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

[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

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[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

[Wolf Rainer]

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?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

[podyx]

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 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

At what price would you say is a clear trend reversal? 500? 550?

[AirFlame]

When this shit happens (large dumps) i always talk to myself what goes down must come up.

[JorgeStolfi]

My guess for the immediate cause of this drop is that the Chinese traders are losing interest in bitcoin and are selling to get out. 

The guess is based only on their dominance of the market since November.  Is there any other evidence for or against this guess?  Assuming the guess is correct, what could have caused them to lose interest?

[findftp]

People, I have to say this over and over and over again.
We will reach singularity when this thread reaches page 8888

[blatchcorn]

[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 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

At what price would you say is a clear trend reversal? 500? 550?

Wait for a massive volume downspike and after it shoots up at least 25% and stays there for a time, and everything else looks bullish that´s the time when you wan´t to go all in. This could be at 150-350$. Probably t30%lower than in your worst expectations. You´ll know it then you see those 3-4k BTC buys happening

[findftp]

When this shit happens (large dumps) i always talk to myself what goes down must come up.

Well, next time I jump from a high cliff I will try it.

[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?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

But..but...all thos cheap coins! Aren't you extremely happy.

[JayJuanGee]

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?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

So what?  You are considering this way too short term, and sounds like you have overinvested.

[exocytosis]

rpietila has now admitted that this might be the final capitulation.

it's perhaps the final capitulation.

Even the permabulls are starting to see the truth.

[dakota neat]

Oh my god 

http://www.youtube.com/watch?v=tA3ItiGX5Q4

[AirFlame]

When this shit happens (large dumps) i always talk to myself what goes down must come up.

Well, next time I jump from a high cliff I will try it.

No I did not have this in mind Im talking about trading Please dont jump.

[CoinThinker]

When this shit happens (large dumps) i always talk to myself what goes down must come up.

Well, next time I jump from a high cliff I will try it.

I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it, and then there's no bull or whatever, that can push up the price in the world ever again. The bitcoin game is over, as long as you can manipulate the market this way with less than 1.000.000 USD. It's a joke, any government of the world could destroy bitcoin at any moment it wants.

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.

[JayJuanGee]

People, I have to say this over and over and over again.
We will reach singularity when this thread reaches page 8888

ONLY 200 pages (plus a few page/post dumps), and we will be there, soon... it's INEVITABLE!!!!

[fonzie]

CHEAP COINS MOTHER FUCKERS!

not yet