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

[ChartBuddy]

Explanation

[JayJuanGee]

Big players are just doing some shake out.

Ah so that's what it is. Good. Then this will be over soon. Just some weak hands leaving. I almost thought we were in a 9 month downtrend.

OH NOOOOOOOOOOOOOO, we are in a 9 month down trend inside a 5 year up trend. Cut your looses, what is happening, Shroomskit is crying again, means we should go up any moment now.

Where's Willy? Free Willy now!!

BAM! CHEAP COINZ EVERYWHERE.

I'm glad we got rid of the scammer fallling.

I forgot to ignore you!!!

To be honest, nobody cares about what you forgot to do. We are here speculating about bitcoin, not about your todo list.

hehehe... +1      I had to LOL about that one.

[samsonn25]

now i thinking about suicide! (no joke)

You should NOT put yourself in such a financial situation...   so try to learn from this in order to help yourself to better deal with these kinds of  situations in the future.
   
People had already said, in this thread, that investors should NOT put themselves in such situations.

You can always sell, lose less.  Still something left over.  Just go back to work tomorrow and start over.

[empowering]

I blame the forty thieves for the decline ...they come stole all our cheaps Bitcoins and err stuff. (forty thieves-1001 Nights? you with me?)

Talking of which, it looks like a phoenix rising....  of course... there is a high probablility that the stock will decline a fair bit after the IPO and the dust has settled, but at its current projected marketcap after the IPO tomorrow ... they will be bigger than Amazon bigger than Ebay!

and they are not Bitcoin friendly   ..... YET.

Howevas... we may see some short order profit taking from the IPO and some monies returning home to mumma Bitcoin.

no bites ? no nibbles? 

[empowering]

now i thinking about suicide! (no joke)

You should NOT put yourself in such a financial situation...   so try to learn from this in order to help yourself to better deal with these kinds of  situations in the future.
   
People had already said, in this thread, that investors should NOT put themselves in such situations.

You can always sell, lose less.  Still something left over.  Just go back to work tomorrow and start over.

Or just hold and see what happens next.... and if it does not work out... start over

[adamstgBit]

I blame the forty thieves for the decline ...they come stole all our cheaps Bitcoins and err stuff. (forty thieves-1001 Nights? you with me?)

Talking of which, it looks like a phoenix rising....  of course... there is a high probablility that the stock will decline a fair bit after the IPO and the dust has settled, but at its current projected marketcap after the IPO tomorrow ... they will be bigger than Amazon bigger than Ebay!

and they are not Bitcoin friendly   ..... YET.

Howevas... we may see some short order profit taking from the IPO and some monies returning home to mumma Bitcoin.

no bites ? no nibbles? 

what IPO?

[empowering]

I blame the forty thieves for the decline ...they come stole all our cheaps Bitcoins and err stuff. (forty thieves-1001 Nights? you with me?)

Talking of which, it looks like a phoenix rising....  of course... there is a high probablility that the stock will decline a fair bit after the IPO and the dust has settled, but at its current projected marketcap after the IPO tomorrow ... they will be bigger than Amazon bigger than Ebay!

and they are not Bitcoin friendly   ..... YET.

Howevas... we may see some short order profit taking from the IPO and some monies returning home to mumma Bitcoin.

no bites ? no nibbles? 

what IPO?

Google Forty Thieves and 1001 Nights and it will give you a clue? 

[lyth0s]

The Alibaba IPO is tomorrow. Probably some people pulling money out of bitcoin in order to participate in purchasing a chunk of the IPO shares. I mentioned this a few pages back.

[empowering]

The Alibaba IPO is tomorrow. Probably some people pulling money out of bitcoin in order to participate in purchasing a chunk of the IPO shares. I mentioned this a few pages back.

Boom http://www.theguardian.com/business/2014/sep/18/alibaba-investor-ipo-sell-shares-lockup-flotation

Quote
"The disclosure, first reported by the Wall Street Journal, is just one more complication ahead of what looks set to be the biggest stock market floatation of all time on Friday.

Alibaba set the price of its shares on Thursday at $68, the top end of its planned range, and is expected to raise up to $22bn (£13.5bn). At $68 a share, the company is valued at $167.6bn – bigger than Amazon and more than double the value of eBay. Some analysts have speculated the company could be valued at more than $200bn once it goes public of the New York Stock Exchange, making the company almost more valuable than the combined value of Amazon and eBay, the two companies it is most often compared to."

Seems quite feasible that this would attract the attention of speculators...  them forty thieves done stole our Bitcoinz 

[Argwai96]

my first bid on btc-e is @135$

edit: and then all the way to 99$

What a fantasy!!!!


You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way.   

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

[adamstgBit]

The Alibaba IPO is tomorrow. Probably some people pulling money out of bitcoin in order to participate in purchasing a chunk of the IPO shares. I mentioned this a few pages back.

Boom http://www.theguardian.com/business/2014/sep/18/alibaba-investor-ipo-sell-shares-lockup-flotation

Quote
"The disclosure, first reported by the Wall Street Journal, is just one more complication ahead of what looks set to be the biggest stock market floatation of all time on Friday.

Alibaba set the price of its shares on Thursday at $68, the top end of its planned range, and is expected to raise up to $22bn (£13.5bn). At $68 a share, the company is valued at $167.6bn – bigger than Amazon and more than double the value of eBay. Some analysts have speculated the company could be valued at more than $200bn once it goes public of the New York Stock Exchange, making the company almost more valuable than the combined value of Amazon and eBay, the two companies it is most often compared to."

Seems quite feasible that this would attract the attention of speculators... 

oh ya poeple were talking about this the other day or other week.

well thats explains it.

[abercrombie]

The Alibaba IPO is tomorrow. Probably some people pulling money out of bitcoin in order to participate in purchasing a chunk of the IPO shares. I mentioned this a few pages back.

sayz Bitcoin drop due to Alibaba IPO.

http://bitcoinmagazine.com/16481/bitcoin-price-dropped-today/

did tell a friend a few days ago i'd convert a few paper wallets to get the IPO.

[samsonn25]

my first bid on btc-e is @135$

edit: and then all the way to 99$

What a fantasy!!!!


You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way.   

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

Yes.   This is true

[empowering]

Yeah... it seems to make sense for a possible explanation... speculators holding off until the last minute to take some funds and push them into the Alibaba P&D...  so... question is... how much will come back to mumma Bitcoin and how soon?

Seems like win win, force market down with sell off, walk away with x amount of cash (and a BTC sold figure) profit from Alibaba pump, take profit and either
pop some in the hole in the water fund, or buy back same amount of BTC (at a now lower price) OR buy back even more BTC at a lower price.

[adamstgBit]

my first bid on btc-e is @135$

edit: and then all the way to 99$

What a fantasy!!!!


You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way.   

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

Yes.   This is true

happend once.

[DieJohnny]

Bitcoin is not diving because of Alibaba, it is diving because we are above the true transaction value of Bitcoin, we will go down until we are at or close to the transactional value of bitcoin, then up when speculation drives the price again.

[MoreFun]

Yeah... it seems to make sense for a possible explanation... speculators holding off until the last minute to take some funds and push them into the Alibaba P&D...  so... question is... how much will come back to mumma Bitcoin and how soon?

Seems like win win, force market down with sell off, walk away with x amount of cash (and a BTC sold figure) profit from Alibaba pump, take profit and either
pop some in the hole in the water fund, or buy back same amount of BTC (at a now lower price) OR buy back even more BTC at a lower price.

You don't sell Bitcoins 1 day before IPO and also IPO is not for small guys. Bullshit mostly this as a reason, this was purely momentum triggered after nice work done the same way as many times before from the same wall-bear. But could still be some guys selling for IPO, but nothing spectacular.

[empowering]

Bitcoin is not diving because of Alibaba, it is diving because we are above the true transaction value of Bitcoin, we will go down until we are at or close to the transactional value of bitcoin, then up when speculation drives the price again.

meh... the Alibaba scenario is perfectly viable... the timing is too much.. only hours to go until the biggest IPO in history... seems plausible enough to me, well as plausible as your opinion that BTC is below its transaction value...maybe more plausible because

[empowering]

-timing

[empowering]

Yeah... it seems to make sense for a possible explanation... speculators holding off until the last minute to take some funds and push them into the Alibaba P&D...  so... question is... how much will come back to mumma Bitcoin and how soon?

Seems like win win, force market down with sell off, walk away with x amount of cash (and a BTC sold figure) profit from Alibaba pump, take profit and either
pop some in the hole in the water fund, or buy back same amount of BTC (at a now lower price) OR buy back even more BTC at a lower price.

You don't sell Bitcoins 1 day before IPO and also IPO is not for small guys. Bullshit mostly this as a reason, this was purely momentum triggered after nice work done the same way as many times before from the same wall-bear. But could still be some guys selling for IPO, but nothing spectacular.

Why not? sell BTC 1 day before the IPO, if you feel that BTC could go up a few more dollars? (or down? fair enough)

Also, many BTC speculators are .... well speculators... and the biggest IPO of all time is enough to draw in speculators, large and small... as long as they are active in trading in general, I can perfectly see traders taking the risk...  it is more than plausible imo..