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

[criptix]

Did not brake 2000 CNY. Bullish.

Give it a few more hours. Even with China now up, we're still moving mostly downwards. BTC-e is way under the rest of the market (a dominant sign these days that the price will continue to move down) and despite some recent buying power in the past hour or two, shorting is still either uncharacteristically expensive (Bitfinex) or trading at a significantly lower price than on the trading half of the exchange (OKCoin).

btc-e is always or atleast 99,9% of all time lower then the rest...

btw. buying at 350 done, lets see if we visit 300  


/edit

hashrate is increasing, so im not in super panic mode yet

The market moves down when BTC-e is further below the market than usual. When they're closer or even at or over like they were few weeks back for a few days, it's usually a pretty good sign that the market is going to be going up (which it did).

mind to tell me when that was?
i looked it up for the last 3 months, but i dont really see what you describe.

its rather the opposite, small difference -> drop, large difference -> rise
im looking @http://coinorama.net/

[Schickeria]

being bearish on bitcoin is like taking a coffee with 7 sugars.

Explain, please!  

[fonsie]

<350   - 91 (59.1%)
>350   - 63 (40.9%)


until we see such statistics , so many bulls 41% the price will keep going down

perhaps if only 10-20% bulls left the price will start rising again

We do have a chinese subforum https://bitcointalk.org/index.php?board=30.0

Also, please buy a new keyboard, your SHIFT key and some other keys seem to be "out of order".

Just a reminder for everybody who can't speak English and has a broken keyboard...

[adamstgBit]

normally polls are 90% bullish.

[fonsie]

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

Let's just hope you are right, because I would love to have as much btc as Tim Draper.

[ShroomsKit]

<350   - 91 (59.1%)
>350   - 63 (40.9%)


until we see such statistics , so many bulls 41% the price will keep going down

perhaps if only 10-20% bulls left the price will start rising again

I don't agree the price will be dumped 2x more times before it go up.

Must be so awesome to be able to look into the future. You must be so rich.

[AirFlame]

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

Let's just hope you are right, because I would love to have as much btc as Tim Draper.

You will if we drop to 0,9c per 1 btc

[fonzie]

<350   - 91 (59.1%)
>350   - 63 (40.9%)


until we see such statistics , so many bulls 41% the price will keep going down

perhaps if only 10-20% bulls left the price will start rising again

How many times before in your life have you analyzed market sentiment statistics and their actual impact to the market price. Do you have any real experince or have you heard about that @ the university of Bitcointalk?

did you analyzed them?  so what is your conclusion?  how many times your conclusion/speculation turned to truth?

My conclusion is that those number s won´t tell you anything, especially when they are ~50/50.  At least 30% of them are also troll/false answers  (i know, because i do it myself all the time ). You also need at least some positive sentiment, or who do you think will start buying?
They might be helpful during a bubble when 90% of the people say that the price will go at least 5x times higher, then you know that you should slowly sell off.
 

Edit: As Adam said, here on BCT 90% of the users are mostly uber-bullish, and expect the price to increase 100% in the next 72 h everytime at any given day in the year. So this poll is almost as bearish as it gets.

[bahamapascal]

Could be that we have actually passed the low, buy order book is filling up slowly...interesting times to, entertaning to whatch
Seems like the market is in UD if it will go up or down...

[Bitcoins101]

Could be that we have actually passed the low, buy order book is filling up slowly...interesting times to, entertaning to whatch
Seems like the market is in UD if it will go up or down...

Looks like we're going back down from the recent spike. Odds are it was mostly a couple whales slowly buying more coins, thinking that we're at the bottom. I'm glad I didn't close any of my shorts - I was very, very close to beginning to close some of them. It looked kind of strong because it was so gradual. I think we're going to be going down for a bit longer now. Probably going to see high $200s.

[fonsie]

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

Let's just hope you are right, because I would love to have as much btc as Tim Draper.

You will if we drop to 0,9c per 1 btc

Wouldn't have to drop that low... we would still be speaking about dollars 

[Thomas-s]

The next 24 hours are critical.

[fonsie]

I should have listened to fallling and cut my loosses, to buy again now. But hey, at least I haven't lost life. 

[AirFlame]

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

Let's just hope you are right, because I would love to have as much btc as Tim Draper.

You will if we drop to 0,9c per 1 btc

Wouldn't have to drop that low... we would still be speaking about dollars 

hehhe ok let it go down to $100 and You buy some ok ?

[vortex1878]

That the Paypal-flash-spike was just... a flash-spike. That is the worst. One direction for now...

[bahamapascal]

Could be that we have actually passed the low, buy order book is filling up slowly...interesting times to, entertaning to whatch
Seems like the market is in UD if it will go up or down...

Looks like we're going back down from the recent spike. Odds are it was mostly a couple whales slowly buying more coins, thinking that we're at the bottom. I'm glad I didn't close any of my shorts - I was very, very close to beginning to close some of them. It looked kind of strong because it was so gradual. I think we're going to be going down for a bit longer now. Probably going to see high $200s.

Well maybe your right...
If it gos down to 200isch, I will probably buy more, would be a tempting price. In the mean while I will just whatch and enjoy the show.
Only thing I dislike is if the price is going down slow, that is always a bad sign.

[phoenix1]

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

There are too many people involved in BTC that are willing to buy coins at prices higher than double digits.  The reason we see higher bottoms in the price each time the price rises is because there are more people involved in BTC and the greater the distribution, it becomes more and more difficult for the price to go lower.  I am sure someone could explain this better than I am doing here.  But the fact that bottom price this time around has hit above $300 now twice is actually extremely bullish for Bitcoin.  We have established the new low.  After the next rise or bubble there will be a new low at that point.  It will probably be close to the last ATH, which was $1200 or so.  That seems to be the pattern anyways.

ya but...

this time its different!

Isn't that what they always say!?  If it gets to double digits you can say "I told you so."  

Trust me, even BitchicksHusband, (who is much more bearish than I am) was arguing about this with me this morning and was trying to convince me to sell because "it isn't the same this time."  Ugg.  That hurt.  I convinced him to wait it out at least.  I was willing to sell some if he really wanted to, but thankfully he agreed to be a little more patient with you

FTFY

Perhaps God was sending you a message through your husband
I am guessing he also suggested you sold some higher than this also
Don't shoot the messenger .... God moves in mysterious ways

BTW, are Risto and God interchageable in your household, or does he just have 'Prophet' status at the moment ?

[fonsie]

Let's be honest with ourselves here: We will see double digit prices this year, whether we like it or not. We might see single digit prices as well. Let's start coming to terms with that fact.

Let's just hope you are right, because I would love to have as much btc as Tim Draper.

You will if we drop to 0,9c per 1 btc

Wouldn't have to drop that low... we would still be speaking about dollars 

hehhe ok let it go down to $100 and You buy some ok ?

Already bought 0.9BTC today. Well technically yesterday.

[anujjain]

The next 24 hours are critical.

Yes, this weekend is not normal like other weekends, it's blood bathing in Bitcoin market.

[AirFlame]

ok 1x more dump if it will not brake $322  we are free to go up.