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

[JayJuanGee]

Might as well just write China off and move on. I did that last year before Christmas. Chinese government don't want bitcoin, it is very obvious indeed. The Chinese government will get what they want, you can be certain of that.

NONE of this is obvious... and certainly the chinese is NOT as hostile to BTC as my be apparent... they would like to have various vehicles in which to invest outside of the dollar... and btc is one of those vehicles... they may seem to have some concerns about bitcoin and its affect on capital controls, but in the end NONE Of this is apparent concerning their overall love/hate relationship with bitcoin.

[Mythul]

Its too late to sell now. Might as well hold the bag till the very end...

[Hypnoise]

Guys, you all are a part of the problem... You think that you're so smart, talking about bulls and bears, and a lot of rubbish.

You need to realize: Bitcoin is going to fall unless there will be more people interested in buying them. And trust me, a person who gets to bitcointalk.org to get some info, and decide whether to invest or no, and actually starts to read this thread as the most popular one, and dedicated to discussion about the price, etc. and starts to read a zoology treaty will consider all this a big joke.
Do you think if an investor would have some interest in the stock market, on a specific company, and when trying to get more information about his potential investment would start to read all this rubbish, will NEVER invest. Some computer geeks who think they are business men, or who never actually leave their rooms, are being "smart" here... in a business you need to be serious first of all, and bulls and bears have nothing to do with Bitcoins as an investment.

The other problem is that altcoins are falling down. They were the ticket for late investors to adopt Bitcoin. So, there is a very very strong relationship between those and BTC. I always told, the minute altcoins will die, BTC will too. Simply because nobody is going to pay hard cash at this prices for something where the "insiders" are talking about bears and bulls, instead of serious matters in a serious language.

cannot see how much your way of thinking is different from other smart guys. Reality is that bitcoins markets under full control of high frequency trading bots. Recently FBI start looking into high frequency trading bots in traditional markets. 800-900 bots at any time trading on BTCe. It is bots wars and it going to stay this way.

"Science and technology changing our lives, but myths and believes framing our response."

[fonzie]

Its too late to sell now. Might as well hold the bag till the very end...

You might think about that when we hit 80$.
Better sell now and buy back with a loss.
I agree with seleme in this situation.
It´s not worth to risk holding now.

[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.

We have already met all three sufficiently for the price to rise....  at least 1 and 2, which seem the most potentially relevant to this lame-ish description of prerequisites.

 Regarding #2 we have been between $420 and $599 for about 3 weeks... that is quite a long time.

Actually, regarding #3, this is NOT any kind of necessary prerequisite

No, it isn't so, sorry.
"400 is the bottom" has been the most popular belief and fools are still cheering for bitcoin going up. There has to be something stronger, that will shake the fools. Always exit an market when fools enter, and always enter the market when fools exit. And don't ever enter the market, that everyone is talking about, or else you will be the fool. Right now there is a lot of agony from those who bought at the top of the last bubble, but there has to be total desperation with dramatic finishing speeches etc. Then you know that the market is set to buy in.

[BBmodBB]

Guys, you all are a part of the problem... You think that you're so smart, talking about bulls and bears, and a lot of rubbish.

You need to realize: Bitcoin is going to fall unless there will be more people interested in buying them. And trust me, a person who gets to bitcointalk.org to get some info, and decide whether to invest or no, and actually starts to read this thread as the most popular one, and dedicated to discussion about the price, etc. and starts to read a zoology treaty will consider all this a big joke.
Do you think if an investor would have some interest in the stock market, on a specific company, and when trying to get more information about his potential investment would start to read all this rubbish, will NEVER invest. Some computer geeks who think they are business men, or who never actually leave their rooms, are being "smart" here... in a business you need to be serious first of all, and bulls and bears have nothing to do with Bitcoins as an investment.

The other problem is that altcoins are falling down. They were the ticket for late investors to adopt Bitcoin. So, there is a very very strong relationship between those and BTC. I always told, the minute altcoins will die, BTC will too. Simply because nobody is going to pay hard cash at this prices for something where the "insiders" are talking about bears and bulls, instead of serious matters in a serious language.

right! ~ bitcoin started out as this underground currency, now you have all these characters trying sooo hard to turn it into a stock market hedgefund plaything. It was not designed for this, it is acting like any other risky stock at this point in the game!!! lollll =)

[tarmi]

in a business you need to be serious first of all

[fonzie]

BTW;

Is Goat still promoting "holding" in his thread? Or has he deleted that as well?

[bitjoint]

You might think about that when we hit 80$.

80$? In your dreams dude... you're not going to see double digits again...

[seleme]

Hm.. OKCOin and BTCCHina still only speaking about third party payments...

BTCChina

http://weibo.com/bitcoinchina (via Weibo aka Chinese Twitter)

Quote
Everyone, we have to temporarily suspend deposits via JD, our third-party processors. In the meantime, you can still deposit CNY directly through your bank or use BTCC Code to fund your account. CNY withdraws are not effected at this time.

[KeyserSoze]

Coinbase bid/ask spread is lower than NASDAQ bid/ask spread:
http://www.ustream.tv/recorded/45677473 (@45:00)

Another commenter says best price prediction for Bitcoin is "99% of today's price plus $4.63" (it think that was the dollar amount). Anyway I found this odd...

For Professor Bitcorn fans, he's back and bashing Bitcoin at the beginning of this video. He's sitting right beside rep from Coinbase and telling SBA that Coinbase is taking too much risk. It seems Jorge would LOVE this guy!
http://www.reddit.com/r/Bitcoin/comments/1whr4i/professor_bitcorn/

[nrd525]

What Chinese exchange do people think is most relevant?  Maybe this should be a poll question!

I've been following Huobi. The OKCoin volume looks more suspicious - doesn't vary as much as it should.

[adamstgBit]

Hm.. OKCOin and BTCCHina still only speaking about third party payments...

BTCChina

http://weibo.com/bitcoinchina (via Weibo aka Chinese Twitter)

Quote
Everyone, we have to temporarily suspend deposits via JD, our third-party processors. In the meantime, you can still deposit CNY directly through your bank or use BTCC Code to fund your account. CNY withdraws are not effected at this time.

SOoooooooooooooo,

 china is temporarily banning bitcoin???

[fonzie]

@Mervyn_Pumpkinhead

I´m glad you joined to forum. I´m totally down with all of your posts and like the style of your arguments.
I can´t write like this because i´m too big of a troll.
But your opinion fits mine pretty close.

I hope you don´t feel insulted now.

[ChartBuddy]

Explanation

[fonzie]

4h MACD on Bitstamp = DOWN

[seleme]

Hm.. OKCOin and BTCCHina still only speaking about third party payments...

BTCChina

http://weibo.com/bitcoinchina (via Weibo aka Chinese Twitter)

Quote
Everyone, we have to temporarily suspend deposits via JD, our third-party processors. In the meantime, you can still deposit CNY directly through your bank or use BTCC Code to fund your account. CNY withdraws are not effected at this time.

SOoooooooooooooo,

 china is temporarily banning bitcoin???

17th ban will be for real, they promised 

[nrd525]

Still 16 Mio in USD swaps on Bitfinex. I gues they will provide a great help to break the 400$ support.

These USD swaps are for long positions.

[Mervyn_Pumpkinhead]

Guys, you all are a part of the problem... You think that you're so smart, talking about bulls and bears, and a lot of rubbish.

You need to realize: Bitcoin is going to fall unless there will be more people interested in buying them. And trust me, a person who gets to bitcointalk.org to get some info, and decide whether to invest or no, and actually starts to read this thread as the most popular one, and dedicated to discussion about the price, etc. and starts to read a zoology treaty will consider all this a big joke.
Do you think if an investor would have some interest in the stock market, on a specific company, and when trying to get more information about his potential investment would start to read all this rubbish, will NEVER invest. Some computer geeks who think they are business men, or who never actually leave their rooms, are being "smart" here... in a business you need to be serious first of all, and bulls and bears have nothing to do with Bitcoins as an investment.

The other problem is that altcoins are falling down. They were the ticket for late investors to adopt Bitcoin. So, there is a very very strong relationship between those and BTC. I always told, the minute altcoins will die, BTC will too. Simply because nobody is going to pay hard cash at this prices for something where the "insiders" are talking about bears and bulls, instead of serious matters in a serious language.

I agree that most people here give bitcoin investment a very bad halo effect.

Don't worry about the alts though. To this day, most of the alts are tied to BTC because most of the wealthier gamblers always buy a certain percentage of many different coins. So, if BTC starts to fall, then they also sell the same percentage of everything. In the future, an altcoin will probably tear itself apart from BTC, and then there will be an interesting week Crypto won't die though. BTC will eventually die, but the idea of open-sourced private monetary systems is out, and it will bring forward new and better forms of transparent digital currency

[fonzie]

If you think these red 12h candles are big you might look at December 16-18.
This is only the beginning.