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

[thefunkybits]

Possible inverted head and shoulders forming on the stamp 15 minute 1 Hour chart.

FTFY

[fonzie]

1WEEK (E)/MA BROKEN


DOWNFALL CONFIRMED

Vulture of death still in progress. About to spit blood soonish!

[fonzie]

Who´s gonna jump first?

[adamstgBit]

[pjviitas]

If you acted like a responsible person you wouldnt invest more than you felt comfortable loosing in a ultra high risk venture. That said, all the drama with sunk cost and market testing FUD wouldnt be so hard on you, you could just sit back and take a sneak peak once a week/month.
Another thing too, I dont take any advice from users with begging addresses, and I suggest the same to others

Dude stop taking it so personally when people think the price might go down

It's so painful watching you guys squirm

Im not taking it personally because i got no btc, im waiting to buy, but it gets on my nerve when people talk like they know shit for certain, and as a rule that kind of people always say its going down, so you got the impression that I have a problem with the price movement.

I am certain it is going up...now what?

[Adrian-x]

Who´s gonna jump first?

If the weather changes I’ll go inside, but I’m waiting for erosion to wash away my good view. 

[ChartBuddy]

Explanation

[YogoH]

Since I am a long term holder, I only check the bitcoin price every 6 months or so. Last time I checked the price it was 80 dollars, now its 450.  I wonder what it will look like next time I check.

[adamstgBit]

all signs point to bitcoin or something like it completely taking over all money in a matter of YEARS

bears are ridiculous / delusional

[JorgeStolfi]

This Chinese article apparently tells the story of the bungled entry of Huobi in the Litecoin market, when the price fell from 100 yan to 1 yuan.  Unfortunately I cannot make much sense of Google Translate's output.

  莱特币玩家集体遭遇爆仓 火币网被疑坐庄
  http://www.nbd.com.cn/articles/2014-04-10/824628.html

("Wright" is actually "Lite" but the rest I cannot decipher...)

[TeeBone]

Since I am a long term holder, I only check the bitcoin price every 6 months or so. Last time I checked the price it was 80 dollars, now its 450.  I wonder what it will look like next time I check.

During that time, you missed a grand opportunity to triple your coins. Snooze, you lose.

[fonzie]

Thursday will be DUMPsday once again.

[ChartBuddy]

Explanation

[JayJuanGee]

Thursday will be DUMPsday once again.

I dunno...   We got a $10 decrease in the last 15 hours .. but then price currently floating, largely between upper $430s and lower $440s...   

Doesnt necessarily mean that the price will continue to go down..

Maybe lucky to get into the mid-$420s before Sunday.. then when Sunday comes, maybe will be the question about whether we would start a slow  BTC price uptick from there? 

May be a good week to take off from BTC, although I am still considering buying some on Saturday?

[shmadz]

http://letstalkbitcoin.com/e99-sidechain-innovation/

I'd like to know what you all think about these side-chains. I apologize if this has been beaten to death already, but it's tough to keep up with this thread.

The way I understand this it kinda makes sense. you would just have alt-coins be side-chains instead. you simply cannot compete with the bitcoin blockchain. you can try to merge litecoin and doge all you want, but it's never going to approach the security level of bitcoin.

side-chains open the door for scalability without dilution of value.

I fear for those poor bears at times like these.



It may take many months, but it's coming...


(*edit*) very cool that it's episode 99 -- (99 = Gretzky = the greatest hockey player of all time, and it's not even close)  

[YogoH]

Since I am a long term holder, I only check the bitcoin price every 6 months or so. Last time I checked the price it was 80 dollars, now its 450.  I wonder what it will look like next time I check.

During that time, you missed a grand opportunity to triple your coins. Snooze, you lose.

Or a great opportunity to lose most your coins.  Day trading is great for some but I don't have the time or energy. I prefer to make money by working at my job and instead of spending that time trading.  Bitcoin is a big enough gamble the way it is.

[JorgeStolfi]

To the Conspiracy Theoreticians out there: could this be the reason for the fall in bitcoin's price?

http://www.psmag.com/navigation/business-economics/irss-taxation-ruling-means-bitcoin-digital-currencies-78588/

Capital losses can also be reported on tax filings. So if you bought Bitcoin at its height of $1,000 and sold it after it decreased in value, that loss is deductible. Up to $3,000 in losses can be taken off other forms of income. (Those losses might be more relevant during this year’s tax due date in 2015; Bitcoin’s value has now fallen to around $450.)

[podyx]

[byronbb]

Seems like a dump waiting to happen. I could see a spike below $400 but hopefully it would only be a bear trap to fleece panic sellers.

[jonoiv]