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

[ChartBuddy]

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[Sitarow]

[gandhibt]

Right now feels like late March...

I've been feeling that way for the last three days. Tons of media hype. Skyrocketing prices. Large drops and rises. I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

I thought you were the guy who were shouting here at last correction that "crash! sell!"? But you maybe right still, you never know what's going to happen.

[Pruden]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

[Spaceman_Spiff]

Seems like a nice level to take a breather.  
$500 (gox) in the next 2 days !  

[ablewasiereisawelba]

Right now feels like late March...

I've been feeling that way for the last three days. Tons of media hype. Skyrocketing prices. Large drops and rises. I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

Uhhh, you should look at a graph. Late March was the quiet before a +150% storm (and then huge crash but whatever!).

[ardana123]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

+1

ergo we are nowhere near the top.

Just refueling.

ergo is a smart word only to be used by smart people
or people who think the big bang theory is a cool show

[Nightowlace]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

[Nightowlace]

And if we all truly "knew" that BTC was going to actually sore to this level you all would have kept the B you bought between $3-$30 and none of you would be here on the forum discussing this because you would have cashed out half of your B to fiat and would be globe trotting right now. All of us at some point (at least me and the people I know) had owned 100 B and at some point were not part of the "steady" hands.

[NamelessOne]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

[haightst]

Seems like a nice level to take a breather.  
$500 (gox) in the next 2 days !  

did you read the CB blog today?~looks like some nice developments underway..barriers to regular folks buying in falling= greater acceptace it looks like!   i'm going to actually try to buy some off there just for the hell of it!*sounds legit!>>jmho<<

[Nightowlace]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

Ok

I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April

[Pzeudonym]

At the moment it feels kinda bad, waiting for cheaper prices (post crash) to buy some coins.

I'm a little afraid the price will go straight to $x,000 and never come back, with me never having bought any Bitcoins.

[gizmoh]

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

You should not expect a similar repeat of last bubble, the trend reverse may be more subtle this time,whales suddenly starts red fireworks out of voodoo TA.

[San1ty]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

Ok

I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April

Lol, butthurt much? He just made a valid point and you immediately get all defensive.
You are blatantly wrong in your comparison, it might correct severely anyway but this isn't like April at all.

Now cheer up, silly bear!

[NamelessOne]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

Ok

I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April

WTF? I'm not a permabull and never have been on this board, but right now you are randomly stating that this market in the 400s was exactly the same as $266... and it isn't. You are right in that it could correct and crash sometime soon or later but 400+ hasn't acted like 266 whatsoever.

[NamelessOne]

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

You should not expect a similar repeat of last bubble, the trend reverse may be more subtle this time,whales suddenly starts red fireworks out of voodoo TA.

I'm not, I was just pointing out that 400+ has in no way behaved like 266 thus far.

[Syke]

At the moment it feels kinda bad, waiting for cheaper prices (post crash) to buy some coins.

I'm a little afraid the price will go straight to $x,000 and never come back, with me never having bought any Bitcoins.

Right, so don't go all-or-nothing. Buy some now, and if it does go down buy more. If it goes up, you'll be glad you at least have some.

[markjamrobin]

I feel like $445-450 is the new $266 an the bottom is about to fall out any second now.

If price has spent enough time at the same for people to call the top, it is not the top. The top comes unexpectedly, you don't have enough time to write "I feel like" before it is obvious.

We have yet to hit $450 and this is very much looking like March/April. You can deny it all you want but with almost 12 million bitcoin in existence those are no longer in "steady" hands. They are however in the hands of fiat minded average investors, get rich hopefuls, day traders who see an opportunity to take quick profits, and I am not sold on the "China sees the future and value" message that is being touted. I think many people see an opportunity to make a lot of fiat. In order to make fiat one must sell bitcoin. The more bitcoin in existence the more that will need to be purchased by the "steady hands" to maintain a price. That takes a lot of fiat. Also my concern is US regulations around virtual currency come out on the 18th of this month. I feel like this is a penny or pharmaceutical stock right now. Huge media hype, All this talk about 400 billion market cap, we are going to the moon, US adopts bitcoin etc etc. drive the price up and then sell it off right before the real bad news hits the market. Just like a penny stock or a pharm stock that says they doin the cure for cancer and the FDA doesn't approve it.

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

Ok

I'm sorry for speculating. I forgot right now this board is just for high fiving and reiterating the media hype. Now it definitely feels like March/April

Lol, butthurt much? He just made a valid point and you immediately get all defensive.
You are blatantly wrong in your comparison, it might correct severely anyway but this isn't like April at all.

Now cheer up, silly bear!

I think if CoinValidation gets any kind if support, which hopefully it won't, it would take Bitcoin value down by a few hundred.

[TERA]

My impression is that selling now isn't as dangerous as it was weeks ago. Were definitely crashing into the 300s at some point - the question is when and from how high.