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

[zyk]

I wonder how low we will go when the real panic begins

what do you mean ?

He means:

"I want the price to drop so I can buy in cheap."

resignation begins when the price have been quite stable and didnt CCMF for an extended period (all things being relative). Then, people start cash out little by little (because they obviously cant wait anymore or need money to buy sushis), and as a "snowball effect", the price go lower and lower.. eventually, it drops even more rapidly as people reaction to such a downtrend would be selling more and more... hence, panic sell

So, you're saying Wall Street is preparing its entry?

Probably. But they aren't rushing blindly into it for sure. Right now, there is nothing that is legitimately boosting the price (besides insiders/whales/fools). Wall street is probably waiting for a clear buy in signal. which could be regulations incentives in the US, mining difficulty jump (as new ASICs are about to flood the market), price crash...

I think that those from wall street who wanted in, are already in. Dreams of bitcoin hitting big at wall street will more probably remain dreams. No serious player will trust their funds into something where he has to hope that unknown Satoshi/drug dealer/computer crackers/confidence men will hold their coins and by that keep the value of bitcoin.
If they want to invest into crypto, then they will start pumping something that has a more transparent history.

like LITECOIN  


So if bitcoin days destroyed = how old these coins we can infer that there's a possibility of a cashout. A dump of these old coins will have a great impact on market, thus greatly screwing the guys with new coins (2013-2014)


you have been warned !  but yes under 90 bucks you can count on wallstreet to pick up the tap....but any other unregulated exchange will be gone...with or without your

coins...thats the question

[kkaspar]

So we're going down because of Satoshi , Japan or Mtgox coins being moved around?
Or because we are sheeps )))))

We were going up because we were sheeps...

[hdbuck]

I wonder how low we will go when the real panic begins

what do you mean ?

He means:

"I want the price to drop so I can buy in cheap."

resignation begins when the price have been quite stable and didnt CCMF for an extended period (all things being relative). Then, people start cash out little by little (because they obviously cant wait anymore or need money to buy sushis), and as a "snowball effect", the price go lower and lower.. eventually, it drops even more rapidly as people reaction to such a downtrend would be selling more and more... hence, panic sell

So, you're saying Wall Street is preparing its entry?

Probably. But they aren't rushing blindly into it for sure. Right now, there is nothing that is legitimately boosting the price (besides insiders/whales/fools). Wall street is probably waiting for a clear buy in signal. which could be regulations incentives in the US, mining difficulty jump (as new ASICs are about to flood the market), price crash...

I think that those from wall street who wanted in, are already in. Dreams of bitcoin hitting big at wall street will more probably remain dreams. No serious player will trust their funds into something where he has to hope that unknown Satoshi/drug dealer/computer crackers/confidence men will hold their coins and by that keep the value of bitcoin.
If they want to invest into crypto, then they will start pumping something that has a more transparent history.

yea that also could be true.. but who knows.. never underestimate greed in wall street
plus, may i remind you that bitcoin is only at its beginning now. there's plenty of time to assess the opportunity to get involved or not.

[porcupine87]

The bid order volume to 600$ seems to be constant on Bitstamp. So this indicates, that the selles just want to rebuy on a lower level...

You have to pay the VAT on every buy on Bitcoin or gold? This seems not to be right...

That depends on where you live. Different countries have different rules. Some charge VAT, some don't. The trend that more and more contries will make it clear that it is VAT exempt, if I may venture a guess (especially after the UK decision).

In what country you have to pay a VAT on Bitcoin or Gold (or any other exchanges traded good)?

[UnDerDoG81]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

[kkaspar]

I wonder how low we will go when the real panic begins

what do you mean ?

He means:

"I want the price to drop so I can buy in cheap."

resignation begins when the price have been quite stable and didnt CCMF for an extended period (all things being relative). Then, people start cash out little by little (because they obviously cant wait anymore or need money to buy sushis), and as a "snowball effect", the price go lower and lower.. eventually, it drops even more rapidly as people reaction to such a downtrend would be selling more and more... hence, panic sell

So, you're saying Wall Street is preparing its entry?

Probably. But they aren't rushing blindly into it for sure. Right now, there is nothing that is legitimately boosting the price (besides insiders/whales/fools). Wall street is probably waiting for a clear buy in signal. which could be regulations incentives in the US, mining difficulty jump (as new ASICs are about to flood the market), price crash...

I think that those from wall street who wanted in, are already in. Dreams of bitcoin hitting big at wall street will more probably remain dreams. No serious player will trust their funds into something where he has to hope that unknown Satoshi/drug dealer/computer crackers/confidence men will hold their coins and by that keep the value of bitcoin.
If they want to invest into crypto, then they will start pumping something that has a more transparent history.

like LITECOIN  


So if bitcoin days destroyed = how old these coins we can infer that there's a possibility of a cashout. A dump of these old coins will have a great impact on market, thus greatly screwing the guys with new coins (2013-2014)


you have been warned !  but yes under 90 bucks you can count on wallstreet to pick up the tap....but any other unregulated exchange will be gone...with or without your

coins...thats the question

I still think that there will be something new, that will be launched on already regulated exchanges. There has to be solid history for serious investors to trust it.
"But..but..but I have a feeling that most of the old coins are owned by nice people who wouldn't do that" won't be enough for people who know how to handle money.

[heslo]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

You're not fucked forever, the price will go back up. Give it time

[kkaspar]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon"  

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

First rule of trading bitcoin, Do Not trust the religious zealots.

[soullyG]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

You're not fucked forever, the price will go back up. Give it time

Lesson learned: don't follow advice from people on the Wall Observer thread but yes, don't panic sell and I'm sure we'll be back above 685 in no time!

[zyk]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

me thinks you´ll still be able to sell at 662 as a matter of last chance to GTFO cause bitcoin market is a very retarded idiot which is made for denying facts and screw over

the most participants possible 

[kkaspar]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

me thinks you´ll still be able to sell at 662 as a matter of last chance to GTFO cause bitcoin market is a very retarded idiot which is made for denying facts and screw over

the most participants possible 

Btw, I agree with you that LTC has better chances then BTC at the moment. They have prospects of new opening markets, and that can be considered as an "real reason" for price to rise.
BTC currently only has the will of the hodlers and the hopes of the line drawers to support the price. That's why I'm sitting at BTC-E also at the moment, even when holding fiat at BTC-E makes me a little nervous

[FierceRadish]

kkasper's weekly routine:

Monday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Tuesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Wednesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Thursday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Friday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Saturday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Sunday
Get up, have a wank, go back to sleep. Dream about going on Wall Observer and telling everyone they're religious zealots.

[UnDerDoG81]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

You're not fucked forever, the price will go back up. Give it time

Lesson learned: don't follow advice from people on the Wall Observer thread but yes, don't panic sell and I'm sure we'll be back above 685 in no time!

Yeah, especially that moron with a dog head on a birds body as an avatar.

I would not get in panic if only these big big coin movements would not happen. For me it is a bad sign when millions of coins get moved since yesterday.

[kkaspar]

kkasper's weekly routine:

Monday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Tuesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Wednesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Thursday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Friday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Saturday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Sunday
Get up, have a wank, go back to sleep. Dream about going on Wall Observer and telling everyone they're religious zealots.

How do you know that I'm using a laptop not a desktop?

[FierceRadish]

kkasper's weekly routine:

Monday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Tuesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Wednesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Thursday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Friday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Saturday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Sunday
Get up, have a wank, go back to sleep. Dream about going on Wall Observer and telling everyone they're religious zealots.

How do you know that I'm using a laptop not a desktop?

I figured it needs to be within reach of the bed 

[kkaspar]

kkasper's weekly routine:

Monday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Tuesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Wednesday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Thursday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Friday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Saturday
Get up, open laptop, go on Wall Observer, tell everyone they're religious zealots.
Sunday
Get up, have a wank, go back to sleep. Dream about going on Wall Observer and telling everyone they're religious zealots.

How do you know that I'm using a laptop not a desktop?

I figured it needs to be within reach of the bed 

I like to skip Saturdays and Sundays also. And someday, I hope that the religious zealots here will feel shame without needing me to point it out for them. Then I can finally rest.

[rabsie]

red team has lost all their coins....

[600watt]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

You're not fucked forever, the price will go back up. Give it time

if you absolutely panic and think you misinvested and want to sell lower than bought, i have a good way to handle it for you.


1) check the charts. realize how much you have lost already
2) calculate how much more it will cost you when it keeps going down like this
3) read the wall observer thread ignoring everyone except stolfi, kkaspar, fonzi and like
4) upon growing panic decide to act NOW
5) imagine you sell all your coins in one swap - BUT IN REALITY ONLY SELL ONE COIN
6) since you have sold now after experiencing real panic, price will start to rise now
7) congratulations you have hit a daily low to sell
if panic persists, try it with 5 coins...

[seleme]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

Buy, buy, buy... to da moon 

[kromer]

As I wrote that it is absurd that we were going up, everybody was bashing on me and was writing "to the moon" 

Now we go down and these morons are silent.

Thanks to your "to tha moon" BS I also get in panic and bought @685 with every money I had (50K). And now I´m fucked.

No you're not. $685 is a great buy in price to go all in. If you can't handle daily ups and downs like this then investing is not for you.