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

[wachtwoord]

Good news keep pouring in on a daily basis, still the market is paralyzed in waiting for China mode. I feel strongly that we are at a plateau that will never again be revisited, and I have now put everything I am able to into Bitcoins. Does anyone else share this feeling of impending boom?

no!
i think at the moment the whole market is in hodl-position and going to hibernate. just some more hodlers and we will get crazy market actions, because of very thin order books.
first price will crash, then risk-oriented-hodlers will temporariliy get out of hibernation, which will leed to some peaks and bots will have big times but that will be just crazy action during hodl-hibernation.
until the next rally it will stay like this.
and i think the next rally is not very near, as we need many times more news than some months ago, because people were scared big time by the volatility in november/december. the new normal-folk-paradigma concerning bitcoin for now is: "but since china ban it´s dead, isnt it?"

we already see the bid-ask spread in the actual m3 chart of stamp, very bad sign imho

Volatility in November/December was considerably lower than volatility in April/May.

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[kromer]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Source?

“We are working with several other major brands and by the end of January we’ll have at least one more to announce,” he says. He won’t say who that is “to tip the hat of competitors” except to hint that it’s a well-known name in consumer electronics, which makes sense. “Look at the overlap between the demographics of people with Bitcoin and what they want to buy,” Gallippi says.

http://techcrunch.com/2014/01/16/sacramento-kings-fans-can-now-buy-tickets-and-merchandise-with-bitcoin-via-a-new-bitpay-partnership/

[kehtolo]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Source?

“We are working with several other major brands and by the end of January we’ll have at least one more to announce,” he says. He won’t say who that is “to tip the hat of competitors” except to hint that it’s a well-known name in consumer electronics, which makes sense. “Look at the overlap between the demographics of people with Bitcoin and what they want to buy,” Gallippi says.

http://techcrunch.com/2014/01/16/sacramento-kings-fans-can-now-buy-tickets-and-merchandise-with-bitcoin-via-a-new-bitpay-partnership/

I speculate that it might be (just might be) newegg... time will tell.

[EuroTrash]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Source?

“We are working with several other major brands and by the end of January we’ll have at least one more to announce,” he says. He won’t say who that is “to tip the hat of competitors” except to hint that it’s a well-known name in consumer electronics, which makes sense. “Look at the overlap between the demographics of people with Bitcoin and what they want to buy,” Gallippi says.

http://techcrunch.com/2014/01/16/sacramento-kings-fans-can-now-buy-tickets-and-merchandise-with-bitcoin-via-a-new-bitpay-partnership/

I think we need more cowbell

[ShroomsKit]

Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.

Source?

[ShroomsKit]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Sadly enough it most likely will do nothing to the price at this point. People are extremely afraid. They don't even seem to care about good news anymore. It's like they're waiting for the tiniest bad so they can panic dump.
Newegg accepting Bitcoin - everybody is like ok, whatever
Someone in China puts out a tweet just saying the word bank account and everybody shits his pants and panic sells. And is like i knew this would happen!
I'm not sure what these people are waiting for exactly. They just want the price to magically go up without any risk of losing a penny i think.

[EuroTrash]

Stamp

[kehtolo]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Sadly enough it most likely will do nothing to the price at this. People are extremely afraid. They don't even seem to care about good news anymore. It's like they're waiting for the tiniest bad so they can panic dump.
Newegg accepting Bitcoin - everybody is like ok, whatever
Someone in China puts out a tweet just saying the word bank account and everybody shits his pants and panic sells.
I'm not sure what these people are waiting for exactly. They just want the price to magically go up without any risk of losing a penny i think.

Not sure. I think it's what you would call market sentiment. Anyone clued up on bitcoin, or that has been following it for at least a while, knows that the China question is like the elephant in the room.
I think a lot of people, me included are hodling off to see how that plays out.

I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.

[adamstgBit]

BitPay are about to announce another major retailer accepting Bitcoin. That's why I am full BTC right now.

Sadly enough it most likely will do nothing to the price at this. People are extremely afraid. They don't even seem to care about good news anymore. It's like they're waiting for the tiniest bad so they can panic dump.
Newegg accepting Bitcoin - everybody is like ok, whatever
Someone in China puts out a tweet just saying the word bank account and everybody shits his pants and panic sells.
I'm not sure what these people are waiting for exactly. They just want the price to magically go up without any risk of losing a penny i think.

Not sure. I think it's what you would call market sentiment. Anyone clued up on bitcoin, or that has been following it for at least a while, knows that the China question is like the elephant in the room.
I think a lot of people, me included are hodling off to see how that plays out.

I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.

this.

everyone is doing this.

and selling doggy coins, if they have any.

[EuroTrash]

Anyone clued up on bitcoin, or that has been following it for at least a while, knows that the China question is like the elephant in the room.
I think a lot of people, me included are hodling off to see how that plays out.

I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.

this.

everyone is doing this.

and selling doggy coins, if they have any.

But... but... if everyone sold waiting for the price to drop so they can buy back in, won't the market move in the opposite direction? 

[Asrael999]

Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.

Source?

Everyone - obviously.....

[adamstgBit]

Anyone clued up on bitcoin, or that has been following it for at least a while, knows that the China question is like the elephant in the room.
I think a lot of people, me included are hodling off to see how that plays out.

I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.

this.

everyone is doing this.

and selling doggy coins, if they have any.

But... but... if everyone sold waiting for the price to drop so they can buy back in, won't the market move in the opposite direction?  

not necessarily.

is everyone going to buy back higher or just cash out the profits...

this could be one of those times where going down is beneficial on the long term. we will sucker in more people into buying if it gose down. if it only ever gose up, you can bet your ass that the coins are simply being bought up by a handful of billionaires

idk maybe....

please go down PLEASE! i'm begging at this point....

[fonzie]

Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.

Source?

Everyone - obviously.....

I wouldn´t put my bids over 500$. More likely 2-300$

[adamstgBit]

Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.

Source?

Everyone - obviously.....

I wouldn´t put my bids over 500$. More likely 2-300$

I start to buy in the high 700's

because balls!

[granathus]

Dammit when will we see the 700s again. Everyone knows that this is the fair value of bitcoin at the moment, yet we remain in the 800s.

Source?

Everyone - obviously.....

I wouldn´t put my bids over 500$. More likely 2-300$

Cool story bro.

[MatTheCat]

I wouldn´t put my bids over 500$. More likely 2-300$

Short sell today.

Market is being held up by artificial bot trading to allow enough Bid pressure to build up to absorb some fuckers bumper cash outs. 800 BTC cashed out at 10:21 UTC between $814 and $810 (absolutely mental). Next fraction of a Bitcoin took price down to $801. See the way that the market is being engineered and take advantage of it.

Short sell Bitcoin now!

[kehtolo]

Anyone clued up on bitcoin, or that has been following it for at least a while, knows that the China question is like the elephant in the room.
I think a lot of people, me included are hodling off to see how that plays out.

I agree that it is ridiculous that so much importance is given to China and what will/will not happen there.
For me, China is just one aspect of it. I wasn't convinced that the bubble pop had fully played out, and still expected up to re-visit ~$500 on stamp before rebounding and moving back up.
So, i'm taking a patient wait and see approach. It will be interesting to observe the market around 31st.. and the first week or so of Feb. I've got my fiat waiting on stamp to take advantage.

this.

everyone is doing this.

and selling doggy coins, if they have any.

But... but... if everyone sold waiting for the price to drop so they can buy back in, won't the market move in the opposite direction?  

not necessarily.

is everyone going to buy back higher or just cash out the profits...

this could be one of those times where going down is beneficial on the long term. we will sucker in more people into buying if it gose down. if it only ever gose up, you can bet your ass that the coins are simply being bought up by a handful of billionaires

idk maybe....

please go down PLEASE! i'm begging at this point....

I think it's a waiting game, but at least we know it's only another week (or two) to wait. Not an indefinite wait. The market will give up clues as to what it'S decided and people will act. I personally would LOVE to see a dip to anywhere between $450 - $650.. i have been waiting.. but i like everone else will decide in early Feb, when the market does!

[dgarcia]

please go down PLEASE! i'm begging at this point....

I guess it will not go down so much. I suppose Huobi will stop dropping between 4850 - 4750.

[ChartBuddy]

Explanation

[bambou]

please go down PLEASE! i'm begging at this point....

I guess it will not go down so much. I suppose Huobi will stop dropping between 4850 - 4750.

all we need is some whales to wake up.