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

[faalhaas]

so fucking boring.
Weekend rally or not ?
sjuuuuus

[JayJuanGee]

Don't post very often guys, but been around for a while, got most of my coins in the 80 -120 bracket. Because of that i have pretty much just hodl through a few of the ups and downs and never had to worry about losing money cause it has rarely dropped below that whilst i have owned. Knew it was a bubble late last year but just didnt want to sell at gox where i had an account, and was just too lazy to set up stamp, so i have just kept hodling though the up and down.

Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.

Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!

When did you realize that you needed to remove your BTC from GOX, and when did you finally act upon that realization and remove your BTC from GOX?  LOTS of NON-Traders and HODLRs got stuck with their coins on GOX b/c they waited to long to move them.

[AceWallen]

we're still in a bullish consolidation, flag formation from the last leg up. if BFX breaks 600 to the downside, i will reconsider, but i think we should head up to 630-650 in the next couple days.

[JayJuanGee]

So, when is someone going to buy an island, start a farm, power plant, ISP, and waste water treatment facility that does everything in bitcoin?  Then, we can say F*** fiat, lets price everything in BTC.  I'd rather pay a set BTC price every freakin' time then buy a couple pizzas worth a few million dollars a couple years later. 

Any takers?  That'd be the easiest way to start a TRUE BTC economy that's not dependent on the Fiat->BTC relationship.  Granted, it would probably take a little while to get going, but it would be awesome...

I understand Risto's Bitcoin Supernode Hideaway is intended to be all Bitcoin. I'm not sure what his timeline on getting that up and operational is.

2021, I think.

[Richy_T]

I see your point but government cares if the public cares. Like when Gordon Brown sold off Britain's gold. I just had these thoughts when I first heard of the auction, but the amount of BTC is not that high and also the auction style does not really promote this scenario imo.

Funny thing is, when they came off the gold standard, they effectively stole that gold. Now they're selling it anyway. We're definitely circling the drain.

[Richy_T]

Don't post very often guys, but been around for a while, got most of my coins in the 80 -120 bracket. Because of that i have pretty much just hodl through a few of the ups and downs and never had to worry about losing money cause it has rarely dropped below that whilst i have owned. Knew it was a bubble late last year but just didnt want to sell at gox where i had an account, and was just too lazy to set up stamp, so i have just kept hodling though the up and down.

Just wanted to say it feels a lot like it did when it was in the 120 -150 range for a while, before exploding to 1000. Occasionally i have doubts cause my coins are worth a reasonable chunk of change and it would suck to lose my bitcoin nest egg, but i have to say, from a rational perspective, bitcoin has lot more going for it now than it did 12 months ago.

Trade if you think you are smart AND lucky. Otherwise buy, hold, and look forward to the future!!

When did you realize that you needed to remove your BTC from GOX, and when did you finally act upon that realization and remove your BTC from GOX?  LOTS of NON-Traders and HODLRs got stuck with their coins on GOX b/c they waited to long to move them.

Gox was looking shaky for a long time. Anyone who kept any more than there immediate needs on there was taking unacceptable risks. The Gox premium served to deter some from escaping via Bitcoin and there is some excuse for being caught with your fiat pants down, perhaps but anyone using them for bitcoin storage, well...

[ChartBuddy]

Explanation

[Richy_T]

So, when is someone going to buy an island, start a farm, power plant, ISP, and waste water treatment facility that does everything in bitcoin?  Then, we can say F*** fiat, lets price everything in BTC.  I'd rather pay a set BTC price every freakin' time then buy a couple pizzas worth a few million dollars a couple years later.  

Any takers?  That'd be the easiest way to start a TRUE BTC economy that's not dependent on the Fiat->BTC relationship.  Granted, it would probably take a little while to get going, but it would be awesome...

I understand Risto's Bitcoin Supernode Hideaway is intended to be all Bitcoin. I'm not sure what his timeline on getting that up and operational is.

2021, I think.

That's quite a ways away. If Bitcoin hasn't caught fire by then, it may never. If it does before, someone is likely to eat his lunch. Then again, if his holdings increase in value, he can probably bring the schedule forward significantly and still have first-mover advantage. Though his choice of location may prove to be an issue.

[JayJuanGee]

Hi, greetings from the vast newbie/lurker community.

Would anyone care to speculate or provide a link as to the ramifications of $1 billion being dropped on the market as a long-term buy/hold. I suppose this probably won't happen until Wall Street or some other regulated exchange is able to be used. Just a random, large number I picked, but I'm new to all this and am curious as to how people will react the when/if the next round of big money shows up.

Thanks for your thoughts, ideas, and pictures.

Personally, I doubt that big money, such as $1 billion will be dropped all at once, until maybe the market cap is around $100 billion..

Accordingly, investment chunks will be smaller... and yes, if they prices is going up, then it becomes more easy to drop larger chunks, yet large chunks cause the price to go up too much, so investors with large chunks want to attempt to control the price rises (while they are buying), to the extent that they can.... and maybe once they are mostly in, then they do NOT mind manipulating the prices upwards with smaller amounts...

[JayJuanGee]

We rally now?

NOT yet!!!!   However, the week is coming near closing, and it will be very interesting if that weekly MACD candle closes green (at this point, barely green - yellow as an earlier poster mentioned).

[Oddball1221]

http://puu.sh/9ANTG/c61e02b53e.png

We rally now?

NOT yet!!!!   However, the week is coming near closing, and it will be very interesting if that weekly MACD candle closes green (at this point, barely green - yellow as an earlier poster mentioned).

Why look at the weekly MACD specifically? If you look at other time periods, it seems to be at varying points of the sine curve, (3d).

[CoinHamster]

we're still in a bullish consolidation, flag formation from the last leg up. if BFX breaks 600 to the downside, i will reconsider, but i think we should head up to 630-650 in the next couple days.

1h, 2h, 4h, 6h and 3d are going down  
i hope it will not break $600
it has to stay and rise!
let's pray and see...
 

[ChartBuddy]

Explanation

[Parazyd]

We are not going below 600, not anymore. Time to start up the locomotive.

Daytraders, how much volume do you deal with daily?

[elebit]

We are not going below 600, not anymore. Time to start up the locomotive.

Why do you think that? It's so thin right now ... I have no clue where it will go. If anything, there is a small trickle of new coins for sale.

[oda.krell]

We are not going below 600, not anymore. Time to start up the locomotive.

Daytraders, how much volume do you deal with daily?

Ah, that senseless optimism

But seriously, the last period of major volume  was on June 12, and we went down to 550. If the next swing down (and unless a miracle happens, there will be a swing down in the coming days) doesn't fall below 550, I'd consider that a very reassuring sign.

[justusranvier]

Just noticed the poll results are almost perfectly centred on 100%

[adamstgBit]

We are not going below 600, not anymore. Time to start up the locomotive.

Daytraders, how much volume do you deal with daily?

Ah, that senseless optimism

But seriously, the last period of major volume  was on June 12, and we went down to 550. If the next swing down (and unless a miracle happens, there will be a swing down in the coming days) doesn't fall below 550, I'd consider that a very reassuring sign.

it won't, i'm loaded for bear.

[oda.krell]

We are not going below 600, not anymore. Time to start up the locomotive.

Daytraders, how much volume do you deal with daily?

Ah, that senseless optimism

But seriously, the last period of major volume  was on June 12, and we went down to 550. If the next swing down (and unless a miracle happens, there will be a swing down in the coming days) doesn't fall below 550, I'd consider that a very reassuring sign.

it won't, i'm loaded for bear.

Are you trying to reverse psychology the market?

Sure, why not... worth a try.

Hey, market. I don't even want $100k coins anymore. Not ever.

[CoinHamster]

We are not going below 600, not anymore. Time to start up the locomotive.

Daytraders, how much volume do you deal with daily?

Ah, that senseless optimism

But seriously, the last period of major volume  was on June 12, and we went down to 550. If the next swing down (and unless a miracle happens, there will be a swing down in the coming days) doesn't fall below 550, I'd consider that a very reassuring sign.

it won't, i'm loaded for bear.

bitfinex did the 599...