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

[adamstgBit]

http://youtu.be/JZDKbRWGqTw?t=3m22s

hehehe

 

[Xiaoxiao]

Adams i'm afraid its not looking good this week... the best it can do is 330?

[heartastack]

Adams i'm afraid its not looking good this week... the best it can do is 330?

All things considered, that's pretty damn good.

[JimboToronto]

What change can I make with a few BTC?

Your bitcoins aren't the issue unless you do something foolish like selling them.

What can make a difference is what little fiat you might have available to buy more coins and hold them.

Remember last night's epic struggle with the 30k $300 ask wall? It may have been an 11k buy that broke it but it was a lot of small buys that nibbled that wall to within range.

The Bitcoin network is worldwide, open-source and decentralized. Every individual can contribute, no matter how small.

[heartastack]

What change can I make with a few BTC?

Your bitcoins aren't the issue unless you do something foolish like selling them.

What can make a difference is what little fiat you might have available to buy more coins and hold them.

Remember last night's epic struggle with the 30k $300 ask wall? It may have been an 11k buy that broke it but it was a lot of small buys that nibbled that wall to within range.

The Bitcoin network is worldwide, open-source and decentralized. Every individual can contribute, no matter how small.

In the world of trading there is a lot of illusion around numbers. Every REAL purchase counts.

[JimboToronto]

wahha I like this meme.

Critical.

HA

Personally, I think the last 24 (or 48) hours were more critical.

jmho

[BitChick]

wahha I like this meme.

Critical.

HA

Personally, I think the last 24 hours were more critical.

jmho

I guess it just depends on what happens from this point on? 

[Richy_T]

wahha I like this meme.

Critical.

HA

Personally, I think the last 24 (or 48) hours were more critical.

jmho

Maybe. But that's yesterday's news.

[shmadz]

So my funds finally went through this afternoon, and I missed out on the deals over the weekend, I'm still fairly happy with any price below 500 CAD...

but then I try to move my precious coins into my wallets and I get this?

https://twitter.com/CAVIRTEX/status/519226105035624448

I heard similar story at coinbase, I'm so cynical at this point  

[maok]

wahha I like this meme.

Critical.

Bitcoin is going to have another critical boom by the end of year, if not then by the end of next year

[BitChick]

China is looking bullish.  Can we be getting back to the days where they would push the price up for us again!?  I miss those days. 

[JimboToronto]

I guess it just depends on what happens from this point on? 

Indeed.

My feeling is that true capitulation was achieved and while we may see one last dip below $300, the trend has turned.

Last night's 30k wall was an expensive way to slow what might have been a dramatic correction on reversal.

I feel strongly enough about this that I bought another 3 coins this morning despite having joked with some dude at Decentral on Saturday about having spent my weekly Bitcoin allowance on that day's 2 coin purchase.

[BitChick]

I guess it just depends on what happens from this point on? 

Indeed.

My feeling is that true capitulation was achieved and while we may see one last dip below $300, the trend has turned.

Last night's 30k wall was an expensive way to slow what might have been a dramatic correction on reversal.

I feel strongly enough about this that I bought another 3 coins this morning despite having joked with some dude at Decentral on Saturday about having spent my weekly Bitcoin allowance on that day's 2 coin purchase.

Well done.  Your timing to buy was great.

I am thankful I just convinced my more bearish husband to hold through this last drop.  He seems to get even more moody than I get when the price tanks and wants to sell at the worst times.  Then when the price rises he decides it great to buy more.  (granted, we have been lucky a time or two and bought at relative good times)  But we seriously need to work on not buying or selling based on emotions.   

[ChartBuddy]

Explanation

[JayJuanGee]

To those who are still short and currently talking their book:

Look at yesterday's daily candle, then compare it to every other daily candle during the past year that resembles it. That is all.

The three-day candle on Bitstamp is even more impressive..... more than 154kBTC.... Whoawza!!

[QuestionAuthority]

I really hope the drop isn't over because I want more, more, more btc.

[JimboToronto]

So my funds finally went through this afternoon, and I missed out on the deals over the weekend, I'm still fairly happy with any price below 500 CAD...

but then I try to move my precious coins into my wallets and I get this?

https://twitter.com/CAVIRTEX/status/519226105035624448

I heard similar story at coinbase, I'm so cynical at this point  

Ouch.

That makes me want to think twice about the 20 coins I left at Virtex just in case I see a short-term daytrading opportunity or need to buy some CAD with minimal fees (but a total lack of anonymity).

Ever since I lost 50 coins to Gox (I had a ticket open for 5 months before they blew up) I've tried to avoid exchanges.

Buying off-exchange is faster, safer, easier and more reliable than any exchange. Yes, I pay a 5% fee over Virtex prices but when you take bank deposit and exchange trading fees into account, it's a bargain especially for smaller amounts and the anonymity is priceless.

[jaredboice]

I guess it just depends on what happens from this point on? 

Indeed.

My feeling is that true capitulation was achieved and while we may see one last dip below $300, the trend has turned.

Last night's 30k wall was an expensive way to slow what might have been a dramatic correction on reversal.

I feel strongly enough about this that I bought another 3 coins this morning despite having joked with some dude at Decentral on Saturday about having spent my weekly Bitcoin allowance on that day's 2 coin purchase.

Proud to say I was buying through that wall!

[YogoH]

I have feeling this will be our SR crash.  The brand new bitcoin is dead articles are a good sign this is reversal. Not to mention the huge demand for sub300 coins.

[rocks]

I guess it just depends on what happens from this point on? 

Indeed.

My feeling is that true capitulation was achieved and while we may see one last dip below $300, the trend has turned.

Last night's 30k wall was an expensive way to slow what might have been a dramatic correction on reversal.

I feel strongly enough about this that I bought another 3 coins this morning despite having joked with some dude at Decentral on Saturday about having spent my weekly Bitcoin allowance on that day's 2 coin purchase.

Well done.  Your timing to buy was great.

I am thankful I just convinced my more bearish husband to hold through this last drop.  He seems to get even more moody than I get when the price tanks and wants to sell at the worst times.  Then when the price rises he decides it great to buy more.  (granted, we have been lucky a time or two and bought at relative good times)  But we seriously need to work on not buying or selling based on emotions.   

Take you coins and divide them in half, then let each person do what they want with their own half.

If your husband is bearish or scared you can then just sit back and watch him sell his half, while you hold long term. In 5 or 10 or 15 years the gains on your half will be all yours and every time he comes to you for a piece of your retirement funds you can say I told you so. Well not verbally because that would be mean, but he will say it to himself.

Either that or tell him to grow a pair.