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

[billyjoeallen]

There's not much blood on the streets...yet. Sometimes I wonder if smallblockers are intentionally hampering progress so they can buy as many coins as possible on the cheap.  Then sometimes I wonder if they just want to destroy bitcoin.

I'm not buying back in until it goes lower than the $260s where I sold most at and I don't care if it NEVER gets there.  I still have my cold storage stash. I can lend out my fiat with zero exchange rate risk.  I can keep the profits from my short on the MMM pump.

The only other reason I would buy back in is if blocks get larger than 1MB. Then I'm back in 100%, no matter what the price is.

Enjoy watching the value of your portfolios plummet, bulls.  If you get wiped out, blame the cripplecoiners.

[Wolf Rainer]

Desending triangle. Fuck you OKCOIN you fucked all as.

[Frost]

Time to sleep... this will most likely drop below 300 when I wake up.

[ChartBuddy]

Coin

Explanation

[Cconvert2G36]

There's not much blood on the streets...yet. Sometimes I wonder if smallblockers are intentionally hampering progress so they can buy as many coins as possible on the cheap.  Then sometimes I wonder if they just want to destroy bitcoin.

I'm not buying back in until it goes lower than the $260s where I sold most at and I don't care if it NEVER gets there.  I still have my cold storage stash. I can lend out my fiat with zero exchange rate risk.  I can keep the profits from my short on the MMM pump.

The only other reason I would buy back in is if blocks get larger than 1MB. Then I'm back in 100%, no matter what the price is.

Enjoy watching the value of your portfolios plummet, bulls.  If you get wiped out, blame the cripplecoiners.

Tweet from Garzik today:
https://twitter.com/jgarzik/status/662283289043030016

[Fatman3001]

Just woke up. I regret it.

[Mervyn_Pumpkinhead]

http://cointelegraph.com/news/115562/biggest-bitcoin-exchange-okcoin-suffers-cyber-attack-price-plummets

Well.. damn..
Looks like the operators of Willy2.0 already gave up and Willy won't be returning after all. I was hoping for a run to at least 1000$, before the money that fueled the pump will mysteriously disappear from one of the Chinese exchanges.
If this is true, then damn you, I was hoping that you were brave men like Karpeles, not wimpy cowards that give up so soon. Let's hope that another white knight will emerge who will cut his veins to feed the hungry.

[MinermanNC]

Time to sleep... this will most likely drop below 300 when I wake up.

Same here... sleep! but I think there is still room for some optimism. 

[Fiat_Hodler]

looks like the resistance holds up...looks very bullish atm...i think we will go up now

wow some of the posters here are seriously trying to delude others. Things do not look good, price does not look stable, yes it may go up but thats not because "things look good" if anything things look bad, really bad.... loads of people are in the red and want to get out, who exactly is going to buy ? the fake volume bot in china?

[cbeast]

After 7 years Bitcoin is still unwelcome as a currency and a poor store of value. Until something wonderful happens, the bears will keep winning until first mover advantage is insignificant and irrelevant.

[orpington]

[freedomno1]

After 7 years Bitcoin is still unwelcome as a currency and a poor store of value. Until something wonderful happens, the bears will keep winning until first mover advantage is insignificant and irrelevant.

We always need to keep hope alive, at the least we can take solace in that for better or worse the Bears will always be around as long as Bitcoin is still worth talking about.

[cbeast]

After 7 years Bitcoin is still unwelcome as a currency and a poor store of value. Until something wonderful happens, the bears will keep winning until first mover advantage is insignificant and irrelevant.

We always need to keep hope alive, at the least we can take solace in that for better or worse the Bears will always be around as long as Bitcoin is still worth talking about.

Well, at least trade volume is higher than ever.
edit: besides, honeybadger.

[orpington]

yay! bitcoin is climbing!

[ChartBuddy]

Coin

Explanation

[Fiat_Hodler]

yay! bitcoin is climbing!

DO NOT GO FOMO IF THE PRICE RISES BY $5-20 AND THINK YOU WILL SEE $500 TODAY OR THAT YOU WILL MISS THE TRAIN. CHINA HAS STOPPED PUMPING SO BEFORE YOU PLACE YOUR BETS/LEVERAGE WAIT FOR THE MARKET TO SETTLE... YOU WILL NOT MISS THE TRAIN, AND THE SMALL RISES ARE CALLED BULL-TRAPS:

DEFINITION of 'Bull Trap' A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.

https://en.wikipedia.org/wiki/Bull_trap

[Mervyn_Pumpkinhead]

Well, at least trade volume is higher than ever.
edit: besides, honeybadger.

http://www.coindesk.com/honey-badger-tells-that-he-has-not-been-involved-with-bitcoin

The honey badger released a statement through his spokesperson today, that he isn't and hasn't been involved with the virtual currency Bitcoin.
He released the following statement:
"I am deeply worried that my good and trusted name has been dragged through mud with the infamous cryptocurrency. These lies are directly damaging my good reputation and should be stopped immediately!"
When asked if the honey badger is considering taking legal action against the majority of bitcoin holders, then the spokesperson replied:
"We hope that it won't come to this and Bitcoin holders will just sthap what they're doing".

[coinpr0n]

Kraken pushing daisies again and convenient timing as always. I love 'em but they've really not held up at all these days.

[marcus_of_augustus]

yay! bitcoin is climbing!

DO NOT GO FOMO IF THE PRICE RISES BY $5-20 AND THINK YOU WILL SEE $500 TODAY OR THAT YOU WILL MISS THE TRAIN. CHINA HAS STOPPED PUMPING SO BEFORE YOU PLACE YOUR BETS/LEVERAGE WAIT FOR THE MARKET TO SETTLE... YOU WILL NOT MISS THE TRAIN, AND THE SMALL RISES ARE CALLED BULL-TRAPS:

DEFINITION of 'Bull Trap' A false signal indicating that a declining trend in a stock or index has reversed and is heading upwards when, in fact, the security will continue to decline.

https://en.wikipedia.org/wiki/Bull_trap

sounds like you are in a permanent state of fiat beartrap of your own making.

[hdbuck]