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

[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.

[adamstgBit]

looks like a bounce in progress...
could this be bottom
no way.
it will go lower!
 

[BitChick]

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.

I confess. I was one of them.  Here I am.  But there will come a day when we won't see these prices again.  It can happen quickly and we might even think it will go back down (when we left the 100s many people figured we would eventually go back there but we never did.  It happened quickly too)

There is a reason we say these things.  But, hey,  you don't have to listen to us.  

[Searing]

any reason why we drop so LOW?

from my imperfect understanding some china exchanges have "no fees' or really low fees to trade..people
can do what is known as 'wash trading"

see link

http://www.investopedia.com/terms/w/washtrading.asp


as you can read above that is not good...but to top if all off people are all taking this on credit

1x a month you have to cover your losses or be happy on your gains....ie no gains btc is tanking

well with all this wash trading and other activity ...(not legal in usa)

this helps drive price down as well as dumping to usd of all the giant farms..no one holding BTC

as much anymore.. BTC's price imho is at the mercy of manipulation in trades and short term

cash out at the big mining operations..and no consumers to balance this 3rd leg of the 3 legged chair


all this has panic'd everyone who got into btc before say $150 usd (note: that is when I will catch up on my panic FYI)
is proably ok

people who bought in a $950 usd as say newbies back then got in at... they are getting out asap

so newbie's flooded into mining and BTC in fall 2014...now they are flooding out in mass as well

hard to keep price high ...if all the support goes away

all great fun and games ..except all this stuff pushes the bottom for the next go around

anyway this could end below my $150 btc buy in last oct 18th so I should not joke

[Davyd05]

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.

so much butt hurt commentary everywhere.. my gosh..no wonder were in bear mode lol

[JayJuanGee]

Wasn't Gabi supposed to take us to the moon? What usernames were repeating that every day? Why do i never see anyone here saying they were completely wrong and delusional?

Doesn't GABI allow for a lot of the same things that the COIN ETF would allow for?

[hd060053]

the dumper is sleeping now and price will regenerate a bit to 360-370.

tomorrow dumping continues until he runs out of coins

[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.

I confess. I was one of them.  Here I am.  

That's actually mature of you. I'm glad you're being honest.  

[InvestorPerson]

Hmm...had a terrible thought....I started mining on Oct 18th 2013....BTC was $150

it is now Oct 3rd 2014

not sure if I'm liking this 'reset' of a trend don't ya know

It's obviously extremely bad for Bitcoin. Anybody who thinks otherwise is delusional. There is nothing, really nothing positive about this 10 month downtrend.

but but CHEAP COINS

[fonzie]

RUN BOY RUN

[Schickeria]

Why such hate?

You should better not argue with people who obviously...ignore it. If not it could depresse you and that's the target.

[MoreFun]

the dumper is sleeping now and price will regenerate a bit to 360-370.

tomorrow dumping continues until he runs out of coins

He won't run out of coins cause he doesn't dump a lot, if he dumps, he do it in his own walls or he buys with some stupid buys later.

He is not cashing out, he just wants to convience all that he is cashing out. He wants us to cash for him to accumulate so he could run the next bubble loaded.

[ImI]

Wasn't Gabi supposed to take us to the moon? What usernames were repeating that every day? Why do i never see anyone here saying they were completely wrong and delusional?

Doesn't GABI allow for a lot of the same things that the COIN ETF would allow for?

no

a etf means anyone who could buy some stocks at NASDAQ can buy BTC easily as much as he like. pretty big step for bitcoin.

GABI is a hedgefund that only a fraction is allowed to invest and that has high minimal orders. also GABI lets you enter or leave only once a month.

-> completely different game as an ETF

[BitChick]

...
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.

Seriously?  I try very hard not to pick and choose.  Yes, it is easier for a camel to go through the eye of a needle than for a someone who is rich to enter the kingdom of God.  But you forgot the next verses after that which are: 25When the disciples heard this, they were greatly astonished and asked, “Who then can be saved?” 26Jesus looked at them and said, “With man this is impossible, but with God all things are possible.”

Thankfully even I can be saved!   Although there are many that are much richer than I (especially today!)  But the point is that our riches can be a distraction and we can trust in our money more than we trust in God.  Also, it is the LOVE of money that is the root of all evil, not money.  There were many rich people in the Bible that did great things and God used them and their riches to help others.  It is a tool.  That is all.  I don't want to get into this more.  It will just annoy people.  No one wants to discuss religion on here usually, even if it could get our minds of the price right now.

[adamstgBit]

lol we managed to make a new low 355.2 while its trying to bounce

really weird

[NotLambchop]

...
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?

I hate hypocrites like you.  You make Christianity seem trivial and absurd.  Stop claiming to be a Christian and quoting verse.  You are sick, money changer.

And when thou prayest, thou shalt not be as the hypocrites are: for they love to pray standing in the synagogues and in the corners of the streets, that they may be seen of men.

[exocytosis]

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.

I'm in the exact same situation. I really hope Bitcoin can make it through this, but I don't think it can. This is the final capitulation. It will probably last for months and months.