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

[chessnut]

I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

[dreamspark]

I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

So if the news is bad you feel we dont go down and then a rally ignites due to no more China news and if its good we rally anyway?

[ChartBuddy]

Explanation

[chessnut]

So if the news is bad you feel we dont go down and then a rally ignites due to no more China news and if its good we rally anyway?

More or less. If the news is bad, I think we will not manage to make new lows. the large players know that the 15th might be their last chance to buy into panic.

[lemonte]

I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

I like how this plays out, but I am not sure about the 600s within 2 weeks. Don't forget, we still have the Gox fall out and Mark's day in court to come before we see that come to anywhere near a conclusion.

[dreamspark]

I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

I like how this plays out, but I am not sure about the 600s within 2 weeks. Don't forget, we still have the Gox fall out and Mark's day in court to come before we see that come to anywhere near a conclusion.

I agree with the gox fallout but how does Karpeles day in court have an efect on the price?

[dreamspark]

So if the news is bad you feel we dont go down and then a rally ignites due to no more China news and if its good we rally anyway?

More or less. If the news is bad, I think we will not manage to make new lows. the large players know that the 15th might be their last chance to buy into panic.

Its optimistic I'll give you that  if the news is bad I definately think they lows will be tested and on its way down it will be interesting to see how much support disapears.

[lemonte]

I dont think that tonight is the night for a large rally either, but I do think that the new uptrend will have begun before the 15th. In that case, time is quickly running out for the market to reach new lows.

On the 15th, good news or bad news, that will likely be the last opportunity to buy cheap coins (if we are still at 400) as the 'chinese ban' theme comes to an end.

I think the market will prepare for this, and we will be at 550 before next Wednesday, and back at home in the 600s within 2 weeks.

I like how this plays out, but I am not sure about the 600s within 2 weeks. Don't forget, we still have the Gox fall out and Mark's day in court to come before we see that come to anywhere near a conclusion.

I agree with the gox fallout but how does Karpeles day in court have an efect on the price?

Well judging by his other personal appearances or statements, it's probably safe to say that he's going to say something stupid, issue bad news or spread worry amongst the market.

[JorgeStolfi]

but it is still no crime.

Ponzi schemes have been outlawed in many countries because most people who entered them were misled by the organizers with promises of high profits, and were unaware that the schema would inevitably collapse, so that their  expected profit was actually negative.

i told my landlord about bitcoin as an investment because i believed it was a good investment. she invested 12.5 k € in may 2013 and sold above 1000 beginning of december, profiting € 100 k .  boy, i feel so guilty.

Good for her... but what about the guy who bought from her at above 1000 in December?  He too was told it was a good investment, but lost more than 55,000 € at this point...

[dreamspark]

Good for her... but what about the guy who bought from her at above 1000 in December?  He too was told it was a good investment, but lost more than 55,000 € at this point...

Only if he sells at a loss... only way you loose money is by realizing a loss.

[roslinpl]

Yay !!! 458 is so so close !!! Just 6$ more... please.

[magicmexican]

huobi on the dump

[podyx]

huobi on the dump

$2 massive dump these days lol

[billyjoeallen]

Also note there are no 1,500BTC bid walls accumulating coins this time.

no one is interested in the 500BTC wall on btc-e tho.

volume is low because we accumulated so many god damn hodlers invested for the future.

don't expect them to all panic sell at once because china banned bitcoin 5 times in april.

http://www.youtube.com/watch?v=NG1qooBzE2w&feature=share&list=PL3C264C70646796C4&index=4

December 2013  - oh shit!!!!! china bans bitcoin

January 2014  - you know what ?  bitcoin is going to banned in china at the end of January

February 2014  - NEWS FLASH -  china bans bitcoin

March 2014  - guess what china is banning?

April 2014  - fill in the blank---- China is going to ban [______]  come on, you can do it.  guess.

December 2013 oh shit!! Mt Gox is insolvent!

January 2014 you know what? Mt Gox is going to be insolvent at the end of January

February 2014 - NEWS FLASH- Mt Gox is insolvent

February 28 - We regret to inform you that due to rumors, we are temporarily suspending deposits...

[JorgeStolfi]

[ Huobi opening overseas trading platform ]
http://www.btc798.com/article-3526-1.html

Huobi making like the Internet or Bitcoin itself and routing around the damage?

Thanks! However, in his Coindesk interview (well before the Caixin rumor), Huobi's CEO said they had been planning this move for some time.

The rumor may have spurred them to do it earlier than they had planned.  BTC-China too created "international accounts" a week ago.

Let's see what will happen.  I would think that most of their domestic customers would be unwilling or unable to move to the overseas platform.  So, if the rumor turns out to be correct, the price may still drop some more around April 15.





 

[magicmexican]

huobi on the dump

$2 massive dump these days lol

enough to send btc-e trollbox into the panic mode

[ShroomsKit]

huobi on the dump

$2 massive dump these days lol

enough to send btc-e trollbox into the panic mode

I'm so happy i managed to stop reading there. It was quite addicting.
It's one of the worst parts of the internet i can think of.

[p0peji]

Also note there are no 1,500BTC bid walls accumulating coins this time.

no one is interested in the 500BTC wall on btc-e tho.

volume is low because we accumulated so many god damn hodlers invested for the future.

don't expect them to all panic sell at once because china banned bitcoin 5 times in april.

http://www.youtube.com/watch?v=NG1qooBzE2w&feature=share&list=PL3C264C70646796C4&index=4

December 2013  - oh shit!!!!! china bans bitcoin

January 2014  - you know what ?  bitcoin is going to banned in china at the end of January

February 2014  - NEWS FLASH -  china bans bitcoin

March 2014  - guess what china is banning?

April 2014  - fill in the blank---- China is going to ban [______]  come on, you can do it.  guess.

December 2013 oh shit!! Mt Gox is insolvent!

January 2014 you know what? Mt Gox is going to be insolvent at the end of January

February 2014 - NEWS FLASH- Mt Gox is insolvent

February 28 - We regret to inform you that due to rumors, we are temporarily suspending deposits...

^ This is exactly how I think the whole China thing will go down, exactly the same as the Gox drama.

[p0peji]

huobi on the dump

Hope this time the price will finally plunge.

[JorgeStolfi]

What evidence do we have that bitcoins are being bought up off-exchange? Obviously Second Market.

SecondMarket is believed to have now ~96 kBTC. They bought ~10 kBTC in February, ~13 kBTC in March, and sold a net couple of hundred in April. (They just started allowing the first investors to liquidate.  They should have sold at least 3 kBTC this month, but then bought nearly as many as people apparently (re)invested.)
https://bitcointalk.org/index.php?topic=337486.0