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

[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.

[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?

 

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

Maybe we're looking at different charts.

I see $395 15 hours ago and $415 minutes ago.

It did go down to $397 more recently. Prone to exaggeration?

[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.

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.

I really hope you're right, and that we find it out soon

[TankHankerous]

Once Winkledee and Winkledumb get their shit together, we'll be on the choo choo train to Monaco

All Abooooooard

[NotLambchop]

...
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.

Take us home, Satoshi!

[hdbuck]

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.

[okthen]

...
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.

Take us home, Satoshi!

Why the hell are they happy?

[Spaceman_Spiff]

...
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.

Take us home, Satoshi!

Why the hell are they happy?

Because they, supposedly like us, have delusional ideas that make them happy even when the reality is ugly. 
Meanwhile, in the real reality, lambchoppy is getting nervous about his shorts , but won't admit it .

[hdbuck]

...
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.

Take us home, Satoshi!

Why the hell are they happy?

Because they, supposedly like us, have delusional ideas that make them happy even when the reality is ugly.  
Meanwhile, in the real reality, lambchoppy is getting nervous about his shorts , but won't admit it .

Meaniwhile, in the reality, lambchoppy is just like you. Just like you are like everyone in here. Because you are all like me: Bitcoin addicts.

Hence no shorts but the tiny borat's mankini that will be left if bitcoin fails.

[inca]

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?

Bit stamp is currently at 410. Ssh.

[criptix]

you people have to realize that all the shorts will be the future fuel for the rocket to a new ath.

when the reversal materilize hard and we reach the area of 600+ then we gonna see a explosion of the price.

this is just the beginning

[Spaceman_Spiff]

Take us home, Satoshi!

Why the hell are they happy?

Because they, supposedly like us, have delusional ideas that make them happy even when the reality is ugly.  
Meanwhile, in the real reality, lambchoppy is getting nervous about his shorts , but won't admit it .

Meaniwhile, in the reality, lambchoppy is just like you. Just like you are like everyone in here. Because you are all like me: Bitcoin addicts.

What, you mean it isn't normal behaviour that I check bitcoinwisdom everytime I go take a shit ?  

[JimboToronto]

Meanwhile, in the real reality, lambchoppy is getting nervous about his shorts , but won't admit it .

[NotLambchop]

@okthen: pretty much what Spaceman_Spiff said.
For the same reason the finance aficionados on this forum are hoping for world economic collapse--they're dangerously deluded cultists.



Freshen your glass?

[NotLambchop]

...
Bit stamp is currently at 410. Ssh.

408, but who's counting?  Fiat's worthless

[njcarlos]

...
Bit stamp is currently at 410. Ssh.

408, but who's counting?  Fiat's worthless

Hah

[JimboToronto]

Freshen your glass?

P.S. I didn't create this. I would have spelled "you're" correctly.

I stumbled upon it and found it appropriate.