Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17752. (Read 26608380 times)

The drop to 970 was the first I noticed.... Despite feeling deflated, I decided to NOT read this thread as part of me thought we'd drop to the 700s and didn't want to exacerbate my pain with Doooooomsayers!!!. I woke up to see we're still there. I haven't sold any I have no plans to. I'm a bit gutted I didn't buy a holiday with Bitcoin yesterday (which is still a plan... but now the holiday is more expensive).

Bitcoin exists to prevent the very problem that we are experiencing now: Someone else telling you what you can and can't do with your money! In reality this should be driving th price up. Not down!

Wild theory: people getting their money off the Chinese exchanges and joining Bitstamp/Bitfinex/Kraken?
Western exchanges are approaching 1000$ with the Chinese stuck at lower prices.

Exchanges with "more normal" withdraw services are priced hundreds Yuan higher.

It wasn't his point of view that annoyed me, it was his complete and utter lack of interest in acknowledging any other point of view. When someone's that entrenched they should be given their own forum so they can talk to themselves as no one else has anything to offer them.

This morning I thought: "Oh, the price evolution seems fairly stable after the dump. It could be even bullish. And there was no second Chinese dump."

But now I see the micro-uptrends are weaker every time - like outlined in the "Three dead kitten theory". So unfortunately I expect another dump coming in, probably this weekend. 850 is approximately the value where a reversal back to bullish territory could happen, but it could also go as low as 735-780 again.

What is your "strange feeling?"

What level of probabilities do you assign to up or down?


When you say that you are more inclined for down, are you influenced by your short (or your having had sold)  in your opinion?

I try to place my bets in both directions in order that I am neutral about either direction and to just judge the probabilities based on realities of the situation (rather than wishes or rather than positions that I may have taken), and it seems that there is a bit of tension to go up from here.. at least a bit of a upward bounce in the short term, no?

I mean we already experienced a considerable and intense increased volume attempting to push prices down.  Remember there where tens of thousands of coins dumped in a very short period of time in order to attempt to get prices to go down.  There were more than 13k coins dumped on Stamp alone in about 2 hours, and those attempts to dump and to drive prices down have only been so successful.  They have run into buying support and inabilities to get the prices to go lower, no?  , and there is a bit of pressure to go back up.. that is the sense that i am getting at the current time, as I type....

So maybe as I type I would place additional downwards at less likely than upwards.. maybe 45% or less for downwards, and 55% or more for upwards.. at least the short term. the next 1 to 3% of a price move in either direction.. of course further out, we may have a bit of a different dynamic that develops and we have to keep our ear to the situation (and yeah, we don't know if dumpers still have some coins in reserve that they are ready and willing to dump at these levels and based on current dynamics, even though it kind of seems that they may have used up a lot of their coins already, no?)

Well, if it were me my first tweet would be APPROVED in very large and red letters and then I'd start tweeting away the various details, but I'm not a Winklevoss.

China is awake for hours, but where's the tragic dump?