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

[keewee]

310!

[Davyd05]

Someone just bought a lot of bitcoins

I saw that, it was like being flamed in an mmo game wall of text style

[hyphymikey]

What it must feel like to kill a bear!

[wildbud]

Someone just bought a lot of bitcoins

I saw that, it was like being flamed in an mmo game wall of text style

^ I just stood back and watched

[Davyd05]

What it must feel like to kill a bear!

I've been like a bull with a pansy trap attached to one of my legs.. I should've honestly have had 10-20k cad invested by a week or two ago.. just twiddled by thumbs and watched the front part of the train leaving.

Dam you non existent crystal ball

[JimboToronto]

What it must feel like to kill a bear!

Bear? LOL

Where have all the whiny little trollbears gone?

Still waiting for capitulation? "Bubblepop"?

Hiding under their mattresses?

[rpietila]

Flashcrash alert.

The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.

Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited edit: except during the flashcrash.

Risk of a change in main trend is low.

Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.

[Davyd05]

Flashcrash alert.

The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.

Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited.

Risk of a change in main trend is low.

Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.

I can possibly invest 5k - 50k .. not asking you to decide for me... but would you go all in and sit on it at this point in time?

[vps15]

any chance of a second flashcrash as we've seen before?

[gizmoh]

A call to Stampers, look at the chart no dumping is causing crash even from 300. Bitcoin has a lot to climb, a lot. So 283 at stamp is a bargain!

[Davyd05]

A call to Stampers, look at the chart no dumping is causing crash even from 300. Bitcoin has a lot to climb, a lot. So 283 at stamp is a bargain!

cavirtex is at 280 as well and thats in CAD not USD

[rpietila]

I can possibly invest 5k - 50k .. not asking you to decide for me... but would you go all in and sit on it at this point in time?

With all probability 266 has become a floor. Since you should anyway not take risks with bitcoin (not invest more than you seriously, honestly can lose), now it is optimal to buy as quickly as possible. The price is rising and nobody knows how high it will rise, and even if it collapses afterwards, the new low is probably higher that previous ATH:

2011: $2 low vs. $1 old ATH
2013(1): $60 low vs. $32 old ATH.

Next week the price can be 500, then I would not buy any more, it starts to make sense to wait.

[windjc]

I can possibly invest 5k - 50k .. not asking you to decide for me... but would you go all in and sit on it at this point in time?

With all probability 266 has become a floor. Since you should anyway not take risks with bitcoin (not invest more than you seriously, honestly can lose), now it is optimal to buy as quickly as possible. The price is rising and nobody knows how high it will rise, and even if it collapses afterwards, the new low is probably higher that previous ATH:

2011: $2 low vs. $1 old ATH
2013(1): $60 low vs. $32 old ATH.

Next week the price can be 500, then I would not buy any more, it starts to make sense to wait.

Are you predicting a consolidation then a larger run up in the next week or two?

[macsga]

I can possibly invest 5k - 50k .. not asking you to decide for me... but would you go all in and sit on it at this point in time?

With all probability 266 has become a floor. Since you should anyway not take risks with bitcoin (not invest more than you seriously, honestly can lose), now it is optimal to buy as quickly as possible. The price is rising and nobody knows how high it will rise, and even if it collapses afterwards, the new low is probably higher that previous ATH:

2011: $2 low vs. $1 old ATH
2013(1): $60 low vs. $32 old ATH.

Next week the price can be 500, then I would not buy any more, it starts to make sense to wait.

I know I might won't get an answer since the parameters are hell of a lot, but I still want to ask... Is it possible that btc is awarded its latest publicity due to ebay probable incorporation? What happens if it actually is incorporated then?

[Davyd05]

I can possibly invest 5k - 50k .. not asking you to decide for me... but would you go all in and sit on it at this point in time?

With all probability 266 has become a floor. Since you should anyway not take risks with bitcoin (not invest more than you seriously, honestly can lose), now it is optimal to buy as quickly as possible. The price is rising and nobody knows how high it will rise, and even if it collapses afterwards, the new low is probably higher that previous ATH:

2011: $2 low vs. $1 old ATH
2013(1): $60 low vs. $32 old ATH.

Next week the price can be 500, then I would not buy any more, it starts to make sense to wait.

Yeah the money that could be invested with would have zero effect on a family or households livelihood. I've been feeling like this since I stuck my foot in the water at 142.50cad/btc / 450cad for a total 3.17 btc ... I suppose I could just buy with half the investment at the current market price and leave the other at a 266 floor buy, if we don't see any corrections or flash crashes perhaps buy in if the price holds for a couple days or maybe towards thursday. I feel like the action comes before people won't be able to get fiat transfer from banks over the weekends.

I felt pretty certain once we broke 200 and held for a couple days we would see another rally towards the old ATH of 266 when the rally would take place I was obviously unsure of, I was pegging 300 closer to December on the early side so I guess mid to late nov to break the ATH made sense all in all.

[keewee]

back to 304.81!

308!

310. Time for another beer.

311! Have another beer 

[N12]

back to 304.81!

308!

310. Time for another beer.

311! Have another beer 

He will die from alcohol poisoning if we don't stop him.

[JimboToronto]

The ask sum at Gox is closing in on 4 digits.

Wow. Running out of coins.

[thoughtfan]

The ask sum at Gox is closing in on 4 digits.

Wow. Running out of visible coins.

FTFY

I seem to recollect bears have a habit in this kind of market of hiding behind the bushes letting the bulls stampede past.  If it keeps going like this at some point there is very likely to be a massive bear ambush.  However I am a wimp when it comes to even hazarding a guess as to where this will be nor how far it will fall back.  As for my own strategy I'm holding irrespective of what the market does

[Wekkel]

The ask sum at Gox is closing in on 4 digits.

Wow. Running out of coins.

Goxxed out.

I think new coins will be brought in quickly by customers.