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

[Spaceman_Spiff]

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

As always, I greatly respect your opinion and determination.

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[Parazyd]

You don't know how bad this is going to get. Double digits by next week.

Please, sub-$100 is dreaming.

[plasticAiredale]

https://i.imgur.com/Kn0eAdz.png

I get what you are implying.  

[haightst]

Coinbase is out of daily coins now by 7AM Eastern time, 4AM Pacific

dude, i just heard Bill Handel pumping bitcoin on the radio!!! WTF!!!   UNREAL!!!


http://www.kfiam640.com/pages/billhandel.html



http://content.clearchannel.com/cc-common/mlib/616/09/616_1348611573.jpg

[Nemesis]

IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.

You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.

Sure, some new money will be more careful after stamp's pitfall, but if this is perceived as a correction, not a crash/pop, I expect a huge influx of new money nonetheless

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

How is it any worse than the other two times? Also, when it gets much higher your friends will reverse their opinions again, yet probably not buy in, then it will 'crash' again, and the process will repeat over and over just as it always does with Bitcoin.

Its funny because i see this as the opposite. When the price rises so fast, it deters new money (or at least smart money). Investors dont want to buy high. They will do analysis and wait for a dip. This is a perfect time for them to buy right now. Thats why its healthy than ever. Bitcoins being moved from old hands to new hands.

Without these "crashes", ppl would cry ..."unfair hoarders, early adopters are too rich"

[Miz4r]

IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.

You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.

Sure, some new money will be more careful after stamp's pitfall, but if this is perceived as a correction, not a crash/pop, I expect a huge influx of new money nonetheless

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

Thanks for the bullshit. I'm going to quote this one for posterity, let's see in a few days how silly you look right now. $900 to $400 (or $453 whatever) is a perfectly normal correction after a crazy double exponential rise from $440 to $900 in only 2 days. That was just insane, and we needed to be put back down on earth. So a retracement to those levels or even a bit lower is perfectly normal. There are still many people waiting on the sidelines to get in but didn't want to buy during this crazy run up, now after this correction they are finally taking their positions to get in so fasten your seatbelts because this ride is far from over yet.

[BitPirate]

IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.

You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.

Sure, some new money will be more careful after stamp's pitfall, but if this is perceived as a correction, not a crash/pop, I expect a huge influx of new money nonetheless

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

Thanks for the bullshit. I'm going to quote this one for posterity, let's see in a few days how silly you look right now. $900 to $400 (or $453 whatever) is a perfectly normal correction after a crazy double exponential rise from $440 to $900 in only 2 days. That was just insane, and we needed to be put back down on earth. So a retracement to those levels or even a bit lower is perfectly normal. There are still many people waiting on the sidelines to get in but didn't want to buy during this crazy run up, now after this correction they are finally taking their positions to get in so fasten your seatbelts because this ride is far from over yet.

We've only been above $400 for a few short days. The correction isn't over.

[EuroTrash]

Predictable vs unpredictable.

Predictable because lots of new suckers have entered the market. Like in April. So they are likely going to bleed the same way.
Unpredictable because most people can see the resemblance to April. So they will try to profit from that knowledge, likely generating a different result this time.

[Miz4r]

IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.

You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.

Sure, some new money will be more careful after stamp's pitfall, but if this is perceived as a correction, not a crash/pop, I expect a huge influx of new money nonetheless

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

Thanks for the bullshit. I'm going to quote this one for posterity, let's see in a few days how silly you look right now. $900 to $400 (or $453 whatever) is a perfectly normal correction after a crazy double exponential rise from $440 to $900 in only 2 days. That was just insane, and we needed to be put back down on earth. So a retracement to those levels or even a bit lower is perfectly normal. There are still many people waiting on the sidelines to get in but didn't want to buy during this crazy run up, now after this correction they are finally taking their positions to get in so fasten your seatbelts because this ride is far from over yet.

We've only been above $400 for a few short days. The correction isn't over.

Doesn't change a thing to what I wrote above, $453 could have been the bottom or we could visit $400 support within the next couple of days. Same story.

[N12]

I smell 2011.

It's really too bad for people who can't imagine how 2013 could possibly be like 2011 because they weren't here at the time.

[ChartBuddy]

[micalith]

I smell 2011.

It's really too bad for people who can't imagine how 2013 could possibly be like 2011 because they weren't here at the time.

One would have to write a long comparative essay to convey this though   

[rpietila]

I have also increased the odds that we are in a bubble correction to about 75%. That said, I expect the following things happen:

- Lowest recorded trade will be in $2XX range, bigger volume around $300.
- It will take only 3-6 months to regain the old highs.
- Volume will all the time be lower than in previous situations, there is no widespread panic or general capitulation

Two bubbles in 2013   Who could have thought...

Beating the yesterday's intraday high (BS: $640, Gox: $750, BTCC: $1000) makes me increase the odds that this is just a weekly consolidation. Every day in declining trend erodes the new investor confidence and induces more and more sales from the earlier investor community.

[Miz4r]

I smell 2011.

It's really too bad for people who can't imagine how 2013 could possibly be like 2011 because they weren't here at the time.

Yes you're so smart Blitz you were there back in 2011 and you know exactly how history will repeat itself right now in November 2013. Even though you thought the same thing after the April 2013 crash, but this time it will really really be just like 2011. It has to be.  

[Nightowlace]

IMO it in everyone's best interest (including manipulators, not including April-style conspiracy theories or 2011-stype Ponzi fears) that we had this major correction, but not for it to be seen as a bubble-pop, in order to make even better profits if/when it really pops once well into the 4-figures. Whether you prefer fiat or BTC, it's surely more beneficial for the correction to end around about the current price, give or take.

You think new money is going to come in after they saw the clear crash that just happened? That, and uncertain dodgy exchanges that hold no certainty in regards to regulatory and legal issues. I think we just need a better platform to trade bitcoins on, that holds no uncertainty in regards to regulation and law, and is operated by reputable people.

Sure, some new money will be more careful after stamp's pitfall, but if this is perceived as a correction, not a crash/pop, I expect a huge influx of new money nonetheless

$900 to $400 is a bubble pop. Period. It's not a healthy correction. It's not a consolidation. It is exactly what I've been talking about. The WORST thing that can happen to Bitcoin. I posted on FB the other day "Bitcoin on the rise about to break $800" huge amount of comments all similar to "wow, awesome, congrats". Then the emails start pouring in. Questions, thoughts, what, how, where. Today I wake up to those same people saying "man I'm glad I sat that out, dude do you want to cut your wrists or what, glad I didn't throw any money in is lose half and still be losing"  

The people on this forum are bitcoiners. The people in the real world are not. They don't give a shit about the technology, they don't believe bitcoins will replace their fiat currency, the only thing they see it as is something they can invest in and every time we start to see some solid new money come in everyone starts speculating and the whales start taking advantage. The only thing people currently see and are talking about "Bitcoin crashes yet again, and costs investors billions".

Wake up people. For people who are so smart, your pretty dumb to try and fool yourself and others that this is healthy and just a nice correction/consolidation.

How is it any worse than the other two times? Also, when it gets much higher your friends will reverse their opinions again, yet probably not buy in, then it will 'crash' again, and the process will repeat over and over just as it always does with Bitcoin.

Every time it's a bigger bubble, bigger losses, and more negative publicity. Which is why they won't buy in.
Which is why they will never buy. Which is why there will never be mass adoption. Which is why Bitcoin will never become all of the things we had hoped it would.

[octaft]

I have also increased the odds that we are in a bubble correction to about 75%. That said, I expect the following things happen:

Are you sure this isn't just because of that dude who keeps putting up and pulling his 1500BTC wall on Gox?

[Nemesis]

wow YOU TOUCHED MY WALL!!!!

Yup that was my wall, i use bot to pull it. Suckers who sold b4 my walls gonna hate me now.


Edit: see noobs? this is how you can get manipulated..

[mmitech]

wow YOU TOUCHED MY WALL!!!!

Yup that was my wall, i use bot to pull it. Suckers who sold b4 my walls gonna hate me now.


Edit: see noobs? this is how you can get manipulated..

you are not the owner of that wall so stop your BS

[micalith]

wow YOU TOUCHED MY WALL!!!!

Yup that was my wall, i use bot to pull it. Suckers who sold b4 my walls gonna hate me now.

lol   

[gambitv]

Interesting how sentiment quickly changes in this thread. Seems to me people forget we have reached double the ATH time and again.

So if you are a believer in bitcoin but would still like your fiat back, just hang on, and jump out at $1510. ( 2 * ath is 2 * 755.0 for bitstamp ).

For Gox you have to put your sell order at $1801.96 ( 2 * 900.98  ).