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

[Its About Sharing]

People who went "all in" at 50 do care.

I'm all in and I don't give a shit. I will fall and raise with BTC 

Ideology is clouding your judgment.  Selling high and buying more of what you believe in lower, is a smarter move.

In fairness, I believe he sold 20% off as he saw this down move coming...

Oh, I was just commenting on the one statement.  Who rides it down, when they could sell and buy back more?  Then again, to each his/her own.  How's that for alter ego.   

Ah, my bad. As far as your alter ego, it is confusing me as time goes on. The last few days you showed your human side and actually seemed to be supporting BTC while it went down??? (Who are you and what have you done with Coinseeker?) There is still hope for you! I'm waiting for your inspirational side.
But, good news, we are seemingly all getting along better here.

[1715027478]

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[1715027478]

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[sarc]

planktonic revolution.

[niothor]

It's like any nascent industry. You have the idealists first, then the whales/bankers/whatnot move in and fuck it up for everyone who started it.

Well , while I agree with the first part , I really don't like the second.
And I know how powerfull money can be just looking at how my father does his bussines.

That's why I want the bitcoin economy to first attract normal people and not "whales" drawn by the smell of money who can fuck it up for good before it's even launched.

[Its About Sharing]

Looks like the bulls have absolutely thrown in the towel.  Everybody is a bear now. 

I have to say the chart doesn't look good and I have been worried since the low volume sideways movement. But the one part that is über strange to me is the volume on the down leg. It is on the low side.
I don't feel good selling into a movement down on low volume. Seems like a trap, not in a conspirational sort of a way, just the conditions I guess.

My life won't change should we have a mini crash and I'm trying to save some scraps to purchase more should we have what looks like a bottom.

[Coinseeker]

Ah, my bad. As far as your alter ego, it is confusing me as time goes on. The last few days you showed your human side and actually seemed to be supporting BTC while it went down??? (Who are you and what have you done with Coinseeker?) There is still hope for you! I'm waiting for your inspirational side.
But, good news, we are seemingly all getting along better here.

Well this may or may not end that.    It seems "confusing" to you because you don't live in a mind state where people can see both sides of a coin.  Ideology is blinded to just one view.  I'm only here to make money and as I've said repeatedly, I just call it the way I see it.  Maybe that's in Bitcoins favor one day, maybe it's not. Just depends on the variables.  You often lack that ability and thus it's confusing when you see someone else do it.  Although most people just view that as rational thinking based on varying information.

I love how we're getting along.  

[niothor]

Ah, my bad. As far as your alter ego, it is confusing me as time goes on. The last few days you showed your human side and actually seemed to be supporting BTC while it went down??? (Who are you and what have you done with Coinseeker?) There is still hope for you! I'm waiting for your inspirational side.
But, good news, we are seemingly all getting along better here.

Well this may or may not end that.    It seems "confusing" to you because you don't live in a mind state where people can see both sides of a coin.  Ideology is blinded to just one view.  I'm only here to make money and as I've said repeatedly, I just call it the way I see it.  Maybe that's in Bitcoins favor one day, maybe it's not. Just depends on the variables.  You often lack that ability and thus it's confusing when you see someone else do it.  Although most people just view that as rational thinking based on varying information.

I love how we're getting along.  

So you're more like a Hyena running around after a free meal profit.

[michaelGedi]

anyone believe a bounce is coming, it's oversold and seems to have bottomed out for now.... or more likely we sit on top of these large bids for a while?

[Coinseeker]

Ah, my bad. As far as your alter ego, it is confusing me as time goes on. The last few days you showed your human side and actually seemed to be supporting BTC while it went down??? (Who are you and what have you done with Coinseeker?) There is still hope for you! I'm waiting for your inspirational side.
But, good news, we are seemingly all getting along better here.

Well this may or may not end that.    It seems "confusing" to you because you don't live in a mind state where people can see both sides of a coin.  Ideology is blinded to just one view.  I'm only here to make money and as I've said repeatedly, I just call it the way I see it.  Maybe that's in Bitcoins favor one day, maybe it's not. Just depends on the variables.  You often lack that ability and thus it's confusing when you see someone else do it.  Although most people just view that as rational thinking based on varying information.

I love how we're getting along.  

So you're more like a Hyena running around after a free meal profit.

Sure, I guess according to the picture...you could say that.  I would simply consider it being a father and husband with financial needs.  But hey, put it in whatever box you like.

[michaelGedi]

well Rampion, here goes... I'll be attempting your special technique of selling at the bottom to maximise (everyone elses) profits

[sarc]

well Rampion, here goes... I'll be attempting your special technique of selling at the bottom to maximise (everyone elses) profits

you'll feel lighter, in a good way.

[notme]

You sure spend a lot of time talking about price for someone who doesn't give a fuck about it.

Well , isn't that because people here in the economy sub section only think about price?
Good news , bad news , the only thing affected is the price.
Nobody cares about the number of transaction , actual companies dealing in bitcoins.

Price will have to skyrocket for mass adoption and new start-ups to flock in.

Let's asumme that ATM is launched and functional.
First thing people are going to say is "price will skyrocket" only a few will say , i'm burning my credit card.

And  about my free time , I have lots of it.
I can afford the luxury of doing nothig while I'm attending university for my second "piece of paper" as i like to call it.

So you don't care about it, but you talk about it just to fit in?  That's sad.

As for

Nobody cares about the number of transaction , actual companies dealing in bitcoins.

That's just not true.  I monitor both of these.  You seem to be making a lot of assumptions about this community that just don't hold.

[Its About Sharing]

I was on a radio show and got to talk about Bitcoins a few days ago.

Here is the link on the forum here: https://bitcointalk.org/index.php?topic=229025.new#new

[ChartBuddy]

[sarc]

wow, those bid walls to 105 are impressive, do you think it could be this that's scaring the whales?


more and more coins to market, less and less fiat - less than 13 million now...

[notme]

wow, those bid walls to 105 are impressive, do you think it could be this that scaring the whales?


more and more coins to market, less and less fiat - less than 13 million now...

Zoom out... it's not so bad yet.

[BitcoinAshley]

As for

Nobody cares about the number of transaction , actual companies dealing in bitcoins.

That's just not true.  I monitor both of these.  You seem to be making a lot of assumptions about this community that just don't hold.

Story of niothor's life. He hasn't quite made it to my ignore list yet, but keeping up with the 'Everyone here thinks X, because I say so!' is one of the best ways to do that.

Back on topic: I lol when ChartBuddy just has a straight line down the center. Everyone scared to make a move, eh? Looks like it's time to get me some more fiat on the exchanges.

[sarc]

wow, those bid walls to 105 are impressive, do you think it could be this that scaring the whales?


more and more coins to market, less and less fiat - less than 13 million now...

Zoom out... it's not so bad yet.

I'm not sure that doesn't look worse!  

The cash flow makes the case for still being in the bubble more strongly than the actual price...

[michaelGedi]

what happens when they cross on the all time chart?

do we get rich?

[Jozzaboy]

what happens when the cross on the all time chart?

do we get rich?

If you're holding a bank account full of paper money, then yes. If that is the case, do us a favour and dump it into Bitcoin 

[oda.krell]

[...]

I'm not sure that doesn't look worse!  

The cash flow makes the case for still being in the bubble more strongly than the actual price...

I'd advise against looking at the mtgox order book alone to draw (long-term) conclusions, such as "are we still correcting the bubble or not".

The order book is a) a prime tool for manipulation by big players, b) doesn't represent the entire fiat/coins in the hand of traders who are willing to trade, and finally c) mtgox is (relatively speaking) becoming less relevant. Yes, they're still the no.1 exchange, but a simple look at the volume numbers over at bitcoincharts will show you that their share has declined.

If you look at indicators that try to capture money flow based on trades, rather than on the order book, the picture looks different. Chaikin money flow, my favorite for this purpose, still points towards a positive flow, when looking at the previous months.

Short term though, I agree. Money is leaving the market. But the question is, is that a trend reversal, or only a short term phenomenon.