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

[BarkinTree]

Why do people assume that this is going to be another march/April style 800% bubble? You are forgetting that back then the time in between the last ATH of $32 was an entire 2 years of consolidation. This time it was only 6 months. Were likely to see a 2012 style increase instead.

Uh, because it's already quite clearly proven itself not to be 2012 style. Look at a graph again.

youre not actually illustrating what you are saying. can you show us why it is not like 2012? you can't see price action in 2012 on that graph.

[BRADLEYPLOOF]

How long does it take to verify an ID on bitstamp?  1 day?  3 days?  Anyone?

[Adrian-x]

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.

If you bought and sold today I think it is the only day in history you would have lost money,

Bitcoin Is High risk, it is highly volatile, the only way to win is buy and hold, and never invest more than you are prepared to lose.

[Vycid]

Why do people assume that this is going to be another march/April style 800% bubble? You are forgetting that back then the time in between the last ATH of $32 was an entire 2 years of consolidation. This time it was only 6 months. Were likely to see a 2012 style increase instead.

Uh, because it's already quite clearly proven itself not to be 2012 style. Look at a graph again.

youre not actually illustrating what you are saying. can you show us why it is not like 2012? you can't see price action in 2012 on that graph.

You should know I slaved away in Paint to bring you this.

[barbs]

big time selling pressure on stamp..

[seleme]

How long does it take to verify an ID on bitstamp?  1 day?  3 days?  Anyone?

day or two in my case

[BRADLEYPLOOF]

How long does it take to verify an ID on bitstamp?  1 day?  3 days?  Anyone?

day or two in my case

AH!!! A whole day or two!!!  I think I can deal with that, considering Coinbase took about 3 days to verify my bank account, 5 days for payments to go through (before this whole instant 10 BTC thing), and all that jazz, so a couple days is no thing...But I don't think any of my banks around here have any kind of SWIFT or BIC numbers, and I don't think I can use my routing number there...but in reality, I just want to put some mined BTC in there (from my whopping big 3gh/s miner making dust), sell high, and buy low, and when I want, send my BTC to an address at Coinbase to cash out on...Coinbase also is paying more for buys/sells anyways, so I'm sure I can make a few dollars like that too...

[DougTanner]

Stamp crashing a bit.

[Coinseeker]

Overall sentiment is changing in a bearish direction, very quickly all over this forum.  From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc.  The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits.  In times like these, in USD I trust.  

[BitChick]

Overall sentiment is changing in a bearish direction, very quickly all over this forum.  From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc.  The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits.  In times like these, in USD I trust.  

But what are the Chinese saying?  If they just keep buying I have a feeling that the whales can dump but there are enough people that want some coins that they will just get eaten up.  Sure the price can be affected a little but to the point most people are expecting or hoping it will?  That I am not so confident about.

[rampantparanoia]

Overall sentiment is changing in a bearish direction, very quickly all over this forum.  From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc.  The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits.  In times like these, in USD I trust.  

do you think China gives a sh!t about what the USG is going to force businesses within the US to do?

No.

In time, there will be two BTC markets. The "Legal" market, which is the US-based market, and then the "Red" market... which is the Asia based market.

[ardana123]

Is he constipated?

[Pruden]

Overall sentiment is changing in a bearish direction, very quickly all over this forum.  From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc.  The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits.  In times like these, in USD I trust.  

do you think China gives a sh!t about what the USG is going to force businesses within the US to do?

No.

In time, there will be two BTC markets. The "Legal" market, which is the US-based market, and then the "Red" market... which is the Asia based market.

We just had an upward leg not unlike the 200->350, a correction is due and the weekend coming helps a lot, especially with what happened during the last one. Sub 390 at Bitstamp in a couple hours.

[Odrec]

Overall sentiment is changing in a bearish direction, very quickly all over this forum.  From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc.  The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits.  In times like these, in USD I trust.  

You're forgetting about the chinese. Once they wake up this thing will go up again because they don't really care about any of that.

[Coinseeker]

It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff.  They have more weak hands than anybody at the moment, because they represent the most new money.  Should the bearish signals prove to be true of course.

[haightst]

Overall sentiment is changing in a bearish direction, very quickly all over this forum.  From people expecting a crash from rising too fast, to Mike Hearns, Coin Validation, etc.  The writing is on the wall. All it takes is for a whale or two to want to be first to take some profits.  In times like these, in USD I trust.  

do you think China gives a sh!t about what the USG is going to force businesses within the US to do?

No.

In time, there will be two BTC markets. The "Legal" market, which is the US-based market, and then the "Red" market... which is the Asia based market.

*fyi*~there is a "red road" market in The States too bud!  
>>  $looks to me like we are just having another 420 "reload" smoke break!~jmho~

[Coinseeker]

It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff.  They have more weak hands than anybody at the moment, because they represent the most new money.  Should the bearish signals prove to be true of course.

They might have weak hands but they cant dump piles and piles as no one there has 10000 coins to drop.

That may be, but I don't see how that will prevent Stamp and Gox from dumping and in turn them following suit. 

[gizmoh]

It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff.  They have more weak hands than anybody at the moment, because they represent the most new money.  Should the bearish signals prove to be true of course.

Right, chinese are a big X factor, most newcomers are weak hands and many chinese are new to the game.We don't know how much money is being injected, how much volume is real and not traded over and over with 0 fees. Another worst case scenario, Chinese authorities can blacklist btcchina website at a whim and panic will ensue.

[Nightowlace]

It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff.  They have more weak hands than anybody at the moment, because they represent the most new money.  Should the bearish signals prove to be true of course.

They might have weak hands but they cant dump piles and piles as no one there has 10000 coins to drop.

You're wrong. When/if "they" start selling it will be all at once. You take thousands of "them" with 20-50 coins each that Raquel's a heft dump. Combine that with the rest of the world who would love to force weak hands to give up cheap coins and we will see a huge dip.

[rampantparanoia]

It is the speculation thread, but I suspect China will follow Stamp and Gox in a massive selloff.  They have more weak hands than anybody at the moment, because they represent the most new money.  Should the bearish signals prove to be true of course.

Right, chinese are a big X factor, most newcomers are weak hands and many chinese are new to the game.We don't know how much money is being injected, how much volume is real and not traded over and over with 0 fees. Another worst case scenario, Chinese authorities can blacklist btcchina website at a whim and panic will ensue.

The great firewall isn't that great. Easily bypassed with the right tools. And the folks that are investing heavily in BTC from China likely know those tools and their way around TGF.

I've personally gone around TGF on many occasions.