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

[sasha35625]

Bitcoin is no longer an investment vehicle, which I find to be all right. If you call it money then it can't really be used as an investment. What happened to Bitcoin at MTGOX times is a black swan and a fluke, what happens now is the way it should be.
Current BTC price easiliy supports current BTC transaction volume, no fundamental reason for it to grow. Merchant adoption will lead to sell pressure and can be good for the price only in the long run.

[gkv9]

as per what people used to write on the forum few weeks ago, to wait for the 14th of april, i was wishing the price would rise. but apparently its going on the reverse side. its not going to rise soon, and since 2016 is going to be another halving, i think we might be in for a good duration of low price for bitcoins.

True, so we should take it as an opportunity and be happy instead of crying about the price being low if you haven't bought any at higher prices I guess...

[damiano]

220 resistance is strong, or the whe is just playing

[tarmi]

220 resistance is strong, or the whe is just playing

 

dont be fooled, again.

[damiano]

220 resistance is strong, or the whe is just playing

 

dont be fooled, again.

Just observing. 

[adamstgBit]

220 was predicted to be the point of no return for a long squeeze, here we are, longs are down a bit but no squeeze, but there doesn't seem to be much buying pressure, sure theres a fair amount of buying, but no one is willing to buy it UP, and why should they.. its not like price is gana pop over 300 and never look back anytime soon...

what goes down keeps going down... FOREVER!

[LFC_Bitcoin]

What are the bears going to do when they've destroyed bitcoin?

Something can't be profitable when you've killed it.

[8up]

what goes down keeps going down... FOREVER!

^The Truth

[tarmi]

220 resistance is strong, or the whe is just playing

 

dont be fooled, again.

Just observing.  

 

leveraged long at 225. another dump unlikely.

the road to rock bottom is a painful one.

[Wandererfromthenorth]

220 was predicted to be the point of no return for a long squeeze, here we are, longs are down a bit but no squeeze, but there doesn't seem to be much buying pressure, sure theres a fair amount of buying, but no one is willing to buy it UP, and why should they.. its not like price is gana pop over 300 and never look back anytime soon...

what goes down keeps going down... FOREVER!

It's normal, don't worry 

It's happening.  Longs are going to get margin called.  @ 224 right now!

The funny thing is that the majority of longs will not close anytime soon. They will close only if when it goes in the 100s or double digits. Like it happened on the downtrend before the $150 crash, the real long squeeze happened relatively near the bottom.

It's like a lot of longers don't close as price goes down and stay severly underwater for a long time until they are margin called completely. Don't know what they are thinking tbh

Ergo: real fireworks will start in a few weeks in the 100s.

[sAt0sHiFanClub]

as per what people used to write on the forum few weeks ago, to wait for the 14th of april, i was wishing the price would rise. but apparently its going on the reverse side. its not going to rise soon, and since 2016 is going to be another halving, i think we might be in for a good duration of low price for bitcoins.

True, so we should take it as an opportunity and be happy instead of crying about the price being low if you haven't bought any at higher prices I guess...

Best comment so far. Bitcoin is finding its realistic price. Once that's established, it can grow organically as it becomes used more widely.

Once the mad speculators are squeezed out, it might start making some sustainable growth. But at what price that bloodletting ends we cant be sure. I'm thinking $170

[sAt0sHiFanClub]

What are the bears going to do when they've destroyed bitcoin?

Something can't be profitable when you've killed it.

Its not about destroying bitcoin. Its about shaking out the ones who think bitcoin owes them a living. 

[WeltMaster]

I just don't understand how bitcoin can't be more than $3 billion marketcap

How can we be this bearish so far after 2013?

There has been nothing but good news since

[AlexGR]

There is also a bright side: Annual inflation, at these rates, will require just <300mn USD per year. If price was ~1000 USD or 10000 USD right now, it would take 1.3bn - 13bn just to keep price level.

Ideally you want coin distribution to be done as cheaply as possible, in order to not drain investment capital and then you proceed with the "pump" when inflation is not an issue or a lesser issue.

If you pump while coin distribution is still in place, and it's proceeding at a fast rate, then you need too much money to sustain the price.

We'll see what the price does a few months after the next halving...

[gbianchi]

I just don't understand how bitcoin can't be more than $3 billion marketcap

How can we be this bearish so far after 2013?

There has been nothing but good news since

fractional-reserve inflation at work:

https://bitcointalk.org/index.php?topic=945881.0

[adamstgBit]

I just don't understand how bitcoin can't be more than $3 billion marketcap

How can we be this bearish so far after 2013?

There has been nothing but good news since

china ban,  russia ban,  mtgox implosion, 51% mining pool, stamps hot wallet hacked, sites going POOF with all the users deposits, virtex calling it quits...

theres been plenty of bad news, for outsiders looking in, shit is hitting the fan over here in bitcoin land.

[WeltMaster]

Let's all just go to the Winchester, have a pint, and wait for this to blow over.

[LFC_Bitcoin]

I've got a decent stash of BTC.
If we plummet to the floor I'm going to cut my looses & spend it all on the dark web on narcotics.
Kamikaze bitcoin end.

[ChartBuddy]

Coin
Explanation

[serpicodk]

One thing that I miss on this board, no one says OMG cheap coins!