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

[Grillo]

nobody posted this yet today?

[Aterna]

Obvious downward channel is obvious.

[derpinheimer]

Was anybody expecting the drop from 450 to 380?

Remember we were at $360 ONE DAY ago

Yeah, I expect stabilizing around $400 +/- $5. This is too high

Some of the more reasonable forum members yes

[redsn0w]

nobody posted this yet today?

http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif

here :

http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif

and  I continue :

[holzer]

Was anybody expecting the drop from 450 to 380?

This is just another short life dead cat bounce, wake up from your moon dream
https://bitcointalk.org/index.php?topic=856400

We are $10 lower than one month ago
https://bitcointalk.org/index.php?topic=855497

My posts all turned out to be true, again..

Awesome another idiot to add to the ignore list!

[NotLambchop]

"INVESTOPEDIA EXPLAINS 'SPECULATOR'
Speculators are typically sophisticated, risk-taking investors..."

If that definition makes you feel better then the best of luck to you...

Why is it that the ignorant poor are so averse to learning?
Why do you get so angry when your betters, out of the kindness of their hearts, stoop down to correct you in hopes of imparting some learnings?  Hmm?

[Another bear picture]

*Dang, fell already

Not being able to tell if you are a speculator or an investor has led quite a few people to bbqing rats over the fire of a garbage can while muttering to themselves "what the he@@ happened?" while simultaneously humming to the tune "Money, money, money" by ABBA.

I realize teh tanking Bitcoin price may be trying on you young finance hobbyists, but buck up, Bucko!  No reason to get all unglued.  Caring people and powerful modern psychopharmaceuticals are ready to help.

[NotLambchop]

nobody posted this yet today?

http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif

here :

http://www.brainlesstales.com/images/misc/bitcoin-roller-coaster.gif

and  I continue :

Mainline that koolaid!

[Fatman3001]

Was anybody expecting the drop from 450 to 380?

This is just another short life dead cat bounce, wake up from your moon dream
https://bitcointalk.org/index.php?topic=856400

We are $10 lower than one month ago
https://bitcointalk.org/index.php?topic=855497

My posts all turned out to be true, again..

But were you clever enough to make money from it?

[grappa_barricata]

this will go up fast in the next few hours, imo...

[rebuilder]

I notice the amount of trolls posting here is a lagging, contrarian indicator of the price...

[LFC_Bitcoin]

Wondering whether I should buy another 1.5 coins tonight at this price hmmmm.

[dreamspark]

This is so much fun, havent traded like this in months. Gonna be a good Xmas this year 

[NotLambchop]

This is so much fun, havent traded like this in months. Gonna be a good Xmas this year 

[JorgeStolfi]

Maybe the problem is there is no clear explanation as market movements are mostly not based on news? Maybe looking at what happens and trying to puzzle out why it happened leads people to see causal links where there are none?

Indeed, news that are only relevant outside China (such as stores accepting bitcoin, the NY regulation process, etc.) seem to have no visible effect on the price.

On the other hand, most of the major price movements since last Decemer were obviously immediate reactions to events and news that were relevant to the Chinese traders: the PBoC decrees in December, the announcement by Mark of a "bug in bitcoin", the rumors and leaks of the PBoC circular in March, the passage of the 15 April deadline without the expected blockages, etc..

There were a few major moves without obvious cause, but it may be that there were causes (such as inside information) that we did not get to know.

To me, it is obvious that it is still the Chinese traders who define the price of bitcoin.  The lags between the exchanges during this last rally may not be proof, but are at least quite consistent with that claim.

[dreamspark]

Maybe the problem is there is no clear explanation as market movements are mostly not based on news? Maybe looking at what happens and trying to puzzle out why it happened leads people to see causal links where there are none?

Indeed, news that are only relevant outside China (such as stores accepting bitcoin, the NY regulation process, etc.) seem to have no visible effect on the price.

On the other hand, most of the major price movements since last Decemer were obviously immediate reactions to events and news that were relevant to the Chinese traders: the PBoC decrees in December, the announcement by Mark of a "bug in bitcoin", the rumors and leaks of the PBoC circular in March, the passage of the 15 April deadline without the expected blockages, etc..

There were a few major moves without obvious cause, but it may be that there were causes (such as inside information) that we did not get to know.

To me, it is obvious that it is still the Chinese traders who define the price of bitcoin.  The lags between the exchanges during this last rally may not be proof, but are at least quite consistent with that claim.

I take it you still don't want a Bitcoin off me for Christmas just like last year

[Fatman3001]

"INVESTOPEDIA EXPLAINS 'SPECULATOR'
Speculators are typically sophisticated, risk-taking investors..."

If that definition makes you feel better then the best of luck to you...

Why is it that the ignorant poor are so averse to learning?
Why do you get so angry when your betters, out of the kindness of their hearts, stoop down to correct you in hopes of imparting some learnings?  Hmm?

[Another bear picture]

*Dang, fell already

Not being able to tell if you are a speculator or an investor has led quite a few people to bbqing rats over the fire of a garbage can while muttering to themselves "what the he@@ happened?" while simultaneously humming to the tune "Money, money, money" by ABBA.

I realize teh tanking Bitcoin price may be trying on you young finance hobbyists, but buck up, Bucko!  No reason to get all unglued.  Caring people and powerful modern psychopharmaceuticals are ready to help.

[Another "funny" image]

The price is up by $90 since the beginning of November.

[Shak]

weak hands out? 

[molecular]

Was anybody expecting the drop from 450 to 380?

I certainly thought it was a possiblity:

For Case #1 how far down would you expect the price to drop after a top at 480-500?

this is not an answer and from the wrong guy, but something in between 350 and 390 as a new higher low after 500 higher high would build a nice uptrend channel.

I expected this to take much longer (days), though.

now I'm hoping 350 (or at the very least 320) will hold so we have a nice uptrend everyone can rely on.

[inca]

bear trap closed?

[iram3130]

This is so much fun, havent traded like this in months. Gonna be a good Xmas this year 

It is really after long time, I also did not saw this kind of trading since long time.

Very volatile and very risky to trade.