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

[Hunyadi]

Look at that 350 ask wall in Bitstamp at 405... someone tries hard to drive market down...with success  

Now 595 at 393 USD.

[heartastack]

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250   

Bottom is today. Once alibaba's ipo is done and quick profit is made, big money is going to come back into bitcoin.

If that money is chasing hype, then why would the come back to BTC there is no hype right now.

[fonzie]

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250    

Bottom is today. Once alibaba's ipo is done and quick profit is made, big money is going to come back into bitcoin.

This is absurd. I expect max. 0,0001% from all Bitcoin holders are shuffling their money between BTC and Alibaba stocks. There is no correlation at all.
Ethereum/ppc/ripple is more likely. But i think Bitcoin is mainly going down because people are selling. But that´s just a theory.

[ShroomsKit]

Bottom is today. Once alibaba's ipo is done and quick profit is made, big money is going to come back into bitcoin.

Nonsense.

[mmitech]

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250    

Bottom is today. Once alibaba's ipo is done and quick profit is made, big money is going to come back into bitcoin.

This is absurd. I expect max. 0,0001% from all Bitcoin holders are shuffling their money between BTC and Alibaba stocks. There is no correlation at all.
Ethereum/ppc/ripple is more likely. But i think Bitcoin is mainly going down because people are selling. But that´s just a theory.

yes, Alibaba explanation is utter shit... a took a look at the Bitcoin magazine article and this is what I saw in the comment section:







 

[fonzie]

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

[Ultros]

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250    

250 is possible as a bottom in a fast-crash. 100 is way below most technical and fundamental supports therefore extremely unlikely, but anything can happen in BTC-land.

[Involution]

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

[mmitech]

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250    

250 is possible as a bottom in a fast-crash. 100 is way below most technical and fundamental supports therefore extremely unlikely, but anything can happen in BTC-land.

I will take my chances

[MoreFun]

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

They will, when there will be 50%+ bounce with growth coming. It's all about manipulators that builds the momentum they want. Simple.

[ShroomsKit]

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

No no, this is fucking awesome. Cheap coins man. Who cares that nobody buys anymore and Bitcoin is fucked! Cheap coins!

[Wolf Rainer]

Ok, that was all. Im losing all my money.

[ShroomsKit]

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

They will, when there will be 50%+ bounce with growth come. It's all about manipulators that builds the momentum they want. Simple.

The magical bounce that will always happen, till the end of time. Till one day it stops happening.

[niothor]

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

[blatchcorn]

Blood is starting to spill out into the streets

[ShroomsKit]

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

Maybe it's time to look at the bigger picture instead of the weekly "we only went down 3% i don't see the problem".

[klondike_bar]

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250    

250 is possible as a bottom in a fast-crash. 100 is way below most technical and fundamental supports therefore extremely unlikely, but anything can happen in BTC-land.

I agree that 100 is extremely unlikely since this drop is based on fear/manipulation rather than a failure in the protocol.

300 would be the bottom i expect, the charts already gone from a waterfall to a vertical drop, and i suspect it will bounce hard this afternoon somewhere between 300-350 and get back to 420+  by the evening

[SFHere]

So I wonder if there is going to be more suicides because of this....  

[CoinThinker]

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless.

[fonzie]

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

I don't see myself having much choice here

I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower

You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh(short or long) leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful