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

[oda.krell]

"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.

Who said anything about 40$ coins, or, now I guess 400$. I actually said I have no idea if we're going down that much.

Point is, you'd have to be a complete moron to set a fixed price target in this market and never adjust it (like some linear regression wankers like to do), but there's another option: if you want to play it slightly safer than the average buy&holder, start buying back when you have some confirmation that the trend turned around. Maybe someone with a better read of the market can see those signs already, but to me it looks like we're still on extremely shaky grounds.

[1714622369]

1714622369

[1714622369]

1714622369

[1714622369]

1714622369

[tarmi]

everybody speculating whether this is the bottom is a clear sign to me that we are far from it.

[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.

Who said anything about 40$ coins, or, now I guess 400$. I actually said I have no idea if we're going down that much.

Point is, you'd have to be a complete moron to set a fixed price target in this market and never adjust it (like some linear regression wankers like to do), but there's another option: if you want to play it slightly safer than the average buy&holder, start buying back when you have some confirmation that the trend turned around. Maybe someone with a better read of the market can see those signs already, but to me it looks like we're still on extremely shaky grounds.

You're guaranteed to miss the bottom if you wait for clear signs of a trend reversal.

[kurious]

"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.

Who said anything about 40$ coins, or, now I guess 400$. I actually said I have no idea if we're going down that much.

Point is, you'd have to be a complete moron to set a fixed price target in this market and never adjust it (like some linear regression wankers like to do), but there's another option: if you want to play it slightly safer than the average buy&holder, start buying back when you have some confirmation that the trend turned around. Maybe someone with a better read of the market can see those signs already, but to me it looks like we're still on extremely shaky grounds.

I think when 'things' are resolved the market will turn and current prices will look cheap.  Therefore I am a bull.

However, Oda is right - only  a fool would call the bottom right now.

I have buys set up down to the mid-400s and will (no doubt) adjust these if things look like changing.

I don't see anything like $40 coins, but I will not say we can't see under $500 - of course it is possible, and no-one is mad speculating that it could happen.

[billyjoeallen]

everybody speculating whether this is the bottom is a clear sign to me that we are far from it.

So your operating theory is that I'm stupid and whatever I say is wrong. Interesting. Are you my ex-wife?

[TERA]

everybody speculating whether this is the bottom is a clear sign to me that we are far from it.

What frightens me about this particular "bear market" is how consistent it has been on a 4 hour chart. There has been no bulltrap with a 4 hour crossover, as there was during the bear market last year. This leads me to believe that it may even be dropping lower than my earlier projections. I'm really hoping that this is not the case as it is not really in anyone's financial interest here including my own - I'd rather the next rally start sometime this year instead if spending even MORE time holding exchangeUSD and not making any profits. However, I must respect that this might be the case, and adjust my strategy accordingly.

[empowering]

Bitcoin is really a mindblowing system. I tried to order a pizza with bitpay, after 15 min the payment still hasn´t arrived and i got the message "invoice expired".
So my money is gone and i got no pizza. Outstanding.

How can you order a Pizza with bitcoins if you have zero bitcoins? You always amaze me!

I have a lots of money on the exchanges(leveraging(shorting) with USD) , so i thought i could take the risk and exchange 20$ into Bitcoin without having to fear that Bitcoin would fall to 0 in the next 10 minutes.
Lesson learned. I even sent the BTC to my blockchain account first as i am aware of the fact that payments through exchanges can be delayed. I´m sad for Bitcoin.
And once again it has proven that BTC future doesn´t look bright

Yeah, my 1 year old i-pad is sketchy, my new fridge has a glitch, my android phone is totally insane, my BMW has broken down twice in the past half a year, and my bank blocked my internet banking for months because of a glitch they could not even find themselves... they even had to turn off their cash machines for several days..

I guess that has proven that Apple,Android, Hoover, Natwest and BMW are all broken and do not have a very bright future

[tarmi]

everybody speculating whether this is the bottom is a clear sign to me that we are far from it.

So your operating theory is that I'm stupid and whatever I say is wrong. Interesting. Are you my ex-wife?

I dont care what are you saying. who the fuck are you? and who the fuck cares about your life, wife, cat, etc?






But I do care what market is saying.

[empowering]

This is interesting. Didn't the central bank of Cyprus just issue an advisory about bitcoin?

I do not think the people of Cyprus and the CB are friends anymore...

[kurious]

everybody speculating whether this is the bottom is a clear sign to me that we are far from it.

What frightens me about this particular "bear market" is how consistent it has been on a 4 hour chart. There has been no bulltrap with a 4 hour crossover, as there was during the bear market last year. This leads me to believe that it may even be dropping lower than my earlier projections. I'm really hoping that this is not the case as it is not really in anyone's financial interest here including my own - I'd rather the next rally start sometime this year instead if spending even MORE time holding exchangeUSD and not making any profits. However, I must respect that this might be the case, and adjust my strategy accordingly.

I think 'events' can take us either way in the immediate future - I think two more weeks of the current exchange uncertainty is not impossible and longer still if a receivership or buyout is what happens.

Personally, if alts go the way they have and BTC hits 400 I am (on average buys) probably going to be underwater - I am not that early an adopter.

However, I wouldn't be posting here if I was not confident in the long term.  I am pretty sure that every week of this adds a lot more time for the scars to heal, though.

That said, as always - a few weeks is a hell of a long time with Bitcoin. If it hits 400, I will be buying.

[F-bernanke]

This is interesting. Didn't the central bank of Cyprus just issue an advisory about bitcoin?

I do not think the people of Cyprus and the CB are friends anymore...

Afterall they have their own BTC anthem:

http://www.youtube.com/watch?v=XetrFDhXit4

Best Zhou Tonged track out there!

[billyjoeallen]

everybody speculating whether this is the bottom is a clear sign to me that we are far from it.

So your operating theory is that I'm stupid and whatever I say is wrong. Interesting. Are you my ex-wife?

I dont care what are you saying. who the fuck are you? and who the fuck cares about your life, wife, cat, etc?

But I do care what market is saying.

I'm billyjoe. Pleased to meet ya. I'll be the one taking all your coins. Don't worry. I'll take good care of them.

[Bagatell]

FWIW


Breaking: MtGox Now Testing Bitcoin Withdrawals

http://altcoinpress.com/2014/02/breaking-mtgox-now-testing-bitcoin-withdrawals/

[kurious]

FWIW


Breaking: MtGox Now Testing Bitcoin Withdrawals

http://altcoinpress.com/2014/02/breaking-mtgox-now-testing-bitcoin-withdrawals/

It's only quoting Reddit - but Fiatleak is showing USD reaction to the news, China was 80% of volume a few minutes back, with USD at 10% of CNY.

Now it's picked up...

Let's see if price is affected on this welcome, but small piece of news.

[oda.krell]

"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.

Who said anything about 40$ coins, or, now I guess 400$. I actually said I have no idea if we're going down that much.

Point is, you'd have to be a complete moron to set a fixed price target in this market and never adjust it (like some linear regression wankers like to do), but there's another option: if you want to play it slightly safer than the average buy&holder, start buying back when you have some confirmation that the trend turned around. Maybe someone with a better read of the market can see those signs already, but to me it looks like we're still on extremely shaky grounds.

You're guaranteed to miss the bottom if you wait for clear signs of a trend reversal.

I never said the goal of the above is to catch the bottom.

I mentioned the word "safe", however. Maximum profit and safety don't go together, I'm sure I'm not telling you anything new with that.

[magicmexican]

GoxCoin cannot be stopped

[Richy_T]

Case study: Ukraine currency just fell 10% vs the dollar in 3 months and it is expected to fall even further.
So almost overnight because of your government you lose 10% of your life savings. That is robbery and another reason why we need Bitcoin and it will succed.

Any comments on this news Jorge ?

Heck, in the early 2000s, the pound fell against the dollar 20% virtually overnight. That certainly cost me, I can tell you.

[seleme]

Tera is really becoming the 2nd fonzie

Nah, TERA is not fudster, he is just afraid to death to lose 3 dollars in a trade.

[adamstgBit]

gox moving up

[cbutters]

In the midst of all of this.... how is bitcoin any more volatile than regular old stocks?
https://www.google.com/finance?cid=672501