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

[seriouscoin]

[seriouscoin]

[seriouscoin]

[barbs]

I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

[joburgtaxi]

So what's the speculation on the price today

[dreamspark]

I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

I'd argue that its been quiet obvious to trade this downtrend, The run to 700 was obviously premature and whale driven. A big short near the top of that and you wouldn't of had to trade again until your sure the markets turning.

I would be surprised to see it go that low, I for one would be throwing all the savings at $350 coins if we were to stay there for more than a flash.

[seriouscoin]

Looking back, what an achievement so far for bitcoin.

Remember those days when we're all so excited to receive the first issue of Bitcoin magazine?

So much joy and enthusiasm....

[inca]

I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

We were significantly lower than this two weeks ago..

[600watt]

the dutch can pay their energy bills with bitcoin !


https://bitcointalk.org/index.php?topic=523113.msg5796731#msg5796731

[dreamspark]

So what's the speculation on the price today

I think we'll stay in this range for the day $590 to $610, if theres a breakout one way I think it will be downwards but not by much, we're in the same slow grind down since January and so far all the good news has not made much of an impact. Expect it to rip your face of when the train does leave the station.

[seriouscoin]

I seriously will move to the first country that embrace bitcoin.

Time to cut off the chain and free yourself from slavery.

[dreamspark]

I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

We were significantly lower than this two weeks ago..

When were we significantly lower than 280-350?

[inca]

With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).

All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!

[inca]

I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

We were significantly lower than this two weeks ago..

When were we significantly lower than 280-350?

I meant lower than our current price. Stamp hit around 400 in late february..

[seriouscoin]

We went from this :




To This:

[windjc]

I seriously will move to the first country that embrace bitcoin.

Time to cut off the chain and free yourself from slavery.

Cyprus?

[dreamspark]

With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).

All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!

This is true but that doesn't change the general market sentiment. This was seen in the run up from $550 to $700 where a few big trades (not even that big really) drove the price up but as soon as those fiat cannons paused we've slumped straight back down. Dont get me wrong we will be going to the moon at some point but it seems the market wants to give more people a chance to get on the train

[Grafzep]

Thank you, aminorex, for not calling them the hoi polloi.

[inca]

With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).

All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!

This is true but that doesn't change the general market sentiment. This was seen in the run up from $550 to $700 where a few big trades (not even that big really) drove the price up but as soon as those fiat cannons paused we've slumped straight back down. Dont get me wrong we will be going to the moon at some point but it seems the market wants to give more people a chance to get on the train

What do you mean by general market sentiment? In my mind market sentiment is entirely driven by market movements. The general consensus on here seems to be that we are post december bubble and the price is stabilising prior to its next move. Now all it takes is for a whale to make several large buys and the chart can be painted, sentiment will improve, paging to the moon guy etc..

Until then we drift..

[magicmexican]

dumping now? how low? 570?