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

[ChartBuddy]

Explanation

[boumalo]

we have a little bit of buying to do today to get us back to the $500 levels..

Why bother. Someone will dump to make sure we go down again. It happened like 5 times now. You'd be crazy to buy at this point.

Crazy to buy at $500?  Many people bought higher than this.  I bought some higher than this.  I think it is crazy not to buy when considering where Bitcoin will be later this year or even this month!  Also, there have been times where it seems like Bitcoin is going nowhere then shoots up to a new ATH within just a few weeks. 

Calm down. I'm talking about this specific moment. As soon as we go up either someone starts dumping or Chinese fud appears. I would wait this out if i was a trader or i guess a long term buyer. We can easily go to 450 or lower again. If we break 520ish without someone stopping it i'd say it's buying time.
The current situation is pure manipulation by a small group of people if you'd ask me.

I am guessing that group is getting tapped out pretty soon. This has been going on for 2 weeks. I'm sure those idiots will be out of coins soon enough.

Not if they keep buying back the cheaper coins
and repeating the process

You would think some of them lose money sometimes and it will stop at some point because they will not be enough sellers and the market will move on them

[Richy_T]

we have a little bit of buying to do today to get us back to the $500 levels..

Why bother. Someone will dump to make sure we go down again. It happened like 5 times now. You'd be crazy to buy at this point.

How are the diodes down your left side?

[ChartBuddy]

Explanation

[BitChick]

we have a little bit of buying to do today to get us back to the $500 levels..

Why bother. Someone will dump to make sure we go down again. It happened like 5 times now. You'd be crazy to buy at this point.

Crazy to buy at $500?  Many people bought higher than this.  I bought some higher than this.  I think it is crazy not to buy when considering where Bitcoin will be later this year or even this month!  Also, there have been times where it seems like Bitcoin is going nowhere then shoots up to a new ATH within just a few weeks. 

Calm down. I'm talking about this specific moment. As soon as we go up either someone starts dumping or Chinese fud appears. I would wait this out if i was a trader or i guess a long term buyer. We can easily go to 450 or lower again. If we break 520ish without someone stopping it i'd say it's buying time.
The current situation is pure manipulation by a small group of people if you'd ask me.

Sorry. I guess I am just getting tired of the bearishness.    I guess if someone wants to save a few bucks perhaps they can wait to buy but really now is a great time to buy in general.  I think it could shoot up at any point.  Bitcoin is known to do that.

[billyjoeallen]

I'm wondering why the $15-$18 price differential between Stamp and BTC-e. I am guessing the Russians have a better understanding of the China situation than The West has.

I'm sick of the bear market too, but I doubt it's over just because I want it to be.

[wachtwoord]

Interesting article about bitcoin from Jim rickards

http://www.darientimes.com/30773/rickards-bitcoin-meets-the-taxman/

He wants to peg BTC and gold prices ...

[ShroomsKit]

we have a little bit of buying to do today to get us back to the $500 levels..

Why bother. Someone will dump to make sure we go down again. It happened like 5 times now. You'd be crazy to buy at this point.

Crazy to buy at $500?  Many people bought higher than this.  I bought some higher than this.  I think it is crazy not to buy when considering where Bitcoin will be later this year or even this month!  Also, there have been times where it seems like Bitcoin is going nowhere then shoots up to a new ATH within just a few weeks. 

Calm down. I'm talking about this specific moment. As soon as we go up either someone starts dumping or Chinese fud appears. I would wait this out if i was a trader or i guess a long term buyer. We can easily go to 450 or lower again. If we break 520ish without someone stopping it i'd say it's buying time.
The current situation is pure manipulation by a small group of people if you'd ask me.

Sorry. I guess I am just getting tired of the bearishness.    I guess if someone wants to save a few bucks perhaps they can wait to buy but really now is a great time to buy in general.  I think it could shoot up at any point.  Bitcoin is known to do that.

I too think it will go up after this China bs is over.

[ChartBuddy]

Explanation

[lynn_402]

I too think it will go up after this China bs is over.

Honestly, I don't believe it ever will be. I thought April 15 would be the end of it - two days later, another ambiguous ban.
The market will just have to move on and start treating them like the irrelevant bully they are; a lot of buying from western individuals who are not in this as speculators looking for short-term profit is the only thing that will pull us up, imo.

[billyjoeallen]

Interesting article about bitcoin from Jim rickards

http://www.darientimes.com/30773/rickards-bitcoin-meets-the-taxman/

Fatal flaw:

One solution to the bitcoin volatility problem is to link bitcoin to gold at a fixed rate. This would require consensus in the bitcoin community and a sponsor willing to make a market in physical gold at the agreed value in bitcoin. This kind of gold-backed bitcoin might even give the dollar a run for its money as a reserve currency, especially if it were supported by gold powers such as Russia and China who are looking for ways out of the current system of dollar hegemon

Price fixing gold or bitcoin is a terrible idea. It would lead to surpluses or shortages. The value of gold relative to bitcoin is not only unknown but unknowable.

[Post-Cosmic]

I'm wondering why the $15-$18 price differential between Stamp and BTC-e. I am guessing the Russians have a better understanding of the China situation than The West has.

I'm sick of the bear market too, but I doubt it's over just because I want it to be.

 BTCe is a ghetto 'sideline/secondary option' exchange & the prices reflect it (their website's GUI looks pretty uninviting as well =/) - guess people dump harder on there to be on the safe side from near-anonymous owners.

 Folks here'd do well to be aware that these manipulators have enough resources & income to keep this rodeo going on for months if not years.. One doesn't handle this intelligently by 'waiting it out' & relying on 'hope' ; Keeping at least a small portion of your stash into a trading acct to buy around high 300's & 200's, and sell around 500's & 600's, is how one keeps making some very respectable, safe profit month after month, increasing total crypto net worth over time while using this activity churn as a psychological bulwark to responsibly handling the loooong potential wait before next ATH w/o depression or panic.

[BitChick]

I too think it will go up after this China bs is over.

Honestly, I don't believe it ever will be. I thought April 15 would be the end of it - two days later, another ambiguous ban.
The market will just have to move on and start treating them like the irrelevant bully they are; a lot of buying from western individuals who are not in this as speculators looking for short-term profit is the only thing that will pull us up, imo.

It got to the point where we started to ignore Gox.  Maybe we can start ignoring China too? I can hope at least.

[ShroomsKit]

I'm wondering why the $15-$18 price differential between Stamp and BTC-e. I am guessing the Russians have a better understanding of the China situation than The West has.

I'm sick of the bear market too, but I doubt it's over just because I want it to be.

 BTCe is a ghetto 'sideline/secondary option' exchange & the prices reflect it (their website's GUI looks pretty uninviting as well =/) - guess people dump harder on there to be on the safe side from near-anonymous owners.

 Folks here'd do well to be aware that these manipulators have enough resources & income to keep this rodeo going on for months if not years.. One doesn't handle this intelligently by 'waiting it out' & relying on 'hope' ; Keeping at least a small portion of your stash into a trading acct to buy around high 300's & 200's, and sell around 500's & 600's, is how one keeps making some very respectable, safe profit month after month, increasing total crypto net worth over time while using this activity churn as a psychological bulwark to responsibly handling the loooong potential wait before next ATH w/o depression or panic.

Suggesting people should trade during this China thing is the worst advise you can give. Out of 10 people who take your advise at least 8 will lose their money.

[madian]

Actually some people pay tax on their gains on BTC , interesting
Sometimes is indeed nice to live in a messed up country , just like mine. (And still be part of the EU).

Bulgaria?

Romania . But you were very close.

The two additions to the EU I could not for the light of me comprehend

From my point of view , the people who allowed .ro to join the EU were pretty stupid , with a lot of bone in their heads.
But , it's too late for that .

Still if you want a heaven for bitcoin taxation and you can live with the dogs,holes,whores, and so on ..romania is for you

Thanks for the information but what's tax haven about it? According to http://www.ey.com/GL/en/Services/Tax/The-worldwide-personal-tax-guide---XMLQS?preview&XmlUrl=/ec1mages/taxguides/TGE-2013/TGE-RO.xml there is a 16% capital gains tax.

Because in real life nobody is paying anything.
I've been working for freelance and GAF for years , I've done a lot of affiliate programs and I sold a few bitcoins also but I haven't payed a single penny.
And so did a lot of my friends who were involved in website promotions and affiliate programs (adbrite adwords etc).

And to this date nobody bothered to look into this.
Keep your bank transactions low , don't exceed 1000$/time or 10000$ a year with the same bank and nobody will check it out.

And if you dare to pay... you're in a world of pain as a lot of the guys at the tax office don't have a clue about those kind of earnings.
Two years  ago i tried to get 'legal" and to declare all my income. I spent days after days waiting in queues sometimes for hours and speaking with idiots who had no clue until.. I go fed up with it.

I can't even imagine going there are asking about taxation on BTC , they will probably throw me out thinking i'm joking

And of course, an idiot is all it takes to ruin a country's image. Congratulations Niothor, you are alot better than all the whores and the dogs and the holes (btw, where the F. do you live? I have never been able to find all three 'cataclysms' together) at discrediting Romania. It's always the same, the bad deeds of one overwrite the good of many. Please go back to troll the Bitleu forum or continue washing some spanish or italian toilet, Romania is obviously too classy for you.

[keithers]

we have a little bit of buying to do today to get us back to the $500 levels..

Why bother. Someone will dump to make sure we go down again. It happened like 5 times now. You'd be crazy to buy at this point.

Crazy to buy at $500?  Many people bought higher than this.  I bought some higher than this.  I think it is crazy not to buy when considering where Bitcoin will be later this year or even this month!  Also, there have been times where it seems like Bitcoin is going nowhere then shoots up to a new ATH within just a few weeks. 

Calm down. I'm talking about this specific moment. As soon as we go up either someone starts dumping or Chinese fud appears. I would wait this out if i was a trader or i guess a long term buyer. We can easily go to 450 or lower again. If we break 520ish without someone stopping it i'd say it's buying time.
The current situation is pure manipulation by a small group of people if you'd ask me.

Sorry. I guess I am just getting tired of the bearishness.    I guess if someone wants to save a few bucks perhaps they can wait to buy but really now is a great time to buy in general.  I think it could shoot up at any point.  Bitcoin is known to do that.

I too think it will go up after this China bs is over.

I bought a decent amount when it was much, much lower than current prices...but I also bought a fairly large amount when it was higher.   If I dollar cost averaged my entire holdings, I would probably be a little in the red based on current prices.   Believe it or not, it is LTC that is keeping me profitable at the moment

[ShroomsKit]

we have a little bit of buying to do today to get us back to the $500 levels..

Why bother. Someone will dump to make sure we go down again. It happened like 5 times now. You'd be crazy to buy at this point.

Crazy to buy at $500?  Many people bought higher than this.  I bought some higher than this.  I think it is crazy not to buy when considering where Bitcoin will be later this year or even this month!  Also, there have been times where it seems like Bitcoin is going nowhere then shoots up to a new ATH within just a few weeks. 

Calm down. I'm talking about this specific moment. As soon as we go up either someone starts dumping or Chinese fud appears. I would wait this out if i was a trader or i guess a long term buyer. We can easily go to 450 or lower again. If we break 520ish without someone stopping it i'd say it's buying time.
The current situation is pure manipulation by a small group of people if you'd ask me.

Sorry. I guess I am just getting tired of the bearishness.    I guess if someone wants to save a few bucks perhaps they can wait to buy but really now is a great time to buy in general.  I think it could shoot up at any point.  Bitcoin is known to do that.

I too think it will go up after this China bs is over.

I bought a decent amount when it was much, much lower than current prices...but I also bought a fairly large amount when it was higher.   If I dollar cost averaged my entire holdings, I would probably be a little in the red based on current prices.   Believe it or not, it is LTC that is keeping me profitable at the moment

By trading ltc you mean?

[QuestionAuthority]

If you bought Bitcoin a year ago would you have made a profit or not? How about a year before that? I guess the thing to do is buy as much as you can afford right now and come back next year to tell the story of your great success.

[ChartBuddy]

Explanation

[billyjoeallen]

I'm wondering why the $15-$18 price differential between Stamp and BTC-e. I am guessing the Russians have a better understanding of the China situation than The West has.

I'm sick of the bear market too, but I doubt it's over just because I want it to be.

 BTCe is a ghetto 'sideline/secondary option' exchange & the prices reflect it (their website's GUI looks pretty uninviting as well =/) - guess people dump harder on there to be on the safe side from near-anonymous owners.

 Folks here'd do well to be aware that these manipulators have enough resources & income to keep this rodeo going on for months if not years.. One doesn't handle this intelligently by 'waiting it out' & relying on 'hope' ; Keeping at least a small portion of your stash into a trading acct to buy around high 300's & 200's, and sell around 500's & 600's, is how one keeps making some very respectable, safe profit month after month, increasing total crypto net worth over time while using this activity churn as a psychological bulwark to responsibly handling the loooong potential wait before next ATH w/o depression or panic.

Suggesting people should trade during this China thing is the worst advise you can give. Out of 10 people who take your advise at least 8 will lose their money.

It might be possible to guess what the manipulators are doing and piggy-back on their manipulation, but it would be dangerous.