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

[N12]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

[QuestionAuthority]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

[naima53]

Theres the panic! Woohoo, $92.5

I see it makes you extremely happy to see Bitcoin goes down?
Kinda odd.

https://bitcointalk.org/index.php?topic=143973.msg2298148#msg2298148
i call it ''the reallocation of funds''

[molecular]

what's going on?

gox is almost down to bitstamp level.

[N12]

People are realizing that they should probably clean up the bids on the order book and gather their fiat millions while the slippage is good.

[ShroomsKit]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

You seriously think he would know? Come on...

[Rampion]

People are realizing that they should probably clean up the bids on the order book and gather their fiat millions while the slippage is good.

At last! But it took them long. Funny thing is that most of bulls in denial will eventually sell at the bottom.

[ardana123]

the pessimists in this thread are hilarious

[Rampion]

the pessimists in this thread are hilarious

who are they? Apart from shroomkit, who appears to be bitter and sad, everybody seems happy and playful.

[nmersulypnem]

People are realizing that they should probably clean up the bids on the order book and gather their fiat millions while the slippage is good.

Exactly, it'll be a desperate situation when a 1K sell drives the price down $10, but when that happens... it's a looong way down.  Of course, MtGox will probably put a hold no trading again.  And if they do that, I think it means they have a financial interest in the price, which would make me even more worried.

[QuestionAuthority]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

You seriously think he would know? Come on...

He should at least have an opinion.

[N12]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

Hard to say, somewhat lower than 50 assuming the massive triangle indeed broke down. What one should be looking for is a final capitulation spike down occuring on extreme daily volumes with some or most of the former bulls displaying an extremely negative sentiment. It's probably going to be a rough and long ride though with many bull traps.

[ShroomsKit]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

You seriously think he would know? Come on...

He should at least have an opinion.

Sure, but it would worth as much as your own opinion since nobody knows where Bitcoin will go.

Edit: actually his predictions are so ridiculous that any random guess of yours will probably make more sense.

[seleme]

Lol, panic sale of ltc on btc-e based on that cnn blog btc-e article... dear God, what kind of morons are in crypto community, lol

[derpinheimer]

Lol, panic sale of ltc on btc-e based on that cnn blog btc-e article... dear God, what kind of morons are in crypto community, lol

Thats hilarious! I saw it was down a bit earlier, I thought by now people would realize blogs=/=news.

[QuestionAuthority]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

You seriously think he would know? Come on...

He should at least have an opinion.

Sure, but it would worth as much as your own opinion since nobody knows where Bitcoin will go.

But that's the game isn't it. What good is an opinion unexpressed?

[Voodah]

Below 88.14, this market is going to be priced below a billion dollars again.

This isn't a billion dollar market and it never has been. People are painfully beginning to realize.

But what is the realistic number?

I don't even know how to fairly assess this. I mean, even if 90% of the market is speculation money, that's still market.. and every single market out there has it.

And I wonder; if we were to magically remove all speculation money, where would we be? pre 2011 boom price?

How much btc is actually circulating in the economy as opposed to trading, speculation and hoarding?

If we remove speculation, there is little to no market left.

[ShroomsKit]

It's also a former low, next ones are 79 and 50. So if we break it, sure, it's going to be a resistance.

In your opinion how far down are we goin.

You seriously think he would know? Come on...

He should at least have an opinion.

Sure, but it would worth as much as your own opinion since nobody knows where Bitcoin will go.

But that's the game isn't it. What good is an opinion unexpressed?

In his case a lot.

[adamstgBit]

Below 88.14, this market is going to be priced below a billion dollars again.

This isn't a billion dollar market and it never has been. People are painfully beginning to realize.

But what is the realistic number?

I don't even know how to fairly assess this. I mean, even if 90% of the market is speculation money, that's still market.. and every single market out there has it.

And I wonder; if we were to magically remove all speculation money, where would we be? pre 2011 boom price?

How much btc is actually circulating in the economy as opposed to trading, speculation and hoarding?

If we remove speculation, there is little to no market left.

Blitz­ is just depressed thats all, a good buying opportunity; thats what every bitcoin crash has ever been / will ever be, the big the crash the better the buying opportunity. 

[ChartBuddy]