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

[ChartBuddy]

Explanation

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[samsonn25]

Every time I see this, I LOL.....

lmao

[derpinheimer]

350$ coins, coming soon!

Hmm, I dunno. It's at a really good point for an upward breakout right now.

Then again , the same goes for down. Both sides have accumulated nicely.

Still... I... Can't fight that feeling. Up!

[ChartBuddy]

Explanation

[cbeast]

Why good news drives down the price:
Most mining is in China. They hate America so much that any good news about the Capitalist Pigs makes them sell more bitcoins.

[ChartBuddy]

Explanation

[Davyd05]

my new theory is most of those who bought pre bubble and sold the 10x or high top of 800+ won't rebuy till were going above it where they regain some sort of trust in bitcoins value lol

[JayJuanGee]

mega dumps

poeple must be listening to Peter Shift ... https://www.youtube.com/watch?v=lMfoFlJhcck#t=65m49s  and thinking they can buy back at 10$

Peter Shift, predicted the housing bubble while it was bubbling, everything he says is pure GOLD!

I'm listening. LOL. He sounds like falling  

i bet hes got bids  

nice try petter

nice try

Thanks for que-ing that up Adam - to the Bitcoin section of Peter Schiff's discussion.  He talks such NON-sense out of his ass, but he attempts to make it sound so reasonable and measured.

Remember some of us began to believe that Peter Schiff  may have becoming more bullish on bitcoin  when his gold-selling website began to accept bitcoin as a measurement of payment.  Even though Peter attempts to frame that as merely practical, it does show a little supportive of the bitcoin infrastructure (even though he attempts to argue it as totally undermining bitcoin b/c he supposedly converts all of his received bitcoin into dollars, right away). 

In this video, Schiff does NOT exactly call any specific BTC bottom, but he asserts that the odds are pretty good that he is correct and BTC is on a downward slide, and he would NOT really feel comfortable gloating before BTC prices reach below $100, which he believes is going to happen sometime soon (without exactly specifying when).  Ultimately, a reasonable inference would be that Schiff is predicting NO more bubbles and NO more ATHs - though he does NOT assert that either.

Also, from his comments, a person would assume that Schiff would want to short BTC and/or to bet against it - though I have my doubts that he is doing that - even though he continues to trash-talk btc... Actually, sometimes when I listen to how knowledgeable that Schiff is about some of the market movements of BTC, I begin to think that maybe he has a stake in BTC or at least should take a hedging stake into BTC (just in case). 

Schiff is different from Jorge b/c at least Schiff is an investor in various assets - I don't know about whether Jorge invests in anything.. Maybe a 401k or stock index funds?

[JayJuanGee]

One more point.

I came across this reddit article:  http://www.reddit.com/r/Bitcoin/comments/2h6yl3/no_faith_in_bitcoin_profit_from_shorting_it/

 I found it very interesting that people are promoting some ideas about shorting BTC... which in principle would NOT be a bad idea, but getting involved in shorts NOW seems really looney.. .to suggest merely because BTC has  gone down in price for nearly 10 months that NOW would be a good time to learn about shorting.. or to get involved in shorting seems to be totally looney, in my thinking.

[ChartBuddy]

Explanation

[razorramon]

One more point.

I came across this reddit article:  http://www.reddit.com/r/Bitcoin/comments/2h6yl3/no_faith_in_bitcoin_profit_from_shorting_it/

 I found it very interesting that people are promoting some ideas about shorting BTC... which in principle would NOT be a bad idea, but getting involved in shorts NOW seems really looney.. .to suggest merely because BTC has  gone down in price for nearly 10 months that NOW would be a good time to learn about shorting.. or to get involved in shorting seems to be totally looney, in my thinking.

actually i see this as bullish....but are there even enough open btc swap positions? there were only a few a couple of days ago

[JayJuanGee]

One more point.

I came across this reddit article:  http://www.reddit.com/r/Bitcoin/comments/2h6yl3/no_faith_in_bitcoin_profit_from_shorting_it/

 I found it very interesting that people are promoting some ideas about shorting BTC... which in principle would NOT be a bad idea, but getting involved in shorts NOW seems really looney.. .to suggest merely because BTC has  gone down in price for nearly 10 months that NOW would be a good time to learn about shorting.. or to get involved in shorting seems to be totally looney, in my thinking.

actually i see this as bullish....but are there even enough open btc swap positions? there were only a few a couple of days ago

It's bullish that some articles are promoting the concept of shorting?  Some naive people may think, "oh, I can short BTC?  Maybe I should try that?" 

Which would really be stupid in my thinking for people to be shorting (or learning about shorting), now. 

Surely, there are a few of us, even in this thread that are probably contemplating shorting (or have already shorted around this price territory) b/c they believe BTC prices will go down somewhere between $50 and $350. 

I do NOT have enough confidence to even contemplate such.. and just like always, I feel fairly clueless about the short-term price direction of BTC.

[mmitech]

Address: 1Nz24Uvi7CVxKauY8tH95csES1QitEezDU
Message: *bling bling*
Signature: HO5RBo93lSzVBiiFC/OAxB0odA6a4ojCSlrJpKKcihXqfZPW8Clj59Sw7+LIeFHfInouNzXrM2bExVjqOweJinM=

 

just figured out how to do this...  

if i write my will and sign it with a bitcoin is it legal?

LMAO

a legendary member just found about how to sign a message !!!? well you are doing too much speculation... no wonder the price went to $1200, just too many guys like you.

[edwardspitz]

Woke up 2 hours ago and surprised to see we are still (barely) above $400. RSI is rising and quite a bit of support was taken out yesterday on Stamp. Although some of it is back and the breakdown attempt failed it is getting harder to see a bullish outcome from this sideways movement in my opinion.

[razorramon]

One more point.

I came across this reddit article:  http://www.reddit.com/r/Bitcoin/comments/2h6yl3/no_faith_in_bitcoin_profit_from_shorting_it/

 I found it very interesting that people are promoting some ideas about shorting BTC... which in principle would NOT be a bad idea, but getting involved in shorts NOW seems really looney.. .to suggest merely because BTC has  gone down in price for nearly 10 months that NOW would be a good time to learn about shorting.. or to get involved in shorting seems to be totally looney, in my thinking.

actually i see this as bullish....but are there even enough open btc swap positions? there were only a few a couple of days ago

It's bullish that some articles are promoting the concept of shorting?  Some naive people may think, "oh, I can short BTC?  Maybe I should try that?" 

Which would really be stupid in my thinking for people to be shorting (or learning about shorting), now. 

Surely, there are a few of us, even in this thread that are probably contemplating shorting (or have already shorted around this price territory) b/c they believe BTC prices will go down somewhere between $50 and $350. 

I do NOT have enough confidence to even contemplate such.. and just like always, I feel fairly clueless about the short-term price direction of BTC.

with the shorting-ads especially now it's very suspicious
after this long and crushing bear market shorting bitcoins still looks like easy money...but it acually makes you an easy target

of course it could go down to 250...but the chances that it goes to 450 "out of nowhere" are at minimum equal

[ChartBuddy]

Explanation

[Pala_00]

[edwardspitz]

One more point.

I came across this reddit article:  http://www.reddit.com/r/Bitcoin/comments/2h6yl3/no_faith_in_bitcoin_profit_from_shorting_it/

 I found it very interesting that people are promoting some ideas about shorting BTC... which in principle would NOT be a bad idea, but getting involved in shorts NOW seems really looney.. .to suggest merely because BTC has  gone down in price for nearly 10 months that NOW would be a good time to learn about shorting.. or to get involved in shorting seems to be totally looney, in my thinking.

actually i see this as bullish....but are there even enough open btc swap positions? there were only a few a couple of days ago

It's bullish that some articles are promoting the concept of shorting?  Some naive people may think, "oh, I can short BTC?  Maybe I should try that?" 

Which would really be stupid in my thinking for people to be shorting (or learning about shorting), now. 

Surely, there are a few of us, even in this thread that are probably contemplating shorting (or have already shorted around this price territory) b/c they believe BTC prices will go down somewhere between $50 and $350. 

I do NOT have enough confidence to even contemplate such.. and just like always, I feel fairly clueless about the short-term price direction of BTC.

There is nothing wrong with a little shorting, but I agree you have to be careful. I think all newbe traders should try it at some point, because you learn something about market behaviour. But right now is maybe not the best time to experiment with large amounts 

[Davyd05]

think arb bots are making money... with the spread between btc-e and almost all exchanges?

[Davyd05]

http://blog.okcoin.com/2014/09/23/okcoins-new-maker-taker-fee-model-illustrated/

Dem Asian dumps?