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

[shmadz]

the bottom is in

I think you meant to say: the bottom is clenched

Virtex has 20 coins available at the equivalent of less that 260 USD each right now.

There is some serious selling pressure going on and it smells awfully fishy to me.

Virtex: Put up a sell, wait 5 days for the buyer to deposit fiat, complete transaction 

I think the party will be over before last week's deposits show up.  Last one was 9 days  (through holidays)

Where is the arbitrage between there and VoS? What am I missing? (Not a trader)

As explorer pointed out, it can take an excruciatingly long time to move money back and forth, 5 business days is normal.

Virtex does offer instant funding from your debit card, but only up to 1000 dollars per day, and with a 25 dollar flat fee per transaction...

Sometimes, especially when the price is moving fast, it's totally worth it though.

[pjviitas]

fuck i think i will regret it big to sell all my btc at $278

The 1w charts say other wise.

[ChartBuddy]

Explanation

[shmadz]

fuck i think i will regret it big to sell all my btc at $278

Don't worry, you will still be able to buy half of it back when it hits $556.

I don't want to sound callous, just in case kenji is being sincere, but out of curiosity I just looked up "weak hands" in the dictionary and found this:

Weak Hands
DEFINITION OF 'WEAK HANDS'
1. The intention of futures contract holders not to receive delivery of the underlying.

2. Retail traders in the forex market who abide by the conventional wisdom that when a pattern is broken, get out.

3. Kenji.

 

[ivyleague1985]

fuck i think i will regret it big to sell all my btc at $278

Of course you will, most traders cover and start go long from $280. They trade bi-directional. No one is permabear.

[kenji]

is it better to buy back now?

[mikeh2]

is it better to buy back now?

based on my past mistakes, probably not - if you had kept a % to hold for the long term you wouldn't be panic buying or selling, you'd just wait it out.

[ivyleague1985]

is it better to buy back now?

Wait for the big spike to confirm this bottom is the FINAL bottom before the BIG rally. I will PM you once we arrive there.

[Fatman3001]

is it better to buy back now?

Find someone you trust that can help you write down a plan, then stick to it.

[BlindMayorBitcorn]

is it better to buy back now?

That's like 50 grand... Go travel the world, bro!

[twiifm]

is it better to buy back now?

No wait till resistance is broken.  IMO it's gonna get ugly.  If this gets rejected at 300 again then short the mofo.  Then put a stop at 300 and trail it down

[cbeast]

Most of the bitcoiners are absent. They're probably heading to Vegas for the World of Bitcoin.

[BlindMayorBitcorn]

Most of the bitcoiners are absent. They're probably heading to Vegas for the World of Bitcoin.

What are we? Chopped liver?

[Walsoraj]

http://coinorama.net/

LOL @ Stamp's total bid sum decline over the last year.

[Fatman3001]

Most of the bitcoiners are absent. They're probably heading to Vegas for the World of Bitcoin.

What are we? Chopped liver?

"...with some fava beans and a nice chianti”

[JerryCurlzzz]

is it better to buy back now?

I am waiting with bids clustered around $200 and $130. If I miss, and we look to be beginning a new uptrend, I'll jump on the train then. I just don't see any reason to jump the gun. We're teetering on support, and it's unlikely to hold, methinks.

[ChartBuddy]

Explanation

[shmadz]

I've often said that I want the price as low as possible for as long as possible, but I'm starting to feel like this is low enough.

The sentiment that I get from potential adopters is that they are frustrated that they didn't get in early, and thus they have a negative feeling towards bitcoin and they just want to see it fail.

I'm hoping that this 285-275 level will hold steady for a couple weeks and then a gradual creep up. Back to 350 by Feb, maybe 400 by April?

I guess it doesn't really matter where the floor is, as long as we determine some kind of floor, some bottom price to give new participants some kind of relative confidence that there is at least some kind of support and if they decide this is not for them, at least they should have the feeling that if they balk and want to get out, that there is enough liquidity available for then to cut their loose without getting completely raped.

Current range is good enough for me, and I hope, good enough for any potential new clients.

IMO It's a nice entry point and at least at this level I would feel confident in recommending bitcoin to people after first explaining that there is still the downside risk, but the upside might be so much higher...

Only time will tell, best of luck wall observers, and good night.

[BrewCrewFan]

I've often said that I want the price as low as possible for as long as possible, but I'm starting to feel like this is low enough.

The sentiment that I get from potential adopters is that they are frustrated that they didn't get in early, and thus they have a negative feeling towards bitcoin and they just want to see it fail.

I'm hoping that this 285-275 level will hold steady for a couple weeks and then a gradual creep up. Back to 350 by Feb, maybe 400 by April?

I guess it doesn't really matter where the floor is, as long as we determine some kind of floor, some bottom price to give new participants some kind of relative confidence that there is at least some kind of support and if they decide this is not for them, at least they should have the feeling that if they balk and want to get out, that there is enough liquidity available for then to cut their loose without getting completely raped.

Current range is good enough for me, and I hope, good enough for any potential new clients.

IMO It's a nice entry point and at least at this level I would feel confident in recommending bitcoin to people after first explaining that there is still the downside risk, but the upside might be so much higher...

Only time will tell, best of luck wall observers, and good night.

I think you hit it on the head when you said most that want to see it fail or just hate BTC and want it to crash down are those that are pissed off they did not buy in at pennies on the dollar.

[ChartBuddy]

Explanation