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

[magicmexican]

I am just waiting till MtGox comes back and starts trading LTC

[niothor]

I am just waiting till MtGox comes back and starts trading LTC

I'll wait till they add dogecoin

[Todorius]

$375 here we come

love it

Because you're gonna buy tons of coins at 375?

Dumbasses gonna be dumbasses.

Screaming the price will go down so hard, but when it's there... they start screaming again when the price will drop even more.

Guess what, get your head out of your asses . You do not have the balls nor the fiat to buy BTC's, you can just admit it. All they have to spare is pennies which they are hoping for BTC will hit that. Pennies... LMFAO. Hobo's. Thats what they are. Missing the train... being sad. Jumped aboard the LTC train and kinda missed that aswell. Poor hobo's.

Hehehe, yes! I even would go as far as to make the following postulate:

The less bitcoins one has, the higher the likeliness that he keeps posting a lot of senseless crap posts.
A simple, yet maybe universal law.

[JorgeStolfi]

I suppose that the Chinese 3rd party payment processors were clearly overstepping the December bans when they allowed temselves to be used for recharging the "to-up cards" issued by the exchanges.  Also, the revenue they got from this service cannot have been a significant part of their revenue.  Hence their prompt response to the Caixin article and/or the PBoC circular.

On the other hand, the exchanges and banks apparently believed that the bank route did not violate the December decrees.  The amount of money in the exchanges' bank accounts (basically, the sum of all the exchanges' CNY client accounts) must have been quite substantial.  Also, most of the traders' deposits and withdrawals probably used the bank route, rather than 3rd party processors; especially the largest ones.  Both the static balance and the transfer fees must have meant a lot for the local branches.  So it is not surprising that the banks waited so long before telling the exchanges about the latest PBoC circular.

[Mervyn_Pumpkinhead]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

[magicmexican]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

Every word you say oozes "i am short, please dear God, dump". You should've atleast tried to appear someone neutral.

[raid_n]

I'm loving it. Rabid bears with foam around their mouths roaring about lower lows than even they could have imagined.

Personally I think this can go two ways. Either we breach a few mental resistance points such as 400 and 350 in which case we might really sink like the titanic as massive panic ensues after which an even longer bear market ensues.

Or we are inching towards the bottom with volume wanning as neither bulls nor bears feel comfortable trading only to explode upwards as things again pick up on momentum and everyone scrambles for "cheap coins"

[billyjoeallen]

I BEGGED you assholes to dump on the dead cat bounce and buy back when $400 was retested. You could have increased your BTC holdings without spending an extra dime.

YEAH.... right.. .NOW you are calling names and acting self-righteous...  You can really be a turd.. sometimes..  ... while you are shitting your pants a day ago... ..

This current situation was hardly very probable in the minds of many of us, as you know different people gave their probabilities, and you even succumbed to describing this scenario as a long shot.

I'm not being self-righteous. I'm mad and probably too emotional. It was such a senseless loss. I didn't gain a penny from this. I sold, but didn't margin short. The people who did margin short prevented the $400 Wall breach when they closed their short positions. The good decentral bankers of bitcoin. The rest of us paid them to do their job.

My outlook now is the same as last night. 50/50 chance of a $400 breech. Huobi is priced in more, but I still think there is too much hope that they will be able to find a replacement bank. The volume of the $400 support wall test was pretty much exactly what I expected, so there is no new information about whether or not it will hold.

This is Bitcoin. It will make you tough, it will make you smart, or it will make you broke.

[MinermanNC]

I'm loving it. Rabid bears with foam around their mouths roaring about lower lows than even they could have imagined.

Personally I think this can go two ways. Either we breach a few mental resistance points such as 400 and 350 in which case we might really sink like the titanic as massive panic ensues after which an even longer bear market ensues.

Or we are inching towards the bottom with volume wanning as neither bulls nor bears feel comfortable trading only to explode upwards as things again pick up on momentum and everyone scrambles for "cheap coins"

I see the latter

[Todorius]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

Every word you say oozes "i am short, please dear God, dump". You should've atleast tried to appear someone neutral.

This guy is a total troll, I would put him into the same category as Fonzie  
The ignore button, friend, can work wonders!

[magicmexican]

This is Bitcoin. It will make you tough, it will make you smart, or it will make you broke.

just 1 out of 3 for most people

[billyjoeallen]

Cup and handle. Here comes the bounce. Sell @ $420-430. 

[Mervyn_Pumpkinhead]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

Every word you say oozes "i am short, please dear God, dump". You should've atleast tried to appear someone neutral.

I sold already in December and I saw that the price will go down from that. Only thing that fools like you caused with your desperate pumping is it made the entire process longer. Meaning that it takes a lot longer then needed until solid bottom is reached and buying back makes any sense.

[rjp55]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

Every word you say oozes "i am short, please dear God, dump". You should've atleast tried to appear someone neutral.

I sold already in December and I saw that the price will go down from that. Only thing that fools like you caused with your desperate pumping is it made the entire process longer. Meaning that it takes a lot longer then needed until solid bottom is reached and buying back makes any sense.

In other words "everyone should sell until it hits the bottom I want. And then should sell some more when I want an even lower bottom. Then it is ok to pump the price and make me rich. "

[Mythul]

I really hope the $400 wall will hold !

[Cassius]

we haven't seen the end of this until China is out of the picture (16th or 18th at the latest).

This is only the fourth or fifth time that the C word has caused panic in the playground. What makes you think it will be the last?

Agreed that 'over' is a relative term where China is concerned.
However, there is a difference between something that 'might happen', and even something that is 'going to happen', and something that 'has happened'.
-> It's possible to trade when your banking relationship is going to be cut off. It's a whole lot harder when it actually has been. That brings a certainty that isn't around now.
The catch will be if the Chinese government let the ban slide for a while with some banks/exchanges, prolonging the misery.

[magicmexican]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

Every word you say oozes "i am short, please dear God, dump". You should've atleast tried to appear someone neutral.

I sold already in December and I saw that the price will go down from that. Only thing that fools like you caused with your desperate pumping is it made the entire process longer. Meaning that it takes a lot longer then needed until solid bottom is reached and buying back makes any sense.

Probably 19th of December then. If thats even true, hard to believe anything that some trash with 10 posts who suddenly comes here to reveal his "predictions he knows would come true" says. Typical position talker who is scared like shit that the price wont come to his target levels, yawn.

[Mervyn_Pumpkinhead]

The price is dropping more with less volume, meaning that people are pulling their bids. It shows that the price dropped 30$ in 4h with just 11.4k btc volume.
It now seems that when the critical point is reached and the grand finale of this downtrend begins, then the price will go lower then even I predicted. It may actually stay in double digits.
Still waiting for the grand finale, but sadly it probably won't happen soon. There are still some fools left who are buying up this dumping, and until they exist, we will only see gradual slow dumps.

Every word you say oozes "i am short, please dear God, dump". You should've atleast tried to appear someone neutral.

I sold already in December and I saw that the price will go down from that. Only thing that fools like you caused with your desperate pumping is it made the entire process longer. Meaning that it takes a lot longer then needed until solid bottom is reached and buying back makes any sense.

In other words "everyone should sell until it hits the bottom I want. And then should sell some more when I want an even lower bottom. Then it is ok to pump the price and make me rich. "

In other words "everyone should sell until there is a solid reason for BTC to rise or until the price is low enough that only those are left who are ready to go down with the ship".

Give me new markets in central- or south-America and I'm buying. If that's not happening, then let the price drop until there is no room to drop and I'm buying. Otherwise look for someone else, that is stupid enough to buy into this slow decay.
It's frustrating to see the stupidity here on how people are not able to realize the nature of markets or trading. They don't have a clue about efficient market theory or about the relation between supply and demand. Only thing that they have is blind faith for drawing lines on TA charts, that doesn't actually mean anything.

[Davyd05]

can we stop quoting obvious position taker trolls?

In others news people do whatever they want to do.

[octaft]

can we stop quoting obvious position taker trolls?

It's going to be really tough banning all quotes from the thread.