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

[Brushan]

I meant a very bad sign pricewise. So you agree that it seems like we're going down?

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[Rampion]

I meant a very bad sign pricewise. So you agree that it seems like we're going down?

of course we are

[rpietila]

For the average Joe, Bitcoin is not any more a train about to leave the station.

Make that: "For the average Joe, Bitcoin is not yet a train about to leave the station."

- But it will be. If not this month, then the next. I called a 1-3 month consolidation in 100-120 area before a supermove up. We are right there even now, 4 weeks after the bubble burst. If I panic buy at 144 meanwhile, it is my own problem.

It has plenty of time to go to sub-$100 in May. Even as of this writing, there is $500k bid volume to 102, which is so pathetic that if I show a wall of 1k coins like I did yesterday, it will crash right here and now. It takes about 45 mins to send the coins.

[rpietila]

Okei jätkät, nyt mennään 

[MickeyT2008]

Which way it'll go now then?  Up or down?  How far?  Do Amazon sell crystal BTCalls?  

I definitely need one, this trading in reverse I keep doing is getting tedious....   

[Hawker]

I meant a very bad sign pricewise. So you agree that it seems like we're going down?

of course we are

I've sold at 109.5 and bought back at 107.2 once already this morning.  It seems to me that we are bouncing randomly rather than heading down.

[Awhut]

By my estimation we have not left the consolidation pattern. I do not see why we would break 95 as this would be a reversal of the pattern.

[Jaques]

Okei jätkät, nyt mennään 

meaning?

not the text, the link ...

[crazy_rabbit]

For the average Joe, Bitcoin is not any more a train about to leave the station.

Make that: "For the average Joe, Bitcoin is not yet a train about to leave the station."

- But it will be. If not this month, then the next. I called a 1-3 month consolidation in 100-120 area before a supermove up. We are right there even now, 4 weeks after the bubble burst. If I panic buy at 144 meanwhile, it is my own problem.

It has plenty of time to go to sub-$100 in May. Even as of this writing, there is $500k bid volume to 102, which is so pathetic that if I show a wall of 1k coins like I did yesterday, it will crash right here and now. It takes about 45 mins to send the coins.

please do then!
EDIT: Wow there is 160K BTC being transfered through many 500BTC sends right now with a very cryptic message embedded "one chinese sb which love 8". 

Whats up with that? No way that much could be sold at once. Right? *gulp*

[phantastisch]

Okei jätkät, nyt mennään 

meaning?

not the text, the link ...

Relayed by a finnish node. They are his coins?

[jl2012]

For the average Joe, Bitcoin is not any more a train about to leave the station.

Make that: "For the average Joe, Bitcoin is not yet a train about to leave the station."

- But it will be. If not this month, then the next. I called a 1-3 month consolidation in 100-120 area before a supermove up. We are right there even now, 4 weeks after the bubble burst. If I panic buy at 144 meanwhile, it is my own problem.

It has plenty of time to go to sub-$100 in May. Even as of this writing, there is $500k bid volume to 102, which is so pathetic that if I show a wall of 1k coins like I did yesterday, it will crash right here and now. It takes about 45 mins to send the coins.

please do then!
EDIT: Wow there is 160K BTC being transfered through many 500BTC sends right now with a very cryptic message embedded "one chinese sb which love 8". 

Whats up with that? No way that much could be sold at once. Right? *gulp*

No, it's just the same 500BTC sending back and forth

For "one chinese sb which love 8", SB is a Chinese slang literally means "stupid puxxy". In proper English, that means: "A Chinese fool who loves the number 8".

[Jaques]

ok, ready to dump;

https://blockchain.info/de/address/13wyH3qzCpR8t72qpWg1Sk51wsQEdtVTtM

fasten seatbelts!

 

you have been warned/advised

[stereotype]

Is this for real?........

http://www.ebay.co.uk/itm/10k-CHNCoin-NOT-Bitcoin-Litecoin-Feathercoin-just-launched-last-week-/221224003871?pt=UK_Coins_World_RL&hash=item3381fa691f

[ChartBuddy]

[crazy_rabbit]

Is this for real?........

http://www.ebay.co.uk/itm/10k-CHNCoin-NOT-Bitcoin-Litecoin-Feathercoin-just-launched-last-week-/221224003871?pt=UK_Coins_World_RL&hash=item3381fa691f

thats off topic.

[Acidman]

All I see are vaginas... do I go in or pull out?

[smoothie]

All I see are vaginas... do I go in or pull out?

to the left

[Rampion]

For the average Joe, Bitcoin is not any more a train about to leave the station.

Make that: "For the average Joe, Bitcoin is not yet a train about to leave the station."

- But it will be. If not this month, then the next. I called a 1-3 month consolidation in 100-120 area before a supermove up. We are right there even now, 4 weeks after the bubble burst. If I panic buy at 144 meanwhile, it is my own problem.

It has plenty of time to go to sub-$100 in May. Even as of this writing, there is $500k bid volume to 102, which is so pathetic that if I show a wall of 1k coins like I did yesterday, it will crash right here and now. It takes about 45 mins to send the coins.

I grant you the bolded part. I think we all agree that long term Bitcoin will be huge - the truth is that we are all bullish about BTC at the end of the day, which is normal because this is bitcointalk.org

We just differ on short-term moves, on which is the top or bottom for the next few days, or weeks… I have to agree with you that it seems that we will not have such a pronounced decline as in 2011, and the recovery will also be faster. Heck, I even think that we won't go below $50 again - that's pretty bullish in my book, considering that in January we were below $20. I don't know if consolidation will be 2-3 months or 6 months, but it definitely doesn't looks like an entire year of decline + another full year for consolidation like we had after the burst of the 2011 bubble.

In 2011 a lot of people screamed "PONZI!!" and turned their backs to BTC. A lot of people thought Bitcoin was gone for good. It seems to me that now the mentality is much different: people knows Bitcoin is here to stay, and it's just a matter of WHEN the next growth cycle will start.

[Rampion]

Both ask sum and bid sum creeping up, the latter faster than the former. Interesting situation. Bulls vs. bears battle ahead.

[Ares]

For the average Joe, Bitcoin is not any more a train about to leave the station.

Make that: "For the average Joe, Bitcoin is not yet a train about to leave the station."

- But it will be. If not this month, then the next. I called a 1-3 month consolidation in 100-120 area before a supermove up. We are right there even now, 4 weeks after the bubble burst. If I panic buy at 144 meanwhile, it is my own problem.

It has plenty of time to go to sub-$100 in May. Even as of this writing, there is $500k bid volume to 102, which is so pathetic that if I show a wall of 1k coins like I did yesterday, it will crash right here and now. It takes about 45 mins to send the coins.

I grant you the bolded part. I think we all agree that long term Bitcoin will be huge - the truth is that we are all bullish about BTC at the end of the day, which is normal because this is bitcointalk.org

We just differ on short-term moves, on which is the top or bottom for the next few days, or weeks… I have to agree with you that it seems that we will not have such a pronounced decline as in 2011, and the recovery will also be faster. Heck, I even think that we won't go below $50 again - that's pretty bullish in my book, considering that in January we were below $20. I don't know if consolidation will be 2-3 months or 6 months, but it definitely doesn't looks like an entire year of decline + another full year for consolidation like we had after the burst of the 2011 bubble.

In 2011 a lot of people screamed "PONZI!!" and turned their backs to BTC. A lot of people thought Bitcoin was gone for good. It seems to me that now the mentality is much different: people knows Bitcoin is here to stay, and it's just a matter of WHEN the next growth cycle will start.

The fact that Paypal, moneygram, and western union are all "looking at bitcoin" will put pressure on each of them to be the first to pull the trigger for obvious reasons. Once that happens any consolidation period will end abruptly. With the aforementioned pressure, I don't see it taking more than a month or two for one of them to get in the game in one way or another because the advantage of being the first in will be massive.

Then there's the whole China ordeal which may or may not amount to anything spectacular, but if nothing else, will make Bitcoin even more enticing to entrepreneurs and established large businesses.

my mBTC.02