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

[TERA]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

[creekbore]

The end is coming...

This is the end
http://www.youtube.com/watch?v=JSUIQgEVDM4

[billyjoeallen]

More bad news:

http://www.coindesk.com/documents-goldman-sachs-discussing-bitcoin/

"New York-based global investment banking giant Goldman Sachs has completed an initial assessment of digital currencies that concluded they are currently too volatile for serious investors."

Au contraire dear fonz ... GS are notorious for recommending/downgrading assets against the best interests of their clients, for the very purposes of front-running them. Typically on the juiciest of plays.

The very fact GS are covering bitcoin in a report is the news. Their statement that it is "too volatile for serious investors" ... means stay away until we establish our positions first. Volatility is life blood for these guys.

+1

had to smile when i read that THEY say it is too volatile for investing for SERIOUS investors. Guess these guys are buying, especially with regarding to the TIMING of their assessment

Surely not the Goldman Sachs that brought us the Abacus CDO which was one of the doggiest of the dogs? 

http://sevenpillarsinstitute.org/case-studies/goldman-sachs-and-the-abacus-deal

An argument can be made that high volatility investments demand a MORE serious investor class. You have to pick your entry and exit points much more carefully.

[soullyG]

http://www.reddit.com/r/Bitcoin/comments/1ymb4r/some_light_on_the_horizon_for_gox/

[billyjoeallen]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

I bet you're a real hoot at parties. Peeing in the pool and then starting a rumor that cops are coming any minute.

[ShroomsKit]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

[magicmexican]

Tera is really becoming the 2nd fonzie

[ShroomsKit]

Tera is really becoming the 2nd fonzie

Looks like it. It seems to be getting worse. Poor guy.

[ChartBuddy]

Explanation

[billyjoeallen]

http://www.reddit.com/r/Bitcoin/comments/1ymb4r/some_light_on_the_horizon_for_gox/

[TERA]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are? Honestly I don't care anymore whether I get filled in the 400s. Maybe I will end up having to buy in 500s (or maybe it'll end up being 300s). I would be happy to see bitcoin prices bottom out at whatever that price may be so that I can start using bitcoin as a store of value again rather than holding bitstampUSD, bitfinexUSD, btceUSD, disney dollars, etc. However, I'm not going to pretend like THIS is a good chart to buy into right now.

[ShroomsKit]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are? Honestly I don't care anymore whether I get filled in the 400s. Maybe I will end up having to buy in 500s (or maybe it'll end up being 300s). I would be happy to see bitcoin prices bottom out at whatever that price may be so that I can start using bitcoin as a store of value again rather than holding bitstampUSD, bitfinexUSD, btceUSD, disney dollars, etc. However, I'm not going to pretend like THIS is a good chart to buy into right now.

When is a good time to buy then? When it goes up you're gonna say right?

[FTWbitcoinFTW]

I'm not going to pretend like THIS is a good chart to buy into right now.

All i see it's a triple bottom at 55x

I guess next gox update will provide a answer

[billyjoeallen]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are? Honestly I don't care anymore whether I get filled in the 400s. Maybe I will end up having to buy in 500s (or maybe it'll end up being 300s). I would be happy to see bitcoin prices bottom out at whatever that price may be so that I can start using bitcoin as a store of value again rather than holding bitstampUSD, bitfinexUSD, btceUSD, disney dollars, etc. However, I'm not going to pretend like THIS is a good chart to buy into right now.

Looks oversold to me.

[oda.krell]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Dude (dude?), what are you smoking. No idea if we're going to hit 400 or not, but looking at the price development since pretty much exactly Feb 5 (when we were at 800, and it felt "stable" for a week or two) and saying "bears must be frustrated" in the time afterwards seems just plain silly.

That's not even a bearish statement (which I'm not anyway), but a fact. For all I know, we can turn around any minute now, but up until now (from early February), "wait and see if price goes down a bit more" worked out pretty well so far, that much you must admit, no?

[kurious]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Dude (dude?), what are you smoking. No idea if we're going to hit 400 or not, but looking at the price development since pretty much exactly Feb 5 (when we were at 800, and it felt "stable" for a week or two) and saying "bears must be frustrated" in the time afterwards seems just plain silly.

That's not even a bearish statement (which I'm not anyway), but a fact. For all I know, we can turn around any minute now, but up until now (from early February), "wait and see if price goes down a bit more" worked out pretty well so far, that much you must admit, no?

+1

Reads like common sense to me. And Tera is not Fonzie, not even close.

[Searing]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are? Honestly I don't care anymore whether I get filled in the 400s. Maybe I will end up having to buy in 500s (or maybe it'll end up being 300s). I would be happy to see bitcoin prices bottom out at whatever that price may be so that I can start using bitcoin as a store of value again rather than holding bitstampUSD, bitfinexUSD, btceUSD, disney dollars, etc. However, I'm not going to pretend like THIS is a good chart to buy into right now.

yeah you make a good point ...if this was LAND no matter how worthless it is from what it was...you could at least be sure the LAND would still be there...priced at $1 or $1000000 dollars...that is the constant...my bet is bitcoin is gonna survive...no price per coin I've no idea..but if it does survive in the long term it has to go up to something more reasonable imho of what I've put in at this stage...the truth imho is IF it DOES continue in a format people use in even 5 years say..my most dismal thought is ...anything under 1,000 usd is probably a deal on bitcoin .......or it could all go POOF I guess....it is like having 2 choices of land to buy ...on 1 choice of land they will build and airport the other nada....

so same with bitcoin ..if it works ...er I should say continue to work/survive in its manner.....you'll wonder why you did not put more $$ in

if it blows up...well..it will be just another bad investment

myself I put what I can afford into it...cause I can live with another bad investment .....as long as I know what I'm getting into

but not doing anything and having the equivalent of them building an airport on land I did not buy (or bitcoin I did not get as I am now) and I would be unconsolable

thems the breaks you put say 5K in apple computer in 1976 you'd be  a rich man

put the same 5k in Kapro as an example you are out of luck

so if you think it is here to stay imho (most of the time I too waiver) then anything under 1k is a safe bet per btc

if not well you probably an't on this forum to begin with

but the real problem I have is not the price of the coin..is how much I'm comfortable with my modest means putting into bitcoin

right now imho I should look at this as cheap coin (so I'm scrambling a bit ..nothing major...but still scrambling some $$$ together)

so it will go for most of us in the forseeable future....go to 200 a btc....is fine ...as long as btc sticks around long enough to grow and move past it....
that is what makes me scratch my head when I see the silly hairless primates we all are mucking something up like gox or bfl or whatever.....sheesh
silly humans could muck this all up yet....

what the heck its just money right ?

Searing

[FTWbitcoinFTW]

but up until now (from early February), "wait and see if "gox  will resume withdrawls" worked out pretty well so far, that much you must admit, no?

FYP

[billyjoeallen]

"wait and see if price goes down a bit more" worked out pretty well so far, that much you must admit, no?

Tell that to the people who are waiting to see $40 coins since last April.

[creekbore]

49 cents down. Damn Tera, those sheep are gettin' slaughtered.

The trap has not finished yet. There is room on the chart for a false breakout to 600 (with maybe a flashspike to 620). The slaughter happens after this breakout fails only for people to find that not only are prices declining below 580 but that they are now trapped inside a giant triangle breakdown of 530 into the 400s.

It's so funny to read posts of bears who are frustrated their $400 bid didn't fill. And slightly silly.

Is it not possible to have an academic and scientific discussion on price trends here without constant harassment and suspicion into my whatever my personal position and agenda are?

Forum tolerances for this sort of discussion always go down in times of uncertainty.  People seek sanctuary in strength of belief.
 

However, I'm not going to pretend like THIS is a good chart to buy into right now.

I agree and it will get worse until the Gox drama plays out -- expect a slew of negative features in the Sunday papers as 'financial gurus' tell the general public how they "called Bitcoin" and to get out now.  But once resolved things will turn upwards.  It will be interesting to see how this period compares to the six months following April's 'crash'.