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

[RationalSpeculator]

Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.

+1 thanks for your good arguments

[spooderman]

omg so bullish in here.

[tarmi]

ppl keep relentlessly dumping on stamp and btce.

every time we pass 125 mark on bitstamp I prepare more coins for a dump from my stashes.

will sell them all @ 130.

[tarmi]

your 12 coins will not have much of an effect on the market at large.

I dont care for "the market at large" nor effects. I will just dump.

[tarmi]

Yes, All your bitcoin belongs to us.

Sell out and walk away. Thanks.

If we hit 130 $ I will sell them all.

But I will not walk away. I will just wait for the final price decoupling between mtgox and bitstamp to buy them back cheaper.

[Spekulatius]

If $140 falls...

I doubt it will until this massive September long Pennant/triangle is over. Seems like it might end around Oct 5 and then KABOOM up we go. If it happens earlier I'd be happy, this thing has taken forever.

Or it could break down... why does everyone keep dismissing this possibility? Every day the required ta levels (Bollinger etc) to do so keeps creeping up (131 now), yet the market depth is failing to follow. In the past 2 months of 140 STILL no market depth has filled in. Its still only 5k to 130 (and trendbreak) and 20k to 120. Total bid depth is now $11.5m whereas 3 months ago at $110 market depth was at $16m! The volume is still low too (8k of today's volume is fake bot error) and ppl keep relentlessly dumping on stamp and btce.

Thats what Chart Buddy would be good for. Sadly someone banned him from this thread..
Now we cant verify this claim by looking up month old order book depth!
Is there some place chart buddies output can be looked up?

[arklan]

Richie's got the original images still, I think.

[JimboToronto]

Thats what Chart Buddy would be good for. Sadly someone banned him from this thread..
Now we cant verify this claim by looking up month old order book depth!
Is there some place chart buddies output can be looked up?

I'd love to see ChartBuddy back.

It seems that www.rtcons.com (ChartBuddy) was cut off by NFSN (his ISP). Maybe it was a matter of costing too much to offer a free service. Perhaps if enough people donated a few million satoshis each he'd put it back up.

When Blitz banned him he made it clear that it was only because of the snafu and that the door was open for a return.

ChartBuddy (Richy_T?) are you reading this?

[adamstgBit]

this weekend everyone should make sure to tell their friends that there is very little time left before bitcoin gets a proper valuation.

[hlynur]

this weekend everyone should make sure to tell their friends that there is very little time left before bitcoin gets a proper valuation.

The Bitcoin Club
Adam: This week, each one of you has a homework assignment. You're gonna go out, you're gonna start talking to a total stranger about bitcoin...You're gonna tell him it's going big and his cheap FIAT is worthless in the future.
[montage of Bitcoin Club members trying to talk about bitcoin]
Narrator: [voice over] Now this is not as easy as it sounds. Most people, normal people, do just about anything to avoid thinking about the financial system.

 

[JimboToronto]

You are such a permabull, it's starting to irritate me

It's not nearly as annoying as the 1btc trollbot.

[derpinheimer]

this weekend everyone should make sure to tell their friends that there is very little time left before bitcoin gets a proper valuation.

Shit,  bitcoin is about to crash?!

[rpietila]

your 12 coins will not have much of an effect on the market at large.

I dont care for "the market at large" nor effects. I will just dump.

It is exactly these evil manipulators who just dump regardless of the market at large and the effects who keep us from realizing the true value of Bitcoin

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

[tarmi]

It is exactly these evil manipulators who just dump regardless of the market at large and the effects who keep us from realizing the true value of Bitcoin

 

why should I care for the market at large?

I am more then happy to sell at this price. And I agree with you: this price has nothing to do with the true value of bitcoin, but you should thank to mtgox for that.   

[TERA]

The "true value" of bitcoin is not going to be affected by a dumper. If it was really the "true value", then the coins would be bought. In fact, the dumper is healthy for bitcoin. These ridiculous unhindered parabolic rises and drops cause too much volatility and make btc not attractive as a currency.
 

your 12 coins will not have much of an effect on the market at large.

I dont care for "the market at large" nor effects. I will just dump.

It is exactly these evil manipulators who just dump regardless of the market at large and the effects who keep us from realizing the true value of Bitcoin

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

[solex]

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

This is the first serious throw-in-the-towel sentiment from you. Silver might tick up $10 over the next year while BTC could be anywhere up to 4 digits. Puzzling.

I sincerely believe that most holders of bitcoins have done exactly as I (among others) has advocated: only invest a modest sum, and fully prepared to ride it to the oblivion if need be. My own bitcoin holdings are already up more than 1000% and I am not selling until the proceeds will give a sizable boost to my economy. Most people are not inclined to sell at a loss, even to their own detriment. On the contrary, there is a weird willingness to wait for years until an investment breaks even in fiat terms and then sell, once it has finally started to perform.

[FNG]

your 12 coins will not have much of an effect on the market at large.

I dont care for "the market at large" nor effects. I will just dump.

It is exactly these evil manipulators who just dump regardless of the market at large and the effects who keep us from realizing the true value of Bitcoin

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

https://twitter.com/barrysilbert   may take them off your hands

[rpietila]

Disclosure: I adjusted a little bit down this week. Wanted one of my companies to buy more silver. If anyone is seeking to buy about 500 BTC for a price higher than in Bitstamp, drop me a line. Otherwise I will just dump them.

This is the first serious throw-in-the-towel sentiment from you. Silver might tick up $10 over the next year while BTC could be anywhere up to 4 digits. Puzzling.

I sincerely believe that most holders of bitcoins have done exactly as I (among others) has advocated: only invest a modest sum, and fully prepared to ride it to the oblivion if need be. My own bitcoin holdings are already up more than 1000% and I am not selling until the proceeds will give a sizable boost to my economy. Most people are not inclined to sell at a loss, even to their own detriment. On the contrary, there is a weird willingness to wait for years until an investment breaks even in fiat terms and then sell, once it has finally started to perform.

Hah, perhaps the selling of 500 BTC will now give a sizable boost to my economy, then

These profits will not actually go to personal consumption, rather I will stock up on silver that is now really cheap. Late March I sold a lot of silver and bought BTC at 70-80. Now not only is BTC up +50%, also silver is down. Reversing this trade in its entirety (which I haven't yet done or even plan to do) would net me about 4000 ounces of silver, and still leave a good chunk of BTC. It is hard to conduct silver business without merchandise.

Buffett says that it is profitable to diversify, if you don't know what to do. Perhaps I don't...

[rpietila]

https://twitter.com/barrysilbert   may take them off your hands

Yeah, his price today was $133, which satisfies me. How can I sell them to him?

This BIT will almost certainly utilize fractional reserve, as all the similar gold and silver entities have done, and act as an agent of price manipulation. (If not, the relevant authorities will shoot it down or make sure it won't even launch.)

[ElectricMucus]

Most people, normal people, do just about anything to avoid thinking about the financial system.

LMAO.

Funny cuz true.

Hai guise, I have a new sig.