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

[bassclef]

I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.

You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.

People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.

Shhhh no tears.

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[WillyBTC]

I just sold whatever i had left. It's clear, Bitcoin is dead.
It failed. This year was make or brake. It broke. People lost interest. Everyone is getting out.

You have to be delusional to think the price will go up suddenly again.
Face it, this is the 5th or 6th year already. This is the time where it was supposed to happen and it simply failed.

People aren't gonna be suddenly interested again in 2 months again.
It's over. There is one way this will go and it isn't up.

Shhhh no tears.

Whoa. ShroomsKit sold? Everything? I thought that guy was the type to bagHODL forever. If some more regulars go super bear around here, I'm gonna go all in, contrarian style.

[viboracecata]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

[LMGTFY]

-10% in three days is a violent crash that no cryptocurrency has ever survived.

Meh. BTC has fallen further in one day before now. 12 June 2014, 10 April, 27 March, 18 December 2013 (opened at 675USD, closed at 520 ZOMG!!!1!), 16 December... Hyperbole, much?

[edwardspitz]

I think 555 support will hold and bears will need to dump it all if they want to take out support on Stamp. I just woke up and bought at 555.55, so I'm pretty chuffed

[mooncake]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

Whales trying to milk weak hands dry. But the cow has no more milk! As soon as they realise this, they will have no choice but to buy back.

[Davyd05]

I think 555 support will hold and bears will need to dump it all if they want to take out support on Stamp. I just woke up and bought at 555.55, so I'm pretty chuffed

gonna be a 555 ish double bottom if new waves of dumping don't occur

[ShroomsKit]

Bitcoin is not dead, it is just being manipulated before the moon mission.

Get the oportunity to grab some really cheap coins

Cheap coins. People have been saying that every time we dropped since 1200. So far everybody who bought "cheap coins" lost money.

[ShroomsKit]

I think 555 support will hold and bears will need to dump it all if they want to take out support on Stamp. I just woke up and bought at 555.55, so I'm pretty chuffed

Lets see how chuffed you are when we break 540.

[CEG5952]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

[jaberwock]

Bitcoin is not dead, it is just being manipulated before the moon mission.

Get the oportunity to grab some really cheap coins

Cheap coins. People have been saying that every time we dropped since 1200. So far everybody who bought "cheap coins" lost money.

At this moment if will buy around 250 BTC, price will go to up around 2%, but if you sell 250 BTC, price won't fall more than 0.12%.

Seems at least short time will be easier see a small recovery than a break to test the 550's

[falllling]

Bitcoin is not dead, it is just being manipulated before the moon mission.

Get the oportunity to grab some really cheap coins

Cheap coins. People have been saying that every time we dropped since 1200. So far everybody who bought "cheap coins" lost money.

correct, there is no "cheap" coins, coins will be cheaper and cheaper and hit $0

[Searing]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

http://en.wikipedia.org/wiki/Diffusion_of_innovations


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

[kurious]

Gotta love the smell of panic in the morning.

Capitulation?  No.  Dip..?  Yep.

'The end'?  Oh please, get a grip!

Buying - looking nice and cheap to me.  Accumulation is the game, play it.  The big money is.

[ShroomsKit]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

http://en.wikipedia.org/wiki/Diffusion_of_innovations


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

What makes you think next year people suddenly will start buying?
It failed. Bitcoin failed. Things that fail don't suddenly get big a year later.

[ShroomsKit]

Gotta love the smell of panic in the morning.

Capitulation?  No.  Dip..?  Yep.

'The end'?  Oh please, get a grip!

Buying - looking nice and cheap to me.  Accumulation is the game, play it.  The big money is.

The big money is getting out. As 8 months of getting lower is showing us.

[porcupine87]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

http://en.wikipedia.org/wiki/Diffusion_of_innovations


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

jep. In my opinion Bitcoin is overvalued at this stage. Noone is really using it and thee use is not really increasing. On the one hand it is to complicated for people, on the other they don't see an advantage and they are risk avers.

The price is relativly stable because Bitcoin made this big price jumps in the past - out of nowhere. Me two. Yes, the price can go to zero, but it can also 10fold.
Even if PayPal finally implements Bitcoin, this could only cause a short hype.


But this is not the fault of Bitcoin. It is a great technology. But it is very difficulty to get people into a new currency with no intrinsic value or a sophisticated company behind it.

PS: Also Bitcoin was a hedge against the USD/EUR. And they seem to do surprisingly good - what is a good thing. Central banks rock

[Argwai96]

Gotta love the smell of panic in the morning.

Capitulation?  No.  Dip..?  Yep.

'The end'?  Oh please, get a grip!

Buying - looking nice and cheap to me.  Accumulation is the game, play it.  The big money is.

Fair enough. This is the best level to accumulate at, though? I could see it as a good long term play. But Huobi is bear flagging as we speak, and we are simply pausing on a major support, not even bouncing after a first wave down. I'd think we're at least going to the next support level.... 520-530. But very possibly 400s.

[rebuilder]

Also, to stay with your "coin laundering" example, why would there need to be *more* wallets as time progresses (unless adoption by criminals also increases)?

Because the wallets used would be disposable, single-use. I'm assuming a launderer savvy and paranoid enough to use anonymizers of one kind or another to connect to the wallet provider. They'd want to avoid reusing wallets to lower the risk of correllation analysis blowing their operation. Each transaction would therefore involve creating at least two new wallets.

Now, an automated system for something like this would probably stand out  other users, at least in sufficient volume. I don't know to what extent this is happening, but I do believe it is being done - it just makes sense. My point is, with activities requiring the constant creation of new wallets, you'd expect the number of wallets to keep rising even if the number of users did not increase.  Rate of change may be a more interesting statistic to look at.

[Searing]

Who can get me clear what caused this such panic, only leverages? Absolutely the answer will be no

No, simply no buy pressure to be found. No bulls to fuel a bounce. I'm starting to think we really need a good plunge, into the $400s perhaps, to provide momentum for a strong rally. Bulls are nowhere to be found -- except those holding from higher up.

obvious ...people are not using btc....are holding ...no one new is flocking to bitcoin in the numbers we need vs the folks holding

we could be sitting on this kinda flat/slow fall till next year...

problem with that is consumer mining seems to be drying up as we speak w/o miners as 'cheerleaders' for bitcoin ..as such dries up...just a bunch
of geeks holding coin...that thru FUD and other means press/gov't will make out as fraud ridden...thus less newbies...a world wide 'assasination of
reptutation by the 'vested intrests" world wide.....like China is trying to do with bitcoin etc

this could be long/hard and dismal ..and the more uncertain it becomes and price goes down the less likely them 'institutional investors' will jump in

frigging 'dead cat bounce'

http://deadcatbounce.weebly.com/what-is-a-dead-cat-bounce.html

vs

diffusion of inonvation (acceptance)

http://en.wikipedia.org/wiki/Diffusion_of_innovations


well I'm in it for the long haul..if  BTC goes to $10 so be it.....ride the puppy down in flames....(drank the kool aid don't ya know hard to be us 'pod people')
myself if it stays above $150 usd I'm OK ...below that I'm toast...(pick your own USD oops moment)

Searing

What makes you think next year people suddenly will start buying?
It failed. Bitcoin failed. Things that fail don't suddenly get big a year later.

well how many times has BTC tanked and come back (oldsters on here?) 5x 6x ..

I don't count it out..but if I'm looking at best it going sideways and at worst it finding a level in $$ below my comfort zone...into next year....well.....damn it
...guess I need a hug.....nightmares!

and you could be right I sure don't know what the hell I'm talking about off this thread...why should bitcointalk be any different!

Searing