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

[ShroomsKit]

I do know some pro-traders who are looking at 360 for the big move in either direction (they are big on technicals, I am not schooled). We are really staring down the barrel of a gun or rocket to the moon right here. If we hold over 360 I'm going all in

And that rocket. Where does the fuel come from exactly?

[touhonoob]

I do know some pro-traders who are looking at 360 for the big move in either direction (they are big on technicals, I am not schooled). We are really staring down the barrel of a gun or rocket to the moon right here. If we hold over 360 I'm going all in

buy buy buy
I just bought coins worth half of my savings

[btcney]

350 is bottom

[heartastack]

I do know some pro-traders who are looking at 360 for the big move in either direction. We are really staring down the barrel of a gun or rocket to the moon right here. If we hold over 360 I'm going all in

Be careful with this, floating above $360 even for a few days doesn't mean that it will not break after.
Support is weak for such an important price area.

I'm pretty conservative, I would like to see 1 month + above 360 and preferably 380 before investing my hard-earned. Not interested in risking everything for a couple of dollars lol

[heartastack]

I do know some pro-traders who are looking at 360 for the big move in either direction (they are big on technicals, I am not schooled). We are really staring down the barrel of a gun or rocket to the moon right here. If we hold over 360 I'm going all in

And that rocket. Where does the fuel come from exactly?

Traders and speculators of course. The same (kinds of) people selling all these god damn coins

[prophetx]

Idk wtf happened to the dollar in July but things are seriously out of whack since then and its accelerating, am I missing something obvious? (that doesn't come wrapped in tinfoil ).
(Relevant to thread because significant moves over the last month or so inversely correspond to moves on the dollar index).

end of quantitative easing announced, EC bank announced something like $1 trillion money printing...

http://www.forbes.com/sites/jonhartley/2014/09/08/draghis-case-for-ecb-quantitative-easing/

also Japanese announced similar early in the year

in the USA that means interest rates go up so the cost of money goes up so people become more risk averse in the portfolio allocations...

[NotLambchop]

...
I am sure Risto has better things to do than hang out on this thread.

He did post this yesterday: https://bitcointalk.org/index.php?topic=400235.msg9059481#msg9059481

Unless we make a significant new low (below $266 would qualify), we have just made a multi-month double bottom, an incredibly bullish signal, way more bullish than the 1-month double bottom at $2 in 2011.

As usual, his comments are helpful in keeping me level headed in all of these drops!  

I know, right?
Risto's a man of science, his methods are sound and made clear in his Bitcoinology dissertation, here reproduced in its entirety:

[heartastack]

...
I am sure Risto has better things to do than hang out on this thread.

He did post this yesterday: https://bitcointalk.org/index.php?topic=400235.msg9059481#msg9059481

Unless we make a significant new low (below $266 would qualify), we have just made a multi-month double bottom, an incredibly bullish signal, way more bullish than the 1-month double bottom at $2 in 2011.

As usual, his comments are helpful in keeping me level headed in all of these drops!  

I know, right?
Risto's a man of science, his methods are sound and made clear in his Bitcoinology dissertation, here reproduced in its entirety:

Mrs. Krabappel and Principal Skinner were in the closet making babies, and I saw one of the babies, and then the baby looked at me.

[AirFlame]

350 is bottom

$340 i bottom. Exacly $339 if people penetrate this then the hell will break loose

[gerubg]

http://i60.tinypic.com/2nakwvq.jpg

Google trends looks interesting.

[prophetx]

What happened to these posts?

"Big money is dying to get in at lower prices"
"New people will get in once Bitcoin is affordable again"
"Cheap coins!"
"Bearwhale will buy back once he can get cheap coins"
"I can't wait for the price to go down"
"We must hit $xxx before we can go up again
Etc.

Month after month i was told that going down was actually a good thing.
What happened? Not so good anymore?
Even the bears stopped cheering.

Looks like many are giving up. They finally are finding out we won't magically go up after they got their cheap coins.
It took em months of cheering for cheap prices to find out.

you need to think about psychology of markets and people.

what you want to see is a bunch of the rats abandon ship, people on the bitcoin foundation board resign and move on to "bigger opportunities"; let new blood flow into the system

bitcoin dev's quit and move on to other things which will have the effect of accelerating innovation.

those are the signals i look for.

that should have already have happened except that the stupid willybot thing really messed up the cycle.  so now we get to suffer a little longer.

and it is not for sure that btc will be the dominant player however it may be the dominant design which means that it might be doge or something else but not the "brand name" as we think.

i want to see some people on the dev side quit and move along, as well as some of the CJ conventions close shop, then gradual price increased couple with higher trading volume and transactional volume, then i will believe in the next move up.

[podyx]

Google trends looks interesting.

Look at the 12 month and 90 day period and it don't look very interesting

[AirFlame]

What happened to these posts?

"Big money is dying to get in at lower prices"
"New people will get in once Bitcoin is affordable again"
"Cheap coins!"
"Bearwhale will buy back once he can get cheap coins"
"I can't wait for the price to go down"
"We must hit $xxx before we can go up again
Etc.

Month after month i was told that going down was actually a good thing.
What happened? Not so good anymore?
Even the bears stopped cheering.

Looks like many are giving up. They finally are finding out we won't magically go up after they got their cheap coins.
It took em months of cheering for cheap prices to find out.

you need to think about psychology of markets and people.

what you want to see is a bunch of the rats abandon ship, people on the bitcoin foundation board resign and move on to "bigger opportunities"; let new blood flow into the system

bitcoin dev's quit and move on to other things which will have the effect of accelerating innovation.

those are the signals i look for.

that should have already have happened except that the stupid willybot thing really messed up the cycle.  so now we get to suffer a little longer.

and it is not for sure that btc will be the dominant player however it may be the dominant design which means that it might be doge or something else but not the "brand name" as we think.

i want to see some people on the dev side quit and move along, as well as some of the CJ conventions close shop, then gradual price increased couple with higher trading volume and transactional volume, then i will believe in the next move up.

For me access for bots to markets should be shut down ! They only make chaos. One willy start to sell and all willys chaos start.

[MNDan]

This is definitely starting to feel like blood in the streets. Which reminds me of a saying...

[hdbuck]

Bitcoin immersion cooled mining container ready to rumble...

Any news you guys would like to share

You realize that's a shop, right?  The rest of the containers are ordinary refrigerated 40-footers.

That's at the container factory in China, where DataTank No. 1 was produced this summer.

https://drive.google.com/a/allied-control.com/folderview?id=0ByWHHc0u_thNMWRpd0QybHBCRzQ&usp=drivesdk&ddrp=1#

[Richy_T]

end of quantitative easing announced, EC bank announced something like $1 trillion money printing...

It's not the first time they've announced the end of QE. It's not actually occurred so far. They've painted themselves into a corner.

[ChartBuddy]

Explanation

[podyx]

Seriously considering if bitcoin is slowly dying out

This is the longest bearmarket bitcoin has ever seen. If bitcoin ever were to die out, now would be the time. I doubt it would die out at when we are at $5k+

This guy gets it.

That bitcoin will die out at this stage seems completely unrealistic to me but one must understand the significance of asking the right questions

[touhonoob]

Daily growth rate of hashrate

http://bitcoin.sipa.be/growth.png

[grappa_barricata]