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

[Peter R]

wtf is this all about?

I think it's just jitters.  People sitting on large gains feeling anxious and thus choosing to divest a few more coins.  That's not to say that we couldn't go lower.  Look at the chart of this summer, for example....  

[1714506593]

1714506593

[1714506593]

1714506593

[1714506593]

1714506593

[nanobrain]

wtf is this all about?

I dunno...China's shut for a start...everyone's waiting for a train/packed onto a train/getting off a train.

Someone needs to locate the "Bitcoin...do something" image

[billyjoeallen]

All hail btce your new market leader.

What's the deal? Huobi isn't reacting at all. If this was about the Chinese bank's halting cash transfers, they would be reacting too, I imagine. Maybe the party boys are coming after Bobby. I think their banking system is so upfucked that they might already be looking for scapegoats. yeah, that's my completely unfounded rumor. Remember, you heard it here first!

[podyx]

good thing i have some fresh fiat coming on bitstamp tomorow 

[OldGeek]

Okay then.  The usual stuff.  Nothing to get all worked up about.  Yay Bitcoin!

[jsteelbeam]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

[podyx]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

$500 coins

ah man, a nigga can dream right..

[nanobrain]

All hail btce your new market leader.

What's the deal? Huobi isn't reacting at all. If this was about the Chinese bank's halting cash transfers, they would be reacting too, I imagine. Maybe the party boys are coming after Bobby. I think their banking system is so upfucked that they might already be looking for scapegoats. yeah, that's my completely unfounded rumor. Remember, you heard it here first!

Seriously man...this is what China is like today and tomorrow...don't expect too much trading to go on

The queue for the train

[billyjoeallen]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

yeah, we take advice from newbies. That's how we made all our money. GTFO.

[TERA]

The work of Karhu and his capitulation continues.

[jsteelbeam]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

yeah, we take advice from newbies. That's how we made all our money. GTFO.

Yes, I'm a forum stalker, not a poster, but anyone who has followed the posts knows that a large portion of the sideline cash is waiting for that scenario.  Doesnt make sense from a financial perspective to not let that cash come back into the market and cause the panic buying to new ATH. 

[billyjoeallen]

That's it? That's all the bears can do? Try more FUD, see if that works.

[OldGeek]

The Jan 31st crash is nigh!
...snip...

Oh goodie.  Was this announced and I missed it?  Fud merchants are a dime a dozen here.  If you want to graduate to the upper class, study up on Proudhon's techniques.

Yes, I'm a forum stalker, not a poster, but anyone who has followed the posts knows that a large portion of the sideline cash is waiting for that scenario.

Anyone who believes any part of what is posted in this sub-forum knows what's best.  Right?



In other views:  The action on BTC-e is not driven by bots this time.  At least it doesn't appear to be.  Some interesting market orders hitting when things try to calm down a bit.

[billyjoeallen]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

yeah, we take advice from newbies. That's how we made all our money. GTFO.

Yes, I'm a forum stalker, not a poster, but anyone who has followed the posts knows that a large portion of the sideline cash is waiting for that scenario.  Doesnt make sense from a financial perspective to not let that cash come back into the market and cause the panic buying to new ATH. 

Except I am more than a day trader. That's only how I hedge. A dramatic drop would slow merchant adoption, which is more important in the long term than a new ATH soon. We're creating a new payment system, not a casino.

[bangersdad]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

yeah, we take advice from newbies. That's how we made all our money. GTFO.

Yes, I'm a forum stalker, not a poster, but anyone who has followed the posts knows that a large portion of the sideline cash is waiting for that scenario.  Doesnt make sense from a financial perspective to not let that cash come back into the market and cause the panic buying to new ATH. 

so obviously then the honey badger will just roll over and let EVERYBODY get their $500 coins....cos that is how it works..honey badger always behaves...NOT....

expect the unexpected.

[runam0k]

Except I am more than a day trader. That's only how I hedge. A dramatic drop would slow merchant adoption, which is more important in the long term than a new ATH soon. We're creating a new payment system, not a casino.

Merchants don't fucking care, they're using BitPay.

[magicmexican]

true reason for the drop - http://www.nasdaq.com/article/bitcoin-drops-3-as-emerging-market-concerns-ease-cm321692

[jsteelbeam]

wtf is this all about?

The Jan 31st crash is nigh!

Seriously, though.  EVERYBODY is waiting for  $500 coins.  If your cost per coin is under $400, you should sell and let the crash finally happen, so the cash on the sidelines can rush into the market.  New ATH can then finally be had.  

yeah, we take advice from newbies. That's how we made all our money. GTFO.

Yes, I'm a forum stalker, not a poster, but anyone who has followed the posts knows that a large portion of the sideline cash is waiting for that scenario.  Doesnt make sense from a financial perspective to not let that cash come back into the market and cause the panic buying to new ATH. 

Except I am more than a day trader. That's only how I hedge. A dramatic drop would slow merchant adoption, which is more important in the long term than a new ATH soon. We're creating a new payment system, not a casino.

I agree with you and my hope for BTC/cryptocurrency is the same, but if a crash from $1,000+ to $300+ that we just went through didnt scare Overstock or Tigerdirect from accepting BTC, then a drop from $700 to $500 shouldnt affect future merchant adoption.

[billyjoeallen]

Except I am more than a day trader. That's only how I hedge. A dramatic drop would slow merchant adoption, which is more important in the long term than a new ATH soon. We're creating a new payment system, not a casino.

Merchants don't fucking care, they're using BitPay.

Those of us with substantial holdings will not deplete them by buying stuff at a low exchange rate. We didn't get where we are by buying high and spending low, so price needs to go up gradually and then we'll share with merchants. Overstock bitcoin sales went down because the exchange rate went down. If it goes up, more bitcoiners will buy stuff there and then more merchants will jump on board.

[ShroomsKit]

true reason for the drop - http://www.nasdaq.com/article/bitcoin-drops-3-as-emerging-market-concerns-ease-cm321692

Or it's just sheep panicing because of sheep panicing.