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

[spooderman]

People have mentioned showing up in person as well (...or "sending someone"?  )-- any trip reports? That doesn't sound too promising if your balance is in USD.

This is what I would like to know. If you're willing to lose $100k+ to purchase and subsequently exit you would get a direct line to Gox to figure this out...unless of course..you want bitcoin and not $'s

I've heard nothing..

A voice of reason. Then again, bitcoin be crazy.

I'll think you'll find than bitcoin be in fact 'cray'

[wachtwoord]

If we make it to $150, I switch to bull 

If something is expensive you sell, if it's cheap you buy. Buying because something, anything, gets more expensive is beyond retarded.

On a bright note:

Encrypted money baby!

[Voodah]

What the hell? Did I miss something? 

just more millionaires who want out of bitcoin. Only way to do so is buy on gox, lolol. stupid whales.

we are crashing to single digits once fiat dries up.

sidenote: lol @ pathetic depth on bitstamp. This is the competition to Gox? lolol. It's sole purpose is clearly to cash out. not good sign of a healthy competitor.

... to get out you've got to sell somewhere else.  Where are the dumps?  Other exchanges are following not diverging.  During whale-less days, BitStamp is seeing steady or slowly rising prices with > volume than Gox.  If whales are selling slowly, we'd be seeing these exchanges fall.  Bid depth too small, so whales wouldn't sell ANYTHING?  That's silly...

Volume is low during downtrends, higher during uptrends.

Keep beating your drum, you might be able to buy your 5 coins back soon :-)

the poor whales CANT sell on alt-exchanges because they have no depth and would cause massive slippage. Whales would eat huge losses. Instead they cling to bitcoin hoping price keeps going up as other desperate whales buy on gox, eventually there might be enough depth on bitstamp so that loss is minimal (few percent). I think it is wishful thinking.

Fiat dries up, we rocket upward, then crash to unbelievable new lows. Single digits my friends.

I want Jaroslaw back, he isnt as scary

For real. This Walsoraj was supposed to be the BULL version. He looks quite apocalyptic now (though I kinda agree with him).

[Wekkel]

If we make it to $150, I switch to bull  

If something is expensive you sell, if it's cheap you buy. Buying because something, anything, gets more expensive is beyond retarded.

It's called: the trend is your friend. $135 is coming closer to catch my order.....

[ChartBuddy]

[adamstgBit]

dumps!

[Walsoraj]

die bulls, die. just die. 

[Miz4r]

What the hell? Did I miss something?  

just more millionaires who want out of bitcoin. Only way to do so is buy on gox, lolol. stupid whales.

we are crashing to single digits once fiat dries up.

sidenote: lol @ pathetic depth on bitstamp. This is the competition to Gox? lolol. It's sole purpose is clearly to cash out. not good sign of a healthy competitor.

... to get out you've got to sell somewhere else.  Where are the dumps?  Other exchanges are following not diverging.  During whale-less days, BitStamp is seeing steady or slowly rising prices with > volume than Gox.  If whales are selling slowly, we'd be seeing these exchanges fall.  Bid depth too small, so whales wouldn't sell ANYTHING?  That's silly...

Volume is low during downtrends, higher during uptrends.

Keep beating your drum, you might be able to buy your 5 coins back soon :-)

the poor whales CANT sell on alt-exchanges because they have no depth and would cause massive slippage. Whales would eat huge losses. Instead they cling to bitcoin hoping price keeps going up as other desperate whales buy on gox, eventually there might be enough depth on bitstamp so that loss is minimal (few percent). I think it is wishful thinking.

Fiat dries up, we rocket upward, then crash to unbelievable new lows. Single digits my friends.

I want Jaroslaw back, he isnt as scary

For real. This Walsoraj was supposed to be the BULL version. He looks quite apocalyptic now (though I kinda agree with him).

He's just a poor whale stranded on the Gox beach. It doesn't concern us little plankton fish.

[derpinheimer]

Ohmagah do i sell naow or is this bear trap?

[Walsoraj]

Ohmagah do i sell naow or is this bear trap?

herpa der dper derp harper derp derpa herp herp! herp? derderpaherp, daherp!

you are welcome

[derpinheimer]

Ohmagah do i sell naow or is this bear trap?

herpa der dper derp harper derp derpa herp herp! herp? derderpaherp, daherp!

you are welcome

Its all so clear now! I have seen the light! Thank you, Walsoraj!

[Wekkel]

Just buy. Things will get crazy again 

[hyphymikey]

Bottom line is price going up for ALL THE WRONG REASONS. Why you mega-bulls get behind this BS I don't understand.

*edit*

i do understand because it is your bullshit

You don't know why they are buying! The fact you think every purchase on Gox is someone cashing out, compared to the fact they have yet to cash out, or even have near the volume on any other exchange makes zero sense. The only way for these whales to be selling now, like you think they are, is to do it in person, which is bullish, knowing people are out there wanting so many coins.

Personaly, I think these whales have so much cash stuck in their Gox accounts they realize they can profit in the meantime. All they have to do is run the price up until another bubble starts, or until Gox starts withdrawals, and then hope to dump before anyone else to get a good "propped up" price.

[Wekkel]

The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.

Parabolic Rise 2.0, Yes please 

[derpinheimer]

The rise is no different than in April in terms of price action. A whole lot of nothing and suddenly a big buy. Things seem to be accelerating, so my risk/reward perception is changing as well. If coins become super cheap due to a crash, I can always buy more with fresh FIAT.

Parabolic Rise 2.0, Yes please 

No, please hold the rise until im sure of my position and get more money.

K,thx,

true derp.

[Beta-coiner1]

I did mention this earlier.

[phatsphere]

I sold about 500 above $121 yesterday, it was the right thing to do.

… please keep up posted about your short.

still the right thing to do?

[dexX7]

sidenote: lol @ pathetic depth on bitstamp. This is the competition to Gox? lolol. It's sole purpose is clearly to cash out. not good sign of a healthy competitor.

FYI: the huge wall between ~130-132 on Bitstamp has been there for weeks now (or to be more precise mid may when the price was at around 125-130) and didn't moved at all.

[Wekkel]

Come on, think big 

[ChartBuddy]