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

[Coinshot]

Inconclusive. This volume is really tepid.

Yeah, it's hard to tell. $300 was my psychological wall, but then again- it's just drip drip drip. Can't even really sell/buy into it at a one price with any volume .

300 was getting tested lots of times. It was only a question of when it was breached. It has happened now so hoping for a fast drop to 250-260.

250 would be the absolute floor and we should move up after touching it.

[NotLambchop]

...No bulls left, no restistance, no hope. See you at double digits.

But while there's moonlight and music and love and romance

I should have listend to NLC! He told me that it's going down forever. Is crypto done? Yes! FIAT ftw.

[maranello1561]

Stamp rearing up to go. Gox too by the looks of it.

Last chance to buy 10,000 BTC without slippage below $300.

LOL - yeah right ... its hilarious to go through some of these old posts again.

[JorgeStolfi]

A BIG bankruptcy in the mining world would be hugely bullish for BTC

I suppose that pools cannot go bankrupt; if the pool company fails, its miners will move to another pool.  Pool miners will turn off their machines individually, so their "bankruptcy" will be gradual.

The largest non-pool miners may have 10-15% of the total.  If a couple of them suddenly go off-line, the block rate will fall in the same proportion, and ditto for the supply of new coins.  The price may recover for a while.  But in a week or two the difficulty will be readjusted, and there will be again 3600 new BTC entering the market every day.

[Fatman3001]

It just keeps falling. And I don't see any reason why it would stop. Why would anyone buy this other than covering shorts? It can't even compete with Western Union with these drops.

[crazy_rabbit]

Stamp rearing up to go. Gox too by the looks of it.

Last chance to buy 10,000 BTC without slippage below $300.

LOL - yeah right ... its hilarious to go through some of these old posts again.

Funny- that chart looks exactly like the current chart. :-)

[shmadz]

I cant be the only person calmly buying here. We were here four months ago. Time to do the money shuffle again.

You still have fiat left? Nice, I got cleaned out at 320 CAD and next deposit won't clear till sometime next week 

-- btw, any one complaining about a one hour confirmation being too long obviously never tried moving fiat from one bank to another during holidays/weekends 

Careful man, seriously.

In total honesty if even the last possible 2012 support trend line breaks it's gonna be a bloodbath.

I would suggest you put stop losses in place just to be safe, but you probably think I'm trolling you, so, do what you think is best.

Stop losses? LOL!

I deposit fiat to the exchange. I withdraw bitcoins to cold storage. Then I wait.

If bitcoin is still a thing in a couple years, I plan to maybe sell a few and buy a new car. If not, I guess it's a good thing I got a Toyota, those things will run forever

[shmadz]

A BIG bankruptcy in the mining world would be hugely bullish for BTC

I suppose that pools cannot go bankrupt; if the pool company fails, its miners will move to another pool.  Pool miners will turn off their machines individually, so their "bankruptcy" will be gradual.

The largest non-pool miners may have 10-15% of the total.  If a couple of them suddenly go off-line, the block rate will fall in the same proportion, and ditto for the supply of new coins.  The price may recover for a while.  But in a week or two the difficulty will be readjusted, and there will be again 3600 new BTC entering the market every day.

I have no idea why galdur seems to think that the difficulty would drive the price, when it is obvious that it is the other way around.

 

[heartastack]

Look at a 30 year gold chart if you want to see what patience looks like

[Fatman3001]

And soon the majority of the network will officially be controlled by China. How comforting.

https://blockchain.info/pools?timespan=48hrs

[luckygenough56]

i don't have 30 years to live

[celebreze32]

Stop losses? LOL!

I deposit fiat to the exchange. I withdraw bitcoins to cold storage. Then I wait.

If bitcoin is still a thing in a couple years, I plan to maybe sell a few and buy a new car. If not, I guess it's a good thing I got a Toyota, those things will run forever

I tried using stop losses. Once I put one on really low and the price briefly spiked down to half a cent below my stop loss, then shot straight back up to the moon again.  

[Kipsy89]

i don't have 30 years to live

Good thing is that as soon as you have developed the nerves to live through all those dips and FUD, a long term profit in BTC-land still is a medium- or even short-term profit in terms of traditional financial products! That being said, you don't have to wait that long 

[LOBSTER]

And soon the majority of the network will officially be controlled by China. How comforting.

https://blockchain.info/pools?timespan=48hrs

I hope China is waking up soon Bullrun!!

[canary]

I hope that too, after $300 it's going so fast downwards  Somebody need to hold that tight guys

[ChartBuddy]

Explanation

[arklan]

don't ya hate it when you accidentally send a transaction without a fee? hour later and not even one confirm. and i was sending it to cash out so i could get some gas and go work tonight. argh.

[luckygenough56]

bitcoin still faster than sepa

[maranello1561]

Monday's headline in mainstream media:

"Bitcoin under $300; despair and capitulation tear through the Bitcoin enthusiast forums". Quote of the Day: "I can't believe I once believed in bitcoin."

[esse83]

China hit its technical support at 1818.. probably be a pointless pump to give bulls some hope Remember to short, short, short! After the pump flatlines of course Enjoy sweet sweet fiat. Have a nice saturday, you too bulls! We need you to make that precious delicious perfect form of currency called fiat