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

[windjc]

The rally will soon be over and the sheep will be like why the hell am i panic buying, this isn't good news at all! And then we go down again  

Someone is short.

[JorgeStolfi]

The press is loving it, e.g.:
"BITCOIN TOUCHES $US220 ON MTGOX AFTER HORRIFIC 60% PRICE CRASH"
http://www.businessinsider.com.au/bitcoin-crashes-to-220-on-mtgox-2014-2

It is not just MtGOX's fault.  Blame should fall also on those bitcoiners that still refer to it as the main exchange, and on the chart sites that still show it by default.

Why do bitcoiners still refer to MtGOX as "the main bitcoin exchange", or even as a bitcoin exchange at all? For sentimentalism? For personal friendship? Because Mark is "one of us"?

[seriouscoin]

BUY BUY BUY CHEAP COIN MOTHERFUCKER!!!!!

[ShroomsKit]

So nothing changed really? It will probably take months again for people to get their coins out.

Stop spreading FUD
It's exellent news
Pretty much what everyone expected.

Problem is fixed / withdrals soon / daily limit soo no possible to crash stamp market

Haha man, i'm the last person on this forum to spread fud. I just don't see what the excitement is about.

Basically they are saying we will soon tell you how long it takes for you to get your coins out. Knowing Gox this might take months. If i had coins there this announcement would not make me happy.

Stockholm Syndrome

Haha yeah.

[ChrisML]

The rally will soon be over and the sheep will be like why the hell am i panic buying, this isn't good news at all! And then we go down again  

Short, much?

[TERA]

I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by  (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).

[GaliX]

why are people buying?

I mean this news was as bad as it could be.

They simply can't announce: "Ooops aaaand it's gone. Sorry guys. We will make a withdrawal limit of 2BTC per day, that's all we can efford from the fees we took from you guys. Sorry again. Gox Will be back soon to take more of your money and ofc BTC ;=)) !"

[medialab101]

BUY BUY BUY CHEAP COIN MOTHERFUCKER!!!!!

Yeah, pretty muted reaction so far...

Good news I think.. no cut and run with the coins, double your money in a few days.

[windjc]

I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by  (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).

Right. Because the bear market has to go on indefinitely.

[seriouscoin]

SOLD at $850, Bought at $300

Gained 55btc!!!!!

[windjc]

why are people buying?

I mean this news was as bad as it could be.

They simply can't announce: "Ooops aaaand it's gone. Sorry guys. We will make a withdrawal limit of 2BTC per day, that's all we can efford from the fees we took from you guys. Sorry again. Gox Will be back soon to take more of your money and ofc BTC ;=)) !"

I didn't see any of that in the press release.

[maximum]

SOLD at $850, Bought at $300

Made 55btc!!!!!

nice.

[windjc]

"Where's Fonzie?"

"He's pissing in his covering his shorts. Will be back soon."

[RicePicker]

I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by  (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).

Right. Because the bear market has to go on indefinitely.

You just as bad as any of the bears that spout its going down and the market is going to crash. Instead you spout nonsense about the price going up all day long.

[magicmexican]

I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by  (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).

Right. Because the bear market has to go on indefinitely.

The only legit market is a bear market, the only legit move is down, any move up = bulltrap, delusion

[ShroomsKit]

Haha look at the idiots selling again.

Now imagine watching this shit as an outsider. I do understand why so many peoe think Bitcoin is a joke. Because of people like Mark and the insane trading mentality Bitcoin right now is kind of a joke.

[fluidjax]

Why do bitcoiners still refer to MtGOX as "the main bitcoin exchange", or even as a bitcoin exchange at all? For sentimentalism? For personal friendship? Because Mark is "one of us"?

Because they still have the nerve to say
   "Trade with confidence on the world's largest Bitcoin exchange!"
on the front page

[TERA]

I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by  (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).

Right. Because the bear market has to go on indefinitely.

Not indefinitely but there are typically two distinct waves down from the plateau which span over 2 months and the second is caused by 3 day ema downcross.

[windjc]

I guess this extends the bulltrap (It was too early to go down again anyway). Then the next leg down in a week will be driven either by  (gox continues to fail) or (gox coins hit the market and are dumped on stamp etc).

Right. Because the bear market has to go on indefinitely.

You just as bad as any of the bears that spout its going down and the market is going to crash. Instead you spout nonsense about the price going up all day long.

Oh, please. You have been praying for cheap coins with every posts you've made for months. Its so obvious you want cheap coins even though you act like you think Bitcoin is doomed. You are dishonest in every way. I am very honest and open about my beliefs.

[gngrbeb2000]

heavy sell pressure on gox