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

[JayJuanGee]

Week could be closing at $400.00 (stamp).

It seems that my prediction from 90 minutes ago about "NEVER again $400 was wrong?" 

Bitcoin may NOT be dead, hm? 

I may have to reconsider and talk to lil doggie (she's engaged in self-grooming at the moment, so I don't want to bother her), or attempt to bring in Aminorex's monkey for a more reliable reading on future BTC price situation? 

[gnode]

taking back 400 tonight would be very encouraging

We are NEVER gonna see $400 again, EVER.


CUT YOUR LOOSE!!!!!!!!!

We are Never gonna see $399 again, EVER.

CUT YOUR GOOSE!!!!!!!!!

[oda.krell]

This is a first in Bitcoin history. Not even 2011 managed to go that far :/





Before I'm accused of trolling: No, I don't think Bitcoin is dead. Far from it. But in all likelihood, it'll take a long time to get out of this ditch again.


EDIT: week not closed yet, and I use hl2 as input not the traditional close, but it's pretty much the same picture either way.

[Argwai96]

10,856 shorts 

and longs went down today.

pretty sure poeple at bitfinex don't have a clue what they're doing...

Still lots of active USD swaps, though. With all this choppy action, it just seems like there are lots of traders (both bull and bear) who are either on the wrong side of the market, or are right on the cusp. Dangerous time to be holding any position, really. My eyes are on buying at mid-300s.

[Torque]

Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now?  Right now anything above $400 is just as fake as $399.99.

Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.

[ChartBuddy]

Explanation

[colour]

We are Never gonna see $399 again, EVER.

CUT YOUR GOOSE!!!!!!!!!

I have bad noose for you, Stamp dipped below 399 just now.

[adamstgBit]

We are Never gonna see $399 again, EVER.

CUT YOUR GOOSE!!!!!!!!!

I have bad noose for you, Stamp dipped below 399 just now.

[Carra23]

A small swing up would screw up the shorts nicely. Somebody having fun might try that.

Dreading Monday, has been bad on the first day for the last few weeks.

[adamstgBit]

Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now?  Right now anything above $400 is just as fake as $399.99.

Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.

if you didn't like the recent action, and find it encouraging for bulls anyway, you don't understand what you're watching.

[Torque]

Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now?  Right now anything above $400 is just as fake as $399.99.

Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.

if you didn't like the recent action, and find it encouraging for bulls anyway, you don't understand what you're watching.

There's nothing in this current market that is encouraging for bulls, not that I can see.  If we had a sharp bounce like we did back in May, that would be another story.

So what am I missing here?  Or are you just talking smack?

With comments like these you're starting to sound like another "Teflon Man", Adam.

[Davyd05]

Adam you buying Monday. I did Fri, Sat and now thinking of doing Mon buy as well. my ABP was 540cad so I need to re calc but it is so hard not to buy lol

[ChartBuddy]

Explanation

[JayJuanGee]

Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now?  Right now anything above $400 is just as fake as $399.99.

Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.

if you didn't like the recent action, and find it encouraging for bulls anyway, you don't understand what you're watching.

There's nothing in this current market that is encouraging for bulls, not that I can see.  If we had a sharp bounce like we did back in May, that would be another story.

So what am I missing here?  Or are you just talking smack?

With comments like these you're starting to sound like another "Teflon Man", Adam.

We each are probably going to have our own readings on this.. just like my little doggie and Aminorex's monkey... but ultimately, we can find some relief in the fact that prices are kind of holding in this $400 territory.. and that could signify bullish - even though some people are going to read the same behavior as bearish...

None of us really know, so sometimes, we still like to exaggerate our own self-righteousness in the process... which may just be playing around.. to some degree.

Just like currently, even though prices are below $400, I am a little afraid to predict NEVER again $400.. and then a couple of weeks ago, when prices went below $500, I had asserted that we would be back above $500 in a half an hour... and we have NOT been above $500 ever since... so what the fuck?

I think that a lot of us realize that one pretty good sized whale could cause an upward cascade.. that could bring prices into a $100 or even a $500 bounce upward.. but we have NOT been seeing any of that kind of action for several months... and there may be sort of a concerted acceptance from several big whales to realize that the time has NOT yet come for any kind of meaningful upward momentum.  I doubt that means that BTC is dead.. and maybe there could be some irreversible damage from sustained lower prices, but I even have my doubts about that because there are probably a few whales that already know that they can accumulate and even on their own bring prices into very profitable territory and even know that getting into these kinds of profitable territory is going to raise a lot of news and maybe even cause a certain public piling on that they would like to defer for a little longer (could be a week, could be a month could be a year... fuck!!!!!!)

[adamstgBit]

Has the market gotten so bad the people are seriously cheering a move from $399 to $401 now?  Right now anything above $400 is just as fake as $399.99.

Wake me up when we are back at $680 $510, then I'll believe some Average Joe's are actually buying again.

if you didn't like the recent action, and find it encouraging for bulls anyway, you don't understand what you're watching.

There's nothing in this current market that is encouraging for bulls, not that I can see.  If we had a sharp bounce like we did back in May, that would be another story.

So what am I missing here?  Or are you just talking smack?

With comments like these you're starting to sound like another "Teflon Man", Adam.

we saw a 2k wall pop up cancel and then dump to 390
market moved back over the 400 psychological level
we cheered.

[adamstgBit]

Adam you buying Monday. I did Fri, Sat and now thinking of doing Mon buy as well. my ABP was 540cad so I need to re calc but it is so hard not to buy lol

maybe... depends on price.  

just looking at virtex now, i'd be buying if i could right about now 

[mooncake]

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.)

In your view, what metric(s) can measure bitcoin adoption?

[adamstgBit]

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.)

i'm sure the fact that literally EVERYONES USD worth goes down with the price, has nothing to do with this chart we are looking at...

this is bogus chart that says nothing about adoption, but only used to prove your misleading false point that bitcoin is not cool.

bitcoin is cool!

[Davyd05]

Adam you buying Monday. I did Fri, Sat and now thinking of doing Mon buy as well. my ABP was 540cad so I need to re calc but it is so hard not to buy lol

maybe... depends on price.  

just looking at virtex now, i'd be buying if i could right about now 

have you tried that interac online 500 daily limit still get ya a bitcoin and some lol

[spooderman]

It's only 77 btc to take us over 400 again. Hell I'd buy that if I wasn't waiting to get mine in the mid 300s.