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

[QuestionAuthority]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

[podyx]

If we don't have a decent spike today, tomorrow or on friday, i'ma be slightly worried ($25+)

Yes, the next days are critical.

In my opinion, they kinda are, yes. But it of course depends on how deep we go in what direction

If we would go lower then 275, I will mentally prepare myself for the demise of bitcoin, wouldn't sell though (Unless I short )

[nagnagnag2]

can someone post that chinese guy who say "holy shit"?

[NotLambchop]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

Lying to people for their own good.  The stuff every dystopian fic is made of

[podyx]

can someone post that chinese guy who say "holy shit"?

http://forum.microvolts.com/forum/customavatars/avatar3860193.jpg

why? lol

[JayJuanGee]

I haven't so far...so for the sake of the n00bs, what's about to happen? 

We have some buying pressure but the dumper will keep dumping like he has the last few months. All the buyers will get scared away and we enter the bear market again. And i hope i'm wrong. But i'm rarely wrong.

Yesterday, for a moment, we had a glimmer of optimism out of Shroomie....   Glad that you are back to your regular irritable self... 

[njcarlos]

I think you under estimate the big money waiting to buy when people are loving the pure panic and fid that brought us here. Trends gotta play out but also have to end.

These plateau-like intervals, in my opinion, is the big money. I think they're the only reason the decline as been so tame. They're buying at certain price points and averaging on the way down. Likely buying up to some allocated amount, and then stopping. Which causes sideways movement and eventual sliding/dumping. I don't expect them (or want them) to sustain any one price. They'd lose money doing that, anyway. They've been losing a shit ton of money as it is.

[nagnagnag2]

can someone post that chinese guy who say "holy shit"?

http://forum.microvolts.com/forum/customavatars/avatar3860193.jpg

why? lol

thank you!

[QuestionAuthority]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

Lying to people for their own good.  The stuff every dystopian fic is made of

It's not a lie. Don't you believe Bitcoin will eventually be worth a lot of money? 21,000,000 can only be split between so many people in whole bitcoins. Eventually Satoshis will be the new Bitcoin.

[inca]

I think you under estimate the big money waiting to buy when people are loving the pure panic and fid that brought us here. Trends gotta play out but also have to end.

These plateau-like intervals, in my opinion, is the big money. I think they're the only reason the decline as been so tame. They're buying at certain price points and averaging on the way down. Likely buying up to some allocated amount, and then stopping. Which causes sideways movement and eventual sliding/dumping. I don't expect them (or want them) to sustain any one price. They'd lose money doing that, anyway. They've been losing a shit ton of money as it is.

I think the trend change is going to catch you out..

[octaft]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

I read all your posts. I still don't see it.

[Davyd05]

I think you under estimate the big money waiting to buy when people are loving the pure panic and fid that brought us here. Trends gotta play out but also have to end.

These plateau-like intervals, in my opinion, is the big money. I think they're the only reason the decline as been so tame. They're buying at certain price points and averaging on the way down. Likely buying up to some allocated amount, and then stopping. Which causes sideways movement and eventual sliding/dumping. I don't expect them (or want them) to sustain any one price. They'd lose money doing that, anyway. They've been losing a shit ton of money as it is.

I think the trend change is going to catch you out..

I dont understand how he thinks this has been a tame decline. But don't get me wrong I am not shouting this is the reversal as much as it will be a part of it. The only thing solidifying a reversal would be a big short squeeze.

[sidhujag]

All you have to do is look at volume... 148,188 btc exchange today.. divide that by 10... 15k bitcoin > 3600 by a factor of almost 5x... so smart money is buying here.. when miners dump less price will be floating much higher.

[njcarlos]

I think the trend change is going to catch you out..

Possibly, but I'm only after a few more coins before I'm done accumulating (in this range). If we sustain $330-360 for a week or so, I'll just buy here and call it a day. If not, I'll likely buy as close to $300 as I can and wait to see what range becomes the next stable support, whether that's in the $200s or $400s, I'm not too worried. I'm definitely not worried about some massive rally into the $600s or higher. We'd need some seriously positive black swan event for that.

I dont understand how he thinks this has been a tame decline. But don't get me wrong I am not shouting this is the reversal as much as it will be a part of it. The only thing solidifying a reversal would be a big short squeeze.

I consider it tame because it's been over the course of about 8 months. If it was within a 2 or 3 month span, that'd be violent, imo.

[NotLambchop]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

Lying to people for their own good.  The stuff every dystopian fic is made of

It's not a lie. Don't you believe Bitcoin will eventually be worth a lot of money? 21,000,000 can only be split between so many people in whole bitcoins. Eventually Satoshis will be the new Bitcoin.

Regardless of what I believe, telling "total bullshit because that creates new money" is wrong, if you care about that sort of thing.
Sustaining Bitcoin's price by lying to investors is fraud, no matter how you couch that.

[QuestionAuthority]

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

How very hypocritical of you.

No, not really. Read my last post and you'll see why it's for their own good.

I read all your posts. I still don't see it.

I like the continuous to the moon talk even if it is total bullshit because that creates new money.

It does but, when done with poor timing in a correction, it also creates a lot of negativity because people start to lose value pretty quickly. That can just as quickly start a cycle of negativity that actually inhibits new money.

It might be negative in the short run but think about the long run. Lots of positive here defeats the negative in the press. Some poor fool buys at the wrong time and there is a drop. Ok, he's pissed at first but won't sell because he doesn't want to lose any money. While he's waiting for an increase he starts to read and learn. Now he likes the idea of Bitcoin because he understands it. Eventually it goes up and he's a happy convert to the cult. All of the honesty here is fucking up Bitcoin. lol

[Davyd05]

I think the trend change is going to catch you out..

Possibly, but I'm only after a few more coins before I'm done accumulating (in this range). If we sustain $330-360 for a week or so, I'll just buy here and call it a day. If not, I'll likely buy as close to $300 as I can and wait to see what range becomes the next stable support, whether that's in the $200s or $400s, I'm not too worried. I'm definitely not worried about some massive rally into the $600s or higher. We'd need some seriously positive black swan event for that.

If by black swan you mean news then no we don't need that, if you meant a severe change in sentiment shown by buying pressure then maybe.  But the rest of the post was spot on. 400 cad is my next threshold to buy, I missed 309 cause I didn't deposit thinking we were grinding lower to 275 with a slower recovery. 384cad vs 400 is cheap enough to wait out a bear knice that might be the final trap to this trend.

[ShroomsKit]

Profit taking on an up trend?

Traders are extremely greedy and long term blind. They risk everything as long as they can take that 50 bucks profit. And that's why most of them lose money. And at the same time ruin the market.
Traders are Bitcoin's cancer.

[JayJuanGee]

Just a heads up... watching OKCOIN btc/cny the rise has been on bad footing... i expect it to go lower and make new lows... you can take me to the bank with this.

So how do I cash in on this when you're wrong?

Already happening... wanna bet on it? escrow?

500 BTC ok and Theymos as escrow?

Too high... 50 btc sure

Nah, that's not enough to be fun. We'll just have to see if you're right.

You're a joke.

You can always put up the rest.

He's not the one who wanted to bet when I was "wrong".. you asked how and I gave you an option.. he did not ask for an option.

What are the terms. What exactly are you saying is going to happen. I read it to mean you expect the price to go lower than it has been recently and fast. It that right?

You are both talking bullshit... You do NOT need to bet 50 or 500BTC to have a serious bet regarding how someone is predicting the future and to specify  such prediction(s).

[Davyd05]

I think the trend change is going to catch you out..

Possibly, but I'm only after a few more coins before I'm done accumulating (in this range). If we sustain $330-360 for a week or so, I'll just buy here and call it a day. If not, I'll likely buy as close to $300 as I can and wait to see what range becomes the next stable support, whether that's in the $200s or $400s, I'm not too worried. I'm definitely not worried about some massive rally into the $600s or higher. We'd need some seriously positive black swan event for that.

I dont understand how he thinks this has been a tame decline. But don't get me wrong I am not shouting this is the reversal as much as it will be a part of it. The only thing solidifying a reversal would be a big short squeeze.

I consider it tame because it's been over the course of about 8 months. If it was within a 2 or 3 month span, that'd be violent, imo.

Yeah  but  thats not how capitulation happens in bitcoin