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

[lyth0s]

Cmon, no fucking way we will not go down here..

Did you sell?

I closed a small bit of my long, Hoping that we hit 410 atleast

Yea, this s--- has gotten more than a little bit cartoonish at this point. Even the fiercest of hodlers wasn't saying... oh, we'll be at $450 today. Whoever just happened to have coins, good on you. But, this s--- is cartoonish.

The "fiercest of hodlers" are holding because they know everything in the 3 digits is WAY too low for bitcoin price. $400's is just childs play.

Hey, I'm not saying you all won't sell or that you don't have a wild valuation in your head -- what I'm saying is that you didn't wake up this morning and think it would be this price on the market board. No f---ing way.

I wake up EVERY morning knowing that the actual value of bitcoin is wayyy higher than the current price and I'm waiting for that correction to come.

2014 was the year of the "Great Shakeout" and you probably have very few coins right now. I see you joined the forums after the 2013 bubble and you have only seen the bear side of bitcoin. I told YOU specifically about a week ago, and I paraphrase, "I hope you realize that bitcoin IS the end game and that you don't miss the train being left as a fiat bag holder".

Crackpot! You are doing better than me, but you are still a cultish crackpot.

Such aggression, so sad.

Did you not see the crazy bull---- that guy wrote. I mean, c'mon.

Some people get very defensive when they lose money or publicly make a bad decision. You have now resorted to name calling? My advice for you is to keep some amount of bitcoins for the long haul. You haven't been in the bitcoin game long and right now all you know is price decreasing and "short short short!!", but that more than likely won't continue to bitcoins demise. The infrastructure is growing and many people are invested in its future success.

Continue your shorting if you wish, but do yourself a favor and keep some cold storage coins too just incase the "crackpots" and "bulls" and "cultist" end up being right....

[spooderman]

Wow who mods the mods?

[inca]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

Shorting a commodity with a repeated history of shooting up 10x higher in price seems a bit silly. Unless you have some insider knowledge.

[fonzie]

Wow who mods the mods?

<-------------
Me

Please PM me if you have any complaints, i´m sure we can sort it out.

BLITZ please calm down!

[David M]

Right at the bottom of the channel.

http://bitcoincharts.com/charts/bitstampUSD#rg360zigWeeklyztgCzbgEza1gWMAzm1g13za2gWMAzm2g52zvzcv

Buy all dips to $380, stop loss at $320.

[Newbie1022]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

In a market like this you don´t go short, you close longs and open new ones(at a lower price) if you´re sure that a bottom is in and we´re going to break to new highs. Shorting in a massive bull market is stupid as fuck IMO 

It wasn't a massive bull market literally less than 24 hours ago, we got turned back at 2750 on Huobi and OkCoin and 2650 on Huobi just a few minutes ago suggesting that the bots have called the top, and it just seems like too much too soon.

Also, I'm using relatively narrow stops (not very narrow) and am willing to swing back in the market and ride to the next pivot point to recoup a portion of losses. Like, yesterday, I made a dumb--- call at 383... but I didn't absorb the entirety of that loss.

So, there's that. As to the other gentleman, Inca, who said I'm resorting to name calling... a guy was posting porn on here earlier today... it's been a bit of a crazy day no matter how you slice it. Fair?

[Newbie1022]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

Shorting a commodity with a repeated history of shooting up 10x higher in price seems a bit silly. Unless you have some insider knowledge.

What "repeated" history do you speak of (really, I mean, something starting up, if it is successful, is bound to have an exponential type growth, but you are talking about  over a year ago)? It's volatile. Shorting or longing or taking any leverage on this thing is a maniac's move. Admitted.

[lyth0s]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

[notme]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

In a market like this you don´t go short, you close longs and open new ones(at a lower price) if you´re sure that a bottom is in and we´re going to break to new highs. Shorting in a massive bull market is stupid as fuck IMO  

It wasn't a massive bull market literally less than 24 hours ago, we got turned back at 2750 on Huobi and OkCoin and 2650 on Huobi just a few minutes ago suggesting that the bots have called the top, and it just seems like too much too soon.

Also, I'm using relatively narrow stops (not very narrow) and am willing to swing back in the market and ride to the next pivot point to recoup a portion of losses. Like, yesterday, I made a dumb--- call at 383... but I didn't absorb the entirety of that loss.

So, there's that. As to the other gentleman, Inca, who said I'm resorting to name calling... a guy was posting porn on here earlier today... it's been a bit of a crazy day no matter how you slice it. Fair?

It's been a massive bull market since trading started in 2009 at less than 1 penny/BTC.  If the bulls didn't move quick, they wouldn't catch as many bears with their shorts on.

[fonzie]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

In a market like this you don´t go short, you close longs and open new ones(at a lower price) if you´re sure that a bottom is in and we´re going to break to new highs. Shorting in a massive bull market is stupid as fuck IMO 

It wasn't a massive bull market literally less than 24 hours ago, we got turned back at 2750 on Huobi and OkCoin and 2650 on Huobi just a few minutes ago suggesting that the bots have called the top, and it just seems like too much too soon.

Also, I'm using relatively narrow stops (not very narrow) and am willing to swing back in the market and ride to the next pivot point to recoup a portion of losses. Like, yesterday, I made a dumb--- call at 383... but I didn't absorb the entirety of that loss.

So, there's that. As to the other gentleman, Inca, who said I'm resorting to name calling... a guy was posting porn on here earlier today... it's been a bit of a crazy day no matter how you slice it. Fair?

It is one now!

[Newbie1022]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

[ChartBuddy]

Explanation

[inca]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

Shorting a commodity with a repeated history of shooting up 10x higher in price seems a bit silly. Unless you have some insider knowledge.

What "repeated" history do you speak of (really, I mean, something starting up, if it is successful, is bound to have an exponential type growth, but you are talking about  over a year ago)? It's volatile. Shorting or longing or taking any leverage on this thing is a maniac's move. Admitted.

Have you seen the bitcoin log price chart?

[grappa_barricata]

possible price range by the end of the week: anything from 300$ to 500$ FFS

[notme]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

[LFC_Bitcoin]

possible price range by the end of the week: anything from 300$ to 500$ FFS

Wow, really putting your neck on the line with that prediction.

[Newbie1022]

I was calling you out on the random childish name calling. Just because there is one (or more) idiots in the room doesn't mean that you have to join them. Acting out like that is a personal decision and reflects on yourself only.

I guess what I'm trying to say is that this isn't probably the right forum to be sensitive about name calling. People are making huge amounts on a day like this or losing huge amounts. There will be s--- talking. If you want a tea and crumpets parliamentary level conversation then there are plenty of book clubs. I hear people like those a lot. But, in a maniac day... have thicker skin. People are not going to self-moderate themselves and it is unrealistic to expect that.

Not that I mean any offense to you... but c'mon.

Translation: I don't give a shit how my actions reflect on me.  I'm going to express myself however I want, and if it makes me look like an idiot, so be it.  I'm emotional today.

One of many valid interpretations. And you should know... because you just did the same thing.

[fonsie]

Nice one to the idiots bears shorting with my coins on finex. Thanks for the interest!

You're welcome. Yes, I'll admit it. Opened a short yesterday at 383, closed it at 406, rode long for a bit to 425 recouping part of it (about 2/3), and am short again at 425.

This market right now makes not a lick of sense to me. Too much, too soon, no reason... it's entirely possible that it was just oversold for a long time, but damn if this isn't a bit too sudden a change.

Good luck shorting at 425$, see you at 500$, the market at this moment makes perfect sense. It didn't make sense the past year.

[smashing]

Some back of the cigarette pack calculations, assuming all Bitcoins have been mined (21 million by 2140)...

If Bitcoin were to reach parity with the size of Denmark's money supply (M2 figure - $177 Billion)

1 BTC = $8,445

If Bitcoin were to reach parity with the size of gold (Above ground figure - $6.7 trillion)

1 BTC = $319,000

If Bitcoin were to reach parity with the size of the dollar (M2 figure - $11.5 trillion)

1 BTC = $546,000

If Bitcoin were to replace all the money in the world (M2 figure - >$68 trillion)

1 BTC = $3.3 million

So if you believe that Bitcoin will become either a widely used currency or commodity, take your pick...

Sources:

M2 Figures - http://www.tradingeconomics.com/country-list/money-supply-m2
Above Ground Gold figure - http://onlygold.com/Info/All-The-Gold-In-The-World.asp
Global money supply (M2) - http://simonthorpesideas.blogspot.com/2013/04/total-global-debt-and-money-supply.html
Currency Conversion - http://xe.com

[fonsie]

possible price range by the end of the week: anything from 300$ to 500$ FFS

Wow, really putting your neck on the line with that prediction.

I'm going all in and predict that it will be between 0$ and MOON somewhere tomorrow.