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

[okthen]

I wonder if this is the general forum feeling felt before other bubbles. I came into btc so close to the beginning of the Nov 2013 rally that for a while there I had the feeling bitcoin was all about going up. So I don't really know what's the sentiment that preceeds leaving a long bearish market...

This situation is unique. It's the first time we see the Bitcoin market behave like this.
As i said it turned into a pump and dump coin.
That's why i'm out. This won't change anytime soon either.

Oh c'mon, do you really think pumping and dumping will afect the long term course? I think it will only mean a few extra waves here and there.

[derpinheimer]

Man, if I had some money to play with on Bitfinex I'd short so hard rite nao

What exactly would you do?

LEVERAGE SHORT $425

Sorry, i'm clueless with that stuff. What would that do exactly.

I'm not sure if you're trolling me, since I've said multiple times I don't entirely understand leverage and shorts myself, but.. I would lend BTC from someone @ BFX, sell it at $425, and hope to buy it back lower. With leverage.

[Torque]

I wonder if this is the general forum feeling felt before other bubbles. I came into btc so close to the beginning of the Nov 2013 rally that for a while there I had the feeling bitcoin was all about going up. So I don't really know what's the sentiment that preceeds leaving a long bearish market...

This situation is unique. It's the first time we see the Bitcoin market behave like this.
As i said it turned into a pump and dump coin.
That's why i'm out. This won't change anytime soon either.

To my knowledge, the bitcoin market didn't really have the ability to short before Nov 2013 because no exchanges offered it.  Now it's everywhere.  To me, this is the biggest problem now... no one trusts that an uptrend is real, believing that it's just a short term pump (in order to short at the top) or simply a short squeeze that's causing an artificial rise.  We can't see any true demand buying.

[JimboToronto]

flopping back down

LOL All the way to $415.

No.  All the way to $395.  Don't fib when you don't need to

$395? What, 15 hours ago? LOL  

Fibbing? LOL

Meanwhile how long ago was $415?

 

[NotLambchop]

flopping back down

LOL All the way to $415.

No.  All the way to $395.  Don't fib when you don't need to

why cant you be a bull for once a while ?

You mean why don't I pretend that 395 is 415 once in a while?  To what end?

[FNG]

The game has changed


$405.01   273.04471324   $110,585.84
$405.00   534.73468024   $216,567.55

[ShroomsKit]

Man, if I had some money to play with on Bitfinex I'd short so hard rite nao

What exactly would you do?

LEVERAGE SHORT $425

Sorry, i'm clueless with that stuff. What would that do exactly.

I'm not sure if you're trolling me, since I've said multiple times I don't entirely understand leverage and shorts myself, but.. I would lend BTC from someone @ BFX, sell it at $425, and hope to buy it back lower. With leverage.

Right. And no, was a honest question.

[ShroomsKit]

The game has changed


$405.01   273.04471324   $110,585.84
$405.00   534.73468024   $216,567.55

What does that mean?

[Plazma]

The game has changed


$405.01   273.04471324   $110,585.84
$405.00   534.73468024   $216,567.55

What does that mean?

It means you missed the train, and we are going to the moon.

[ShroomsKit]

Well, so much for the pump. The dump will follow shortly.

[coins101]

Well, so much for the pump. The dump will follow shortly.

Now you are trolling 

[hdbuck]

Well, so much for the pump. The dump will follow shortly.

says teh prohpet

[NotLambchop]

flopping back down

LOL All the way to $415.

No.  All the way to $395.  Don't fib when you don't need to

$395? What, 15 hours ago? LOL  

Fibbing? LOL

Meanwhile how long ago was $415?

 

Jimbo, you must be too overinvested to think rationally.
The price spiked to 418 (417.99) and went back down to 395.  That's how far it fell from the most recent high.  Now it's coming back up again.  Not quite 315, but you're getting there.  Hold tight

[JimboToronto]

Well, so much for the pump. The dump will follow shortly.

Now you are trolling 

Everyone needs a hobby.

[Feri22]

Well, so much for the pump. The dump will follow shortly.

Now you are trolling 

Maybe the whales have fu*ked up sense of humor and they were keeping the price down all the time just to break ShroomsKit to the bear side...

[Feri22]

[BitChick]

I wonder if this is the general forum feeling felt before other bubbles. I came into btc so close to the beginning of the Nov 2013 rally that for a while there I had the feeling bitcoin was all about going up. So I don't really know what's the sentiment that preceeds leaving a long bearish market...

This situation is unique. It's the first time we see the Bitcoin market behave like this.
As i said it turned into a pump and dump coin.
That's why i'm out. This won't change anytime soon either.

To my knowledge, the bitcoin market didn't really have the ability to short before Nov 2013 because no exchanges offered it.  Now it's everywhere.  To me, this is the biggest problem now... no one trusts that an uptrend is real, believing that it's just a short term pump (in order to short at the top) or simply a short squeeze that's causing an artificial rise.  We can't see any true demand buying.

I think shorting has affected things for sure.  I think it might take rallies longer to start because of it.  As the price inches upwards the shorters will try to take advantage of that and dump.  However, the momentum will at some point take over and because of that I would be very cautious.  If the market decides to rally I don't believe anything can keep the price down.

[noobtrader]

flopping back down

LOL All the way to $415.

No.  All the way to $395.  Don't fib when you don't need to

$395? What, 15 hours ago? LOL  

Fibbing? LOL

Meanwhile how long ago was $415?

 

Jimbo, you must be too overinvested to think rationally.
The price spiked to 418 (417.99) and went back down to 395.  That's how far it fell from the most recent high.  Now it's coming back up again.  Not quite 315, but you're getting there.  Hold tight

global economic recession is near, and even a noob trader can sense it.  btw i have quit my position in stock exchange and wait for more good news from bitcoin.

[holzer]

Well, so much for the pump. The dump will follow shortly.

If you really did sell all your coins, I don't know how someone could hold during a downtrend all the way to 275 and then sell everything when the things finally seem to be turning around and a new uptrend starting. You are too emotional to try and swing trade. You are going to be very sorry.

[NotLambchop]

I wonder if this is the general forum feeling felt before other bubbles. I came into btc so close to the beginning of the Nov 2013 rally that for a while there I had the feeling bitcoin was all about going up. So I don't really know what's the sentiment that preceeds leaving a long bearish market...

This situation is unique. It's the first time we see the Bitcoin market behave like this.
As i said it turned into a pump and dump coin.
That's why i'm out. This won't change anytime soon either.

To my knowledge, the bitcoin market didn't really have the ability to short before Nov 2013 because no exchanges offered it.  Now it's everywhere.  To me, this is the biggest problem now... no one trusts that an uptrend is real, believing that it's just a short term pump (in order to short at the top) or simply a short squeeze that's causing an artificial rise.  We can't see any true demand buying.

At least partially. 

...
I did mention that around this time last year, some serious people entered the market--richer, tougher, and smarter than myself.
I also admitted that, around that time, I knew that I was no longer able to read the market.