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

[rebuilder]

Let them dump. If Bitcoin is a viable idea, it will survive. Bitcoin's survival depends on its utility, and market price of a coin mostly doesn't affect that. If bitcoin is useful, anyone trying to suppress the price will lose their shirt if they're insistent. If not, they're doing everyone a service.

If this is true, it should not matter if the "market" price of Bitcoin is .10 cents or $1000.  People maybe confusing a bitcoin for a lottery ticket

Some price support exists based on non-speculative usage. BTC below this price is unsustainable for long unless usage contracts and unsustainable above it unless usage grows. We just don't have a better way of determining what this price should be than this market aproach, which invites speculation with its benefits and excesses.

[FNG]

as can see from this graph the dollar is rising for it's third peak in five years.
each peak is followed by a crash.

Crazyness...but understandable in the sense that every currency wants to devalue against the USD...how long until the madness ends..

[intighet]

someone doesn't want the price to go up

We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?

They're don't even care that its so obvious as well. Goes to show that they view the market as consisting of pussies and weak girly boys who really can't touch them. They are freely running around gaping asses and no one can do anything but bend over and take it like a little bitch.

They are bound by the laws of game theory and the natural dynamics of the market, just like everyone else. All you have accomplished with this post is circularly self-describe and tautologically affirm your own opinion.

[aztecminer]

as can see from this graph the dollar is rising for it's third peak in five years.
each peak is followed by a crash.

Crazyness...but understandable in the sense that every currency wants to devalue against the USD...how long until the madness ends..

maybe when the dollar finally makes it's final crash; which is likely sooner than later.

[Richy_T]

The whole way upwards was manipulated by fake China volume, Gox bots and whale manipulators. Don't kid yourself by saying the way to 1163 was natural.

Don't forget the whole "The only way to get anything out of Gox is though bitcoins"

[solex]

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.

They are not trying to take us down, they just know that when they dump, they'll be able to buy whatever they sold back at a cheaper price. It'll continue until that is no longer the case. Then it will probably be time to pump.

I don't believe this anymore. I see people dumping tons of coins. I don't see them buying tons of coins back.
Either way, they are destroying the market. On purpose ot not. It doesn't even matter. Same thing. They won't stop till it's dead.

Since the peak at the end of last year some enormous ASIC farms have been built. These need to be funded, and that is by selling bitcoins. The whole network has become far more secure against attack, but this has cost million$. Now it is a war of attrition between major miners to remain profitable. Soon it will be cheaper to buy coins in the market than anyone can mine them, difficulty stops climbing and plateaus (until there is a step-change in chip tech). Maybe $370 is the break even for all miners. If so, this will put a floor under the price. The bottom chart is important.

[klee]

What is really depressing is that if we are 1M BTC users it should be in theory easy to add another 100K new users that each one would invest 1000$.

That is 100M fucking USD - bye bye market makers!

But...

EDIT: Where the fuck is the expo growth in users?
EDIT2: Walls will be eaten soon

[ShroomsKit]

We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?

You're just one of those cultists who think upwards movement is natural and downwards movement is manipulation.

The whole way upwards was manipulated by fake China volume, Gox bots and whale manipulators. Don't kid yourself by saying the way to 1163 was natural.

Where do i claim the way up was natural. Stop making shit up. On ignore you go. Buh bye.

[DutchTrades]

We can see the 1200 wall as an obsticle, but also as a chance to buy a big amount of coins at a very low price.

EDIT: one wall down. 600 coins to go
ÉDIT: shit, both walls combined.

[klee]

Half pulled

[Ivanhoe]

Half pulled

Moved up to 390.

Edit : and now all moved down to 385 again.

[klee]

1648 

[ChartBuddy]

Explanation

[klee]

2300BTC wall 

[i dig bitcoins]

someone doesn't want the price to go up

We're not allowed to go up. After 9 months of going down and reaching a very low point, even now we're not allowed to go up.
This aren't people who want cheap coins. They simply try to kill the market. There is no other logical explanation for this behaviour. These guys won't stop till we reach 0. They just won't stop. So fucking tired of it.

That there still are people here who say this is normal market behaviour and there is no manipulation and there is noone trying to take us down is beyond me.
How much more obvious do you want it?

They're don't even care that its so obvious as well. Goes to show that they view the market as consisting of pussies and weak girly boys who really can't touch them. They are freely running around gaping asses and no one can do anything but bend over and take it like a little bitch.

They are bound by the laws of game theory and the natural dynamics of the market, just like everyone else. All you have accomplished with this post is circularly self-describe and tautologically affirm your own opinion.

Man, you sure are one solipsistic S.O.B. If you don't like what I have to say ignore me and  firme le buche, comprende partner ?

[BitChick]

2300BTC wall 

C'mon someone.  Buy it all at once.  I would love that!!! 

[klee]

2300BTC wall 

C'mon someone.  Buy it all at once.  I would love that!!! 

Hehe, he pulled the 660 back

[mmitech]

What is really depressing is that if we are 1M BTC users it should be in theory easy to add another 100K new users that each one would invest 1000$.

That is 100M fucking USD - bye bye market makers!

But...

EDIT: Where the fuck is the expo growth in users?
EDIT2: Walls will be eaten soon

when Bitcoin reached $1100 and was all over the news many people around me was really curious about it so I naturally explained everything to them, many asked me when to invest, and I always replied that it doesnt really matter long term, I told almost everyone buy and hold and after a year or so rethink your position.

guess what, my best friend bought almost at the top of the bubble (~$1120) my ex-boss bought this year (I think march or February) around $650.... all of people that I introduced to bitcoin are so much in the red, these people for sure wont recommend Bitcoin to anyone they know... I even regret answering their questions, I feel some kind of guilt because of their loss... now if anyone asks me I respond with I don't know and do your research on your own.

[DutchTrades]

Seems like no one is selling!

We can win this fight guys


If the wall will be teared down, 30 September 2014 will go into the history books as the day that the manipulators where beaten.

[klee]

What is really depressing is that if we are 1M BTC users it should be in theory easy to add another 100K new users that each one would invest 1000$.

That is 100M fucking USD - bye bye market makers!

But...

EDIT: Where the fuck is the expo growth in users?
EDIT2: Walls will be eaten soon

when Bitcoin reached $1100 and was all over the news many people around me was really curious about it so I naturally explained everything to them, many asked me when to invest, and I always replied that it doesnt really matter long term, I told almost everyone buy and hold and after a year or so rethink your position.

guess what, my best friend bought almost at the top of the bubble (~$1120) my ex-boss bought this year (I think march or February) around $650.... all of people that I introduced to bitcoin are so much in the red, these people for sure wont recommend Bitcoin to anyone they know... I even regret my answering their questions... now if anyone asks me I respond with I don't know and do your research on your own.

I bought my first coins in the first bubble at 28 but I dont bitch around like a girlie man.

MAN THE FUCK UP