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

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[inca]

Look like the avalanche is set to fall..

Still just a pretty pathetic 3000 coins to 300.

[JorgeStolfi]

PS. I suppose you view those funds as good things.  Well, I have a very negative opinion of them: they are trying to sell bitcoins as 'safe fabulous investments' to people who do not understand what bitcoin is, and therefore do not understand the risk.

In fact, I believe that the funds are even riskier than bitcoin itself.  See SMBIT suspension of redemptions (withdrawals).  Have you read the "risks" section of the Winkles' filing?

[inca]

PS. I suppose you view those funds as good things.  Well, I have a very negative opinion of them: they are trying to sell bitcoins as 'safe fabulous investments' to people who do not understand what bitcoin is, and therefore do not understand the risk.

In fact, I believe that the funds are even riskier than bitcoin itself.  See SMBIT suspension of redemptions (withdrawals).  Have you read the "risks" section of the Winkles' filing?

Have you read the GLD prospectus?

[Stevenirving]

Price is jumping around super fast.

[Elwar]

Any word on when the ETF is likely to happen?

I predict early 2016 at this point. Unless they have to re-file yet again.

[ShroomsKit]

Price is jumping around super fast.

That's normal behaviour for a pump and dump alt coin.

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[YourMother]

This is what you call a frustrated bull. Trying to give the impression that the coin is pumping. We'll meet at 250, you abortion!

[hmmkay]

About 80% bearish posts per page, excellent.
Soon™

[inca]

This is what you call a frustrated bull. Trying to give the impression that the coin is pumping. We'll meet at 250, you abortion!

Even a cursory glance at the chart shows a complete retracement of the earlier dump on finex and stamp.

[Mervyn_Pumpkinhead]

Slowly switching from denial to fear. Couple of weeks ago, denial was the dominant sentiment, now we are also seeing fear, with only some still holding on to denial.

[inca]

<doomer alert>

Let me guess, you are wearing a placard saying, 'the end of the world is nigh (sell bitcoin)'?

[Wekkel]

Slowly switching from denial to fear. Couple of weeks ago, denial was the dominant sentiment, now we are also seeing fear, with only some still holding on to denial.

I am afraid I concur with your assessment.

[JamesBrown]

Slowly switching from denial to fear. Couple of weeks ago, denial was the dominant sentiment, now we are also seeing fear, with only some still holding on to denial.

Correct, I see it in myself as well.

[luckygenough56]

even at capitulation, there will be denial

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[samson]

Slowly switching from denial to fear. Couple of weeks ago, denial was the dominant sentiment, now we are also seeing fear, with only some still holding on to denial.

Correct, I see it in myself as well.

There's nothing magic about $50+ making it the absolute bottom.

Just because it stopped around $50 in April 2013 doesn't mean it will again.

There's a whole different bunch of people playing the game today.

[luckygenough56]

plus if it falls below 100, most likely an alt will take over before another btc bubble

it is slowly dying until Ethereum comes out, coincidence ?

[dakota neat]

There's nothing magic about $50+ making it the absolute bottom.

Just because it stopped around $50 in April 2013 doesn't mean it will again.

There's a whole different bunch of people playing the game today.

Looks like we are at euphoria stage of bear market.