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

[windjc]

No, you are getting on people's nerves because you have nothing interesting to say.

I'll guess this sums up the thread pretty much. Sorry to disturb you with facts and enjoy your day, Sir 

What facts? That's just the thing, you provide no facts. You are just trying to troll the price down because you want cheaper coins.

I have no reason to "pump" the price. If the price dropped to $400 tomorrow, I'd buy more too.

But this train is headed north and if you want an explanation as to why, read over my last 30 posts.

[1714632481]

1714632481

[Wekkel]

Yesterday, demand seemed weak and I mentioned it, also with stepping out of this market for the moment. I wake up and, voila, my hunch proved a good one. I still see some weakness in the prices. I mention it again on the board.

But talking about weakness gets on people's nerves. I get it. Talking about price going down is trolling, no matter what.

PS. I will get in at an appropriate moment too (whatever the price may be then).

[windjc]

Yesterday, demand seemed weak and I mentioned it, also with stepping out of this market for the moment. I wake up and, voila, my hunch proved a good one. I still see some weakness in the prices. I mention it again on the board.

But talking about weakness gets on people's nerves. I get it. Talking about price going down is trolling, no matter what.

PS. I will get in at an appropriate moment too (whatever the price may be then).

Of course buying is weak. Its the weekend. New money hits the exchanges on Monday morning. Everybody knows this. And most everyone expected the market to go down or sideways today, which it did. This was your "hunch?" This was 90% of people's hunches.

But tomorrow people will be anticipating the influx of new money coming Monday and Tuesday (well not you, you aren't anticipating it I guess) so there is better chance we go up tomorrow or at least sideways. And then Monday comes and the market goes up and everyone who is sitting on the sidelines (like you) are going to be chasing the market. And then more money comes in on Tuesday and Wednesday and Thursday (but less that day) and Friday. And guess what?  We are going to be a bit higher than we are today.

Let's see what your "hunch" says in 48 hours.

[Wekkel]

My hunch says: look for double bottom. To explain myself better, I am trading on BTC-E which looks a lot worse than Mt Gox.



I'd rather buy back in too soon than too late.

[windjc]

My hunch says: look for double bottom. To explain myself better, I am trading on BTC-E which looks a lot worse than Mt Gox.



I'd rather buy back in too soon than too late.

I think you are playing with fire on btc-e. As soon as their backlog of deposits hit, that market is going to fly up. Also there is a mad scramble in China to arbitrage that site, so there is definitely money headed that way. I do not think you will see that double bottom.

But you are in great shape by having fiat on btc-e.  You are going to get to ride a greater wave north of here than those on the other exchanges.

edit: you MIGHT see the double bottom at 630. But not the one at 400. Absolutely no way. There is so much fiat waiting to come onto that exchange.

[Vycid]

Dear bitcoin, can we please rspect the most important, sacred day of the week, college gameday, and not make tese moves while we are out hammered drank, thank you.

I love you. Best millionaire ever.

[macsga]

My hunch says: look for double bottom. To explain myself better, I am trading on BTC-E which looks a lot worse than Mt Gox.



I'd rather buy back in too soon than too late.

I think you are playing with fire on btc-e. As soon as their backlog of deposits hit, that market is going to fly up. Also there is a mad scramble in China to arbitrage that site, so there is definitely money headed that way. I do not think you will see that double bottom.

But you are in great shape by having fiat on btc-e.  You are going to get to ride a greater wave north of here than those on the other exchanges.

edit: you MIGHT see the double bottom at 630. But not the one at 400. Absolutely no way. There is so much fiat waiting to come onto that exchange.

I don't think it will fall lower than $750 $630 (I was talking about Gox) maybe you want to buy in near this bottom.

[Shak]

same procedure as every second weekend 

keep pushin it down, my fiat should arrive on monday. i like buying at lower levels

[macsga]

$660 on Stamp, let's see if I'm right...

[Wekkel]

Indeed, I am already slowly buying @BTC-E.

[macsga]

Indeed, I am already slowly buying @BTC-E.

Seems a nice W is forming now with Double Bottom at $650-660, expect this to go higher than previous high ($730 on Bitstamp).

[Pruden]

So, where is this magic $1,000?

Power is flowing away from Bitcoin.

2krpm is where the turbo kicks in on my car.

And you are aware that's a temperature gauge, not a fuel gauge on the left, right?

Which would mean you are kicking in the turbo without a proper oil temperature, which leads to failure. I'm not sure the increased bid sum this week is not due to money arriving late to the party, the next week might be more pessimistic as we see last monday's crashcorrection effect on new adopters.

[windjc]

So, where is this magic $1,000?

Power is flowing away from Bitcoin.

2krpm is where the turbo kicks in on my car.

And you are aware that's a temperature gauge, not a fuel gauge on the left, right?

Which would mean you are kicking in the turbo without a proper oil temperature, which leads to failure. I'm not sure the increased bid sum this week is not due to money arriving late to the party, the next week might be more pessimistic as we see last monday's crashcorrection effect on new adopters.

Really? Do you really think that? Because I saw zero articles and news reports about the bitcoin correction. But I saw dozens about the boom.

The only people that know it corrected are already trading it.

Everyone only knows it went from 200 to 800 in 2 weeks.

I expect a lot of money to bit the market this week.

After that we will see.

[octaft]

Really? Do you really think that? Because I saw zero articles and news reports about the bitcoin correction. But I saw dozens about the boom.

You must not have been looking hard enough. I did a simple google search for bitcoin crash to see how the media would interpret that whale cashout (crashout?), and I found numerous write-ups about it. The fact that the market handled it well despite all the negative press the next day could be a good sign, though.

[Davyd05]

CaVirtEx kills me.. no1 has a weak hand lol.. price stay at 792. for three hours..thought it should be a lil higher than the other exchanges today it decides to stay above them for the majority of the evening lol

[macsga]

After Tuesday I believe that $1000/BTC will be a thing of the past, leading to a bigger scale. BTW, with bitcoin you can never be 100% sure. Predictions are kind of vague. The best tactics I've followed so far is for a time interval of 15m slowly watch the small/big corrections and act accordingly... If you want to win in this one, you will have to find the time (and nerve) to do it...

PS:
It's also known that EVERYTHING you do in this life (no matter how well you have prepared it) is based 50% on luck...

[UnDerDoG81]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

[Shak]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

do you really believe that bitcoin goes down? why have you then invested in the first place?
two possibilities:
a) bitcoin becomes accepted as an underlying principle of money-transfer in a few years
b) bitcoin fails

i don't care what the usd-btc exchange rate does in the meantime. it's just the background noise in a sharp rise or in a crash to zero. i bought (and will continue to buy) because i believe in a)

[Davyd05]

Wow damn, trying not to panic sell. Bought 17.5 Coins at 766$ 2-3 days ago. I´m nervous to lose my 13.5k$

do you really believe that bitcoin goes down? why have you then invested in the first place?
two possibilities:
a) bitcoin becomes accepted as an underlying principle of money-transfer in a few years
b) bitcoin fails

i don't care what the usd-btc exchange rate does in the meantime. i bought (and will continue to buy) because i believe in a)

Don't panic sell, ever. I heard a horror story of someone buying at 850 selling at 450 then buying at 720 again.

[UnDerDoG81]

I believe in a. but dont want to miss the bottom to get more coins. But its a dangerouse game I know.

But it feels like Bitcoin has lost is power since yesterday.