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

[adamstgBit]

But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).

To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'

Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one.

Oh, ok.

I still think that $57 will be the bottom though.

indeed

to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7
it was very violent a drop, and it went and touched bottom with the first knife
the huge bull trap
the slow slide down
the rebound above the low of the init. crash


now if we only wait a few months, if the pattern hold we be up 1,000%  

Haha

Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself.

bitcoin is very robust, even in the mists of a complete melt down, you can rest assured that your tx will go through, as soon as the bug fix version is issued  

it's truly amazing what we have here,
bitcoin is definitely the first of a kind.

[Spaceman_Spiff]

If anybody wants a laugh, you can always rewatch this piece of brilliant journalism : http://www.bloomberg.com/video/bitcoin-the-anarchist-virtual-currency-12Je7jeKQZmn~Hx1YaNitQ.html

Fastforward to 3:10 for the good stuff   .

Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?

Now that you mention it, it sounds that way   .
Damn, I wish I was around in the studio at that time, would have gladly sold him a bitcoin or two   .

EDIT: he might have meant "if a bitcoin becomes worth $80k, you can see how much those 5000 bitcoins would be worth".

[Rampion]

But Dead Cat Bounce in 2011 was very large (much bulls believed that they were already at the bottom).

To be fair, we sort of did bounce from $57 to $166, if that can be considered the 'dead cat bounce.'

Think thats more like the 10 to 20 bounce, but of course this bubble isn't an exact replica of the last one.

Oh, ok.

I still think that $57 will be the bottom though.

indeed

to me, this crash is more like a bigger version of the priate40 crash at 16 down to 7
it was very violent a drop, and it went and touched bottom with the first knife
the huge bull trap
the slow slide down
the rebound above the low of the init. crash


now if we only wait a few months, if the pattern hold we be up 1,000% 

Haha

Believe it or not I was way more freaked out by that whole fork / tons of orphan block problem a while back than I am right now. Right now its just the free market being a free market and speculators being speculators. Back then we actually had a threat to bitcoin itself.

Not worried at all during the fork, I bought a lot in fact.

[Spaceman_Spiff]

Not worried at all during the fork, I bought a lot in fact.

Yeah, I fucked up during the fork, thought it would prematurely pop the bubble.  Got really bullish when that didn't happen though.

[Kazu]

If anybody wants a laugh, you can always rewatch this piece of brilliant journalism : http://www.bloomberg.com/video/bitcoin-the-anarchist-virtual-currency-12Je7jeKQZmn~Hx1YaNitQ.html

Fastforward to 3:10 for the good stuff   .

Wait at 1:25 does he say that a bitcoin is worth $80,000 or am I hearing something wrong?

Now that you mention it, it sounds that way   .
Damn, I wish I was around in the studio at that time, would have gladly sold him a bitcoin or two  .

Lol, I still don't know why they say they have to 'trust hackers', why not just actually go and read the sourcecode if you actually think that nobody would have pointed something like that out by now its open source for goodness sakes.

Also what the heck is it with the term 'hacker' anyway, its like they want to tag him as evil for no reason whatsoever.

[Kazu]

Not worried at all during the fork, I bought a lot in fact.

Yeah, I fucked up during the fork, thought it would prematurely pop the bubble.  Got really bullish when that didn't happen though.

I fucked up big time in the fork. I sold all my coins, and I had bought them all at $15 so I had a ton. Next chance I had to buy was at $90-ish then $110.


So then I decided I wouldnt sell coins any more.

[derpinheimer]

I'm sure everyone is seeing the blatant price manipulation right now. I dont mean, "In these past hours"


I mean, like, right now. In the past few minutes.

[MoreFun]

I'm sure everyone is seeing the blatant price manipulation right now. I dont mean, "In these past hours"


I mean, like, right now. In the past few minutes.

What kind of manipulation, nothing happened in the past few mins?

[seleme]

Looks like someone is trying to build momentum for some dump. Can't see the reversal here though you never know with btc.

[derpinheimer]

I'm sure everyone is seeing the blatant price manipulation right now. I dont mean, "In these past hours"


I mean, like, right now. In the past few minutes.

What kind of manipulation, nothing happened in the past few mins?

Single player doing small buys and placing lots of 100+ bid walls on random values to incite a rally and/or bids above 70.

I just restarted my computer and now I missed him pull all of them. Support on 70 went from 2.5k to 600

[weaknesswaran]

What do you think are the wall also controled by bots?

[ChartBuddy]

[Dalib]

Bitstamp: 70.00 

[Loozik]

Prepare for the price to:
a) go slightly above 72
then
b) drop quickly to 70.40 - 70.60

Next the train will leave the station heading north.

[ChartBuddy]

[wonkytonky]

all buy before it's to late .. 

[chairforce1]

Prepare for the price to:
a) go slightly above 72
then
b) drop quickly to 70.40 - 70.60

Next the train will leave the station heading north.

Nice call

[Loozik]

Prepare for the price to:
a) go slightly above 72
then
b) drop quickly to 70.40 - 70.60

Next the train will leave the station heading north.

Nice call

Unfuckingbelievable, how could daddy Loozik possibly know what Mrs Market will do in 10 minutes?

A. Is he friends with Mrs Market?
B. It was daddy Loozik himself who manipulated Mrs Market market to buy cheap coins?
C. daddy Loozik has a plan that he does not want anybody to know?
D. He is just an entertainer?

Who knows  ?

[solex]

all buy before it's to late ..  

I agree.
People keep talking about lows in the 50s as if it hasn't happened since the $266. But it has been in the 50s twice. This was a much larger fall than the 2011 crash which initially went from $31 to $10 and took 2 months to go below that. Markets never do exactly the same thing. So this time the post-peak low looks to have happened fast. Today. three months on we have likely seen the nearest approach ($65) to the previous lows. Anyone at the end of 2013 looking at the market firmly above $100 will be kicking themselves for staying all out when it was trading at $70

[Dalib]

Prepare for the price to:
a) go slightly above 72
then
b) drop quickly to 70.40 - 70.60
Next the train will leave the station heading north.

Congratulations also to accurate predictions:

a few comments:

- Bulls demolished the bears wall to 72
- From cutting chips fell to 70.11
- Bulls stay ahead above the $ 70 that gave them the investor Mr. 5k
- Bulls want to 75, then 80 within a few working days (only someone want 180;)
- Bears goes short against the trend and they want to sell at the price at which they should buy, watch out for them...