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

[proudhon]

My guess is that this is mostly from big boys creating entrance points prior to ETFs.

Hey proudhon, are you currently a bear a bull or a proudhon?

It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow.

Long term I'm bullish.  Short term, I haven't a clue what the coming weeks will look like.

[Schickeria]

My guess is that this is mostly from big boys creating entrance points prior to ETFs.

Hey proudhon, are you currently a bear a bull or a proudhon?

It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow.

Long term I'm bullish.  Short term, I haven't a clue what the coming weeks will look like.

Sad! 

You as a bear is such entertainment. I hope for another season starting in the future ;-)

[ErisDiscordia]

My guess is that this is mostly from big boys creating entrance points prior to ETFs.

Hey proudhon, are you currently a bear a bull or a proudhon?

It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow.

Long term I'm bullish.  Short term, I haven't a clue what the coming weeks will look like.

Same here. I feel validated  

btw haven't seen you around for a while, glad to see you posting. Same with Rampion - one of my favorite posters.

[Bittings]

I really didnt think that we were going to see the $400s again

Bitcoin doesn't care what you (or I) think.

Fret not my friends, I care what you think  

[empowering]

My guess is that this is mostly from big boys creating entrance points prior to ETFs.

Hey proudhon, are you currently a bear a bull or a proudhon?

It seems like the previous bubbles have desensitized traders and hodlers so much that the btc price has to smack us really long and hard in order for capitulation to occur. Such bad sentiment. wow.

Long term I'm bullish.  Short term, I haven't a clue what the coming weeks will look like.

confirmed?

[vuduchyld]

Huge 462.9 hidden bid at Finex. Hundreds of coins bought so far.

Hundreds of coins dumped so far...

There will be big dumps along the way if bitcoin goes down to $440 and less, Winklevoss twins and Tim Draper could panic sell.

I would think that Draper and Winklevii aren't worried about their next meal or their retirement. No need to panic. They, along with GABI, are actually watching all this with some glee. Doesn't hurt any of them and might actually help.

Vuduchyld - Even though you are suggesting that neither Draper nor Winklevii are manipulating, you are also stating that they ARE profiting from whatever price lowering and/or manipulating that IS occurring.... In other words, you are implying support for the conspiracy theory which suggests that they have an insider's incentive to manipulate and to make EVEN more money.

ftfy   hope I did it right 

Hey JayJuanGee...this thread is moving so fast that I missed your post above.

Honestly, I don't know.  I was mostly just responding to the notion that Winklevii and Draper could panic sell.  I highly, highly doubt that would be the case.  

One thing I've noticed as I've aged is that I'm generally a better trader.  I'd like to attribute that to accumulated wisdom, but in fact, it's more likely just a function of the accumulation of more assets.  I know I absolutely do NOT care what the price is today, tomorrow, or next week.  I assess value and nothing the market tells me about PRICE influences my perception of VALUE.  I've bought more in the last few days than I expected to buy, I can tell you that.  In my opinion, the price-to-value proposition dictated it.  

In my younger days, or days with less security, I would unintentionally find myself too emotionally attached to PRICE.  I've certainly panic-sold stocks.  People like the Winklevii and Draper have literally NEVER wondered where their next meal was coming from.  I literally have...and I don't anymore.  And there is a difference in how I trade now.  And if I'm wrong?  Really doesn't matter.  Whatever happens, my toes are still tappin'.  

Do they have the power to manipulate price, as whales?  Maybe.  I'm almost certain that they could INFLUENCE it, at the very least.  Are they doing it?  I have no clue.

[ChartBuddy]

Explanation

[fonzie]

LTC 

[JorgeStolfi]

Security Firm Claims New Leads in Search for Missing Mt Gox Bitcoin

To me it seems an attempt to prevent an independent police investigation.  Like the Sunlot proposal. 

[magicmexican]

Shorting LTC @4,3 was a genius idea

[Bitcoin_is_here_to_stay]

How disappointing. Turns out the constant "cheap coins" yellers have no money after all with which to buy a bounce.

+1. I have always suspected they were mostly people already 100% invested in btc. Looks like this, or they chickened out now .

[bassclef]

Shorting LTC @4,3 was a genius idea

Of course it was. Thanks for the coins, Newbie.

More than doubled my stash this summer thanks to panic sellers.

[empowering]

[counter]

Price is lagging a bit

On its way back to 500

Thanks for the good news..    Posts like this is why I find this thread to be useful, for more long term then short term speculation of Bitcoin most of the time.  Even if the price goes lower I'm viewing it as a good time to stack some coin in the short term.  Now I just have to figure out how low it will go and how much I can buy.  Here's hoping for no devastating news.

[spooderman]

400s again? I thought we were done with them for sure.

[INSTANTpr]

http://greatbigyes.com/wp-content/uploads/2012/02/mountain-yoga.jpg

[empowering]

Leverage is evil in general and shorting on leverage with margin is terrible idea in crypto, for all but the very best of traders....with deep pockets, not only for the individual but for crypto in general leverage sucks balls... as the flash twatage on BTCe  shows... useless leftover from the dying system... what is wrong with shorting thr traditional way? no for some reason, do it on borrowed funds, where you can get hunt stopped  seems like a reasonable idea for some...  wonder why? oh greed...  really wish leverage and margin trading never made it across to BTC personally... and I generally do not touch it... once upon a time with some low priced silver and low leverage sure.. but that really DID make sense.. and it was long not short.  

Meat and bone.....churn...churn...churn.... profit for exchanges churn churn hunt stop hunt stop swing churn, burn and fuck the consequences to the market, well there we go


Leverage is in general evil....think of it the same way as a casino... the odds are not on your side...of course, and if they were do you really think that an exchange/or broker would offer you "free money" to gamble with ?


Man each to their own... and those with the skills and the bankroll of course it can be childs play... in the long run most everyone else as in 90% of people get put through the grinder until they become so despondant they quit at a major loss, seen it over and over and over again.. sure there are some winners.. but much like a poker table... if you are looking around trying to figure out who the sucker is.... then it is most likely you.


Be careful out there...




 

[grappa_barricata]

[...] Margin trading is evil [...]

Generalization is evil.

[empowering]

[...] Margin trading is evil [...]

Generalization is evil.

As a generalisation I would agree with what you say..... in general.... but not in this case... those borrowed funds are not being made available just to help people out... out of the kindness of brokers etc hearts... they know the game... it is their game... and their game is rigged for them to win...   Long term margin trading is hazardous to fish,  and I think detrimental to crypto.

Also I said that it is "in general" evil - not always and in of its self...  but the outcome is almost always the same in the long run... a few do well.. the rest...  get made into sausage

[aminorex]

monkey wants it down for 6 hours now.  some support at 471.

monkey gave up on the intraday downtrend already.  monkey is almost without opinion, intraday, now, but still wants 2 days of downward correction before reversal.