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

[Davyd05]

I really wonder what this week will bring.. sideways would be interesting :d

[molecular]

First we waited for the downtrend to end. Then we waited for the rally to start, according to the calendar.  Then we were waiting for the auction. What are we waiting for now?  

The Winklevii ETF "COIN" to be activated on the 11th

What's on the 11th regarding COIN? 11th of what?

You're probably joking, right?

EDIT: I was of the impression they could be lucky to get it online this year.

[Nicholas-Carraway]

$So what compelling information-developments are happening in BTC to make the $ price increase?  You tell me.  An ETF?  Give me a break.... There's nothing new going on is there?

[ErisDiscordia]

And regulation does not make a market less free, as long as it is fair to all suppliers and customers

Jorge you're a riot! You say the funniest things sometimes 

On a more serious note, this particular sentence highlights the way of thinking which makes statements like this possible: the assumption that it is possible to create universal regulations which will be "fair" to everybody and that YOU are capable of knowing what they are. Dangerous delusions, though funny. I feel conflicted about this

[Raystonn]

$So what compelling information-developments are happening in BTC to make the $ price increase?  You tell me.  An ETF?  Give me a break.... There's nothing new going on is there?

Check the fundamental analysis thread.  The average rate of adoption continues to increase at a steady rate.

[ErisDiscordia]

In a truly free laissez faire system nothing is "too big to fail." Tax exemptions come from governments, what market ever gave anyone a tax exemption for anything? Let alone a laissez faire market. Don't sacrifice intellectual integrity to prop up a political agenda.

Laissez Faire capitalism, which in the US was brought in by back starting with Reagan, first allowed banks and corporations to grow and merge without limits.  (Once upon a time, there was a US government that ordered the breakup of AT&T because it was too big.  Would you believe that?)   Huge companies meant cartels which meant fat profits which meant fat bribes and campaign contributions which meant laws favoring the richest, such as the end of the progressive income tax and all sorts of tax breaks, loopholes and tax heavens.  Laissez-faire capitalism (or extreme deregulation) then allowed banks and financial corporations to invent all sorts of virtual assets built on top of each other, take risks that were once unthinkable, engage in undetected massive fraud, cede control to foreign corporations, etc..  When the house of cards finally collapsed, they already had enough power over the government to force it bail them out with taxpayers money.  That is where laissez-faire capitalism inevitably leads to.

No.  That's crony capitalism.  Laissez-faire economists oppose crony capitalism.  Please educate yourself here: http://en.wikipedia.org/wiki/Crony_capitalism

[ibankbitcoins]

We have been wipe sawing for the past few hours. Above resistance is definitely bullish which is a breakout from a double bottom. Below resistance is consolidation, neutral to slightly bearish.

https://i.imgur.com/vjp9vj3.jpg

[ChartBuddy]

Explanation

[podyx]

sub600 comin up

what a joke

[Davyd05]

sum dumping on stamp? some mild so far dumping lol

[Nicholas-Carraway]

Check the fundamental analysis thread.  The average rate of adoption continues to increase at a steady rate.

[/quote]

where in this jungle would I find this thread?

Thank you

[0x3d]

Check the fundamental analysis thread.  The average rate of adoption continues to increase at a steady rate.

where in this jungle would I find this thread?

Thank you

https://bitcointalk.org/index.php?topic=649453

(correct me if I'm wrong)

[Tzupy]

Let's see if we can repeat June 12th. 

[windjc]

Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

[ChartBuddy]

Explanation

[Searing]

Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

heh this ain't gonna help (although I'm 'hoping' most folk will resist the knee jerk reactions'

http://www.coindesk.com/isis-bitcoin-donations-fund-jihadist-movements/

should not be that much of a shock that folks like that are gonna try to use btc in evil ways....

buying opportunity next week?

[Miz4r]

Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

Yeah I think there are just too many bulls expecting a bubble, can't go up when everyone is a bull unless there is a huge influx of new people getting into bitcoin. That's going to happen eventually but not as fast as people are thinking. Some impatient buyers have already sold and I see the number of bears increase again which is positive because we need them as fuel for the price to go up. I don't expect a bubble any time soon but I do see 800-850 in the cards.

[ChartBuddy]

Explanation

[dreamspark]

Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

Yeah I think there are just too many bulls expecting a bubble, can't go up when everyone is a bull unless there is a huge influx of new people getting into bitcoin. That's going to happen eventually but not as fast as people are thinking. Some impatient buyers have already sold and I see the number of bears increase again which is positive because we need them as fuel for the price to go up. I don't expect a bubble any time soon but I do see 800-850 in the cards.

Do you really think everyone is bullish? Still feels like bear central around here compared to in a real bull market, when every thread is rockets and trains and people tell you they've maxed out credit cards and re mortgaged their house then I'd agree everyone is bullish. Im still not super bullish (leveraged long) but I've been all in (non leveraged) since around $450 my finger is far away from the sell button and like windjc Im waiting for the sellers to dry up again and my finger will be firmly pressing that long button (absent bad "news").

[600watt]

Guys and girls - this situation is going to resolve itself just like the situation in the 400s. We bounced around high to low and mid to low 400s for many weeks. Finally, there just were no more sellers. None. And once that happened, the bulls ran wild.

Well, that is what we are seeing again. No buying, but less and less selling. So unless sellers start selling more soon, then the selling will eventually slow to a crawl again. At that time, our only way forward will be up.

Now this could take another week or so or more - who knows - its all just "speculation" that we love.

But, me, I'm watching the sellers, not the buyers, for clues on how low this goes and where the local bottom really is.

Yeah I think there are just too many bulls expecting a bubble, can't go up when everyone is a bull unless there is a huge influx of new people getting into bitcoin. That's going to happen eventually but not as fast as people are thinking. Some impatient buyers have already sold and I see the number of bears increase again which is positive because we need them as fuel for the price to go up. I don't expect a bubble any time soon but I do see 800-850 in the cards.

there will be no bubble this summer. in september (or whenever etf gets approved) a steady bull run will start. it may lead into another bubble in q4. july and august will stay boring...