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

[ShroomsKit]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

[JayJuanGee]

http://thepiratebay.se/torrent/11183060/The_Rise_and_Rise_of_Bitcoin_-_HD
https://blockchain.info/address/19xb2pAzyv7feFkBhbh3n3rtBJ9JPTufm

CCMF!!

The ending is very depressing (in my opinion anyway).

Why? Without giving too many spoilers.

The first parts are really euphoric (blindly optimistic, positive, fun, exponentially progressing...). Then you start to learn about how this all is a big wild roller coaster in both monetary and emotional aspects (prices fluctuate, companies rise and fall while they steal your money and/or BTC and seemingly good guys face jail time, prices crash again, etc, so basically 99.9% of the people lose something or other at the end: time, money, coins, spiritual happiness, positive future outlook..., sometimes all of these at once).
The ending shows how Bitcoin sucked out most the enthusiasm from a main subject of the documentary who was probably one of the very few true Bitcoin supporters who never seemed to gave up. For me, it seemed like he feels really empty now, like he already lost the hope and he just fails to admit it for himself and move on, he just got stuck with Bitcoin but without the spiritual or monetary benefits.


Ahh...
That order I didn't place 1-2 hours ago (because I were listening to Schiff) would be in the green already.
Starting to feel like a real reversal to me.

Janos666:  

I agree with you that the documentary seems to show quite a few difficulties in the bitcoin space and a lot of emotional turmoil of the participants; NONETHELESS, I believe that your review of the documentary is a bit overly pessimistic about what the film depicts.

I posted a review here:  https://bitcointalk.org/index.php?topic=512096.msg9167034#msg9167034

This wasn't a review, just my impression.
I waited for this movie to make one of my friends watch it. I have been trying to lure him into buying at least a few BTC and trade with me instead of fooling around with the forex and paper gold markets. I know BTC better, he knows markets in general better, so I figure it could be a profitable cooperation for both of us...
Then the torrent came online and I watched it first. I even liked it because I know how it goes (I wasn't an early adopter but I have been around for a while, earlier than my forum account) and it's good as a documentary. But I definitely won't ask that friend of mine to watch it! I sent him links for the Antonopoulos and CFTC hearings instead. The ending was too depressing and that leaves a mark.

Whether you were posting your review or your impression, it adds up to a similar concept.

I posted somewhere else (I believe in the Rise and Rise thread) that the audience seems to be geared towards people who are already acquainted with bitcoin and insiders... surely, I agree with you that the documentary does seems to be too well geared towards helping to assist anyone who may be "on-the-fence" about whether to get started with bitcoin investing.

[inca]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

That's short leverage for you. Once the longs get momentum and it becomes obvious the low is in then people will stop dumping and start buying.

[heartastack]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning

[JimboToronto]

There's a long way to go yet but $400 is a good first step on the way back up.

[paul2000]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

The difference is back then we were in the middle of a bull run @400$,
but now we are still working on a trend reversal, all it takes is a little patience.

[kodtycoon]

we will pass 400 level on oct 14th

lol, it turned past midnight here and 10 min. later it came true.  

not 14th where i am.. try again.. lol

[Omikifuse]

Farewell,300's. Hope I never see you again.

And I hope we get another moon bubble like the one from 1 year back

[ShroomsKit]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning

I kinda understand that but why to the downside. Why never up? Is there less money to be made by Bitcoin going up? Hard to imagine.

[razorramon]

@Shroomskit

you really should do something else...you'll get a heartattack before you finish high school

[Blazin604]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

In a way can we view this as a good thing? Isn't slow and steady growth considered " healthier"?

[inca]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning

Having been on the wrong side in the past i can attest it is painful. 10 months of bear market confirmation means some shorts are going to hang on far too long waiting for the bear trend to resume.

[tronic1704]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

These Dumpers but only totally stupid in the head. And if the price continues shoots up, they cry afterwards. It happens to the stupid bear right!

[600watt]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

That's short leverage for you. Once the longs get momentum and it becomes obvious the low is in then people will stop dumping and start buying.

must be hard to break a 10 month habit.

[bengtåke]

Huobi still at $390 wut

[fonzie]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning

+1

[ShroomsKit]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

In a way can we view this as a good thing? Isn't slow and steady growth considered " healthier"?

Sure. No hurry. But non stop people trying to take it down isn't exactly healthy either.

[heartastack]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

It's shorters panicking but instead of liquidating their shorts they are borrowing more money trying to squash the price rise. This is pure desperation and he longs know it. I said it $100 ago the sharks are having fun stripping the shorts like a fat pile of meat on a rotisserie. The best part is making the shooters think they are winning

Having been on the wrong side in the past i can attest it is painful. 10 months of bear market confirmation means some shorts are going to hang on far too long waiting for the bear trend to resume.

rinse repeat rinse repeat. It's like re-loading a cannon. Watch the shorts load up and then pulse burst back up. $450 soon.

[itod]

And they still keep dumping. Crazy.
Last year breaking 400 would result in breaking 450 3 minutes later. Now just dumps. Nothing but dumps. This whole market is 1 big dump.
Imagine letting your coins get worth more. We must do everything to prevent that.

In a way can we view this as a good thing? Isn't slow and steady growth considered " healthier"?

If BTC had a slow and steady growth it would be worth $10 right now. There's nothing slow about bitcoin.

[Robert Paulson]