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

[TERA]

I posted a picture of the 3 day ema chart to try to warn you guys,  with the EMAs at 655 and 690. Obviously it wasn't going anywhere, there was no room to go. It's going to have to trade sideways and consolidate for a while and do a lot of volume before it breaks that. The MACD is nowhere close.

[Rampion]

The horrible realization from people who sold near double digits that mtgoxUSD is actually as bad, if not worse, than mtgoxBTC.

GoxBTC is superior to GoxUsd - no doubt about it.

[schizoid]

If Gox enables withdrawals, goxcoins will no longer be cheap. This will happen almost instantly.

The cheap goxcoins will be the ones that people are already holding. They bought at 90-300 and never sold them.

And they will be worth $800 on gox. So why will they sell below $620 on stamp?

They don't trust gox withdrawal and would rather get the hell out of gox and use stamp withdrawal which is more reliable and faster. Their profit is already so big they don't need to be greedy.

If they weren't greedy and didn't trust gox they wouldn't have sent their fiat to gox to buy the coins in the first place.

You're talking about taking a risk for a 700% gain v.s. taking a risk for a 10% gain. They are willing to do the former but not that latter. Or perhaps even they had the fiat on gox from a long time ago when they used to trust gox.

Perhaps. I shouldn't have let you drag me off point. It doesn't matter what the recent gox buyers do. The only reason stamp is below $800 is because stamp buyers are being lured away by cheap goxcoins. Once gox withdrawls resume and the gox price rises above stamp, those buyers will go back to stamp and the stamp price will rise.

[spooderman]

Looking back through some of the bad luck....

I did it. Finally got rid of all my Mtgox fiat!!!      

First step is down. Now to get the BTC out of that hell hole.

Hopefully this isn't going to be bittersweet (if pricr drops further).  

btc was 900 Box each.....could have 9x the amount now (but at least he actually has ACCESS to the BTC, so maybe he still made a smart decision)

[billyjoeallen]

I posted a picture of the 3 day ema chart to try to warn you guys,  with the EMAs at 655 and 690. Obviously it wasn't going anywhere, there was no room to go. It's going to have to trade sideways and consolidate for a while and do a lot of volume before it breaks that. The MACD is nowhere close.

What are you talking about? I told you that rally still had legs and it did. Anyone who sold in the $630s made a tidy profit no thanks to you, Gloomy. All you had to do was buy close to the $530 level that you said wouldn't hold and BOOM! mo money mo profits. Can't sell at a profit if you don't buy in the first place.

[TERA]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

[T.Stuart]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

That really is "Gloomy" with a capital "G" 

[Miz4r]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

Read it, not very much impressed. Most of them aren't even issues or they're old news long priced in. And besides it's not like there were no issues at all during the November rally, the market isn't rational and can ignore 'problems' or news for a long time.

[windjc]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

I saw that list. But I thought it was titled "20 reasons to not profit long on a severely oversold market."

[schizoid]

I must be too drunk because I can't find TERA's thread. But I thought the nongox news this month was pretty bullish.

[TERA]

I just don't think that gox is the center of the unvirse here. It has been well known for almost a year now that gox has major issues, is illiquid, should be ignored, and that bitstamp represents the actual flow of liquidity in and out of the market.

[schizoid]

Ok, I found the thread, and I stopped reading at #7, after kicking myself for not stopping at #1.

[Rampion]

Gox is making a huge amount of fees during the manic trading that has been going on since the BTC withdrawal issue.

Especially in BTC. Karpeles is smiling.

Pigs are being slaughtered very hard this time. GoxBTC at $100ish was a HUGE deal. I really cannot understand those who sold near double digits.

[TERA]

I didn't understand either. I thought it was mark doing some kind of manipulation to wipe out everyone who attempted to trade.

[Yololintian]

You all seem to forget that its very likely 90% of the coins were sold by one person.

[FTWbitcoinFTW]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

I saw that list. But I thought it was titled "20 reasons to not profit long on a severely oversold market."

This 

[windjc]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

read it and agree with most of it.  Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..

I might come back when BTC is back around $100.  feel very sorry for those that brought and held at + $900

regulation issues
legal issues
technical issues
community trust issues

where would serious new investment come from under these conditions?

Lol. There's enough fiat sitting in exchanges today to take the price to >$1500.

Really. Some of you simply astound me.

[jonoiv]

The only reason

Please see my thread "problems besides mtgox" to learn about the 20 other things going on besides mtgox.

read it and agree with most of it.  Bitcoins not finished, but people paying + $600, are just clinging on to their dream in my opinion..

I might come back when BTC is back around $100.  feel very sorry for those that brought and held at + $900

regulation issues
legal issues
technical issues
community trust issues

where would serious new investment come from under these conditions?

Lol. There's enough fiat sitting in exchanges today to take the price to >$1500.

Really. Some of you simply astound me.

then why haven't they brought coins yet?  

I have some $ there too,  and I'm not buying because, well, how can I sleep knowing I am holding BTC at the moment...

[dreamspark]

It would be interesting to know what price we would be at if the majority of the fiat on the exchanges all bought it. I reckon there's enough to take us straight past the ATH. Think about all the shorts that still need to be closed as well.

Gox re-enabling withdrawals
All the fiat waiting on the sidelines
All the open shorts to be squeezed

If all these things happen I think alot of people will miss the train.

Obviously I dont doubt that we can and probably will go down a bit first but in the near future its gonna be choo choo time.

[schizoid]

I really cannot understand those who sold near double digits.

They might have bought at single digits and left their coins on gox.