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

[Solarstorm75]

So bottom was 535  

So you should have bought those "cheap" coins...



...paying a premium price to the dumpers.

[GreekGeek]

this will be more like the 2011 correction and less like the April 2013 correction

it willl take a long time for fresh money to poor back in to the system (if it does at all)

if it corrects like 2011 that is good for Bitcoin fundamentalists, but it may not, depending what happens to the Gox's coins we could be in for a coin shortage, and the treat of impeding catastrophe.

my guess is that what created the last rally (apart from china) was the "artificial" shortage of fiat
people who cashed out in April couldn't get their money out from Gox so they bought back pushing the price higher
something similar may happen now

[deadfi$h]

So bottom was 535 

Just a breather for some sideways motion before continuing. Not the bottom just yet.

[zyk]

I bet Mark Karpeles is in jail by the end of the year. The Gox stolen coins was an inside job. Filing bankruptcy will only get people looking at this closer. He should have just ran with the coins to a country with no extradition.

He and cronies have gotten away with half a billion dollars.....when I tried to find a laywer in Japan in January

already they declined cause of a conflict of interest....the work out of this heist is planed for some time

already...he only need off-shore accounts but need not even move his ass with that much money to bribe the

system .

how much you loose in that Gox s**t hole?


sry for you pal, i guess you have learned the lesson the hard way 

No sorry I sold them on BB to some another Pal who still believed in those "guarding" poeple at

bitcoinfoundation....but still BTC is worthless in the hand of crooks...you´ll see soon enough bottom 74

dollars !

[zyk]

Well, it better go down now. I've turned to fiat almost all I could.

What price are you banking on?  $520-ish?  or some other amount?

  

Frrom Bitcoinbuilder FAQ

As it got bigger though, I decided the only use I should have is to convert all the "real" BTC fees I earn into GOXBTC. The reasoning behind this is two-fold.. 1. I do think gox will be fine and it's a good investment, but also 2. if somehow they're not, I want to be in the same (sinking) boat with everybody else.

That is FUCKED up... he had NO hedging... apparently?   And, his business plan seem a bit, lacking?    Anyhow...   So how can you keep such a business going in the event that GOX is truly and totally insolvent in terms of the reimbursement of the investors' BTCs?

This doesn't make a lot of sense to me. Why would he want to go down with the ship when he was offering a fair service? He was giving people the opportunity to buy/sell the risk of Gox imploding where both sides knew what they were getting into.

Wants to show a loss for tax purposes maybe?

The ONLY explanation that I can think of is that HE was trying to appear as a GOOD and honest business man... in order that he would inspire investors to have confidence in him and that he was NOT just being a sheister..... ...

seems 530 to 600 is the new vol band.  probably be trading that range for a while

I predict 4-5 days at most in this range... then we are going to bust out... and be in the $750 to $850 range... ...  My prediction is based on pent-up demand for BTC...   and also based on the fact that we have largely found out enough facts about GOX in order to adequately understand the range of ramifications...

No you haven´t....who sold those 750000 BTC at Gox under 300 dollars and to which account were the

money withdrawn.....who was the 10 k wall 3 hours before bitidiot came out ?

Can you even fathom the ramnifications of this selling? Come on ...we are here to speculate!

Surely we are here to speculate... MY MAIN point is that we have been made A LOT more aware of what is going on... than we were one day ago... At least NOW we have a bankrupcy filing and an outline of facts and a general direction... before that, we were totally speculating on all kinds of scenarios...... surely, there can still be quite a few scenarios... but at least we are Narrowed down a little bit in the range of possibilities, no?

No !  The plug is pulled....no fresh flesh is coming when a ponzi dies......and if the crooks at the top come

out scot free of it...BTC dies as well !

[JayJuanGee]

Am i really the only one who is concerned that Bitcoin hasn't responded to ANY good news in MONTHS?
People dump every single time there is some bad news. Often it isn't even bad news but more like "i'm gonna panic sell in case it us bad news". We go lower and lower. Now we're at 570. There will be good news. Nobody will give a shit. They're all waiting for the next bad news so we can go lower again.
We would need to most amazing super positive news ever to stop this and i don't see this coming.

So give me one reason why we could go up again. I can't find any. I really can't.

Edit: how much longer will we be going down because of Gox. They are gone. Will it take us down for months to come? Can't people just get over it?

Maybe someone has been quietly liquidating 750k coins

I AM also thinking that the liquidating of BTC has been going on for months...

Last hope for Bitcoin: fake buywalls

THEY WON`T PROTECT YOU!!

Their only purpose is to lure suckers in to place their bids above them, when enough bids
have been built, we will get a level lower. slow and painful

There is no such thing as "fake" walls.    

Aren't walls always fake? If I've learned anything from my years in bitcoins, it's that all walls everywhere are fake.  

Walls are simultaneously fake and real, until observed. Then they become one or the other, depending on the testing conditions.

This is called Quantum Speculation. It's science, bro.

No its game - theory or called common sense...you are either with us or against us

I think that it is called leveraging what you have to your best advantage (to the advantage of yourself personally... and damn the rest)  There is no brotherhood... unless you form some kind of team/pool to accomplish an objective for the members on the team as a unit.

[GreekGeek]

No sorry I sold them on BB to some another Pal who still believed in those "guarding" poeple at
bitcoinfoundation....but still BTC is worthless in the hand of crooks...you´ll see soon enough bottom 74
dollars !

we will see 74 USD/BTC  if the 2011 scenario plays out

but that is fine with me
2011 was my lucky year
especially after I jumped on to the train @ 3 USD/BTC

[zyk]

one can only hope that the dollar ponzi dies even faster as the thiefs there as well are walking scott free...

[hdbuck]

I bet Mark Karpeles is in jail by the end of the year. The Gox stolen coins was an inside job. Filing bankruptcy will only get people looking at this closer. He should have just ran with the coins to a country with no extradition.

He and cronies have gotten away with half a billion dollars.....when I tried to find a laywer in Japan in January

already they declined cause of a conflict of interest....the work out of this heist is planed for some time

already...he only need off-shore accounts but need not even move his ass with that much money to bribe the

system .

how much you loose in that Gox s**t hole?


sry for you pal, i guess you have learned the lesson the hard way  

No sorry I sold them on BB to some another Pal who still believed in those "guarding" poeple at

bitcoinfoundation....but still BTC is worthless in the hand of crooks...you´ll see soon enough bottom 74

dollars !

so you tried to sue them and when confronted to the bare truth you managed to sell them to a  BB fool? Nice call.  

The technology and the innovation Bitcoin brings is still amazing imho so i wouldnt be that pessimistic. After all, original monetary system is wayyy worse anyway  

[JayJuanGee]

You know the market is bearish when...

so true.  i just wish there were more honest bears, worthy of respect.  so often the "theses" of "bears" is fabricated, predicated on disinformation, or pure FUD.  it makes it very hard to find actual, useful, bearish analysis.  in fact, i have developed an unfortunate bullish myopia by being innoculated against strong bearish cases by the myriad of weak bearish cases.  i have to constantly correct for my own bull blinders.  

VERY well stated.... many of these bears are spreading disinformation and have their heads stuck up some asses.. maybe even their own...   Sometimes what is curious to me, is why they are hanging around these forums... just get out of bitcoin and go on your marry way... rather than educating guys who are more educated about bitcoin and/or other cryptos...  

NONETHELESS, I do NOT claim to be any expert... yet frequently I can tell when I am being hoodwinked...

[Adrian-x]

this will be more like the 2011 correction and less like the April 2013 correction

it willl take a long time for fresh money to poor back in to the system (if it does at all)

if it corrects like 2011 that is good for Bitcoin fundamentalists, but it may not, depending what happens to the Gox's coins we could be in for a coin shortage, and the treat threat of impeding catastrophe.

i guees so but i also think the community is way more stronger then back in 2011. Plus alot of new businesses are being funded and starts to emerge and i dont think they'll give up that easily.

its not them who will give up, its the new mega wealthy who are investing in Bitcoin, I welcome both scenarios, a depression in Bitcoin will help by leaving it awhile to allow a more wide spread adoption.

[zyk]

Am i really the only one who is concerned that Bitcoin hasn't responded to ANY good news in MONTHS?
People dump every single time there is some bad news. Often it isn't even bad news but more like "i'm gonna panic sell in case it us bad news". We go lower and lower. Now we're at 570. There will be good news. Nobody will give a shit. They're all waiting for the next bad news so we can go lower again.
We would need to most amazing super positive news ever to stop this and i don't see this coming.

So give me one reason why we could go up again. I can't find any. I really can't.

Edit: how much longer will we be going down because of Gox. They are gone. Will it take us down for months to come? Can't people just get over it?

Maybe someone has been quietly liquidating 750k coins

I AM also thinking that the liquidating of BTC has been going on for months...

Last hope for Bitcoin: fake buywalls

THEY WON`T PROTECT YOU!!

Their only purpose is to lure suckers in to place their bids above them, when enough bids
have been built, we will get a level lower. slow and painful

There is no such thing as "fake" walls.    

Aren't walls always fake? If I've learned anything from my years in bitcoins, it's that all walls everywhere are fake.  

Walls are simultaneously fake and real, until observed. Then they become one or the other, depending on the testing conditions.

This is called Quantum Speculation. It's science, bro.

No its game - theory or called common sense...you are either with us or against us

I think that it is called leveraging what you have to your best advantage (to the advantage of yourself personally... and damn the rest)  There is no brotherhood... unless you form some kind of team/pool to accomplish an objective for the members on the team as a unit.

No..if the aim of bitcoincommunity is to collude to fuck the newbies and each other over...then BTC is no alternative as a currency its a chain-letter....if there is not the revolutionary common aim to enthrone the powers that be by forming a money-supply that is guarded by trust then we are dealing in sour lemons and
and the dollar kills on!

[hdbuck]

You know the market is bearish when...

so true.  i just wish there were more honest bears, worthy of respect.  so often the "theses" of "bears" is fabricated, predicated on disinformation, or pure FUD.  it makes it very hard to find actual, useful, bearish analysis.  in fact, i have developed an unfortunate bullish myopia by being innoculated against strong bearish cases by the myriad of weak bearish cases.  i have to constantly correct for my own bull blinders. 

VERY well stated.... many of these bears are spreading disinformation and have their heads stuck up some asses.. maybe even their own...   Sometimes what is curious to me, is why they are hanging around these forums... just get out of bitcoin and go on your marry way... rather than educating guys who are more educated about bitcoin and/or other cryptos... 

NONETHELESS, I do NOT claim to be any expert... yet frequently I can tell when I am being hoodwinked...

lmao bud, without any disrespect i advice you to be very careful with whom you tend to believe in here. Being a bear doesnt necessarily means you dont believe in Bitcoin. Its a very harsh world that one of money and be sure they'll ever be heists and deception. Better be skeptical and pragmatic. If not realistic.

[JayJuanGee]

I'll start buying when 500 breaks

When are we gonna get there, though?  This has really been slow and painful... and really barely going down...   I was expecting something a little more drastic... .. in order that we can get it over with and thereafter begin our slow journey moonward... at least in the mini-moon territory of $750-$800 and pause there for a while - maybe 3-6 months -  before going to the $1200 to $1500 arena...

[ChartBuddy]

Explanation

[Solarstorm75]

No..if the aim of bitcoincommunity is to collude to fuck the newbies and each other over...then BTC is no alternative as a currency its a chain-letter....

+1

[porcupine87]

The #1 newspaper in Germany for securities, stock exchange etc.
Mt. gox is in the headlines. An American citizen sues Mt. Gox
http://www.handelsblatt.com/

I would say Bitcoin never got such a media attention.

[aminorex]

treat of impeding catastrophe.

Googler has no translation.  Please reconfigure.

If you have a messiah complex like I do, it's always a great treat to impede a catastrophe.

[hdbuck]

in case you've missed it...

Good night people!

[Jasmin68k]

Seems, this hasn't been posted here yet, might be of interest:

http://www.thedailybeast.com/articles/2014/02/27/inside-japan-s-bitcoin-heist.html