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

[Sandia]

well fuck.

sub 500 everywhere.

The irrationality is amazing.  Where are the sellers going to buy back in?  I can't imagine that we can get to 485, maybe not even 490.  Sell at the bottom?  Wow....

What is the opposite of a bagholder?

Oh, it can go a lot lower. In 2009 I bought back in at $15 and was upside down for 18 months. But I still have most of those coins, so it all worked out eventually.

I don't see a way.  Even if the 7k dumper came back, he could not push Bfx to 470, and price would jump right back.  My emergency fiat is bidding at 490.

You going to put that last 25% in?

[adamstgBit]

well fuck.

sub 500 everywhere.

The irrationality is amazing.  Where are the sellers going to buy back in?  I can't imagine that we can get to 485, maybe not even 490.  Sell at the bottom?  Wow....

What is the opposite of a bagholder?

Oh, it can go a lot lower. In 2009 I bought back in at $15 after the high of $32 and was upside down for 18 months. But I still have most of those coins, so it all worked out eventually.

ya but, What is the opposite of a bagholder? good question.

profit taker?

loss cutter?

ball dropper?

[bigdave]

The market has been painful to watch today. Just when I think its going down it bounces back up and just when I think its going to take off it drops... All to hover around $500. I want to see the price change more than $5 one way or the other.

[billyjoeallen]

well fuck.

sub 500 everywhere.

The irrationality is amazing.  Where are the sellers going to buy back in?  I can't imagine that we can get to 485, maybe not even 490.  Sell at the bottom?  Wow....

What is the opposite of a bagholder?

Oh, it can go a lot lower. In 2009 I bought back in at $15 and was upside down for 18 months. But I still have most of those coins, so it all worked out eventually.

I don't see a way.  Even if the 7k dumper came back, he could not push Bfx to 470, and price would jump right back.  My emergency fiat is bidding at 490.

You going to put that last 25% in?

Not with the moving averages like this. I'll move those orders up if the spot price goes up, trying to buy the dips and then turn it around quickly if we get a crazy spike. 

[adamstgBit]

well fuck.

sub 500 everywhere.

The irrationality is amazing.  Where are the sellers going to buy back in?  I can't imagine that we can get to 485, maybe not even 490.  Sell at the bottom?  Wow....

What is the opposite of a bagholder?

Oh, it can go a lot lower. In 2009 I bought back in at $15 and was upside down for 18 months. But I still have most of those coins, so it all worked out eventually.

I don't see a way.  Even if the 7k dumper came back, he could not push Bfx to 470, and price would jump right back.  My emergency fiat is bidding at 490.

You going to put that last 25% in?

Not with the moving averages like this. I'll move those orders up if the spot price goes up, trying to buy the dips and then turn it around quickly if we get a crazy spike.  

your a trooper

may the force be with you

[adamstgBit]

this is the problem with the BTC, traders are the ones pricing the coins for 10 of 1000's of bag holders.

they don't care about news developments or any of that, they want to flip 5% profit, and if they cant do that they have no problem cutting losses no matter what the fundalmants say.

this is why the spring is wound so Fing tight after every bubble, and why the next one is inevitable. at one point the float is literally 0 and the bull market starts, faster and faster it becomes clearer and clearer MOON!MOON!MOON! they say but it goes higher!

[billyjoeallen]

well fuck.

sub 500 everywhere.

The irrationality is amazing.  Where are the sellers going to buy back in?  I can't imagine that we can get to 485, maybe not even 490.  Sell at the bottom?  Wow....

What is the opposite of a bagholder?

Oh, it can go a lot lower. In 2009 I bought back in at $15 and was upside down for 18 months. But I still have most of those coins, so it all worked out eventually.

I don't see a way.  Even if the 7k dumper came back, he could not push Bfx to 470, and price would jump right back.  My emergency fiat is bidding at 490.

You going to put that last 25% in?

Not with the moving averages like this. I'll move those orders up if the spot price goes up, trying to buy the dips and then turn it around quickly if we get a crazy spike.  

your a trooper

may the force be with you

Back at ya, Adam.  I think whoever keeps scooping up the coins at the bottom will find that it gets harder each time as this market matures.

[freedomno1]

Explanation

Great, we have again chart buddy who bump the thread every hours and remind us to post something on this thread.

Good to see chartbuddy back I missed that fellow
My favorite automated posting bot to lazily keep track of the Bitcoin price 

[empowering]

I hear some chick called Gabby is coming to town in 5 or 6 days..  and apparently she likes to party, minted too from what I hear...

[dannyspk]

And here we go, $500 base building once again. This is so fu****g annoying.

[Schickeria]

We can not go up, either down.

So how about building up some wall on 500 and after it's finished breaking it down and repeat it multiple times?  

[ChartBuddy]

Explanation

[empowering]

I hear some chick called Gabby is coming to town in 5 or 6 days..  and apparently she likes to party, minted too from what I hear...

.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya.

[dannyspk]

I hear some chick called Gabby is coming to town in 5 or 6 days..  and apparently she likes to party, minted too from what I hear...

.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya.

I read about GABI way back in late July. Any links citing this $200 million figure or is it just a talk happening behind the curtains?

[billyjoeallen]

We can not go up, either down.

So how about building up some wall on 500 and after it's finished breaking it down and repeat it multiple times?  

That's a good thing. That means the price gets more stable and less volatile which make Bitcoin more useful for transactions. Bitcoin doesn't need a central bank because it has us. We make our money by punishing volatility.

[JorgeStolfi]

I hear some chick called Gabby is coming to town in 5 or 6 days..  and apparently she likes to party, minted too from what I hear...

.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya.

Creating a bitcoin fund is a way to sell a large stash of bitcoin without immediately depressing the price, and without making it seem that the holders have lost faith.  GABI will probably buy the coins initially OTC from the GABI creators.  It may even remove buying pressure from the markets, if some people who would have bought raw bitcoins will choose to buy GABI shares instead.

I wonder if GABI will have a lock-in period, like SMBIT (i.e. the client can liquidate only after N months).

[adamstgBit]

I hear some chick called Gabby is coming to town in 5 or 6 days..  and apparently she likes to party, minted too from what I hear...

.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya.

Creating a bitcoin fund is a way to sell a large stash of bitcoin without immediately depressing the price, and without making it seem that the holders have lost faith.  GABI will probably buy the coins initially OTC from the GABI creators.  It may even remove buying pressure from the markets, if some people who would have bought raw bitcoins will choose to buy GABI shares instead.

I wonder if GABI will have a lock-in period, like SMBIT (i.e. the client can liquidate only after N months).

its not a new bitcoin market demanding huge amounts of bitcoin, nope!

[Torque]

And here we go, $500 base building once again. This is so fu****g annoying.

Whale: "Oh, oh, what's this?? Aww no you don't.  I see you slipping there, no no, let's get you riiiight back to EXACTLY $500, right where I want you.  Therrrre we go, yesss....."

[ImI]

I hear some chick called Gabby is coming to town in 5 or 6 days..  and apparently she likes to party, minted too from what I hear...

.... there is talk of a $200 million "six month" bender to warm up.... (not "that much" in the grand scheme of things I know.. but still some added buying pressure, if they bought the same amount every month at the current price that would work out at 400,000 coins in total, and 66,666 coins per month - and there are around 108,000 mined a month and they are just one buyer) I realise that they are more likely not going to, or necessarily be able to buy the same amount of coins each month for the same price.. unless they are rather smart about it, and I also realise that sellers will supply some of those coins , as opposed to freshly mined coins... however as I said... it will increase buying pressure snapping up some coins (for now) for a while.... and it is just one playya.

Creating a bitcoin fund is a way to sell a large stash of bitcoin without immediately depressing the price, and without making it seem that the holders have lost faith.  GABI will probably buy the coins initially OTC from the GABI creators.  It may even remove buying pressure from the markets, if some people who would have bought raw bitcoins will choose to buy GABI shares instead.

I wonder if GABI will have a lock-in period, like SMBIT (i.e. the client can liquidate only after N months).

bullshit detected

[adamstgBit]

ok no more hints from me, i'm out, done with this place, good bye.