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

[gog1]

good idea to go long now?

opened, let's see

still remembered the 30k BTC sell wall at $300 that got gobbled up ......

the support at $300 should be quite strong.

[BlindMayorBitcorn]

So at what point do the avid early adopters stop smirking "Bitcoin is doing just fine." and "Quiet you!  I bought at $30, blah blah blah" and start to recognize that there may be a serious problem here with apathy and lack of adoption going on?

Say, at $200?  $100?  $50?  How low does it have to go before the realization that no one gives a shite about bitcoin anymore starts to set in?

Its price is not a very relevant factor in its adoption....

OMG LOL

does what I said seem absurd? Last year major players adopted while its price fell and fell....

While other major players (and early adopters) sat back and laughed and laughed. I remember

[ChartBuddy]

Explanation

[ShroomsKit]

Where is the cheap coins party?

Everyone gobbling up these honeys?

[shmadz]

good idea to go long now?

opened, let's see

still remembered the 30k BTC sell wall at $300 that got gobbled up ......

the support at $300 should be quite strong.

It seems a lot of volume rushes in at these levels. That being said, there will be no slowdown in production till 2016.

I can imagine a scenario where the persistent, relentless selling from institutional miners will discourage bag holders who got in recently (within the last year) and they could indeed dump their bags and make a bad situation worse.

It's like a war of attrition. What will run out first? Supply of new coins from sellers incentivized to sell at almost any price? Or supply of fiat from buyers who believe in the long term success of bitcoin?

This could be a long and ugly battle.

[N12]

Cheap coins! 😆

[ShroomsKit]

So at what point do the avid early adopters stop smirking "Bitcoin is doing just fine." and "Quiet you!  I bought at $30, blah blah blah" and start to recognize that there may be a serious problem here with apathy and lack of adoption going on?

Say, at $200?  $100?  $50?  How low does it have to go before the realization that no one gives a shite about bitcoin anymore starts to set in?

Its price is not a very relevant factor in its adoption....

Hilarious.

[ChartBuddy]

Explanation

[prophetx]

dollar is about to go parabolic

http://finance.yahoo.com/echarts?s=USDEUR%3DX+Interactive#%7B%22range%22%3A%221y%22%2C%22scale%22%3A%22linear%22%7D

get ready for the pump

[billyjoeallen]

The problem with waiting for final capitulation is that that if BTC price sinks slow enough in USD, it may actually gain value in enough other currencies to serve as an inflation hedge in those currencies so the final capitulation may not happen. Actually that would mean it already happened @ $270 just before the Bear Whale dumped.

The guy lost what? over three million $ by selling @ $300/BTC.  Who would be stupid enough to do that now after what happened to him?  I got a short in, but if you don't already have one as you should have, it's too fucking late to get one now. You should have gotten in on the pullback to $338 ofter the bounce off of $302 that I told you was coming. Ride it out.

All the people who were laughing at that guy are telling you to sell now. The took his coins and now they want yours. Can you hold? How long? If the answer isn't "as long as it takes", then you might as well give me your coins now. You don't deserve them.

[ChartBuddy]

Explanation

[findftp]

That sideway movement makes me crazy. I want a bull run again

Prepare for the opposite.
Remember this picture?



 

What a nice day to wake up and see I was right.
But, this is just the beginning. Don't go long yet

[LOBSTER]

Cheap coins! 😆

Yes...but the same price for days now. Too boring to trade

[Tzupy]

Every time the 6h PSAR flipped to bearish during the last couple of months, the downtrend lasted 2 - 3 days.
It won't take much dump to break support at 305$, and after that a large dump can take the price to 275$.

[findftp]

Wow, litecoin is a big bloodbath as well
But hey, you must love the fact that confirmation times are fractionally quicker. Lol

[luckygenough56]

250.despair.alt rising.

[smoothie]

Bitcoin: so worthless people are giving them away for free at $300 each.

lol so is it free....OR $300? 

[exocytosis]

This is another good day for us paid bankster shills. We don't even have to spread any FUD; the BTC price does the job all on its own.

[luckygenough56]

the quicker you let bears get them 250 coins, the quicker we go back up.

Just sayin' 

[findftp]

This is another good day for us paid bankster shills. We don't even have to spread any FUD; the BTC price does the job all on its own.

Can you imagine when the FUD kicks in!