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

[windjc]

Strong support at 790 stamp. Seems like the bid wall woke up and ate everything. Scary.

People want to buy cheap coins at 790 USD/BTC. Its 24h triple bot at stamp and 4h triple bot at china. Gox is double bot.

It's just silence before the storm.

Well, here is the deal guys. If the bears are going to win they must win big. This market is not just going to trickle down for a month. If it trickles down, it will do so until we get another wave of good news (they are coming more frequently these days) and it will pick up again northward.

So all of you hoping for $400-$500 coins better prey some big hands come in and bust resistance downward. Otherwise, $600 is probably the best you will see in this rally.

I still fully expect us to break northward this week. Everything here looks almost exactly like the chart in March.

How many days left for 1000?

4 1/2

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[philip2000uk]

meh missed to sell at 808$ I think we´re going deep down slowly  

Regulation anxiety (assumed risk) has decreased significantly post-hearings..

With fresh blood and continued SecondMarket purchasing, I vote for up, up being more probable (though hopefully at a "Bitcoin slow" rate).

yeah, it's hard to really know what's up.. now moreso than the april bubble and bust. china's fervor has died down a bit, but the senate hearing changes the whole game. it gives the OK for major retailer to start accepting BTC. if we don't hear any big announcements within the next week or two, i think it might take a dip.

Big companies often move slowly....  I'm working with a few 100K+ employee companies, the decision process is 6 months plus.  Then when the decision is made....  They won't even have the forms filled out to get some of their legal department's time allocated to the issue ahead of their PR department's draft cycle which is already backlogged for the Xmas selling season.
The Accounting departments are tied up with the end of year accounting and the quarterly reporting.
Any new development has to go through the marketing department which has to do a funding allocation request a quarter ahead and then the HR department has to get cleared to hire someone who knows something about what a bitcoin is, which then starts the interviewing process.

If you think that is going to happen in a "week or two", you might as well sell now.  

If you see any announcements, it will be because they have been working on it for a year already.

I bet it feels good when you're not at work and you can just say "fuck it i can buy whatever the fuck i want"    

[proudhon]

Staggering all the way down to $100, with increasing buy amounts on the way down.  Time to take some money.

[Vigil]

I will be fine with $300.

[N12]

Staggering all the way down to $100, with increasing buy amounts on the way down.  Time to take some money.

Are you really putting in new money, ie money you haven't gained from Bitcoin? If so, you surprise me.

[jojo69]

anybody post this yet?

http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/

derpidy derp derp

[Coinseeker]

Strong support at 790 stamp. Seems like the bid wall woke up and ate everything. Scary.

People want to buy cheap coins at 790 USD/BTC. Its 24h triple bot at stamp and 4h triple bot at china. Gox is double bot.

It's just silence before the storm.

Well, here is the deal guys. If the bears are going to win they must win big. This market is not just going to trickle down for a month. If it trickles down, it will do so until we get another wave of good news (they are coming more frequently these days) and it will pick up again northward.

So all of you hoping for $400-$500 coins better prey some big hands come in and bust resistance downward. Otherwise, $600 is probably the best you will see in this rally.

I still fully expect us to break northward this week. Everything here looks almost exactly like the chart in March.

It's bulls who have the most to lose.  Bears are sitting on paper fiat already.  Bulls have to decide how much profit they want to risk, praying there isn't a major downswing.  Whoever's first, wins.  On your marks, get set, GO!  

[dwdoc]

Crashing all the way down to 780!

[solex]

Blockchain.info: "The past 7 days have been really intense, we've seen 70K new wallets created!" 

https://twitter.com/blockchain/status/404941777917837313

How many of those people will have managed to get their fiat to the exchanges yet?

[explorer]

Crashing all the way down to 780!

2.5% is crashing now?

[bnjmnkent]

24h triple bot
4h triple bot
double bot

Forgive my ignorance, please.

[beetcoin]

fucking coinbase.. i was going to get some BTC to buy me some LTC shares, but now it's gone up to $11 on btc-e, while BTC has remaind the same.

[pera]

Before we had big drops and then recovery with very low volume.

Now we still have some drops but we are not recovering anymore: the price is slowly going down with low volume

patterns everywhere!!

[gandhibt]

Ltc train is choooooooo chooooooi

must be rough when you don't know which one of those cryptos is going to make you more rich today

[Rampion]

Staggering all the way down to $100, with increasing buy amounts on the way down.  Time to take some money.

Are you really putting in new money, ie money you haven't gained from Bitcoin? If so, you surprise me.

Probably the good old proudhon realized that being a bear didn't play so well.

Considering how long he has been around, id say that the chunk of his net worth represented by Bitcoin should be so big that allocating new money wouldn't make much of a difference.

[ardana123]

anybody post this yet?

http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/

derpidy derp derp

Holy shit what a fucking moron. Some people REALLY need to be protected from themselves. Obviously, no risk no gain but people like that don't deserve that amount of money.

[macsga]

anybody post this yet?

http://np.reddit.com/r/Bitcoin/comments/1r88vl/need_advice_on_inheritance_arbitrage_family_etc/

derpidy derp derp

Good lord.  

WTF did I just read?  

[Rampion]

fucking coinbase.. i was going to get some BTC to buy me some LTC shares, but now it's gone up to $11 on btc-e, while BTC has remaind the same.

"LTC shares".

If Bitcoin is still alive in a couple of years, these forums are going to be pure insanity.

[N12]

Here is something that could en(b)lighten people sticking to their Litecoin: The current LTC/BTC price is 0.0155. The eventual supply of LTC is 4x the supply of BTC, ie 84 million. Do you really think Litecoin is worth over 6% of Bitcoin?

Now this is not addressing people who are merely mining or trading them to gain BTC, merely those who are stuck in their delusion. Hopefully, there aren't too many of them here.

[kurious]

China close to dropping under 5K people - not good for us bulls...