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

[molecular]

its seems like its going down down and down  

well, until it doesn't.

I currently hope for a bounce off ~$300 on high volume, painting a higher low (higher than 275). If we subsequently top out somewhere above 420, we'd have a higher high also and one could therefore talk about a trend reversal.

I still entertain the idea that 275 was a V-shaped bottom forming "the" bottom. It fits nicely with past behaviour, but maybe it's naive to think that way.

The bearish case: we slam through 300, 275 (maybe on second go), maybe even 266. If the latter: people will cut their loose in droves and the bears will have a big party. Panic, capitulation and a nasty bottom below the old ATH. Not a pretty sight and quite unlikely imo.

I guess I'm stating the obvious, though.

Interesting times anyways.

[NotLambchop]

...

Frighteningly accurate.

[BlindMayorBitcorn]

...

Frighteningly accurate.

LOL

[fonsie]

...

Frighteningly accurate.

Indeed, it knows you are a degenerate.  

[dakota neat]

Big trollfest here again means bottom must be near.

[inca]

BTC swap rights dived on finex..noone wants to borrow btc..

[Erdogan]

Bitcoin is great and all, but my biggest mistake is finding this thread.
All that endless yapping from the trolls with some sort of Messiah complex, trying to save us poor souls. Some of them even having a "Academic" complex.

Yawn.

Personally, I appreciate Jorge's analysis, and encourage him to continue it. If you don't like it, put him on ignore and leave it at that.

No, there is a choice: ignore OR argue.

[Sunderland]

its seems like its going down down and down 

It's the weekend, relax.

Just a small weekend correction. Nothing to worry about. We're about to go up.

i like this positive words , yes it will go up again soon.
i hope all btc holders are not panic , learn from the past.

[fonsie]

Let's do some wall observing

[Erdogan]

Ignoring people because they have different opinions than yours is the reason you holders are losing money every day, while people like me who are able to consider other peoples points of view cut their losses long ago.

I'll be listening for the butthurt to ratchet up a notch once we get sub 300. Shouldn't be long now. This train is off the rails.

It's impossible to lose money if you don't sell.

That argument is usually used by gamblers. Even if you don't sell, what matters is how much that bitcoins are worth now compared when you bought. So if you bought higher you are losing money. The past is over and you don't know what will happen in the future, the only thing that counts is the present.

Yes. It's called unrealized loss.

And let's not forget that 1 BTC will always worth 1 BTC

So it is a question of losing value, not money.

[ShroomsKit]

Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.

Finally waking up from the fantasy?

[N12]

I will leave this place soon. Bitcoin is dead, it's only down from here and i sold everything i got quite a while ago so there is nothing for me here anymore.
I tried to help the few delusional bulls who just won't give up but they don't appreciate my warnings very much. Ah well, your money. I don't care really.
I'll come back every 50 dollar drop for some entertainment. So long and thanks for buying my coins at 400. Poor schmucks.

Good luck with your pump and dump coin.

I feel sorry for all the idiots who sold at these ridiculous prices and i will laugh at all the bears who will get caught in trap after trap the coming weeks.

The only winners are the holders (like me) and the people who pick up the last cheap coins while they can.

We're going up and it's confirmed!

Quote this every page that Shroomsy posts in.

[Erdogan]

Highers transactions means more users, but if they are not willing to buy then it doesn't mean price will go up. People like to invest when price is going up, and when they look last year chart they get scared as fuck. This users will probably buy, but they will feel the real urge to buy when bitcoin is 2x or 3x over ATH because bitcoin will be "cool again" and they won't want to "miss the train".
And I'm also convinced it is growing faster because people are sending more bitcoins to exchanges and expending them, adding more selling pressure.

I think bitcoin will have a shiny future, but it will need time to develop, maybe 6, 12 or 18 months. It is not magically goin to rally like lot of people think here.

but what if higher transactions translates to more coins being bought off exchange?

that sound like a pretty bullish scenario would you not agree?

What?
Are you telling me if Satoshi comes and dumps off exchange 1 million bitcoins would be bullish for the price because lot of people would be buying?

When you sell something in the other side there is a buyer... that's granted. But what matters is sellers to buyers ratio. If you have more sellers price go down...
That's pretty simple, dude...

To elaborate, just for fun: It depends. Imagine two actors, one has a car, and the other has 10 coins. The  coin owner might think the car is worth more for him, and want to buy it. The other might think the car is worth less than 10 coins, and want to sell, in which case there will be a trade.

Note that the car owner can use cars as a unit of account, asking himself whether the coins are worth more than a car, or less than a car. It is the same, and it is important to know that the value of money is decided in the market just like other goods.

Now the important point. After the trade, the situation can be exactly the same, only the individual actors are different. One holds a car, the other one holds the coins. The value in the market for both of those things should be the same. But if the new car-holder thinks, after the trade, that now is the time to earn some new coins to repair his cash balance, and coin owner is happy holding his, the value of the coins have to go up and therefore the value of the car goes down (all things on the market other than money, really). Opposite, if the new car owner is happy with his situation, and the new coin owner sets out to spend his coins as fast as possible, the value of the coins should go down.

Now the really important point: This change of value of the money and the useful goods could happen without the trade, it is the actors' individual valuation, in aggregate that matters. That is why actual trade with money does not change it's value directly (indirectly there are lots of avenues for more transactions to lead to higher value, but that is beside the point).

[InvestorPerson]

Price goes down very slowly... hope that something happen and price will rise up because price is too much low now  

Don't worry. It'll go up eventually and when it does you'll be smiling you 'survived' this bearmarket.
Even all the trolls in here want it to go up once they buy in. They just don't want you to know.

Why will it eventually go up?
Why do so many here act like that is a fact, like it's guaranteed.

Bitcoin is not some company that'll go bankrupt and disappear.
It's a resilient technology that won't go away for many generations to come.
This 'going down' is a correction of the last bubble which had too many weird anomalies like the willy-bot and mt.gox collapse.
There is simply too much going for this tech to just vanish and bitcoin going to zero.

Today I bought some more  .

the technology is the blockchain

the coin can die, the tech will survive

[noobtrader]

do i see market movement in a blip

[jaberwock]

Big trollfest here again means bottom must be near.

them bottom is always near, even we are in the top, because here is the trollfest topic


Only thing that changed is that now the bitcoin is dead trolls are dominating, while some time ago the bitcoin to the moon 1M each until the end of year trolls were more active some months ago

[ChartBuddy]

Explanation

[noobtrader]

http://cointelegraph.com/news/112827/spells-of-orbital-the-first-game-that-uses-bitcoin-and-blockchain-technology-announced

GAMES + BLOCKCHAIN + MONEY

BULLISH !!!

[Dotto]

[MrBig]

82 people thought price would be higher than $400 on Halloween. And they say the majority are bearish 

We've still got quite a ways to go before the real panic sets in. $266 will be very interesting.