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

[roslinpl]

I want to see bitcoin under 400 mark  till the end of this day.!

So sorry if you want cheap coin your time is over a few days ago.  :-) I predict price will stay above 400 till tomorrow and then we will remind October :-)

Lets just forget abou the 2h MACD predicting a massive dump multiple times in a row, what makes you think we will go up?

Just a feeling. we have a weekend before 15th ... people made already some panic during a week when China was dumping.

Now everything seems to be going back to normal tracks, as I see a ++ for a hashrate and I just feel that next week we will get easly +100$.

[jonoiv]

According to my calculations, we're not going lower then $410

Have I miscalculated

No. Keep calculating.  It holds the price up.


buying helps too

Good calculations boys.   Next time use some real stats not fabrication Analysis and wishfullnessematics.

[merkin51]

Volume is incredibly low.  

I just encountered BlackCoin and I think it's a very interesting pump concept.  The coin switched from PoW to PoS.  Now the only way to mine it is indirectly, and to facilitate that, there is a multipool, bcmultipool.com, which mines scrypt alts, dumps for BTC, and buys BC with BTC.  It then pays out in BC.

The effect is that every 20-60 minutes there is a market order for BC.  The BC bid keeps going up.  Also, whatever scrypt is leading the return on difficulty gets dumped.   If enough miners decide to take payouts in BC in this way, BC would then drain the marketcap of all the scrypt coins.

I like this idea, because I think its good for BTC.  It's a layered market, and it reduces the fog of uncertainty regarding competitors by dumping and crushing the value of a large number of trash coins.  Not sure if it is actually an improvement over just switch-mining with BTC payout, though.  I might be.

But surely the fact that the last stage of Blackcoin mining is dumping the BTC, makes it not good for BTC? You get a big BTC dump whenever the blackcoin pools pay out. The more popular blackcoin gets, the bigger the hash, the more alt > btc mined, the bigger the BTC dumps. The value of blackcoin keeps rising, so few are buying straight back in to btc when they get paid. So the net result is more bitcoin getting dumped at current buy order.

I'm mining on blackcoinpool.com with 4.2MH and getting about 0.0034 btc worth or blackcoin a day, which is twice what I've been getting of pure btc on multipools. I also bought 10,000 blackcoin at 9000 satoshi, it's now at 30,000+ :/ I'm very wary of altcoins, but this has been incredible so far.

[p0peji]

I want to see bitcoin under 400 mark  till the end of this day.!

So sorry if you want cheap coin your time is over a few days ago.  :-) I predict price will stay above 400 till tomorrow and then we will remind October :-)

Lets just forget abou the 2h MACD predicting a massive dump multiple times in a row, what makes you think we will go up?

Just a feeling. we have a weekend before 15th ... people made already some panic during a week when China was dumping.

Now everything seems to be going back to normal tracks, as I see a ++ for a hashrate and I just feel that next week we will get easly +100$.

First we will have a big dump before 12pm Chinese time.

[igorr]

Bitcoin = Dumpcoin 

[p0peji]

The big question now is "Will we see below 340$ on the incoming dump?"

[igorr]

lol, Bistamp crash again 

[roslinpl]

I want to see bitcoin under 400 mark  till the end of this day.!

So sorry if you want cheap coin your time is over a few days ago.  :-) I predict price will stay above 400 till tomorrow and then we will remind October :-)

Lets just forget abou the 2h MACD predicting a massive dump multiple times in a row, what makes you think we will go up?

Just a feeling. we have a weekend before 15th ... people made already some panic during a week when China was dumping.

Now everything seems to be going back to normal tracks, as I see a ++ for a hashrate and I just feel that next week we will get easly +100$.

First we will have a big dump before 12pm Chinese time.

I don't really think so but time will show

[igorr]

wow, hard crash

[p0peji]

I want to see bitcoin under 400 mark  till the end of this day.!

So sorry if you want cheap coin your time is over a few days ago.  :-) I predict price will stay above 400 till tomorrow and then we will remind October :-)

Lets just forget abou the 2h MACD predicting a massive dump multiple times in a row, what makes you think we will go up?

Just a feeling. we have a weekend before 15th ... people made already some panic during a week when China was dumping.

Now everything seems to be going back to normal tracks, as I see a ++ for a hashrate and I just feel that next week we will get easly +100$.

First we will have a big dump before 12pm Chinese time.

I don't really think so but time will show

All I can say that it is not looking good atm. Just wait for some buy walls to be pulled and down we go again.

[jonoiv]

lol, Bistamp crash again 

You are such a troll

But i agree, it's bear city now.  I doubt $340 will hold.

[minerpumpkin]

Really some meltdown on stamp...

[spooderman]

That's a dig ol' bump!

https://www.youtube.com/watch?v=1XmwiwQjU8E

[igorr]

lol, Bistamp crash again 

You are such a troll

But i agree, it's bear city now.  I doubt $340 will hold.

View Screen Capture

[ChartBuddy]

Explanation

[p0peji]

I am also wondering if this time there will be the same buy support or that people will be more reluctant to buy in again, I think the latter will be true.

[jonoiv]

lol, Bistamp crash again 

You are such a troll

But i agree, it's bear city now.  I doubt $340 will hold.

View Screen Capture

where do you think the bottom is? 

[Davyd05]

Imma go out there on a really thin limb and say bear trap

[wachtwoord]

where do you think the bottom is? 

The $0 bottom seems to be quite secure and rarely tested 

[kooke]

where do you think the bottom is? 

Probably around the same level as last time; $330 - $350