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

[Walsoraj]

https://xrptalk.org/topic/4098-innotribe-rabobank-is-experimenting-with-ripple/

 

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

[adamstgBit]

dumper is pretending to be gone?

[mrkavasaki]

ripple is just a fucking SHITCOIN!!!

[Davyd05]

280-320$(2000 CNY) seems dobale. This won´t stop @ 340$. Too much panic(stop-loss) will activated around there. BTC-E already broke it. Buyers have left the building. Bear traget has not been reached).
Good night and good luck.

Still long or already shit out and sold?

No longs right now. 50% cash, 50% BTC.

There will definitely a bounce somewhere, i just have no idea @ which price that will be.

300 ema at @330 usd bitsamp is my guess. That still requires another wave of panic dumping. Think I am going to buy a coin now and one then if its bounces.

[Eddie Brock]

so what happens around here when there's real despair?  like the $30 -> $2 drop back in the day - does it get quite?  People no longer in pain since it's such a massive drop?  Or people just think it's over?

The difference that I see between 2011 and now, is that in 2011 nobody knew about btc. Now the public has heard of it, and this big price decline will hurt btc's image quite a bit imo, in the minds of A LOT of people. Hearing that people are going broke all over the place thanks to btc doesn't make you want to invest in this technology

I mean reddit posting the suicide line, etc is not good publicity

[Davyd05]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

only creedance I can add is someone speculating on fiatleak numbers was saying USD/BTC was @ higher volume than YUAN/BTC

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

only creedance I can add is someone speculating on fiatleak numbers was saying USD/BTC was @ higher volume than YUAN/BTC

We will see soon.

[0x3d]

PPC

This is definitely my favorite chart for the last months. Is there a name for this pattern?   

That's the world-famous "Tintin's dog who's name I can't remember, carrying a Nono letter"-pattern

[JayJuanGee]

$341 ... damn.

That is NOT a stamp price because the lowest stamp price today, so far has been $353.75.

[adamstgBit]

anyone else having blast buying? 

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end.  Is there a three day grace period?  

[adamstgBit]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end.  Is there a three day grace period?  

isn't more like 3 month "grace period" ?

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end.  Is there a three day grace period?  

isn't more like 3 month "grace period" ?

Nooooooooo! 3 more months!  

Selling. . . .

edit:  Just kidding of course.  But if the whale sees that such a long term uberbull hodler is selling I might convince him the bottom is in. 

[mrkavasaki]

bitcoin ruined my fucking live

[gnode]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end.  Is there a three day grace period?  

fiscal years end on a Friday so Oct. 3.

[dakota neat]

If bitcoin survises that fucking 2014 I'm happy enough.

[BitChick]

Okay here is a theory for comment.

What if a fund is cashing out for tax purposes because today is the end of the fiscal year?

In other words, window dressing?

If so, tomorrow or Monday they start buying it all back.

If this is true and they are on the West Coast of US, then the dumping will stop in about a half hour.

I thought that September 30th was fiscal year end.  Is there a three day grace period?  

fiscal years end on a Friday so Oct. 3.

Wow!  That is really insightful.  We shall see soon if this was the cause of today's dump.

[ChartBuddy]

Explanation

[inca]

It's a case of how low do we go. Volume seems to have picked up a bit. Shorts are near ATH. Despair is total.

I will continue to buy bears