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

[amit123]

Quite a confusing fall.

and what hurts more is I don't have fiat in exchange to buy some cheap coins. BTW who got lucky buying @320$ ?

[derpinheimer]

Update on r/Bitcoin sentiment. 4/7 of the highest upvoted posts are about the price crash. People are scared. You know what time it is.

look at the first post "BTC-E Flash Crash to $327", the guy did use the 1m chart at Bitcoin wisdom.... I didn't know there are people who actually use the 1m chart...

Yes, also useful for checking out volume spikes where the price is stable

[Patel]

Lets add an appropriate soundtrack to this price doom. Lyrics fit the bear's situation so well.

http://youtu.be/DeumyOzKqgI?t=29s

[JorgeStolfi]

Ladies and Gentlemen, you have just watched /The May 2014 Bitcoin Bubble/, complete, performed by the Peking Opera Buffa Company.  Now back to our regular programming.

[Newbie1022]

Likely moving to retest.

[empowering]

wow... you have spent too much time on this thread Jorge...  you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.  

[Richy_T]

Looks like it's time to put the paper wallets in deep storage and go out and enjoy the sunshine.

F**k, it's overcast and stormy.

[JimboToronto]

more like a troll lunatic/Bitcointalk.org member/one of us than an academic  

The two are mutually exclusive? 

[Spaceman_Spiff]

I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.

[empowering]

more like a troll lunatic/Bitcointalk.org member/one of us than an academic  

The two are mutually exclusive?  

actually yeah as it goes you are right...I think the two may go hand in hand : )

[Patel]

The next ATH delayed until Jan/Feb

[JorgeStolfi]

wow... you have spent too much time on this thread Jorge...  you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.  

The language may be a failed attempt to be funny but the opinion is quite serious.  What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either.   Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could.  Now those people changed their minds, and dumped everything back.  So the price got back to where it was.  Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

[ChartBuddy]

Explanation

[mmitech]

I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.

ah don't worry, I think they will be filled and you will be sorry for not putting them lower.

[Spaceman_Spiff]

wow... you have spent too much time on this thread Jorge...  you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.  

The language may be a failed attempt to be funny but the opinion is quite serious.  What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either.   Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could.  Now those people changed their minds, and dumped everything back.  So the price got back to where it was.  Is its so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

A possible explanation: a lot of not so steady hands thought "bottom was in, now lets go in for TO DA MOON $10k by end of the year".
Then it turned out that bitcoin doesn't magically give instant riches as quickly as they wanted it to (not enough new buyers yet at higher prices), and then they got fearful when it started going down again.

[Spaceman_Spiff]

I think we might have seen the worst. Too bad because I had orders around $430 that didn't get filled.

ah don't worry, I think they will be filled and you will be sorry for not putting them lower.

Could very well be.  I have lower bids as well , so keep it coming  .

[mmitech]

wow... you have spent too much time on this thread Jorge...  you are sounding more and more like a troll lunatic/Bitcointalk.org member/one of us than an academic that anyone would take seriously, shame for you.  

The language may be a failed attempt to be funny but the opinion is quite serious.  What we saw since May/20 was a sudden rise from ~440$ to ~640 that no one can (or wants to) explain, then seven weeks of wandering around 600$, then a sudden drop back to ~470, that no one can (or wants to) explain either.   Why is it absurd to consider all that as a single event?

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could.  Now those people changed their minds, and dumped everything back.  So the price got back to where it was.  Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

here is a good explanation for that one: "Dell adding Bitcoin" buy the rumors and sell the news, some insiders already knew this was happening so they bought thinking the price will skyrocket when the news is out and they got caught with disappointment when this didn't happen.... what follow next is the market doing its thing.

[Schickeria]

I have proposed a partial explanation: starting May/20, a few people got wind of something that made them buy all they could.  Now those people changed their minds, and dumped everything back.  So the price got back to where it was.  Is this so much sillier than the narwhals(*) that people have been discussing here?

(*) a large sea mammal reputed to be a cross between a whale and a unicorn.

That's how I see it, too.

If manipulation is: Clever players making money with bullish overexcitement, then it's heavy manipulated. Agreed. Business as usual, on all markets, not only bitcoin.

[ibrahim11]

A user on here posted on reddit that he got btc on btc-e for $350!

[Blue]

guys i shorted @ $462

that means within the next 48h ~$500 will be breached...

and I will literally lose my shorts or eat them.