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

[ShroomsKit]

Dump harderrrrrr pleaseeeeeeeeee it will expedite imo this lul in the market and my fiat cannons have no option but to fire if we break under 550 again ..

I never get this logic.
I assume you believe we will be going up or otherwise you wouldn't want to buy. Why do you care about 50 bucks then? The way things look i'd say it's a rather small chance we go to 550 again. Why would you take that risk?

I personally find it very likely that we will go below 550 and soon. So I will take my positions accordingly.

Yeah i should've said not likely till today. I can also see it happen now.

[BitChick]

I personally find it very likely that we will go below 550 and soon. So I will take my positions accordingly.

You're going to get left behind.

Since you brought it up . . . 

I will remain silent.     So hard to do . . . 

[Chalkbot]

I personally find it very likely that we will go below 550 and soon. So I will take my positions accordingly.

You're going to get left behind.

Since you brought it up . . . 

I will remain silent.     So hard to do . . . 

lol

[findftp]

Dump harderrrrrr pleaseeeeeeeeee it will expedite imo this lul in the market and my fiat cannons have no option but to fire if we break under 550 again ..

I never get this logic.
I assume you believe we will be going up or otherwise you wouldn't want to buy. Why do you care about 50 bucks then? The way things look i'd say it's a rather small chance we go to 550 again. Why would you take that risk?

I personally find it very likely that we will go below 550 and soon. So I will take my positions accordingly.

But,.. but... today it's 24th!

[adamstgBit]

[Sandia]

This still looks like a shakeout candle to me.  I will go with a 60% chance we hit 605-610 in the next few hours, 625 tomorrow, with movement upward following.

A little more patience, and I would have made some good money today.  Alas, Babylon.

[ChartBuddy]

Explanation

[Torque]

Honestly, I'm not seeing what's so positive about this dump other than it didn't drop much.  We were in a small pennant that started rising since 6/30 @ $589.  And we broke down to $590, instead of up.  On zero FUD in the news this time.  We have yet to even reach the $683 high back on 6/1.

The good news is that it seems like a random dump, probably a troll trader trying to capitalize on the fictional 7/24 moon date that everyone just made up in their heads.  I guess the next time it's more serious we'll see if the $580 support holds, as well as the recent double bottom at $555.

[Davyd05]

Dump harderrrrrr pleaseeeeeeeeee it will expedite imo this lul in the market and my fiat cannons have no option but to fire if we break under 550 again ..

I never get this logic.
I assume you believe we will be going up or otherwise you wouldn't want to buy. Why do you care about 50 bucks then? The way things look i'd say it's a rather small chance we go to 550 again. Why would you take that risk?

I agree here, unless you 550 is your dollar cost average and you are adamant about only buying below there...you may as well just buy today since it is lower than it has been for awhile...

Bingo.. 550 zone approaches my average buy in price...I would buy at this current price if I had more Disc Income, however I personally also believe the dip would be quick and fast like a needle if it did drop to that range.

I mean if pigs are being slaughtered why shouldn't I pick up some bacon?

[Sitarow]

Honestly, I'm not seeing what's so positive about this dump other than it didn't drop much.  We were in a small pennant that started rising since 6/30 @ $589.  And we broke down to $590, instead of up.  On zero FUD in the news this time.  

The good news is that it seems like a random dump, probably a troll trader trying to capitalize on the fictional 7/24 moon date that everyone just made up in their heads.  I guess the next time it's more serious we'll see if the $580 support holds, as well as the recent double bottom at $555.

Coinsetter in New York is up. Along with a new batch of hardware being sold for aug 2 shipping.

For those who may have missed it I updated the Hardware return vs buying bitcoin spreadsheet.



Here is the shared link. https://docs.google.com/spreadsheet/ccc?key=0AmeuPljmUNHCdEpqX2RmMDFwemJyLURVUWFtZ3J3aGc&usp=sharing

[JayJuanGee]

there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.

With making money I always think about BTC.
For everything else there is something called FIAT.

not everyone think like you, I think how much Bitcoin could make me in fiat in which I would invest somewhere else...

why hhwy why would you do this?

MmiTech is retarded.  He does NOT really have any plan, and he cannot earn interest b/c it is against his religion.  Maybe he will invest in litecoin or some other alt coin?  But surely, those kinds of investments are more risky than bitcoin, at the moment, unless you happen to be fairly knowledgable about the workings of some alt coin in which you can have confidence.  Maybe Mmitech will get lucky, but instead he really has NO plan and he really has NOT been able to articulate a plan.

[JayJuanGee]

there is a scenario I am considering, the Dell/newegg news was for some people known before it was even announced (for sure), they bought the roumer and waited to sell the news, but the price never reacted as expected so they are sick of waiting ( I would be if I were in their place), I am sure that anyone did that would make money anyways, from 420 to 620 there is $200/BTC to make.

With making money I always think about BTC.
For everything else there is something called FIAT.

not everyone think like you, I think how much Bitcoin could make me in fiat in which I would invest somewhere else...

why hhwy why would you do this?

what is wrong with that ?

i remember i cashed out of bitcoin once

looked around for other investments... thought about buying silver, but that  shit gata get shipped, i have to ship it back to sell it.... stock market,altho going up ATM, seems DANGEROUS ( maybe more so then BTC! )

then i realized.

i made a mistake.

 

I just hope that you wont make a mistake again holding too long to Bitcoin, stop the wishful thinking and manage the risks of you investments, anyway, if I ever cash 100% then for sure it is only because I am going to invest in a real-estate.

Well, hurry up and get out!!!!!   Why you need to convince us that real estate is better... goodbye.. and goodluck.

[Taras]

600.08... Sub-600 again? We'll see...

[JayJuanGee]

That would be nice. But that's not the way of the world or life on it. Life's not fair and not everyone gets what they deserve.

I'm sorry if you think that life hasn't been fair to you. I see the world in a different spiritual perspective, where our karma reaches beyond our present lives.

Here's your opening, BitChick.  Finally, someone, if you count Pumpkinhead as someone, wants to talk about religion.

I guess I fell asleep too early.

Here is a verse for you all: Ecclesiastes 7:16 Do not be over righteous, neither be over wise-- why destroy yourself?  That is something to ponder.  I really like that verse.  Especially because I grew up in a somewhat legalistic environment and realized early on that perfection is impossible to attain.

Basically, most religions are about karma or doing good to earn something.  Fortunately, following Christ is not about that.  It is about realizing we can never be righteous on our own and letting Him change us from the inside out.

I will stop now though.  

This really saddens me because I thought you were a balanced and open minded individual. Unfortunately, even if you don't belong in the same class of idiots like igorr, mah87 and co., I will have to put you on ignore. There are VERY few things worse in this world than overzealous religious cultists.

Balaced haha. She and her husband are complete wackos.

. "Wackos"  You may not agree with them but they have not said anything that puts them in that category.

I take it you are religious as well?

yeah man, I am a " Jesus Freak", but I think even though I am a Christian you would probably find me otherwise normal.  Lol

NO ONE is normal, once you get to know them.  Whether they are a "jesus freak" or some other kind of freak.

[JayJuanGee]

there are few sellers, hence the lack of volume.

Currently there's been not much volume (until a few hours ago), but the tale of the decreasing volume is flawed! Take a look at the cumulative volume graph across the exchanges: https://data.bitcoinity.org/markets/volume/2y?c=e&t=a&volume_unit=btc (Take a look at the 2y graph!) We're at least at the same levels as last year - if not even higher!

Far too few people seem to realize data.bitcoinity.org exists.

Try increasing the time increments to get a better picture:

https://data.bitcoinity.org/markets/volume/2y?c=e&r=month&t=a&volume_unit=btc

Only problem with their charts is the last point on the right side is always a bit distorted because the last interval is incomplete.

How can we spread the news? I keep on hearing about decreasing volume and things having changed in the meantime, yet this indicates otherwise.

I like this chart; however, iT still remains quite funny how China volume seems to drive the BTC price market... even though there maybe been many allegations that a large part of chinese volume is fake.

[JayJuanGee]

BitchicksHusband might even chime in but he is speaking at a Christian youth camp this week.

We live in a world where people can openly brag about child abuse with no expectation of being called out on it.

Is it abuse to tell kids that they have great value regardless of what others say?  The main message of the camp was how to love yourself, love others and love God.  That is abuse somehow?  But you would probably be totally fine with a bunch of kids smoking something.

so Christians doesn't smoke things ?

We try to stay away from illegal drug use. That was the point I was subtly trying to make there.  But, hey, God loves us all just as we are so I would never make a blanket statement that Christians don't smoke as I am sure some do. I am sure many even struggle with drug use as we all struggle with something.

Congrats Bitchick, your wish is coming true!   

[Taras]

This isn't exactly the place OR time to be talking about religion.
I feel like we're about to go under 600 now.

[bassclef]

600.08... Sub-600 again? We'll see...

There is a good chance of this. Then again I sold my trading stash last night so I'm biased.

[JayJuanGee]

I do think it's kind of abusive to teach children they or their familiy/friends/acquaintances will suffer an eternity in hellfire unless they follow the one true religion in the one true sect. It's also kind of abusive to teach them that Satan is on this world and responsible for all evil. This will make them more prone to superstition and manipulation and less conducive to reason.

Btw, I won't moderate this thread since it's the "quarantine" section of this forum, plus, adam has the authority to delete anything since it is self-moderated. Just in case anyone is unaware.

I think all religions can take things to the extreme.  I have seen manipulation and guilt used so I agree in that.  But I do think that our society is "starving" our people by now avoiding teaching religion/Christianity at all.  Most people are Biblical illiterate.  They think they know what is in there but they never read it for themselves.  I think we should all study all religions.  We need to be knowledgeable about this instead of blindly just following whatever feels good to us for the moment.

Teaching any child about religion before the age of 16-18 (kind of arbitrary) is indoctrination and as such child abuse. The kid might never be able to recover as even otherwise intelligent people are often religious.

I would love to comment but I have been told to "shut up."

Do you know how hard that is to do?  I am a woman.   

Who told you to shut up?  GOD?

[Nightowlace]

Keep Calm Hodl Bitcoin