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

[INSTANTpr]

blackcoin flying ...bitcoin flying!!! hmmmm 

[hyphymikey]

The next 24 hours are critical^TM

[JayJuanGee]

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 

I have NO problem with the changes and/or emphasis added...   THX!!!!

[INSTANTpr]

****BTC ***= PHOTOSHOP BOUNTY =*****                      weeeeeeeeeeeeeeeeeeeeee

http://blog.newscom.com/wp-content/uploads/2013/11/three-woman-riding-rocket.jpg

[grappa_barricata]

I understand your point (of both), but this is exactly why the interest rates are so low! Don't eat from the hands of these clowns. Don't buy properties, because they are empty and for sale cheap for a reason: there are too many houses! And there are too many dollars around! Of course this is just my opinion, and the discussion has been pleasant for me. Thank!

You're not completely wrong but right now, a lot of those properties are standing empty because their former owners got mortgages they couldn't afford. And there are a lot of people in that group. And they all need a place to live. And they are looking to rent.

It's not a bad time to be a landlord.

Hi richy, i appreciate the feedback. How these people are gonna pay the rent when they were unable to pay the mortgage?   And also i am thinking about occupation. You can't get them out once they are in, by law, at least here in my country. So maybe i am a little biased against mortgage in general.

[ChartBuddy]

Explanation

[adamstgBit]

its in that "breaking out zone" almost everywhere.

buying on a 24hour high these days seems dangerous tho, bulls are have reason to be cautious

[Richy_T]

Why do people suddenly start selling after the price has reached 120? Doesn't make much sense to me?

Shroomy, always looking on the positive side  

Classic

[podyx]

Why do people suddenly start selling after the price has reached 120? Doesn't make much sense to me?

Shroomy, always looking on the positive side  

Classic

lmao!

so fucking butthurt, thats my shroomy!

[ChrisML]

its in that "breaking out zone" almost everywhere.

buying on a 24hour high these days seems dangerous tho, bulls are have reason to be cautious

I really am not in the mood for a buttrape. I am cautious. What if I put in a long position and shit get flushed like the otherday. Not enough margin to hold back a $110,- price drop  

[dwdoc]

The next 24 hours are critical^TM

The next 24 hours are next.

[derpinheimer]

Fairly large dumps on bitstamp

[abercrombie]

The next 24 hours are critical^TM

The next 24 hours are next.

The next 24 hours will determine the future of cryptocurrency for the next decade.

[Torque]

its in that "breaking out zone" almost everywhere.

buying on a 24hour high these days seems dangerous tho, bulls are have reason to be cautious

I really am not in the mood for a buttrape. I am cautious. What if I put in a long position and shit get flushed like the otherday. Not enough margin to hold back a $110,- price drop  

Friggin' same here, man.  I'm not thinking it'll go all the way back to 440 in the next 24 hours, but definitely without a solid breakout of 530 with heavy volume, it definitely could within a few weeks.  And I refuse to get buttraped again.  Refuse! I'd rather pay 550 on a true, solid high volume uptrend than to get flushed again on a head fake.  I'm sure a lot of bulls are starting to feel this way after this nearly 5 month reversal from April.

[JayJuanGee]

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.

YES.... Any post or response can get lost in this wall of posts (and text).

I appreciate you explanation of your thinking... and why you had mentioned Draper and Winklevii.....

Surely, we know that they have many capabilities and incentives to manipulate prices in various ways, beyond just the use of words.  And, I think that we agree that their having a motive does NOT mean, necessarily, that they are acting on that motive... beyond merely engaging in various campaigning, propaganda and normal and regular business practices.

It seems that a lot of us aspire to be whales - and who knows what level of self-restraint we would be able to exercise if we were really empowered with such endowment(s).

[adamstgBit]

10K coins sold at the top, time for 1k coins to take us down back to 469

[derpinheimer]

Wow, this is what the Bitfenix orderbook looks like without the mega-whale playing. Pretty crazy!

[INSTANTpr]

its in that "breaking out zone" almost everywhere.

buying on a 24hour high these days seems dangerous tho, bulls are have reason to be cautious

I really am not in the mood for a buttrape. I am cautious. What if I put in a long position and shit get flushed like the otherday. Not enough margin to hold back a $110,- price drop  

borrow on margin..it's safe now ...lol  

[Richy_T]

Hi richy, i appreciate the feedback. How these people are gonna pay the rent when they were unable to pay the mortgage?   And also i am thinking about occupation. You can't get them out once they are in, by law, at least here in my country. So maybe i am a little biased against mortgage in general.

Well, if you can't pay the rent, you move out and move down. If you can't pay the mortgage you sell and... oh wait, you owe more than the house is worth so you'd have to borrow more money to be able to sell it and you're already in debt up to your eyeballs...

And truthfully, you may not even have to move down much since house prices have fallen, a landlord doesn't need to charge as much to get a good return on his purchase.

With that said, house ownership and being a landlord isn't for everyone. Play to your strengths and live how you want to.

[Torque]

Hi richy, i appreciate the feedback. How these people are gonna pay the rent when they were unable to pay the mortgage?   And also i am thinking about occupation. You can't get them out once they are in, by law, at least here in my country. So maybe i am a little biased against mortgage in general.

Well, if you can't pay the rent, you move out and move down. If you can't pay the mortgage you sell and... oh wait, you owe more than the house is worth so you'd have to borrow more money to be able to sell it and you're already in debt up to your eyeballs...

And truthfully, you may not even have to move down much since house prices have fallen, a landlord doesn't need to charge as much to get a good return on his purchase.

This.  Also I've read plenty that one of the fastest growing segments in the U.S. is the emergence of new upscale apartment complexes.  Because hardly anyone can afford to purchase houses in the U.S. anymore, plus they move around so much for work now that it almost makes more sense to not be tied to a mortgage you can't easily unload.