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

[damiano]

Think we might go near $200 in like 48 hours.

Not with this weak volume.

[bassclef]

A fool and his obvious stop losses are soon parted.

[SnokkomBTC]

Is this everything you've got bears?

[bitcoinvest]

what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

[billyjoeallen]

That was pretty weak

thanks for the coins @ 218

There are no traders dumping at this price. Any coins sold come from miners or more likely Bitpay vendors.

At the same time I'm not buying either, because I've already accumulated all the coins I want unless they get cheaper. Something's gotta give and all we can really do right now is wait.

[Fatman3001]

what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

Nobody wants a grexit, not even Syriza. But something has to give soon, if Greece gets IMF on their side it might be difficult for the creditor nations to resist some kind of debt relief, but what form and what size is impossible to know right now. If, however there is a grexit, some might decide to move their money into Bitcoin just make sure that neither the greek government nor the EU can get control over them.

[Morecoin Freeman]

Think we might go near $200 in like 48 hours.

Not with this weak volume.

I see some indications and patterns on the chart that tell me it should go somewhat low this time. I could be wrong though.

A lot of buy support around 210 and the volume is low at this time. So the dump might not go far.

[bassclef]

Think we might go near $200 in like 48 hours.

Not with this weak volume.

I see some indications and patterns on the chart that tell me it should go somewhat low this time. I could be wrong though.

A lot of buy support around 210 and the volume is low at this time. So the dump might not go far.

Volume is the only indicator you need.

[bad trader]

There are no traders dumping at this price. Any coins sold come from miners or more likely Bitpay vendors.

I'm pretty sure this was a bear raid or price pumpers dumping. No reason for a legitimate seller to suddenly dump when there are apparent large buys going on (on Bitstamp).

[YourMother]

Is this everything you've got bears?

Nah! We are waiting for our spiritual father, the best in the ponzi business, Satoshi Bearkamoto to start tanking it to abyss. He has that 30% dumping down the gutter signature.

[billyjoeallen]

what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

Nobody wants a grexit, not even Syriza. But something has to give soon, if Greece gets IMF on their side it might be difficult for the creditor nations to resist some kind of debt relief, but what form and what size is impossible to know right now.

Grexit will happen because there are three outcomes and grexit is the not the worst case scenario for either side. Possibilities:
1)Greek bank run with no bail-out leading to collapse of economy and government
2) Writedowns/write offs of Greek debt leading several other countries to re-negotiate austerity terms and massive losses to sovereign debt-holders.
3)  Grexit.

It's going to happen. The only real question is "when?"

[Fatman3001]

That was pretty weak

thanks for the coins @ 218

There are no traders dumping at this price. Any coins sold come from miners or more likely Bitpay vendors.

At the same time I'm not buying either, because I've already accumulated all the coins I want unless they get cheaper. Something's gotta give and all we can really do right now is wait.

It sort of looks like November/December, except there isn't anywhere to fall. I would think that 0 would be an absolute bottom. But I have been wrong before.

[bassclef]

There are no traders dumping at this price. Any coins sold come from miners or more likely Bitpay vendors.

I'm pretty sure this was a bear raid or price pumpers dumping. No reason for a legitimate seller to suddenly dump when there are apparent large buys going on (on Bitstamp).

Whale sells a small amount at market to incite panic/hit stops, lemmings sell into his walls = instant long position at lower average price than he would have gotten buying higher up, where he risks slippage and aggressive selling into his buying. At the same time it gives a false impression as to the direction of the market.

[razorramon]

@fatman. It makes no sense to talk about it anyway. I said it took me months to know what i know. I read in Every Direction. This is fucked. And i can assure You that giving the kiev leaders weapons will not soften that Problem.
Why are they the ukrainian leaders? Half of the country was not even allowed to vote

Nothing personal, but after months of reading you are further from the truth that you was before it. If you assume that you know absolutely nothing about EU, Germany, Greece, USA, Russia and Ukraine, you would be closer to the truth than you are now.

There are two prerequisites to reading about money/politics:
1. You have to assume that most of what you are reading is a lie. It can be the lie the author believes in himself, like it's with Marxism, Christianity or democracy, but it is lie nerveless.
2. You should be able to tell a lie from the truth. It's not that easy as it seems. You enemy are not outside only - your biggest enemy is your own desire to believe in what you want to be truth.

I can't tell about myself, but most of people lack these prerequisites and fall easy prey to all kinds of bastards, that feeding them with all kinds of lies, to get their money/support. I'm afraid, you are among their victims.

tl;dr; The books/articles you are reading are poisoned. Unless you are immune to poisons, just keep away from them!

I'm curious what books/articles you'd recommend, if there are any.

basically i start at heise.de/telepolis from there on i read faz, derstandard, sometimes derspiegel, guardianuk, time, the economist...from there on i read whatever right wing us stuff i find and to the opposite i read left wing stuff like freitag.de or rt...sometimes i read books that are recommended in the articles or in comments...depends on how useful i find it...most of the books i read are not directly connected to that topic and more about economics...of course there is a lot of propaganda why i focus not on rumors read as much different views as possible when something interesting happens...it's not that i take everything for the truth that i read...but when even people like angela merkel get curious why obama wants the EU to pay for weapon deliveries from the US to the Ukraine...well...then i should be curious as well...

[aztecminer]

We´re going down!

BULLISH!

omg everyone a chinese miner dump!

[bad trader]

I'm pretty sure this was a bear raid or price pumpers dumping. No reason for a legitimate seller to suddenly dump when there are apparent large buys going on (on Bitstamp).

Whale sells a small amount at market to incite panic/hit stops, lemmings sell into his walls = instant long position at lower average price than he would have gotten buying higher up, where he risks slippage and aggressive selling into his buying. At the same time it gives a false impression as to the direction of the market.

Yes, that's pretty much what I meant by bear raid.

[Fatman3001]

what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

Nobody wants a grexit, not even Syriza. But something has to give soon, if Greece gets IMF on their side it might be difficult for the creditor nations to resist some kind of debt relief, but what form and what size is impossible to know right now.

Grexit will happen because there are three outcomes and grexit is the not the worst case scenario for either side. Possibilities:
1)Greek bank run with no bail-out leading to collapse of economy and government
2) Writedowns/write offs of Greek debt leading several other countries to re-negotiate austerity terms and massive losses to sovereign debt-holders.
3)  Grexit.

It's going to happen. The only real question is "when?"

You are assuming that the EU or Greece will choose the less bad option. Ballsy!

A more likely reason why there can be a grexit is simply because everyone fucks up and are forced to accept a grexit that nobody wants. That would be politics european style!

[aztecminer]

what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

Nobody wants a grexit, not even Syriza. But something has to give soon, if Greece gets IMF on their side it might be difficult for the creditor nations to resist some kind of debt relief, but what form and what size is impossible to know right now.

Grexit will happen because there are three outcomes and grexit is the not the worst case scenario for either side. Possibilities:
1)Greek bank run with no bail-out leading to collapse of economy and government
2) Writedowns/write offs of Greek debt leading several other countries to re-negotiate austerity terms and massive losses to sovereign debt-holders.
3)  Grexit.

It's going to happen. The only real question is "when?"

the EU's new round of QE is a round of desperation. The problem seems to be that the greeks are publicly admitting they are bankrupt and they cannot pay their debt. If they continue the road they are on with austerities then the greek people will suffer for years and years and possibly even more years. If the greeks default then everyone holding their debt will lose. If the EU gives in to restructuring greek debt without austerities then other EU countries will want the same treatment. If the greek exit the EU then we will could start to see a stampede out of the EU by other countries facing the same problems. I think we are watching the start of the world economic crisis.

[billyjoeallen]

what is your opinion on grexit? is it going to happen? will they let us leave eurozone? and if so, will this affect the price of bitcoin?

Nobody wants a grexit, not even Syriza. But something has to give soon, if Greece gets IMF on their side it might be difficult for the creditor nations to resist some kind of debt relief, but what form and what size is impossible to know right now.

Grexit will happen because there are three outcomes and grexit is the not the worst case scenario for either side. Possibilities:
1)Greek bank run with no bail-out leading to collapse of economy and government
2) Writedowns/write offs of Greek debt leading several other countries to re-negotiate austerity terms and massive losses to sovereign debt-holders.
3)  Grexit.

It's going to happen. The only real question is "when?"

You are assuming that the EU or Greece will choose the less bad option. Ballsy!

A more likely reason why there can be a grexit is simply because everyone fucks up and are forced to accept a grexit that nobody wants. That would be politics european style!

The fuck-up is not knowing the difference between what you want and a realistic expectation. Greece is out. The disaster for the EU would be if Greece leaves and is better off as a result. Then you're going to see a great unraveling of your whole experiment. What you should want and hope happens is that Greece suffers mightily. It's the only way your other deadbeat countries will stay in line.

[ChartBuddy]

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