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

[Ashitank]

http://lamborghininewportbeach.blogspot.ro/2013/12/we-just-sold-our-very-first-vehicle.html#comment-form  accepting bitcoin as payment system.

Does this mean any thing.

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[CryptStorm]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

800 is now resistance. See the rest of my updated ramblings starting here.

Noted, commented upon, and much appreciated. 

[Richy_T]

Bought back... doubled my btc tonight

Wondering how many people are just waiting to hit the buy! The jump will be huge.

Last time I buy and hold. Worst strategy ever.

how long did you hold?

Since $200. It just makes me sad knowing I could've doubled my BTC today.

Then the worst strategy is when you try and trade, get it wrong and end up with less than what you started with. It's a mistake to look at the past and think you could have predicted it unless you have proven that you can do so.

[CryptStorm]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

Its amazing to see how walls pop up in a 'manipulative harmony' to try and get support. And pulled when they start to get eaten( like the wall at 780.1 being pulled back from 810)

It is so amazing that there are actually buttons called "Limit Order". Walls come in the desired places just by clicking them. I've been so excited after finding this feature... 

I need to go back to sleep after closing out my positions, can you please finish the move so I can see the dominos... well, you know...

[humanitee]

The only way you gain bitcoins is to sell.

Sheer nonsense.

If you hold your Bitcoins you cannot gain any - at least with the current increase from the coins you have. Because you always end up with the same amount that you bought. That is common sense.

Or you could buy them? That is pretty common sense too.

[CryptStorm]

Bought back... doubled my btc tonight

Wondering how many people are just waiting to hit the buy! The jump will be huge.

Last time I buy and hold. Worst strategy ever.

how long did you hold?

Since $200. It just makes me sad knowing I could've doubled my BTC today.

Then the worst strategy is when you try and trade, get it wrong and end up with less than what you started with. It's a mistake to look at the past and think you could have predicted it unless you have proven that you can do so.

I agree, Richy. However, I think it's a lot easier on bigger charts. If we all traded slower, many of us might have bought this summer at around 70 or 80 or 90 or 100 (trying to catch the bottom) and sold anytime in the last 72 hours and come out like champs. Even here at 800, that's ~1000% for 6 months.

[CryptStorm]

The only way you gain bitcoins is to sell.

Sheer nonsense.

If you hold your Bitcoins you cannot gain any - at least with the current increase from the coins you have. Because you always end up with the same amount that you bought. That is common sense.

Or you could buy them? That is pretty common sense too.

Exactly. In fact, I'd venture a statement that the only way to gain Bitcoins is to mine them or buy them, but I'm being a bit literal. 

[bitleif]

It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.

Um, that's called a MARKET. Whenever you buy or sell you are manipulating the price. It's already decentralized in that there are multiple exchanges. I don't see how you think making a P2P exchange would change anything.

If you don't like the game of trading in a market, then don't.

[ChartBuddy]

[CryptStorm]

It is manipulation of the price... that is called manipulation. If one or a few people can cause the price of Bitcoin to rise and fall by 50%-100% in a day, that is manipulation. There isn't enough volume on the exchanges to over-ride their influence. Because everyone looks to those exchanges for the price, they generally determine the price. We need another decentralized means for price discovery with Bitcoin, maybe that will occur organically as its adoption grows.

Um, that's called a MARKET. Whenever you buy or sell you are manipulating the price. It's already decentralized in that there are multiple exchanges. I don't see how you think making a P2P exchange would change anything.

If you don't like the game of trading in a market, then don't.

Right, it IS price discovery, but it is also huge volatility and growth along an S-curve. Adoption and time will smooth it all out, but then there won't be the opportunity reward.

PS Most markets are manipulated.

[tarmi]

http://lamborghininewportbeach.blogspot.ro/2013/12/we-just-sold-our-very-first-vehicle.html#comment-form  accepting bitcoin as payment system.

Does this mean any thing.

Means nothing to me as they wont take my btc or email me back...

I guess they have learnt fast from this crash.

[Krabby]

Sensing a drop and BTC-E goes down. Good.

[Nemo1024]

Bought back... doubled my btc tonight

Wondering how many people are just waiting to hit the buy! The jump will be huge.

Last time I buy and hold. Worst strategy ever.

how long did you hold?

Since $200. It just makes me sad knowing I could've doubled my BTC today.

Then the worst strategy is when you try and trade, get it wrong and end up with less than what you started with. It's a mistake to look at the past and think you could have predicted it unless you have proven that you can do so.

This. Half of my trades were losing (in that I either performed a trade and ended up worse off, or I didn't perform a trade, which I should have, like today @650), but it's only in hindsight I could see that.

[Richy_T]

Thats sad how easy they manipulate the Bitcoin price. This could be the begining of the end of BTC.

It sure is a bad thing for the BTC-economy

After the April crash this forum was filled with exactly these kind of comments.

End of Bitcoin predicted, news at 11.

[Krabby]

The ride never ends.

[tarmi]

fasten your Tesla seat belts.

[maz]

False support at 800 will drop once order book fills above it, and bag holders get lunch money suckerpunched?

edit: I mean, that's how I'd do it.

800 is now resistance. See the rest of my updated ramblings starting here.

Risto we need to work on your timing man. Getting sloppy these days

[Richy_T]

If you hold your Bitcoins you cannot gain any - at least with the current increase from the coins you have. Because you always end up with the same amount that you bought. That is common sense.

Trade (goods/services), tips, purchase. All ways I have increased my Bitcoin holdings.

The bitcoins I have were purchased for the long term. I will not trade with them. If I wanted to trade, I would either purchase more bitcoins to trade with or make a plan to partition some of my long term bitcoins into a trading account (the former would be more likely). I have more interesting things to do than day trade, however.

The most important thing I can recommend to anyone is to make a plan and stick with it whether that be long-term or trading. The subtext of your statements are that you are encouraging people to panic sell. I don't think that postings in this forum particularly affect the price but that doesn't mean that people won't try.

FWIW, I did partition a few of my bitcoins off back when they were around 110. I ended up down 0.1BTC and nearly lost them all when the exchange imploded. I refuse to feel bad for buy-and-holding

[Coinseeker]

I'm not fully convinced the correction is over, but Bitcoin is here to stay.  I've learned that much and after some of the ignorance I see posted around the web in the various comments sections of negative Bitcoin articles it actually makes me respect you crazy people here, even more.  Most people just have no clue how the money in their pocket and the system they live under is robbing them.  And they celebrate it.  It's saddening because they "rah rah" for a system designed to steal from them.  It angers me that this system still stands and these greedy bastards are still getting away with such corruption.  

I know, off topic rant.  Just wanted to say...keep fighting the good fight.  The people need us, even though most don't yet know it.

[btcmaze]

Bitcoin price expected to go down till 480$ and then go up to an all time high

I predicted that before. page 2803. No one believed me.

Amount was a bit higher. Anyway it doesn't matter. Mr. Green is never wrong

He now predicts it to go above 1200$ in a week