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

[MoreFun]

Serious fight at $500, if volume would be a bit higher this could be a bottom.

[JorgeStolfi]

er it is looking more and more likely the PBOC ban is true
http://www.theregister.co.uk/2014/03/28/bitcoin_china_pboc_ban/

That article, like all the news I have seen, are based on that Caixin article.

A comment on the BTC-e chatroom claimed that the "ban" was mentioned  on state TV, but I could find no confirmation of that.

[Todorius]

Anyone that's been around bitcoin for a while has seen this before, investors are patiently sitting on the sidelines waiting for the bears to run out. Anything other than that would be a poor strategy as bitcoin has a good history of repeating patterns, check the end of the fall from the rise in April

EDIT: August 2012 is probably a little closer to the current situation, not much in the difference though.

When are these investors going to buy exactly? Maybe you noticed we have been going down for months.
And what sane person would buy big amounts of coins right now knowing that one fake tweet or rumous is enough for the sheep to panic sell everything they got and make Bitcoin drop 50 dollars in a few minutes. And since this is actually happening about once a week i really doubt any serious person would buy right.
They know that no amount of good news will make the price go up anymore. People will keep selling till it has become worthless if this stupidity continues.
An amazing idea ruined by traders and idiots.

Cheer up man! They cannot ruin bitcoin. Bitcoin had similar, if not worse situations like these before.
The next rally and big jump in price will come, it's just a matter of time.
And the bitcoin network is so much more than just the price. It will survive!

[billyjoeallen]

Anyone that's been around bitcoin for a while has seen this before, investors are patiently sitting on the sidelines waiting for the bears to run out. Anything other than that would be a poor strategy as bitcoin has a good history of repeating patterns, check the end of the fall from the rise in April

EDIT: August 2012 is probably a little closer to the current situation, not much in the difference though.

When are these investors going to buy exactly? Maybe you noticed we have been going down for months.
And what sane person would buy big amounts of coins right now knowing that one fake tweet or rumous is enough for the sheep to panic sell everything they got and make Bitcoin drop 50 dollars in a few minutes. And since this is actually happening about once a week i really doubt any serious person would buy right.
They know that no amount of good news will make the price go up anymore. People will keep selling till it has become worthless if this stupidity continues.
An amazing idea ruined by traders and idiots.

Yeah, we're not gonna get saved by a million third world adopters buying in now. Retail speculators won't do it either and us true believers are tapped out. It will be Silicon Valley or Wall Street whales that will buy in with pocket change millions or we will keep going down until I get my margin call. I'm betting the farm that there will be a rescue by a forward thinking billionaire and yes I know what an insane risk that is, but it's the smart move and there's about 100 potential candidates and we need only one.

[bizz]

Anyone that's been around bitcoin for a while has seen this before, investors are patiently sitting on the sidelines waiting for the bears to run out. Anything other than that would be a poor strategy as bitcoin has a good history of repeating patterns, check the end of the fall from the rise in April

EDIT: August 2012 is probably a little closer to the current situation, not much in the difference though.

When are these investors going to buy exactly? Maybe you noticed we have been going down for months.
And what sane person would buy big amounts of coins right now knowing that one fake tweet or rumous is enough for the sheep to panic sell everything they got and make Bitcoin drop 50 dollars in a few minutes. And since this is actually happening about once a week i really doubt any serious person would buy right.
They know that no amount of good news will make the price go up anymore. People will keep selling till it has become worthless if this stupidity continues.
An amazing idea ruined by traders and idiots.

Patiently sitting on the sidelines doesn't mean jumping into every dip & falling knife. It means months of waiting for an entry.

[JorgeStolfi]

Yet we have an opportunity, because the chinese bwankers are asleep now and wont be confirming anything for at least 12 hours. the panic is over, the market will go up now because risk is low.

It is 20:00 pm now in China.  Huobi's clients normally trade heavily until midnight, go to sleep around 01:00 am and wake up before 07:00 am.  Except when the price is changing fast, then many keep trading all night long.

[roslinpl]

Yet we have an opportunity, because the chinese bwankers are asleep now and wont be confirming anything for at least 12 hours. the panic is over, the market will go up now because risk is low.

It is 20:00 pm now in China.  Huobi's clients normally trade heavily until midnight, go to sleep around 01:00 am and wake up before 07:00 am.  Except when the price is changing fast, then many keep trading all night long.

I hope China traders will help the price to go up

[bitgeek]

Yet we have an opportunity, because the chinese bwankers are asleep now and wont be confirming anything for at least 12 hours. the panic is over, the market will go up now because risk is low.

It is 20:00 pm now in China.  Huobi's clients normally trade heavily until midnight, go to sleep around 01:00 am and wake up before 07:00 am.  Except when the price is changing fast, then many keep trading all night long.

I hope China traders will help the price to go up

Haha - wishful thinking More probable is they'll read some blog or twitter message and start selling again like the sheep they are.

[KeyserSoze]

To understand why Bitcoin is being trashed right now:
http://www.youtube.com/watch?v=WfGMYdalClU

[fonzie]

Break down the walls!

[TERA]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

[MoreFun]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

Nobody wanted to sell lower than $500, so buyers needed to step in and push up. Many people want coins.

[rjp55]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

You've gone from a good poster to Fonzie/Mah status in a short period of time. Welcome to the ignored group.

[fonzie]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

You've gone from a good poster(postin bullish stuff) to Fonzie/Mah(postin bearish/critical stuff) status in a short period of time. Welcome to the ignored group.

FTFY

[podyx]

whats that bears??

[Zapffe]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

You've gone from a good poster(postin bullish stuff) to Fonzie/Mah(postin bearish/critical stuff) status in a short period of time. Welcome to the ignored group.

FTFY

You will be shunned from the cult if you don't cheer along mindlessly! I myself have discovered that it's more dignified here to be the controversial figure who doesn't fit in very well. Because those who are weak spirited and easy to manipulate, seem to fit in best. It's like that with every other cult.

[magicmexican]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

You've gone from a good poster(postin bullish stuff) to Fonzie/Mah(postin bearish/critical stuff) status in a short period of time. Welcome to the ignored group.

FTFY

You will be shunned from the cult if you don't cheer along mindlessly! I myself have discovered that it's more dignified here to be the controversial figure who doesn't fit in very well. Because those who are weak spirited and easy to manipulate, seem to fit in best. It's like that with every other cult.

that would be cool and all except they mainly just spam boring troll posts about btc getting into single digits and ripple taking over the world next week

[TERA]

whats that bears??

I was saying... "choo choo all aboard the train. look we're having a nice retracement and 1000 coins were just bought/covered (while following huobi) so obviously this means all downtrends are broken and we're going to da moon".

[Todorius]

I'm so glad this little breakout is happening. phew. now it might hold relatively still so I can enjoy my weekend before the next drop. I hope.

You've gone from a good poster(postin bullish stuff) to Fonzie/Mah(postin bearish/critical stuff) status in a short period of time. Welcome to the ignored group.

FTFY

You will be shunned from the cult if you don't cheer along mindlessly! I myself have discovered that it's more dignified here to be the controversial figure who doesn't fit in very well. Because those who are weak spirited and easy to manipulate, seem to fit in best. It's like that with every other cult.

Dost thou utter blasphemic words against our holy and beloved cult?
Heretic! Thou shalt soon feel the wrath of our almighty father bitcoin, who shall smite all those that oppose him!

[rjp55]

I read lots of bearish posts, I read everything to try to make good decisions and be informed. I don't like reading obnoxious redundancy over and over while I do.