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

[samson]

Its still a long way down

[Feri22]

All deposits from people who want to buy the dip should have arrived by now. Buying pressure still seems ridiculously low compared to what we saw after the drop to $275 last year. I'm expecting another large drop this weekend. Will probably go short here. Maybe good news revealed during the Miami conference could save us though.

Obviously it's weaker the lower the price goes; Lower price means less money present and also interest. The bounces have been getting weaker and weaker ever since MtGox vanished. The only real explanation for the price dropping for more than a year is that fact (gox gone). Shorters will win all the way down to double digits. The world has had 6 years to be interested in a revolutionary technology and they are not interested. The little buys we are seeing now are people scared to death to miss out on profit, but there will be none. That's it.

When the world had 6 years internet already invented, nobody gave a shit about internet...in some places there are people learning what internet is even now in 2015...So..wtf are you talking about?

Why are you comparing btc to the internet? it's supposed to be a currency, are you saying that the internet is a currency?

i am saying the Bitcoin is currency of internet and also i am saying you are just a lame bear who is jealous he didn't get BTC when they were at 2 USD...everybody knows it

[ShroomsKit]

All deposits from people who want to buy the dip should have arrived by now. Buying pressure still seems ridiculously low compared to what we saw after the drop to $275 last year. I'm expecting another large drop this weekend. Will probably go short here. Maybe good news revealed during the Miami conference could save us though.

Obviously it's weaker the lower the price goes; Lower price means less money present and also interest. The bounces have been getting weaker and weaker ever since MtGox vanished. The only real explanation for the price dropping for more than a year is that fact (gox gone). Shorters will win all the way down to double digits. The world has had 6 years to be interested in a revolutionary technology and they are not interested. The little buys we are seeing now are people scared to death to miss out on profit, but there will be none. That's it.

When the world had 6 years internet already invented, nobody gave a shit about internet...in some places there are people learning what internet is even now in 2015...So..wtf are you talking about?

Why are you comparing btc to the internet? it's supposed to be a currency, are you saying that the internet is a currency?

I also fail to see the comparison.
And internet only grew from day 1, only limited by the amount of people who had access to it. 
It's nothing like Bitcoin.

[Feri22]

Its still a long way down

that is some big-ass bear market

[ssmc2]

http://americasmarkets.usatoday.com/2015/01/16/bitcoin-is-headed-to-the-ash-heap/

“Remember Bitcoin, asked widely respected money-manager Jeffrey Gundlach at DoubleLine Capital during his annual forecast with investors this week. “It’s pretty much on its way … to the ash heap of alternative currencies,” he told investors."

  We're very close to the bottom people.

[ShroomsKit]

Hundreds of times i had to read here how we needed to go down so everyone would started buying again. Now we're at 200 and as mentioned above nobody is interested. Time to face reality.
It's been 6 years. 6 years!

[obitoo]

  The little buys we are seeing now are people scared to death to miss out on profit (driven by fear instead of rationality), but there will be none. That's it.

and shorts closing, don't forget about them shorts closing

[ShroomsKit]

I personally picked up a lot of coins at the bottom and sold them again at 210-230. All that money now is going into silver and gold, just like the last few months. I'm already seeing crazy profits there.
Only a few delusional bulls are still buying coins because they think we will go up again. Poor guys.

[DaRude]

All deposits from people who want to buy the dip should have arrived by now. Buying pressure still seems ridiculously low compared to what we saw after the drop to $275 last year. I'm expecting another large drop this weekend. Will probably go short here. Maybe good news revealed during the Miami conference could save us though.

Yeah kinda interesting the "invisible hand" kept us bellow 200s, the question is if they overestimated the demand at this level. They let the price rise above 200 so that's kinda bullish. Guess that's a better way to dump then post one BTC500k btc wall  

[Feri22]

All deposits from people who want to buy the dip should have arrived by now. Buying pressure still seems ridiculously low compared to what we saw after the drop to $275 last year. I'm expecting another large drop this weekend. Will probably go short here. Maybe good news revealed during the Miami conference could save us though.

Obviously it's weaker the lower the price goes; Lower price means less money present and also interest. The bounces have been getting weaker and weaker ever since MtGox vanished. The only real explanation for the price dropping for more than a year is that fact (gox gone). Shorters will win all the way down to double digits. The world has had 6 years to be interested in a revolutionary technology and they are not interested. The little buys we are seeing now are people scared to death to miss out on profit, but there will be none. That's it.

When the world had 6 years internet already invented, nobody gave a shit about internet...in some places there are people learning what internet is even now in 2015...So..wtf are you talking about?

Why are you comparing btc to the internet? it's supposed to be a currency, are you saying that the internet is a currency?

I also fail to see the comparison.
And internet only grew from day 1, only limited by the amount of people who had access to do.
It's nothing like Bitcoin.

I am not sure but i think the bitcoin adoption goes actually faster than it was by internet...so no, bitcoin is not like the internet, it is growing much faster...

[ssmc2]

I personally picked up a lot of coins at the bottom and sold them again at 210-230. All that money now is going into silver and gold, just like the last few months. I'm already seeing crazy profits there.
Only a few delusional bulls are still buying coins because they think we will go up again. Poor guys.

Sounds like you should be on a PM forum instead of wasting your time talking about something that's dead.  

[Feri22]

Hundreds of times i had to read here how we needed to go down so everyone would started buying again. Now we're at 200 and as mentioned above nobody is interested. Time to face reality.
It's been 6 years. 6 years!

yeah, and it gained like 10000000000000000000000% in those 6 years...why do you say bitcoin is bad long term investment again?

[roslinpl]

This could be the beginnings of a great and glorious bullrun.

Selling now seems suicidal

What is "bullburn"?

Btw. Bulls are Bulls because they are bulls. And if you are ba true bull you will stay as a bull forever.

[WeltMaster]

I think most 1k bitcoin + holders don't see new lows possible any more, and a short sell very dangerous (if they've held before 2014)


This'll be a big fight either way, don't expect new lows, or even below 200 for very long without huge volumes.

Anybody with a margin short right now must be crazy.

What is "bullburn"?

Btw. Bulls are Bulls because they are bulls. And if you are a true bull you will stay as a bull forever.

Those short sells must be burning too right?

[ChartBuddy]

Bitfinex

Bitstamp

Explanation

[Tornate]

I just created a meme for you guys. 

[obitoo]

Anybody with a margin short right now must be crazy.

Yeah, proper crazy. 

https://ip.bitcointalk.org/?u=http%3A%2F%2Fs22.postimg.org%2Fo3ys3mvwx%2Fall_the_way_down.jpg&t=548&c=EcbWxFSahQ_YLg

[Tornate]

Anybody with a margin short right now must be crazy.

Yeah, proper crazy.  

I'm bearish, but MARGIN SHORT is dangerous with its margin call. Isn't it?

[ivyleague1985]

I think most 1k bitcoin + holders don't see new lows possible any more, and a short sell very dangerous (if they've held before 2014)


This'll be a big fight either way, don't expect new lows, or even below 200 for very long without huge volumes.

Anybody with a margin short right now must be crazy.

What is "bullburn"?

Btw. Bulls are Bulls because they are bulls. And if you are ba true bull you will stay as a bull forever.

Those short sells must be burning too right?

To shake out people who bought between $160-$200, bears at least need to dump to $150 to trigger stop losses and further dump to below $100 to trigger some additional panic sale.

But, does the benefits of dumping overweights the costs of dumping at this point?

And how much bitcoins can bears borrow now to dump?

And don't forget the whale, it would definitely squeeze the shorts, if such move brings more profit. Unless the whale is ideological against bitcoin without any consideration of profit.

[obitoo]

Anybody with a margin short right now must be crazy.

Yeah, proper crazy.  

I'm bearish, but MARGIN SHORT is dangerous with its margin call. Isn't it?

Depends on how all in you are i guess... my margin call is gonna be at 600, so....