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

[mah87]

the FUD is thick today. peoples resolve is being tested. i don't feel Bitcoin with a Capital "B" is at all in jeopardy, which is some comfort... HODL!

Adam it's time to face the truth. I was right and the bubble is slowly going down.

First step: admit your mistake
Second step: buy some XRP.

[empowering]

the FUD is thick today. peoples resolve is being tested. i don't feel Bitcoin with a Capital "B" is at all in jeopardy, which is some comfort... HODL!

Adam it's time to face the truth. I was right and the bubble is slowly going down.

First step: admit your mistake
Second step: buy some XRP.

Why would you want to buy xrp?

[FattyMcButterpants]

I still don't get this dump..

Like why did we go from $590 last week to $309 without any big news?

the only news has been an overwhelming bear market. hell, not even sure this is the last margin call cascade we will see. that's what it looks like anyway. someone probably dumped 2k+ coins and triggered a bunch of stops and then triggered a bunch of margin calls....

But if it where just Margin calls that went off, why don't we recover?

BTCE did recover -- from $309 it is now at $447, so only $18 below Stamp. that's a considerably recovery of the buy side considering how much was taken out by the cascade.

if you mean "we" like the market? hehe, take a look around. this is a bear market. maybe we turn it around soon, maybe we dont. but i'm only looking at lagging indicators now, with no interest in catching "bottom" (aside from $100+ margin call moves)... keeping bids very far from bid/ask spread and will buy a strong upside breakout.

[nidhogg1]

bought 6 coins at 600, thought it would bounce back up to 620-630 again. dropped to 550 and i thought hell ill just hodl
down to 500 and well if i sell at this point i just fucked myself over on 600 dollars
now its down to 450 and will keep dropping

ill still hodl, till 1 dollar

[barbs]

Why wouldn't bitstamp drop25$ to match btc-e

[Hunyadi]

OK im getting nervous now

btc-e looks like it may be headed for another leg down, waiting on that 15min MACD on stamp and BFX to confirm down

Don't be left behind! 

[Davyd05]

Last time the RSI hit this point on the 3d chart was way back in 2012 lol

[barbs]

I get it now. Rocket refuelling for liftoff

[Chuckee]

Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.

[Moria843]

At least if it keeps dropping at this rate in a few months we'll all be able to afford being whales.

[adamstgBit]

Why wouldn't bitstamp drop25$ to match btc-e

not enough vol for stamps to care really. probably the arbitrage is done already.

edit: just saw the spread.. whoa big dif from stamps to btc-e. dang. i'd almost rather be holding dongs then bitcoin fuck! 

wat a sore day for bitcoin.

[empowering]

The cooler koala is happy to blow up the place.

If you are not all excited... you should be... we have movement.. chillax.. get some popcorn.. ignore the hysteria... let time do what time do.

[Bittings]

Today's the day men are made. Play the waves if you want, but this is nothing but the Bitcoin gods testing your resolve. Repent and be saved.

[beetcoin]

Why wouldn't bitstamp drop25$ to match btc-e

not enough vol for stamps to care really. probably the arbitrage is done already.

edit: just saw the spread.. whoa big dif from stamps to btc-e. dang. i'd almost rather be holding dongs then bitcoin fuck! 

wat a sore day for bitcoin.

i don't like touching dongs at all.. and i especially don't like feeling sore after holding a dong.

[Octavius]

Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.

Bubbles come when you least expect them.

Bitcoin and this forum need to be forgotten again! and maybe a new bubble will happen...

[vuduchyld]

nom nom nom!

BTC tastes sooooooo goooooood at this price point!

Back up the truck today!!!!

[empowering]

Why wouldn't bitstamp drop25$ to match btc-e

not enough vol for stamps to care really. probably the arbitrage is done already.

edit: just saw the spread.. whoa big dif from stamps to btc-e. dang. i'd almost rather be holding dongs then bitcoin fuck! 

wat a sore day for bitcoin.

i don't like touching dongs at all.. and i especially don't like feeling sore after holding a dong.

http://youtu.be/lspjLG9nHXk

Soon I discovered that this rock thing was true
Jerry lee Lewis was the devil
Jesus was an architect previous to his career as a prophet
All of a sudden, I found myself in love with the world
So there was only one thing that I could do
Was ding a ding dang my dang a long ling long

Ding dang a dong bong bing bong
(Ministry - Jesus Built My Hotrod - 1991)

Sounds like high octane trading sounds to me..

[Chuckee]

Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.

Bubbles come when you least expect them.

Bitcoin and this forum need to be forgotten again! and maybe a new bubble will happen...

Sure, but we're still in an enormous bear trend, and we're not even at the blood in the streets phase yet. Litecoin definitely is, and bitcoin will follow it down I suspect. When you see the bulltards here give up hope and admit the folly in their thought processes, then maybe, just maybe a few months later it will happen again.

That is, if we don't break $300. If that happens, all bets are off for the future of crypto. It would be a huge strike to the confidence of the crypto economy.

[aminorex]

I keep begging monkey to go long btc, but he thinks he's staying short between 2 and 7 more days, with a 444 target.
I just can't obey they monkey when he gets like that.

[Bittings]

Bubble isn't going to happen... probably never, but it's certainly going to be a long time at least. People cutting their loose now, Much better places to stick your cash for the next 6 months while we wait to see where this goes.

Bubbles come when you least expect them.

Bitcoin and this forum need to be forgotten again! and maybe a new bubble will happen...

Sure, but we're still in an enormous bear trend, and we're not even at the blood in the streets phase yet. Litecoin definitely is, and bitcoin will follow it down I suspect. When you see the bulltards here give up hope and admit the folly in their thought processes, then maybe, just maybe a few months later it will happen again.

That is, if we don't break $300. If that happens, all bets are off for the future of crypto. It would be a huge strike to the confidence of the crypto economy.

The whole 'blood in the street' being necessary is what is going to bite the bears in the butt when the time comes. I don't remember much blood last year before the autumn rise.