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

[BayAreaCoins]

Bitcoin is at $580s and you guys are worried....

I remember this shit getting to $100 again and being like "The moon...."

rofl quit yalls bitching.. We are headed sub 500's (but in a good way)

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[sidhujag]

Some pretty good arb on cavirtex still trading at $640 cad

[Davyd05]

looks like I was right about the wedge breaking into a bear. So I think we are headed to $350 to $400... cya there

i can't wait for that if its true, buyers delight.

[justusranvier]

but when we had all the great news rolling in lately, you would think we'd be going up.

The longest Bitcoin has ever gone between all time highs was 21 months - from the summer of 2011 until spring of 2013.

There was a lot of good news in 2012 too, with little-to-no price action.

We're only 7 months past an ATH now.

[sidhujag]

Within hours of the new poll, 4 ultra-bulls are already proven wrong. Hahaha

 i am 1 of 4

2 of 4.  

Oh well.  It really isn't that big of a "crash."  

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly.  

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

Hedge fund? So they hold bitcoins then offer to sell them or hedge
or investors or corporates? Hedge funds are usually on the opposite side of the trend.

[BitChick]

Within hours of the new poll, 4 ultra-bulls are already proven wrong. Hahaha

 i am 1 of 4

2 of 4.  

Oh well.  It really isn't that big of a "crash."  

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly.  

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

Hedge fund? So they hold bitcoins then offer to sell them or hedge
or investors or corporates? Hedge funds are usually on the opposite side of the trend.

They have to get coins from somewhere don't they? 

[N12]

2 of 4. 

Oh well.  It really isn't that big of a "crash." 

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly. 

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

I ask again as I asked the other time, is this fund exchange-traded?

Off the top of my head, I remember at least 3-4 non-ETF funds dedicated solely to Bitcoin. Why would this one be so special?

We even know the trading activity that SecondMarket has, and it is nothing special. In fact, it has been abysmal the past 2-3 months.

[sidhujag]

Within hours of the new poll, 4 ultra-bulls are already proven wrong. Hahaha

 i am 1 of 4

2 of 4.  

Oh well.  It really isn't that big of a "crash."  

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly.  

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

Hedge fund? So they hold bitcoins then offer to sell them or hedge
or investors or corporates? Hedge funds are usually on the opposite side of the trend.

They have to get coins from somewhere don't they? 

Might already have them but I already hinted at that in my post. I would like multiple funds opening which may affect speculative price.

[BitChick]

2 of 4.  

Oh well.  It really isn't that big of a "crash."  

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly.  

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

I ask again as I asked the other time, is this fund exchange-traded?

Off the top of my head, I remember at least 3-4 non-ETF funds dedicated solely to Bitcoin. Why would this one be so special?

Second Market has been a boost already.  This one reaches an entirely different market of buyers and perhaps even at a different scale.

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

[BayAreaCoins]

2 of 4.  

Oh well.  It really isn't that big of a "crash."  

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly.  

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

I ask again as I asked the other time, is this fund exchange-traded?

Off the top of my head, I remember at least 3-4 non-ETF funds dedicated solely to Bitcoin. Why would this one be so special?

Second Market has been a boost already.  This one reaches an entirely different market of buyers and perhaps even at a different scale.

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

Nothing worth buying on I don't believe.

[BitChick]

2 of 4. 

Oh well.  It really isn't that big of a "crash." 

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly. 

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

I ask again as I asked the other time, is this fund exchange-traded?

Off the top of my head, I remember at least 3-4 non-ETF funds dedicated solely to Bitcoin. Why would this one be so special?

We even know the trading activity that SecondMarket has, and it is nothing special. In fact, it has been abysmal the past 2-3 months.

Nothing worth buying on I don't believe.

A new way for millions of dollars to quickly and easily be invested in bitcoin is "nothing worth buying on?"  What is then???

[N12]

How many super-hyped "news" have we now passed that turned out to be nothing? First, the auction was supposed to be huge. Then, Dell was supposed to be huge. Well, I guess it did put a dell in the price, though not a huge one.

Second Market has been a boost already.  This one reaches an entirely different market of buyers and perhaps even at a different scale.

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

I've read the article. It seems to me like any other Bitcoin fund, SecondMarket, Panthera, the Malta fund.

In my view, the only thing that makes a real difference at this point is an ETF going live.

[ChartBuddy]

Explanation

[BitChick]

Within hours of the new poll, 4 ultra-bulls are already proven wrong. Hahaha

 i am 1 of 4

2 of 4.  

Oh well.  It really isn't that big of a "crash."  

I still don't get why people do not see the significance of a hedge fund opening this Friday.  That might change everything quickly.  

I would be panic buying based on that news alone.  Granted, I am "all in" so I have nothing more cash to throw in at this point.

Hedge fund? So they hold bitcoins then offer to sell them or hedge
or investors or corporates? Hedge funds are usually on the opposite side of the trend.

They have to get coins from somewhere don't they? 

Might already have them but I already hinted at that in my post. I would like multiple funds opening which may affect speculative price.

"Might" being the operative word there.  We don't know for sure, but even if they have a nice amount of coins, the demand might surpass the amount they have.  Even second market, which will be a much smaller scale then this fund, buys large quantities off the exchanges at times and it has boosted the price.  This is just the start of several funds like these opening.  I would think that just knowing we have an opening this Friday would cause the price to increase though because people do not know for sure where those coins are coming from of what number they already have.

[Dalmar]

[JayJuanGee]

but when we had all the great news rolling in lately, you would think we'd be going up.

The longest Bitcoin has ever gone between all time highs was 21 months - from the summer of 2011 until spring of 2013.

There was a lot of good news in 2012 too, with little-to-no price action.

We're only 7 months past an ATH now.

Another 14 months which should put us around October 2015.
Anything is possible with bitcoin.

Could be longer than 21 months, too, and I put the last ATH as 8 months ago, NOT 7... from late November to late July.

[BitChick]

How many super-hyped "news" have we now passed that turned out to be nothing? First, the auction was supposed to be huge. Then, Dell was supposed to be huge. Well, I guess it did put a dell in the price, though not a huge one.

Second Market has been a boost already.  This one reaches an entirely different market of buyers and perhaps even at a different scale.

http://www.coindesk.com/first-regulated-bitcoin-investment-fund-launch-island-jersey/

I've read the article. It seems to me like any other Bitcoin fund, SecondMarket, Panthera, the Malta fund.

In my view, the only thing that makes a real difference at this point is an ETF going live.

I read that they are going to be starting with $200M for the first 6 months and then they will ramp it up from there.

The other funds do not touch that investment amount.

[hyphymikey]

Bears errwhere

[alani123]

Some people are talking for a general downtrend at the end of each month, I'm not sure if that's a real thing or if they're bringing this up to change people mind from being bearish. To be honest I can't really spot such a thing in longterm charts. I don't feel like people are mass selling at the end of the month, it could be a whale dump again that caused the downfall.

[ShroomsKit]

looks like I was right about the wedge breaking into a bear. So I think we are headed to $350 to $400... cya there

i can't wait for that if its true, buyers delight.

Oh stop it man. You've had 5 years. There is absolutely nothing good about going down again. It shows that Bitcoin is failing. We simply shouldn't go down again anymore.