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

[adamstgBit]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

[falllling]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

no worry, another drop will bring us down into $450 soon

[inca]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

I know it is your thread Adam, but do you have to quote it?

[fonsie]

i hope you get your cheap coins @ 450 or 430 or 390...problem from down there there is no rush recovery...only enthusiats are still buying...
if people would really believe that gabi has an incredible impact the price would be much higher, or do you think they want to buy AFTER gabi puts in their 200mil?

Exactly, good news has been priced in long time ago. If not then the market acts in a unique and irrational way.

When did it actually become public that they're starting or when did they reveal their plans? I mean, since when do you guys believe this is being priced in by people? Any guesses or approximations, people?

Because a bunch of kids have thrown all of their life savings (worth 50$ each) into bitcoin, they are under the impression that it's all priced in...

The fact that GABI said they were going to buy BTC starting in September worth 200m$... How the hell could that be priced in if they didn't bought them yet??
That is the most stupid thing to say. So either they lied and bought in August, or IT IS NOT PRICED IN. You cannot "price in" the actual buying of BTC, only rumours or news could be priced-in, and I have serious doubt that those things even apply to Bitcoin.

You remember when GOX announced they would add LTC? The market (ltc) went on a tear trying to price in the future price for such an event. So yeah, thats how a sound rational market acts (they certainly might overshoot). If traders expect the value to increase immensely then price goes up, right? The reason the market has not really reacted to the GABI news is that it makes no sense to announce that they will buy for hundreds of millions BEFORE they actually do it. Why would they want to buy btc at an inflated level? So there you go. Market has considered this and judged it as unlikely. Thus the price doesn't care.

The anticipation of GABI buying could have been priced-in, but GABI actually buying cannot be priced-in. Perhaps we could of been on our way running up to 680$, but a few dumps by some miners and it has most of them running for the hills, most of them selling at a loss, some others selling to buy in cheaper, etc... a snowball running downhill. But eventually the sun starts to shine and poof gone is the snowball.

[Phillis]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

I know it is your thread Adam, but do you have to quote it?

it must not be named..

[Torque]

So let's call out everyone that said they were buying if we dipped to $480.  

Most of these so called buyers are full of shit, have no money, and couldn't afford to buy a single btc anyway.

[tarmi]

[empowering]

meh

[fonsie]

So let's call out everyone that said they were buying if we dipped to $480. 

Why buy now, according to fallling we can have free coins sooner rather than later.

[Phillis]

and snagged some more coins at 477. Thanks weak hands...

[molecular]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

The TED talk by Derek Sivers that uses this video (and likely popularized it) is also worth a watch.

idk about you guys but i'm still dancing and poeple around aren't quite ready to join in. not sure what they are waiting for...

the drug takes a while to kick in...

[abercrombie]

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy


Click the image to watch the video




in Bitcoin's case, Hal finney was that brave first follower

Or maybe in today's lesson, BTC-e is the lone nut with the high volume selling.

Other exchanges Bitstamp, Bitfnex, Huobi, and OKCoin slowly begin to participate in the downward spiral and soon those that don't follow are seen as oddballs.  

[falllling]

lets break $470 quickly

it might yo yo there and back once or twice...

damn it!

I know it is your thread Adam, but do you have to quote it?

it must not be named..

afraid of facing the truth that your money invested in bitcoin has gone?
don't bury your head in the sand, it doesn't work

[grappa_barricata]

Oh bottom where art thou...

[molecular]

guys, I'd be interested wether or not there are some long liquidations on btc-e?

Do we have any stats like bfxdata for btc-e?

[adamstgBit]

Oh bottom where art thou...

if we are not already there its not far down.

for today anyway...

[Phillis]

guys, I'd be interested wether or not there are some long liquidations on btc-e?

Do we have any stats like bfxdata for btc-e?

that already got cleaned out.

[molecular]

guys, I'd be interested wether or not there are some long liquidations on btc-e?

Do we have any stats like bfxdata for btc-e?

that already got cleaned out.

hmm, ok.

What's the best explanation for the berserker-bot-action?

[fonsie]

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

silly wanker

I think that fallling got goxed, has pissed his pants when nearing the 51%, somebody from the government has taken his crackers, he has no new money, he's banned from his cardboard box, invested all of his cans into Ethereum, tried to buy a house from the House dealer, but since they only accepted BTC, he couldn't buy one, winklevoss+gabi+dubai something he read about on the piece of paper he used to clean off his ass while shitting in his new cardboard box.

Now he's here venting his frustration, because his cardboard box got wet from the rain.

[adamstgBit]

btc-e's volume is like   wtf is happening over there.