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

[BitPirate]

Sentiment seems good here. Hopefully this means, this time, we don't roll over as soon as we see a $10 gain.

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[Coinseeker]

[Miz4r]

This rally needs a good warming up first, I don't expect 120 to fall in the next couple of hours already. We'll probably hang out between 117-119 for a while until a big buyer decides enough is enough and gobbles up the wall.

[Coinseeker]

This rally needs a good warming up first, I don't expect 120 to fall in the next couple of hours already. We'll probably hang out between 117-119 for a while until a big buyer decides enough is enough and gobbles up the wall.

Not really a "rally" then is it? 

[Coinseeker]

The validity of your statement will indeed be tested in due time, however it is already crystal clear that no facts were provided as backing for said assertion. 

This is Bitcoin, there are no facts.  Only speculations.

[dexX7]

Not really a "rally" then is it? 

May I ask which position you hold and what your prediction for the next hours and days is?

[Pale Phoenix]

This is Bitcoin, there are no facts.  Only speculations.

There are a few facts. One of which is that your Ignore indicator is looking more and more jaundiced.

[vortex1878]

Stop quoting Coinseeker. You should have learned by now. Thank you.

[Coinseeker]

Not really a "rally" then is it? 

May I ask which position you hold and what your prediction for the next hours and days is?

I've got BTC stored to go long plus fiat to buy in case of some crazy drop. Overnight I speculate we'll correct back to the 114-115 range and settle down.  I have no idea about the coming days.  As someone else said sentiment seems positive, so without any big negative news, I see no reason for a huge drop.  If things hold, there actually could be a genuine rally in the coming days.  This sure isn't it though. 

[ChartBuddy]

[adamstgBit]

Drop off at 120?

edit: and lol

bitcoin is unstoppable!

[Coinseeker]

bitcoin is unstoppable!

Yup, so was the Titanic...of course...until it wasn't.   

[BitcoinAshley]

Yes, because Mark Karpeles filling out a form wrong to save a quick buck is a structural impairment of the magnitude of the defective bolts that were used to fasten the steel plates together on the side hull of the Titanic. And is also an errant strategic maneuver of the magnitude of the captain deciding to turn sideways rather than hitting the iceberg head on.

You bears are so great at analogies

If Fiat has lasted this long, with its laughable fundamentals, Bitcoin's survival will be a piece of cake.

[bobdude17]

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  

Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

[josiahgarber]

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  

Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

It seems like someone would have to have deep pockets to purposely create stability, but I could see that I guess.

[josiahgarber]

I think we'll see some interesting price action this weekend during the conference.  Not sure why I feel that way, but I do.

[BitPirate]

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  

Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

[bobdude17]

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  

Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

I think it would be waaaaay worth it. Even if the  investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.

I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.


Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.

[BitPirate]

Buy Bitcoin while you still can. The price is being be held stable by big money for the Silicon Valley conference. The price will soon explode upwards.

TBH that just does not sound right to me, unless someone is trying to prevent a drop in price. In which case, we should be concerned.
No VC in his right mind will be looking at BTC without looking at price charts, on which this week long relative stability means nothing.

Can't see anyone at the conference having a problem with rising prices  

Good point. But I think this started before MtGox bad news and all the recent good news, so that they could show investors what a future stable bitcoin would look like. Even though rising prices would excite everyone, it might look like a bubble to some investors. The most attractive thing you could show big companies at this point would be a model of future stability.

Of course, these are my guesswork conclusions. We'll see what happens.

Artificially manipulated "stable" market? Investors would spot it, and it's the last thing they would want. I don't think anyone will seriously waste their money doing this.

I think it would be waaaaay worth it. Even if the  investors could spot it, it wouldn't matter, they would understand the need to present a professional looking product. A conglomeration of big money could hold the market steady, make Bitcoin look professional, and then make billions by letting the reigns go and watch all the corporate panic buying ensue.

I mean c'mon, why throw a huge conference in the middle of Silicon Valey with the risk of the price absolutley tanking in the middle of your presentation. Everybody looking at their cellphones...No way they would take that risk. Very worth the money.


Has the recent price stability felt natural to anybody? I don't think so, not with all the drama the past week. Bitcoin has reacted for more violently on less news.

C'mon, it's just an impasse between buyers and sellers, most of the time with low volume. There is more than one exchange and people all around the world simultaneously either investing or getting cold feet.

[ChartBuddy]