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

[ampere9765]

Unexpected events unfold the same during panic selling. I bought at 475 the last time unexpected news crashed the market. now I have the same signal. Five waves have unfolded and I am expecting a rally to cerca 2500. should consolidate for hours If I am correct.

Yeah but then we went to 416. Before bouncing and falling to current levels.

[MinermanNC]

This all reminds me of a hurricane, everyone knows its coming but not sure how much they should prepare for it, and whether or not they should stay or leave, until its on them and to late   Then your simply trapped and ride it out and hope for the best" then the sun comes back out, you clean up the mess and move on again until next time..... such is bitcoin

Yep, trick part is u don't know if u gonna lose ur house or not

Very true, much less your ass lol
EDIT: I'm sure many in here are loosing there asses right about now....

[hdbuck]

WHO THE HELL IS STILL SELLING??!!!!

[billyjoeallen]

Mining is no big deal issue. Half of all miners loose money. The difficulty will simply drop.  It's happened before.

No! Why should the hashrate drop? Because they want to lose even more money?

Successful miners mine at a loss 90% of the time. That last 10% of the time, they make 20X% profits.  That's the way it works. It's the long game. The smart ones lock in operating expenses for years or donate to the Cause knowingly. The WANT difficulty to rise to the point that only they can continue to mine at all, much less mine profitably. Then they have cornered the market. It's not different incentive-wise to me wanting to die with the most coins.

[chessnut]

Unexpected events unfold the same during panic selling. I bought at 475 the last time unexpected news crashed the market. now I have the same signal. Five waves have unfolded and I am expecting a rally to cerca 2500. should consolidate for hours If I am correct.

Yeah but then we went to 416. Before bouncing and falling to current levels.

It marked the beginning of a consolidation, that took us up to 530 on BFX. thats a $70 reaction. I am a day trader, I never promised a bottom. I made good money from that move. note I never promised a bottom in this post either.

[TeeBone]

WHO THE HELL IS STILL SELLING??!!!!

Everybody.

Didnt get the memo ?

[David M]

I'm a buyer at $345 on stamp.

[ParabellumLite]

WHO THE HELL IS STILL SELLING??!!!!

1) Supporters that have lost all faith in Bitcoin and don't want to catch the falling knifes anymore;
2) Miners, that want to get rid of their accumulated coins;
3) Whales that are trying to manipulate the price downwards;
4) Mt. Gox hackers.

[seleme]

Hm....

Barry Silbert ‏@barrysilbert

Big milestone today for Bitcoin Investment Trust -- now holds over 100,000 bitcoin http://www.bitcointrust.co/  cc @BitcoinTrust

[Davyd05]

ATH of 259.43 and low following the reversal is 45 which gave us 17% of the value of the ATH

ATH of 1163.0 and my estimated low following the reversal of 339.41 gives us 29% of the ATH

ATH 1163.0 and my estimated Holy shit the world gives 17% identical to the last bubble pop we hit 197.71

Just something to think of when people keep spewing dbl digits by so so date

[porcupine87]

BOOOOM

[MinermanNC]

Mining is no big deal issue. Half of all miners loose money. The difficulty will simply drop.  It's happened before.

No! Why should the hashrate drop? Because they want to lose even more money?

Successful miners mine at a loss 90% of the time. That last 10% of the time, they make 20X% profits.  That's the way it works. It's the long game. The smart ones lock in operating expenses for years or donate to the Cause knowingly. The WANT difficulty to rise to the point that only they can continue to mine at all, much less mine profitably. Then they have cornered the market. It's not different incentive-wise to me wanting to die with the most coins.

For me its all about breakeven and cost of doing business (mining) and staying in the black each month. Which even in all this, I am. But my stash is taking a hard hit

[chromosoma]

WHO THE HELL IS STILL SELLING??!!!!

I would rather ask :"Who the hell is buying?"
The BTC looks hopeless. It is over.  

[ampere9765]

Hm....

Barry Silbert ‏@barrysilbert

Big milestone today for Bitcoin Investment Trust -- now holds over 100,000 bitcoin http://www.bitcointrust.co/  cc @BitcoinTrust

[mmitech]

ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl... 

[Bachiano]

long time lurker.
first post here ever.
starting to enjoy the panic :-)

[Davyd05]

ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl... 

why would you hedge in to an altcoin with sidechain discussion mounting during a crash?

[Jeezy911]

[bobdude17]

ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl... 

Sidechains don't worry you at all?

[seleme]

ok I achieved my desired position, this is my biggest Litecoin stash of coins I ever had, now it is holding time, now that Greek physic teacher can yell at me and tell me hodl... 

It's falling more slowly than btc in last hour or two.