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

[JayJuanGee]

so when do we hit the bottom people?

can be anywere from 275 to 0

Surely it is NOT impossible, but seems like there would be a considerable battle for prices to go below $300 again.... but what the fuck do I know?

[NotLambchop]

[JayJuanGee]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.   

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

[noobtrader]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.   

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

are you bought at 238 ? or planning to buy at 238 ?

[catena5260]

so when do we hit the bottom people?

When people stop lending their coins out for shorting.

You mean never.


I think it will be when people stop to have big profits by trading with borrowed coins

[JayJuanGee]

Number of transactions ATH
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=1year&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

Yet the total daily transaction output volume in BTC (minus changebacks) is still ~120 kBTC/day, less than it was in mid-March, late May, and two weeks ago:
https://blockchain.info/charts/estimated-transaction-volume?showDataPoints=false&show_header=true&daysAverageString=7&timespan=&scale=0

And, since the price has been falling, the total volume in USD (minus changebacks) has been stagnating near 50 M$/day since late March, after falling from 80+ M$/day in January
https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=&show_header=true&daysAverageString=7&scale=0

By the way, those charts do not seem to have been maintained in a long time, and no one is monitoring their "contact us" thread.  I wonder how they identify the "popular addresses".  The growth in the chart posted by @touhonoob could be due to that list becoming outdated, so that new "popular addresses" are increasingly being included in the plot.

There's NOTHING that is really bearish about the data contained in your first two links above, and your last point seems to be near total pie in the sky speculation with NO real world evidence to support the point that you seem to be attempting to outline (as if bitcoin is kind of dying away... hehehehe.. yeah, right...) 

[adamstgBit]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.   

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

did you go back in time to pick up $238 coins?

[adamstgBit]

i think i'm waiting for a sign to get my bids in...

[justusranvier]

I think it will be when people stop to have big profits by trading with borrowed coins

There are people trading with borrowed/purchased coins at a loss.

There is a network of entities that buy/borrow coins over the counter, then short with them regardless of whether or not they take losses.

[JayJuanGee]

1) lend out 50K BTC
2) max leverage 50million
3)  
4) Profit!!

These kinds of schemes could cause for real strange dynamics of people being able to officially trade way more coins than they actually possess... but I believe even with these kinds of schemes they are going to run out of coins, sooner or later, unless there is some kinds of  shenanigans going on behind the scenes, such as forms of fractional reserve banking with bitcoins.. which would really be what we do NOT want to be taking place (if such fractional reserve bitcoin banking can be prevented from occurring).

[mmitech]

so when do we hit the bottom people?

When people stop lending their coins out for shorting.

how old are you ? and what kind of education do you have ?

[Tzupy]

[noobtrader]

this is crazyness 336 !!! 

[JayJuanGee]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.   

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

are you bought at 238 ? or planning to buy at 238 ?

oh... oops... You got me there.        I made a mistake in my typing, and I had meant to type that I bought at $338 a little before I typed that original post.  I wonder if that $238 versus $338 was an innocent typing mistake or a Freudian slip?  WHOAZZA!!!!!    Good eye, mate.   

[grappa_barricata]

Somebody brought 3k BTC at Okcoin...

EDIT: and another 3k brought...

[JayJuanGee]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.  

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

did you go back in time to pick up $238 coins?

I wished!!!!!!.... Fuck.       

[JayJuanGee]

i think i'm waiting for a sign to get my bids in...

What kind of sign?

[bzzard]

Is it just me or there is alot of hidden walls on finex?
Last 15min chart shows over 2k volume (mostly dumping) but we didn't go below 334$, despite ther was no support...  

There was ~500 btc to 340 and 1500 btc was sold, so yeah.

[JayJuanGee]

this is crazyness 336 !!! 

I don't see what you are referring to?  The lowest that I see so far on Bitstamp is $337.74...

We use Bitstamp prices here, unless you otherwise specify your reference

[octaft]

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type.  I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours.  

O.k..  do you have words? What's your point?  I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

are you bought at 238 ? or planning to buy at 238 ?

You would think your point would be obvious to anyone with half a brain by what you bolded, but subtlety is lost on morons.