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

[ChartBuddy]

Explanation

[BuildTheFuture]

It does look like there's been a Bitfinex dump right at this 30 min candle time each day for the past 4 days. edit: more like 7 days straight with a red 30 minute candle at this time each day.

[adamstgBit]

I am wondering whether it is time to buy or not. No sleep for me, I guess.

i guess a good night sleep isn't very valuable to you?

most common rookie bitcoiner mistake.

set an order and get some sleep...

yeah, after being sleep deprived and feeling deranged, i don't think you'd be in the best situation to make the right call.

Thanks for your concern.   I would buy some BTC straight away as I was about to for some time if it wasn't for this "will it fall terribly low or go up?" situation, really. I'm not afraid of fluctuations, but when people say the price may fall to 500$ it may be better for me to wait for a while...

This BTC investment matter does NOT need to be all or NOTHING, and really it remains quite risky to attempt to predict the market exactly.

Let's say that you have $1,000 that you want to invest in BTC;however, you are worried about whether the price will go down to $500.  Well, why don't you use approximately half of the $1,000 ($500), and buy some BTC now?  If the price goes down to $500, then you can use the other $500 or at that point you may have more to invest.  or if at that point you believe it is going down some more, then buy another $250 and wait to see if BTC prices go down more.

It is generally less safe to attempt to time the market and attempt to bet all or NOTHING b/c inevitably it remains difficult to predict.

I just didn't wanted to wake up with knowledge that I could have waited one day and buy for a better price. It's hard to argue with your logic, though. I will follow your advice. Cheers.

He's telling you to catch a falling knife.  LOL.   Bad advice

thats not what hes saying

hes saying, realize you are not a god and there for cannot predict price movement, so dont try, just have a plan should it go lower.

[adamstgBit]

guys I think i found the next Alt thats going to get pumped beyond belief


https://www.ethereum.org/

your wellcome.

[BayAreaCoins]

I think we are headed south of $500 over the next month or weeks.

With selling pressure from new companies that accept BTC.

Bearish

You do know that there is a fund opening this week on August 1st?  http://www.globaladvisors.co.uk/

I highly doubt we are going south.  

Eh I don't think I would buy on that "news", but I can promise you that Dell/Overstock ect are selling the majority of the coins they earn.

I think the sellers will exceed the buyers for a little bit is all. No biggie for BTC long term.

[JorgeStolfi]

[ ANOTHER CHARITABLE CONTRIBUTION TO THE PAGE COUNT ]

I am thinking of starting a Wall Observer Backed Investment Thread (WOBIT).

Each post on the WOBIT thread will be guaranteed to be a quote of 1/10 of the text of some post in this thread.  Posts to WOBIT will be illiquid; authors will not be able to delete them for the first six months, and cannot be re-quoted by other users  except by special authorization of the WOBIT managing moderator.

Only accredited posters will be allowed at first, but there are plans for Q4/2014 to create an exchange where WOBIT posts can be openly traded for ChartBuddy plots or dinosaur images.

[Davyd05]

hes saying, realize you are not a god and there for cannot predict price movement, so dont try, just have a plan should it go lower.

A plan is having a stop loss.   Not keep buying as the price falls.   Thats the worse advice to give someone.  

uh this is bitcoin

588 eh

[Bitcoin_is_here_to_stay]

Why is this sudden dump?

[derpinheimer]

No buyers. Sub $500 likely.

[JayJuanGee]

This thread speculation is fun. It helps to demonstrate how absurd it is to speculate with unreasonable degrees of certainty anyway.

Stupid mods manipulating the thread count.

I expect blitz is trying to send us the message that "no one buys the 'above 7776' lie any more."

I doubt that the deletion of posts is coming from mods... it is coming from individuals (children) who are engaging in a concerted effort of solidarity to keep the post count down.  However, they can be successful for only so long... sooner or later, they will have NO more posts to delete, and then the inevitable 7777 comes and is surpassed.

[aminorex]

guys I think i found the next Alt thats going to get pumped beyond belief


https://www.ethereum.org/

your wellcome.

Ethereum sale is a sad occasion for the suckers who buy the vapor, but it's a boost for BTC.  You can't buy ETH without first getting BTC.

[spooderman]

Moar dumpage 7777 seeming increasingly unlikely

[JayJuanGee]

I am wondering whether it is time to buy or not. No sleep for me, I guess.

i guess a good night sleep isn't very valuable to you?

most common rookie bitcoiner mistake.

set an order and get some sleep...

yeah, after being sleep deprived and feeling deranged, i don't think you'd be in the best situation to make the right call.

Thanks for your concern.   I would buy some BTC straight away as I was about to for some time if it wasn't for this "will it fall terribly low or go up?" situation, really. I'm not afraid of fluctuations, but when people say the price may fall to 500$ it may be better for me to wait for a while...

This BTC investment matter does NOT need to be all or NOTHING, and really it remains quite risky to attempt to predict the market exactly.

Let's say that you have $1,000 that you want to invest in BTC;however, you are worried about whether the price will go down to $500.  Well, why don't you use approximately half of the $1,000 ($500), and buy some BTC now?  If the price goes down to $500, then you can use the other $500 or at that point you may have more to invest.  or if at that point you believe it is going down some more, then buy another $250 and wait to see if BTC prices go down more.

It is generally less safe to attempt to time the market and attempt to bet all or NOTHING b/c inevitably it remains difficult to predict.

I just didn't wanted to wake up with knowledge that I could have waited one day and buy for a better price. It's hard to argue with your logic, though. I will follow your advice. Cheers.

He's telling you to catch a falling knife.  LOL.   Bad advice

I don't think so.  If you believe in the fundamentals, then you believe that ultimately the price is going to go up.  Each investor has to come to their own conclusions regarding what they believe based on the information that they have at their disposal.. and sometimes there are leaps of faith involved in such beliefs.

[JorgeStolfi]

Why is this sudden dump?

Apparently it started in China, several minutes before Bitstamp/Bitfinex.

The bitcoin press should be trying to understand and report on the situation in China.  Are the Huobi and OKCoin.CN clients migrating to the new offshore sites BitVC and OKCoin.COM?  Is BitVC going to trade in USD too, or only in CNY? (Or is that CNH?) Is OKCoin.COM going to be competitive to Bitstamp etc?  And so on...

Reporting on bitcoin without looking at China is like reporting on casinos without considering Las Vegas...

[kodtycoon]

this is getting depressing.. when looking at the charts stochRSI macd bla bla it looks freaky as it did before the nov bubble.. is there some major reason that says the same thing wont happen as last time?

[byronbb]

[adamstgBit]

Adam how about a beer giveaway again? I send you the bits and you post funny pictures with QR codes in them. I'm too drunk/retarded to do that  

Hmm. I wonder if I could extend Chartbuddy a little... Beerbuddy?

dont bother, its less fun if a bot hands out the beers

the beer give away is coming... there will be a shit tone of beer given away... the idea will be to get you guys super drunk as I dump my coins on an inflated price, so i'm waiting for some momentum to build and a few spikes up b4 i start getting you all drunk. mmmk  

SOON

[adamstgBit]

HOLY SHIT

588.8

WTF!

[derpinheimer]

Why is this sudden dump?

Apparently it started in China, several minutes before Bitstamp/Bitfinex.

The bitcoin press should be trying to understand and report on the situation in China.  Are the Huobi and OKCoin.CN clients migrating to the new offshore sites BitVC and OKCoin.COM?  Is BitVC going to trade in USD too, or only in CNY? (Or is that CNH?) Is OKCoin.COM going to be competitive to Bitstamp etc?  And so on...

Reporting on bitcoin without looking at China is like reporting on casinos without considering Las Vegas...

Hm? Dump started on BFX

People selling because a rally isnt coming.

1. No more Willy bot.
2. No buyers
3. No more good news can come out. Bitcoin is mainstream now and still no one cares.

Its all waiting on ETF now.

[SFHere]

is there some major reason that says the same thing wont happen as last time?

good news. More good news will undoubtedly drop the price