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

[molecular]

My fingers got itchy for a minute but I'm sitting on my hands. I think there's still upside left to this rally. We'll see! Can't risk losing any bitcoins right now...

yeah, I just bought back in when second drop didn't materialize. (except a little bit on btcchina)

seems we're heading back up now

once western hemisphere wakes up, it'll probably corrected almost completely.

[gizmoh]

Went from 348 -> 300 in stamp so i sold 1/6 of my coins in first rebound at 330. I had 100% of all my wealth in coins (i don't have any loan). Lets see what happens next.

Well i've bought at 330, i believe it to be a flash crash only.

[molecular]

it really is a perfect storm.

this could take mtGox to 400

[SheHadMANHands]

Man, I'm ready to go long.  That snap panic sale recovery..  right?

[BlueTemplar]

Wow, did you notice that if only 1M$ was sold at bitstamp, the price would crash to 250?

[Taras]

seems like everyone is mostly asleep except china.

can we expect the western markets to catch up once europeans wake up?

EDIT: 2440 yuan is ~400 USD

This is probably the case.
Buy now

[Odrec]

I said that the Chinese waking up would turn things around. Those Chinese are fearless anyone who has seen a Chinese doing business knows this.

[molecular]

I said that the Chinese waking up would turn things around. Those Chinese are fearless anyone who has seen a Chinese doing business knows this.

probably also anyone who ever went to war with them.

this is a currency war! lol.

[SheHadMANHands]

Wow, did you notice that if only 1M$ was sold at bitstamp, the price would crash to 250?

Translation:  "Did you notice that if some idiot put a $1M market sale on Stamp, at an average price of $280 (because he loves to lose lots of money), we'd crash to $250?"

[vps15]

so from the last 2 pages it looks like posters are calling some sort of downturn or something.  Has anyone actually even seen the walls? its not even 500 coins to 279 which can be bought up in a second.  someone dropped 3.5k an hour ago, big fucking deal. we have already seen bigger 10k dumps recently and that hasnt stopped this price rise so far.  just have some self control, hold your coins and wait till we hit 410. very little ask depth after that right now -> TO DA MOOOOOOOON!!!

[gandhibt]

I don't believe it to crash hard, but in most cases after first rebound it goes little bit lower at least. Maybe I buy back with loss in next dip, lets see.

BTW. I just got to Spain, I think I'm staying here for few months. Is here anyone from there?

[SheHadMANHands]

I said that the Chinese waking up would turn things around. Those Chinese are fearless anyone who has seen a Chinese doing business knows this.

[molecular]

I don't believe it to crash hard, but in most cases after first rebound it goes little bit lower at least. Maybe I buy back with loss in next dip, lets see.

yeah, about that second dip: it's not happening (except it has a little in china, but not below the first low). should've happened by now (usually 20-40 minutes after first move down), so I think it wont.

[gandhibt]

I don't believe it to crash hard, but in most cases after first rebound it goes little bit lower at least. Maybe I buy back with loss in next dip, lets see.

yeah, about that second dip: it's not happening (except it has a little in china, but not below the first low). should've happened by now (usually 20-40 minutes after first move down), so I think it wont.

Yep, that seems likely, but i'm still waiting for the next dip to buy back in even if its $500. Remember, we're talking about 1/6 of all my wealth. I still have 5/6 in bitcoins =)

[molecular]

it's hilarious: when people in europe wake up to see crazy yuan-price and that there was already a correction, they are probably going to buy.

[SheHadMANHands]

it's hilarious: when people in europe wake up to see crazy yuan-price and that there was already a correction, they are probably going to buy.

I am trying too..  can't find my damn phone for 2FA..

Nice healthy correction and return to motion..

[molecular]

I don't believe it to crash hard, but in most cases after first rebound it goes little bit lower at least. Maybe I buy back with loss in next dip, lets see.

yeah, about that second dip: it's not happening (except it has a little in china, but not below the first low). should've happened by now (usually 20-40 minutes after first move down), so I think it wont.

Yep, that seems likely, but i'm still waiting for the next dip to buy back in even if its $500. Remember, we're talking about 1/6 of all my wealth. I still have 5/6 in bitcoins =)

didn't mean to criticize your plan. I had the same one, just bought back in (trading with max 2% here myself, btw)

it's still possible to dip down now... who knows, this is bitcoin.

[2dogs]

Crash starts here?

How did you know?

[molecular]

somethings wrong with the btcchina data on bitcoinwisdom: orderbook is around 2370 while ticker is around 2500. been like that for 5 minutes or so.

[molecular]

Crash starts here?

How did you know?

Not to downplay DougTanners call (if it was one), but someone's always right