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

[explorer]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be better both for the Greece and the Euro.

  That does not preclude bank runs, nor the collapse of the EU.  Or the deflation of NATO for that matter.  Contagion and dominoes.  One triggers the next.

What has this to do with NATO? And how something that makes both economies healthier leads to bank runs and collapse of the EU? Have you ever studied the Iceland financial recovery which Greece is imitating?
http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.html

From what I have read, bank runs are a reality, now.  The EU is in dire straits as it is, and cannot continue long in its present form.  The abandonment of NATO by European countries is very possible.  They need Russia and China more than they need the US, and they might even come to realize that fact before Washington forces them into war. 

[1714667217]

1714667217

[explorer]

What has this to do with NATO?

Nothing.
These boards encourage amateur arm-chair conflation of disparate knowledge. Or put another way, 2+2=47   

You so clever mathematician!

[fonzie]

and why do you sound much more desperate than me? i have no problem with price going down...then i'll buy more
but it looks like you have a real problem with price going up...did you short below 200?

 

Keep averaging down (aka adding to a losing position).

[samsonn25]

Support/Resisitence


200

150

132

[itod]

7 days until the Euro crashes. Can't wait.

I'm assuming you are referring to the troika's demand that Greece submit a bail-out plan that they will not submit, prompting a Greek Gov't shutdown and a massive bank-run. 

What non-senses are you people writing here? What Gov't shutdown? Bank-run?!? I have a feeling you know the situation as you are from Mars. There's 0 chance of Government shutdown, they have a brand new Gov't less then a month old which got elected with massive support announcing that it will do exactly what it is doing now. If Greece leaves the Euro-zone it will be better both for the Greece and the Euro.

  That does not preclude bank runs, nor the collapse of the EU.  Or the deflation of NATO for that matter.  Contagion and dominoes.  One triggers the next.

What has this to do with NATO? And how something that makes both economies healthier leads to bank runs and collapse of the EU? Have you ever studied the Iceland financial recovery which Greece is imitating?
http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.html

From what I have read, bank runs are a reality, now.  The EU is in dire straits as it is, and cannot continue long in its present form.  The abandonment of NATO by European countries is very possible.  They need Russia and China more than they need the US, and they might even come to realize that fact before Washington forces them into war. 

1) false, 2) some truth - but generally false, 3) false, 4) can not be determined/irrelevant to the situation

Don't believe whatever you read in press, specially biased ones. Wishful thinking never makes good base for making decisions, financial or any other kind.

[razorramon]

i can afford it...still no problem there

[razorramon]

Support/Resisitence
200
150
132

you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)

[Afrikoin]

Any uptrend you can see in bitcoin's price history looks exactly like a textbook penny stock pump&dump.
The 2011 bubble, the two 2013 ones.

They are bubbles, not healthy sustainable uptrends.

Bitcoin looks like a mega bubble that bursted that can be divided by 3 smaller bubbles/pump&dumps, the second one ended up pumping way higher than the first one, the third one ended up pumping way higher than the second one but now retraced completely returning to the second bubble levels.


Doesn't look like something anybody in his right mind should put money in, currently. And that's ignoring the fundamentals, which are pretty bad by themselves...

Only bitcoiners consider bubble/P&D cycles as "natural behaviour and growth of a promising investment".

Like this 6000 year bubble?




Penny stocks die off because eventually because they fail the 'long term test'. Bitcoin has a lot going for it long term.

[Wary]

Have you ever studied the Iceland financial recovery which Greece is imitating? http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.html

According to the article: Krugman, an admirer of Iceland's dramatic comeback, has recommended a similar policy cocktail for other nations in crisis.

Well, listening to Krugman's advices is the way to success:

-By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's. (c)Krugman.

-Bitcoin is evil. (c)Krugman.

[samsonn25]

Support/Resisitence
200
150
132

you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)

Thats around where we are at now, but the 210-215 is not as important as the 200-205, under 200 would be HUGE

[razorramon]

as long as you dont break 215 and 210 (tried and failed) everything else will remain your dream

[razorramon]

as long as you dont break 215 and 210 (tried and failed) everything else will remain your dream

i mean bears burned 25k btc yesterday...and we are 3 usd down and it is the same amount of btc down to 200 as yesterday

[samsonn25]

as long as you dont break 215 and 210 (tried and failed) everything else will remain your dream

i mean bears burned 25k btc yesterday...and we are 3 usd down and it is the same amount of btc down to 200 as yesterday

By bears I am assuming you mean people who are deliberately shorting to make price decline. 

This is different than holders who are selling coins they have bought or acquired, that is the law of supply and demand.  They buy at one price and sell at another regardless of their reason for profit or loss whatever it may be.   And if there are more sellers than buyers at a certain price that means price is adjusted down to attract the correct level of buyers to even the price and stop the decline.

[ChartBuddy]

Coin
Explanation

[noma]

Support/Resisitence
200
150
132

you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)

Thats around where we are at now, but the 210-215 is not as important as the 200-205, under 200 would be HUGE

Huge for what buying ?

[Elwar]

Even if Greece leaves the EU it won't be an immediate domino affect, it's not like other countries will see it the next day and decide to leave. They will have to go through their own government procedures and votes and all of that. The confidence in the Euro will take a hit though.

[razorramon]

that would be true on a regulated and much larger market...we were forced down to this level with hunting stop losses, a fud campaign, and all kinds of manipulation
you are still here to fud this down...some more desperate than others...but this is not supply and demand...this is who has the bigger purse to begin with...but with the last FAILED attempts at least some of you did shut up...and maybe rethink to change position

[samsonn25]

Support/Resisitence
200
150
132

you missed 215 (2 failed tries in 1 week)
and 210 (2 failed tries in 1 month)

Thats around where we are at now, but the 210-215 is not as important as the 200-205, under 200 would be HUGE

Huge for what buying ?

Buying or selling.  If buyers cant defend that line its a whole underworld under 200.  Conversely if sellers cant break that level is will verify the very strong support at that level and price is easier to increase to higher levels above 200.

[samsonn25]

that would be true on a regulated and much larger market...we were forced down to this level with hunting stop losses, a fud campaign, and all kinds of manipulation
you are still here to fud this down...some more desperate than others...but this is not supply and demand...this is who has the bigger purse to begin with...but with the last FAILED attempts at least some of you did shut up...and maybe rethink to change position

I think you are diluted with this conspiracy theory about the market manipluation.

Basic market theory.

Its all about the money and the amount of sellers versus buyers. 

If you put up 3 billion and kept on buying as other people sold, the price would never go down.  The fact that there are not enough people to buy at a certain price means they dont want to pay that price or think it is worth less.  If you think the price should be higher you should buy and support the current level.   The only sellers would be those existing and a percentage of the coins mined every day.  Not to mention alot of the existing old stash coins are in cold storage.

[vearns]

I cannot believe the price is now at 216 range.

Last time it was around 280++

Sighh........