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

[Meman]

There may be a turnaround at or below 200$.
So there's still enough space to the downside, imho.

[sonofliberty]

There may be a turnaround at or below 200$.
So there's still enough space to the downside, imho.

No.

[ShroomsKit]

There may be a turnaround at or below 200$.
So there's still enough space to the downside, imho.

First i think that graph looks real bad but then i realize that whole downfall is caused by MtGox and China fud. That gives me hope for the future.

[rpietila]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

[dreamspark]

Did anyone see this article? http://www.theregister.co.uk/2014/04/25/supertrips_silk_road_dealer_facing_40year_term_for_dvd_drug_imports/

With this drug bust the feds have taken the guys Bitcoins and converted them into USD ($3M). Why were they able to do this now but not with DPR?

Because he's pleading guilty.

[calmindifference]

There may be a turnaround at or below 200$.
So there's still enough space to the downside, imho.

First i think that graph looks real bad but then i realize that whole downfall is caused by MtGox and China fud. That gives me hope for the future.

China and Mt Gox aren't over yet, they both have some way to run.

[dreamspark]

Did anyone see this article? http://www.theregister.co.uk/2014/04/25/supertrips_silk_road_dealer_facing_40year_term_for_dvd_drug_imports/

With this drug bust the feds have taken the guys Bitcoins and converted them into USD ($3M). Why were they able to do this now but not with DPR?

Because he's pleading guilty.

Ah okay got it.

Small tip for all you drugs entrepreneurs out there: may be traveling to or residing in the US is a bad idea

Im fairly sure thats why but reading it again its a bit more ambiguous

"In addition to that, federal agents are asking to keep the $3,030,000-worth of Bitcoins that the government collected from Slomp, and which have already been converted into cash."

That makes it sound like maybe they did convert it to cash before he said he would plead guilty. Perhaps its because he's not a US citizen then.

[boumalo]

There may be a turnaround at or below 200$.
So there's still enough space to the downside, imho.

This is a scary chart but we can break those lines and resume the bull market if everyone get excited again

[ShroomsKit]

There may be a turnaround at or below 200$.
So there's still enough space to the downside, imho.

First i think that graph looks real bad but then i realize that whole downfall is caused by MtGox and China fud. That gives me hope for the future.

China and Mt Gox aren't over yet, they both have some way to run.

Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.

[ChartBuddy]

Explanation

[rpietila]

Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.

Perhaps it does, but that is only possible because there is so little determination with the buyers. As long as they wait, the price stays low. When they start to pre-empt each other, it rises. It may (and likely will) take months before it happens. The bottom, however, is established here, it is not $200. Every week brings more certainty to that.

With $100 million of new money who are not satisfied with anything else but Bitcoins, the market would be $100 or so higher.

With $1 billion, we would be nearing ATH.

In our runup to $5,000, about $6 billion of fresh money need to be invested. None of us has this money. It is the new generation.

If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection.

[F-bernanke]

looks like huobi started a pump again.

[ShroomsKit]

Why are we following a dying exchange? Why did we do that with Gox and now with Huobi? Once Huobi is gone will we start looking for another clusterfuck exchange so we can follow it?

[ShroomsKit]

looks like huobi started a pump again.

Guess what comes after the pump.

[wachtwoord]

Not denying that. I just have the feeling the market wants to go up but gets stopped because this shit every time.

Perhaps it does, but that is only possible because there is so little determination with the buyers. As long as they wait, the price stays low. When they start to pre-empt each other, it rises. It may (and likely will) take months before it happens. The bottom, however, is established here, it is not $200. Every week brings more certainty to that.

With $100 million of new money who are not satisfied with anything else but Bitcoins, the market would be $100 or so higher.

With $1 billion, we would be nearing ATH.

In our runup to $5,000, about $6 billion of fresh money need to be invested. None of us has this money. It is the new generation.

If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection.

Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?

[F-bernanke]

Why are we following a dying exchange? Why did we do that with Gox and now with Huobi? Once Huobi is gone will we start looking for another clusterfuck exchange so we can follow it?

Good point.

[rpietila]

Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?

Good point.

[windjc]

In 2014-3-30, the exponential trendline model gave a buy signal at $460 and the price has been unable to go below it for any extended time even after 4 weeks.

In 2013-11-23 it gave a sell signal at $872 (SlipperySlope's 0.40 confidence) or 2013-11-28 at $1,056 (my 0.45 confidence). It was also unable to stay above it for any extended time.

What odds do you want? As I would be betting to win less valuable coin, you shouldn't get much better than 50%.

I think you will offer an unreasonable bet so that you don't have to make one at all.

But let me know.

[Spaceman_Spiff]

If you are unsure whether Bitcoin receives this "financing round" or not, just take confidence in the fact that everyone in the world can participate, there are no minimums, no maximums, no lock-in periods, and the "company" has no burn rate and its economy becomes better even while waiting for the capital injection.

Isn't there is some sort of 'burn rate' as capital get's reallocated to miners and mining companies?

I wouldn't call it a "burn rate", it's not like bitcoin is going to go bankrupt at any time.

[ChartBuddy]

Explanation