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

[fotosonics]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Does this mean that we should buy, now?  we're no t going lower?

well thats what Ive been saying, the bulls have the upper edge to any scenario.

this could take a real hike if it is true.

[magicmexican]

Interesting

[chessnut]

Interesting

.... all part of the plan though

[arepo]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Does this mean that we should buy, now?  we're no t going lower?

well thats what Ive been saying, the bulls have the upper edge to any scenario.

this could take a real hike if it is true.

lol panic buy on huobi, bitstamp, even LTCUSD -facepalm-

we'll see in a bit if the market actually agrees that this new source is authoritative and the message is significant. we still haven't broken out of the short-term downwards channel on stamp.

[Pruden]

KFR, you are the winner of the thread this morning.

Off to watch F1 with a short open while y'all figure out his message. 

[ShroomsKit]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Does this mean that we should buy, now?  we're no t going lower?

well thats what Ive been saying, the bulls have the upper edge to any scenario.

this could take a real hike if it is true.

I don't get it? If the rumour is true the price goes up?

[chessnut]

I don't get it? If the rumous is true the price goes up?

sure, if the rumours are true the price goes up, you do get it.

[JayJuanGee]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Does this mean that we should buy, now?  we're no t going lower?

well thats what Ive been saying, the bulls have the upper edge to any scenario.

this could take a real hike if it is true.

lol panic buy on huobi, bitstamp, even LTCUSD -facepalm-

we'll see in a bit if the market actually agrees that this new source is authoritative and the message is significant. we still haven't broken out of the short-term downwards channel on stamp.

Don't the Sunday rallies come a little bit later.?  


IN other words, isn't it too early for a Sunday rally?  

NOT enough potential volume?

[ShroomsKit]

I don't get it? If the rumous is true the price goes up?

sure, if the rumours are true the price goes up, you do get it.

If the China ban is confirmed the price goes up? Sorry, but i must be reading something wrong.

[chessnut]

I don't get it? If the rumous is true the price goes up?

sure, if the rumours are true the price goes up, you do get it.

If the China ban is confirmed the price goes up? Sorry, but i must be reading something wrong.

there are new rumours about. the latest rumour is the ban was fake. scroll up the page.

[ShroomsKit]

I don't get it? If the rumous is true the price goes up?

sure, if the rumours are true the price goes up, you do get it.

If the China ban is confirmed the price goes up? Sorry, but i must be reading something wrong.

there are new rumours about. the latest rumour is the ban was fake. scroll up the page.

Oh damn, the way i was reading this "PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau" is that the news actually came from a reliable source. My bad, sorry.

[ShroomsKit]

So my guess what will happen if it's confirmed fake.
We went down well over 100 dollars because of a rumour. All that panic selling means that it China is considered very important for Bitcoin. If it turns out to be fake news that would be huge (sarcasm. People won't give a shit unless it's bad news). I predict a price rise to 530 (of course not nearly as much as what the idiots sold) at which point someone will dump and people will totally completely panic and sell back to 500. That's where they will wait for the next rumour or fake news so they can panic sell to 400.

[JayJuanGee]

I don't get it? If the rumous is true the price goes up?

sure, if the rumours are true the price goes up, you do get it.

I could NOT wait any longer.. TOO MUCH anxiety to be waiting for any further price drops... and the price may NOT come down any further.. who knows? 

Thus, I bought a little bit at $482 on Coinbase, which surprisingly brought my average buy-in BTC price from $670 to the lucky number of $666.... that is a bitcoin favorite, no?  So, about $180 to go up, and I will be back in the black.  Unless we get a train or a rocket, I am pretty confident that I will be buying again before we reach $666. 

At the moment, I set my next buy-in price at $450, if we get there in the next day or two.. otherwise, I will reassess my next buy in price.

[fotosonics]

So my guess what will happen if it's confirmed fake.
We went down well over 100 dollars because of a rumour. All that panic selling means that it China is considered very important for Bitcoin. If it turns out to be fake news that would be huge (sarcasm. People won't give a shit unless it's bad news). I predict a price rise to 530 (of course not nearly as much as what the idiots sold) at which point someone will dump and people will totally completely panic and sell back to 500. That's where they will wait for the next rumour or fake news so they can panic sell to 400.

Meditate upon the Falling Bear. He has been put to sleep and is falling. https://bitcointalk.org/index.php?topic=178336.msg5979811#msg5979811

[windjc]

So my guess what will happen if it's confirmed fake.
We went down well over 100 dollars because of a rumour. All that panic selling means that it China is considered very important for Bitcoin. If it turns out to be fake news that would be huge (sarcasm. People won't give a shit unless it's bad news). I predict a price rise to 530 (of course not nearly as much as what the idiots sold) at which point someone will dump and people will totally completely panic and sell back to 500. That's where they will wait for the next rumour or fake news so they can panic sell to 400.

Ha. Pretty much it seems.

Despair and fear and uneasiness is setting up all around us now. It's just a matter of how much pain the market can endure at this point. It was fascinating watching the market go from 200 to 1200 in a couple handful of days. It's been equally fascinating watching 11 out of 12 weeks of red candles, relentless, pressing the optimism out of the market little by little, sophocating the life right out of it.

And now we near the cusp of $380.  And all the doom and gloom prognosticators if that is breached. The stakes are getting higher.

We could soon see the streets running with blood.

[Tyson95]

PBoC has just confirmed that it was not the source of the latest ban FUD.  This comes from reliable Chinese news soure Weigo-Xiuxiu Nau.  Props to Proudhon for the tip.

Lol took me a minute, I hope this is the case. Good luck to everyone today.

[magicmexican]

seems like btc-e and stamp leading and chiina dragging behind

[magicmexican]

lol @ bitstamp

[podyx]

huge dump on stamp??

bears trying too hard

give up already lol

[GaliX]

why is it always Bitstamp dumping like crazy?

Looks like it's the only place merchants do sell frequently coins.