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

[Sandia]

If volume is lower and lower in a capitulation, it is a sign of a lack of sellers.

(Buyers are patently lacking, otherwise we were not in a downtrend at all..)

I believe this.  To do a 50 coin buy on Bfx 6 or 7 hours ago, you had $6 slippage.  In a $10 range up and down, there were 70 coins available, bid and ask COMBINED.  In between were bots, .1, .5 and an occasional 1 coin entries.  The depth charts looked like a desert for $20.

If sellers were willing to sell, there would not have been a plateau at 607 for hours.

Anyway, except for 2 low ball tranches in the 480s, I got my buys filled.  I think we have already bottomed, had our panic, and will head up (I am not talking my book, that is the reason why I bought in big and stopped trading).  If everyone has forgotten about the 2 crash days, this thread was full of panic.

540 in 48 hours, 600 in a week or so.

[mmitech]

If you don't think that 6 consecutive weeks down, followed by a high-volume capitulation, means that we are oversold, you deserve to sell all your bitcoins NOW.

I don't think we'll go lower than $450 again, but I definitely don't think we will be at a much higher price in a few week/months either.
The Bitlicense is a very problematic business, until that is not resolved we can't go anywhere (as somebody said, "it could crush the business"). Also, the Winklevoss ETF must be approved first too I'm afraid.

Oh please - the Winklevoss etf is 18 months old news, and during this time BTC is up an order of magnitude.

Bitlicence tells that regulators' pants are wet when facing an innovation that could put them out of business. If you care, set your business up somewhere else except NY (the place has 0.3% of world  population after all). If you don't care, switch to Monero.

so you want to say that if Bitcoin crash Monero will still have a chance ? what a pumper, why don't you go back to your "quality" thread ? you are the biggest pupmer and dupmer I saw here, you have no values or morals. clown.

[rpietila]

Very little point in arguing with a person who overrides my facts with his own, and when I make them a basis of my further argument, he accuses me of being wrong based on that his own "facts" were wrong. LOL

I hope such people do not buy Monero. At least not for cheap. 

[tarmi]

If volume is lower and lower in a capitulation, it is a sign of a lack of sellers.

(Buyers are patently lacking, otherwise we were not in a downtrend at all..)

rpietila calling buttom again - > move your bids lower.

[mmitech]

Very little point in arguing with a person who overrides my facts with his own, and when I make them a basis of my further argument, he accuses me of being wrong based on that his own "facts" were wrong. LOL

I hope such people do not buy Monero. At least not for cheap. 

pathetic, period.

[jeezy]

Very little point in arguing with a person who overrides my facts with his own, and when I make them a basis of my further argument, he accuses me of being wrong based on that his own "facts" were wrong. LOL

I hope such people do not buy Monero. At least not for cheap. 

pathetic, period.

[conspirosphere.tk]

BTC market is a China-thing, and who can figure WTF is going on there has an advantage:

Exchange   Volume BTC   Market share
okcoin    1.60M   35.83%
huobi    965k   21.66%
btcchina    443k   9.96%
lakebtc    374k   8.39%
bitfinex    346k   7.78%
bitstamp    307k   6.89%
anxbtc    228k   5.12%
btce    146k   3.27%
itbit    38.6k   0.87%
others    10.2k   0.23%

http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc

[ErisDiscordia]

mmitech I think your obsession with bashing rpietila is unhealthy 

[findftp]

---------------------
It's all bullshit. But bullshit makes the flowers grow and that's beautiful.

Wow, just had a discussion about the world being bullshit and now I read your signature.
Thanks for the enlightenment.

[Feri22]

Very little point in arguing with a person who overrides my facts with his own, and when I make them a basis of my further argument, he accuses me of being wrong based on that his own "facts" were wrong. LOL

I hope such people do not buy Monero. At least not for cheap. 

pathetic, period.

You are pathetic as well.

[tarmi]

monday crash time soon

[razorramon]

i was looking at bitfinex for a while and it is just absurd...

always a rise with a wall (~100btc) at the top...then a dump...and then much more asks on a level 10$ below the top...

it's crazy...like people actually want to lose money

and i do believe that a lot of this "manipulation" is just whales having fun...i can see no other sense in that than just pure anarchy

[JorgeStolfi]

BTC market is a China-thing, and who can figure WTF is going on there has an advantage:

Exchange   Volume BTC   Market share
okcoin    1.60M   35.83%
huobi    965k   21.66%
btcchina    443k   9.96%
lakebtc    374k   8.39%
bitfinex    346k   7.78%
bitstamp    307k   6.89%
anxbtc    228k   5.12%
btce    146k   3.27%
itbit    38.6k   0.87%
others    10.2k   0.23%

http://data.bitcoinity.org/markets/volume/30d?c=e&t=a&volume_unit=btc

Okcoin, huobi, lakebtc probably with fake volume.

Of course they are.  How could one sell bitcoins and bitcoin funds in the West, if the buyers thought that the future value of their investment would depend on the mood of a legion of Chinese day-traders? 

[Sandia]

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull.  I can't think of a justification for btc being in the 400's, except market malfunction.  Everything in fundamental analysis is golden.  Sentiment analysis changes everyday: moon, hell, moon, hell.  Technical analysis seems to be broken most of the time because this such an emotion-driven market.  After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500?  I think no.  I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

[falllling]

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull.  I can't think of a justification for btc being in the 400's, except market malfunction.  Everything in fundamental analysis is golden.  Sentiment analysis changes everyday: moon, hell, moon, hell.  Technical analysis seems to be broken most of the time because this such an emotion-driven market.  After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500?  I think no.  I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

buy more = lose more, there is no "cheap coins", coins will always be cheaper and cheaper

[tarmi]

so, now bitcoin follows litecoin?

that is not going to end well.

 

[wonkytonky]

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull.  I can't think of a justification for btc being in the 400's, except market malfunction.  Everything in fundamental analysis is golden.  Sentiment analysis changes everyday: moon, hell, moon, hell.  Technical analysis seems to be broken most of the time because this such an emotion-driven market.  After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500?  I think no.  I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

buy more = lose more, there is no "cheap coins", coins will always be cheaper and cheaper

are you a bot to spam bear crapp all over the forum lol ?
      

[macsga]

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull.  I can't think of a justification for btc being in the 400's, except market malfunction.  Everything in fundamental analysis is golden.  Sentiment analysis changes everyday: moon, hell, moon, hell.  Technical analysis seems to be broken most of the time because this such an emotion-driven market.  After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500?  I think no.  I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

buy more = lose more, there is no "cheap coins", coins will always be cheaper and cheaper

are you a bot to spam bear crapp all over the forum lol ?
      

Nah, just another one who gets paid to do so. We had others in the past (still have actually)...

[macsga]

For the fellows that still have some DOGE on their wallets, there's news for you:
http://www.reddit.com/r/dogecoin/comments/2egjqg/dogecoin_core_18_released_mandatory_upgrade/

12 September is the date! Update your DOGE-wallets.

[inca]

i was looking at bitfinex for a while and it is just absurd...

.
.
.

it's crazy...like people actually want to lose money

When people throw money at you, accept it with a smile.

I expect that nearly everyone here is a long-term bull.  I can't think of a justification for btc being in the 400's, except market malfunction.  Everything in fundamental analysis is golden.  Sentiment analysis changes everyday: moon, hell, moon, hell.  Technical analysis seems to be broken most of the time because this such an emotion-driven market.  After Dell, Global Payments, the Ebay subsidiary, etc., etc., etc., good news after good news after good news, does it make sense that btc is selling for 495 or 500?  I think no.  I stopped trading, bought a long term position and will wait for the top.

Smile, buy coins, be gracious when the price goes back up.

Excellent post.

Every trader here knows the market is so thin a few million dollars can move it in any direction. Fundamentals are sound. Price action has dislocated from the fundamentals IMO and is likely oversold. Trying to catch every little draft up and down in a market like bitcoin is crazy. Unless the trend of the last 5 years is finished then bitcoin will sometime soon(ish!) go berzerk again.