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

[Parazyd]

Could you quit the drug talk? Thanks.

isnt you who started it??! 

No, LOL.

[freethink2013]

I always got my drugs from a local dealer. Paid in cash. First name basis only. I didn't know his address, he didn't know mine. Send drugs through the mail! are you fucking mad?!

Obviously that was years ago and I don't do anything but drink these days. No way I'm going to get involved in the honeytrap that is tor and give the group that snitches far more than any other criminal group my name and address. Seriously, put down the crack pipe. If you used silkroad 1.0 chances are you are a known person of interest and eventually you'll be leant on for info.

holy shit !! by drugs you mean hard drugs or marijuana ?  Adam I think we need a new poll here, It goes like that "are you drug addicted, is this why you started using Bitcoin ? "

my answer to the poll is no. and the previous question's answer would be 'both'

[gandhibt]

once important resistant is breached price tends to rally and then come back to test it as support, just as now in stamp at 720

Did you buy yet?

EDIT: although I admit, I'm not fully behind this mini rally. Just that I'm not a very good bear I guess

yep i bought from 720 wall, im now 10/90 (usd/btc), took a fuckin huge loss buying back in, next target is 850 resistant, i think

Sorry to hear. Also took a (small though, luckily) loss when I bought back yesterday. The last leg of the downternd was really sneaky... I was pretty sure we'd go down further, but then it crept up, slooowly.

In retrospect, I feel a bit like the proverbial frog in a slowly warming up pot, never noticing that the water is boiling him soon

yep, i was so sure that we will go down again so i took too big risk and then you know what happened, came by surprise this rally, but i feel good nevertheless, hard choices are part of trading

i'm not too confident about this rise thou, but i think we go >800 at stamp at least before possible drop, what you think?

[hdbuck]

inb4 bought Bitcoin to get drugs

so i guess im on drugs uhh.. or not?! whatever..

[adamstgBit]

once important resistant is breached price tends to rally and then come back to test it as support, just as now in stamp at 720

Did you buy yet?

EDIT: although I admit, I'm not fully behind this mini rally. Just that I'm not a very good bear I guess

yep i bought from 720 wall, im now 10/90 (usd/btc), took a fuckin huge loss buying back in, next target is 850 resistant, i think

Sorry to hear. Also took a (small though, luckily) loss when I bought back yesterday. The last leg of the downternd was really sneaky... I was pretty sure we'd go down further, but then it crept up, slooowly.

In retrospect, I feel a bit like the proverbial frog in a slowly warming up pot, never noticing that the water is boiling him soon

yep, i was so sure that we will go down again so i took too big risk and then you know what happened, came by surprise this rally, but i feel good nevertheless, hard choices are part of trading

i'm not too confident about this rise thou, but i think we go >800 at stamp at least before possible drop, what you think?

no.

[Parazyd]

inb4 bought Bitcoin to get drugs

so i guess im on drugs uhh.. or not?! whatever..

I'm shocked.

But that didn't start it.

[OldGeek]

Thank you Bitcoiners.  Short term rising trend with some peaks and valleys.

Interesting thing on the 15 min BTC-e chart on Wisdom:  the up slopes are taking much longer to peak than the drops do to hit the valleys.  Bullish?  I think so.

[adamstgBit]

i dont understand why would you buy bitcoin to buy drugs everyone knows bitcoin is the best drug in the world.

[F-bernanke]

i dont understand why would you buy bitcoin to buy drugs everyone knows bitcoin is the best drug in the world.

So true, especially the ATH signs at bitcoinity, such a rush 

[Parazyd]

i dont understand why would you buy bitcoin to buy drugs everyone knows bitcoin is the best drug in the world.

So true, especially the ATH signs at bitcoinity, such a rush  

Those are my favorite!

[oda.krell]

yep, i was so sure that we will go down again so i took too big risk and then you know what happened, came by surprise this rally, but i feel good nevertheless, hard choices are part of trading

i'm not too confident about this rise thou, but i think we go >800 at stamp at least before possible drop, what you think?

k, here's my big secret thought.

alright, it's not really secret. and not particularly big or deep either. anyway:

I have quite some confidence in this rally right now (bid/ask looks good everywhere, several important trendlines are active, volume looks good). As long as we're above 700 (ideal), 670 (less ideal, still okay) (bitstamp prices, as always), we're golden.

That's point 1.

Point 2 is: I have equally much confidence that our correction is far from over yet.

So the tricky part is to figure out how to combine the two. Or more accurately, figure out when #1 ends and #2 kicks in again.

[OldGeek]

...

Point 2 is: I have equally much confidence that our correction is far from over yet.

Anything in particular that makes you believe that?  Anything you would care to share?

[freethink2013]

yep, i was so sure that we will go down again so i took too big risk and then you know what happened, came by surprise this rally, but i feel good nevertheless, hard choices are part of trading

i'm not too confident about this rise thou, but i think we go >800 at stamp at least before possible drop, what you think?

k, here's my big secret thought.

alright, it's not really secret. and not particularly big or deep either. anyway:

I have quite some confidence in this rally right now (bid/ask looks good everywhere, several important trendlines are active, volume looks good). As long as we're above 700 (ideal), 670 (less ideal, still okay) (bitstamp prices, as always), we're golden.

That's point 1.

Point 2 is: I have equally much confidence that our correction is far from over yet.

So the tricky part is to figure out how to combine the two. Or more accurately, figure out when #1 ends and #2 kicks in again.

I think 650 is the figure at which even when people are screaming "china is dead, china is dead" that people will consider those coins cheap. No idea on the upper limit. I think we'll be 4 figure by feb but may hit 650-700 a few times on the way.

[hdbuck]

okay so could anyone give me some 'serious' insight cuz I just cant make a decision:

got couple $Ks now but I need to go travel so i wont have internet for 2days... should i buy back in now or not??

gaaaaddd im lost :/

[gandhibt]

yep, i was so sure that we will go down again so i took too big risk and then you know what happened, came by surprise this rally, but i feel good nevertheless, hard choices are part of trading

i'm not too confident about this rise thou, but i think we go >800 at stamp at least before possible drop, what you think?

k, here's my big secret thought.

alright, it's not really secret. and not particularly big or deep either. anyway:

I have quite some confidence in this rally right now (bid/ask looks good everywhere, several important trendlines are active, volume looks good). As long as we're above 700 (ideal), 670 (less ideal, still okay) (bitstamp prices, as always), we're golden.

That's point 1.

Point 2 is: I have equally much confidence that our correction is far from over yet.

So the tricky part is to figure out how to combine the two. Or more accurately, figure out when #1 ends and #2 kicks in again.

well we're on the same page, i bought back in so that i would get the benefit of the rise to the next dip

i was thinking that because 850 is major resistant that would be turning point, but i not so sure about this... it could go beyond i guess, there's some positive news and volume is starting to rise... but if it goes over 1000 then im starting to second guess about that 2. point...

[Parazyd]

okay so could anyone give me some 'serious' insight cuz I just cant make a decision:

got couple $Ks now but I need to go travel so i wont have internet for 2days... should i buy back in now or not??

gaaaaddd im lost :/

Buy.

[adamstgBit]

...

Point 2 is: I have equally much confidence that our correction is far from over yet.

Anything in particular that makes you believe that?  Anything you would care to share?

the market doesn't move for no reason

why did we go up 200,000% in 2 years?

or maybe the better question why didn't we go 300,000% in 2 years

market can't go back up over 1000$ without a damn good reason.

and if it can't go up it will go down..

[samson]

It's turning into a self congratulatory circle jerk in this thread.

Even if you just bought and held Bitcoin since it was $200 or less I'd like to point out that you could have made a lot more by purchasing certain alt coins and holding them back when BTC was < $200.

Much much more, in fact orders of magnitude more and these markets are only getting started at the moment.

That is all.

up, uP, UP  

[OldGeek]

the market doesn't move for no reason

why did we go up 200,000% in 2 years?

or maybe the better question why didn't we go 300,000% in 2 years

market can't go back up over 1000$ without a damn good reason.

I can accept those statements.  The bigger question remains:  Do we ever know the reasons until too late?

[Parazyd]

...

Point 2 is: I have equally much confidence that our correction is far from over yet.

Anything in particular that makes you believe that?  Anything you would care to share?

the market doesn't move for no reason

why did we go up 200,000% in 2 years?

or maybe the better question why didn't we go 300,000% in 2 years

market can't go back up over 1000$ without a damn good reason.

and if it can't go up it will go down..

The train doesn't need a reason... Was there a reason for the last time it was above 1k?