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

[Voodah]

Too big?

2011: $0.8 to $32
2013 (1): $12 to $266
2013 (2): $130 to $1242

The bubbles get smaller and smaller, and so the deflation of the pops. Plus, big money wants in. We are reaching the tipping point. There's global awareness. People won't forget about Bitcoin anytime soon, I LOL hard at those predicting a multi-year bear market.

My thoughts exactly.

/Unfazed by this drop.

[ailikun]

You have to have balls of steel, to buy at the moment.
80% it's going down

[Ivanhoe]

Bitstamp looking better then Gox.

[seleme]

I'm currently at losing position in approx 30% of my BTC but I'd rather BTC to go to ATH and me to lose few coins than me making few coins if it crashes.

So, go BTC, go

[crazy_rabbit]

All fiat just now, I think I'll give this one a day or so till the dust settles.

Yeah, I can't imagine it hitting an ATH by monday, that's for sure. So, I think we will have some time to make our minds up.

[Voodah]

BTWs: Bill Gates calls Bitcoin a technological tour-de-force, and the sky is falling.

Link?

[kurious]

Ironically, people may have to buy BTC just to GET OUT of Gox...

Will that push the price up?  Counter-intuitive thought?

[Wekkel]

Gox still erratic. None of my trade orders get through. What a mess  

[jojo69]

panic god damn you

I WANT BLOOD IN THE STREETS!!

[freethink2013]

seems like everyone but china is panicking about the news out of china

[adamstgBit]

another day another dead bear, this is wonderfull

[crazy_rabbit]

I think a lot of btc is leaving gox for pastures new

one would wish that were true......

[pera]

tell me bulls, are you happy with the goxloop thing?

Gox is just doing it's thing.

You mean attempting to artificially protect the price?

Do you think the exchange rate would be higher or lower today if Gox never Goxxed? (I'm talking about the entire history of Gox here.)

it obviously stopped a massive panic sell (ie a big "correction")

I would like to know why they choose a 5 minutes window for looping.

[crazy_rabbit]

seems like everyone but china is panicking about the news out of china

Isn't it night time there right now?

[adamstgBit]

[tHash]

If this thing unrolls down to 500 or 350, as I hope it does, it's not going to happen this weekend, IMO. It will be all winter that we take a slide, bouncing off a moving average, finding new lows. It's the same as finding the $70 bottom from the April hike, and same as before that.

For this 'weekend' (it is a 24 hour market, yo), the massive downward pressure will overcompensate, and we'll likely retouch in the 1k range, though perhaps not seeing much higher than 1100 and bye-bye to 1200 for a while.

As stated before, there's time to unwind your positions, careful out there. *says while standing in front of mirror*

You and a LOT of other people as well are hoping for $500.   Which is exactly why it probably won't.   I suppose it could, which would be lucky for all of us, but I don't see it as likely.   I would not unwind a position though, the main regret all of us here have is selling.   We say at one point or another that it would have been nice to catch a top and then a bottom, but what keeps you up at night is knowing how many bitcoins you would have had if you had just held more at one time or another.   Pick a portion to play with, but for your own sanity, put most in cold storage.

[crazy_rabbit]

This time the mainstream medias were involved. And be sure they will talk over and over and over about the crash to make sure everybody is scared for a long time.

Were you here in April?

I was not on this forum but I was in bitcoin. And nobody knew what a bitcoin was.

*sigh* I guess bitcoin is going to be like a persons sexuality. It doesn't matter how many times throughout history it's happened, every time it happens to you, its the first time.

but yeah, we've all already been there before.

[crazy_rabbit]

If this thing unrolls down to 500 or 350, as I hope it does, it's not going to happen this weekend, IMO. It will be all winter that we take a slide, bouncing off a moving average, finding new lows. It's the same as finding the $70 bottom from the April hike, and same as before that.

For this 'weekend' (it is a 24 hour market, yo), the massive downward pressure will overcompensate, and we'll likely retouch in the 1k range, though perhaps not seeing much higher than 1100 and bye-bye to 1200 for a while.

As stated before, there's time to unwind your positions, careful out there. *says while standing in front of mirror*

You and a LOT of other people as well are hoping for $500.   Which is exactly why it probably won't.   I suppose it could, which would be lucky for all of us, but I don't see it as likely.   I would not unwind a position though, the main regret all of us here have is selling.   We say at one point or another that it would have been nice to catch a top and then a bottom, but what keeps you up at night is knowing how many bitcoins you would have had if you had just held more at one time or another.   Pick a portion to play with, but for your own sanity, put most in cold storage.

Don't be so sure about that. A long weekend of negative chit-chat could make people pretty pessimistic and more interested in sitting the game out for a few days.

Great potential for profit of course, but you know. It could happen.

[Walsoraj]

another day another dead bear, this is wonderfull

The day is still young, foolish bull.

[Voodah]

Gox leaking market share every day. The last days of an era.

bitstamp     31.010%   45152.250   0.850 USD
mtgox*   30.000%   43688.600   0.871 USD
btce           29.750%   43320.360   0.880 USD