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

[Rampion]

Team red is running low on ammo, folks...

[mccorvic]

Well, how ever the batttle plays out the freakin' Gox lag plays in the hand of the bears....

Feathercoin is where everyone should but their money for safe keeping! (Buw-ahahhahah I can't keep a straight face, can I?)

[underground_]

Team red is running low on ammo, folks...

Nope. Just getting started. 

[mccorvic]

Team red is running low on ammo, folks...

I fear you spoke a few seconds too soon.

If there's lag, I always assume the bears have the upper hand.  It always seems to work out that way.

[NamelessOne]

Team red is running low on ammo, folks...

Running low on ammo eh?

[seleme]

124 was probably great price to sell, haven't got my funds available but I'd definitely sell at that point (if not even earlier, lol)

[SlipperySlope]

Significant volume on this hourly red candle amplifies the importance of this movement. Will volume increase next hour?

[SAQ]

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

[NamelessOne]

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

They took it down to 115 in the last couple minutes. What charts are you looking at? 

[Rampion]

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

They took it down to 115 in the last couple minutes. What charts are you looking at? 

Man, they took it down to 115, but it doesn't seem they have enough bullet to even test $100 ATM.

[NamelessOne]

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

They took it down to 115 in the last couple minutes. What charts are you looking at? 

Man, they took it down to 115, but it doesn't seem they have enough bullet to even test $100 ATM.

Yes, perhaps so, haha, but 115 is different than 120, and I was simply noting that. 

[Jaques]

For 1btc to be worth $300k, it would mean that bitcoins has a market cap of 330 trillion dollars. That is, 330 trillion dollars would need to be spent in buying bitcoins. That is not going to happen. Not this year, not this decade, probably not even this century unless we get an American Zimbabwe.

completely wrong ...
there is something you do not understand

imagine;

if there were only four coins;

- one never traded
- one sold/bought @ 1$
- another @ 20$
- and the last one @ 300$

-> final market-cap 1200$
-> "invested" money 321$
-> thin air 879$ (nearly 3/4 of market-cap)

got me?

I was always wandering if people know hat market-cap really means

[SAQ]

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

They took it down to 115 in the last couple minutes. What charts are you looking at? 

I didn't mean just touching it, I meant make the price hover around some lower point than 120.

But yeah its around 117 - 118 now. Still, I sense bear weakness and bulls holding ground.

[elux]

I didn't mean just touching it, I meant make the price hover around some lower point than 120.

But yeah its around 117 - 118 now. Still, I sense bear weakness and bulls holding ground.

http://www.reddit.com/r/SilkRoad/comments/1ds1bo/dpr_is_the_fucking_boss/

[EuroTrash]

Team red is running low on ammo, folks...

Nope. Just getting started.  

Here's my points

1. Gox is still the price setter. Not bitstamp nor btcchina. Gox still rules (unfortunately).
2. No fresh money has arrived on Gox yet. It is late night over there after 5 days with banks closed.

So if bulls have run out of ammo and bears too - which is likely so after 5 days with no fresh money coming in - mostly pigs are still trading, chaotically battling over a few coins. In these conditions price has to fall slightly*.
Because dollars are silently being peeled by Gox fees at every change of hands of every single satoshi.

Comments anyone?  

* EDIT: for the next few hours I mean. After that I have no idea what will happen.

[seleme]

Lol

We gone from 80 to 125 in 2 days and bears can't even take it down to 120.

Can't profit from this war though, so can we have a winner and do these movements within some boundary.

They took it down to 115 in the last couple minutes. What charts are you looking at? 

Man, they took it down to 115, but it doesn't seem they have enough bullet to even test $100 ATM.

When did you become a bull? 

108-125 was in 24h, 125 to 115 in 20 minutes though.

[SAQ]

I didn't mean just touching it, I meant make the price hover around some lower point than 120.

But yeah its around 117 - 118 now. Still, I sense bear weakness and bulls holding ground.

http://www.reddit.com/r/SilkRoad/comments/1ds1bo/dpr_is_the_fucking_boss/

Nice. Silk Road fully up.

It seems to me things are heating up for the next leg up to 135.

Will it be this evening or tomorrow though?

[cedivad]

Manipulator... Everyone in this thread is a manipulator.

[xorglub]

As Eurotrash said, the rice is not going to sink straight to the bottom. Patience...

Though the fact so many of us here expected this dump, may have a dampening effect.

[NamelessOne]

As Eurotrash said, the rice is not going to sink straight to the bottom. Patience...

Though the fact so many of us here expected this dump, may have a dampening effect.

I agree, the rice never sinks straight to the bottom, it always seems to float for a bit!