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

[gandhibt]

Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

You should wait.. it's weekend and you'd most probably have a chance to buy without loss. I'm approx in same situation but will wait.

Too late for that. Ill trade only in short windows when market is bull. It can go lower but Ill wait for another low risk opportunity.

[beaconpcguru]

so 850 is the new floor imo.

We saw total panic tonight and yet once we approached 850 buyers started perking up.

From my experience since 2010 in Bitcoin economy, the mining always lag behind and its always catching up to ATH.

In short, it raise the level of support. Mining is getting more costly so is the bottom of btc price.

Not sure how you can say mining is getting more costly.  This causes me much humor, pardon me whilst I partake it it.  Okay, anyhow so I was mining with 8 7970s ($350/ea) in March with an electric bill of 270$ and then I switched to a Blade with twice the hashrate and a tenth of the power consumption and this has somehow cost me more money.  My brain, bank account, trade acc and my electrical bill are all wrong.  Going to have to figure out how this happened.  

[mmitech]

more good news http://www.bloomberg.com/video/meet-bitcoin-jesus-this-is-my-life-s-calling-GZo3i59eTOSWLV0RSvU__A.html

there will be coverage of Bitcoin for 2 weeks till  Xmas on bloomberg

[Adrian-x]

2000$ in 2 weeks tops.

I may be delusional, but you sound a little bearish and conservative.
I'm thinking perfect storm. Conference grows is Second Markets ETF, gold parity - Bitcoin is at a discount for a new type of investor, and a more stable international legal frame within which to work, and a possibly of a Nasdaq XBT ETF.

Some call Bank of America sending buy signals as bullish, and it is if this Bitcoin sale is going to new players, but my big picture view thinks when the media turns to buy it's time to stop hoarding.

Oh and there is a hard limit

[seleme]

One thing I never wrote here, didn't want to spread bad news...

Last Saturday guy on McxNow chat wrote that he got SMS from his best friend who knew he is into Bitcoins. He told him he is sitting with some Chicago Wall Street guy and he mentioned him Bitcoin and that his friend is into it. Wall Street guy told him to contact him and say to get out of Bitcoin as soon as possible as on Monday some guys are going to start betting against Bitcoin shorting it.

It looked fishy at the moment and even that guy from McxNow didn't pay lot of attention to it based on what he was saying but less than 24 hours after first flash crash happened and we were on top of bullish sentiments at that point.

[seriouscoin]

Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

You should wait.. it's weekend and you'd most probably have a chance to buy without loss. I'm approx in same situation but will wait.

Well you bears can wait on the sideline untill someone decided to buy back in .... then you will cry forever as bear .... like Blitz....

[gandhibt]

I think Mark has known for some time now that gox is history, big boys are coming for bitcoin. Hes just trying to milk last drops and is sitting on a fortune. Everybody should leave the sinking ship and I'm not talking about bitcoin now.

[seriouscoin]

so 850 is the new floor imo.

We saw total panic tonight and yet once we approached 850 buyers started perking up.

From my experience since 2010 in Bitcoin economy, the mining always lag behind and its always catching up to ATH.

In short, it raise the level of support. Mining is getting more costly so is the bottom of btc price.

Not sure how you can say mining is getting more costly.  This causes me much humor, pardon me whilst I partake it it.  Okay, anyhow so I was mining with 8 7970s ($350/ea) in March with an electric bill of 270$ and then I switched to a Blade with twice the hashrate and a tenth of the power consumption and this has somehow cost me more money.  My brain, bank account, trade acc and my electrical bill are all wrong.  Going to have to figure out how this happened.  

In term of your mining capacity, its getting significant lower. Humor me again pls.

[maz]

A chart I posted on one of Risto's threads the other day.

Uploaded by Drew at tradingview 4 Days ago. As a short term bear his comments on the situation made excellent sense to me.



The same chart with the current trading data filled in over time.

let me guess, you have buy orders in at 700.

pathetic

So a guy makes a trading chart with some pretty spot on predictions, backed up by some sound market analysis, I follow that and I'm pathetic?

Lets see what you were saying only 7 days ago:

Honestly, I think you'll be lucky if we see triple digits again. I suspect a big 'crash' around 1500 but not sure it'll crash a third.

Yeah I should have listened to you obviously.

Pathetic?...lol

[kurious]

http://www.youtube.com/watch?v=fBLpx6gQtUU

this is no joke.
we are making a difference.
step back and look at the big picture you silly bears.

Great film - loved it - but I wonder if they're look at the week's takings this week and watching the price go nuts and tank.

If we turn farmers into screen watchers, we aren't helping!

Don't get me wrong, this is the future - but not with 20% fluctuations within hours and broken exchanges!

[atleticofa]

Bears are funny. Do you really think that bitcoin is going down with all the new generation of ASIC worth in billions dollars coming up?

[tHash]

Massive dump incoming, price is stabilizing and no buyers...

Its amazing how there are no buyers, yet the price is going up.. bids keep filling to the lower postions.. 900 coin sell wall moved 200$ back... your right, nothing to see here, move along.

And it has done this many times before crashing in just the last 12 hrs. The price was about to fall through the floor with no sign of stopping - eating thousands of bitcoins in under a couple minutes. The only reason we are sitting here is because Gox engine failed. we have barely moved from the rebound spot.

Not that you may be wrong this time, but you were wrong yesterday.   We did not follow the pattern back to about $1200 like you thought might be possible.   Gox failures tend to bring on crashes, not stop them.   Gox went offline for a day during the last crash, and when they came back online, the crash continued.   That this dip didn't continue as soon as Gox came back means something.   Far be it from me to predict what though, this is bitcoin after all.   It's true that we did not rebound a lot.   People are sitting on their money expecting lower prices.   There is a LOT of money waiting for lower prices, or did Gox withdrawls start working?

[seleme]

Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

You should wait.. it's weekend and you'd most probably have a chance to buy without loss. I'm approx in same situation but will wait.

Well you bears can wait on the sideline untill someone decided to buy back in .... then you will cry forever as bear .... like Blitz....

lol

[seriouscoin]

One thing I never wrote here, didn't want to spread bad news...

Last Saturday guy on McxNow chat wrote that he got SMS from his best friend who knew he is into Bitcoins. He told him he is sitting with some Chicago Wall Street guy and he mentioned him Bitcoin and that his friend is into it. Wall Street guy told him to contact him and say to get out of Bitcoin as soon as possible as on Monday some guys are going to start betting against Bitcoin shorting it.

It looked fishy at the moment and even that guy from McxNow didn't pay lot of attention to it based on what he was saying but less than 24 hours after first flash crash happened and we were on top of bullish sentiments at that point.

Hahhaha, welcome to Wall street. What a joke 

[BitchicksHusband]

do you really have to verify to get your coins off gox now?

Yeah, there's one girl on here who used an alias and can't get her coins off.

[freethink2013]

A chart I posted on one of Risto's threads the other day.

Uploaded by Drew at tradingview 4 Days ago. As a short term bear his comments on the situation made excellent sense to me.



The same chart with the current trading data filled in over time.

let me guess, you have buy orders in at 700.

pathetic

So a guy makes a trading chart with some pretty spot on predictions, backed up by some sound market analysis, I follow that and I'm pathetic?

Lets see what you were saying only 7 days ago:

Honestly, I think you'll be lucky if we see triple digits again. I suspect a big 'crash' around 1500 but not sure it'll crash a third.

Yeah I should have listened to you obviously.

Pathetic?...lol

Posted that on monday before china crisis. If that hadn't happened we'd be at 1300 or something. In this case the person I was talking to was 'lucky'. We'll be back in 4 digits if not this weekend then early next week and you still won't have any coin.

[seriouscoin]

http://www.youtube.com/watch?v=fBLpx6gQtUU

this is no joke.
we are making a difference.
step back and look at the big picture you silly bears.

Great film - loved it - but I wonder if they're look at the week's takings this week and watching the price go nuts and tank.

If we turn farmers into screen watchers, we aren't helping!

Don't get me wrong, this is the future - but not with 20% fluctuations within hours and broken exchanges!

Did you actually watch the video?

LOL if merchants accepting btc, they dont hold btc otherwise they will be in currency business instead of their main business.

The farmers dont even know what is btc.... they just use it only as payment mechanism.

[seleme]

One thing I never wrote here, didn't want to spread bad news...

Last Saturday guy on McxNow chat wrote that he got SMS from his best friend who knew he is into Bitcoins. He told him he is sitting with some Chicago Wall Street guy and he mentioned him Bitcoin and that his friend is into it. Wall Street guy told him to contact him and say to get out of Bitcoin as soon as possible as on Monday some guys are going to start betting against Bitcoin shorting it.

It looked fishy at the moment and even that guy from McxNow didn't pay lot of attention to it based on what he was saying but less than 24 hours after first flash crash happened and we were on top of bullish sentiments at that point.

Hahhaha, welcome to Wall street. What a joke  

Well, it might as well be a joke, I didn't pay much attention to it at that time (let's say unfortunately, I could make few coins id I did but obviously never would do on such kind of info) but after things went as they went I thought about it today and it made more sense.

Not sure only what kind of volume platforms that have that kind of trading had recently, not sure if that volume could be subscribed to big guys.

They guy who posted that stuff there looks pretty pissed today for not acting though. Just saw his angry post there and it reminded me about it so I posted it here.

[seriouscoin]

A chart I posted on one of Risto's threads the other day.

Uploaded by Drew at tradingview 4 Days ago. As a short term bear his comments on the situation made excellent sense to me.



The same chart with the current trading data filled in over time.

let me guess, you have buy orders in at 700.

pathetic

So a guy makes a trading chart with some pretty spot on predictions, backed up by some sound market analysis, I follow that and I'm pathetic?

Lets see what you were saying only 7 days ago:

Honestly, I think you'll be lucky if we see triple digits again. I suspect a big 'crash' around 1500 but not sure it'll crash a third.

Yeah I should have listened to you obviously.

Pathetic?...lol

Posted that on monday before china crisis. If that hadn't happened we'd be at 1300 or something. In this case the person I was talking to was 'lucky'. We'll be back in 4 digits if not this weekend then early next week and you still won't have any coin.

Its always amusing so see some TA trolls (who claim to be a pro... with TA bs) posting some charts of the past to predict the future.

Funny i dont see any of them making a bank.

[seriouscoin]

One thing I never wrote here, didn't want to spread bad news...

Last Saturday guy on McxNow chat wrote that he got SMS from his best friend who knew he is into Bitcoins. He told him he is sitting with some Chicago Wall Street guy and he mentioned him Bitcoin and that his friend is into it. Wall Street guy told him to contact him and say to get out of Bitcoin as soon as possible as on Monday some guys are going to start betting against Bitcoin shorting it.

It looked fishy at the moment and even that guy from McxNow didn't pay lot of attention to it based on what he was saying but less than 24 hours after first flash crash happened and we were on top of bullish sentiments at that point.

Hahhaha, welcome to Wall street. What a joke  

Well, it might as well be a joke, I didn't pay much attention to it at that time (let's say unfortunately, I could make few coins id I did but obviously never would do on such kind of info) but after things went as they went I thought about it today and it made more sense.

Not sure only what kind of volume platforms that have that kind of trading had recently, not sure if that volume could be subscribed to big guys.

Or you could have lost it all... please talk about hindsight.

To all the noobs, when some guys tell you the market will crash.... hes either right or wrong and the chance is as much as flipping a coin because hes clueless as you.