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

[calmindifference]

Trying to find some positive news to counter this, but there is none. The only positive spin is that china uncertainty may soon be over, but how far will btc fall until then. Bear in mind now this lack of clarity must be deterring to new investment money. Conclusion is it will get worse before it gets better

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[mah87]

And they are still pretending it's running....

[cAPSLOCK]

We will stabalize @ 447-502 for a shot time (hours) before dropping quickly to ~ 408 where serious resistance will be met.

Is this a fact?

Not yet.  It is an opinion based on analysis.  

So far it's close to on target.  After an attempt at consolidation here we see a second sharp downturn.  This is a good spot to log some puts..

[njcarlos]

Edited: for precision e-peen.

Fixt.

Derp. I'm going to ignore you now suck my e-peen.

Finally some interesting and colorful shit to read in this thread. Come on kiddies, attack each other some more.

ARE YOU NOT ENTERTAINED?!

[dreamspark]

So funny, the bears have come out of hiding with their I told you so's the same people who have been quiet for the last few days.

[JayJuanGee]

Pretty soon everyone will realize that even $300 is a very likely level of stability, if not mid-200s. The sooner everyone realizes that there's just no basis for this valuation (or the capital in-flights to support it), the better.

Yes, it truly is as if nobody would be able to see more than a few days into the future, and that the price today would have no correlation to expectations of long term value (and only be a product of buying and selling pressure in a given day, in exchanges that lack liquidity).

It is somewhat irritating in the short term but gives an opportunity in the next bubble. I might aim to increase my number of coins not by the usual 10-20% but by 50% with a little more aggressive play. Is anyone with me? PPT?  

I know that you MAY NOT care, but I would like to buy at the lowest point... Maybe $420-ish?    Anyhow, if you are going to buy several thousand coins, then you should let us go first... b/c your buying may cause the prices to go up a lot, that is if you are buying on any of the exchanges..

[chessnut]

We will stabalize @ 447-502 for a shot time (hours) before dropping quickly to ~ 408 where serious resistance will be met.

Is this a fact?

Not yet.  It is an opinion based on analysis.  

So far it's close to on target.  After an attempt at consolidation here we see a second sharp downturn.  This is a good spot to log some puts..

I tend to agree although I dont expect a full retracement, tops 485. short target 420 short term.

[koryu]

bah china is so annoying, news always pop up when we are ready to lift off. i really hope china bans btc this time for real so we can accept it and go on with it.

[dreamspark]

But when gox halted fiat withdrawals the price went up 

[gizmoh]

But when gox halted fiat withdrawals the price went up 

But Deposits were welcomed with open arms..

[JayJuanGee]

I guess the bold sentence qualified you more.

No, it made his attempt at making me look like I don't think BTC is worth shit completely void. If I thought it wasn't worth $35, why would I have held to mid-3 figures? Why would I think it's worth $300 and not $1? It's called sensibility and observation, something conflicts with the permabulls sacrosanct predictions in the Church of Bitcoin.

Sounds as if you are butt hurt b/c you sold in the $300s, when the price went to $1,100s and a lot of guys made more money than you.

That's o.k. No BIG dea... we each come to our own conclusions about when to buy and when to sell.  So if you decided to sell BTC, then you can leave this conversation and this thread, no?

Or do you just want to stick around and attempt to bring the market down or to spread fFUD so that you can feel better?

[ShroomsKit]

The problem is that this shit comes in stages everytime. Now we had a big sell off because of this news but because of the deadline we can expect another big sell off if it turns out negative. Basically the same news will cause panic twice. Damn, while i'm writing that i again realize how retarded these people are.

[njcarlos]

Sounds as if you are butt hurt b/c you sold in the $300s, when the price went to $1,100s and a lot of guys made more money than you.

That's o.k. No BIG dea... we each come to our own conclusions about when to buy and when to sell.  So if you decided to sell BTC, then you can leave this conversation and this thread, no?

Or do you just want to stick around and attempt to bring the market down or to spread fFUD so that you can feel better?

I'm butt hurt? I guess you're one of the slow kids. I voice an opinion and got railed by wannabe bullies on the internet calling me a retard and attempting to hurt my e-feelings by proclaiming they were going to ignore me. I guess if you call me getting lambasted because I made an innocuous comment that was obvious opinion being butt hurt, yea. I'm totally butt hurt. And no, I didn't sell in the $300s.

[electronistul]

... Allow me to break it down for you. I made a SHIT TON of BTC trading a very shitty alt coin [...]. My percentage is incalculable (19200% original investment $600) in that the stake on this POS coin was 1000% every 9 days. I paid off my student loans, my car, my house.

Edited: for precision.

My new superhero  

[dreamspark]

When to start buying is my only question. I can't see the price going down too much fundamentally this is just people making profits again by adding to the panic. Fact is deposits have been stopped so there was no way to get money in but there was a way to get it out. That was bad for BTC prices but now that theres no way to get it out that should balance it out.

Before we were saying that the real issue with China stopping deposits was that there would be no fresh liquidity entering the market but now there will be no old liquidity leaving it either so that should have a slightly positive effect.

[JayJuanGee]

Sounds as if you are butt hurt b/c you sold in the $300s, when the price went to $1,100s and a lot of guys made more money than you.

That's o.k. No BIG dea... we each come to our own conclusions about when to buy and when to sell.  So if you decided to sell BTC, then you can leave this conversation and this thread, no?

Or do you just want to stick around and attempt to bring the market down or to spread fFUD so that you can feel better?

I'm butt hurt? I guess you're one of the slow kids. I voice an opinion and got railed by wannabe bullies on the internet calling me a retard and attempting to hurt my e-feelings by proclaiming they were going to ignore me. I guess if you call me getting lambasted because I made an innocuous comment that was obvious opinion being butt hurt, yea. I'm totally butt hurt. And no, I didn't sell in the $300s.

Well maybe I misread your posts?  I see no reason for any posters to brag.. and even for posters to come out with guns ablazing in a quasi-anonymous forum. 

When  posters make extreme claims, then other posters are going to get irritated.  I thought that some of your postings were extreme and attempts at being insulting.

I would rather share actual information and real predictions rather than posturing(s), but maybe that's just me?   

Ultimately, it is up to you whether you prefer to engage in an adult dialogue, even if or when other people are throwing around derogatory comments.

[njcarlos]

Well maybe I misread your posts?  I see no reason for any posters to brag.. and even for posters to come out with guns ablazing in a quasi-anonymous forum.  

When  posters make extreme claims, then other posters are going to get irritated.  I thought that some of your postings were extreme and attempts at being insulting.

I would rather share actual information and real predictions rather than posturing(s), but maybe that's just me?  

Ultimately, it is up to you whether you prefer to engage in an adult dialogue, even if or when other people are throwing around derogatory comments.

I know, I know. The internet is srs bizniss.

I didn't brag, and I didn't make an extreme claim. If you think my opinion that a fair valuation of BTC is $300 is extreme, then I don't know what to say but let it go. No need to call me a retard or ignore me.

[rpietila]

I might aim to increase my number of coins not by the usual 10-20% but by 50% with a little more aggressive play. Is anyone with me? PPT?  

I know that you MAY NOT care, but I would like to buy at the lowest point... Maybe $420-ish?    Anyhow, if you are going to buy several thousand coins, then you should let us go first... b/c your buying may cause the prices to go up a lot, that is if you are buying on any of the exchanges..

No I am not in a position to do that now. The market is stable and going more long would not be prudent. It's good to have cash always with which to buy at dips. This is not a dip, this is an accumulation zone, and my accumulation was done in February already.

I mean I could play more in the top formation phase, even go short if there is a service that would allow doing it with 10,000 bitcoins.

[Hunyadi]

Cash requires an in-person transaction with someone who has BTC.  This doesn't scale and risks those involved.  We need something else.

coinffeine.com

P2P-exchanges are coming online soon. After that, Bitcoin will be very hard to control by TPTB. I hope these kinds of panics will be history after that....maybe not

[spooderman]

erm, more dumpage?