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

[seljo]

Forum indeed fuckd up it wasn't just me...

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[gandhibt]

im beginning to believe that bot was 612.51, it has tried to break 650 four times with one success (bot), 650 is 50% from rise 125 - 1163 so it's important support, we're maybe going back to 750-850 and then rest there a while and then back to 1000 and beyond

[KFR]

don't panic, its a buying opt. trust me, when the bull horn is heard loud and clear across the world again, its going to be spectacular!

http://www.youtube.com/watch?v=IgRJon4_E20

[NewLiberty]

35$ difference between Stamp and Btc-e  

Looking at the tape...
BTC-e may have more arbing with china.  500 sold in a block on BTC china, and BTC-e followed but stamp didn't.
Small moves and just looking at the recent stuff, so can't really draw any conclusions.
If so, BTC-e will trend closer to China pricing than stamp will, until the arbitraging levels.

[philip2000uk]

I should put a pic from my paysite in to show a double butt cheek  

[Nightowlace]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

[jojo69]

forum just fuck up for you guys?

and downforeveryoneorjustme.com said it's up.

yeah...that was very odd

[NewLiberty]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

Careful.  Sometimes Coinbase decides it is a risky transaction when the price rises between the time you pay and when they give you your coins.  They can reverse the transaction if it goes against them.
You can only do 10 coins a week for certain pricing.

[bombartier357]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

Careful.  Sometimes Coinbase decides it is a risky transaction when the price rises between the time you pay and when they give you your coins.  They can reverse the transaction if it goes against them.
You can only do 10 coins a week for certain pricing.

This has happened to me with Coinbase but it was in my favor.

[ajax3592]

The only people that get burnt are those that buy high and sell low. They lose faith when it is on a down swing.

This has happened time and time again as it grows. It's not 1 or 2 times, it's literally thousands.

[BeatMyBit]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

$21,000 cash at 10pm....hmm, be careful!

[seleme]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

No chooo chooo for you, he's gonna kill you and run away with btc.

RIP mate

[TERA]

I'm feeling bearish again. 

[jojo69]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

$21,000 cash at 10pm....hmm, be careful!

yeah, you are taking security with you right?

[adamstgBit]

I'm feeling bearish again.  

why, its clearly coin for a 3-5 day bounce!

[Nightowlace]

No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!

No chooo chooo for you, he's gonna kill you and run away with btc.

RIP mate

We are meeting at the casino. I'm a Diamond member. I called ahead and security will be present.

[TERA]

I'm feeling bearish again.  

why, its clearly coin for a 3-5 day bounce!

Chinas had a LOWER low than the previous crash.

The bounce was weak.

The order book is cut to 40%.

The support on BT China just vanished and its in a free fall.

BT China is trading $100 lower than other exchanges.

Its possible the periodic spurts of buying are just people arbing and getting out to dump on other exchanges.

The chart looks like it could resemble 2011.

[marcelus]

Denial at an all time high in here. It's a bubble guys, it's happened multiple times over the last few years, this is how Bitcoin is going to grow, each bubble less severe than the last (on a percentage basis), until it stops. Trying to fight the trend is going to get you hurt. Keep in mind we are STILL 10x the low point of this summer, which was ~7x where we started the year.

Just this year:

$10 -> $260 -> $70 -> $1200 -> $300-500? ->


Sell your coins and buy back in when the dust has settled

Quit with the FUD.  

Average stable price before the Q1 run up was $13+ (for a month+)

Average stable price after the correction was about $100, other than during the panic, and at final capitulation.

We were stable at an average of about $130 before this run up (6 weeks).


Let's do a little simple math, which is clearly beyond you.

$13 > $266 > $100  2000% up at peak.   66% drop from peak on correction (other than overshoot and final capitulation)

We can agree each bubble and subsequent correction is less severe.   This means we don't overshoot on the way up as far, and the drop is much less percentage wise, off of the peak, and does not overshoot as far either.

$130 > $1246 > $743 (current)   1000% up at peak.   40% drop from peak.

This would seem to suggest our average "stable" price should be higher actually.   Half the growth, half the correction?  Should settle 33% down, no?

This is only if things are the same, which few would say that they are.   This is simply to debunk your FUD on where the price should settle.   Quit wishing for more cheap coins, you had your chance.

Edit:  Numbers are approximate.

Why are you talking averages? The fact of the matter it did retrace to $70 from $260 and has already retraced to < $600 from this bubble. Yes it may settle at a > $700 average when the dust has settled but there's every possibility we'll test $400 before that happens.

[Wekkel]

If it's going to be 2011, you are literally going to forget all about Bitcoin in about 4 months, leaving any remaining BTC in the dust and forgetting to check regularly on the final capitulation dump which will be the excellent moment to get back in big time.

As long as you still check this forum daily, it's nothing like 2011.

Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.

For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).

[gandhibt]

its silly that people are comparing this to 2011