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

[ShroomsKit]

china retesting 2100 yuan

If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.

Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.

I love when I'm right and prove the troll wrong. BTCChina reached CNY 2010 and bounced back, Huobi reached CNY 2001 and bounced back from that. Chinese are not giving up that CNY 2000 line ($325) that easy, there will be a fight.

Hilarious. I'm such a troll right.

[1714708169]

1714708169

[1714708169]

1714708169

[Mervyn_Pumpkinhead]

Almost <$300 on BTC-E now! Gosh, were the "trolls" right yet again? Should have listened to fallllling and his associates... yet again!

I've always enjoyed the "fallllling" character.
He was illiterate and expressed himself in general like a 6 year old, all while preaching the message how bitcoin's price will fall. All the "clever and experienced" bitcoin traders thought "hey! if someone like this (kind of retarded) thinks that bitcoin will fall, then the result must go the opposite way!".
What can I say, well played, sir, well played..

[ShroomsKit]

Inca, when is the big money getting in exactly? Today maybe?

[Wandererfromthenorth]

china retesting 2100 yuan

If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.

Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.

I love when I'm right and prove the troll wrong. BTCChina reached CNY 2010 and bounced back, Huobi reached CNY 2001 and bounced back from that. Chinese are not giving up that CNY 2000 line ($325) that easy, there will be a fight.

Dude, are you fucking serious?

Were you even looking at the depth chart?
Do you even know what a depth chart is?

[ShroomsKit]

china retesting 2100 yuan

If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.

Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.

I love when I'm right and prove the troll wrong. BTCChina reached CNY 2010 and bounced back, Huobi reached CNY 2001 and bounced back from that. Chinese are not giving up that CNY 2000 line ($325) that easy, there will be a fight.

Dude, are you fucking serious?

Were you even looking at the depth chart?
Do you even know what a depth chart is?

Time to put you on ignore. Buy bye.

[btcney]

r-relax gguys it's just weak hand leaving
c-cheap coins for ... everyone
...

[Wandererfromthenorth]

china retesting 2100 yuan

If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.

Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.

I love when I'm right and prove the troll wrong. BTCChina reached CNY 2010 and bounced back, Huobi reached CNY 2001 and bounced back from that. Chinese are not giving up that CNY 2000 line ($325) that easy, there will be a fight.

Dude, are you fucking serious?

Were you even looking at the depth chart?
Do you even know what a depth chart is?

Time to put you on ignore. Buy bye.

You put me on ignore? I couldn't ask for anything better.

I was talking to Itod though, not to you.

[ShroomsKit]

Even more cheap coins. This is amazing. Everyone buying?

[Wandererfromthenorth]

[Chuckee]

Almost <$300 on BTC-E now! Gosh, were the "trolls" right yet again? Should have listened to fallllling and his associates... yet again!

I've always enjoyed the "fallllling" character.
He was illiterate and expressed himself in general like a 6 year old, all while preaching the message how bitcoin's price will fall. All the "clever and experienced" bitcoin traders thought "hey! if someone like this (kind of retarded) thinks that bitcoin will fall, then the result must go the opposite way!".
What can I say, well played, sir, well played..

Well said 

Here's the thing about the bitcoin bulls. Basically the extension of their hope relies on the follow principles:

1) bitcoin fundamentals have not changed.
OK, but if people are not interested in these fundamentals, it doesn't matter if the protocol "works" or not. The betamax fundamentals still work, OR HD-DVD, but people chose other protocols for various reasons.
2) bitcoin is a new technology
doesn't mean anything. the virtual boy was a new technology, but nobody wanted it, despite a small niche of fanatic gamers.
3) There are many "bitcoin pregnancies" waiting for maturity.
Look at above two points. And now, bitcoin has lost 70% of value in ONE YEAR. Nobody wants it! And unlike 2011, we now have merchant adoption, so basically, bitcoin's potential is already "maxed out" or very close.

Some of the bulls take these points and add mathematical terminology, long term trend lines, and avatars of themselves in suit and ties to make it look all polished, but anyone with functionable brain can see it is wrong! Looks like fallllling and his wise associates right from the start!

[sidhujag]

china is uber bullish so we will never see a flash crash in china.. it must br close im convinced of $7k after today and price action

im not even looking at charts yet im looking right? alot of panicking noobs r wat?

[Davyd05]

The bubble charts are hilarious, I don't get how we've gone public with such a small user base. I'd be glad if this bear cycle allows people who were super interested in bitcoin to re visit it.

The silk road crash made me do just such a thing. After knowing about bitcoin since it was worth.dollars.  Growing pains. Easily argued I should be worried so many are being lured to dump into some accumulating coins on each waver down.

[TeeBone]

Timberrrrr !!

[sidhujag]

your doing it wrong

[Dalmar]

BTCChina broke its April 2013 ATH.

[ShroomsKit]

china is uber bullish so we will never see a flash crash in china.. it must br close im convinced of $7k after today and price action

im not even looking at charts yet im looking right? alot of panicking noobs r wat?

Yeah. Just some noobs getting out. Just some weak hands. Don't worry. Everything looks fine.

[ShroomsKit]

The bubble charts are hilarious, I don't get how we've gone public with such a small user base. I'd be glad if this bear cycle allows people who were super interested in bitcoin to re visit it.

The silk road crash made me do just such a thing. After knowing about bitcoin since it was worth.dollars.  Growing pains. Easily argued I should be worried so many are being lured to dump into some accumulating coins on each waver down.

I bet they can't wait to get in.
I see everyone around me dying to invest in Bitcoin.

[Rat_Poison]

The bubble charts are hilarious, I don't get how we've gone public with such a small user base. I'd be glad if this bear cycle allows people who were super interested in bitcoin to re visit it.

The silk road crash made me do just such a thing. After knowing about bitcoin since it was worth.dollars.  Growing pains. Easily argued I should be worried so many are being lured to dump into some accumulating coins on each waver down.

I bet they can't wait to get in.
I see everyone around me dying to invest in Bitcoin.

Nobody is buying bitcoin, only a few crazy gamblers, and even all of them are losing money! I told everyone bitcoin was a mirage, and they said I'm too old to understand. Well, who was right and who was wrong? Better invest in a real asset, that produces a real service or product. Not rat poison, like the bitcoin.

[JayJuanGee]

Good morning, a lazy Sunday morning... but most importantly $250 till the next weekend ?

I realize I am probably getting myself into trouble by attempting to engage on this topic or any other BTC related topic with you; however, can you be more specific? 

Are you saying BTC prices will reach below $250 by next weekend?

What are the odds that you give for such downward price movements? 

You just believe that the BTC dumps will continue until all of the resistance is eaten away.. etc etc?   It does seem that more and more sellers are jumping on board and selling.. but I remain puzzled about how long this can go on... 

Personally, I am NOT taking any chances to sell at these low prices, and I just continue to buy and to accumulate.. and I have noticed that there has been a lot of volume in the last three weeks, and this week is going to surpass the volume of each of the past two weeks.. Lots of action and surprises in the last couple of days, that's for sure.

I think we will be heading for less than $250, but I am not going to tell you where I have open orders and spoil this out, but about the volume, I really don't care about BTC volume because the USD volume is almost the same....

and just for your information, I am not giving you or anyone a trading advice.

Actually, you are correct, probably it would NOT be a good idea to say exactly where your orders are on a public forum, unless you misstate them... and then once they fill maybe disclose where they were.

[yokosan]

So far Tim Draper is down about $9,000,000 unless he has already sold.