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

[Bagatell]

I wouldn't buy at these levels.

What did you buy at Shroomsy? The way you go on, I can only think you bought in at $1000+ and are desperate to unload that bag.

[Krabby]

ye well, first it was China, then Russian, now EU.

USA is next ?

I welcome all government restrictions. Reminds people to not tell how many coins they have.

https://www.youtube.com/watch?v=vwvySkrUBlA

[ChartBuddy]

Explanation

[ShroomsKit]

I wouldn't buy at these levels.

What did you buy at Shroomsy? The way you go on, I can only think you bought in at $1000+ and are desperate to unload that bag.

Most coins well below 100. I'm not desperate to unload anything. I'm 100% profit as i sold some at 900 to get my investment back.

[Dotto]

Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  

no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Translation (TL;TR):

"Bitcoin can f4ck the hell off banks. It could finish our monopoly fiat business, so we advocate for halt it completely before we heavily rule against it"

Fuck their ponzie monopoly. They are paniking. Bulliest signal in weeks.

PD: It´s the first time I hear about EBA. It seems they have 'printed' this institution from thin air

[Dotto]

Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.

Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.

This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!

So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.

We need to squeeze those longs, free some money up.

I only read you, Shrooms for the quote, because you are ignored some time ago. You seriously should try yoga, meditation, spending time in the beach/mountain. Your post reflex you are having a really bad time, day by day. Stop worring. Breathe. Go nature. It will fix itself.

[madmat]

Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  

no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Translation (TL;TR):

"Bitcoin can f4ck the hell off banks. It could finish our monopoly fiat business, so we advocate for halt it completely before we heavily rule against it"

Fuck their ponzie monopoly. They are paniking. Bulliest signal in weeks.

PD: It´s the first time I hear about EBA. It seems they have 'printed' this institution from thin air

EBA is a post 2008 crisis institution. You could read more here : http://en.wikipedia.org/wiki/European_Banking_Authority

[ShroomsKit]

Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.

Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.

This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!

So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.

We need to squeeze those longs, free some money up.

I only read you, Shrooms for the quote, because you are ignored some time ago. You seriously should try yoga, meditation, spending time in the beach/mountain. Your post reflex you are having a really bad time, day by day. Stop worring. Breathe. Go nature. It will fix itself.

Funny how it never occurs to people like you that i'm doing this because i'm calm and relax like hell in real life. I like to shout a bit on the internet. Get over it.

[Cassius]

Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.

Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.

This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!

So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.

We need to squeeze those longs, free some money up.

I only read you, Shrooms for the quote, because you are ignored some time ago. You seriously should try yoga, meditation, spending time in the beach/mountain. Your post reflex you are having a really bad time, day by day. Stop worring. Breathe. Go nature. It will fix itself.

But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?

[adamstgBit]

Good morning bitcoin!

hmmm should i buy now or save ammo if we should go lower...

[Krabby]

Good morning bitcoin!

hmmm should i buy now or save ammo if we should go lower...

b-b-but muh $800....

[zimmah]

europe banned bitcoin ? 

No, Europe did not and will never ban bitcoin.

They just warned banks that they should not deal with bitcoin because it's too risky.

They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.

As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.

Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.

[adamstgBit]

Good morning bitcoin!

hmmm should i buy now or save ammo if we should go lower...

b-b-but muh $800....

ya i know

i''m just THAT GREEDY

[magicmexican]

Huge pumps! The 800$Bus is leaving soon.

[dreamspark]

But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?

My thoughts always gravitate to it being mostly to do with people just making a bit of extra money but more importantly more coins.

There are very few investments where you aren't trying to come out with a bigger pile of fiat, in general when you trade a normal stock you tend to buy a position and then sell (or buy if you were short) and leave with the profit.

With Bitcoin however people are trying to make more of the 'stock' than fiat (obviously a generalization but can you draw any parallels?) a lot of people are also all in in terms of how much they are willing to invest, to make more BTC and not more fiat without leverage you have to sell and buy back at a lower price. I seriously think this is one of the reasons people are so willing to sell their BTC for the chance to buy it back lower even though the majority of them would have been better to buy and hold.

[zby]

europe banned bitcoin ?  

No, Europe did not and will never ban bitcoin.

They just warned banks that they should not deal with bitcoin because it's too risky.

They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.

As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.

Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.

That reads exactly like the Chinese bans at the beginning

[blatchcorn]

europe banned bitcoin ?  

No, Europe did not and will never ban bitcoin.

They just warned banks that they should not deal with bitcoin because it's too risky.

They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.

As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.

Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.

That reads exactly like the Chinese bans at the beginning

Better sell your bitcoin then

[Cassius]

But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?

My thoughts always gravitate to it being mostly to do with people just making a bit of extra money but more importantly more coins.

There are very few investments where you aren't trying to come out with a bigger pile of fiat, in general when you trade a normal stock you tend to buy a position and then sell (or buy if you were short) and leave with the profit.

With Bitcoin however people are trying to make more of the 'stock' than fiat (obviously a generalization but can you draw any parallels?) a lot of people are also all in in terms of how much they are willing to invest, to make more BTC and not more fiat without leverage you have to sell and buy back at a lower price. I seriously think this is one of the reasons people are so willing to sell their BTC for the chance to buy it back lower even though the majority of them would have been better to buy and hold.

Short answer, bad judgement: people trying to read the market and accumulate more, probably just coming out worse by giving their coins to others?
Sad world.

Edit: don't know why this surprises me. Short-term thinking is everything wrong with capitalism and the financial sector, and I guess it's what characterises a 'weak hand' in the first place.

[adamstgBit]

EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE

O M G O_o

most bullish news EVER!!!!

[blatchcorn]

EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE

O M G O_o

most bullish news EVER!!!!

All the dumpers sold before they read the whole sentence - they are now buying back at a loss