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

[Coinseeker]

Conclusion: Supply is growing faster than consumption

Again with the BP?  Consider the source.  That's all I'm saying.  No resource we have is infinite and if you believe it is, there is no reason to switch from a debt based monetary system because we can sustain it forever, with infinite resources to build all the crap people buy with credit.  The only other reasons are political and I don't care about that.  

[BTCSTOCKS]

The dump will intensify as we hit $700. People have had a few days to think that $700 is quite a good price to have for the excess coins.

/
So, where do I set first buy when I go to sleep in a couple of hours? 

Think of the value.

If you value bitcoin more than other things, just buy now. If you would like to have more coins but don't mind having some other things as well, select a suitable buyback price.

My buying range is $300-$500 but obviously I haven't set the bids yet because it would look bullish on charts.

(I disregard sarcasm and seize the opportunity to teach )

just admit you owe people bitcoins and you sold too soon! LOL  

[gandhibt]

bring it on! you don't have what it takes! show me the money!

where i could see how much have been bought/sold in the last 24h? according to bitcointicker, in gox buying is gone up from 4-5 hours back (despite all the bearinesh in here)

[windjc]

We have less than 5 1/2 days until we are at $1000.  My countdown continues.

So far, the last 4 days have gone almost exactly like I expected.

[DaRude]

wow some whale just got owned

Is BTC200 considered a whale now?

It's $160,000 worth of BTC... But not yet. In a few weeks though...

True, still thinking at two weeks ago price. Plus this is like his 4th BTC200 order, at least he's just feeding it off instead of just doing one market sell

[crazy_rabbit]

The dump will intensify as we hit $700. People have had a few days to think that $700 is quite a good price to have for the excess coins.

/
So, where do I set first buy when I go to sleep in a couple of hours?  

Think of the value.

If you value bitcoin more than other things, just buy now. If you would like to have more coins but don't mind having some other things as well, select a suitable buyback price.

My buying range is $300-$500 but obviously I haven't set the bids yet because it would look bullish on charts.

(I disregard sarcasm and seize the opportunity to teach )

The truth is that in the long run, any price right now is a good price to buy. Rpietela is probably buying really large quantities, thus he is holding out for a really nice price. But if you are buying just a couple coins, no sense in waiting. When they are worth thousands or tens of thousands each, you're not going to kick yourself for having missed out on scoring that extra $100 price difference that may or may not come. But you will kick yourself if the price skyrockets and you miss out not only on a lower price, but even the current price. Possibly to a really big difference.

[pera]

wow some whale just got owned

Is BTC200 considered a whale now?

I believe is someone dividing his/her selling; dropping all at once doesn't makes much sense in this specific moment

[DaRude]

Someone is really trying to cash out at GOX before monday. He's doing it right in steps though. Probably thinks there'd be a bloodbath on monday during banking hrs when all other bears will start dumping at max liquidity.

This is ridiculous.

"All the bears."

Right. Yeah, there's soooooooooo many bears in Bitcoin right now. Thats why the price went from 200 to 900 and then corrected back to 800.

Reptiela is a bear because $800 just happens to be higher then his logarithmic chart suggest it should be. But thats just the chart he uses. It would have been much higher over his chart line in 2011.

I'd be the first one to admit that i don't know but feel that on Monday it's either gonna go up cause of new money coming in, or go down because of a sell off from people who couldn't cash out on the 18th (last monday). I tend to be bearish but feel like once it recovers past 900 we'd fly past $1000 (china already traded well over $1100 at its ATH)

[maz]

We have less than 5 1/2 days until we are at $1000.  My countdown continues.

So far, the last 4 days have gone almost exactly like I expected.

Would you be willing to put 5BTC on that?

[accord01]

The dump will intensify as we hit $700. People have had a few days to think that $700 is quite a good price to have for the excess coins.

/
So, where do I set first buy when I go to sleep in a couple of hours? 

Think of the value.

If you value bitcoin more than other things, just buy now. If you would like to have more coins but don't mind having some other things as well, select a suitable buyback price.

My buying range is $300-$500 but obviously I haven't set the bids yet because it would look bullish on charts.

(I disregard sarcasm and seize the opportunity to teach )

it's sad that so many people can't even buy anymore coins, because their buying range is like 20-50 or 100-200 or sub 500... guess there is a need for the ETFs and 2nd markets...

[macsga]

China revs up engines. Have a nice evening you western friends. I'm off to sleep.

[JimboToronto]

wow some whale just got owned

Is BTC200 considered a whale now?

When bitcoins cost $80, 2k was considered whale. Multiply by ten.

[ardana123]

I think we might see the great crash tomorrow, if new money doesn't come in and prop up the price some more. I think most people are itching to cash out, but are waiting to see what happens tomorrow. It's over, ladies and gentlemen. Prepare. 

[mb300sd]

The dump will intensify as we hit $700. People have had a few days to think that $700 is quite a good price to have for the excess coins.

/
So, where do I set first buy when I go to sleep in a couple of hours? 

Think of the value.

If you value bitcoin more than other things, just buy now. If you would like to have more coins but don't mind having some other things as well, select a suitable buyback price.

My buying range is $300-$500 but obviously I haven't set the bids yet because it would look bullish on charts.

(I disregard sarcasm and seize the opportunity to teach )

it's sad that so many people can't even buy anymore coins, because their buying range is like 20-50 or 100-200 or sub 500... guess there is a need for the ETFs and 2nd markets...

Buy mBTC

[gandhibt]

cup and a handle is just about ready, maybe little bit lower and then up uP UP! now is perfect time to buy if you don't have lots of coins already

[ardana123]

cup and a handle is just about ready, maybe little bit lower and then up uP UP! now is perfect time to buy if you don't have lots of coins already

Somebody bought in at 700+ prices. 

[gandhibt]

cup and a handle is just about ready, maybe little bit lower and then up uP UP! now is perfect time to buy if you don't have lots of coins already

Somebody bought in at 700+ prices. 

I have been all in from 20 so... few times i have got few bucks after that, but not for long.

[Rampion]

$350 is cheap, it is the ATH from 15 days ago

$500 is a reasonable level to start buyback.

so you're buying back in now?

Now, meaning 'at the moment', I am not buying back in. The price is above $500. My average sale price is $672 and I am not a daytrader. It has to go down a lot before I care to buy back.

Beware my friend, Bitcoin has been well known to break every rule you have been living to so far, the choo choo train is leaving the station and when it finally does it will be waiting nobody.

[windjc]

We have less than 5 1/2 days until we are at $1000.  My countdown continues.

So far, the last 4 days have gone almost exactly like I expected.

Would you be willing to put 5BTC on that?

Sure.

[maz]

cup and a handle is just about ready, maybe little bit lower and then up uP UP! now is perfect time to buy if you don't have lots of coins already

Somebody bought in at 700+ prices. 

I have been all in from 20 so... few times i have got few bucks after that, but not for long.

Gandhibt's zealousness for bullishness is actually quite impressive. Possibly the most bullish bull I've seen.