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

[inca]

Does anyone believe any rally is real anymore after the $400-$450 one? (And now we are trading at $340 today)

No rally is real ever again. lol.

[ChartBuddy]

Explanation

[Richy_T]

Explanation

where do you get that ?

link me bro

ChartBuddy rolls his own.

[Darkmatter12]

and down we goo again

NOoooooooo

You blew it up!

damn you all to hell!

We are just getting started duhhh

[ejinte]

and I should do my school work....

[blade87]

and I should do my school work....

You should. A good degree and well paying job is a great in times like these. And not because you can buy more cheap coins.

[heartastack]

Hmm I just did a load of coke and am on the toilet squeezing out a load of diarrhoea wish me luck , and good luck bitcoin I am cheering for you

[empowering]

Hmm I just did a load of coke and am on the toilet squeezing out a load of diarrhoea wish me luck , and good luck bitcoin I am cheering for you

Careful... do not have a heartastack

[Darkmatter12]

Hmm I just did a load of coke and am on the toilet squeezing out a load of diarrhoea wish me luck , and good luck bitcoin I am cheering for you

It's going down, down and down. Prepare yourself.

[JayJuanGee]

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.

The fact of the matter is that there remains a pretty strong incentive for some alleged manipulators to incur losses, and if you believe that all actors in the BTC trading game are motivated by profits (at least in the short-term), then you maintain a very naive outlook regarding BTC and its threat to mainstream status quo financial institutions (and maybe even some governmental institutions are going to perceive similar kinds of threats coming from BTC).

[fonzie]

360-375$ seems doable in the next 12h-24h. After that, nobody knows 

Bulltrap or reversal, the epic question as always.

I definetely like those candles & volume on all exchanges.

[noobtrader]

Hmm I just did a load of coke and am on the toilet squeezing out a load of diarrhoea wish me luck , and good luck bitcoin I am cheering for you

are u saying taht u are dumping now ?

[Kontridder]

Hmm I just did a load of coke and am on the toilet squeezing out a load of diarrhoea wish me luck , and good luck bitcoin I am cheering for you

are u saying taht u are dumping now ?

 

[blitzbad]

HAHAHA LOOK AT THE ASK SIDE THO!!

600 coins to 380, are u fucking kidding me

sorry bitcoin is not going to $380 or what so ever, the only way is down lower and lower, drop your false hope now to cut losses or lose everything!

[Xiaoxiao]

all previous patterns of bitcoin are void, because MTGOX existed.  Lol at some of you thinking bitcoin will repeat previous patterns.

[Sandia]

Is 12,076 shorts a record?

Moved my buy to 200, from 250, out of paranoia.

[thompete]

Is 12,076 shorts a record?

Moved my buy to 200, from 250, out of paranoia.

After looking at the trend, it seems a wise decision. I remember, when I month back, people were like if it ever falls to 300, then I would buy 50K worth. But the price trend, makes 300 not a far off target. I doubt, what will eventually happen to the prices.

[BldSwtTrs]

My Krugman indicator lean toward a probable bottom:

http://krugman.blogs.nytimes.com/2014/10/04/the-long-cryptocon/?_php=true&_type=blogs&version=Blog%20Main&_r=0&module=ArrowsNav&contentCollection=Opinion&action=keypress&region=FixedLeft&pgtype=Blogs

[JayJuanGee]

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.

In incentives are NOT as great for various bullwhales to engage in such attempts at upward manipulation... surely, you are correct that they have incentives to manipulate BTC prices upwards, but they are NO way near as powerful as status quo financial institutions that are frequently backed to some extent (directly or indirectly) by governments.  These are NOT tinfoil hat theories, there are a lot of examples in history in which both financial institutions and governments engage in manipulative, corrupt, immoral and/or criminal behavior and the fact that some of them engage in such activities does NOT indicate that everyone involved in these institutions are bad or even that others know about such manipulations to be occurring in some kind of systematic way - b/c the system itself is going to outwardly project goodness and benevolence and there will be a variety of people within this system who are acting with good faith and good intentions without realizing about the dark forces that are allowed to exist simultaneously (that is NOT tinfoil hat, even though some people strive to denigrate such interpretations of the word as if they were tinfoil hat).

[jaberwock]

Oh dear.

One month and half ago some mr102 follower crashed the price from 480 to 309, and everyone laughed and said we would never touch so small level any time soon.

Now we are more or less in the 310 level, with 315 as bottom on btc-e.

How many time until we meet mr102 bottom price?