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

[nioc]

FML I was this close to getting out at $780. But noooo, I had to be at work on Friday only to find out after I get home the price had plummeted below $700. This action is like a sick joke, taunting me. Oh well, I waited a few years, what's another few weeks (assuming the halvening affects the price positively)?

You're delusional if you believe of a rapid price change on the day of the halvening

Just like passing the event horizon of a black hole you will feel nothing yet what will happen afterwards is inevitable.

[DaRude]

FML I was this close to getting out at $780. But noooo, I had to be at work on Friday only to find out after I get home the price had plummeted below $700. This action is like a sick joke, taunting me. Oh well, I waited a few years, what's another few weeks (assuming the halvening affects the price positively)?

You're delusional if you believe of a rapid price change on the day of the halvening

Just like passing the event horizon of a black hole you will feel nothing yet what will happen afterwards is inevitable.

I thought you'd get burned up by all the light that's suspended there that cannot escape?

[savetherainforest]

It is 06:00 ( AM ) in China ... stuff must happen!

[ImI]

that DAO/ETH fuck up completely killed the momentum

[smoothie]

Let the weak hands sell.

[Globb0]

Friendly ghost forming!

[nioc]

FML I was this close to getting out at $780. But noooo, I had to be at work on Friday only to find out after I get home the price had plummeted below $700. This action is like a sick joke, taunting me. Oh well, I waited a few years, what's another few weeks (assuming the halvening affects the price positively)?

You're delusional if you believe of a rapid price change on the day of the halvening

Just like passing the event horizon of a black hole you will feel nothing yet what will happen afterwards is inevitable.

I thought you'd get burned up by all the light that's suspended there that cannot escape?

https://www.youtube.com/watch?v=_8bhtEgB8Mo

Sean Carroll is amazing.  It's almost 90 minutes and I've watched it twice.  Cryptography is even mentioned in the first minute, hi Alice and Bob.

[yefi]

Heh, isn't it just.

[ImI]

that DAO/ETH fuck up completely killed the momentum

When ethereum launched you could see in vitalik's eyes there were going to be fuck ups. I thought they would only affect ethereum, but they seem to have affected bitcoin both positively and negatively. Immediately after the hack it was positive for bitcoin, but the ethereum dead cat bounce afterwards was negative for bitcoin.

its bad because it brings back old and very painful memories for the btc community. woithout this mess we would be talking right now if btc is able to get over 1000 or not, but so? i dont know but the halving will have no immediate effect and a real halving rally wont happen with just a few days left, so that thing is already done.

[PoolMinor]

Remember, we cannot have a cup and handle pattern without actually making a handle. People shouting oh noes, we need this dip in order to finish the handle (this formation was inevitable).

[podyx]

[Fatman3001]

[thrax]

that DAO/ETH fuck up completely killed the momentum

When ethereum launched you could see in vitalik's eyes there were going to be fuck ups. I thought they would only affect ethereum, but they seem to have affected bitcoin both positively and negatively. Immediately after the hack it was positive for bitcoin, but the ethereum dead cat bounce afterwards was negative for bitcoin.

its bad because it brings back old and very painful memories for the btc community. woithout this mess we would be talking right now if btc is able to get over 1000 or not, but so? i dont know but the halving will have no immediate effect and a real halving rally wont happen with just a few days left, so that thing is already done.

This screenshot from an automated technical indicator site says it's a strong buy on the week and month scale, so things might not be as bad as they appear. The indicators aren't always correct but it's something to consider.

And yet it's still a Strong Buy:


http://www.investing.com/currencies/btc-usd-technical?period=week&cid=945629

[Mrpumperitis]

http://www.coindesk.com/us-government-to-sell-44000-btc-in-final-silk-road-auction/
44,341 BTC, to be sold, will go on sale from 12:00 UTC to 18:00 UTC on November 5, 2015

1  month before Auction oct 5, 1btc $240
1 day before auction nov 4, 1btc  $504
On auction days...$360 then within days back to $299


Now
3 weeks before auction $440s
3days before auction $780


Australia to auction $11.5 million confiscated bitcoins ... The sale will take place on June 20-21 2016 and involve 24,518 coins
http://www.reuters.com/article/us-bitcoin-auction-australia-idUSKCN0YL091

Dump could take us back to $500s then quick recovery due to the fiat issues getting worse every week.

[BlindMayorBitcorn]

Bitcoin is NOT a joke.

[Fatman3001]

Bitcoin is NOT a joke.

It sure is funny though

[BeefUsher]

Weak hands...

[BlindMayorBitcorn]

Weak hands...

[strawbs]

Remember, we cannot have a cup and handle pattern without actually making a handle. People shouting oh noes, we need this dip in order to finish the handle (this formation was inevitable).

Absolutely, except that there would need to be a much larger drop for it to be considered to be a handle

[podyx]

Pull back to $640 and then dropping to $530. Or maybe we'll see a bottom at 580?