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

[Pruden]

Yep, not loose yet, the 5000 yuan wall is barely touched. The volume on the way up here has been encouraging, tough.

[micalith]

I'm just so happy I didn't listen you guys yesterday

not easy to choose whom to listen to and in which circumstances! Better to hesitate when holding if not sure. Well done  

[MahaRamana]

I am not re-buying. still in the trap zone.

Even 900 could be the "trap" zone and form a double top.

So you will wait 950 to go back in and miss on an extra 250 USD ?

The time back in was 100 dollars ago, and now

[Miz4r]

I wonder what happened to that dude who sold 10k bitcoins at 5xx on Gox yesterday? Did he buy back yet?

[San1ty]

I am not re-buying. still in the trap zone.

Even 900 could be the "trap" zone and form a double top.

So you will wait 950 to go back in and miss on an extra 250 USD ?

The time back in was 100 dollars ago, and now

Nah Not now, 100 Dollars ago was an obvious moment to buy in. Now I'd just be lurking if I wasn't in yet.

[Nightowlace]

I'm all in again. I just agreed to purchase a roll of Casascius Coins from my friend as soon as they arrive. Grabbed a few electronic ones as well. So Bulls please feel free to go crazy!

[tarmi]

I am not re-buying. still in the trap zone.

Even 900 could be the "trap" zone and form a double top.

So you will wait 950 to go back in and miss on an extra 250 USD ?

The time back in was 100 dollars ago, and now

no.

if we go past 722 I will rebuy.

[Rampion]

I'm all in again. I just agreed to purchase a roll of Casascius Coins from my friend as soon as they arrive. Grabbed a few electronic ones as well. So Bulls please feel free to go crazy!

All in again? What about your ramblings about the bubble popping, bad publicity for Bitcoin and BLAH BLAH BLAH.

You are weak if you thought this was a bubble pop at $550 and now you bought back at a los at $695. Bubble pop or correction is not confirmed yet, I don't see why you changed your "analysis" in such a way in just 24h. Maybe you are just being overemotional?

[miningnew]

I'm all in again. I just agreed to purchase a roll of Casascius Coins from my friend as soon as they arrive. Grabbed a few electronic ones as well. So Bulls please feel free to go crazy!

All in again? What about your ramblings about the bubble popping, bad publicity for Bitcoin and BLAH BLAH BLAH.

You are weak if you thought this was a bubble pop at $550 and now you bought back at a los at $695. Bubble pop or correction is not confirmed yet, I don't see why you changed your "analysis" in such a way in just 24h. Maybe you are just being overemotional?

same for me

[San1ty]

This will probably bounce violently in the 700 range. Fun for everyone involved! Just make a quick 1 BTC in my break time.

[Mirsad]

Miss dollars?
I thought you are in for BTC?

But it seems most are in for profit in "dirty" fiat in the long run.

You can allways buy back? It doesn't really matte if you get in @ 700 or 900 when the price goes to 2000$ -> but don't forget to SELL! or you didn't make any profit at all and  you have no chance to increase your BTC holdings.

[JimboToronto]

Bubble pop or correction is not confirmed yet

+1

[Searing]

This will probably bounce violently in the 700 range. Fun for everyone involved! Just make a quick 1 BTC in my break time.

Jeez it is like California *Whale Watching* on this thread...I'll just keep my 1 month of making 21 btc and stand in the corner over here less I get crushed by all the "Waltzing Whales"....should make a reality show "Real Bitcoiner's from Santa Claria" The drama the crying the gasping in dismay/joy....(crap actually that is just weird enough to work would be like "nerd porn*

[nesevis]

I'm just so happy I didn't listen you guys yesterday

"Don't sell the bear skin before killing it"

True, true. But according to some (probably trolling) theorists we should be in the 2 digit to 300$ range by now.

I'm just so happy I didn't listen you guys yesterday

not easy to choose whom to listen to and in which circumstances! Better to hesitate when holding if not sure. Well done  

Yep, still a bit new to this, but I've figured I'll hold to the moon and beyond :-)

[Searing]

I'm just so happy I didn't listen you guys yesterday

"Don't sell the bear skin before killing it"

True, true. But according to some (probably trolling) theorists we should be in the 2 digit to 300$ range by now.

I'm just so happy I didn't listen you guys yesterday

not easy to choose whom to listen to and in which circumstances! Better to hesitate when holding if not sure. Well done  

Yep, still a bit new to this, but I've figured I'll hold to the moon and beyond :-)

Yeah me too...if it is a "speculative bubble" and whoever is last holding the bag...the odds are still good with like 3 billion soon to be middle class Chinese ...looking for investment..plenty of time to use evil genus plan and run away to evil paid for btc lair.....ah ha...(twirls evil genius mustache) ...delusion the only way to go thru life!

[seleme]

Miss dollars?
I thought you are in for BTC?

But it seems most are in for profit in "dirty" fiat in the long run.

You can allways buy back? It doesn't really matte if you get in @ 700 or 900 when the price goes to 2000$ -> but don't forget to SELL! or you didn't make any profit at all and  you have no chance to increase your BTC holdings.

Mirso, stop pretending you know a shit about trading as if someone was listening to you in last week or so, he would be lost like Alice in Wonderland.

[Nightowlace]

So I've been a mega bear lately, but I stopped myself to do some reasonable thinking.
1. Every time we have a huge run up in price and then a major correction we still land high above where we started.
2. We may be gettin toyed with by the whales shaking weak hands but in the long run they are accumulating more coins. They are not doing this to sell them low later.
3. With all of the VC and big multi millionaire supporters of bitcoins who have millions of dollars invested in Bitcoin and related startups I am sure they are not going to allow their investments to dwindle at the hands of day traders. I'm sure they will help stabilize the price if need be (from a seriously detrimental crash) and protect their assets.
4. I was under the assumption that we needed mass adoption for BTC to really take off and that these huge price swings scared the general public. I was wrong. All when need is savy investors and funds to buy into BTC (which is what's happening) and a few major sites to tell people they accept BTC and the general public will just follow suit like they do with everything. In the end the general public will be invested in BTC and may not even realize via retirement funds etc.
5. I have always believed that global corporations will see the technology of BTC and begin using it as a method of transferring their funds globally avoiding hefty fees, taxation etc. if I truly believe this (and I do) that alone will send the price sky rocketing.

So in the end. As the song goes I will http://youtu.be/NG1qooBzE2w

[gandhibt]

So I've been a mega bear lately, but I stopped myself to do some reasonable thinking.
1. Every time we have a huge run up in price and then a major correction we still land high above where we started.
2. We may be gettin toyed with by the whales shaking weak hands but in the long run they are accumulating more coins. They are not doing this to sell them low later.
3. With all of the VC and big multi millionaire supporters of bitcoins who have millions of dollars invested in Bitcoin and related startups I am sure they are not going to allow their investments to dwindle at the hands of day traders. I'm sure they will help stabilize the price if need be (from a seriously detrimental crash) and protect their assets.
4. I was under the assumption that we needed mass adoption for BTC to really take off and that these huge price swings scared the general public. I was wrong. All when need is savy investors and funds to buy into BTC (which is what's happening) and a few major sites to tell people they accept BTC and the general public will just follow suit like they do with everything. In the end the general public will be invested in BTC and may not even realize via retirement funds etc.
5. I have always believed that global corporations will see the technology of BTC and begin using it as a method of transferring their funds globally avoiding hefty fees, taxation etc. if I truly believe this (and I do) that alone will send the price sky rocketing.

So in the end. As the song goes I will http://youtu.be/NG1qooBzE2w

It's possible that the price go little bit down before going up again, don't panic then.

It's important in trading to make rational plan and then when you are all emotional and watch the price to go up and down, it's a lot easier to react when you have plan to follow.

[NamelessOne]

So I've been a mega bear lately, but I stopped myself to do some reasonable thinking.
1. Every time we have a huge run up in price and then a major correction we still land high above where we started.
2. We may be gettin toyed with by the whales shaking weak hands but in the long run they are accumulating more coins. They are not doing this to sell them low later.
3. With all of the VC and big multi millionaire supporters of bitcoins who have millions of dollars invested in Bitcoin and related startups I am sure they are not going to allow their investments to dwindle at the hands of day traders. I'm sure they will help stabilize the price if need be (from a seriously detrimental crash) and protect their assets.
4. I was under the assumption that we needed mass adoption for BTC to really take off and that these huge price swings scared the general public. I was wrong. All when need is savy investors and funds to buy into BTC (which is what's happening) and a few major sites to tell people they accept BTC and the general public will just follow suit like they do with everything. In the end the general public will be invested in BTC and may not even realize via retirement funds etc.
5. I have always believed that global corporations will see the technology of BTC and begin using it as a method of transferring their funds globally avoiding hefty fees, taxation etc. if I truly believe this (and I do) that alone will send the price sky rocketing.

So in the end. As the song goes I will http://youtu.be/NG1qooBzE2w

All excellent points that I'd say even most bears on here generally hold, and bulls certainly do. There really is so much potential it is incredible, and with the USA senate hearings coming off overall quite positive the future is looking better than ever.  

[adamstgBit]

Bubble pop or correction is not confirmed yet

+1

oh come on it was a pop, what news is going to out do the hearing?

just  sell...