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

[DougTanner]

Buy wall at $800 moved to $850.

[Rampion]

Poor bears....

Better buy back at a loss now.

[Zangelbert Bingledack]

I would rather explain this by goxbux cashout. Other exchanges are not following the widening bid/ask spread at all.

It's a tough call, unlike a month ago where everything was obvious. It could really go either way, but I think 65/35 odds we continue upward in the next week or two. I'll see how things look when I wake up.

[thetopham]

888.88 O.O

[niothor]

Poor bears....

Better buy back at a loss now.

You know , when you were sprouting stuff like it's gonna fall to 40 to raise back to 200 , although I din't agree with you I spent my time reading your arguments.
Now , when you turned bull and we share the same opinion , I find you posts lack something .. or more of something.

[Zangelbert Bingledack]

http://www.reddit.com/r/Bitcoin/comments/1rhwlr/wall_street_doesnt_understand_bitcoin_yet_but_it/

[Adrian-x]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

That is why it's called a physiological barrier.
n00b's like when I was one just a little while ago say I'll cash out at 900.

And there you have it a physical physiological barrier.

[Zangelbert Bingledack]

MtGox ATH broken in yen.

[jojo69]

http://www.reddit.com/r/Bitcoin/comments/1rhwlr/wall_street_doesnt_understand_bitcoin_yet_but_it/

thanks, some dynamite in that

[philip2000uk]

I just can't shake the feeling that there's one more good thrust left in this run.

PUSH BABY! PUSH! Squeeze my hand you're doin just fine "OHHHHHH! OHHHH! EEEEEEEEEE!!!!!!" POP!

[Richy_T]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

That is why it's called a physiological barrier.
n00b's like when I was one just a little while ago say I'll cash out at 900.

And there you have it a physical physiological barrier.

It's like the unexpected hanging paradox. Everyone *knows* that there will be a major cashout at 1000 so everyone *knows* the fight to 1000 will be fraught with battles and crazy ups-and-downs so everbody *knows* it's better to cash out at 900 so...

http://en.wikipedia.org/wiki/Unexpected_hanging_paradox

[the_sunship]

http://www.reddit.com/r/Bitcoin/comments/1rhwlr/wall_street_doesnt_understand_bitcoin_yet_but_it/

thanks, some dynamite in that

fantastic article - thank you. The more level headed analysis of bitcoin I read, the more I'm glad I'm on this ride.

[philip2000uk]

There is really no explanation needed. Market wants up.

Why don't you buy some then? No one with actual money is on the buy side, that is why market is not going up despite your wish.

Well, is not going down neither - in fact it went up since you sold your coins.

it's neither going down.  not a double negative if you do a not then it's not going down either 

[philip2000uk]

900's being a real cocktease.

I really don't get the guys who pile their sell orders on $900. If you think it won't break ATH, just spread your asks below $900. If you think it will break ATH, just pull the ask and let the price slide upwards.

Really, placing an ask on ATH is something I will never understand, but people does that a lot. Never understood the logic in it unless its pure manipulation (inducing the market to think that the resistance on ATH is too high so the price can just go down).

That is why it's called a physiological barrier.
n00b's like when I was one just a little while ago say I'll cash out at 900.

And there you have it a physical physiological barrier.

It's like the unexpected hanging paradox. Everyone *knows* that there will be a major cashout at 1000 so everyone *knows* the fight to 1000 will be fraught with battles and crazy ups-and-downs so everbody *knows* it's better to cash out at 900 so...

http://en.wikipedia.org/wiki/Unexpected_hanging_paradox

It's like how i go to the presumed busiest mall in manchester (trafford centre) instead of manchester city centre shopping at christmas and finding it suprisingly empty.  I go with that logic a lot and it works.

[ShroomsKit]

The fight for 900 is over i think. The 900 wall won. He didn't get to sell his coins. Ends up with nothing instead of spreading them out over 900+ and make even more. Well done.
Of course we'll see a 500 sell now followed by panic sheep and we'll be back at 780 within the hour.

 

[philip2000uk]

The fight for 900 is over i think. The 900 wall won. He didn't get to sell his coins instead of spreading them out over 900+ and make even more. Well done.
Of course we'll see a 500 sell now followed by panic sheep and we'll be back 780 within the hour.

 

Speaking of sheep, the best girl video in the world: http://www.youtube.com/watch?v=HNMq8XS4LhE turns out that the girl in the video is from manchester where i live.

[ShroomsKit]

The fight for 900 is over i think. The 900 wall won. He didn't get to sell his coins instead of spreading them out over 900+ and make even more. Well done.
Of course we'll see a 500 sell now followed by panic sheep and we'll be back 780 within the hour.

 

Speaking of sheep, the best girl video in the world: http://www.youtube.com/watch?v=HNMq8XS4LhE turns out that the girl in the video is from manchester where i live.

No sound on. Looks odd.

Bitstamp is moving up. Maybe it will give that last push Gox needs.

Edit: no, nevermind.

[xthedamnedx]

http://www.reddit.com/r/Bitcoin/comments/1rhwlr/wall_street_doesnt_understand_bitcoin_yet_but_it/

So say BTC becomes THE global/national currency. For shits and giggles, what do you think that would put the price at? Additionally, those who hold over 1kBTC (which is a solid handful) would have such an influence on our economies. I don't want to discredit anyone who was an early adopter of bitcoin...but if the above was to come true, wouldnt you be worried about the power some of these people hold?

[KFR]

It's like the unexpected hanging paradox. Everyone *knows* that there will be a major cashout at 1000 so everyone *knows* the fight to 1000 will be fraught with battles and crazy ups-and-downs so everbody *knows* it's better to cash out at 900 so...

http://en.wikipedia.org/wiki/Unexpected_hanging_paradox

I'm quite sure there's a bit of that going on but it is rather a USD-centric view.

[ChartBuddy]