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

[podyx]

dat wall on stamp doe

if that wall is going away, i think we see 600

it feels nice to have fresh fiat on exchanges i must admit

[Davyd05]

dat wall on stamp doe

if that wall is going away, i think we see 600

it feels nice to have fresh fiat on exchanges i must admit

why would this drop be more significant then the last testing of 770s?  just out of curiosity

[podyx]

dat wall on stamp doe

if that wall is going away, i think we see 600

it feels nice to have fresh fiat on exchanges i must admit

why would this drop be more significant then the last testing of 770s?  just out of curiosity

same reason we havent been bouncing between 770-830 the last 3 years

[Davyd05]

dat wall on stamp doe

if that wall is going away, i think we see 600

it feels nice to have fresh fiat on exchanges i must admit

why would this drop be more significant then the last testing of 770s?  just out of curiosity

same reason we havent been bouncing between 770-830 the last 3 years

which is?

[ChartBuddy]

Explanation

[aminorex]

if that wall is going away, i think we see 600

that wall will go.  it is pulling the price down to 795.

my target low is 618, but i find it harder to believe that with each passing day.

[ShroomsKit]

I can't believe people now actually start dumping. Wtf? There is nothing but positive news. Day after day. And what do they do? They start selling.

[nanobrain]

I can't believe people now actually start dumping. Wtf? There is nothing but positive news. Day after day. And what do they do? They start selling.

While there are lots of positive stories with regard to adoption I'd suggest the amount of negative comment/op-ed pieces is actually burgeoning at present (its as if every commentator needs to write one).  I'd posit that is having an effect on new investment entering the market as well as spooking smaller BTC holders.

If I was wearing my lovely shiny hat I'd think all these cassandra articles are being written/published by those wanting to find a lower entry point.

[ChartBuddy]

Explanation

[fluidjax]

I can't believe people now actually start dumping. Wtf? There is nothing but positive news. Day after day. And what do they do? They start selling.

Perhaps the people who helped create the support at $770-$800 are now selling to stop rally, they want to hold the price in this range to remove the Bitcoins perceived volatility weakness.

You can already see in the press articles about it.
http://www.businessinsider.com/bitcoin-volatility-slows-2014-1

Perhaps another objective is to let the fear subside and avoid a capitulation, several million dollars dumped would damage the market considerably and take us back to a few hundred dollars, but this dwarfs the holding of many people (there is several billion $ of bitcoins out there).
I think many large holders now have a real desire to prop the price up.

[podyx]

maybe we remain at $800 in whole feb and then in mars-april we go $10k and in the end of 2014 $100k

calm before the storm 

disclaimer: i dont think we will see $100k in the end of 2014. $10k possibly

[TERA]

Holy cow gox under 1000 volume.

[zerk89]

Bitcoin miners are at the point now if they just got their machines within the past month that they won't even see a ROI. That means they are going to start hoarding everything from this point onwards as it is not mathematically possible to see a ROI, it makes no sense to sell the coins as they will be selling at an inevitable loss. By the end of march there will be artificial scarcity on the markets due to the miners hoarding from now until then. At precisely this time we will see the a price hike of at least 2x current prices. That will spur the next wave of morons who will buy all the latest 3TH+ miners coming out 2nd QTR 2014. It is funny how the mining manufacturers time this perfectly, out of sheer luck or as a byproduct of their own self-mining greed. The process will repeat in this ever expanding pyramid. Incoming 16yo robots for the generic regurgiation of bullshit, with their 1 way linear thought patterns and toddler problem solving skills. It doesn't take a genius to understand how the market works. All of you are in denial. Lots of retards with fancy graphs that don't apply to this pyramid.

[HairyMaclairy]

going down?

Bitstamp move back up immediately.  Huobi has not given you permission to go down.

Good Bitstamp.  You can now have a cookie.  Just don't do it again.

[mmitech]

Holy cow gox under 1000 volume.

Unfortunately Gox is dying slowly, First the drama in April with their trading engine lag, then the Fiat withdrawal problems and now the BTC withdrawal problems.

Gox has been the leader, a year and half ago they held more than 80% of the trading volume, now they lost more than 80% of their volume and I am afraid that they will have to fix all their problems ASAP or they will have 0 volume and then they will have just to shutdown.

but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today.   

[JorgeStolfi]

Bitcoin miners [...] are going to start hoarding everything from this point onwards as it is not mathematically possible to see a ROI, it makes no sense to sell the coins as they will be selling at an inevitable loss. By the end of march there will be artificial scarcity on the markets due to the miners hoarding from now until then. At precisely this time we will see the a price hike of at least 2x current prices.

Er, how many coins will be mined to the end of March? 

Are the low prices really due to the influx of mined coins?

[Davyd05]

Bitcoin miners [...] are going to start hoarding everything from this point onwards as it is not mathematically possible to see a ROI, it makes no sense to sell the coins as they will be selling at an inevitable loss. By the end of march there will be artificial scarcity on the markets due to the miners hoarding from now until then. At precisely this time we will see the a price hike of at least 2x current prices.

Er, how many coins will be mined to the end of March?  

Are the low prices really due to the influx of mined coins?

same coins as always.. but .. really the question is how they' are divided among the different miners and  pools.

add some variance persay for spikes off old machines going offline and or new ones coming on in big shipping waves lol

[RicePicker]

Bitcoin miners are at the point now if they just got their machines within the past month that they won't even see a ROI. That means they are going to start hoarding everything from this point onwards as it is not mathematically possible to see a ROI, it makes no sense to sell the coins as they will be selling at an inevitable loss. By the end of march there will be artificial scarcity on the markets due to the miners hoarding from now until then. At precisely this time we will see the a price hike of at least 2x current prices. That will spur the next wave of morons who will buy all the latest 3TH+ miners coming out 2nd QTR 2014. It is funny how the mining manufacturers time this perfectly, out of sheer luck or as a byproduct of their own self-mining greed. The process will repeat in this ever expanding pyramid. Incoming 16yo robots for the generic regurgiation of bullshit, with their 1 way linear thought patterns and toddler problem solving skills. It doesn't take a genius to understand how the market works. All of you are in denial. Lots of retards with fancy graphs that don't apply to this pyramid.

Its not like its causal miners spending money to buy dedicated hardware to mine bitcoins. These people already probably have mined bitcoins before and will mine at a lost for months and years. I am pretty sure at the current difficulty level most of the people mining are not the ones selling on the exchanges right now... probably holders. The price to mining difficult argument does not work too well for bitcoins.  

[solex]

Holy cow gox under 1000 volume.

Unfortunately Gox is dying slowly, First the drama in April with their trading engine lag, then the Fiat withdrawal problems and now the BTC withdrawal problems.

Gox has been the leader, a year and half ago they held more than 80% of the trading volume, now they lost more than 80% of their volume and I am afraid that they will have to fix all their problems ASAP or they will have 0 volume and then they will have just to shutdown.

but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today.   

Yesterday's volume at Gox of 1458 btc was the lowest since they started in 2010 (except the week they were closed in 2011).

[jl2012]

but to be honest, if it weren't to Gox, Bitcoin wouldn't be at what it is at today.   

If there were no Gox, we would have Box, Cox, Fox, whatever to make bitcoin to be at what it is at today