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

[markjamrobin]

At the moment it feels kinda bad, waiting for cheaper prices (post crash) to buy some coins.

I'm a little afraid the price will go straight to $x,000 and never come back, with me never having bought any Bitcoins.

Right, so don't go all-or-nothing. Buy some now, and if it does go down buy more. If it goes up, you'll be glad you at least have some.

I would say buy some as well. It is likely to go up, but as previously stated, it will probably crash first.

[ChartBuddy]

[Nightowlace]

At the moment it feels kinda bad, waiting for cheaper prices (post crash) to buy some coins.

I'm a little afraid the price will go straight to $x,000 and never come back, with me never having bought any Bitcoins.

It will be wonderful when that happens. But a 300% gain in a few weeks feels unnatural. Right now I don't believe their is enough of a solid foundation behind BTC to justify that price to the mass public. I always go back and forth on news. I understand BTC and understand its use and value even in the technology alone. So I take that into consideration when evalutaing. If I feel bearish/bullish in news and I understand the use/value imagine what an average investor feels? $30 dip is going to scare the shit out if them and that's bad because there are way more of them right now then tere are people who see the long term potential.

[barbs]

That's the thing we're hoping the market makers are benevolent but those of us who have been in the game from teh start of the year have real emotional scars lol behind the price drop - imagine now with all the hype if that were to happen.

It obviously can happen, this is how cryptocurrencies work, and is the downside of having this kind of return available.

[wilfried]

why so complicated?

new buyers came into the market because of the recent press coverage, it rocketed a while. now that the newbies are done, the sells begin. next hype will come earlier than the last because this time no one was was frightened by a sharp drop this time.

so lets wait for some more news like "hot dog stand in washington accepts bitcoins" and the next rally begins

[BRADLEYPLOOF]

why so complicated?

new buyers came into the market because of the recent press coverage, it rocketed a while. now that the newbies are done, the sells begin. next hype will come earlier than the last because this time no one was was frightened by a sharp drop this time.

so lets wait for some more news like "hot dog stand in washington accepts bitcoins" and the next rally begins

ERMERGERD!!! There's a hotdog stand that accepts bitcoin!!! I'm out, peace bitches!

RABBLE RABBLE RABBLE!!! RALLY RALLY RALLY

[SheHadMANHands]

My impression is that selling now isn't as dangerous as it was weeks ago. Were definitely crashing into the 300s at some point - the question is when and from how high.

Definitely.  Not a word in an investor's vocab.  

We're not definitely or obviously doing anything.

[markjamrobin]

why so complicated?

new buyers came into the market because of the recent press coverage, it rocketed a while. now that the newbies are done, the sells begin. next hype will come earlier than the last because this time no one was was frightened by a sharp drop this time.

so lets wait for some more news like "hot dog stand in washington accepts bitcoins" and the next rally begins

Many places accept bitcoin, especially in big cities.

[BitChick]

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

You should not expect a similar repeat of last bubble, the trend reverse may be more subtle this time,whales suddenly starts red fireworks out of voodoo TA.

I'm not, I was just pointing out that 400+ has in no way behaved like 266 thus far.

I think any of the big dumps in the past few days on the exchanges would have caused a panic sell like April if there was not enough support for the price.  We are at the base of an S-curve.  Everyone should be studying exponential growth to get an idea of where we are headed and to get an understanding of why it is increasing so fast.  The more people that find out about Bitcoin the faster the price will rise.  It is common with any new technology adoption.  If we think this is crazy, next year will be even crazier I believe.  Sure, there will be a few bumps in the road here and there but we will never see anything below $100 again at this point.  I would even venture to say that now that we have "stabilized" a bit here in the $400 range for a few days that the $200s are gone for the most part.  Maybe there will be a day when it dips down for a few minutes but those coins will be bought so fast that it will be hard to catch them.  Just my thoughts.

[BRADLEYPLOOF]

My impression is that selling now isn't as dangerous as it was weeks ago. Were definitely crashing into the 300s at some point - the question is when and from how high.

Definitely.  Not a word in an investor's vocab.  

We're not definitely or obviously doing anything.

+1

[Syke]

so lets wait for some more news like "hot dog stand in washington accepts bitcoins" and the next rally begins

So that's what's driving this rally!

https://bitcointalk.org/index.php?topic=321800.0

[keewee]

Seems like a nice level to take a breather.  
$500 (gox) in the next 2 days !  

did you read the CB blog today?~looks like some nice developments underway..barriers to regular folks buying in falling= greater acceptace it looks like!   i'm going to actually try to buy some off there just for the hell of it!*sounds legit!>>jmho<<

CB blog? Which blog is this?

[BRADLEYPLOOF]

so lets wait for some more news like "hot dog stand in washington accepts bitcoins" and the next rally begins

So that's what's driving this rally!

https://bitcointalk.org/index.php?topic=321800.0

Oh, shit son, there it is!  
/get up
/slam door
/peace out

[CoinArtist]

Like April? WHAT? In April the price hit $266 and immediately started tanking, lag went crazy and caused more fear and lag selling. The price dropped to like 70 in 3 hours. We've been at $400-$440 for over 24 hours now. Nothing like April.

You should not expect a similar repeat of last bubble, the trend reverse may be more subtle this time,whales suddenly starts red fireworks out of voodoo TA.

I'm not, I was just pointing out that 400+ has in no way behaved like 266 thus far.

I think any of the big dumps in the past few days on the exchanges would have caused a panic sell like April if there was not enough support for the price.  We are at the base of an S-curve.  Everyone should be studying exponential growth to get an idea of where we are headed and to get an understanding of why it is increasing so fast.  The more people that find out about Bitcoin the faster the price will rise.  It is common with any new technology adoption.  If we think this is crazy, next year will be even crazier I believe.  Sure, there will be a few bumps in the road here and there but we will never see anything below $100 again at this point.  I would even venture to say that now that we have "stabilized" a bit here in the $400 range for a few days that the $200s are gone for the most part.  Maybe there will be a day when it dips down for a few minutes but those coins will be bought so fast that it will be hard to catch them.  Just my thoughts.

Yup, would BJ a hobo to get them that cheap.

[Richy_T]

How or where do you generate these 3D orderbook history charts?

Custom written code.

[BRADLEYPLOOF]

How or where do you generate these 3D orderbook history charts?

Custom written code.

It's beautiful.  I'd love to see that, but the last 12 months of data instead.  Can you do that?

[prof7bit]

I feel a great disturbance in the force.

I'm calling a top here (or very close to where we are now). All that noise about the greenlisting stuff and the fact that even people like Mike Hearn seem to have turned to the dark side is making people increasingly nervous. There will be a huge correction. There will be blood. In order to maximize my profit from the initial shock I'm now increasing the rebalancing threshold of my balancer bot from 11% to 30%.

[SheHadMANHands]

With big money coming in to Bitcoin now, plus China, I think a $300/$400 price tag is quite reasonable.

Most importantly, public perception is much different than 6 months ago.  Bitcoin is no longer viewed as "the popped bubble" that clearly was a scam and dismissible.  Bitcoin has surpassed the previous "bubble pop" in under 1 year.  The technology is actually taken more seriously.  People are taking the time to actually understand Bitcoin.  This is easily observable in just the media's presentation of Bitcoin over the past few weeks.  It's hard to think of a more powerful and motivating outcome, than something that fully recovers and surpassed a previous ATH, post-devastating crash, in such little time.  That is a serious statement to people on the outside.  Public perception, when there's so much usage to gain, is most important.  To dismiss it as so insignificant is, I think, a mistake.

Thoughts in context.

[Richy_T]

What time is it in China right now, anyway? I'd say middle of the day?

FWIW, ChartBuddy has included BJS time (Beijing airport) since forever.

[tarmi]

get your fiat ready.

during SR flash crash 35 k coins were dumped in a matter of seconds.