Bitcoin Forum
March 31, 2020, 03:22:25 PM *
News: Latest Bitcoin Core release: 0.19.0.1 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: What causes you more fear? (credit:Micg)
Coronavirus - 92 (54.4%)
Bitcoin - 77 (45.6%)
Total Voters: 169

Pages: « 1 ... 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 [356] 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 ... 26488 »
  Print  
Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21579836 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (143 posts by 33 users deleted.)
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
May 11, 2013, 10:29:44 AM
 #7101

Around $115, I believe its a good entry point considering the coming hype of bitcoin conference next week.


The London conference seems to have created a slight updraft last year. The conference itself did not deliver. Buy the rumor, sell the news?
1585668145
Hero Member
*
Offline Offline

Posts: 1585668145

View Profile Personal Message (Offline)

Ignore
1585668145
Reply with quote  #2

1585668145
Report to moderator
Best ratesfor crypto
EXCHANGE
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1585668145
Hero Member
*
Offline Offline

Posts: 1585668145

View Profile Personal Message (Offline)

Ignore
1585668145
Reply with quote  #2

1585668145
Report to moderator
Miz4r
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


View Profile
May 11, 2013, 10:56:36 AM
 #7102

Moving up again. Smiley
Miz4r
Legendary
*
Offline Offline

Activity: 1246
Merit: 1000


View Profile
May 11, 2013, 11:10:21 AM
 #7103

It is madness... no this is BITCOIN!! Grin
SAQ
Newbie
*
Offline Offline

Activity: 56
Merit: 0


View Profile
May 11, 2013, 12:11:15 PM
 #7104

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?
dexX7
Legendary
*
Offline Offline

Activity: 1106
Merit: 1005



View Profile WWW
May 11, 2013, 12:28:04 PM
 #7105

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?

But ask sum is higher than last time. Still I think, we will go up.

SlipperySlope
Hero Member
*****
Offline Offline

Activity: 686
Merit: 501

Stephen Reed


View Profile
May 11, 2013, 12:28:20 PM
 #7106

Note the expected low weekend volume.
SlipperySlope
Hero Member
*****
Offline Offline

Activity: 686
Merit: 501

Stephen Reed


View Profile
May 11, 2013, 12:36:42 PM
 #7107

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?

But ask sum is higher than last time. Still I think, we will go up.



The bid sum is interesting. According to the chart, the sum rapidly declined from a similar high point during the drop from $145 down to $80.

It will take volume to consume the walls constituted by those bids. We are witnessing very low volume.
ChartBuddy
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
May 11, 2013, 01:02:41 PM
 #7108

fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 11, 2013, 01:38:34 PM
 #7109

The problem is, they're all at $40-$60-$80 hoping for cheap coins. As Goat has said, it's not until $125 where people will let go of the notion cheap coins are just around the corner. Once sub-$100 isn't likely in the short term, those people will buy back in and we should have a nice rally. But for now they're sitting on the sideline praying to whatever pagan God causes markets to crash. Tongue

Edit: And in a volatile market, periods of sideways action are generally considered bullish. While boring, it's good for the market and Bitcoin.

Bid Sum is almost at all times high. Last time this happened we went to 160.

Have we left the racy moves behind and are now turtley going up, or will some tiny positive news ignite a rocket?
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 11, 2013, 01:51:05 PM
 #7110

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon Smiley

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 11, 2013, 01:55:34 PM
 #7111

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon Smiley

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware  Wink

*lol* Truer words were never spoken.
ChartBuddy
Legendary
*
Offline Offline

Activity: 1050
Merit: 1000


1PwXK9TpmmaaqaZz2eqcLkPU2C1Fcva39G


View Profile
May 11, 2013, 02:02:45 PM
 #7112

SlipperySlope
Hero Member
*****
Offline Offline

Activity: 686
Merit: 501

Stephen Reed


View Profile
May 11, 2013, 02:07:41 PM
 #7113

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon Smiley

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware  Wink

Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 11, 2013, 02:25:04 PM
 #7114

Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.

Agreed. It was a bumpy road, but I'm glad we're finally here.  Wink
Seal
Donator
Hero Member
*
Offline Offline

Activity: 835
Merit: 1005


View Profile WWW
May 11, 2013, 02:31:14 PM
 #7115

My fiat is not on Gox, and odds are if we go over $125 I won't buy back in. If I can get cheap coin I will.

but i do agree with you over all. Once people see they can't get coins under 100 we might jump to test 160 again.

but then again, we might see 80 soon Smiley

But clearly there is lots of fiat on the order book, it's just in the "hoping for a crash" range.

It doesn't help that all the people waiting for a crash are posting the bubble is about to burst, crash is coming, sell your btc. They fail to mention if it did drop, they'd buy it back up faster then you can blink.

Shit I hope it crashes too. It's easy money. At the same time I'm not going to go around making charts trying to scare the fish.

If you have to scare the fish, you are doing it wrong. The fish should just be doing what you want without them being aware  Wink

Indeed, a bubble collapses because new buyers diminish. Most of the trades from here to the bottom of the bubble will be the iterative transfer from weak hands to stronger hands. Hands become weak as fewer successive buyers prop up prices.

Do you think we are currently in a bubble? I think the $100 mark is psychologically important to a lot of investors/speculators/traders. I'd love to hear of someones Fibonacci analysis on this one.
ManBearPig
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


"Don't go in the trollbox, trollbox, trollbox"


View Profile WWW
May 11, 2013, 02:41:50 PM
 #7116



*shrugs* I dunno might be stretching it a bit much to call this anything.

A more reliable indicator is this: I feel lucky Smiley
Abandon
Member
**
Offline Offline

Activity: 112
Merit: 10



View Profile
May 11, 2013, 02:46:41 PM
 #7117



*shrugs* I dunno might be stretching it a bit much to call this anything.

A more reliable indicator is this: I feel lucky Smiley

It's more likely to resume where the exponential growth left off, before going nova. Therefore not going to go down much. Look at the curves, not the lines.  Tongue

$100 price is too far gone.
fitty
Hero Member
*****
Offline Offline

Activity: 728
Merit: 501

CryptoTalk.Org - Get Paid for every Post!


View Profile
May 11, 2013, 02:47:18 PM
 #7118

*shrugs* I dunno might be stretching it a bit much to call this anything.

A more reliable indicator is this: I feel lucky Smiley

Highs are getting lower. Lows are getting higher. And we're settling down right on top of our historical growth line. That crazy market, it knew the truth the entire time. Grin
ManBearPig
Sr. Member
****
Offline Offline

Activity: 350
Merit: 250


"Don't go in the trollbox, trollbox, trollbox"


View Profile WWW
May 11, 2013, 02:52:09 PM
 #7119



*shrugs* I dunno might be stretching it a bit much to call this anything.

A more reliable indicator is this: I feel lucky Smiley

It's more likely to resume where the exponential growth left off, before going nova. Therefore not going down much. Look at the curves, not the lines.  Tongue

Oh indeed, on the log chart the supporting trend for 2013 is largely straight and one we are slowly settling in on.
phoenix1
Hero Member
*****
Offline Offline

Activity: 798
Merit: 1000



View Profile
May 11, 2013, 03:02:02 PM
 #7120

If it does not go back down I will not buy in ... it just seems too risky for me at this price whatever anyone wants to say about fundamentals, future growth etc ... I just can't bring myself to do it. If I miss the opportunity to ride the train so be it ... worse things have already happened in my life.
Some will likely chase it if it goes up
Some, like me, will simply walk away
I don't see it as a given that all the money sitting at lower levels will invest at higher levels if we don't go down - some of it is sitting there because it that is where it feels comfortable. A lot of the smart money won't chase the train IMO ... it is generally more disciplined than that (I do not by inference mean to classify myself as smart money  Tongue)
And I still see the potential for more early adopters to take some cash off the table for a very good profit at these levels and lower

An as yet unknown external shock, positive or negative, may determine the outcome

Slightly contrarian, not trying to scare anyone, just giving the opinion of someone who is new to Bitcoin (about 6 weeks of exposure) and thinking about not jumping on board unless we go down significantly from here.
Until there is more utility it is purely a speculative investment as far as I can tell. These things will come I am sure. Well, everyone says they will. But until then, it caries a very large 'Caveat Emptor' tag, which for me means I don't want to invest at current levels.

That is not to say that I do not find the whole concept very interesting indeed

Time will tell ... I am as clueless about the future direction as everyone else  Wink
Pages: « 1 ... 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338 339 340 341 342 343 344 345 346 347 348 349 350 351 352 353 354 355 [356] 357 358 359 360 361 362 363 364 365 366 367 368 369 370 371 372 373 374 375 376 377 378 379 380 381 382 383 384 385 386 387 388 389 390 391 392 393 394 395 396 397 398 399 400 401 402 403 404 405 406 ... 26488 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!