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

[JorgeStolfi]

Now the market is waiting for official confirmation that the China situation is still uncertain. 

[KeyserSoze]

He's still there.  Patiently waiting...  until you fall asleep.

lol, sneaky bastard...

[magicmexican]

A straight up fat red dildo to 2400 or below would not even surprise me at this point. Not one bit.

Until there is some serious buying i am prepared for everything.

[windjc]

A straight up fat red dildo to 2400 or below would not even surprise me at this point. Not one bit.

Until there is some serious buying i am prepared for everything.

If we go below 2620 then a fairly quick retracement towards 2400 will probably happen. However, I think we want to go a little higher first.

[JayJuanGee]

Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.

Your recent solution was that we sell and buy back again at $400 - which seems quite a ridiculous plan... and more ridiculous when we come to realize your ultimate motive in this thread is to get other people to do things that may NOT be in their economic interest, either short or long term... hodl and buy if you can, is a much better strategy.

[KeyserSoze]

Bull trap?

[JayJuanGee]

Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.

What makes you think the 3600 coins mined everyday end up on exchanges? I'm sure many of these are from miners who believe in the long term potential of Bitcoin, and won't sell at these low prices.

Yeah... maybe less than 1/3 end up on exchanges in any given day... and likely miners will be acting strategically concerning when they will sell... Sure panic sells are possible and selling out of necessity is also possible.

[Cheeseonastick]

Yeah... maybe less than 1/3 end up on exchanges in any given day... and likely miners will be acting strategically concerning when they will sell... Sure panic sells are possible and selling out of necessity is also possible.

Thank you for not shouting.

[JayJuanGee]

Guys, nobody would be happier if I am wrong than I would be. It's extremely likely we'll either go sideways for a long time or down. If we go down, $400 support will be tested and may or may not hold. 3600 coins mined per day on top of Chinese arbitragers constantly buying on Huobi, and selling on Stamp. There's simply too much liquidity to soak up without a strategic retreat in price.

It's a great time to buy if you don't mind waiting months or years to see a significant profit, but a rocket ride up past $500 before April 15 is delusional, unless there's possibly a spike that immediately crashes back down. Bitfinex walls keep moving, but the Bitstamp wall is staying solid and immovable at $400.

I know opinions change and this isn't a low blow particularly but you really must be taking your forced liquidation badly. Two days ago it was choo choo and now your saying that anyone buying coins here would have to wait years for a profit.

What's changed in a day or so?

He SODL, the most daring of bulls capitulated. that's a contrarian indicator, bullish  

He's FUCKED.... and he has been trying to convince the rest of us to sell too, in order to bring the prices down... ridiculous... and FUCK DAT...... Maybe good if he cuts his losses and buy back into BTC at $435, if we happen to dip back down there again.... otherwise may miss the choo choo rocket

[ChartBuddy]

Explanation

[JayJuanGee]

This has been a good strategy for months now.

Agreed... a good strategy in recent months... however, these guys who are waiting never pull the trigger b/c they are always waiting for a better price... and when the price finally does get to a good low level, then they are scared shitless that the price is going to go lower..

[JayJuanGee]

Anyone else getting bored of $430 ?

I am. I  even think it would be better at 300 $ :-)

slowly back to $666... Used to be that we thought $666 was low... now.. we are floating at 444, which is half of 888... whatever

[gizmoh]

All weak hands capitulated and awaiting sub $400.. Bears are chickening out now 

[JayJuanGee]

Anyone else getting bored of $430 ?

I am. I  even think it would be better at 300 $ :-)

Once again, someone hoping that BTC will crash to a low $300 should stick to alt coins. Go buy some Auroracoins.

And no, i've not been shorting. I've been Hodling from $700 and from $420.

Is your buy in price $700? 

[JayJuanGee]

Anyone else getting bored of $430 ?

I am. I  even think it would be better at 300 $ :-)

Once again, someone hoping that BTC will crash to a low $300 should stick to alt coins. Go buy some Auroracoins.

And no, i've not been shorting. I've been Hodling from $700 and from $420.

This seriously puzzles me. Why should those who think, say, 300 is a likely target go and "stick to alt coins"? Wouldn't you rather they start buying at 300, to prevent price falling even further?

Yeah, maybe we need to start thinking in milibits.. at some time soon?  But then people may think BTC is too cheap at 44 cents?

[JayJuanGee]

Bobby Lee != Charles Lee

I thought that they were brothers or something.. I thought that Charles Lee had said that Bobby Lee was his brother, no?

EDIT:::::   NEVER MIND>>>> already answered by several others that they are brothers..

[klopper]

ChooChoo motherfukers!!! Going up!

[JayJuanGee]

slight trend reversal this morning...glad to see there is a little growing buy support today

Haven't you heard? It's a bull trap. The bears on this forum confirmed it.

Yes, And we met $460 in the same 12 hours, much before your predicted $350 in 12 hours.... who would have thunk?

Probably you would have thunk b/c you were too chicken shit to take a bet on the prospect of your own prediction.

[rohnearner]

off to bed for a good night sleep..! just hoping to see the 500$mark again when I'll open my eyes.

[EuroTrash]

Ahem... this might go both ways. I have contributed my fair amount to that pump. Gonna see if the other contributors are old whales or new meat. In the former case, the decline will restart soon.