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

[BitcoinDEDAF]

Jesus Christ this bitcoin shit is DEAD AS FUCK!
lol

Shit's ded biotch.

Last few pages is just Chart Buddy posting to itself!





http://www.smallbizsuccessproject.com/wp-content/uploads/2013/02/anybody-there.png

[JayJuanGee]

Support stacking under 260 - Only a significant wall visible before 265.

We might be going up, or the smart seller of late wants to cash a good dump.

Eth.

sellers blew their load at the friday night swamp ... pretty pathetic attempt at manipulation really.

I suppose that it is possible that sellers could run out of coins?

[BullTardLogic]

Support stacking under 260 - Only a significant wall visible before 265.

We might be going up, or the smart seller of late wants to cash a good dump.

Eth.

sellers blew their load at the friday night swamp ... pretty pathetic attempt at manipulation really.

I suppose that it is possible that sellers could run out of coins?

Sellers = they are always out of coins to dump
Buyers = they can't run out of fiat


With 3600 BTC mined a day and demand going to shit, yeah I'd say it's more probable sellers are out of coins than bulls out of fiat  

[YourMother]

Is bitcoin dead ?  




I thought that Wall Street was buying. It doesn't make any sense.

Cheap disruptive technology available on the markets, yet nobody wants it 

[ChartBuddy]

Coin
Explanation

[BlindMayorBitcorn]

Just out for a Sunday morning troll are we?

[itod]

Last few pages is just Chart Buddy posting to itself!

It's called "resetting the indicators", big movers putting the bots out of the way on the next big move, otherwise the bots may react too soon. This will and as 10%+ up/down move soon, just wait and see.

[inca]

I think what this price stability shows is that none of the vocal bears on here have enough coins to even push us down a single dollar.


edit: wall at 262 eaten.

[BlindMayorBitcorn]

I think what this price stability shows is that none of the vocal bears on here have enough coins to even push us down a single dollar.

I think they call it 'reloading'

[Dump3er]

I think what this price stability shows is that none of the vocal bears on here have enough coins to even push us down a single dollar.


edit: wall at 262 eaten.

[billyjoeallen]

I have very reasonable bids on 22 coins with no bear takers.What gives? Where's my weekend discount?

[BullTardLogic]

I have very reasonable bids on 22 coins with no bear takers.What gives? Where's my weekend discount?

http://www.hitmanforum.com/uploads/default/918/e94152c2d4e3d535.png

[macsga]

*snip*
LambTroll stuff

It was the same for us regulars back in 2013 (August-September). Then we went boom. What can I say? You're a special case, that's for sure. Starting a new account just to post the same trolling stuff? Looks like an automated process. Are you a bot? And if you are, can you please tell me... do you dream of electric sheep?

Thanks

[ChartBuddy]

Coin
Explanation

[12345mm]

kicking a dead horse becomes less fun when you get past the ribcage and have maggots all over your shoes ... anyone can see the dwindling volume and increasing gaps of time with 0 sells and 0 buys occurring across all the exchanges ... punctuated by the occasional obvious sudden short lived out of the blue pump (mostly done with desperate borrowed money / possibly done by the unregulated exchanges themselves with non-existent money ... yay fractional reserves ! ... gox2.0 in the making) ... if the daily mined coins were all sold on market each day , it'd pummel the price to single digits in a matter of months at best given global orderbook depth (and kill the mining business in the process) so we have to assume a lot of coins are being built up in miner reserves or sold off-book ... so you just know there's tons of coin piling up waiting to be dumped , either by miners or off-book buyers ... the market seems to be aware of this and is in a perpetual "waiting for the hammer to drop" mode ... current exchange value of ~$260 x 3600 coins per day x 365 days a year = $341,640,000 of *new money* required to consume supply and maintain price at where it is today , nevermind making the price actually go up ... and this assumes 0 selling by any of the heavyweight whales with 10s or 100s of thousands of coin ... do you think we'll get 1/3+ of a billion dollars in new money spent on btc this year (not VC on startups , 1/3+ of a billion $ on coins alone) and that no whales will liquidate any % of their stash ? ... yay math !

[itod]

kicking a dead horse becomes less fun when you get past the ribcage and have maggots all over your shoes ... anyone can see the dwindling volume and increasing gaps of time with 0 sells and 0 buys occurring across all the exchanges ... punctuated by the occasional obvious sudden short lived out of the blue pump (mostly done with desperate borrowed money / possibly done by the unregulated exchanges themselves with non-existent money ... yay fractional reserves ! ... gox2.0 in the making) ... if the daily mined coins were all sold on market each day , it'd pummel the price to single digits in a matter of months at best given global orderbook depth (and kill the mining business in the process) so we have to assume a lot of coins are being built up in miner reserves or sold off-book ... so you just know there's tons of coin piling up waiting to be dumped , either by miners or off-book buyers ... the market seems to be aware of this and is in a perpetual "waiting for the hammer to drop" mode ... current exchange value of ~$260 x 3600 coins per day x 365 days a year = $341,640,000 of *new money* required to consume supply and maintain price at where it is today , nevermind making the price actually go up ... and this assumes 0 selling by any of the heavyweight whales with 10s or 100s of thousands of coin ... do you think we'll get 1/3+ of a billion dollars in new money spent on btc this year (not VC on startups , 1/3+ of a billion $ on coins alone) and that no whales will liquidate any % of their stash ? ... yay math !

There's a concept of dividing your thoughts into paragraphs, to be easier to digest for the reader. Although in case of your rumblings I doubt it would make a difference.

[Spaceman_Spiff]

In fact, I think that the desire for "permanent wealth", that cannot be lost or lose its value, is as naive as the desire for eternal youth or eternal life...

How is the desire for eternal youth naive?

Before airplanes were built, it would be easy to call the desire for human flight naive, especially given the stupid first attempts (people attaching wings to their arms and jumping off buildings).  A real discussion should entail the feasibility or impossibility of something based on its properties, not just "it's something people have been wanting since forever, and they haven't accomplished it yet, therefore it is impossible and a stupid idea".

I am very curious as to your objections why eternal youthfulness would not one day (probably far into the future) be feasible.

[tarmi]

usd swaps going up again.   so some bull hoarded all the cheap swaps (0.1 %) and unloaded the expensive ones (0.14%).

but the problem is that to push this to 275 bulls will need additional milion or two. even if we touch it bears will short this like mofos, bulls will just borrow more money for nothing. they will just overextend themselves.

so good luck to them.

few weeks ago I said that 24 mil will be needed to break 300. I was wrong.

[ChartBuddy]

Coin
Explanation

[L0uis]

1 hour BBands narrowing.... that means it's gonna happen soon^tm