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

[Ultros]

It always been difficult for me to short bitcoin because of how painfull it is to see it rally when I'm not full in. For some reason, it's way easier for me to see it fall and hold.
I'd probably make more money if I could get rid of that bias.

[cech4204a]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

Is bankruptcy the only possible reason for an exchange to close?  

still asking, any clues or you are just affraid ?

Afraid of what? LOL!
It's been hammering bitcoin's price for more than a month now... I can't believe you're too stupid to see that..

Anyway, I'm gonna spoon-feed the moron so here you go. Here's one  
 http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

[akujin]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

Is bankruptcy the only possible reason for an exchange to close?  

still asking, any clues or you are just affraid ?

Afraid of what? LOL!
It's been hammering bitcoin's price for more than a month now... I can't believe you're too stupid to see that..

Anyway, I'm gonna spoon-feed the moron so here you go. Here's one  
 http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

Wow! I better not argue with an idiot   

FUD? You mean the news I posted or the 62% drop? 
If you mean the news, well it's posted in their website so that's a fact.
And if you're talking about the 62% drop, that's a "What if " situation.. I hope you read it. LOL! 

[N12]

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

aka Facts U Dislike

[cech4204a]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

Is bankruptcy the only possible reason for an exchange to close?  

still asking, any clues or you are just affraid ?

Afraid of what? LOL!
It's been hammering bitcoin's price for more than a month now... I can't believe you're too stupid to see that..

Anyway, I'm gonna spoon-feed the moron so here you go. Here's one  
 http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

Wow! I better not argue with an idiot  

FUD? You mean the news I posted or the 62% drop?  
If you mean the news, well it's posted in their website so that's a fact.
And if you're talking about the 62% drop, that's a "What if " situation.. I hope you read it. LOL!  

let me be idiot for you, but you still can't explain your first statement (to remind you smart-ass guy:" What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  Grin Grin Grin"), still waiting for clue, untill then, you are just scared smart-ass who is doing FUD without a clue.

EDIT: still no clue? well thats what i knew before.

[akujin]

I pity you  

EDIT: I already given you some clue... You're just too stupid to see it.  I think you need to watch blue's clues to sharpen your brain


 

And now...


 

[inca]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.

What? Ok, since you don't want to actually look at my post history in more detail, let me clarify for you ---> soon, we could make a run towards 340. If that does not hold, then we are in position to fall to 270 in the intermediate future.

If all the chinese exchanges closed within a few days of each other, we could make a run at 270 even sooner.

I don't know if we will, but I have been preaching for weeks, that unless we get some fresh fiat in here, we will continue to go lower.

Look, its Monday - the best day of the week for bitcoin and the market is going lower. Whoduthunkit?

Blah blah blah. You are a perma bear who posts constant clap trap to try and manipulate others on here to sell.

You don't have the power to move the market, therefore you have no idea in which direction the market is going to move. You simply react. Any plonker can draw a downward sloping line on a chart and prognosticate, but the truth is you dont actually know and when the market turns upwards it will catch you out as always.

Not sure why I took you off ignore, but that has now been remedied.  

[ChartBuddy]

Explanation

[ShroomsKit]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.

What? Ok, since you don't want to actually look at my post history in more detail, let me clarify for you ---> soon, we could make a run towards 340. If that does not hold, then we are in position to fall to 270 in the intermediate future.

If all the chinese exchanges closed within a few days of each other, we could make a run at 270 even sooner.

I don't know if we will, but I have been preaching for weeks, that unless we get some fresh fiat in here, we will continue to go lower.

Look, its Monday - the best day of the week for bitcoin and the market is going lower. Whoduthunkit?

Blah blah blah. You are a perma bear who posts constant clap trap to try and manipulate others on here to sell.

You don't have the power to move the market, therefore you have no idea in which direction the market is going to move. You simply react. Any plonker can draw a downward sloping line on a chart and prognosticate, but the truth is you dont actually know and when the market turns upwards it will catch you out as always.

Not sure why I took you off ignore, but that has now been remedied.  

Couldn't have said it better.

[p0peji]

Fucking hell, how boring is the BTC market going to get? 

[inca]

Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing.  He was very bullish for the second half of last year, even before the upturn in November.

Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2. 

Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).

Now, more than ever, its time to realise BTC is about the technology not the currency.

You can predict the future price from the orderbook?

The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt.

Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here.

[ChartBuddy]

Explanation

[cech4204a]

I pity you  

EDIT: I already given you some clue... You're just too stupid to see it.  I think you need to watch blue's clues to sharpen your brain


 

And now...


 

Gone ;-) but you still have no clue (old news are not clue)

[rpietila]

[50K BTC]

The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend.

+1

Voice of reason.

The new purchase of BTC50k for $20M is not a big money for 10,000s of entities, even acting alone.

At this point, it will have a huge impact on price.

We are talking about <1% of all bitcoins. More are not for sale at even close to this price.

[check07]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

[niothor]

Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing.  He was very bullish for the second half of last year, even before the upturn in November.

Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.  

Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).

Now, more than ever, its time to realise BTC is about the technology not the currency.

Never use everyone , everything...
It sounds like you're the only one holding the supreme truth and this is hardly the case.

Besides , you shoudn't take this board as a model of how the market feels. I doubt that more than 10% of the top 10 traders and holders of BTC use this forum frequently.

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

No , it's ironic that from February till now you haven't understand what BTC is really about.

[wachtwoord]

Besides , you shoudn't take this board as a model of how the market feels. I doubt that more than 10% of the top 10 traders and holders of BTC use this forum frequently.

How times have changed.

[CoinThinker]

Looking at the order book on bitstamp, price should go higher in the short term (in the long term I am sure that by the end of the year, price will get to a level of at least 2.000 USD).

But coming back to today's situation: there are 5.327 BTC to be sold, and on the other side they are 6.231 BTC to be purchased. This basically means that at this moment the sell orders CAN NOT cover the buy orders within the same range, so price will have to increase.

The demand for BTC is 15% higher than the offer => price will increase in the short run.

[cech4204a]

Looking at the order book on bitstamp, price should go higher in the short term (in the long term I am sure that by the end of the year, price will get to a level of at least 2.000 USD).

But coming back to today's situation: there are 5.327 BTC to be sold, and on the other side they are 6.231 BTC to be purchased. This basically means that at this moment the sell orders CAN NOT cover the buy orders within the same range, so price will have to increase.

The demand for BTC is 15% higher than the offer => price will increase in the short run.

This is part picture, order book is small part

[JorgeStolfi]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

Hm, isn't that copy-paste from a post of mine?