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

[windjc]

My point in my last post was that in my humble opinion, no one should "follow" one particular posters advice. Is there good advice on the forum? Absolutely. But it comes from a variety of sources.

I think part of the confusion is the definition assumed for the word "follow."  I mean it in the twitter sort of way, as in "pay attention to."  I don't mean blindly do whatever that person suggests. 

Yeah, I misunderstood the semantics of your posts. 

[ChartBuddy]

[piramida]

In fact, dozens of people invested $130 or less in Nxt a few months ago and now own the equivalent of 6000 BTC.

I have a hard time believing that it's actually possible for a dozen people to all cash out a total of 72000 BTC from that market.

I seriously doubt it is possible to cash out 50 BTC from that market, I saw that exchange But some people may profit a little while it's still alive, sure.

[Parazyd]

Anyone gonna sell off for new year?

[T.Stuart]

There is a level you should never forget, which applies to almost everyone - "big or small" - posting here: they want to make money based on their ideas of where the price will go.

There is plenty of FUD both ways.

The most important thing is to take a step back from the daily blah blah and TA and get your own ideas about Bitcoin the technology, stock, currency, whatever, and base your money on this.

[T.Stuart]

Anyone gonna sell off for new year?

No

EDIT: not me anyway!

[stereotype]

In fact, dozens of people invested $130 or less in Nxt a few months ago and now own the equivalent of 6000 BTC.

I have a hard time believing that it's actually possible for a dozen people to all cash out a total of 72000 BTC from that market.

I seriously doubt it is possible to cash out 50 BTC from that market, I saw that exchange But some people may profit a little while it's still alive, sure.

"Total Volume:    295815629.92 NXT (9005.4240 BTC)"

You can add ~20% for off-exchange trades, and the majority of that figure happened above 0.00001btc/nxt

[mmitech]

good morning, I was reading the last few pages, I've got the impression that something was happening last night, I went to check the price chart and cant see any major drop !!!

so are bears still talking about a dream or there is an actual fact will be leading the drop ?  the price seems to me somehow stable....

for the long term holders, I honestly don't think that the price will go 100x like it went this year, but 2-5x seems reasonable and achievable to me...  

 

[piramida]

In fact, dozens of people invested $130 or less in Nxt a few months ago and now own the equivalent of 6000 BTC.

I have a hard time believing that it's actually possible for a dozen people to all cash out a total of 72000 BTC from that market.

I seriously doubt it is possible to cash out 50 BTC from that market, I saw that exchange But some people may profit a little while it's still alive, sure.

"Total Volume:    295815629.92 NXT (9005.4240 BTC)"

You can add ~20% for off-exchange trades, and the majority of that figure happened above 0.00001btc/nxt

total volume is not at all indicative of how much could be cashed out. even daily isn't close but I agree, 50 may be too low of an estimate. but 50btc sale would move that market by an order of magnitude, you should see the order book for that.

[Parazyd]

good morning, I was reading the last few pages, I've got the impression that something was happening last night, I went to check the price chart and cant see any major drop !!!

so are bears still talking about a dream or there is an actual fact will be leading the drop ?  the price seems to me somehow stable....

for the long term holders, I honestly don't think that the price will go 100x like it went this year, but 2-5x seems reasonable and achievable to me... 

 

It's been pretty stable this weekend.

[rpietila]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

[niothor]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

God how you love to play with words.
After a few days , if nothing happened you're going to come back and say:  "I said how it looked , not what will happen."

[granathus]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

What is making it look like that? To me it looks like the market is about to fall asleep, being super satisified with current price.

[ChartBuddy]

[Carra23]

Everyone knows my long term and mid term predictions, so it's time to reveal a short-term one: the market looks like it could crash imminently any time now.

Whats the target price?

[T.Stuart]

Looks like stability between 725-775; seems fragile as everyone is used to the bipolar Bitcoin experience!

[mmitech]

all I see that bears talking about a drop/crash but no one states why, and please don't pull the "data from the last two crashes", because unless you compare the reasons of why they crashed the last two times with this time you are not going to convince me.

I can count dozen of good news that might drive the price up, but I would like to know why it would drop to $450-500 ?

[granathus]

Is Rpietila really going to dump 4k coins to prove himself right? 

[gandhibt]

all I see that bears talking about a drop/crash but no one states why, and please don't pull the "data from the last two crashes", because unless you compare the reasons of why they crashed the last two times with this time you are not going to convince me.

I can count dozen of reason of good news that might drive the price up, but I would like to know why it would drop to $450-500 ?

idk how low, but i have presented some numbers to back up further down move

- bid/ask ratio is down
- bid/ask ratio peaked at $764 stamp and trend is down
- a lot was sold yesterday, yet little was bought when we got back up
- important support ($700 stamp) was sold through
- price trend is down, lower high was $725 stamp
- there's no volume

calm before storm?

[mmitech]

all I see that bears talking about a drop/crash but no one states why, and please don't pull the "data from the last two crashes", because unless you compare the reasons of why they crashed the last two times with this time you are not going to convince me.

I can count dozen of reason of good news that might drive the price up, but I would like to know why it would drop to $450-500 ?

idk how low, but i have presented some numbers to back up further down move

- bid/ask ratio is down
- bid/ask ratio peaked at $764 stamp and trend is down
- a lot was sold yesterday, yet little was bought when we got back up
- important support ($700 stamp) was sold through
- price trend is down, lower high was $725 stamp
- there's no volume

calm before storm?

- bid/ask ratio is down  true
- bid/ask ratio peaked at $764 stamp and trend is down IDK
- a lot was sold yesterday, yet little was bought when we got back up , think about it, allot sold means allot bought.... 
- important support ($700 stamp) was sold through , I think there is still a fair support, but mybe a flash drop that will recover right away is also possible
- price trend is down, lower high was $725 stamp, still doesn't justify a drop to 500!
- there's no volume, I agree, but we are at a part of the year when this is normal