exists then the way it does now anyway.

My point really, is that we have an extremely deflationary currency (as demand more than outstrips the new coins) to such a degree, that for all purposes, we can just call this a deflationary currency period (even though it is growing). And BTC will probably grow by leaps and bounds unless a big nation or two attack it. And looking at the condition of banking right now, they better think twice about that.

And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%). There is no going back. We are officially in Monopoly money territory. Are they so stupid? Evil? Or perhaps a combination of the two. It is just a matter of time now for the Dollar and Euro to have "Bail in" level problems. Which is interesting as the ECB was talking about a bail in of 10% for EU positive net worth people. Perfect timing ECB!

Take your last look at bankers still walking and breathing. (No threat made there, just a prediction). If they take 10% of the net worth from EU citizens, the Italians alone will hang them. 

Well the # of bitcoins is also known now , as we speak it is http://blockchain.info/charts/total-bitcoins 11933125 for now , and I dont care about the price against a failing $

Bitcoin has a known rate 11933150 in 10 minutes 11933175 in 20 minutes etc.
this is not the case with $ this is unknown vs gold unknown and sliver unknown.
This is what people will learn ,  and hedge against a failing fiat system.
Iam very happy price lower means BUY

 

[Its About Sharing]

And the ECB a week ago, lowered rates to America's suicidal level of 2.5% (from .5%).

How can you lower something from 0.5 to 2.5 ?

Only with my fingers, LOL.

Yeah, .25% 

[spooderman]

it appears the party cannot last forever

[DougTanner]

Cool, BTCCharts has the price in USD now for China/Canada.

[rpietila]

The funniest prediction I remember was rpietila saying it would never go below $100 again.

Within less than 24 hours of this prediction the price hit around $90. I'm still not convinced it wasn't him who sold it down to this level.

Trust nobody !

Predicting is difficult. I am almost always wrong. But when I am right, I tend to play with higher stakes so it evens out.

[oakpacific]

After reading this thread I conclude that we have two kinds of speculators here: bulls, and ultrabulls.

[bitjoint]

After reading this thread I conclude that we have two kinds of speculators here: bulls, and ultrabulls.

And pedobears...

[rpietila]

So few coins in Gox that I am sure a 5000 BTC wallmaker could churn out some profit today...