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

[TERA]

[barbs]

bear trap?

[Richy_T]

Ok maybe I'll keep one coin. But I found a flipper that I can put maybe 50k into an make 200k inside 3 months.

Sounds like a good deal. I was being a bit tongue-in-cheek about real estate. Anything other than $ (or £ or others) is better right now.

Don't be dissin GBP it's also making moves against the $

and it's purple. Sheeet.

Until it's back up to 2.0, I ain't listening. Its current dismal performance has cost me $$$

[Love_and_Squalor]

We are so far oversold it isn't funny.

If there is another dump or wall it is just manipulation....someone is try to move the market to get more coins.

i agree stochastic on 1h chart dipped way down for the first time in a while

[hlynur]

Will someone explain to me the ChartBuddy? Search function isn't helping me.

kay got it, shame on me for expecting to get it spoon-fed.  

https://blockchain.info/charts/bitcoin-days-destroyed

thanks.

[tHash]

This is different from the normal dip/retracement. Sellers are actually running a demolition on the large walls rather than just retracing over low bid depth. Also, over 900,000 coins were transferred today.

had http://www.listentobitcoin.com/ running in the background and my box was constantly grumbling.

http://blockchain.info/charts/estimated-transaction-volume

this spike looks unreal  

i'm overslept atm and on second beer and not sure what to think of this,
but i find it a bit disturbing. (at least on log scale it looks more comfortable)

are these coins from cold wallets flowing back into the system?

don't want to spread FUD, just want to understand what's going on.

.....anyone notice any outgoing coins from some of the big holders?    ...i have no idea what to make of it either.

There was a larger spike in bitcoin volume on October 25.   We were at about $190 at the time.   So, a more logical(in that there is "precedent"), but equally unrealistic interpretation is that a spike volume precedes a spike in value.   See you can make anything mean anything if you don't think about it for very long.   Don't worry about a large number of coins moving.   The only case in which it would make sense to market sell that many coins is if bitcoin was completely dead, and you could quickly get something before all the bids were pulled.   Large holders are not stupid.   Even in a bear market, they would feed them slowly to maximize profit.

tl;dr - nothing to see here, move along

[hlynur]

This is different from the normal dip/retracement. Sellers are actually running a demolition on the large walls rather than just retracing over low bid depth. Also, over 900,000 coins were transferred today.

drunken aberrance....note to myself drink then think, think again then post

.....anyone notice any outgoing coins from some of the big holders?    ...i have no idea what to make of it either.

There was a larger spike in bitcoin volume on October 25.   We were at about $190 at the time.   So, a more logical(in that there is "precedent"), but equally unrealistic interpretation is that a spike volume precedes a spike in value.   See you can make anything mean anything if you don't think about it for very long.   Don't worry about a large number of coins moving.   The only case in which it would make sense to market sell that many coins is if bitcoin was completely dead, and you could quickly get something before all the bids were pulled.   Large holders are not stupid.   Even in a bear market, they would feed them slowly to maximize profit.

tl;dr - nothing to see here, move along

sorry, please file it under drunken posting, i should have thought about it some more instead of simply spitting it out.
lesson learned.  

[rocks]

Was that just the "crash"? Where are my cheap coins I want to double up!

[SheHadMANHands]

Bear critical mass in forum achieved.  

I spy weak hands.

[donut]

Those people are going to be pissed when there's no weekend crash.

[tHash]

Bear critical mass in forum achieved.  

I spy weak hands.

There is only one way to interpret "I'm dumping 75% of my coins"

"I have already dumped my coins, and I want you to sell them back to me cheaper . . ." 


One of the major problems with bitcoin trading, is that many of these day traders loose bitcoins, but at the end of the day, or week, the fewer bitcoins are still worth more useless dollars.   There is no real penalty for being a dumb trader, and so it continues.

[SheHadMANHands]

Bear critical mass in forum achieved.  

I spy weak hands.

There is only one way to interpret "I'm dumping 75% of my coins"

"I have already dumped my coins, and I want you to sell them back to me cheaper . . ." 


One of the major problems with bitcoin trading, is that many of these day traders loose bitcoins, but at the end of the day, or week, the fewer bitcoins are still worth more useless dollars.   There is no real penalty for being a dumb trader, and so it continues.

LOL.  Yes, this hasn't exactly been a zero sum game. 

[ardana123]

So we can all agree: no weekend crash... Market is too confident. I guess it will happen when we're not expecting it then

[Miz4r]

If MtGox was still the one and only exchange that really mattered I think we'd have tanked hard already. But now there are multiple big exchanges that can keep each other in check. A sell off on one exchange can for instance be tempered or stopped by another big exchange that seems more confident with the price. We saw that just now with BTCCHina that was not very much impressed by the sell off on Bitstamp and Gox. They started buying the coins back up to $440-450 after only a small dip while both Stamp and Gox were still sitting almost on the verge of panic ready to start another large selling wave. But the Chinese stepped in and slapped both exchanges around a bit telling them to get a grip on themselves and now the people on Stamp and Gox are all buying happily again.

[keewee]

My guess is that it won't go lower than $420

I made fun of this earlier but it's starting to look like a good call

[San1ty]

Oh no someone let the silly bears out of their cage. Who's going to clean this mess up?

They've been right once even yet they never shut up. What's worse is they go around like they own the place. As I said earlier in this thread a stopped clock is right once a day. A bear is right once in a blue moon.

It's cute because all that they want is coins even cheaper. Just trolling people to bait them into selling. I like myself some bear hide.

What bothers me tho is that they never own up to their 99% wrong calls. But if they are right once, ohhhh you'll know...

And they are gone again... So sad.

[barbs]

I made 300$ off that dip, lol. But honestly the weekend's just begun. To da moon?

i'm going to amsterdam for the weekend, got my bids in place, will try not to check the bitcoin price in da club.

[Rupture]

Damn the price is stuck under 450. Cmon break and go to 500

[adamstgBit]

GO GO GO!

[lucaspm98]

Damn the price is stuck under 450. Cmon break and go to 500

Yes... I just want to see that number for some reason.