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

[fonzie]

So what did you expect a crash to 200$ in 30 minutes. We went down 200$ in 2 days, that´s quite a lot! And it only stopped dropping for a few hours and all of you are still convinced
that this is ultra bullish??? Your so called recovery was on low volume and doesn´t proof anything. Don´t feel safe, Karhu isn´t done yet.
This bear market will continue a lot longer.

Any idea when will the bear market stop ? Fonzie do you want BTC to crash that much ?  

I´m expectin at least two 2 months, i have no idea how BTC will behave after this, maybe sideways for months maybe a bit bullish. But i wouldn´t expect another real bull market for the first half of this year, if there
should ever be another bull market   after MtGox might be goin down with ~50 Mio. USD Customer funds.  

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[ChartBuddy]

Explanation

[cdooer]

~100 Hours Remain

Until its Tuesday?

[empowering]

[mb300sd]

Secondmarket news is huge!

And coinsetter keeps tweeting about signing up, but still in private beta good news I guess.

[JorgeStolfi]

Consider this plot of the BTC price at Huobi over the last 2.5 days:



Note that the volume plot at bottom is roughly mirrored on the price plot, as deviations from the almost straight trend line (in blue).

It is as if Huobi's clients wanted the price to be much lower, but are fighting against a "force" that wanted the price to follow that trendline.   So the price falls while they are active, but springs back towards the trendline when they slow down for lunch or go to bed.

What could be that mysterious force?

It does not seem to be the bulk of traders at the non-Chinese exchanges, since their activity rises and falls in sync with Huobi's volume -- that is,
on China's clock, rather than Canada's or Bulgaria's -- and they seem to be just following Huobi's price fluctuations. 

[billyjoeallen]

Ok so it seems Gox is just going to be dead. Other exchanges are already getting ready to replace it from there.

-> http://www.coindesk.com/secondmarket-takes-first-step-to-becoming-us-exchange-with-new-seller-service/

Now this is big!!  Go SM! 

It's not gonna happen overnight, but it would be a good idea to start accumulating now for when the Wall Street money starts coming in.

[fonzie]

Second Market is just trying to protect their investments with this tweet due to the upcoming MEGA FUD with Gox.

[windjc]

Second Market is just trying to protect their investments with this tweet due to the upcoming MEGA FUD with Gox.

How is that LTC is way overpriced at $2 working out for ya. LOL!

[billyjoeallen]

Consider this plot of the BTC price at Huobi over the last 2.5 days:



Note that the volume plot at bottom is roughly mirrored on the price plot, as deviations from the almost straight trend line (in blue).

It is as if Huobi's clients wanted the price to be much lower, but are fighting against a "force" that wanted the price to follow that trendline.   So the price falls while they are active, but springs back towards the trendline when they slow down for lunch or go to bed.

What could be that mysterious force?

It does not seem to be the bulk of traders at the non-Chinese exchanges, since their activity rises and falls in sync with Huobi's volume -- that is,
on China's clock, rather than Canada's or Bulgaria's -- and they seem to be just following Huobi's price fluctuations. 

China is no longer driving this market. They had their chance to be leaders and they blew it. All they can do now is give us our coins back.

[Dragonkiller]

@fonzie, i know you're a troll, but it's not just a tweet. it's actually live already:

https://www.secondmarket.com/education/sell-bitcoin-secondmarket

[windjc]

@fonzie, i know you're a troll, but it's not just a tweet. it's actually live already:

https://www.secondmarket.com/education/sell-bitcoin-secondmarket

Fonzie is just a kid. He doesn't know much about wall street, U.S. regulations or exchanges coming on the horizon.

[windjc]

So what did you expect a crash to 200$ in 30 minutes. We went down 200$ in 2 days, that´s quite a lot! And it only stopped dropping for a few hours and all of you are still convinced
that this is ultra bullish??? Your so called recovery was on low volume and doesn´t proof anything. Don´t feel safe, Karhu isn´t done yet.
This bear market will continue a lot longer.

Not really all that impressive. Bitstamp is up over $120 over its lows in just a few hours. Gox just deflated it premium.

Sounds like you are more easily impressed than your predictions for $250 coins would suggest.

[fonzie]

I haven´t insulted anyone personally since i appeared on this forum, so this is an one time exception to whomever feels adressed.

HOW ABOUT U SUCK MY BIG FAT HAIRY DICK BECAUSE I WAS TOTALLY FUCKING RIGHT ALL THE TIME WITH MY POSITION.
SHORTING TO THE MAX. ULTIMATE PROFIT. 



Now back to fun and troll mode.

[windjc]

I haven´t insulted anyone personally since i appeared on this forum, so this is an one time exception to whomever feels adressed.

HOW ABOUT U SUCK MY BIG FAT HAIRY DICK BECAUSE I WAS TOTALLY FUCKING RIGHT ALL THE TIME WITH MY POSITION.
SHORTING TO THE MAX. ULTIMATE PROFIT. 



Now back to fun and troll mode.

Ha. I guess some of my comments cut too close to the quick.

[Dragonkiller]

lol

[fonzie]

Ha. I guess some of my comments cut too close to the quick.

You just feel the urge to appear every time someone makes a slightly bearish statement(non-trollish/fonzie) and behave like a total retard.
That´s kinda annoying, but keep on going.

[cdooer]

I haven´t insulted anyone personally since i appeared on this forum, so this is an one time exception to whomever feels adressed.

HOW ABOUT U SUCK MY BIG FAT HAIRY DICK BECAUSE I WAS TOTALLY FUCKING RIGHT ALL THE TIME WITH MY POSITION.
SHORTING TO THE MAX. ULTIMATE PROFIT. 



Now back to fun and troll mode.

Awesome, he even kinda looks like a troll. Hard to confirm without knowing how tall he is though.

[hyphymikey]

Now that some of the buying power has been wiped out over the last 24 hours, expect a bigger weekend dip. You people are naive if you think we are in the clear now.

[windjc]

Ha. I guess some of my comments cut too close to the quick.

You just feel the urge to appear every time someone makes a slightly bearish statement(non-trollish/fonzie) and behave like a total retard.
That´s kinda annoying, but keep on going.

Ha. Ha. I would have never thought you would call me annoying. But I have to take that as a compliment coming from you.

For the record, I am currently a short term bear.  Although I am 100% BTC. But if you think you will laugh last, then I am more than patient enough to wait for what's coming. I just hope you don't slink away like most do when it comes.