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

[omgbossis21]

Sigh, wake up to a lower price.

[BitChick]

Sigh, wake up to a lower price.

The price right now is better than the price I woke up to at least.   It was about $485 USD this morning here.

[macsga]

HODL!!!!!!!1

PS:
CCMF imminent.

[mmitech]

the chart above is bearish more than bullish, only $25M on Bids? and not everyone leaves their BTC sitting on exchanges for long time, especially after the Gox Fiasco... usually when the price goes up a bit orders start building. 

[InstantBitcoin]

I also have some respect for Risto, but i'm asking myself why did he waste 1 million euros (or 600k not sure of the figure) over a castle when he is so certain of bitcoin exponential trendline..


Maybe he is the Guru of the Utlra-bulls Cult

he's on to pumping shitcoins like xmr~ just any other wise player in the bitcoin game...lol ~ look it up     ez

Says the 30% premined coin pusher with mutlilple socks

^the dogs ate my socks!      wwooof!

[ChartBuddy]

Explanation

[hyphymikey]

So bitfinex dropped to $451 yesterday, but 10K btc in bids have filled in since? 

Also, I had a couple positions that should have closed at $460 and did not. Not that I'm complaining lol.

Strange.

[Post-Cosmic]

Well done idiots. Another crash. Is everybody happy now or what? 90 dollars wasn't enough yet? Till what point do we have to crash for people to say ok this is enough?

But that's not where we are going.
Bitcoin is over. It is dead. You still don't get it? Everyone is getting out.

I know you're just trolling, but there's only two days between the two posts. Some consistency, maybe?

 Lol. His spirit got sooo terribly demolished by the depraved zero-integrity flagrant book-talking bear/bull trolls around this community that he just gave in at the end and simply does exactly as they do, since then xD

 Poor birddoggie.

[zby]

Nearly every top thread is about crash.

Divergencies in MACD and RSI in hourly Bitstamp charts.

Looks like time to bounce back!

[Post-Cosmic]

Don't tell me you guys forgot that Friday is dump day.

To anyone who still doubts my powers, I called this literally five minutes before the massive dump on bitstamp.

Don't listen to false prophets like Risto. If you don't want to wind up in the soup line this year, listen to guys like me and falllllling.

 But what's gonna happen when it truly goes into rocket-train-mode one day..? Will you start posting bullish predictions..? Or still stay bear and risk losing credibility as the corrections/downsides during the rise keep getting vastly outweighed by the upsurges..? xD

( Btw, Of course I believe we can test 445-470's again, I'm not delusional about that at all..'Finex, Stamp & Huobi price action & books clearly illustrate this as very plausible ;p )

[fonzie]

the chart above is bearish more than bullish, only $25M on Bids? and not everyone leaves their BTC sitting on exchanges for long time, especially after the Gox Fiasco... usually when the price goes up a bit orders start building.  

I´m not preaching a new ATH in the next weeks or taking out 800$, but a massive bounce back upwards (at least 50$) is knocking at the door with fists of iron!

[thefunkybits]

540 incoming!

green dildos commence.

[ibrahim11]

Wow... my bank fucking temporarily suspended my online account and declined my payment for 2btc. WTF

[ssmc2]

Wow... my bank fucking temporarily suspended my online account and declined my payment for 2btc. WTF

Who do you bank with?

[ibrahim11]

540 incoming!

green dildos commence.

Where? What I see is $503-$505

 

I hope the price doesn't go up for at least a few more days because i need to buy some coins

[ibrahim11]

Wow... my bank fucking temporarily suspended my online account and declined my payment for 2btc. WTF

Who do you bank with?

TSB (UK)

[Newbie1022]

Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.

At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?

[fonzie]

Gang, I must admit that I am a bit confused at this point. We broke the $505 resistance mark on Bitstamp which is very bullish, but we only did it for a very short period and only slightly. In the meantime, China has not emerged past their key resistance points. Thus, there are contradicting indicators.

At the same time, we broke $505, right? This really should be the end of the storm. I want thoughts from people in response. Not frantic words of BUY BUY BUY or SELL SELL SELL... just thoughts. What are you all seeing (with details)?

I have witnessed 10000´s of coins getting sold from small fishes, which leads me to the conclusion that millions of $ are on the sidelines right now, however the ask side remains shallow, which means that a lot of those bid orders that got filled do not have plans to sell for a quick profit but more likely have been accumulated long-term. If the small fishes want to buy back their coins on the way up, which most of them probably want, they have to fight each other quick because there is a scarcity of coins right now on the way to 600$.

[JayJuanGee]

Btw, are you guys aware that here in Philippines, Bitcoin can now be used to pay our bills through a certain company? Credit card bills, Electricity bills, Water bills, Internet etc. And the gov't doesn't give a fck at all. I don't even know if they are aware of Bitcoin.

How much are the administrative / transaction fees for such?  A certain percentage?

[JayJuanGee]

I think that this will be the last chance to get coins at < $500!    

but you always think that is the last chance, nothing new. let me guess this time you really feel it ?

One of these days I will be right.  Then I can say "I told you so."  Women love doing that. 

I love doing that as well, in fact soon I will tell you that 

Alrighty then.  We will see who has bragging rights.   

I know it is not your opinion, it is what Risto filled in your mind, you don't have an opinion of your own like many here.... you will now tell me that you really do, but if we isolate you from the forum for a month and ask you the same question you will have no idea...

I could not have said this better myself. To often people hear something from one person, latch on and hold it as gospel. Think for yourself people. Do your own research. The reason why we as a society are so controlled by our governments is because people don't think for themselves, they don't stand for what they believe in.

But what if a person knows that they are not wise when it comes to investments?  Shouldn't they get advice from someone who is successful?

It seems foolish to not learn from those that are good at something.  Just sayin.

Bitchick:   What is the approximate average price per BTC of yours and/or your husband's holdings, if you do NOT mind me asking?  You indicated that you got started in about early to mid 2013 and you have continue to buy as your cash comes in. 

My average cost per BTC is about $610, including transactional fees.. I made a few mistakes, in getting too excited a few times with some of my cash to buy more BTC when I should have waited a little bit... but anyhow, I am NOT worried atm about my average cost per btc or my holdings or the future success of BTC, yet I understand that the behavior of people will change in fairly drastic ways depending upon how far they are in the red or black and whether or NOT they are sufficiently diversified in other investments and whether or NOT they are leveraged or over-extended in any significant ways...

Our first coins were purchased right before the run at about $50 but unfortunately we did not buy much.  We were just dabbling in it for the "fun of it" and risked very little.  This was only a week or two before the crazy rally in April.  We were shocked at how fast the price increase and our only regret then was not buying more sooner!    

But now we are well over our $50 average at about $200 or so because we had some extra cash to throw in this year.  Thankfully we are in the black though.   It is still painful to sell any coins knowing we paid more for them at one point or another!      There is always the "would have, should have and could have" thoughts going on in our minds.  I think this happens no matter what the entry point is, unless someone just lucked out and bought all their coins at a point in which the price took off to never return again.

Thanks for your explanation. 

There are a variety of ways to engage in accounting.... and yes, I agree with the inference of your response that it would be better to wait sufficiently long before selling any coins until each of them is worth more than the price of any one of them that you bought.  To ensure that, then you would have to make sure that you are NOT at all over extended and can hold a sufficiently long period of time.

NONETHELESS, for my personal accounting and psychological considerations, I prefer to think about my average price per btc (including transactional costs) in calculating whether I am ahead or behind and for the sake of whether I made or lost money at the time of any sale, if I were to need to perform any sale.  Actually, since i have been in the red for a large amount of the time for my BTC holding history, whenever I had made any transaction with bitcoin such as a sale (in order to purchase some kind of goods or services), I replace my BTC right away with at least the equivalent amount.. that way the sale is purely for the purpose of transacting.