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

[JayJuanGee]

Did i already mention how tired i am of these people dumping and trying to take the price down?

No , I think you actually never mentioned it. For all I remember you were enjoying this and telling people that if they haven't dump they should follow the herd and empty they wallets joining the dumping fiesta.

Dont forget the part about all traders are idiots.

[ChartBuddy]

Explanation

[Syke]

With only 37 millions transactions in the blockchain and with the number of daily one being constant from may last year between the 50-70k range...
I doubt there are that many bitcoin users or HODLERS.

Assuming 1 million users, at 70k transactions per day, that means the average bitcoin user makes 2 transactions per month. That seems plausible.

[rpietila]

Probably then and only then we will find out the real price people are willing to pay for btc.

For the vast majority of mankind, it is more important to know the price someone is willing to sell btc. And that is about $500 today.

[Nightowlace]

I think we are going to break out of this in a massive downtrend.

keep in mind I am always wrong when it comes to this and this is just a sad attempt to get the bitcoin powers that be to prove me wrong again [\size]

[sickpig]

I think we are going to break out of this in a massive downtrend.

keep in mind I am always wrong when it comes to this and this is just a sad attempt to get the bitcoin powers that be to prove me wrong again [\size]

wow you're even better of Lavabit's Ladar Levison  who gave to the fed his server SSL keys printed on 11 pages using a 4pt font

[silverfuture]

I think we are going to break out of this in a massive downtrend.

keep in mind I am always wrong when it comes to this and this is just a sad attempt to get the bitcoin powers that be to prove me wrong again [\size]

Yup, I see 494, maybe 493 on bitstamp's horizon.

[Post-Cosmic]

Any candlestick TA experts? This is bitstamp Y10 chart. What are your predictions?

I think BTC/USD will be 1/2000$ In 2014

 The price of 1 Bitcoin on April 22nd 2014 A.D. is already over $2000 since I happen to have some BTC & will not sell at under $2500 per 

[chromosoma]

So many optimists here:)

Here you go. The reality: BTC is constantly falling.

[frienemy]

So many optimists here:)

Here you go. The reality: BTC is constantly falling.

Constantly falling since 2009?

[ChartBuddy]

Explanation

[wachtwoord]

Any candlestick TA experts? This is bitstamp Y10 chart. What are your predictions?

Haha   So bullish!

[conspirosphere.tk]

Any candlestick TA experts? This is bitstamp Y10 chart. What are your predictions?

it seems an hiccup. they use to repeat quite some times.

[Erdogan]

This concept loses its meaning in forex.  

Yes and no. If you have ways of using the foreign currency, you do not have to "cash it out" but if you need to turn it back into your local currency, then it is just like cashing it out. Having inherited pounds but living in a dollar world, that is my life. Of course, from time to time if I go on vacation, I get to spend some pounds.

We are working to remove the "local" aspect of money. It is not needed.

[ChartBuddy]

Explanation

[JayJuanGee]

I think we are going to break out of this in a massive downtrend.

keep in mind I am always wrong when it comes to this and this is just a sad attempt to get the bitcoin powers that be to prove me wrong again [\size]

Yup, I see 494, maybe 493 on bitstamp's horizon.

AND       . ... we may go as low as $490       OM   F'n  G    !!!!!!!

[bigdave]

What I wouldn't give for a pump and dump just so we can see some action.

[octaft]

I think we are going to break out of this in a massive downtrend.

keep in mind I am always wrong when it comes to this and this is just a sad attempt to get the bitcoin powers that be to prove me wrong again [\size]

Personally I prefer Color=#E0EEEE

Hint: Highlight

[dropt]

What I wouldn't give for a pump and dump just so we can see some action.

Have you not been watching for the last couple of weeks?

[windjc]

Look, this is simple. Without fresh fiat we will go down because we can't go up without it and we can't go sideways forever. Without fresh fiat it's a confidence issue. The market really wanted to believe this was the rally, that this was the reversal. But that confidence and wanting is eroding everyday we don't get follow through. With enough eroding the market will start to look for news, any news, that will justify it going down.

Of course on the bulls side, it's a confidence game too. Bull markets need a positive feedback loop that brings fiat into the market. But at this point it's needs the fiat to get things going. It's like the chicken egg scenario.

So most likely we are still bear.