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

[inca]

So cheap coins are now or should I wait for even cheaper prices?

Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.

I don't have a problem with cheap coins.

PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.

How do you know Blitz?

[ShroomsKit]

So cheap coins are now or should I wait for even cheaper prices?

Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.

I don't have a problem with cheap coins.

PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.

How do you know Blitz?

Because manipulation doesn't exist in this market. In his fantasy world.

[ShroomsKit]

All in. Have faith in the 340 double bottom forming since April.

Good luck. You will need it.

[inca]

You guys do realize the price can't keep dropping forever right? ... 

BTC is oversold right now.

Hey you didn't read the script. The price has always been falling. It will always be falling. The price will fall forever, remember? You do remember don't you? DONT YOU!?

[adamstgBit]

You guys do realize the price can't keep dropping forever right? ... 

BTC is oversold right now.

Hey you didn't read the script. The price has always been falling. It will always be falling. The price will fall forever, remember? You do remember don't you? DONT YOU!?

its a bear bubble!

[N12]

So cheap coins are now or should I wait for even cheaper prices?

Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.

I don't have a problem with cheap coins.

PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.

How do you know Blitz?

I can't prove it (how could you even rely on the phony exchange's data we have?), but it's my strong suspicion as someone who's seen it before in this asset. Bubble pops, money slowly leaves, miner profit margins (at record highs in winter due to the switch to ASIC tech) shrink compelling them to hoard less of the mined coins. It's natural bubble deflation.

No manipulator can control the prices over such long peridos without incurring losses. If you think that, then you basically ascribe him a deity status.

You guys are just looking for someone to blame. But it is nothing special.

[Gyrsur]

All in. Have faith in the 340 double bottom forming since April.

no reason to have faith in it. it happened in April. now we are in October. if the market will go down further it will go down.

[inca]

So cheap coins are now or should I wait for even cheaper prices?

Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.

I don't have a problem with cheap coins.

PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.

How do you know Blitz?

I can't prove it (how could you even rely on the phony exchange's data we have?), but it's my strong suspicion as someone who's seen it before in this asset. Bubble pops, money slowly leaves, miner profit margins (at record highs in winter due to the switch to ASIC tech) shrink compelling them to hoard less of the mined coins. It's natural bubble deflation.

No manipulator can control the prices over such long peridos without incurring losses. If you think that, then you basically ascribe him a deity status.

You guys are just looking for someone to blame. But it is nothing special.

Central banks can incur losses..

[adamstgBit]

looks like some poeple are buying into a market that falls daily, and they are buying pretty darn hard...

[ohmygod1]

I've been following this sub forum without registering 2 years and I finally had to register just to say that if not trolling, this "ShroomsKit" kid is freaking unbelievably retarded.

Over and out.

[Richy_T]

Well, I guess the price is still just too high. Being in slow freefall certainly doesn't  help but perhaps the psychological impact of the high price (yes, I know about divisibility) is just keeping people away. Perhaps a trip back to 1xx is what's needed.

Falling prices may not be great for Bitcoin but it may be an essential part of its growth at this stage. I've always said that the early adopters are going to have to part with some of their stash ant that's probably better for Bitcoin at lower rather than higher prices.

Still bullish long term but time to put the bitcoins away in cold storage, quit worrying about the price and try and improve the bitcoin ecosystem.

[ShroomsKit]

All in. Have faith in the 340 double bottom forming since April.

no reason to have faith in it. it happened in April. now we are in October. if the market will go down further it will go down.

Exactly. All these points mean very little in a market like we are experiencing currently. Dumpers aren't just gonna stop suddenly because of whatever happened in april.

[nanobrain]

So cheap coins are now or should I wait for even cheaper prices?

Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.

I don't have a problem with cheap coins.

PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.

How do you know Blitz?

It is fairly obvious supply/demand economics; the idea that there is some shadowy individual/group systematically dumping thousands of coins (simply to annoy Shroomskit mainly) is pretty fanciful.

If these 'dumpers' wanted to kill BTC, had this many 10 of thousands of coins and didn't care about funds they would have crashed the market, dramatically and brutally.  If they wanted to cash out and did care about funds they would have let the market recover organically and sold more slowly.

Why is it so strange that there is a lack of confidence at present so people are selling -- I suspect many of the people who talk their book here are actually selling, even though they claim to be dyed in the wool cultists.  Over on ToF, they all talk about buying in lower and lower.  So, in some respect Shroomskit is right, the 'buy back' strategy is bad for BTC because greed means supporters are willing to sell and let the price slide.

All of this becomes a negative feedback loop.

[pheL]

All in. Have faith in the 340 double bottom forming since April.

no reason to have faith in it. it happened in April. now we are in October. if the market will go down further it will go down.

340 follows relevant vwap aswell though. And psychology is strong in this one.

[heartastack]

Hey dudes just do you know I'm at a Party and the chicks are really hot and I jus gotta say the chicks are really got and it's nice not to be thinking of bitcoin cheesr

[N12]

Because manipulation doesn't exist in this market. In his fantasy world.

And in your realistic world, some mysterious bear whale conspiracy has been pushing the price down from 1200 to 340-350 the past 10-11 months.

Do you guys think gold/silver are manipulated as well? They have been going down hard for a while, too.

Central banks can incur losses..

I just judge based on the evidence I have (for example, the decline of miner profit margins is a compelling theory, no? I could give you some graphs describing that). If we're going the tinfoil way, then we can obviously argue anything.

Think about this: Even if there was a manipulator, why is there no bullwhale manipulator (Winklevoss, Tim draper, think about it) strong enough to counteract?

On another note, exchanges take their trading commission in percentage points. So from that point, they actually have an interest to manipulate the prices upwards to generate more profit for themselves.

[adamstgBit]

I've been following this sub forum without registering 2 years and I finally had to register just to say that if not trolling, this "ShroomsKit" kid is freaking unbelievably retarded.

Over and out.

yes everyone thinks everyone else is retarded we know.

its why the market moves like a retard

[GaliX]

simple rule when trading:

If you want to make money you have to buy when no one wants to buy.

[mmitech]

cause your sky is full of bears...

[N12]

And here is another point: If things are manipulated by a market "deity" (he/they managed for this long and this hard, he/they obviously have a near complete control), then why would you try and stem against it? Submit and get rewarded. Watch until the "manipulation" fades. Does it truly matter whether something is manipulation or "natural" for your trading or investment success?