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

[ChartBuddy]

Explanation

[esse83]

 

...and that dream of living in a van down by the river can be yours!

[magicmexican]

Will we see a classic vertical panicky bottom with a rebound or will it slowly grind up again?

[barbs]

5.6 Million USD in bids to 50$ on bitstamp

:-O

[fonzie]

5.6 Million USD in bids to 50$ on bitstamp

:-O

Bullish!

[seljo]

5.6 Million USD in bids to 50$ on bitstamp

:-O

Everybody wants cheap coins... at least they can hope for...

[barbs]

Blame Karplese
Blame Karpelese
Mtgox wasn't a real exchange anyway

[Wandererfromthenorth]

 

...and that dream of living in a van down by the river can be yours!

pretty much lol

[empowering]

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!!!!!!!!!!!!!

+1

anyone that has traded anything other than BTC in the past will not be surprised... stop hunters hunting stops...  said it before and I will say it again... leverage/margin is evil.

[fonzie]

[iram3130]

Will we see a classic vertical panicky bottom with a rebound or will it slowly grind up again?

Don't know, how much panick bottom we will see.
But I am little worry now, price move down to below 520.
Now I have to wait so much for selling my coins.

[ChartBuddy]

Explanation

[wachtwoord]

Will we see a classic vertical panicky bottom with a rebound or will it slowly grind up again?

Don't know, how much panick bottom we will see.
But I am little worry now, price move down to below 520.
Now I have to wait so much for selling my coins.

Why do you wish to sell your coins?

[rpietila]

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.

Sometimes you feel good, sometimes you feel bad. But your sentiment does not change the revolution in technology. It is steaming on relentlessly regardless of your feeling.

Let's say that flying has just been invented. The first aeroplanes are taking passengers. Then routes are established. 1920s, 1930s see a great growth. Would you say after a regulatory setback or something that, "this flying is overrated and will become a dwindling niche". Then - I know this is not the case with flight, but it is with Bitcoin - you would decide to sell your 1/21,000,000 share(s) of everything related to aviation at a pittance. If only 100 planes existed in the world, and they are small, 210k bitcoins would buy you one plane. Sell and be happy.

Meanwhile the ones who realize what is at stake, a revolution in tech, either happening or not, would buy your shares, and wait until the real value of one share is much higher. Because you cannot uninvent it, it is actually an easy bet for a patient and shrewd investor.

[iram3130]

Will we see a classic vertical panicky bottom with a rebound or will it slowly grind up again?

Don't know, how much panick bottom we will see.
But I am little worry now, price move down to below 520.
Now I have to wait so much for selling my coins.

Why do you wish to sell your coins?

Not all, but I need money for my spending, I invested mostly money on coins.
So now waiting for atleast breakeven for selling some coins.

[Jesus Christ]

Doesn't matter, I'm selling now. Time to get out fellas.

Should I say it now or come back later to say "I told you so"?

I think I'll come back later, this is too much fun.

[kehtolo]

it is actually an easy bet for a patient and shrewd investor.

Wow. Patient AND Shrewd. Not exactly your common visitor to these boards.

[dakota neat]

Be nice and polite to bitcoin and it will rise again. Where's all the spirit gone?

[Torque]

Drops like this are difficult for me.  I've been planning to buy more for weeks.  But every time I've bought in the past, it drops the next day.  So I'm like a kid that has touched a hot stove one too many times, finally learning that a hot stove is indeed hot and not wanting to get burned again....

[JorgeStolfi]

Let's say that flying has just been invented.

... and a bunch of mechanics nerds build hundreds of copies of the Wright Bros' first flying plane and start selling them as a fabulous long-term investment, because they are obviously much better than horses, and in the future horse owners will surely pay a fortune for them ...