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

[aztecminer]

downtrend again, was good while it lasted

Nothing lasts forever my friend.

This is normal when we go up too fast and too quick.

After every up trend, there must be a correction wave and so on.

But don't worry, we will see the $300 mark soon.

Time and Patience

disagree that we went up to quick. obviously need an excuse and that is the easy excuse for the dumps.

[aztecminer]

230>270 - 270>230 repeat again and again 

Its all over but the crying now.

and the buying of more coins.

[abercrombie]

that dump be like...

[xxxxxzzzzz]

after every gain, there's *always* a pull back *always* a "correction" doooon't worry it's natural and expected - cough cough read "don't worry and hold your coins while others dump fuck the market as you sit with your thumb up your ass losing money and we take all of the available profits (possible only as a result of the artificial pump) and btw we'll be using those profits to eventually re-buy much much lower from where we crushed the market down, for the 10,000th time".

($14 down from yesterday's high point)

why don't we have a puking smiley ?

[doc12]

There should be a function here to autoignore all users with less then 50 posts.

[freebit13]

BITCOIN IS NOT A GET RICH QUICK SCHEME!!!1

[Sitarow]

[Asrael999]

roughly what was said at today's eurogroup meeting.

https://www.youtube.com/watch?v=7GSXbgfKFWg

Can you post a brief outline of what the main points were for those unable to view youtube at work?

Is a deal still on the cards and is the next big meeting tonight still on the agenda?

thats a clip from dumb and dumber

Those are as good as money sir, Those are IOUs.

In short they didn't provide any plan at all, they said they will provide a plan tomorrow "maybe".

[cyclotronmajesty]

http://www.theguardian.com/world/live/2015/jul/07/greek-debt-crisis-alex-tsipras-seeks-last-chance-deal-live

I think the best case scenario for Bitcoin is Grexit and a Russian or Chinese Creditor for Greece.
That would bring down the Euro thus increasing the value of Bitcoin and altcoins.

[aztecminer]

starting to look like a panic is happening... metals smashed, bitcoin smashed.. there may be blood in the streets!

[Dilla]

We are still in the $260s..... You guys are dramatic

[kaykawa]

downtrend again, was good while it lasted

Nothing lasts forever my friend.

This is normal when we go up too fast and too quick.

After every up trend, there must be a correction wave and so on.

But don't worry, we will see the $300 mark soon.

Time and Patience

disagree that we went up to quick. obviously need an excuse and that is the easy excuse for the dumps.

drachmas are dooomed, that's the "excuse".

USD : $1 |  EUR :$1.074

[SnokkomBTC]

starting to look like a panic is happening... metals smashed, bitcoin smashed.. there may be blood in the streets!

is this blood in the street?

1,5 %? lol

[madmat]

starting to look like a panic is happening... metals smashed, bitcoin smashed.. there may be blood in the streets!

Blood   

[aztecminer]

starting to look like a panic is happening... metals smashed, bitcoin smashed.. there may be blood in the streets!

is this blood in the street?

1,5 %? lol

i said "there may be blood in the streets" as in a possibility. as in short term near future. this is a smash down.. not a dump. keep your money in the system! do not try to cash out your portfolios.. keep your money in the bank.. DO NOT buy metals or bitcoin.

[kaykawa]

starting to look like a panic is happening... metals smashed, bitcoin smashed.. there may be blood in the streets!

is this blood in the street?

1,5 %? lol

bull blood in the streets

[LFC_Bitcoin]

We are still in the $260s..... You guys are dramatic

I just thought exactly the same thing, I hadn't checked the price in hours, I came straight into this thread & saw all the stupid memes & panic & thought 'shit what have we actually fallen down to'.........
I then check the price & see $266. Go home people there's nothing to see here

There is always a retrace after such a significant move upwards, relax people.

[ThatDGuy]

Exciting week for BTC so far.  Let's hit 280 today!

[DonQuijote]

Exciting week for BTC so far.  Let's hit 280 today!

why?
some chart ?

[JayJuanGee]

Will go down for multiple days imo.
I've been around long enough to recognise the patterns.

There is NO real pattern, here.   

BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures.  This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously.

The pattern is the magic number $266.

We might be stuck here for a while if nothing pushes it up quickly.

I kind of feel stuck too, but really, I have my doubts that we have a pattern, exactly because every point in history is different, and we have different market dynamics now, as compared with early 2015, when we were also stuck in the mid $200s...

Surely, I would like BTC prices to break out of this zone... but it may be a bit of a stretch to call our current price situation a pattern because it is very difficult to predict short-term future prices.

On the other hand, I think that it would be fair to say that there has been considerable downward price pressure in the last 18 months and in the past 6 months, there has been considerable difficulties to get BTC prices to stay below $220 for any sustainable period of time.  In this regard, it seems that there is more likely to be upward price pressures in the future... even though it remains possible that prices could be in the $200s territory for another 6-12 months.... I'm getting the sense that we are NOT going to have to wait 6-12 months for BTC prices to move into the $300s and to largely stay above $300.