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

[raid_n]

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

That "link" is the image encoded in base64.

[Malin Keshar]

I tried to copy the link of your image.. I was surprised of how long it is so I thought of pasting it to show it to you then I got this :

That "link" is the image encoded in base64.

Guess he selected copy image, not copy image addresss

[Argwai96]

I don't see anything too bullish here yet. There is maybe a triangle developing here. But we never even made the 61.8% retracement from the last major move, and now just consolidating a bit above the bottom. Seems like continuation coming most likely. But keeping my eyes open for a bullish move.

This. Rallies are not supposed to be this boring. General rule of thumb... a rally without volume doesn't hold. That said, I don't know if we'll go much lower than we already have or even lower than the low from the other day at all... we have to test it again, though.

The most important thing is that sellers get exhausted. But I haven't seen the type of spike in volume or momentum to indicate that -- and we won't fly to the moon at this snail's pace. So, my thinking is that we are burning off steam from that corrective rally to 430s and are gearing up for more down.

[JayJuanGee]

I am thinking i might liquidate some of my share portfolio and buy another 100 coins or so at this price or lower. I am a long term bull and tend to ignore the short term technicals. Unless 'bitcoin is finished' then any price around here or lower is a great entry. I originally bought in march april 2013 and have added on dips this year. Someone talk me out of it!

You know I have been having the same kinds of thoughts and I am NOT sure about whether to act now or to wait until 2015.. a new tax year (for tax purposes).... .. fuck.. tough  to decide.. and easily I could add an additional 100 or 200 BTC at these prices...

[empowering]

The atmosphere is collapsing !!

sorry wrong thread, wrong house even..

 

[ChartBuddy]

Explanation

[empowering]

http://tvnz.co.nz/world-news/white-house-intruder-worried-atmosphere-collapsing-6087399

I am sure he meant "Bitcoin" not "the atmosphere... they just must have heard him wrong...

[JayJuanGee]

Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr.

Can you withdraw and create a self-directed IRA with the tax deferred portion?

[lemonte]

Wish we had an etf to invest in already. Then i could buy through my trading account and keep it in my tax free wrapper. Grr.

Can you withdraw and create a self-directed IRA with the tax deferred portion?

Lovely 400 + dump on a Sunday evening just now!

[JayJuanGee]

i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss.

today is a good day to buy.
 

You can only declare capital loss if you actually sell.. which in my thinking would NOT be a smart thing to do (to lock in losses), especially when we can anticipate with pretty decent levels of confidence that if you wait sufficient amount of time that loss on paper is going to evolve into a gain NO MATTER at what price you bought at in the past... so long as you wait it out.. it may take a year.. but whatever..  Personally, I would rather have a gain than a loss.. , even if I have to pay taxes on the gain.

[JayJuanGee]

i'd like to remind everyone that if you buy bitcoin and it goes down on you, you can and should delaire capital loss.

today is a good day to buy.
 

You can only declare capital loss if you sold it.  If you sold it then it means you were scared about the price loss from when you bought it.

Assuming you sold it and it went down more, one could say they saved money by buying back in at a lower price.

You said it first... 

[jonoiv]

http://s2.postimg.org/jao639jp5/image.png[/img]]
source :
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions are steadily increasing, suggesting adoption is still on the up.

 I think a mini rally is brewing.

[ChartBuddy]

Explanation

[colour]

And price just broke 400 again on Stamp and Finex...

[JorgeStolfi]

Transactions are steadily increasing, suggesting adoption is still on the up.

Well, however, this chart of USD transaction volume per day (excluding apparent change-backs) does not show steadily increasing adoption at all. Either adoption has been stagnating, or slightly decreasing, since January; or e-payments account for only a small fraction of the transaction volume.  (My guess is the latter.)

If we look closely at your chart, even the number of transactions per day has hardly increased from January to August (60'000 tx/day), and is now only slightly higher than it was in March (74'000 against 72'000).

Bitcoin traders need to create their own association (with a modest fixed fee, so that it will not be dominated by whales).  Part of its mission should be to obtain reliable economic data and other information relevant to traders, and push for more transparency at exchanges and other bitcoin ventures.  You will never get that from the Shrem Karpeles & Friends Foundation, or from the bitcoin news outlets.

[Argwai96]

And price just broke 400 again on Stamp and Finex...

Break below and back above again. This is choppy, alright. I'm still really unclear on where this will go next.... I think $420 and definitely $440 are resistances we are unlikely to pass. And I have my sights set on $340 or a bit higher before we see a nice rally.

[yokosan]

http://s2.postimg.org/jao639jp5/image.png[/img]]
source :
https://blockchain.info/charts/n-transactions?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Transactions are steadily increasing, suggesting adoption is still on the up.

 I think a mini rally is brewing.

Agree with you 100%...

We are on the verge of the biggest bubble ever....

https://www.youtube.com/watch?v=HCm6gRHINqA&t=1m22s

I think something is required to take us over the tipping point, I suspect that will be circle going live out of beta.

[fonzie]

Cheap coins @ Bitstamp - 1500BTC for 400$.  

[adamstgBit]

i see a wall! 

[Argwai96]

We are on the verge of the biggest bubble ever....

People are still calling for bubbles? Maybe we should break the bear market first. I don't think the relationship between transactions and price is clear at all (it could also be manipulated pretty easily).