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

[samsam]

Whoa, the Chinese are dumping.

[freet0pian]

My analysis:

It's christmas, therefore RED.

[UnDerDoG81]

I have new FIAT on Stamp and also FIAT from my sold Coins. Wondering when it will be a good time to get in!?

Had an order on stamp @501 but canceled that, maybe we´ll go under 500  

[ChartBuddy]

[Xiaoxiao]

Why are people still selling?
Look at that tidal wave of bid orders + triple bottom!

Am I missing something?

Bottom is far away. China bought a crapload of coins. They need to sell them till jan 31 and they will.
I would not advise to keep 100% btc.

How come you are so enlightened about the needs of the Chinese people?

Chinese new year is coming up right after their cashout deadline.  Source: I am Chinese.

So this Chinese new year makes it impossible to just hold the coins on another exchange or in a wallet? Must be year of the compulsive spending rat.

I was a bit joking, but we do spend A LOT during new years. More so than Christmas compared to western cultures.

[meanig]

Xiaoxiao, I have a couple of questions for you.

What do people in China think about the health of the economy?

How do you buy precious metals in China?

Thanks

[MicroFi]

[mmitech]

yes this thread is really silent .... nervous people or it is the weekend effect ?

[meanig]

yes this thread is really silent .... nervous people or it is the weekend effect ?

Christmas shopping

[mmitech]

yes this thread is really silent .... nervous people or it is the weekend effect ?

Christmas shopping

oooh people spending money      hahahahahah

[granathus]

Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.

[rezurect]

Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.

How about : Just a Bull Trap ??

[merkin51]

Just itching to buy back in... this is torture!

[granathus]

Just itching to buy back in... this is torture!

I know that feeling

Worst thing to imagine is standing at the station with your pockets full of fiat, seeing the train gaining speed in the horizon...

[TooDumbForBitcoin]

I just devised a price forecasting tool that is dumb and will not work.

Test:  Gox descends to 500 tonight at midnight UTC, +/- 30 minutes.  (Nine hours from this post).

[mmitech]

Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.

if you knew about bitcoin when it was 1000 than sure 550-600 is really cheap, if you knew about bitcoin when it was $10 and if you were present on the crashes we had than 500-650 still looks optimistic, although I have to point out that any move you do now is really risky because bitcoin by nature is unpredictable.

I know that I risk so much but I make sure that I wont regret my action if the price will start climbing so fast.... most of the time I am all BTC but when I have the sense of the price going down I sell 50% and open limit orders and wait, if the price start climbing back my strategy is to cash out.

since I invested in bitcoin, I cashed out less than 15% of my holdings, I always think about cashing out some of my profits but I always buy back because at the moment I don't really need that cash...

[ChartBuddy]

[Kramerc]

Just itching to buy back in... this is torture!

I have sold at 670, two days ago. Since then, the price went up to 720, went down to 550 and kept fluctuating so I can say that I do know the feeling, even though I'm in this thing for only 2-3 weeks now. Now, the itch and anxiety have faded, and I'm just watching and waiting for the perfect moment to jump back in, but not before we get to another low. Be patient and have some sort of a plan, any plan; that will help drive the anxiety away.

[granathus]

Seems to me there is developing a consensus in the market that 1BTC is AT LEAST worth something like $550. All the new people coming in have in the back of their heads that price has been +$1000 and with the momentum and press Bitcoin has now, it is just common sense that this is a good price. Which can be seen in buying pressure whenever we move down below 600. IMHO.

if you knew about bitcoin when it was 1000 than sure 550-600 is really cheap, if you knew about bitcoin when it was $10 and if you were present on the crashes we had than 500-650 still looks optimistic, although I have to point out that any move you do now is really risky because bitcoin by nature is unpredictable.

I know that I risk so much but I make sure that I wont regret my action if the price will start climbing so fast.... most of the time I am all BTC but when I have the sense of the price going down I sell 50% and open limit orders and wait, if the price start climbing back my strategy is to cash out.

since I invested in bitcoin, I cashed out less than 15% of my holdings, I always think about cashing out some of my profits but I always buy back because at the moment I don't really need that cash...

When comparing how the price looks for a person knowing bitcoin when it was at $10 with a person getting to know it the last months, you have to take into account how enormous Bitcoins progress towards adaption has been. At $10 it was basically just a bet for the pure visionaries, totally unproven in all aspects but the theoretical. At $1000 we were dealing with something that just might change the concept of money as we know it. Since then the price has halved, and apart from the China spectacle, the good news keep rolling in.

Personally I am fully accepting towards the prospect of losing my entire Bitcoin investment, but I will not risk the regret of not acting on and taking the chance on something that resonates completely with me. I have a strong feeling Bitcoin will change the world. If it doesn't, I will go on with a smile on my face, feeling good that i did what i believed to be right.  

[granathus]

Just itching to buy back in... this is torture!

I have sold at 670, two days ago. Since then, the price went up to 720, went down to 550 and kept fluctuating so I can say that I do know the feeling, even though I'm in this thing for only 2-3 weeks now. Now, the itch and anxiety have faded, and I'm just watching and waiting for the perfect moment to jump back in, but not before we get to another low. Be patient and have some sort of a plan, any plan; that will help drive the anxiety away.

In it for 2-3 weeks.. Does that mean you bought in at +$1000?