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

[_javi_]

The only thing that gives me some consolation is that Tim Draper is WAY more in the red on his bitcoin investment than I am.

Unless.... he's the one doing all the selling.  

i thought the same. rofl.

[Searing]

There were tons of people here saying that we will not see 300's again. Where are you all now?

I'm here...(raises hand) ...er what can I say 'oops'

[mrkavasaki]

any reason why we drop so LOW?

[Torque]

any reason why we drop so LOW?

Yeah, I can think of one:  NO BUYERS

[adamstgBit]

any reason why we drop so LOW?

many...

unfortunately

[MoreFun]

I haven't heard much about the Bitcoin ETF lately.  There seemed to be some consensus that it would open by the end of 2014.  Maybe an "entity" of some sort knows something the rest of us do not know yet?  This would explain a lot about why the price is being desperately pushed down.

i think they keep filling it and it keeps getting rejected, someone posted a link the other day and you could see them filling it every few months.

not sure if legit or even how these things work tho...

maybe regulators are waiting for the "bottom" to open it up to the public?

idk.

SEC rejects application for Winklevoss COIN ETF due to Bitcoin's apparent slide toward death.  More news at 11.

/sarcasm

Now that would depress me!  But things were looking good, especially with the hiring of  Kathleen Moriarty, a lawyer that has had great success in getting ETFs pushed through, even ones that are not as valid as a Bitcoin ETF would be.  Just my thoughts.  Patience people.

You are expecting too much of the news and some minor events (spotted multiple times). This market is not run by the news.

True.  News hasn't seemed to effect the price much lately, and perhaps you are right that my expectations are unrealistic.  

But I think that the ETF will be a little different in that it opens a door for a different kind of investor to get involved with BTC and there are millions of dollars that could very easily be thrown into BTC in a matter of days or weeks.

Why you think so? Others said so about ETF right... ? Look at my post about ETF few days ago. ETF could bring higher prices, but not because of ETC, but because of usage, performance and traction of BTC. ETF can also bring even lower prices if Bitcoin is not doing well (all these millions can short it).

[Raystonn]

Ok, we all sell everything at the end of the countdown...  We create a a giant high-volume candle and mark the bottom.  Ready?  Please help me count, everyone...

10...

[ShroomsKit]

any reason why we drop so LOW?

Yes because 1 or more persons are dumping insane amounts of coins without giving room for any growth. I thought that was clear by now.

[ChartBuddy]

Explanation

[Davyd05]

i can hope

what cha'll worried about DanV was calling for this in the flat correction call.

[uhoh]

What an exciting day!

[adamstgBit]

Ok, we all sell everything at the end of the countdown...  We create a a giant high-volume candle and mark the bottom.  Ready?  Please help me count, everyone...

10...

lets count slowly

the buzzer goes off at 10PM

[tarmi]

The Lord gives and the Lord takes away.

we call it wealth transfer these days.

[esse83]

...
As long as I am holding and not selling (or just buying at these prices) the "whales" are the desperate ones.  They are doing everything they can to try to pry my hands open but as I holder I am not giving my "power" away.  

Hold on!  Make those whales suffer.  

>Unchecked love of money
>Christianity

Eww.

Just because I am  "christian" does not mean that I cannot be a women that fears God and invests in something:

From proverbs 31: 16 She considers a field and buys it;
    with the fruit of her hands she plants a vineyard.
17 She dresses herself with strength
    and makes her arms strong.
18 She perceives that her merchandise is profitable.

]I perceive Bitcoin as profitable.  That is all.  It is not wrong.  The Lord gives and the Lord takes away.  If Bitcoin goes to zero tomorrow, at least I was looking for something I perceived as "profitable" and I have done nothing wrong.

Why such hate?

Price going down is good for you:

"Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God." Matthew 19:24

If you become rich you go to hell.. just saying. And that quote about manual honest labour is not comparable to this investment scheme you got going on (make everyone else work for your riches).

[MoreFun]

Ok, we all sell everything at the end of the countdown...  We create a a giant high-volume candle and mark the bottom.  Ready?  Please help me count, everyone...

10...

Just do this on chinese exchanges without fees and trade 100 BTC back and forth 500x. Job done. Bottom reached. Price goes up. Holders happy. Bitcointalk.org happy. Bitcoin happy. Satoshi happy. Everyone happy.

[ImI]

I haven't heard much about the Bitcoin ETF lately.  There seemed to be some consensus that it would open by the end of 2014.  Maybe an "entity" of some sort knows something the rest of us do not know yet?  This would explain a lot about why the price is being desperately pushed down.

i think they keep filling it and it keeps getting rejected, someone posted a link the other day and you could see them filling it every few months.

not sure if legit or even how these things work tho...

maybe regulators are waiting for the "bottom" to open it up to the public?

idk.

SEC rejects application for Winklevoss COIN ETF due to Bitcoin's apparent slide toward death.  More news at 11.

/sarcasm

Now that would depress me!  But things were looking good, especially with the hiring of  Kathleen Moriarty, a lawyer that has had great success in getting ETFs pushed through, even ones that are not as valid as a Bitcoin ETF would be.  Just my thoughts.  Patience people.

You are expecting too much of the news and some minor events (spotted multiple times). This market is not run by the news.

True.  News hasn't seemed to effect the price much lately, and perhaps you are right that my expectations are unrealistic.  

But I think that the ETF will be a little different in that it opens a door for a different kind of investor to get involved with BTC and there are millions of dollars that could very easily be thrown into BTC in a matter of days or weeks.

Why you think so? Others said so about ETF right... ? Look at my post about ETF few days ago. ETF could bring higher prices, but not because of ETC, but because of usage, performance and traction of BTC. ETF can also bring even lower prices if Bitcoin is not doing well (all these millions can short it).

wrong, an etf like that winklevii are trying to get accomplished cant be shorted. in other words no btc could get sold that werent bought by the trust before. NO naked short selling!

[exocytosis]

There were tons of people here saying that we will not see 300's again. Where are you all now?

Actually, a few months ago, there were tons of people here saying we would never see the 500's again as well. And when we were above 1000, there were tons of people here saying we would never see sub 1000 prices again. A lot of the regular posters here actually said such things.

At least a few of those people now claim we're going to 10k by Christmas.

The lesson is this: Never listen to the bulltards and cultists.

[ShroomsKit]

...
As long as I am holding and not selling (or just buying at these prices) the "whales" are the desperate ones.  They are doing everything they can to try to pry my hands open but as I holder I am not giving my "power" away.  

Hold on!  Make those whales suffer.  

>Unchecked love of money
>Christianity

Eww.

Just because I am  "christian" does not mean that I cannot be a women that fears God and invests in something:

From proverbs 31: 16 She considers a field and buys it;
    with the fruit of her hands she plants a vineyard.
17 She dresses herself with strength
    and makes her arms strong.
18 She perceives that her merchandise is profitable.

]I perceive Bitcoin as profitable.  That is all.  It is not wrong.  The Lord gives and the Lord takes away.  If Bitcoin goes to zero tomorrow, at least I was looking for something I perceived as "profitable" and I have done nothing wrong.

Why such hate?

Price going down is good for you:

"Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God." Matthew 19:24

If you become rich you go to hell.. just saying. And that quote about manual honest labour is not comparable to this investment scheme you got going on (make everyone else work for your riches).

Like a good christian she cherry picks only certain parts of the bible that she can live with. Others, like yours, are simply ignored.

[POM]

Feel sorry for all the hashers at cex.io  
i pulled the plug at ~$400/BTC when maint fees cost more than i mine

[CoinThinker]

How low can we go?

To be honest - we are already lower than I would have thought...

Exactly to ZERO. As you can see there are no big selling walls at all, no large sells or higher volume as usual... It simply nobody wants to invest his money in Bitcoin anymore because:

1. For every human being with a functional head on his neck it is very clear that pushing down the price, and then that magically will raise anyway can't and will NOT work forever; one of the falls will be a non-reversable fall, and there were so many already, that the risk of this is going to be the real one, is getting higher and higher; so speculators and get-rich-quick whales are pulling off, liquidating their bitcoins and stay away from this market in the future.

2. Market lost it's confidence in Bitcoin (exactly because it can be manipulated so easily). Can you imagine that a 10.000 BTC "wall" would actually mean only 3.600.000 USD? Can you see the devastating effect if somebody would raise such a big wall? Price would drop faster than you can possibly imagine. This means that whenever anybody wants to shut down Bitcoin (let's say the US government), they could make it anytime they wish.
Now imagine fiat, namely USD. Try to "dump" 3.600.000 USD to manipulate dollar's value... it's a joke, you can't.

I really believed in Bitcoin, and I feel sorry for it. I still hold a few of them, and I keep telling myself from the 600 mark that I keep it, I keep it, I keep it... Now I see that it would have a very smart decision to sell that time, and I know that they will remain in my wallet forever, because they will become worthless... it's just that I don't sell for this price, because I am a sentimentalist fool... but if I would have more brain than heart then I would sell them ASAP.