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

[ManBearPig]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

[solex]

It's called a descending triangle. I don't think this is anything but noise, though.

Yes. That spike on May 10 now looks like it was purely technical. All the TA traders looking for a breakout, but the fundamentals hadn't changed to support it. Fair price at $115 until more news and major investment.

[notme]

$1M usd disappeared today from the order book.

We may see cheap coins soon  

The speculation game seems a lot like warfare.  Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?

All I know is that the $1m that was removed was at under $50 USD.

Could have removed it to wait and put it back in higher.

Or to spike the price with a market order.

[UltimateReaper]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

[Frozenlock]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Cheap coins? 

[samson]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.

It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.

[ChartBuddy]

[BitcoinAshley]

$1M usd disappeared today from the order book.

The speculation game seems a lot like warfare.  Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?
All I know is that the $1m that was removed was at under $50 USD.

Could have removed it to wait and put it back in higher.

Or to spike the price with a market order.

Or to spike the price with a market order, wait till it peaks, then send it crashing back down with another market order, hoping it overshoots $115. Someone's trying to get $105 coins

[notme]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.

It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.

Fuck calling a bottom, buy every x% down.  If you want to get a better price and trust there will be a lot more downward movement, increase the order size at each level.

[UltimateReaper]

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Cheap coins? 

Cheap coins 

[BitPirate]

$1M usd disappeared today from the order book.

We may see cheap coins soon  

We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?

^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.

[Frozenlock]

$1M usd disappeared today from the order book.

We may see cheap coins soon  

We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?

^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.

If 2011 did teach us something, it's there's always cheaper coins. 

[N12]

Most people here are new and don't remember.

[ChartBuddy]

[adamstgBit]

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

[solex]

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2!

[01BTC10]

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2!

Price went this low because market confidence was mediocre.

[Piper67]

$1M usd disappeared today from the order book.

We may see cheap coins soon  

We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?

^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.

If 2011 did teach us something, it's there's always cheaper coins. 

Nonsense. If 2011 taught us anything is that there's a window for cheaper coins, and if you miss it, you've missed it.

[adamstgBit]

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2!

Price went this low because market confidence was mediocre.

confidence was shot!

but at 1$ the Speculation forum, ecstatic!
and proudhon was still saying sell
lol

[ChartBuddy]