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

[bad trader]

Not sure what triggered this line touching. Low volume?

testing bull support 


im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

[wachtwoord]

Not sure what triggered this line touching. Low volume?

testing bull support 


im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.

[noobtrader]

Not sure what triggered this line touching. Low volume?

testing bull support  


im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.

arrrrhhh i shorted 1  


let see what happen, i will left bid and hope for the best...

note @ self :  never sold at support, sold at resistance is good

[bad trader]

Not sure what triggered this line touching. Low volume?

testing bull support 


im dont know what to do, should i short few btc or stay...

I have no idea. It's a good thing (for me) that I'm just waiting for this to crash for whatever reason.

Never, EVER, short Bitcoin.

Yeah, it usually ends up badly for me. Recently because I stupidly panic buy at a loss. Not going to do that this time. (Not yet anyway. No, I'll wait for the top like always.)

Limited supply of something which could potentially be huge implies a risk that does not outweigh the possible gains of shorting.

But in a bear market, wouldn't the loss of potential gains of something in a limited supply outweight the risk of not shorting? Wait.. what?! %-)

[NotLambchop]

In modern times, BTC instead of gold should do it. Funny that J.P. Morgan stated that back then...

A misquote of "Money is gold, and nothing else," an evasive answer by JP Morgan during the Pujo Committee investigation, an investigation which concluded that

"...at least eighteen different major financial corporations were under the control of a cartel led by J.P Morgan, George F Baker and James Stillman. These three men, through the resources of seven banks and trust companies (Banker’s Trust Co., Guaranty Trust Co., Astor Trust Co., National Bank of Commerce, Liberty National Bank, Chase National Bank, Farmer’s Loan and Trust Co.) controlled an estimated $2.1 billion. The report revealed that a handful of men held manipulative control of the New York Stock Exchange and attempted to evade interstate trade laws."

Nice one

[alex0909]

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

[ChartBuddy]

Explanation

[ShroomsKit]

Nice. Up 3.3%/24 hrs.

It's called a pump. After that comes the dump.

When you're right you're right

Yeah. It was some crazy TA i did there.

[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!

None at the moment. Not sure if i will buy back again.  I invest in other things now.

[ShroomsKit]

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.

Every time there are new buyers traders will dump straight in their face and scare them away.

That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.

[bad trader]

So, if this turns out to be a bullish weekend, does that mean we are going to have a Monday crash again? That makes no sense to me, which makes it more likely, because this market usually does something that makes no sense to me.

(Well, to be honest I totally predicted the crash last Monday and bought some coins right before it, because I changed my mind.)

Oh well.. I will hopefully figure it out eventually. What I need most is more patience. I've been thinking for a while that in the current market one could make money simply by selling above 400 or near it and buying below. Yet I lose money, because I get jumpy.

I'm not sure how long the current market lasts, though.

[micalith]

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!

None at the moment. Not sure if i will buy back again.  I invest in other things now.

Now THAT'S how you quote someone on the ignore list!   

[BTC_Hodler]

Trying out coinarch not sure which position to take Bullish, Neutral or Bearish.

-_- Perhaps the rich bitcoin holders are cashing out to buy expensive xmas gifts and price will go down.
Or perhaps some people are going to buy bitcoins as an xmas gift. I dunno what to do help!

[noobtrader]

hate speech

why you hate me so much do i stole yor girlfriend or somthing

[galdur]

[shmadz]

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.

Every time there are new buyers traders will dump straight in their face and scare them away.

That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.

I realize it's futile to argue with artificial intelligence but I feel compelled.

Dumpers, pumpers, buyers, sellers... all traders are part of price discovery.

The lack of consensus on price can only be solved through markets, market participants, and market makers.

We are witnessing a free market price discovery phase.

The true price cannot be known without this process.

Deal with it.

[inca]

We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.

Every time there are new buyers traders will dump straight in their face and scare them away.

That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.

You are nearly there. They will stop dumping when the price moves up despite the dumping. Traders are a zero sum game.

[ShroomsKit]

I have a feeling that support from a company or one move from a state will change the game.
ETF, Changetip mass adoption, Paypal , i have no clue what will ignite the next growth stage...

In 2014 the network strengthened itself a lot, the number of bitcoin startups is climbing every day, if this is not a growing technology what is. But it takes time, and this year did not break bitcoin as a medium of exchange and payment system. But it was a bad year as a speculative investment if you just bought in.

So yeah, i'm pretty confused about the trend right now, but bottom might have been found. What else can you expect after a year of gradual decline? A new high in a matter of weeks? I would prefer a stable period of growth. More and more people get the bitcoin bug each day.

We had several upwards trends but they were quickly killed by the traders who were desperate to take 50 bucks profit.
This will happen for many more times to come. Possibly till there simply are no buyers anymore.

Every time there are new buyers traders will dump straight in their face and scare them away.

That's how you stop adoption. Traders are Bitcoin's cancer. Slowly killing it.

I realize it's futile to argue with artificial intelligence but I feel compelled.

Dumpers, pumpers, buyers, sellers... all traders are part of price discovery.

The lack of consensus on price can only be solved through markets, market participants, and market makers.

We are witnessing a free market price discovery phase.

The true price cannot be known without this process.

Deal with it.

Bitcoin wasn't made for trading. It was made to be used as a currency. People buying coins to use them.
The price discovery through traders is bullshit.

[Eastbay]

I think we're going to continue to drop, we did go -10% in one day so there was bound to be a small upward correction, but it looks like its loosing steam and should start dropping again IMO

I closed my small long position from last night and will start building a SHORT now


 BEST OF LUCK TO ALL x20 TRADERS, shit gets crazy in a hurry when your dealing with 100's of BTC trades LOL

[ChartBuddy]

Explanation