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

[Hypnoise]

that was the bottom, where is another bottle cheers  

this simply isn't so till we have something to confirm fud, and unleash cannons of fiat.

yes you are right

[adamstgBit]

457

what    the     fuck

[oda.krell]

Here, I'll go and say it: there's a chance we're about to find out 380/400 wasn't the ultimate bottom. Maybe not today, but it starts feeling pretty bleak, in the sense that cheap 400 coins start feeling like fairly priced 400 coins. I can be corrected of course, by any decent volume uninterrupted counter trend that lasts longer than 3 days, but lately those get shot down pretty quickly. I remember laughing at lucif 's EW prediction that this won't be a quick correction like last time, but I start having doubts about my reaction back then.

[JorgeStolfi]

am still skeptical...

Care to summarise?

I would rather wait a few days if you don't mind.    But I have posted my reasons before; I see nothing wrong with the protocol itself, it is all about my understanding of how the world works, what is possible to do in it, and how a bitcoin economy could (or could not) work.

[podyx]

even some of the permabulls are bearish

the bottom must be here soon...

[dnaleor]

All that bearish sentiment. I get the same feeling as in the summer of 2013:



Keep calm and HODL

edit:

130 USD ~ 720-800 USD
65 USD ~ 400-450 USD

[adamstgBit]

457

what    the     fuck

451

 

AHHHHHHH

[JCviggen]

All that bearish sentiment. I get the same feeling as in the summer of 2013:



Keep calm and HODL

Ah yes, that's where I sold all my 32 BTC.  

Like, literally the lowest spot.

[podyx]

457

what    the     fuck

451

 

AHHHHHHH

449

[magicmexican]

i am betting on 392 as the new bottom

[CoinRocka]

March 28, 2014 - 10:01:01 AM CET. 16,179,745.59 USD 9,530.79 BTC 23,740.40 LTC
March 30, 2014 - 10:07:56 AM CEST. 17,255,586.49 USD 8,814.56 BTC 23,852.00 LTC
March 30, 2014 - 01:44:49 PM CEST. 17,297,316.35 USD 7,837.08 BTC 24,669.27 LTC
March 30, 2014 - 03:37:31 PM CEST. 16,070,695.32 USD 6,807.79 BTC 23,030.25 LTC

Never gonna give you up, never gonna let you down? well, some 1.2m USD worth of longs gave up.

Still, only buyers of 6807 BTC left to sell to now and 16m margin longs and only 11.3m of bids in the entire orderbook and a lot of those is just 1 guy.

such guy:

15:20   +  BID:     240.24000000  BTC   @   $ 454.00   |   USDSUM = $ 109068.96
15:20   +  BID:     240.24000000  BTC   @   $ 449.50   |   USDSUM = $ 107987.88
15:20   +  BID:     240.24000000  BTC   @   $ 445.00   |   USDSUM = $ 106906.80
15:20   +  BID:     240.24000000  BTC   @   $ 440.50   |   USDSUM = $ 105825.72
15:20   +  BID:     240.24000000  BTC   @   $ 436.00   |   USDSUM = $ 104744.64
15:20   +  BID:     240.24000000  BTC   @   $ 431.50   |   USDSUM = $ 103663.56
15:20   +  BID:     240.24000000  BTC   @   $ 427.00   |   USDSUM = $ 102582.48
15:20   +  BID:     240.24000000  BTC   @   $ 422.50   |   USDSUM = $ 101501.40
15:20   +  BID:     240.24000000  BTC   @   $ 418.00   |   USDSUM = $ 100420.32
15:20   +  BID:     240.24000000  BTC   @   $ 413.50   |   USDSUM = $  99339.24
15:20   +  BID:     240.24000000  BTC   @   $ 409.00   |   USDSUM = $  98258.16
15:20   +  BID:     240.24000000  BTC   @   $ 404.50   |   USDSUM = $  97177.08
15:20   +  BID:     240.24000000  BTC   @   $ 400.00   |   USDSUM = $  96096.00
15:20   +  BID:     240.24000000  BTC   @   $ 395.50   |   USDSUM = $  95014.92
15:20   +  BID:     240.24000000  BTC   @   $ 391.00   |   USDSUM = $  93933.84
15:20   +  BID:     240.24000000  BTC   @   $ 386.50   |   USDSUM = $  92852.76
15:20   +  BID:     240.24000000  BTC   @   $ 382.00   |   USDSUM = $  91771.68

such balls. wow

Market manipulation or really playing against the market?

He could get a lot of btc! 1.6millions of buy orders!

Andressen.

[MANofthePEOPLE]

Will BTC recover ? if so how long and when ?

Depends if you ask fonzie or billiejean. According to fonzie it's probably going down the drain and if you ask billiejean we are heading towards 1 mill/coin within a few weeks

[podyx]

holy crap, that ask depth is very low though

there is gonna be a violent upswing sooner or later

[magicmexican]

Will BTC recover ? if so how long and when ?

Depends if you ask fonzie or billiejean. According to fonzie it's probably going down the drain and if you ask billiejean we are heading towards 1 mill/coin within a few weeks

the truth is probably the combination of 2, first we are going to 0$, and rebound to 1 mil/coin

[seleme]

holy crap, that ask depth is very low though

there is gonna be a violent upswing sooner or later

It will be spectacular 

[dnaleor]

I sold 5% of my coins just in cae the bottom is below 400 USD. So I have some cash to pick up cheap coins on the way down.
But I do not expect that. I will buy back those 5% when BTC hits 500 USD again, with a 20 USD loss per coin. I am willing to take that risk (I rather see it as an insurance).

But I do not really think we go below 400 USd for a long time; Maybe flash crash to 380 at most. Although I think we will bounce at 420 or something.

Just HODL

[AngelSky]

[podyx]

am still skeptical...

Care to summarise?

I would rather wait a few days if you don't mind.    But I have posted my reasons before; I see nothing wrong with the protocol itself, it is all about my understanding of how the world works, what is possible to do in it, and how a bitcoin economy could (or could not) work.

Can't say I blame you Something Bitcoin has opened my eyes to is societies resilience to change and Bitcoin will certainly face far more resilience than most innovations.

I wonder where the make or break point will be for bitcoin

I initially thought it would be sometime in 2014 but I don't know

I just don't get what would stop bitcoin cause even if all governments in the world would ban bitcoin, there would be a black market for it and because of this instrintic value that means it will also serve as a store of value and then we are still looking at a value well over $10k for a bitcoin

[adamstgBit]

457

what    the     fuck

451

 

AHHHHHHH

449

445

[magicmexican]

i wonder when some buyers will finally show up