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

[pera]

Hmm it seems we still need a final capitulation?

There is no final capitulation in Bitcoin: there is no physical bottom!

[Spaceman_Spiff]

The so-called whales from the time of 100-150 are now little babies that cannot manipulate the market any longer.

The fiat whales.  The BTC whales just became "real" whales in the "real" world.

[bitcodo]

Bulls that are all in and just hold and don't trade are buying cheap coins. Bears are selling coins that they sold at 20$.

This is insane!

[Rampion]

Big volume divergence, technicals are screaming "down we go"... And hard.

On the other side, we all know BTC doesn't give a shit about technicals, at least most of the times. Placing some bids around $330/350 on Stamp seems reasonable, "just in case"

[wachtwoord]

My wife wants to spend my coins  

Give her 1 BTC, tell her to reinvest and  that she can go crazy on the earnings.

She'll probably appreciate BTC more after she comes back with 0.

Gave my wife 1000000 baht worth of btc a while ago.

Told her to do whatever with it but i was not going to buy anything for her for a long time.

She bought gold some cash asicminer stock and kept a lot of btc. She said no to ltc at five cents...

Anyway i think she is going to use half of it to buy a massive house in thailand. Im too cheep to buy a house... i rent at $125 a month lol.

AnywY its been an interezting ride but her biggezt complaint is my not telling her what to do. I told her thats why i did not keep her in the loop in the first place.

She missed ltc and did not sell the asicminer at 5 when i said was a good idea.


Oh well she is pretty at least

Why? If you're better at dealing with money isn't it better for you to handle the finances and just to give her money when she needs it for something?

A $31.5k gift isn't the most personal gift I ever heard off

[windjc]

This is going to have to shake out for a few more days.

I mean a correction should last more than 12 hours in the world of reality.

I think we go lower until we find our bottom. How low we or how long we stay there depends on how much new money is flowing into the markets with all the new press. I suspect it is quite a lot and if we consolidate lower, people are going to see that as a buying opportunity.

Just too much good press for the markets to not adjust upwards after a while.

But I am bearish for the next 3-5 days.

[bitcodo]

This is going to have to shake out for a few more days.

I mean a correction should last more than 12 hours in the world of reality.

I think we go lower until we find our bottom. How low we or how long we stay there depends on how much new money is flowing into the markets with all the new press. I suspect it is quite a lot and if we consolidate lower, people are going to see that as a buying opportunity.

Just too much good press for the markets to not adjust upwards after a while.

But I am bearish for the next 3-5 days.

+1

[macsga]

Going for a double bottom Ladies n Gents...

[Vycid]

Hmm it seems we still need a final capitulation?

There is no final capitulation in Bitcoin: there is no physical bottom!

What the hell does that mean? What's the "physical bottom" for gold?

Speaking of which: does anyone know if it's workable to cash out on btcchina, buy gold bullion, and get it shipped to the States? Could a company be started to do that to exploit the huge arbitrage in the exchanges?

[Nikolaj06]

Any guesses to why stamp is slowly dropping all by it self? Delayed reaction because of ddos?

[jojo69]

What the hell does that mean? What's the "physical bottom" for gold?

the cost of pulling it out of the ground,  it can undershoot below that, but it can't stay down there for long

[bnjmnkent]

Going for a double bottom Ladies n Gents...

I must admit. It has been a while since serious TA could be seen in this thread

[bnjmnkent]

Any guesses to why stamp is slowly dropping all by it self? Delayed reaction because of ddos?

It occurs to me that every exchange undergoes your observed behavior, and:
http://www.coindesk.com/bitstamp-suffers-banking-software-issue-ddos-attack/

[Vycid]

What the hell does that mean? What's the "physical bottom" for gold?

the cost of pulling it out of the ground,  it can undershoot below that, but it can't stay down there for long

That assumption is incorrect, it doesn't matter how much it costs to produce if people don't want it that much and there's tons of it in existence.

You know it costs money to mine a bitcoin, right?

[adamstgBit]

What the hell does that mean? What's the "physical bottom" for gold?

the cost of pulling it out of the ground,  it can undershoot below that, but it can't stay down there for long

That assumption is incorrect, it doesn't matter how much it costs to produce if people don't want it that much and there's tons of it in existence.

You know it costs money to mine a bitcoin, right?

i didnt know!
i paid in BTC  

[Spaceman_Spiff]

Speaking of which: does anyone know if it's workable to cash out on btcchina, buy gold bullion, and get it shipped to the States? Could a company be started to do that to exploit the huge arbitrage in the exchanges?

I know right?  Professional arbitrageurs must be drooling at bitcoin exchanges.

[CryptStorm]

What the hell does that mean? What's the "physical bottom" for gold?

the cost of pulling it out of the ground,  it can undershoot below that, but it can't stay down there for long typically, because it is used as a store of value, is fungible, and was the worlds currency for a large bulk of years (after salt, before pound sterling), it tends north of physical bottom

That assumption is incorrect, it doesn't matter how much it costs to produce if people don't want it that much and there's tons of it in existence.

You know it costs money to mine a bitcoin, right?

ftfy  

[Spaceman_Spiff]

You know it costs money to mine a bitcoin, right?

i didnt know!
i paid in BTC  

Since when is BTC not money?    Shame on you Adam !

[DougTanner]

Here we go again. 

[macsga]

I think I found the second bottom!!!