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

[surfer43]

Next week will be crucial. The chinese will return. Anybody know the current feeling in China ? Still bearish ?

Even the bear is feeling bullish.

[scorp1618]

http://turtlecapital.files.wordpress.com/2011/01/dead-cat-bounce.jpg

[podyx]

Next week will be crucial. The chinese will return. Anybody know the current feeling in China ? Still bearish ?

I just talked to all my chinese friends, most of them are super bearish.

at first i was like:   then i read the username and was like  
to much fud aint good

to teh moon

[kromer]

The Chinese banks re-opening can only be good for the price. New Year, New Rally!

[kkaspar]

That big dump in stamp gave me two thoughts:
1) An old miner/investor saw that the price isn't going anywhere, but he was in profit anyway so he just dumped, without caring much about the loss of an sudden dump.
2) The current stability is is an illusion created to keep the price high so "the right people" can get their money out with better profits. When small buy walls come up to 800, then they will get eaten. Maybe there just was enough buys near 800 and it seemed profitable for one dump and then nudge the price back to 800, then wait and repeat the process. It currently seems that because of low volume, it's not very hard to keep the price where you want it.

2) The current stability is is an illusion created to keep the price high low so "the right people" can get their bitcoin with better prices. When small sell walls come down to 795, then they will get eaten. Maybe there just was enough sheep near 800 and it seemed profitable for one dump and then buy the bitcoin cheaper, then wait and repeat the process. It currently seems that because of low volume, it's not very hard to keep the price where you want it.

FTFY  
bears...

Well we are not seeing big buys that are eating the nearby sell walls. We are seeing big sales that are eating  buy walls. So, if an illusion is created then it's surely not because they want to buy low.

I think it makes more sense to be a bear right now. I sold at the start of December and only came back couple of days ago when I bought in... seeing the low volume I went back to fiat. Now if there will be a rise then the rise won't be nearly as quick and big then the drop will be. Always be what the market is.. be a bull in a bullish market and be a bear in a bearish market.. It's foolish to try and fight it. You have to adopt.

[hdbuck]

I wouldnt expect any rally until gox settle things up. Too much doubt and uncertainty.

[Mythul]

I mean let's stop the FUD for a minute and be serious guys.

Who the hell spends all day on this forum, at least a few days a week and doesn't believe in the bitcoin tech ?

We are all dumb bulls trying to catch the unicorn.

If you are here on the forum and don't have at least 1 satoshi that you should rethink your priorities in life

[GaliX]

DogeCoin just got 13% Amplitude lol.
Amazing, Imagin BTC would just skyrock 100$ in one time haha  

[dgarcia]

Next week will be crucial. The chinese will return. Anybody know the current feeling in China ? Still bearish ?

I just talked to all my chinese friends, most of them are super bearish.

Yeah! That's true. I'm always asking the employees of chinese restaurants what they think about the bitcoin price and they're looking really bearish. And if ask for paying with bitcoin they say, that I can pay with money, cleaning the dishes or birching, but not with "What-the-fuck?-coins".

How could it be more bearish?

[mb300sd]

DogeCoin just got 13% Amplitude lol.
Amazing, Imagin BTC would just skyrock 100$ in one time haha 

It's happened a couple times before.

[OldGeek]

So much for the flat lines.   

[bassclef]

DogeCoin just got 13% Amplitude lol.
Amazing, Imagin BTC would just skyrock 100$ in one time haha 

And now we have MEOW, another freaking animal coin. This is a house of learned men, not altcoin junkies.

[empowering]

Hungry bears are not attractive dinner guests

[adamstgBit]

i just bought a bitcoin derivative that SO FAR has been paying out dividends of 15550.51%/yr 

[flm]

Next week will be crucial. The chinese will return. Anybody know the current feeling in China ? Still bearish ?

I just talked to all my chinese friends, most of them are super bearish.

Yeah! That's true. I'm always asking the employees of chinese restaurants what they think about the bitcoin price and they're looking really bearish. And if ask for paying with bitcoin they say, that I can pay with money, cleaning the dishes or birching, but not with "What-the-fuck?-coins".

How could it be more bearish?

I have lots of Chinese friends are they are all bullish and are majorly invested in Bitcoin...

[micalith]

After the Dec/01 crash and the failure to recover in 2 months, many people realized that the success of Bitcoin is not as certain as it seemed before.  The China actions showed that governments can stop bitcoin if they decide to do so.  Then altcoins blasted a big hole in the arithmetic that "proved" million-dollar prices in a few years.

People are becoming aware that the price is set entirely by the market, and the market does not seem to see those astronomical prices any time soon.

Thrue believers, who would buy BTC at any price, apparently ran out of money. The exchanges apparently became the playground of speculators who only expect the price will rise enough for them to sell at a profit; or fall by a fair amount but then rebound to the current level.  Thus they won't sell for less than X + 50 and won't buy for more than X - 50. And so the price stays at X.

The buying of bitcoins for use in commerce does not seem to be enough to affect the price, and should be offset by the sale of coins by miners and merchants.

pretty much most of this ^

and to my mind, this creates the conditions necessary for any successful price stability manipulation

[DaRude]

i just bought a bitcoin derivative that SO FAR has been paying out dividends of 15550.51%/yr 

BTC.sx bump?

[adamstgBit]

i just bought a bitcoin derivative that SO FAR has been paying out dividends of 15550.51%/yr 

pirate is back?

its on havelockinvestments.com

"B.SELL" it pay out big if the difficulty rises

its wild!

and "B.MINE" which pays out daily dividend of ~300%! (each share pay out what a 5GH minner would)

its crazy!

[ChartBuddy]

Explanation

[Rannasha]

i just bought a bitcoin derivative that SO FAR has been paying out dividends of 15550.51%/yr 

pirate is back?

its on havelockinvestments.com

"B.SELL" it pay out big if the difficulty rises

its wild!

and "B.MINE" which pays out daily dividend of ~300%! (each share pay out what a 5GH minner would)

its crazy!

Gotta love the annual yield estimates of those sites. Especially for deprecating assets like those derivatives.

They're good fun though, making a some coin with B.SELL is easier than taking candy from a baby thanks to the hordes of sheep buying anything that is related to mining at silly prices.