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

[Lauda]

i think we stuck at 265-270 until christmas  

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

[hdbuck]

i think we stuck at 265-270 until christmas 

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

the longer it stagnates, the more bears will wake up.

[Fatman3001]

BTC-E is pushing up the rear. Up?

[noobtrader]

i think we stuck at 265-270 until christmas 

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

the longer it stagnates, the more bears will wake up.

thats good, bear can fuel the next rally then 

[hdbuck]

i think we stuck at 265-270 until christmas 

Not necessarily, but this is still much better than going down again. Let's hope that the price is going to hold a while at around $265. That would definitely be nice for a change.

the longer it stagnates, the more bears will wake up.

thats good, bear can fuel the next rally then 

or at some point, better cash in some profits.

then business as usual: rinse and repeat.

[ChartBuddy]

Coin

Explanation

[ChartBuddy]

Coin

Explanation

[tarmi]

Usually the second attempt to break the resistance is weaker and leads to dumping.

[ChartBuddy]

Coin

Explanation

[r0ach]

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

The auctions don't really negatively or positively affect price.  If anything, they will positively affect it after someone gets a huge stash then tries to manipulate it up.

[ChartBuddy]

Coin

Explanation

[Fatman3001]

I'm not an anrcho-capitalist-liberal-libertarian-anti-corporation-anti-statist... but, if you want to know why I think Bitcoin is important and why it's wise not to use your own name in every blimmin account on the internet, in the name of "being honest, being real". Especially sites like Twitter, Facebook, Google, et al.

Well here it is: http://brettpthomas.com/online-porn-could-be-the-next-big-privacy-scandal.html

Porn is, of course, a saucy subject. But I might not want my business partners, or people I have dealings with, to have immediate access to all my opinions on economics, Israel-Palestine, Animal Cruelty, and so on. Even my Star Trek Movie rankings is probably best lost in the great sea of stupid opinions.

We have a whole generation of kids who are thought to be "careful with the internet", but at the same time are strongly encouraged to sign every daft thought or picture with full name and address. People are going to get hurt by this.

[gentlemand]

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

I don't think auctions are a factor any more. And people make too many excuses for the time of year. Post Christmas it's 'everyone's broke, wait till spring.' Come spring 'It's the summer soon. Sell in May and go away. Maybe we'll see something in October/November'. Now 'it's Christmas soon. No one's spending.'

Going on that we have a 3-4 day window in late September where there are actually any people attending the Bitcoin market.

[marcus_of_augustus]

wall on itBit needs some observing.

[ChartBuddy]

Coin

Explanation

[billyjoeallen]

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

The auctions don't really negatively or positively affect price.  If anything, they will positively affect it after someone gets a huge stash then tries to manipulate it up.

and you don't think they will try to manipulate it down prior to the auction?

[ImI]

wall on itBit needs some observing.

true, seems like some volume to be seen there

[Elwar]

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

I don't think auctions are a factor any more. And people make too many excuses for the time of year. Post Christmas it's 'everyone's broke, wait till spring.' Come spring 'It's the summer soon. Sell in May and go away. Maybe we'll see something in October/November'. Now 'it's Christmas soon. No one's spending.'

Going on that we have a 3-4 day window in late September where there are actually any people attending the Bitcoin market.

The auction does tend to move the price up and down due mainly to uncertainty.

Fortunately though, this is the last one. That should clear the way afterwards for an upward direction.

[noobtrader]

i'd love to see my stash worth more but realistically there are bitcoin auction in Nov, then Dec is holiday season.  i dont really think we will break 300 soon.

btw i hope i was wrong.

I don't think auctions are a factor any more. And people make too many excuses for the time of year. Post Christmas it's 'everyone's broke, wait till spring.' Come spring 'It's the summer soon. Sell in May and go away. Maybe we'll see something in October/November'. Now 'it's Christmas soon. No one's spending.'

Going on that we have a 3-4 day window in late September where there are actually any people attending the Bitcoin market.

The auction does tend to move the price up and down due mainly to uncertainty.

Fortunately though, this is the last one. That should clear the way afterwards for an upward direction.

auction certainly move the price down a bit, ppl will wait for auction result before buying imho, i agree that should clear the way afterwards for an upward direction after the auction.

[tarmi]

there won't be any results, just usual post auction slow dump. 

also, a lot of mtgox coins left to be auctioned off.