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

[NotLambchop]

...
Whether we are winners or we are losers the main thing is that we are all part of something great!

Exactly.  I always assumed everyone was here for the luls and teh greater good.  I find the very thought of profiteering on a technology still in its beta stages distasteful!

[ChartBuddy]

Explanation

[Schickeria]

Why hold BTC now when you can buy them for around 100 bucks in a month? Pre-MtGox-fake-pump is the true price of BTC.

You know a lot for a newbie with 3 posts.

I admit, I feel better that we did not bet for 25BTC. I would feel miserable to take away such amount from you. But I take my beer without remorse ;-)

Also this lets me test my new circle account:

1DWPQYzZKeBorz4ZHwdauNGQbDNZrg8he4

Which part of the world are you in? What is the price of a fine beer there?

Germany. You  have sent me too much, we said 5,00$ ;-)

I remember it being more than that in Berlin the last time I visited! Enjoy it on me. Who says bitcoin is dead

Thanks, I will enjoy me beer. But don't think if one day we bet for 25 BTC I'll send you 50 BTC if you win!  

[BBmmBB]

https://bittrex.com/Market/Index?MarketName=BTC-BTI


/\BTI--Bitcoin(INSTANT) being added to Cryptsy soon imho!   *WATCH!*

[nioc]

ok i lost  almost FUCKING $200000 with mtgox and now the downtrend!!
what kind of drugs you recommend me?

Liquid sky

[BBmmBB]

the bull seems pissed off.

$150-$250 BTC not out of hand here!  

[Wandererfromthenorth]

Whoever did not see this coming, RIP.

[adamstgBit]

walls down  on bitfinex

[bahamapascal]

why is btc going down... not up?

Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.

If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).

I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.

The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.


*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.

[Pheoxy92]

Do you guys think this will affect the difficulty? 

[adamstgBit]

Do you guys think this will affect the difficulty? 

could be.

we might actually see difficult target down for once, or at least not increase...

[inca]

why is btc going down... not up?

Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.

If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).

I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.

The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.


*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.

Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.

[bahamapascal]

Seems like we have hit a resisdens at 330-340. Still, have the feeling we are still going to see much lower prices.

Personaly I  think it would be best if price crashes to 200-230, i doubt that price would fall much lower then that...and then, from there on the next uptrend could start.
It was same last year, price went down, down and down untill a crash to around 60$, then it turned into a uptrend.

Anyways, I am holding my btc, no matter what...to risky to sell now, even though I belive we are far from the rock bottom

This is a myth that many here keep using. "We need to go down to $xxx before we can go up again".
Just another delusion.

Sorry, I did not mean to imply that we have to go to 200-230, this just a the point that I think might be a reasonable point for a change in trend...the price we are seeing now might aswell be the low and the start of an uptrend, but I just have the feeling that we are not at the low.

Any ways, there is no price level that we have to reach to get a change in trend...but there WILL be a price level at which the trend will change, if that is now, at 200-230$ or at 0.1$ ....how knows, we can just speculate

[fonzie]

So, can we expect another leg down? Another bear pennant is building. Adam, what does solid TA say?

[bahamapascal]

why is btc going down... not up?

Well, my thoghts on that, there is no new kapital flowing in. Just kapital leaving aktually.

If had not heard of btc and would now some how hear about it, definately it wont be something where I would invest in, seeing it has gone down for 8 month or so (aside from that, I would likley not even hear about bitcoin as "normel" media isn't talking about it).

I guess (from experiance of the last uptrend), as soon as we have reached the point where the price reaches a bottom with the current traders/capital and are slowly recovering, then we are much more likly to get mainstream media talking about bitcoins and new capital will be much more interested in investing in it.

The mainstream buys when something is has bean goin up (unfortunately normaly creating a buble) and sells wehn it has been goin down for a while.
From my experiance in trading I have learned, never buy when the price has already gone up quite a bit and dont sell when it has already gone down a lot, which is why I am holding. I might be wrong.
Could be that we have already reached the bottom, but I see a good cahnce that we will see much lower prices befor a uptrend accurs.


*Note: This is not meant to be a trading advice, this only implys my personal oppinion. My oppinion might be wrong.

Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.

Agree

[NotLambchop]

...
Protip: the public are never buying at this stage of a cycle - ever. A lot of coins have been sold in this decline, ergo a lot of coins have been bought, too. The big players will give the price a decent push upwards when the time is right and start another bull run. Bitcoins are getting easier and easier to obtain. Until then, it's accumulation time.

Didn't think it was possible, but that reasoning...  Like palpable, visible manifestation of denial...

[adamstgBit]

[flounderella]

We are very oversold here on the weekly chart. I dont remember seeing the RSI so low ever ... hovering around 30ish

[ImI]

we are fucked

[adamstgBit]

we are fucked

agreed.