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

[ChartBuddy]

[dwdoc]

I think this has another panic down leg in it yet

So you think this is a bull trap within a bear trap.

[tarmi]

I think this has another panic down leg in it yet

It's been so gradual so far, I don't even think we've reached the panic stage yet

+1

final blow yet to be seen.

buy when they call the end of bitcoin.

[Mirsad]

I think this has another panic down leg in it yet

So you think this is a bull trap within a bear trap.

It's a bull trap within a bear trap within huge bull trap (or so called bubble).

[TheCoinBull]

+1

[jonat3]

China going down slowly. Not sure if I should buy back or not  

Last crash played out over 2 days ( dec5-7 almost in to 8 ) however the low was hit about 24hrs from the first drop.. I sold at 870 had I waited 24 hrs I was laughing got back in much earlier and saved myself some stress but lost future profits.

With that being said analyze the information you have.. and find a re-entry point(at a gain and loss) that seems reasonable since I believe you already sold.
Either way you need to find a reason why you think the crash slides, drops or ends.

Yes I sold at the bottom @650 and would be happy if I only could get my coins back. I had 35 coins before I registered here in the forum. With listening to some people here I panic sold so many times. With a loss of 4 BTC´s. And now I panic sold again because people here were writing it is the end, adam was even crying. So I sold all at the bottom. Looks like its better to move the coins to a wallet and forget the forum here.

Just have some patients and you will get your coins back and then some...
This is just the first dead cat bounce

Agreed. I think the current price is close to the price Bitcoin would have had (following the trendline) if China had never entered the game. Price may get a bit lower, because people always panic a bit more than the situation warrants, but ultimately even if the price dips 100 dollars more, it would mean that all expectations of China will have been bled out of the system. Bitcoin can then continue to grow on with normal expectations restored.

[QuestionAuthority]

All I ever vote in those polls is buy buy buy.

[Vigil]

reading the news in google translate, it seems that maybe companies were trying to get around the regulations with the banks by using 3rd party financial services. The government feels this was against the spirit of the Dec 5th Guidance and has now shut down that avenue as well.

Still bad. A few hours and the Chinese are up. Lets see what they think.

 

are they allowed to accept the bitcoin as payment, directly, without 3rd party, this could be bullish!

Merchants are not allowed to price their goods/services in Bitcoin.

[mmitech]

I would think it would drop even more, but it seems stable, and might go even up now, but I dont want to try to do anything now, I think I will go to sleep now and wait till tomorrow to see what will happen...

[Davyd05]

I made a sandwich ( put pre made tuna salad on toast ) and were up 20-30 bucks lol I'll make more sandwiches now

[Peter R]

Huge 2000 BTC buy wall at 4000 yuan on BTCChina.  It's saying "FEED ME!"

[jojo69]

Call the bottom with a time line.

sigh, ok

$545 Gox, 28 hours hence

[gandhibt]

I would think it would drop even more, but it seems stable, and might go even up now, but I dont want to try to do anything now, I think I will go to sleep now and wait till tomorrow to see what will happen...

Thats risky, buy with 25%, you can always sell again if you think its a bounce

[seleme]

So, will my bids at 426$ be filled or I am going to have to withdraw some cash and make my lady smile? 

[freet0pian]

Huge 2000 BTC buy wall at 4000 yuan on BTCChina.  It's saying "FEED ME!"

If there ever was one it ain't there anymore.

edit: you meant 200?

[tarmi]

resistance is building up at bitstamp at 710.

that will make the new low go to 610, I suppose.

[seljo]

I was wrong... gonna buy 50 for 25 not 30...

[aazssx]

Huge 2000 BTC buy wall at 4000 yuan on BTCChina.  It's saying "FEED ME!"

Not anymore

[mmitech]

So, will my bids at 426$ be filled or I am going to have to withdraw some cash and make my lady smile? 

426 is a long shot, I was thinking about 600 , but you never now, watching the price now, I might even spend 50% of the cash and cash out the other 50%, so 75% coins with a good profit and 25% cash (sold at 820)

[Peter R]

Huge 2000 BTC buy wall at 4000 yuan on BTCChina.  It's saying "FEED ME!"

If there ever was one it ain't there anymore.

Hmm, you're right.  It's gone now.