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

[nanobrain]

Walsoraj...did you see my wager few pages back? Interested?

Sure, but I will write some beautiful poetry regardless of who wins  

I'm sure you will

[Davyd05]

alot of buying support on gox.

[Vigil]

This is silly. Price needs to go down already.

[jojo69]

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

[Dargumin]

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

On the back of Virgin Galactic & The senate hearing last week, theres only one way we're going this week and it sure as hell isn't down.

[Davyd05]

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

thats how I felt when I bought in at 142 so I'd agree : D the feeling is the important factor not per say the actual xxxfiat/btc price

[BitPirate]

Sorry, I don't want to see a mass adoption bubble right now. Too early. I'd rather have 5-figure coins in the future than a mad gold rush now and millions of Chinese losing their shirts in a massive bubble.

[MickeyT2008]

"New money will be flowing in on monday"  . Chinese aren't buying, very bad sign. Get ready boys...It's coooooooooooooooooming.

Wasn't it like that last Monday morning too?  Everyone waiting for the price to shoot up as soon as the Chinese got out of bed but nothing happening and everyone getting disappointed and bearish?  That only went on until the afternoon (GMT), maybe it'll be the same today.  This suggests that they do most their trading when they get home from work, not when they get up.

[Adrian-x]

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

Only in Bitcoin can the price double in a week and then seem boring and be called "mature".

I've never been more grateful for the ADD generation taking a bull by the horns.

This rocks last week was so last year.

[bassclef]

Sorry, I don't want to see a mass adoption bubble right now. Too early. I'd rather have 5-figure coins in the future than a mad gold rush now and millions of Chinese losing their shirts in a massive bubble.

That would be nice, but is it mathematically possible when everyone finds out about Bitcoin at once?

[chriswilmer]

It seems that bubbles are really just "fragile" states where the price will easily crash if there is sufficiently negative news. You still need some kind of negative news though... all of the last crashes had pretty significant events tied to them (Mt.Gox getting hacked in 2011 and, err, Mt.Gox getting DDOSed in April of 2013). I don't think it will crash solely just because people lose interest.

[BitPirate]

Sorry, I don't want to see a mass adoption bubble right now. Too early. I'd rather have 5-figure coins in the future than a mad gold rush now and millions of Chinese losing their shirts in a massive bubble.

That would be nice, but is it mathematically possible when everyone finds out about Bitcoin at once?

If everyone finds out at once, that is your cue to exit. I'd rather have a few more years of slow 10x growth first.

BTW CCTV news and radio is already running segments advising people not to buy bitcoins, that it is too risky. This is the start. If people do lose their shirts in  a massive "choo choo to 2k" bubble and subsequent pop, it will be a very long winter -- and the excuse the government here needs to regulate.

Call me greedy, but a 2k cash grab isn't really what I want for bitcoin. I was hoping for bigger things. Double top at $900 is probably the best scenario right now.

A good crash now, test *real* support, let the exchanges work on improving some more and some more infrastructure being put in place, and we can be very wealthy early adopters. Alternative is 50% or more of us get shafted in a few weeks.

[MahaRamana]

you know, I think this 800ish area (and this being bitcoin, by "ish" I mean 700-900) is starting to look, dare I say, "mature"

if I was new money flowing in tomorrow, after transfers on last weeks exposure, I might look at this chart and say "yep, don' wanna miss this train"

just sayin'

I agree... I would love to see a deep correction to load up. But I don't see it happening.

What was a resistance is becoming a support. It feels to me like the market is getting ready for the run to 1000.

[ChartBuddy]

[nanobrain]

A good crash now, test *real* support, let the exchanges work on improving some more and some more infrastructure being put in place, and we can be very wealthy early adopters. Alternative is 50% or more of us get shafted in a few weeks.

Although I'm pretty bullish about this week (see wager with Walsoraj) I do tend to agree with these sentiments: a breather for infrastructure improvements would be very welcome...although current economic idealogies tend to dismiss infrastructure building when markets are down, so whether it will happen will depend on exchange owners having some prescience.

Although I don't think BTC lends itself to too much TA I have to say I was looking at the Gox monthly chart, 15min intervals and you can draw a very nice Andrew's pitchfork...

[mb300sd]

Excellent, everything is going according to plan....

For the last time, will you please quit trying to break all of space and time. Thanks.

wibbly wobbly, timey wimey?

To the snail!

Yess!

When 1 bitcoin buys one, I'll be getting 2 of these snails

[MickeyT2008]

Is it just me having changed some setting or have MtGox just changed their trading interface into an annoying and completely useless one?

[Walsoraj]

Walsoraj...did you see my wager few pages back? Interested?

Sure, but I will write some beautiful poetry regardless of who wins  

I'm sure you will

I'll graciously give you 1 hour (from this post) to back out of our bet. Let me know.

[italeffect]

Is it just me having changed some setting or have MtGox just changed their trading interface into an annoying and completely useless one?

Yes looks like they changed it for the worse.

[crazy_rabbit]

Sorry, I don't want to see a mass adoption bubble right now. Too early. I'd rather have 5-figure coins in the future than a mad gold rush now and millions of Chinese losing their shirts in a massive bubble.

I wonder how one slows down a bubble though. We all know when one is forming, but we are more or less powerless to stop it. So what to do?