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

[S3052]

People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one.

To be honest, pretty much everyone knew the conference would a big "nothing". (In terms of important announcement)

yes, this is right. not a single conference in my 3 years with bitcoin had any meaningful price effect. better focus on technical analysis...

[Frozenlock]

People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one.

To be honest, pretty much everyone knew the conference would a big "nothing". (In terms of important announcement)

yes, this is right. not a single conference in my 3 years with bitcoin had any meaningful price effect. better focus on technical analysis...

Yeah, the Bruce Wagner experience was quite a cold shower for me.

"It's going to be the best thing evaaaaar!" ---> Nothing happens.

[kickinyou]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? (learning )

[ElectricMucus]

Bruce Wagner experience ...

Max Kaiser

[Abandon]

I'm all in and fully leveraged, all safeties disengaged, all engines ready to go! The buy wall is building up, the sell wall is flailing to and fro -- takeoff imminent.

Way too bullish. . but we'll see, tomorrow.

[samson]

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

it was also mentioned.. that google trends folows the price .. not the other way around

I agree entirely which kind of proves my point.

After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.

If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.

That's because the recent price rises are purely speculative and will run out of steam.

[Frozenlock]

That's because the recent price rises are purely speculative and will run out of steam.

Gee, so sure of yourself.

At least use "it might".

[Its About Sharing]

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

it was also mentioned.. that google trends folows the price .. not the other way around

I agree entirely which kind of proves my point.

After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.

If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.

That's because the recent price rises are purely speculative and will run out of steam.

Well, this early in BTC's progress, it pretty much is all speculation, no? And at the same time fairly good size amounts investments and $$$ are coming in. Pretty big and well respected VC's are saying BTC is HUGE. There are hundreds of millions of $$$ to be saved by using BTC over paypal, visa, mc, ae, western union, etc. The list goes on and on, and I guess you can say speculation, but that is like saying AOL at $5 a share was speculation. It was and so what? The writing was/is on the wall, can read it?

[samson]

That's because the recent price rises are purely speculative and will run out of steam.

Gee, so sure of yourself.

At least use "it might".

It's a speculation post in the speculation forum so 'it might' is kind of implied in all posts as nobody can tell what is going to happen before it's happened.

If a new rally starts on Tuesday I'll jump aboard as well but I still think it's going down much lower in the long run.

[lysr]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? (learning )

We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

[Its About Sharing]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? (learning )

We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? 

[ChartBuddy]

[TheKoziTwo]

11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap

[Dumbastronaut]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

We are going down this time.
People bought btcs because of anticipation of a "big announcement" in the conference which finally turn out to be a lackluster one. Expect more massive dump on the way to 110 where the rally began.

so there is no reason to feel safe for the backupp?

my thinking about the monday cash will come in is wrong ? (learning )

We failed several times to break resistance near 125 despite all the conference hype and "good news". Chance we touch 125 again is low, $120 isn't cheap, buying now is like gambling for a marginal profit. If you bought earlier @ around 110, you still have room to hold a little longer. Not to say we just had a strong downward breakout of a descending triangle which is a bearish signal.
Just giving my prediction... I might be wrong though.
Feel free to test the market and your own prediction.

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better? 

+1

[hubbabubbabaker]

$120 isn't cheap? 11 million shares and a global economy that we are only hoping to get a small fraction of a percentage of ? $120 is VERY cheap when you factor in the market, incoming VC money, low float, affect on currency/monetary policy, etc. We are talking about a revolutionary game changing technology. Can you come up with something better?  

[Frozenlock]

[Richy_T]

will we see a down this Monday morning or will it go up?

what do the majority thinking?


i see that we have good support back to 115 and upp to 126$ its 8400 ,

how things have gone in the other modes at this situation after the weekend?


Edit: i thinking , transfer from banks arrives on monday and new money coming in to buy ?,,, if you have money on like mtgox you can always sell but you cant buy if you dont have som cash hanging around ??

or do i think wrong please help

Mediocre rise, possibly masked by noise?

[oda.krell]

Google trends shows the real interest in Bitcoin.

It was mentioned every few days in the run up to $266 but it's not mentioned so much lately.

Here's why :

it was also mentioned.. that google trends folows the price .. not the other way around

I agree entirely which kind of proves my point.

After the $266 peak in the google trends chart it just went down, there was no additional interest following the crash when the price bounced from $50 to about $166 and then continued downwards again.

If google trends follows the price it should have shown increased interest after the $266 peak but it didn't, not one bit.

That's because the recent price rises are purely speculative and will run out of steam.

Seriously? We are still doing this silly Google Trends thing?

Alright, if that's how we play it:




Quick, sell every last Euro you own!!!

[cedivad]

Actually, the google trends is a good indicator. As of now, we are still above the searches per day we did when we first reached 100$ (1th of April), and the price is stable above 100$.
That, IMO, is a healthy indicator.

[relm9]

I don't think you can extrapolate any rise or fall in price from Google Trends. When someone hears about something for the first time, of course their first instinct will be to scour the internet for information, after that you don't go around searching it daily.