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

[lyth0s]

I leave for a day and this what happens to my bitcoin prices? I'm ashamed of you all

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[derpinheimer]

lel @ all the bulls shouting "NEW BUBBLE, $500 in a few hours" 24hrs ago


this dump was so predictable

[BayAreaCoins]

I think we are headed to $175.

[derpinheimer]

I think we are headed to $175.

Next year yeah

[BayAreaCoins]

I think we are headed to $175.

Next year yeah

Why next year? 

[lyth0s]

I think we are headed to $175.

Doubtful.

[wmr42393]

I think we are headed to $175.

sub $300 days are long gone. You can dream of $175, but that's as close as you'll get.

[JayJuanGee]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

[wmr42393]

Here comes a pump 

[BayAreaCoins]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet. 

[wmr42393]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet. 

where are you getting sub $100 BTC ?

[BayAreaCoins]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet.  

where are you getting sub $100 BTC ?

I'm saying a lot of people still hold sub $100 BTC.  They picked up way back when hoping for $10,000 BTC, but the bills keep rolling in.

Edit:

I hope I'm wrong of course.

Double Edit:

If I wanted to be a troll I'd say Bitcoin is broken. One hour block... wtf! 

[noobtrader]

we are still above 380... still bullish

[lyth0s]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet. 

JJG has good points. Especially a random $175 guess by yourself with current uptrend and good volume seems not only random, but also a bad random guess (if your RNG could have its min influenced by any logic at all).

Going back down to $315-330ish could potentially happen, but I don't imagine it going much lower than that, lots of buyers around that point (as seen with the slaying of the bear whales 30k coins OVERNIGHT).

Yes people may sell some coins for holiday purchases, but that will probably only have a small impact. I've heard of a few people who will actually be using their holiday cash that they receive to finally buy some coins (think 16-25yo population).

As far as giving away christmas coins I really wish there was an easy way to give away cheap hardwallets. I've considered plastic cards with BIP encryption, but buying a card printing machine is going overboard for me.

I think http://cryptocards.co/?post_type=product is a GREAT idea, but $15 for the card THEN to add the bitcoins is a little overpriced for small gifts IMO.

[JayJuanGee]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet. 

I am NOT sure where you get your BTC news, but it seems like you may be missing a lot if you are still suggesting that BTC prices are going down... first, like I already suggested, it is really outrageous to believe and suggest $175 without any significant analysis and reasoning... and what little analysis and reasoning that you provided in this post does NOT even suggest that BTC prices are declining.  BTC prices are NOT dependent merely upon gifting, but instead based on a variety of fundamental factors including networking effects and infrastructure building and perceptions of future value... which future value perceptions also seem to be derived upon increased networking effects, liquidity opportunities, infrastructure building, storage of value.. etc...

In other words, if you are going to argue for any prices lower than $360, it would be best that you provide some analysis and rational and explanation.. and the lower that you argue, the more analysis, rational and explanation you are going to need b/c the current momentum and near future BTC price direction really appears to be up, rather than down.

[lyth0s]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet. 

where are you getting sub $100 BTC ?

He's not. He's just spreading FUD. He will reply with "off exchange miners [insert creative idea here] so that [insert creative reasoning here]"

[BayAreaCoins]

Yes people may sell some coins for holiday purchases, but that will probably only have a small impact. I've heard of a few people who will actually be using their holiday cash that they receive to finally buy some coins (think 16-25yo population).

Be interesting! Might give a good reason to pump after the holidays.

[X7]

So this was me earlier when we broke 450... and then...

[JayJuanGee]

I think we are headed to $175.

Doubtful.

Exactly... Why would BAC pick some very unlikely BTC price point, and then to say that s/he it thinks that such price is going to happen?

Very unlikely given recent event and recent price movement and recent volume.. ..

Even the fact that BTC prices bounced off of $275 with such volume should cause a large number of rational observers to believe that this market has reversed and is very unlikely to return to such price points, absent some pretty bad news....

Accordingly, we have NOT been hearing any real bad news in regard to bitcoin.... much of the news is either good or neutral and with a few negative pieces here and there ... yet any negative news, to the extent it comes up, is largely outweighed by good and neutral news.

In other words, seems like stupid-ass trolling statements to be realistically attempting to assert that we are returning to anywhere below $360 without some kind of meaningful analysis and explanation... .. otherwise making bare assertions of such seems either trollish or fantasy landia-sh.

*shrugs* k man.

I'd say the past week has been pretty bad news, holidays are coming up, lots of BTC exchanged well bellow $100 and I don't think people will be gifting BTC hot n heavy for Christmas yet.  

where are you getting sub $100 BTC ?

I'm saying a lot of people still hold sub $100 BTC.  They picked up way back when hoping for $10,000 BTC, but the bills keep rolling in.

Edit:

I hope I'm wrong of course.

Double Edit:

If I wanted to be a troll I'd say Bitcoin is broken. One hour block... wtf! 

Well maybe we (or at least me) are being a little harsh on you for accusing you of being a troll, and surely, I can understand a little bit better when you suggest that there are a lot of people who are holding onto cheap coins and wanting to cash out,  but still it seems doubtful that this is such a wide spread problem or phenomenon as you seem to be making it out to be.  If they have hung onto their coins up until now, then I doubt that they would be feeling that much trepidation regarding bitcoin to be pressured to sell.


Lets say that someone acquired 200 to 500 coins below $100, so maybe a $20k to $50k total investment.  If they were inclined to cash out, they would have likely already been cashing out at various price points, and would NOT necessarily hold off until now or become desperate, all of a sudden, while the price seems to be going back up... desperation, if it were a factor, probably would have been rearing its ugly head 1-2 months ago.... but now, it seems that the indicators are fairly strong that BTC prices are moving out of that downward price projection... Surely, BTC prices remain at fairly low points, but if there are significant buyers under $100, then they are still holding, I would imagine, rather than selling, and surely they may be forced to sell a percentage of their stash (10-50%), but that does NOT mean that they are going to completely get out of BTC or that they have lost faith in BTC having another exponentially upward price projection.

[wmr42393]