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

[wingsfan23]

Whelp, time to load my BFX account up again with every coin I've ever earned, go max leverage long again, and make my easy million. This margin doesn't run.

[DutchTrades]

Under 500 would be really messy

[JayJuanGee]

I didn't think we would see this last bear trap before the next bubble.

"before the next bubble"

...



...sorry, no more bubbles in bitcoin. just a slow bleed down back to where we started

It's amazing how delusional they are. They talk about the next bubble as if it's guaranteed to come. It simply isn't. We've been going down for 9 months. Now we're simply at the point the smart people understand there simplu won't be another bubble anymore. They're pulling out. We will go down very fast coming few weeks.

It's over. I'm already investing in other and better things.

How are those "cheap coins" at 560 doing for you guys?

Bye, Bye... I am so sad that you are leaving and going to invest in other things... Alright, well good luck.. it was nice to know you... and Ciao.... Don't come back now.... bye.. 

[Krabby]

What happens when the Americans (and adam) wake up?

[Tzupy]

What happens when the Americans (and adam) wake up?

I was thinking the same, Adam will have a shitty morning after seeing this. I wonder if / when he'll turn bear...

[alexeft]

What happens when the Americans (and adam) wake up?

They buy the whole place up!!!  

[alexeft]

Ok, here's the next step for bitfinex. They all go into leveraged shorts, in which case the price goes up, the get margin called and the price shoots to the moon!!!!


Wheeeeeeeeeee!!!!!!!!!!!!!

[magicmexican]

Its really weird seeing price like this and not having to read "fuck you china!, sick of this shit!" or some poorly-translated fud about pBoC.

Every crash so far linked to something - china, auctions, mtgox, etc. But now its kinda boring, who is the villain this time?

[ChartBuddy]

Explanation

[JayJuanGee]

fonsie, are you a paid shill? did some whale pay you to hold the sentiment high in here while he is slowly unloading his bags, shame on you!

Thou shall not scam!

No moron, I'm not a paid shill. But what do I care what a low life like you thinks.

Classic!!!!!    The "s" versus the "z"         

[Sandia]

C'mon, Bitfinex, my orders are ready!  One more spike down, please?

[N12]

C'mon, Bitfinex, my orders are ready!  One more spike down, please?

Unlikely, it will probably move in tandem with the rest of the market now unless/until things go down south again hard enough quickly enough.

[fonzie]

Time to buy! (Short term)

[rpietila]

Still expecting 440. I needed to buy in to buy stuff but with this going on I'm waiting.

Anyone have any solid news on why? Is it just day traders leaving because no money to make here?

Draw a few trend lines on bitcoinwisdom and you'll see the big dumps are aimed at breaking through them so its fairly obvious where they're coming from. Its been going on for some time, the days destroyed movements suggest they where either involved from 2009 or bough large amounts of coins from people who where. The intent is to either crush bitcoin or take it over and the coin movements suggest the latter, that they're trying to take over mining by forcing competing miners out (new hashing algorithm anyone ). The dumps coming now as well as trading on other markets (forex + others) suggests funds are being pulled in to prop up US markets as they're close to the edge and Argentina's default could push them over, good for us as it leaves them in a weak position.  

You can so easily hedge against that outcome. Just buy same amount of Monero as you have Bitcoin (same number fo coins). No matter which one survives, you have retained your wealth as percentage of the total.

Btw. 471 is one strong fibo line so it might not make sense to sell around that price where you should be buying.

[falllling]

Still expecting 440. I needed to buy in to buy stuff but with this going on I'm waiting.

Anyone have any solid news on why? Is it just day traders leaving because no money to make here?

Draw a few trend lines on bitcoinwisdom and you'll see the big dumps are aimed at breaking through them so its fairly obvious where they're coming from. Its been going on for some time, the days destroyed movements suggest they where either involved from 2009 or bough large amounts of coins from people who where. The intent is to either crush bitcoin or take it over and the coin movements suggest the latter, that they're trying to take over mining by forcing competing miners out (new hashing algorithm anyone ). The dumps coming now as well as trading on other markets (forex + others) suggests funds are being pulled in to prop up US markets as they're close to the edge and Argentina's default could push them over, good for us as it leaves them in a weak position.  

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

[Digigami]

I think if I was going to try and play this, my very inexperienced analysis is telling me 450usd would be about where I'd want to start buying. No idea on what my sell target would be though.

I could just be an optimist but for some reason I think this could be the last run down until we see some bullish momentum again. Anyone else thinking the same or you think the bears will have their way for a while yet?

[fonsie]

Still expecting 440. I needed to buy in to buy stuff but with this going on I'm waiting.

Anyone have any solid news on why? Is it just day traders leaving because no money to make here?

Draw a few trend lines on bitcoinwisdom and you'll see the big dumps are aimed at breaking through them so its fairly obvious where they're coming from. Its been going on for some time, the days destroyed movements suggest they where either involved from 2009 or bough large amounts of coins from people who where. The intent is to either crush bitcoin or take it over and the coin movements suggest the latter, that they're trying to take over mining by forcing competing miners out (new hashing algorithm anyone ). The dumps coming now as well as trading on other markets (forex + others) suggests funds are being pulled in to prop up US markets as they're close to the edge and Argentina's default could push them over, good for us as it leaves them in a weak position.  

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

I'm calling it the "cut loose goose-bot" instead of fallling

[Hunyadi]

Still expecting 440. I needed to buy in to buy stuff but with this going on I'm waiting.

Anyone have any solid news on why? Is it just day traders leaving because no money to make here?

Draw a few trend lines on bitcoinwisdom and you'll see the big dumps are aimed at breaking through them so its fairly obvious where they're coming from. Its been going on for some time, the days destroyed movements suggest they where either involved from 2009 or bough large amounts of coins from people who where. The intent is to either crush bitcoin or take it over and the coin movements suggest the latter, that they're trying to take over mining by forcing competing miners out (new hashing algorithm anyone ). The dumps coming now as well as trading on other markets (forex + others) suggests funds are being pulled in to prop up US markets as they're close to the edge and Argentina's default could push them over, good for us as it leaves them in a weak position.  

You can so easily hedge against that outcome. Just buy same amount of Monero as you have Bitcoin (same number fo coins). No matter which one survives, you have retained your wealth as percentage of the total.

Btw. 471 is one strong fibo line so it might not make sense to sell around that price where you should be buying.

Monero Castle:

[rpietila]

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

[fonsie]

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

Risto, you are my hero... Concerning the castle, you probably know, I wouldn't have bought it, but that has perhaps more to do with my taste for modern architecture...

Not sure yet about your Monero pumping, but your posts makes those trolls speachless in a second.