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

[NotLambchop]

[hyphymikey]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

[magicmexican]

I feel there should be a bear trap to 320 or so right around the corner

[acsalles]

I am waiting until we are back to 600 bucks before starting to be optimistic again.
Until there, just recovering, no real reason to celebrate...

[derpinheimer]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

[ShroomsKit]

It continues to be puzzling to me that so many people in here seem to be completely unwilling (or unable?) to think in different time frames, or like to draw invalid (most likely) conclusions from developments in one time frame to another one.

Doesn't really matter whether the following is factually correct (feel free to disagree, obviously, it's just one guy's opinion), but just structurally, what's so weird about thinking that we'll probably have some move upwards ahead of us (rockets.jpg) on the short term, but will probably fall back sooner rather than later, because: bear market & not enough new investors, mid to long term, but that any of the previous two time frames say very little about the very long term prospects of Bitcoin (which, in my opinion, is better than ever)?

so u ar saying that short term bullish, med term bearish, mid long term bearish and veri long term very bollish ?

btw bitcoin is all over the news again....

I know, just look at all of that positive and reassuring news!  This will really get the Average Joe involved!  

Here are the top three Google Headlines:

Bitcoin tumbles-are investors losing faith?

Bitcoin price falls to 11-month low

Bitcoin Prices Are Down 73 Percent Since We All Went Crazy Over It

I noticed they learned from previous crashes though.
It used to be more like "Bitcoin is over" and similar headlines that made them look stupid after 2 weeks. It took them 3 or 4 crashes but they are finally more careful with their bs.

[tarmi]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

baby profit takers?

that 2 k wall is pure profit.

btw, if mr 30 k wall is out of ammo, he is more stupid than I thought.

but my gut is telling me that he is awaiting train pics.

[oda.krell]

It continues to be puzzling to me that so many people in here seem to be completely unwilling (or unable?) to think in different time frames, or like to draw invalid (most likely) conclusions from developments in one time frame to another one.

Doesn't really matter whether the following is factually correct (feel free to disagree, obviously, it's just one guy's opinion), but just structurally, what's so weird about thinking that we'll probably have some move upwards ahead of us (rockets.jpg) on the short term, but will probably fall back sooner rather than later, because: bear market & not enough new investors, mid to long term, but that any of the previous two time frames say very little about the very long term prospects of Bitcoin (which, in my opinion, is better than ever)?

Lack of investors?

you can't be serious...

next you'll be saying bitcoin can't break 500 because everyone will sell immediately at 500

Way to miss my point.

>draw invalid (most likely) conclusions from developments in one time frame to another one.

>Doesn't really matter whether the following is factually correct ...

If you're in this experiment for the long run, what does it matter to you if we don't see another sustained rally for, say, another year? If you can't take that prospect, it only shows you're *not* in it for the "long run", but instead speculate on shorter term profits (not addressed at you personally, adam)

[derpinheimer]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

baby profit takers?

that 2 k wall is pure profit.

btw, if mr 30 k wall is out of ammo, he is more stupid than I thought.

but my gut is telling me that he is awaiting train pics.

And more people who still havent grasped that it was an early adopter cashing out.

[Torque]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

Wrong.  That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally.  It was completely engineered.  It was probably their own btc sell wall.

[tarmi]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

baby profit takers?

that 2 k wall is pure profit.

btw, if mr 30 k wall is out of ammo, he is more stupid than I thought.

but my gut is telling me that he is awaiting train pics.

And more people who still havent grasped that it was an early adopter cashing out.

I dont buy the story that someone who hodl for 4 years wants to get out after 6 month downtrend.

[derpinheimer]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

Wrong.  That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally.  It was completely engineered.  It was probably their own btc sell wall.

You are delusional. It was a real sell. Get out of lala land.

[serenitys]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

baby profit takers?

that 2 k wall is pure profit.

btw, if mr 30 k wall is out of ammo, he is more stupid than I thought.

but my gut is telling me that he is awaiting train pics.

And more people who still havent grasped that it was an early adopter cashing out.

I dont buy the story that someone who hodl for 4 years wants to get out after 6 month downtrend.

Me neither.

[Richy_T]

I know, just look at all of that positive and reassuring news!  This will really get the Average Joe involved!  

Here are the top three Google Headlines:

Bitcoin tumbles-are investors losing faith?

Bitcoin price falls to 11-month low

Bitcoin Prices Are Down 73 Percent Since We All Went Crazy Over It

Yeah. No way Bitcoin is ready for a rally because people stopped being dumb and greedy since 2013.

Oh wait...

[Torque]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

Wrong.  That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally.  It was completely engineered.  It was probably their own btc sell wall.

You are delusional. It was a real sell. Get out of lala land.

A big whale can sell to themselves if they are the only one(s) on the exchange.  Show me the Average Joe buyers.

[WeltMaster]

https://www.youtube.com/watch?v=OBvfJvFVE-Y

soon^TM

[derpinheimer]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

Wrong.  That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally.  It was completely engineered.  It was probably their own btc sell wall.

You are delusional. It was a real sell. Get out of lala land.

A big whale can sell to themselves if they are the only one(s) on the exchange.  Show me the Average Joe buyers.

What? The wall was eaten by hundreds of smaller buys... no single "whale" ate a large enough chunk of it to seem odd. Biggest buy was like 2.7k.
Also. that fee would be enormous.
Plus it coincides perfectly with the transfer of 40k BTC yesterday. 40k transferred 10-05-14, 40k sold on bitstamp a bit later.

[Richy_T]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

baby profit takers?

that 2 k wall is pure profit.

btw, if mr 30 k wall is out of ammo, he is more stupid than I thought.

but my gut is telling me that he is awaiting train pics.

And more people who still havent grasped that it was an early adopter cashing out.

early adopter deserve the profit for taking all the risk all these years. but btw early adopter arent cashing out.  BTC is better than cash.  you can get ebola after handling cash. think about it

"Bitcoin user not afinfected" meme?

[Torque]

Look at all the little baby profit takers selling right before the $350 wall.

A 30K wall can't hold us down but a 2K one will? I better sell because we will never cross that! Lol

I dont get why people are comparing the 30k wall at $300 to the whole orderbook or smaller walls at higher prices.

The reason the $300 wall fell is because after dropping so much, there were tons of buyers waiting for a chance to buy in. They got it.

Now $350 is too high for those who didnt want in at $300, and the demand is a lot lower (Only applies to Bitstamp)

Has this 30k wall appeared at $600 while the price was fairly stable, it wouldnt have been bought. Its only because we are in a downtrend that it fell.

Wrong.  That was whale shorts (shorting since 600) that had help in securing a fixed cover position, without affecting the price and causing a rally.  It was completely engineered.  It was probably their own btc sell wall.

You are delusional. It was a real sell. Get out of lala land.

A big whale can sell to themselves if they are the only one(s) on the exchange.  Show me the Average Joe buyers.

What? The wall was eaten by hundreds of smaller buys... no single "whale" ate a large enough chunk of it to seem odd. Biggest buy was like 2.7k.
Also. that fee would be enormous.
Plus it coincides perfectly with the transfer of 40k BTC yesterday. 40k transferred 10-05-14, 40k sold on bitstamp a bit later.

I heard the last 11.5K was eaten in one gulp.  Did I hear wrong?

Also, fee doesn't matter when you shorted from $600.

[mooncake]

early adopter deserve the profit for taking all the risk all these years. but btw early adopter arent cashing out.  BTC is better than cash.  you can get ebola after handling cash. think about it

I never thought of it but you are right!