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

[seleme]

I'm thinking of going full fiat right now. To buy back at a lower price (hopefully) 

I am going into fiat now too.

Best decision ever.

I love how much there are deluded holders in here. It was bound to fall before rising again. But there was no acknowledgement of the possibilty by the majority. There was even some thread here named a new paradigm: the bubble which doesn't pop.

Best decision ever? You posted that like 2 hours ago.. it's awful decision or awful lack of earlier decisions.

[RAJSALLIN]

Well we are close to bottoming. Think there is about one last wash or two left then we go up. Could linger here for a few hours but don't think days. Bought back most of what I sold at 900 and 1100. Still some last bids left.

Discuss.

Yeah, basically several billion humans found out today that they are not allowed to invest in bitcoin exchanges. I do not think we have hit a bottom.

Discuss.

You are over reacting. The market has fallen a lot already. People are getting bearish in hear as well. Kind of funny how everyone was bullish here a few days ago when we were at 900. Yes that was prior to Chineese news but technically it looked awful.  You must understand that the price drop has de-leveraged the risk quite a lot now. Technically we look much better off now than 3 days ago.

Discuss.

[smashing]

I wonder when this story will be picked up more in the English press than it has so far.... I guess if/when BTC releases something official on their website.

NOT my most stunning Nostradamus-like prediction, but this second wave downwards was on the cards.

Bearing in mind this all happened overnight for the USA, it's the larger media outlets with night-time staff who are leading the story. How US east coast investors will react at GMT, as they fire up their computers for the first time will remain to be seen. I can't see how there won't be further sales at that time, with west coast building on the volume a couple of hours later (they get up early those Californians).

[seleme]

guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.

Those Chinese people who sold because of fear already sold, it's 3 days old news, those who are selling now are those who are trying to cause more panic worldwide and get cheap coins.

[NewLiberty]

http://china.dwnews.com/news/2013-12-16/59357811.html

O

M

G

!
!
!

TL;DR Translation:  Satoshi Nakamoto located and apprehended by Chinese government.  Was carrying emergency bitcoin shutoff code.  Chinese government plans to use code to shutdown bitcoin network.  Satoshi charged with criminal economic disruption.


Coindesk is getting ready to publish an article corroborating this news from internal sources.  This is the end guys.

fake...?

BREAKING NEWS:
Proudhon knows what Coindesk is going to publish before they publish!

The end is near
(The end of the FUD)

[RoooooR]

guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.

Good point.

[traderCJ]

Technically we look much better off now than 3 days ago.

Technicals, schmechnicals.  This is 100% mass psychology.

Discuss.

[Davyd05]

guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.

Those Chinese people who sold because of fear already sold, it's 3 days old news, those who are selling now are those who are trying to cause more panic worldwide and get cheap coins.

I was just debating this with myself oddly as it sounds. But it was more like if the bears have been bearish from the way up from 500+ how can they still have coins to sell now lol..  so I guess either a combo of weak hands plus people with large enough holdings and avg costs buy in per/BTC that are in the single digits trying to drag it down to increase holdings. Alot of this doesn't seem to be the motivation to get more fiat.

[windjc]

Well we are close to bottoming. Think there is about one last wash or two left then we go up. Could linger here for a few hours but don't think days. Bought back most of what I sold at 900 and 1100. Still some last bids left.

Discuss.

Yeah, basically several billion humans found out today that they are not allowed to invest in bitcoin exchanges. I do not think we have hit a bottom.

Discuss.

You are over reacting. The market has fallen a lot already. People are getting bearish in hear as well. Kind of funny how everyone was bullish here a few days ago when we were at 900. Yes that was prior to Chineese news but technically it looked awful.  You must understand that the price drop has de-leveraged the risk quite a lot now. Technically we look much better off now than 3 days ago.

Discuss.

I am not overreacting. Technically we broke through most all resistance.  The trend has clearly been reversed while we have yet to fall as far down in resistance as we did in either 2011 or April. Which means we are falling some more.

People were bearish a few days ago. Now some are panicking, but there is absolutely nothing fundamentally to make the market recover. Can we dead cat bounce again. Sure. As soon as the hemorraging stops and something ignites a small rally, like traders covering their sells.

However, China is not going to sit there with huge differences in price and not arbitrage. That's insane.  And some people are going to try to find a way to liquidate a commodity they can no longer purchase.

Just because you bought back in, doesn't mean we can't fall a few hundred more in price.

[alexeft]

Technically we look much better off now than 3 days ago.

Technicals, schmechnicals.  This is 100% mass psychology.

Discuss.

Sheeple are running!!!!

[wachtwoord]

Holding

[RAJSALLIN]

Technically we look much better off now than 3 days ago.

Technicals, schmechnicals.  This is 100% mass psychology.

Discuss.

Hehe I've basically called this drop exactly how it's happened using technicals. If you want to trade using mass psychology be my guest. If you want to sell some coins to me now I'll buy them.

Discuss.

[Davyd05]

guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.

Those Chinese people who sold because of fear already sold, it's 3 days old news, those who are selling now are those who are trying to cause more panic worldwide and get cheap coins.

I was just debating this with myself oddly as it sounds. But it was more like if the bears have been bearish from the way up from 500+ how can they still have coins to sell now lol..  so I guess either a combo of weak hands plus people with large enough holdings and avg costs buy in per/BTC that are in the single digits trying to drag it down to increase holdings. Alot of this doesn't seem to be the motivation to get more fiat.

http://video.cnbc.com/gallery/?video=3000229171&__source=yahoo|headline|other|video|&par=yahoo BOBBY ON THE PHONE? OH MY LORD

[seriouscoin]

Whenever i read "discuss" i just want to slap the poster across his troll face.


Discuss

[seleme]

guess Chinese people don't understand that disabled exchanges will mean price will sky rocket for bitcoin because there will be no easy way to buy them. And they will need them to move wealth out of the country.

Those Chinese people who sold because of fear already sold, it's 3 days old news, those who are selling now are those who are trying to cause more panic worldwide and get cheap coins.

I was just debating this with myself oddly as it sounds. But it was more like if the bears have been bearish from the way up from 500+ how can they still have coins to sell now lol..  so I guess either a combo of weak hands plus people with large enough holdings and avg costs buy in per/BTC that are in the single digits trying to drag it down to increase holdings. Alot of this doesn't seem to be the motivation to get more fiat.

http://video.cnbc.com/gallery/?video=3000229171&__source=yahoo|headline|other|video|&par=yahoo BOBBY ON THE PHONE? OH MY LORD

Of course there's no need. Short term crash was always going to happen and China did us good in last month or two but long term China was never going to be a main Bitcoin force.

[windjc]

Whenever i read "discuss" i just want to slap the poster across his troll face.


Discuss

??

Discuss

[XxionxX]

How many people are buying coins and just holding for 10k, 50k, or 100k?

I will personally be taking profits all the way up and STILL keeping a large majority of my coins.

I would rather let my coins be worthless than sell them for less than my profit targets. How many others are the same? How many people are holding on principle? Mass psychology doesn't apply to people who want a political revolution like myself.

Holding for better or worse :/

[seleme]

People should stop being nervous and chill up.

Discuss.

[NewLiberty]

Why are the polls on here are always so bullish, no 200 or 300? Not even 450?

>540 is pretty bearish cause it encompasses everything below it.

Shouldn't it be <540?

[Dargumin]

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