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

[fonzie]

Does anyone have some quality insight or analysis how the long-positions on finex are doing? Aren't we supposed to burn a few more of them in order to start a healthy recovery? How much do we need? I can't see any cascade, do you? :-/

We should go down to at least 10-15m$ USD swaps until we finally can say that the bitfinex bubble is no longer a problem!

[Dotto]

550 wont hodl we are going 61.8 fib@533, if we go below some ones are going to be f*cked

[minerpumpkin]

Quick jump back to $580, but no one is following. Not exactly a good indicator for a healthy or steady recovery! Let's dig some more, I guess....

[BitcoinMillionaire]

It's turning into a troll fest again.
Where do all these freaks hide when we aren't dropping?
Do they troll other forums?

They're just here for when the interesting stuff happens Man, isn't it a great thing that this thread has become no. 1 go-to place when some movement happens? Hehe!

[derpinheimer]

And the bottom is in! $570.50

[kireinaha]

WHATS HAPPENING!?!

[fonzie]

And the bottom is in! $570.50

Quoted for future reference! In ~ < 2h

[empowering]

WATCH IT!!!   http://youtu.be/LGXCCTymP7E Best Rally this week... (so far)  maybe somewhat relevant too  

(from this years commonwealth games)

Respect.

[i dig bitcoins]

Watch 'em scatter for the hills  Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.

The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it 

[ChartBuddy]

Explanation

[ShroomsKit]

Those people who dumped 100's of coins in that 575 wall must be shitting their pants now. Would be hilarious if we go back up.

[Krabby]

I just got burned on my stop loss order

[empowering]

http://bitcoinity.org/markets/huobi/CNY

[mmitech]

Watch 'em scatter for the hills   Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.

The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it  

where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?

[Miz4r]

Does anyone have some quality insight or analysis how the long-positions on finex are doing? Aren't we supposed to burn a few more of them in order to start a healthy recovery? How much do we need? I can't see any cascade, do you? :-/

We should go down to at least 10-15m$ USD swaps until we finally can say that the bitfinex bubble is no longer a problem!

Not gonna happen. Old positions get closed as the price goes down but the lower price also makes it more attractive for others to borrow USD and open up new positions.

[mmitech]

Those people who dumped 100's of coins in that 575 wall must be shitting their pants now. Would be hilarious if we go back up.

would be really hilarious if you for once stop being butt-hurt about people making decisions that works for them.

[JorgeStolfi]

There is no real reason to go down other than people's expections not happening.

That is almost certainly true -- but whose expectations? 

Some say that it was the "next bubble" predicted by exponential extrapolation, which did not happen when predicted, and instead the price broke out through the bottom of some channel that was supposed to contain it.

However, that explanation is not very convincing because the interval between bubbles has been quite variable, so no one should have expected the "next bubble" to happen in a particular month.   As for the channel breakout, that could be easily "fixed"  by redrawing the channel.

I still prefer my "Chinese" explanation.  Namely, the price went up in late May because some Chinese traders got advance info about the "offshore" branches of Huobi and OKCoin, and stocked on bitcoins expecting the price to shoot up when they opened.  The price is now dropping because the "offshore" exchanges finally opened, those traders were disappointed, and they are unloading their coins back on the Mainland exchanges.

[i dig bitcoins]

Watch 'em scatter for the hills   Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.

The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it  

where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?

Nah, been traveling and taking care of something called life...wife, kid, dog, in-laws you know, all that good shit. I didn't mean to come off as pissed or afraid (would have been better if said face to face).
I'm just really amused by the same song and dance performed every time the same music starts. I'm not relying on bitcoins for living as I'm financially well off. I guess I came off harsh...not intended really.
I'm just gruff in my ways I guess  

[empowering]

Watch 'em scatter for the hills   Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.

The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it  

where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?

Nah, been traveling and taking care of something called life...wife, kid, dog, in-laws you know, all that good shit. I didn't mean to come off as pissed or afraid (would have been better if said face to face).
I'm just really amused by the same song and dance performed every time the same music starts. I'm not relying on bitcoins for living as I'm financially well off. I guess I came off harsh...not intended really.
I'm just gruff in my ways I guess  

All I heard was a pretty relaxed and amusing comment- there are some people here that are just WAY to jumpy and react to every faint waft of fart as if they have just shit their pants in public.

[mmitech]

Watch 'em scatter for the hills   Kinda reminds me of quail hunting...
You get the dogs to shake em out of the bushes and when they scatter
those quails get slaughtered by me and my trusty shotgun "Rachel". By the
end of the day some fried quail in butter and herb sauce make for a great
meal...although spitting out buck shot ain't that great. Its fun to see these
amateurs get killed...if you can't hang with the big dogs stay on the porch.

The fundamentals of bitcoin has not changed an iota...why the f@#k are these
slack-jawed posers selling? Oh I see, to catch the bottom and buy from there...
ok superman, have at it  

where were you hiding all this time ? since 2011, just don't tell me you never sold ? this maybe the reason why you are pissed or afraid ?

Nah, been traveling and taking care of something called life...wife, kid, dog, in-laws you know, all that good shit. I didn't mean to come off as pissed or afraid (would have been better if said face to face).
I'm just really amused by the same song and dance performed every time the same music starts. I'm not relying on bitcoins for living as I'm financially well off. I guess I came off harsh...not intended really.
I'm just gruff in my ways I guess  

interesting, most of us here do have a wife, kids I personally don't have a dog, didnt ask you about that really, you know just saying...but this makes me think about the timing of your post! not only I have seen many members like you the last couple of weeks pop up of no where to tell people "it is ok" and "let the sheep burn".... but it is amazing how you do it