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

[macsga]

China will wake up soon!!  

[damiano]

China will wake up soon!! 

6:33 am right now

[spooderman]

Bubble pop but without bear market for ages afterwards feels weird. Do I have to go back all in already?

[tHash]

Will the majority of the sellers buy back in after it's clear the bottom has been hit? That's the real question here.

There's some much bigger questions than that here, not ones for this subforum though ;/

... yes?

Probably better just to wait and see how the whole thing plays out in the long term, reset's aren't a bad thing, who's finger's on the reset buttons matters though. Altcoins ftw, this whole money things overrated.

Is there anywhere you can overlay live charts? Looks like something special might have just happened, gox and stamp are still closely matched but China's doing its own thing.

Do you have a thread where you are discussing the bigger questions?   I don't have time to watch what you were seeing happen, but would like to be able to keep up . . .

[Soulpowered]

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

Guys I tried to warn you. Hope you listened.



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Everyone who takes this stuff too seriously, please ignore me.

much awesome, such made my day, wow

[gandhibt]

Bubble pop but without bear market for ages afterwards feels weird. Do I have to go back all in already?

all in is the only option where you can't lose coins (if they are safe)

[damiano]

Gox is getting hammered right now. Meanwhile on Bitstamp/Bitfinex it's a standoff.

[molecular]

so you can put it in through japan and take it back out in china? what is this?

[gandhibt]

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

[pickard]

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

come back down to earth.  It won't be back above 650 for a long time, like 2014.  maybe

[lebing]

After factoring the news from China into the stages of a bubble model and extrapolating, I've come to the following conclusion:

Guys I tried to warn you. Hope you listened.



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Everyone who takes this stuff too seriously, please ignore me.

omg so much chuckle

[pickard]

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

come back down to earth.  It won't be back above 650 for a long time, like 2014.  maybe

statements like these are always bound to fail when it comes to btc price

Maybe.  but the price before btc fever in china was about $180.  It's now a month later and we hit over $1200, now it's $550 and it was dropping before this news.  The latest news today is just the short term nail in the coffin!

I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.  

[ChartBuddy]

[jojo69]

I have no doubt BTC will be back to $1200 and beyond, but to say this is happening anytime soon is just wishful thinking.  

you haven't been around here very long have you?

when this thing turns it can rip your face off

[MAbtc]

I'd be very surprised if we could push it up to $800 at this point, but it's possible.

[OldGeek]

It makes me sad and pissed off that so many smart people here (me included!) get run over by trading.

I'm interested in putting together some quant tools, some portfolio management and position sizing tools, etc, etc, and working with other people here, so that we can have some education to move us away from gambling towards real wealth creation (a la a hedge fund type system)-- probably in a something like a club, at first. I have to program quite a bit of architecture first, so it's a ways off. The tools would allow us to essentially customize our approaches and handle multiple API's on multiple coins and exchanges. You could say I'm just past the 'napkin drawing' stage. 

Would anyone be interested in that sort of thing? 

I'm defo interested, but would not trade on MtSux again.  When you get an option for the BTC-e exchange, I'm in.  Well, in for a smallish amount to test.

[damiano]

market is stable, not overbought/sold and price is creeping up

volume ath was today, isn't that good indicator of bot? maybe it bounces to 800+ and then consolidates somewhere at 600 +/-100

Were in for another sell off

[QuestionAuthority]

I can hardly wait till it's back below $200 so I can start buying again.

[wachtwoord]

I can hardly wait till it's back below $200 so I can start buying again.

They say I'm a dreamer

[Pruden]

Were in for another sell off

With which coins?

www.blockchained.com

For the first time, ask volume decreased during the crash, proving that the sells were pure panic. By this time after the november, 900-450 crashcorrection, ask volume had doubled and reached eventually triple the magnitude. In april it also skyrocketed to 4-5 times the initial value.  Now it shows absolutely no will to even get back to pre-crash levels.