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

[chessnut]

When the rally started it was about 4:00 pm in China, and it jumped just before 5:00 pm.  Perhaps out of relief that bank hours were nearly over (they close at 5:00 pm it seems), and there were no bad news today?

yeah I think you are right. The risk will become less and less in the coming days. PBOC has had plenty of time to make an announcement.

as for more exchanges shutting down, we shouldn't hear that sort of news until April 15th.

[solex]

When the rally started it was about 4:00 pm in China, and it jumped just before 5:00 pm.  Perhaps out of relief that bank hours were nearly over (they close at 5:00 pm it seems), and there were no bad news today?

yeah I think you are right. The risk will become less and less in the coming days. PBOC has had plenty of time to make an announcement.

as for more exchanges shutting down, we shouldn't hear that sort of news until April 15th.

Maybe it was this news about exchange expansion!
http://www.itbusinessnet.com/article/OKCoin-Chinas-Largest-Bitcoin-Exchange-Raises-10-Million-Series-A-Round-3158277

[Mervyn_Pumpkinhead]

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse, is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an attractive investment environment.

[podyx]

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an unattractive investment environment.

Love the fact that there is still bearish sentiment

[JorgeStolfi]

Maybe it was this news about exchange expansion!
http://www.itbusinessnet.com/article/OKCoin-Chinas-Largest-Bitcoin-Exchange-Raises-10-Million-Series-A-Round-3158277

Perhaps.  But I understood that the investment deal had been decided back in December? What does "closed" means?

[KFR]

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an unattractive investment environment.

Love the fact that there is still bearish sentiment

His first post too.

[chessnut]

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an unattractive investment environment.

Love the fact that there is still bearish sentiment

+1

the very confirmation of the bears worst fears cant bring this market to new lows. hopelessly over sold and begging to be squeezed.

grab some cheap coins and wait for the good news (yes it is time now again that good news will affect the price positively)

[KFR]

Maybe it was this news about exchange expansion!
http://www.itbusinessnet.com/article/OKCoin-Chinas-Largest-Bitcoin-Exchange-Raises-10-Million-Series-A-Round-3158277

Perhaps.  But I understood that the investment deal had been decided back in December? What does "closed" means?

My understanding is that they signed the deal in December but have just completed the paperwork to secure, and begin to draw down on, the full $10m of capital.

[Mervyn_Pumpkinhead]

The rise is weak and it will start falling fast again at 520 or earlier.
The current rise is weaker then the one that did 465-510, and that rise already had hard time sustaining itself.
When will you people learn, that sustainable rises won't just pop out of thin air. These short lived rises are created by individual whales who get bored and decide to gamble.
BTC won't be out of this slow downfall, until there will be any important news in BTC's favour. Right now, the general public isn't buying because of the trust issues created by MtGox. Only thing that keeps the price from an collapse is the desperation of the hodlers and miners. And desperation keeping the price up, isn't exactly creating an unattractive investment environment.

Love the fact that there is still bearish sentiment

You're pretending to love it, so you could pretend confidence with the price going up. It's been like that for months, with the "most enthusiastic of the enthusiasts" always so certain that now is the time when the price will go up. It seems like they have bought very high, because they seem kind of desperate for the price to go up. I hope that they didn't loan money to buy bitcoins.

[solex]

Maybe it was this news about exchange expansion!
http://www.itbusinessnet.com/article/OKCoin-Chinas-Largest-Bitcoin-Exchange-Raises-10-Million-Series-A-Round-3158277

Perhaps.  But I understood that the investment deal had been decided back in December? What does "closed" means?

My understanding is that they signed the deal in December but have just completed the paperwork to secure, and begin to draw down on, the full $10m of capital.

"closed" in this context means no more investors will be accepted.
Odd that this gets re-announced just when banking restrictions kick-in.

[chessnut]

You're pretending to love it, so you could pretend confidence with the price going up. It's been like that for months, with the "most enthusiastic of the enthusiasts" always so certain that now is the time when the price will go up. It seems like they have bought very high, because they seem kind of desperate for the price to go up. I hope that they didn't loan money to buy bitcoins.

no, we genuinely LOVE it. do you know how sentiment works?

we are at a classic bottom. the worst news possible came the other day, yet the market couldnt carve out new lows.

the bears are spent. the worst is over.

Yes I have a leverage long position from 450 and Im not letting go.

[ChartBuddy]

Explanation

[Mervyn_Pumpkinhead]

@Mervyn_Pumpkinhead

Great name.

The cultists will be wanting to recruit you.

I could only be recruited if the cult would have a clue about making money.
The Cult of Desperation isn't probably a very profitable group..

[chessnut]

Who is your boss Mervin? why did he send you here? how many bitcoins is he trying to buy?

[Mervyn_Pumpkinhead]

You're pretending to love it, so you could pretend confidence with the price going up. It's been like that for months, with the "most enthusiastic of the enthusiasts" always so certain that now is the time when the price will go up. It seems like they have bought very high, because they seem kind of desperate for the price to go up. I hope that they didn't loan money to buy bitcoins.

no, we genuinely LOVE it. do you know how sentiment works?

we are at a classic bottom. the worst news possible came the other day, yet the market couldnt carve out new lows.

the bears are spent. the worst is over.

Yes I have a leverage long position from 450 and Im not letting go.

When you are holding 5000+ BTC, and you want to get rid of them, then you won't dump them together. You dump some, then wait for the desperate fellows to build support "because it's only going to rise now!" and then you dump some more. It's more profitable this way.
It's funny and sad to see, how this has been going on for months now, and the desperate fellows are even wiring in more fiat, so that rich fellows could sell with better profits and move on to better investments

[podyx]

When you are holding 5000+ BTC, and you want to get rid of them, then you won't dump them together. You dump some, then wait for the desperate fellows to build support "because it's only going to rise now!" and then you dump some more. It's more profitable this way.
It's funny and sad to see, how this has been going on for months now, and the desperate fellows are even wiring in more fiat, so that rich fellows could sell with better profits and move on to better investments

You're not that bright, are u?

[chessnut]

When you are holding 5000+ BTC, and you want to get rid of them, then you won't dump them together. You dump some, then wait for the desperate fellows to build support "because it's only going to rise now!" and then you dump some more. It's more profitable this way.
It's funny and sad to see, how this has been going on for months now, and the desperate fellows are even wiring in more fiat, so that rich fellows could sell with better profits and move on to better investments

and what do you do when you want to buy a whole bunch of bitcoin?

you engineer FUD, and then you set large buy orders ready to intercept noobs who panic sell all their coins. then you release the news, and everyone GIVES them to you, out of desperation.

day before yesterday, a giant whale was exposed accumulating large sums of bitcoin, when the worst news possible was released and the market rallied afterwards.

[Mervyn_Pumpkinhead]

Who is your boss Mervin? why did he send you here? how many bitcoins is he trying to buy?

The Illuminati sent me here in collaboration with the grey alien banksters. They are trying to buy ALL of the Bitcoins, because they just love high risk, low reward investments

When you are holding 5000+ BTC, and you want to get rid of them, then you won't dump them together. You dump some, then wait for the desperate fellows to build support "because it's only going to rise now!" and then you dump some more. It's more profitable this way.
It's funny and sad to see, how this has been going on for months now, and the desperate fellows are even wiring in more fiat, so that rich fellows could sell with better profits and move on to better investments

You're not that bright, are u?

Yes, everyone who doesn't believe another one of those "This is the bottom, now it will go up! Doesn't matter that there is no reason for it to do so! It will just go up! It will! It will!", aren't just very bright. Bright people tend to do the same mistake for months, while not realizing the ineffectiveness of their method. You seem like a very bright fellow, I bet that you are considered as an scholar among your peers

[podyx]

Yes, everyone who doesn't believe another one of those "This is the bottom, now it will go up! Doesn't matter that there is no reason for it to do so! It will just go up! It will! It will!", aren't just very bright. Bright people tend to do the same mistake for months, while not realizing the ineffectiveness of their method. You seem like a very bright fellow, I bet that you are considered as an scholar among your peers

[Aki4real]

Who is your boss Mervin? why did he send you here? how many bitcoins is he trying to buy?

The Illuminati sent me here in collaboration with the grey alien banksters. They are trying to buy ALL of the Bitcoins, because they just love high risk, low reward investments

When you are holding 5000+ BTC, and you want to get rid of them, then you won't dump them together. You dump some, then wait for the desperate fellows to build support "because it's only going to rise now!" and then you dump some more. It's more profitable this way.
It's funny and sad to see, how this has been going on for months now, and the desperate fellows are even wiring in more fiat, so that rich fellows could sell with better profits and move on to better investments

You're not that bright, are u?

Yes, everyone who doesn't believe another one of those "This is the bottom, now it will go up! Doesn't matter that there is no reason for it to do so! It will just go up! It will! It will!", aren't just very bright. Bright people tend to do the same mistake for months, while not realizing the ineffectiveness of their method. You seem like a very bright fellow, I bet that you are considered as an scholar among your peers

If you really believe your own story, why don't you short BTC with a CFD? (If you're not, you are idd not that bright)
Oh right... you're already doing that.. (wow you're so smart?)

Thanks for stopping by though.. Maybe you have 0.01% less loss because someone actually believed what u said.

Good luck with trading!