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

[arepo]

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

that seems to be where we're heading:

[1714151018]

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[1714151018]

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[solex]

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

that seems to be where we're heading:

Agreed. Those weekly candles clearly show the market stabilizing after a buying ramp which got out of control. Personally,I expect a slow climb from $100, perhaps regaining the $266 high, and keeping it, by the end of this year.

- I could not care less if it crashed to $10;

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

[rpietila]

- I could not care less if it crashed to $10;

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!

[stereotype]

this means bullish for the long-term, which i can agree with. unfortunately we are severely short-term overbought, are in the midst of a minibear, and are encroaching on an extremely important mid-term support. if you really want the market to do what you want, take your cash and put a wall at $120, else we'll possibly crash right through later today.

Well, since I think the number of bitcoins is important, and not the price of them:

- I have already invested all I have, in bitcoin; a BTC500 worth of puts written is the most I can do today.

- I could not care less if it crashed to $10; probably I would just work a little more (to earn more bitcoins as I can earn more per hour), and spend a little less time just living luxuriously for the testimony (which is the more expensive, the lower USD/BTC rate is, as costs are measured in dollars).

I will soon go to the spa wing. Nobody bit the offer for cheap puts

I nearly bit. Whats the current put price/fee?

[Rampion]

- I could not care less if it crashed to $10;

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!

Whatever man, maybe at that spa you will develop a new coin that will fullfil your delusion of grandeur 

[Krabby]

- I could not care less if it crashed to $10;

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!

Whatever man, maybe at that spa you will develop a new coin that will fullfil your delusion of grandeur 

Tell me when he does, I would love a coin from my favourite speculator.

[stereotype]

- I could not care less if it crashed to $10;

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!

Whatever man, maybe at that spa you will develop a new coin that will fullfil your delusion of grandeur 

"delusion of grandeur " I love that phrase. I used it on a past girlfriend once. Being the narcissist that she was, she didnt have a clue what it meant!

[mp420]

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

In late 2011, I thought we'd never see prices below $4. But we did.

I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.

[arepo]

I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.

far too much demand, at this point... deflation is kicking in.

[N12]

I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.

far too much demand, at this point... deflation is kicking in.

Dollar deflating against Bitcoin.

[wachtwoord]

I see single digits as a very real possibility in the next few months, although bottoming between $10 and $30 is more likely.

far too much demand, at this point... deflation is kicking in.

Dollar deflating against Bitcoin.

Fiat never deflates.

[N12]

Tell that to the Japanese.

[zemario]

A lot of people selling. Right on time while I wait for my wire transfer to process.


Now everybody calm down and.... PANIC. Sell sell sell sell sell.

[meanig]

I do. Because if it ever got to that price again then it would be due to a major disaster with the Bitcoin protocol.

If the Bitcoin protocol goes beyond repair, we will develop a new coin, and the party will continue. I go to have a bath in the spa and then some dinner, see you in 2 hours!

It is called LTC.

Bitcoin is Litecoins test trial.

When BTc got forked LTC users were not effected.

I thought Litecoin changed its name to Feathercoin.

[el_rlee]

I once bought some ltc, then sold it again because I didn't even find how to print a paper wallet for the long - run.

[Zangelbert Bingledack]

I once bought some ltc, then sold it again because I didn't even find how to print a paper wallet for the long - run.

http://liteaddress.org/

[Krabby]

A lot of people selling. Right on time while I wait for my wire transfer to process.


Now everybody calm down and.... PANIC. Sell sell sell sell sell.

Who let you out of BTC-E...

[fitty]

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

that seems to be where we're heading:

Time frame?

[arepo]

Markets are strange beasts, they like to thoroughly sample every price up and down, lots and lots of times.

The market explored the area $90-$95 very well, (just like before the April 11th peak). It then shot from $97 to $135 very quickly. Although it has explored back to $125 quite well, it has not done the region $97 to $125 since. It seems like it wants to spend time in that range, at least around $115, before the next main trend kicks off.

that seems to be where we're heading:

Time frame?

you should be able to estimate from the scale of the triangle -- so before the end of the week.

[Jaroslaw]

Wall at 120$ will be eaten today just like this: