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

[mmitech]

we are back to yesterdays price .....  when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price.


I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works.


  

[1715113658]

1715113658

[MicroFi]

we are back to yesterdays price .....  when I look to the progress that we are making in daily basis it seems really huge, but a day feels long, so when the price drops a bit it feels like if it is dropping from today's price to a month ago price.


I also did notice that when I forget about the price for some time (few days) then check again it seems to me like a huge rise, but if you check every minute each move makes you nervous but we forget that this is how normal trading works.

The situation can easily be turned around.

MtGox:
946BTC needed to go above 1 USD/mBTC
1414BTC needed to go under 0.9 USD/mBTC

[Voodah]

Bingo. In any case, it will bring a smile to my face when the would be manipulators get burned by underestimating this market.

Well, if the manipulator really is the Exchange Stabilization Fund as stan suggests, that will never happen.

"As of October 2009, the fund held assets worth $105 billion, including $58.1 billion in special drawing rights (SDR) from the International Monetary Fund.[1]"

Bitcoin's 10 billion market cap has no way of "burning" a 105 billion fund.

They might lose a few dollars.. but meh..  who cares? they print them...

[aazssx]

Gox under 920. See you downstairs.

[gandhibt]

bot at 810 stamp and then back to 850 to see if that holds as resistance

[Nemo1024]

What the hell happened?!
I walk out for a couple of hours, and - this?!
Well, luckily, I sold at a loss at 940 and placed an optimistic buy at 902. Then I walked out. A few minutes later 902 got hit!
I have now 1 BTC more than what I started the day with.
On the down side, it seems to continue down, and I wonder if I should sell again and re-buy even lower...

[libity]

Gox's wall at 900 got obliterated in seconds. Some hardcore selling going on.

[MAbtc]

WEEEEEEEEEE

[aazssx]

classic bulltrap

[herzmeister]

To the doom!!! ╦═((+_+))┑

[UnDerDoG81]

What morons these manipulators. These greedy people who never get enough...

[nanobrain]

I'm getting more and more concerned that no-one here seems to want to explore or even counter the 'negative' arguments around bitcoin or crypto...I don't mind reading erudite or informed denunciations of such arguments but everyone seems awful keen to dismiss any naysayers as idiots/fools without actually making a cogent defence.

Did you have a specific concern you want addressed?   Most of us here can see right away that there is not one piece of intelligent thought put into an article like that, so dismiss it.   If there is something you have a question about, ask!   We are then more than happy to share wisdom  

I'm having a similar but more specific exchange with Marcus_of_Augustus o this thread
https://bitcointalk.org/index.php?topic=365730.new#new

My concerns are that forum members tend to dismiss negative arguments rather than take the time to counter them.  I've spent a bit of time in real world convincing friends that BTC has a future but I imagine if they came here and saw the responses from members they wouldn't be that convinced.  

Every negative article tends to generate a series of ad hom attacks: now, if you were a newcomer/visitor and you saw a respected economist/author (whatever) put their argument and the counter was "he's an idiot' from an anonymous forum member, who would you tend to believe?

There are a lot of intelligent people here but BTC's future tends to be more of an article of faith these days than solid, developing postulations.

If you've been around here you for a while you would see that people have been intelligently postulating since the beginning.
Pretty much at this stage I think the general consensus is that those arguments have been countered to death and there's no point repeating over and over.

That is Marcus's stance too and I think it is a worrying development for the following reasons:

1. Theoretical arguments exist only in contemporary environments - BTC exists within a social, economic, technological and geo-political world different to that of 12 months, two years, three years ago.  Not revisiting and reviewing arguments in any other field would be considered lazy and arrogant - why is BTC different?

2. This is a public forum and the casual visitor should be seeing cogent arguments rather than blase dismissals.  I've been visiting since late 2011 and the forum content has, with broader adoption, moved tone to one that shares many of the tendencies similar to those of a cult: unreasoned faith, multiplication of adherence, attacks on critics.

3. General apathy ("we can't be bothered disputing this") is often the beginning of the end of the exploration of ideas, especially risk assessment...it smacks of arrogance and usually doesn't end well.

Just saying :/

[Vycid]

3. General apathy ("we can't be bothered disputing this") is often the beginning of the end of the exploration of ideas, especially risk assessment...it smacks of arrogance and usually doesn't end well.

It smacks of arrogance that you think we should endlessly repeat ourselves instead of inconveniencing you by pointing you to the search function.

[Joenaes]

Thanks to whoever for the cheap coins <3

[ardana123]

Thanks to whoever for the cheap coins <3

 

♥

[seleme]

eh, did that 900$ ask wall being eaten?

[UnDerDoG81]

So a short sideway trend, maybe a sign to sell... Or to hold...  

[granathus]

I went from all fiat to all BTC during this drop, so I hereby give permission to choo choo.

[seleme]

Fuck off btc transactions... 10 minutes and it's not even in blockchain at all.

[mmitech]

it really pisses me off the dump scheme some manipulators are following, the only victims here are the newcomers which we call the weak hands, being not used yet to the bitcoin's volatility,  they can lose allot in aa minute because of fear which will automatically discourage further investing and strength the troll about bitcoin value.


if I had 20,000 BTC and even if I wanted to go all FIAT I would do it in a way that it wouldn't effect the price even if took me 1 month to cash out, but these people in purpose dump few thousands of Bitcoin so they get to buy a sum at a lower price and cash a sum to FIAT.....