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

[toknormal]

You are way too premature with an assessment that the bullrun is done

+1

People must stay calm and monitor events.

[pleaseexplainagain]

Maybe this is all Fake News about China and banks... designed to drive down price, buy cheap, and drive price back up by saying China Bank is ok with Bitcoin  

the dump was done as the daily candle changed

manipulation  

exactly i have not slept past 20 hours. continuous watching of the graphs from all exchangers on different screen. it seems that only huobi graph is manipulating everywhere. this graph used to be the highest now its the source of freefall. its interresting to know how many people are still holding and how many have abandoned the ship. i feel a major part of " i am still hodling" posts are mostly people who have sold and are now praying for a rise. r people who are so stressed that they dont have any nails left to bite.

there is a huge manipulation from huobi. i am guessing like someone pointed out earlier that they are crashing the market so that their activities look " on point" which also means they have manipulated a lot of the pump and dump recently.

the chineese regulation is certainly something to watch but i feel we are in a "bubble bust" once again and this time it will take a lot of time to recover back not even to the ATH but to stable $800 - $900.. forget about crossing $1000. the way the graph is appearing right now does not show a sign of correction and not even something stable for a few days. every 6 to 10 hours there is a $60-100 drop in the price..

all we can do is wait and watch. and all i can say to those who bought higher is to remember that we have seen fall and rise. just hold on your coins and dont panic sell, it will make the market more frenzy and crash more. i am holding 10,000 bitcoins currently, (which i can sign a few 500-1000 btc addresses to prove that i am still holding and not selling or panicking)

its high time we take the market away from the chineese manipulators.

let the revolution begin.

we had gox before which was not Chinese. we know that it is 'wild west' inside most exchnages with fake data, insider use of info etc. So all this is nothing new and it may continue like this for some time.

all you can do is make a guess when the manipulators bump the price as to where it may end up afterwards. we have had bigger % drops before eg when we went from$30 to $2 and $1100 to $250. My bushmans guide is to expect the drop after the pump to be about half of what the drop was last time. since the 2013 drop was about 75% I expect this to be about 40%. that makes it about $660 but in a range of +/- $100.

Eevn if it drops to say $300 for a while buying coins now at about $660 now will soon seem cheap again as the lowest price in any year seems to be about double what it was the year before.

[yefi]

Well I sure as hell can't be bothered to wait another 3 years for things to get back to bullish. In Jan 2014 I thought it might take 6 weeks  

I'd be quicker learning the violin to concert standard for kicks.

I can. Let the leaves fall, the chattering birds depart, and the winter frost freeze over all hope.

[rokkyroad]

I think this is going to get uglier than it already is. And I know ugly.   .... cue Dangerfield:

"I was so ugly, my mother used to feed me with a slingshot!"

[toknormal]

Look at this. What self-preserving trader gets out of a market like that at a right angle ?

They must need the coins.

[MinermanNC]

I think this is going to get uglier than it already is. And I know ugly.   .... cue Dangerfield:

"I was so ugly, my mother used to feed me with a slingshot!"

That's great! lol Dangerfield  miss that old kook

But lets hope it doesn't get that ugly now 

[toknormal]

Latest Bill Holter doom porn.

Maybe that'll improve things

[osmotic]

This could be a double bottom provided the PBOC doesn't do anything else.

[European Central Bank]

T%his could be a double bottom provided the PBOC doesn't do anything else.

they haven't done anything apart from being sensible. it's the twitchy assholes on the exchanges who've pulled this off. there'll be plenty more to come.

[Punisher1314]

Headless chickens have been all killed after FUD
Now only stands 1 bear vs lots of bulls..

[Killerpotleaf]

bitstamps itbit btc-e

not setting the new low commanded by the chinese overlord.

its like there giving them the middle finger


or... the market makers there are just flat out of ammo to panic with.

[alphahacktivist]

this was a stupid move.

1st drop was obvious
2nd was shorters
then stability
and finally whoever that idiot is ( i found 6 movement of 1000 btc balance which were dormant since 2011-2013, there may be more)

[alphahacktivist]

http://putlockers.ch/watch-banking-on-bitcoin-online-free-putlocker.html

meanwhile

[jbreher]

Wow, I ate a big bag of shit today. Got wiped out.  I guess that's what you get when you get overconfident.

Truly sorry to hear it.

[K~Ehleyr]

Yeah, I'm in negative equity now too. It's all cool though, it can only go down so low before it goes up, and when it goes up I'll be happy that I bought more coins while it was falling. It's all good 

[Killerpotleaf]

bitcoinity 24hour period spans 950 -750

but its doesn't feel so bad after 2 beers 

[lightfoot]

This is the reason I am hesitant to change my prices for miner repairs: I'd rather try to be a stabilizing element by pricing service in bitcoin instead of dollars.

But it does mean all repairs are on "sale"....

[Killerpotleaf]

at the end of the day we'll have segwit we'll have LN we'll have bigger blocks, and an up and coming script lang. and we'll have PBOC watching price  

[mymenace]

top out about 1000-1050

dropping to 750-800

averaging out about the magical $888 signifying the Chinese triple fortune numerology conspiracy theory

for rocket ships and moons to start appearing

has the full correction kicked in and now the move to $888 for consolidation, then moons and rockets, lets wait and see

[BlindMayorBitcorn]

If the price keeps going down, I'll keep reallocating funds to buy more.

For how long? To what end?

If those are not trolling questions, then what is?    Should be pretty clear what Jimbo is attempting to accomplish, even though it may be fair to ask whether some one would buy all the way down to zero, if there was such a move towards zero..

Hey dancing pants. Bite me.