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

[adamstgBit]

this really sucks....

anyone panicked?

[billyjoeallen]

You guys don't seem to understand the basic function of day trading. Your job is to punish volatility. You make several bets and most of them lose. You loose 1%, lose 1%, lose 1%, make 5%. Like playing poker. Unsuccessful day traders do the opposite. In a down trend, you bank your profits in fiat. In an up trend, you bank your profits in BTC.

Calling the bottom or top is something you do after the fact.

I've paid a lot of money to learn these simple truths. A wise person would learn from my mistakes.

[dreamspark]

[snip]

In all fairness though its not TA thats bringing the price down is it, its the uncertainty over China and the gox hangover and that is all. Pure and Simple.

[jonoiv]

Where do you find the time to react all the time fonzie? You got 1700 posts since you registered, and none of them shows any intelligence. You really should find some friends or do something productive with your time kid. It's ok to be a bear, but don't annoy the wrong people.  

Ok, thanks for your consideration. Who exactly are the wrong people, is this a threat?

You warned them!   now they want a scape goat.  seems strange to shoot the messenger, but some people still don't get it.  They're simpletons that you shouldn't rise to.

[dreamspark]

Dumpy time... Retest of $400 incoming.

[adamstgBit]

price crashing....

[adamstgBit]

ah this really sucks

[p4n]

Sell 712.958btc 16:29:35 402.5$
Buy 287.041btc 16:29:28 408.66$
Buy 107.632btc 16:29:24 410.2$

Srsly, WTF.

[Davyd05]

Sell 712.958btc 16:29:35 402.5$
Buy 287.041btc 16:29:28 408.66$
Buy 107.632btc 16:29:24 410.2$

Srsly, WTF.

1k at 402 on the buy.. someone wants this to the be a strong bottom

[oda.krell]

Another ~40k$ saying we're going below 400.

We need an equivalent to the "new ATH" meme pictures... wait I have an idea....

[ShroomsKit]

This is ridiculous. This isn't panic selling. This is trying to take Bitcoin down. Will it ever stop? Who are these people? Hasn't it been enough already?

[Davyd05]

Another ~40k$ saying we're going below 400.

We need an equivalent to the "new ATH" meme pictures... wait I have an idea....

so the 400k that bought btc @ $402 means what?

[Mervyn_Pumpkinhead]

[ ... ] People who have gotten rich with all kinds of shady shenanigans. And the best food for BTC growth would be someone who has money, but whose only knowledge about finance are youtube videos telling about banksters and their alien overlords of reptilian race. [ ... ]  I'm not lying to myself about bitcoin, it's not about liberty, freedom and saving the world. Bitcoin growth has the most potential where there is the most crime, corruption and dumb money.

Well, I appreciate your frankness, at least.

However, when bitcoin is sold as a hedge against inflation, as a get-rich-quick scheme, or whatever, it ends up being bought by many people who are not rich, criminals, or corrupt politicians: just ordinary people who hope to get a little better life, and do not know enough economics to see through the bitcoiners' hype.  Many of them are induced to put all their savings, sell their houses and make debts by the promises of bitcoiners whose goal is, essentially, to take their money.

Sorry, but that moral excuse does not work. 

The simple folks who want in, want in also because of greed and because of promises of getting rich without doing any work. These simple folks will mostly be the ones who ferociously attack you or anyone else that shows criticism towards bitcoin. So, if those people are victims, then they are victims of their own greed and stupidity.
Anyway, it's not up to me, I'm not running this game, I'm just playing it. It could be possible that marketing in those regions will fail and they will remain untouched, because we certainly aren't seeing any development right now. Everyone are too busy worrying about China, and running around aimlessly, hoping that the price will rise just because they hope really-really hard for it to rise.

[magicmexican]

I could see below 400$, but obviously we need a link to some Chinese article or a screenshot first

[Davyd05]

This is ridiculous. This isn't panic selling. This is trying to take Bitcoin down. Will it ever stop? Who are these people? Hasn't it been enough already?

why would you want a hard dead cat bounce, let it grind. If it penetrates 400 buy some more if it eases your mind

[oda.krell]

Another ~40k$ saying we're going below 400.

We need an equivalent to the "new ATH" meme pictures... wait I have an idea....

so the 400k that bought btc @ $402 means what?

changing market sentiment? short-to-midterm downtrend?

don't argue with the market. I know I don't, not on the way up, not on the way down.

[porcupine87]

Another ~40k$ saying we're going below 400.

We need an equivalent to the "new ATH" meme pictures... wait I have an idea....

so the 400k that bought btc @ $402 means what?

It means that a buyer needs a seller and the buyer thinks the price will rise and the seller thinks it will fall (or he needs the cash).

[Davyd05]

Another ~40k$ saying we're going below 400.

We need an equivalent to the "new ATH" meme pictures... wait I have an idea....

so the 400k that bought btc @ $402 means what?

It means that a buyer needs a seller and the buyer thinks the price will rise and the seller thinks it will fall (or he needs the cash).

it was rhetorical cause he alluded to 40k pointing us downward.

[p0peji]

As soon as there is some volume on Huobi we are going down, if that isnt bearish I dont know what is. 

[chromosoma]

I am sorry, but BTC will not survive this night.
Lets remember the good moments we had together...