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

[worldinacoin]

Is someone selling big?  It is now at $123.80!  Well if it drops to $50 I will sell everything even my clothes I am wearing and buy whatever I can!!

[niothor]

Is someone selling big?  It is now at $123.80!  Well if it drops to $50 I will sell everything even my clothes I am wearing and buy whatever I can!!

make that 122.45

[IG0BR0KE]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

Look at the posts yesterday... no mention whatsoever about a price drop.

https://bitcointalk.org/index.php?topic=178336.msg2333811#msg2333811 page 637 at this point most of the people are talking about a down

[ShroomsKit]

I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.

That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.

Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.

If only it wouldn't go up so fast.

Remember the price was $50 only a few weeks ago.

You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?

No, people just want to sound badass. It's the absurd attitude of "oh, i'm not afraid of price drops,it's food for me, I earn money with it".

It's pathetic indeed... noobs learn the hard way that trading is just a complicated way to loose money in the long run. Investing is a fundamentally different thing than trading. But those who know how to invest are just a tiny amount of people compared to the huge wave of dumb big mouth pseudo-traders.

It's absurd to look at a 120->50 drop as an opportunity to get 'cheap coins'. What are 'cheap coins'? Where is it written that bitcoins will worth much more than they do now even if they can drop to 50 every now and then? 50 usd might be extremely expensive coins if bitcoin goes down to 1 usd.

Look at the posts yesterday... no mention whatsoever about a price drop. someone dumps a huge amount of BTC on MtGox then suddenly everybody was expecting it and was just waiting for an opportunity to buy coins. Yeah, sure.
Funny thing no one even thinks about the perfect opportunity that the seller caught. There was a massive bid wall, whomever had a big amount of coins to sell could comfortably do it without seeing their order stretching over a 20 dollar wide price range beyond the trading price. It was nothing but the perfect timing to cash out to fiat if you had a big amount of BTC.

It's the same when the walls show up. Everybody is a market analysis specialist and is 100% sure of their stupid explanation of how every wall is 'obviously market manipulation'. I find it quite entertaining, just look at the market the last couple of weeks. Bitstamp wall is 2~3 weeks old and has held there with the price scratching it every now and then, MtGox wall gets consumed. Manipulation theorists could simply shut up, but they are already busy saying that they have always been bears.

I agree with a lot of this.

I also wonder, the same group of people who cry and yell CHEAP COINS!!11!!   !! when the price goes down 5 dollars how much do they actually buy? Do they buy 1000 coins, where it makes sense to wait for the price to drop a few dollars, or do they buy 10 coins. My guts tell me the latter.

How many big players do we have here screaming cheap coins every other week after a tiny price drop?

[worldinacoin]

At $122 it is not a crash, just a minor correction.  Doesn't seem like panic selling to me.

[ElectricMucus]

If it goes anywhere near 50 we plunge below it. A triple bottom just doesn't happen on these time scales.

[Zarathustra]

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

[rezurect]

[ElectricMucus]

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

The scientific consensus on quantum theory disagrees with you on that.

[worldinacoin]

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

With so much investment into Bitcoin recently, I seriously doubt it will crash.

[EuroTrash]

What's the reverse of up Up UP?

down Down DOWN? 

DOWN Down down

A song for you bears

http://www.youtube.com/watch?v=dCe6e23yIT8

enjoy the moment while it lasts

[wachtwoord]

Is someone selling big?  It is now at $123.80!  Well if it drops to $50 I will sell everything even my clothes I am wearing and buy whatever I can!!

Without clothes it get's kinda chilly dude

[worldinacoin]

Is someone selling big?  It is now at $123.80!  Well if it drops to $50 I will sell everything even my clothes I am wearing and buy whatever I can!!

Without clothes it get's kinda chilly dude

Well I can turn on my Bitcoin rigs .   They had been off for quite sometime now.

[niothor]

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

With so much investment into Bitcoin recently, I seriously doubt it will crash.

What investment?
Any proofs , besides what people say? Actual numbers?

There was a major scandal in the oil industry about African Petroleum  , they didn't find any oil but reported a huge find , just to raise their stocks and sell them away?
Why could it be different in the bitcoin world? People fail to raise the funds for their project , but go blabering around to keep the price up while they sell.

Look at this graph?
Does this look like a growing economy?
http://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7

[Zangelbert Bingledack]

People in this thread are so frickin' jumpy.

I suggest never looking at Bitcoinity at anything less than the 30-day scale, unless you're about to make a trade, and always look at the long-term charts afterward to maintain some perspective.

[rezurect]

Testing

[Jozzaboy]

People in this thread are so frickin' jumpy.

I suggest never looking at Bitcoinity at anything less than the 30-day scale, unless you're about to make a trade, and always look at the long-term charts afterward to desensitize yourself.

Good advice. I'm holding for this. If it goes to 0, I have a hell of a good story. Otherwise, every early adopter here will make massive returns on their investment.

[wachtwoord]

People in this thread are so frickin' jumpy.

I suggest never looking at Bitcoinity at anything less than the 30-day scale, unless you're about to make a trade, and always look at the long-term charts afterward to desensitize yourself.

Good advice. I'm holding for this. If it goes to 0, I have a hell of a good story. Otherwise, every early adopter everyone here will make massive returns on their investment.

FYP

[Zangelbert Bingledack]

Note that I didn't mean you shouldn't ever take profits. Just...people panic way too easily.

[worldinacoin]

Nothing's impossible. Bitcoin could be trading for $10, $50, $100 or even higher over the next few months.

That's wrong. Everything's impossible, except the one and only possible past and future. There is only one world. Possibilities are existing in our brains only.

With so much investment into Bitcoin recently, I seriously doubt it will crash.

What investment?
Any proofs , besides what people say? Actual numbers?

There was a major scandal in the oil industry about African Petroleum  , they didn't find any oil but reported a huge find , just to raise their stocks and sell them away?
Why could it be different in the bitcoin world? People fail to raise the funds for their project , but go blabering around to keep the price up while they sell.

Look at this graph?
Does this look like a growing economy?
http://blockchain.info/charts/estimated-transaction-volume-usd?daysAverageString=7

Just do a Google

http://online.wsj.com/article/SB10001424127887323687604578469012375269952.html
http://blogs.wsj.com/venturecapital/2013/05/14/lightspeed-anchors-bitcoin-startups-in-adam-drapers-incubator/
http://money.cnn.com/2013/05/18/investing/winklevoss-bitcoin/index.html

There are tons more....