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

[lynn_402]

It's impossible for it to be "priced in"
1. There's still a chance it doesn't actually happen ,and it hadn't actually happened yet. Action is louder than words.
2. Chinese are still buying bitcoins.
3. Chinese are still holding bitcoins.
4. Chinese exchange operators are still trying to say everything is ok and that they will try to continue to operate as much as possible.
5. There are still people calling it "FUD".

It's very hard to price in the effect of something that will radically change supply and demand. For example, the halvings on bitcoin and altcoins never seem to priced in properly and end up causing a dramatic change.

I'm quite sure the Chinese will still be buying, or at least holding, Bitcoin.
It's so easy to hide; that's part of what makes it attractie. And those who use know are geeks who know of ways to circumvent the country's control of the internet, so they won't have any problem finding ways to invest freely.

[Mervyn_Pumpkinhead]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

sounds good on paper, but in reality a guide how to miss all bottoms in the last 2+ years

It was exactly like that in June. Don't assume that I'm new here just because my name is new. The loud ones usually aren't very patient people. You can see it by them constantly seeing every small spike as an bottom. And they will get agitated quickly if the price drops lower, then it was promised to them by those who they consider as authority figures in this forum.

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

oh thats cute, you are obviously new here.

I rode the great bear market, I am turning bullish because of #3.

Well, good for you. Some decide to ride bear markets, and some decide to move their wealth from bear markets to bull markets. It's a little hard to understand on why the hell would anyone want to ride a bear market though, if he isn't so heavily involved, that it would be difficult to move out. You could just move your wealth to another investment, where profit is more probable. Makes sense right? But, I think that the cult issue comes to play here. That there are people who consider BTC more then making money. They actually believe that they are contributing to society by investing into bitcoin. It doesn't make sense to me, because bitcoin has even bigger wealth distribution issues then the monetary system run by global banking. But well, this is religion and religion shouldn't make much sense. Religion can mostly be classified by the dogmas that are supporting it. Religion shouldn't be argued over. If some people chose to live a certain fantasy, then it should be their freedom to do so

[chessnut]

It's impossible for it to be "priced in"
1. There's still a chance it doesn't actually happen ,and it hadn't actually happened yet. Action is louder than words.
2. Chinese are still buying bitcoins.
3. Chinese are still holding bitcoins.
4. Chinese exchange operators are still trying to say everything is ok and that they will try to continue to operate as much as possible.
5. There are still people calling it "FUD".

can't you see why those two factors do not belong in this argument? this is not a ban of bitcoin in effect or in law. The chinese still have many ways to buy and trade bitcoin, and they may legally hold it and use it.

Huobi is operating..... BTCe is operating....

If 'it' happens, we still dont know exactly what that is. regulation in china is cloudy. But we do know what it's NOT. ^^

[magicmexican]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

sounds good on paper, but in reality a guide how to miss all bottoms in the last 2+ years


It was exactly like that in June. Don't assume that I'm new here just because my name is new. The loud ones usually aren't very patient people. You can see it by them constantly seeing every small spike as an bottom. And they will get agitated quickly if the price drops lower, then it was promised to them by those who they consider as authority figures in this forum.

I assume that you are new because you did register 2 days ago.

You can say whatever you want about "seeing every small spike as bottoms" but in reality, about 80%+ or even more bottoms that i've seen since the beggining of 2013 were surrounded with TONS of "this is just the first stage of the dump, prepare for more" "lol a bulltrap incoming" an so on and so on

[chessnut]

Well, good for you. Some decide to ride bear markets, and some decide to move their wealth from bear markets to bull markets. It's a little hard to understand on why the hell would anyone want to ride a bear market though, if he isn't so heavily involved, that it would be difficult to move out. You could just move your wealth to another investment, where profit is more probable. Makes sense right? But, I think that the cult issue comes to play here. That there are people who consider BTC more then making money. They actually believe that they are contributing to society by investing into bitcoin. It doesn't make sense to me, because bitcoin has even bigger wealth distribution issues then the monetary system run by global banking. But well, this is religion and religion shouldn't make much sense. Religion can mostly be classified by the dogmas that are supporting it. Religion shouldn't be argued over. If some people chose to live a certain fantasy, then it should be their freedom to do so

seriously, you are not very bright. holding fiat is a neutral position.

and whats your point? could you stop the fallacies?

[magicmexican]

wonder if it will rebound from 2800~ or 2700 will be tested again

[surfer43]

HUGE dump on stamp  

[podyx]

[podyx]

considering buying right now

but it may drop lower

[Sitarow]

[hd060053]

wtf why this dumping again ? who is selling into an upward trend

[dreamspark]

News or are we just dumping for fun again ?

[jonoiv]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

more like this

[ShroomsKit]

Lets keep dumping till we are at 0. That will make the bears completely happy right?

[adamstgBit]

holly molly

[seleme]

I can't bloody believe that I miss top two days in a row while sleeping 

[fortune143]

Bid wall on Stamp taking a beating. Also almost 500 coins sold below spot price.

Any guesses on the causes of this latest activity

[magicmexican]

kinda predictable dump, revisiting 450-440 is a high possibility, maybe even going for the new bottom

[Ivanhoe]

And suddenly ask walls propping up as well

[chessnut]

I can't bloody believe that I miss top two days in a row while sleeping 

Lol I told ya, you missed the surprise confirmation of the official ban confirmation.