Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13994.

bones261

legendary

Activity: 1806

Merit: 1828

Quote from: Last of the V8s on May 06, 2018, 04:50:53 AM

Quote from: bones261 on May 06, 2018, 04:45:09 AM

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

Quote from: Last of the V8s on May 06, 2018, 04:44:37 AM

wtf? we need a new low Roll Eyes

Yes, I will be more than willing to make someone a pizza for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

not that is known about.
i meant like wick down to 5800 and shoot back up Wink

I remember a year ago when people would tout 5000 USD, I thought that they were fantasizing. Now 5800 is like a bear's wet dream. Cheesy

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: bones261 on May 06, 2018, 04:45:09 AM

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

Quote from: Last of the V8s on May 06, 2018, 04:44:37 AM

wtf? we need a new low Roll Eyes

Yes, I will be more than willing to make someone a pizza for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

not that is known about.
i meant like wick down to 5800 and shoot back up Wink

bones261

legendary

Activity: 1806

Merit: 1828

I see that the bot that I am tinkering with, which is basically set to BTFD and then scalp if there is a rebound, has been busy for the past few hours buying. Hope that I am not catching a falling knife.

Quote from: Last of the V8s on May 06, 2018, 04:44:37 AM

wtf? we need a new low Roll Eyes

Yes, I will be more than willing to make someone two pizzas for 10000 BTC. Or did people actually make OTC trades in the earlier days for an even lower price?

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

wtf? we need a new low Roll Eyes

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

If anyone ever wants to know why I sound cynical then this is why. God it's going to be so fun to quote all those arrogant posts if new lows come.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: TERA2 on May 06, 2018, 04:12:57 AM

I am explaining the logic of the sellers at 10K. It applies regardless of whatever you think about me or future price movements. Changing the subject to something irrelevant like that to or the participant of a conversation is a sign of ignorance.

I don't think about you.
You changed the subject from mike's notbad explanations, to an illogical, therefore irrelevant beartard theory that there are people left with boatloads of coins who bought at 10K.
Expect more ignorant digs if you spin more obfuscatory theories.

mindrust

legendary

Activity: 3276

Merit: 2442

Quote from: Last of the V8s on May 06, 2018, 04:07:19 AM

Quote from: TERA2 on May 06, 2018, 01:42:08 AM

'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down.

flail around much?
lol this is a bear trap, nothing more

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

The huge buy walls I see on the buy side on 'finex tells me it is whales screwing with things.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

I am explaining the logic of the sellers at 10K. It applies regardless of whatever you think about me or future price movements. Changing the subject to something irrelevant like that to or the participant of a conversation is a sign of ignorance.

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: TERA2 on May 06, 2018, 01:42:08 AM

'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down.

flail around much?
lol this is a bear trap, nothing more

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: RoomBot on May 06, 2018, 03:41:21 AM

Quote from: mike4001 on May 06, 2018, 01:13:22 AM

Quote from: UnDerDoG81 on May 05, 2018, 07:15:43 PM

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Don't blame Wales. Wink

Yeah bhouy, Wales is Offa limits.

RoomBot

legendary

Activity: 2338

Merit: 1130

Quote from: mike4001 on May 06, 2018, 01:13:22 AM

Quote from: UnDerDoG81 on May 05, 2018, 07:15:43 PM

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Don't blame Wales. Wink

RoomBot

legendary

Activity: 2338

Merit: 1130

Quote from: Nivir on May 05, 2018, 11:43:18 PM

Lol at the bitcoin poll price results. It seems like people are wanting a huge pump in a short span of time. But surely these people are also the ones scared first of a major correction which is actually normal when a huge increase is inorganic.

Lots of hopeful WO ATH Contest players.

@mcgoossens keeps us #bullish Grin

Last of the V8s

legendary

Activity: 1652

Merit: 4393

Be a bank

Quote from: jojo69 on May 05, 2018, 09:22:25 PM

every man has his price

[06:44:42] · anyway, bitcoin's natural value is somewhere in between 150% and 300% or so of the M3. so yes, i see bitcoin price exceeding the aggregate cash value of most countries.
[06:45:27] · 2.5 haitis to the btc sorta thing.

wayna

full member

Activity: 375

Merit: 103

This has been the first steady increase of the price and I expected a dip, but now I'm really interested to see whether is just a correction towards a new bull run or prices will go consistently go down.

El duderino_

legendary

Activity: 2758

Merit: 13660

BTC + Crossfit, living life.

Quote from: jojo69 on May 05, 2018, 09:22:25 PM

every man has his price

Don’t tell me that you allready have a price on BTC ....?

mike4001

sr. member

Activity: 443

Merit: 260

And we are going down again :-/

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

Quote from: mike4001 on May 06, 2018, 01:13:22 AM

Quote from: UnDerDoG81 on May 05, 2018, 07:15:43 PM

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

'Sell into green' is a popular trader slogan in the rest of the world. These people aren't viewing this as a real bull run. They are viewing it as another dead glade bounce, perhaps the last one before the descent to new lows, and the last chance to sell. Perhaps they bought around 10K and swore they would sell around here. They will settle for 10K to sell their boatloads of coins and would rather not try to wait for the final top. The turn around from the top is likely to be violent and they may miss it, after which there may not be enough liquidity to sell large amounts of coins on the way down.

ivomm

legendary

Activity: 1891

Merit: 3096

All good things to those who wait

I knew Ver would pump bcash so far. During the last failed attempts he lost 1/2 of his wealth. Let's hope he will lose the other half soon. Anyone buying this shit at these prices must be crazy. In a week or two bcash will lose 80%. And especially if the rumors are true that MtGox trustee made a deal with kraken to sell only bcash to repay creditors during the bankruptcy proceedings.

mike4001

sr. member

Activity: 443

Merit: 260

Quote from: UnDerDoG81 on May 05, 2018, 07:15:43 PM

I never understood why there is resistance? I dont get it, can somebody explain? 10k will break. Why are people building walls to hold it sub 10k as long as possible?

I never understood this too why people are selling during a bull run.

But the thing is

1) There are people who set a goal. "I bought at XX and will sell everything when it reaches 10.000"
2) Their are traders who sell and hope to crash the price by a few % and then buy back so they ultimately have more BTC
3) Wales make up sell walls (the 200 / 300 / 400 BTC walls you see) to keep the price below a certain level so they can buy all their BTC below a certain price. Once they are done they mostly lift their sell wall.

There are probably more reasons :-)

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 13994. (Read 26732038 times)