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

[yokosan]

simple rule when trading:

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

Exactly!

What is worse?

Buying at a 12 month high, or selling at a 12 month low?

[NotLambchop]

simple rule when trading:

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

I've been trying to sell my Brooklyn Bridges for YEARS without a single bite.

How many should I put you down for?

[ChartBuddy]

Explanation

[grappa_barricata]

[adamstgBit]

lol +1

[NotLambchop]

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?

Stop confusing honest Bitcoiners with your phony logic, manipulator!

[EvilPanda]

I'm not going to shout manipulation and conspiracy, but the regular ~$1000 dumps on stamp thoroughout September look really strange.
Events like that were usually related to some big news like blockchain bugs, silkroad closure, gox and so on. I think this is the first time since I got into Bitcoin that such dupmps are happening without any background story.

[blade87]

It feels so massively oversold that I'm going to take a bit of a chance and hope a trade works out here. But damn this market sentiment right now. Stop loss = 6% on this one because drop of that magnitude (below $325 stamp price) down and I definitely think we are going to $300 and below. Either I'll make 5-6% or lose 5-6% pretty quickly with how the 5 minute chart looks like a 1h chart right now.

[chromosoma]

Bitcoin is dead.

[InvestorPerson]

Where does this idea come from that they at one point will start buying back?
You people keep saying that. What is this based on?

false hope, delusion and massive denial. most people can't swallow the bitter pill

[Richy_T]

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

Yes. Bubble this time was in mining, *not* BTC price. Just look at the hash rate growth. That's somewhat insane. Needs to find its correct level.

[aclass]

Yes, there is no manipulation of the market. The nature of the crypto markets is this. You got enough cash, then you can do with the market whatever you have skills for.
Otherwise who would put a 94 BTC buy order at 329.23 and top it up with a 100 BTC sell order at 331.9. It's just the way this market works.

Sooner or later there will be a bottom or at least a stable level. The coins are not endless in numbers so at a certain point all sellers would sell their coins or the price will hit the "I'm back in at" level. We just have to wait and see.

And here is a conspiracy theory for all who believe in such things... All moves for the last couple of years were manipulated and now is the time for the ultra mega whale to cash out. They bought at $5 (when I was selling my first BTC) all the way up to $1200, but as the play the average $ price game, they can sell all the way to $5 and still be happy. Yeah right

[MoreFun]

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.

Guys here say that silver market is manipulated https://www.youtube.com/watch?v=1e65UQLRkrw

And manipulating BTC market is childishly easy if you had $5M or even less a year ago and some relatively good connections.

[empowering]

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.

Roger that. Received, loud and clear. Over. 

[Richy_T]

Where is the BTC.1k party going to be?

the party is canceled. no joke.

Guess i should have made the "." in BTC.1k more obvious. Maybe BTC .1k would have been more clear.

0.1k

[aclass]

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

[magicmexican]

Seems like China does not want to go below 2100 yet

[N12]

Guys here say that silver market is manipulated https://www.youtube.com/watch?v=1e65UQLRkrw

And manipulating BTC market is childishly easy if you had $5M or even less a year ago and some relatively good connections.

Yeah, I know the nutters. I've been around here for a while, so I've seen it all (and even used to believe some of it). Even if it was manipulated, this is not information to you, it is disinformation. You will try and act counter the manipulator, but that will lose you money. Today's price is a product of manipulation, so is tomorrow's, in a month, in a year, ... If reality is manipulated, then the manipulation makes reality. One has to deal with it. Why not buy some assets that are manipulated upwards?

[samson]

$100 here we come !

[EvilPanda]

On the other side of things.. Why would whales (traders) leave BTC market? There is a huge amount of money to be made in BTC so why leave.

They aren't leaving, just selling now to buy more later. Most people want to have as much BTC as possible and the way to do it is to buy as cheap sa possible.
Most of the people who sold below $400 will eventually buy back.