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

[ChartBuddy]

[1714626129]

1714626129

[Nightowlace]

OMG OMG OMG BTC dropped 4% SELL SELL SELL WE ARE ALL DOOMED!

Haha. 

[jojo69]

there we go

[capsqrl]

This just means that the top is not yet around the corner. The faster it grows, the sooner it crashes.

These quiet days (aka "consolidation") during uptrends are typically followed by new violent breakouts upwards. After a day or two, everybody decides that the new price level is accepted by everybody else, and then they continue buying. While a bursting bubble seems to pop when the market is already very volatile. Both April 2013 and 2011 are examples of this.

Sundays have been strong days recently as well (no idea why; perhaps buyers think Monday will be the strong day so they try to get in early before the price goes up?). I think tomorrow will be interesting.

[gizmoh]

This just means that the top is not yet around the corner. The faster it grows, the sooner it crashes.

These quiet days (aka "consolidation") during uptrends are typically followed by new violent breakouts upwards. After a day or two, everybody decides that the new price level is accepted by everybody else, and then they continue buying. While a bursting bubble seems to pop when the market is already very volatile. Both April 2013 and 2011 are examples of this.

Sundays have been strong days recently as well (no idea why; perhaps buyers think Monday will be the strong day so they try to get in early before the price goes up?). I think tomorrow will be interesting.

Agreed, just like previous week end.

[gandhibt]

my fiat showed in bitstamp at sunday, maybe this has something to do with sunday rises, don't know how this is possible, are banks finally evolving when there's competition?

[Voodah]

Goat what's your your price target for LTC at New Year's ?

[Voodah]

Is there anyone here who's been able to withdraw through SEPA from Gox? If so, how long did it take?

[explorer]

my fiat showed in bitstamp at sunday, maybe this has something to do with sunday rises, don't know how this is possible, are banks finally evolving when there's competition?

i bet this has more to do with bitstamp than the bank.

however i dont know. just a guess

I've had a few late night/weekend credits at Virtex lately also. If banks were willing to adapt they wouldn't be facing extinction 

[TiagoTiago]

Is there anyone here who's been able to withdraw through SEPA from Gox? If so, how long did it take?

I remember reading someone recently saying it took about 2 weeks, but my memory isn't all that trustworthy; probably better wait for a less second-hand answer to your question...

[Nemesis]

Goat what's your your price target for LTC at New Year's ?

$100....

[adsdas]

soon we're going up wohoo!

[philip2000uk]

Keiser report, dunno if it's got any bitcoin in it (just opened it, probably does lol) something to watch for the weekend
http://www.youtube.com/watch?v=jbdI4FBwMSE

[italeffect]

With he new buy/sell interface on Gox does anyone know if there is still the info that says what your current trading fee and 30 day volume is (and by extension how much volume you need to move down to the next lowest fee)? I can't find it anywhere. With the last no fee period on Gox I was able to get to trade enough to get way down and then stay there for the next 30 days once the fee resumed. Now I can't seem to tell.

[freethink2013]

I'm just going to put this out there...Anything below 5k is a bargain.

[wachtwoord]

I'm just going to put this out there...Anything below 5k is a bargain.

Thanks for your random number

[freethink2013]

I'm just going to put this out there...Anything below 5k is a bargain.

Thanks for your random number

It's not a random number. People are emotionally and psychologically invested in numbers. 100, 200, 250, 500, 750, 1000, 1500,2000 etc....5k

If you follow the charts everytime we approach or go past one of these numbers we waiver, Last big crash was at 266. Really it was about 250.

I was the guy saying anything under 300 is a bargain a couple(?) of weeks ago.

[rpietila]

When the crash comes, I think not many in the forum is buying. After going to $2k and crashing to $1k, would you really buy? Everybody is shitless by then. It is completely at the mercy of the new money then.

[maz]

I'm just going to put this out there...Anything below 5k is a bargain.

I've come to the conclusion you are just a bull-troll.

[explorer]

When the crash comes, I think not many in the forum is buying. After going to $2k and crashing to $1k, would you really buy? Everybody is shitless by then. It is completely at the mercy of the new money then.

   When my money was new, the April crash was a relief, and I bought as quick as I could.  I had been watching (waiting, doh!) and learning early in the year, and looking for the best way to buy in March, then sh!t when crazy and I though I had missed the boat train the first week of April. Even still it was almost 2 weeks after the peak before funds/verification cleared to get started. I don't think we've seen the top of this rally, but when we have, any resulting dip/drop should be a signal for those who have spent the last month with their mouths open. If they don't believe BTC is going much, much higher, they probably won't be in at any price until they have to, to transact business.
   As you have posted repeatedly, waiting is a losing idea with bitcoin, and there is more positive data than ever for those who care to research it.