Btc-e: Lowest ask Price 263.088 USD || Highest Bid Price 261.821 USD
Interesting 2$ space.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21474. (Read 26732061 times)
July 07, 2015, 03:50:58 AM
July 07, 2015, 03:30:27 AM
And in the mean time idiot dumpers keeps dumping.
Hello idiot dumpers buying back above.
Can you believe there are still people dumping?
precipitous dump
There will be ongoing "fuck you market" dumps from now until the end of time, roughly on the hour every hour, between 100 and 5000 coins (they're clever though, and split their dumps into multiple quick succession orders so as to make it not quite so obvious to anyone new to the market) and resulting in $1-10 in 1-5 minute losses in global bitcoin price.
It's not early adopters who "need fiat money" in a "hurry". They already have more fiat than they know what to do with and don't dump in a non-stop systematic fashion (they'd long ago have been out of coins) nevermind that they'd be able to get more fiat money if they sold 500 coins over the course of 2 hours than in 2 minutes. And it's not the big industrial miners, most of them have private off market contract buyers. Clearly it's the
*oh lookie one just happened as I was typing, about an hour after the last one, and an hour after the previous one, and ...
I'll not guess as to what happens with halving, but I sure hope you're right and yeah definitely agree with you. And it's suuuuper obvious. They aren't even bothering to attempt to disguise the price suppression and haven't for a while. Aside from the consistent practically predictable dumps, I can't be the only one who notices the dozens of identical orders clogging the sell side (14,14, 7, 7, 14,14, 7, 14 lately) which occasionally flip to the buy side to suck up coins once sell momentum has been achieved. Will they be happy if/when they extract 10 million $ out of the market via shorting and drive the price back to $1 a coin, to then have the ability to own half of the entire market? Will they ever have enough coin to cease this activity?
July 07, 2015, 03:27:43 AM
Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
I've been around long enough to recognise the patterns.
There is NO real pattern, here.
BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures. This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously.
The pattern is the magic number $266.
We might be stuck here for a while if nothing pushes it up quickly.
July 07, 2015, 03:11:38 AM
Starting to rebuild long position here and if we dip lower. Gambling is fun! 
July 07, 2015, 03:01:40 AM
July 07, 2015, 02:57:49 AM
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 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!
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.
I feel honoured that something I said was his signature. He was pissed as fuck when we were in the 300s. Good thing he ain't around now!
July 07, 2015, 02:46:23 AM
And in the mean time idiot dumpers keeps dumping.
Hello idiot dumpers buying back above.
Can you believe there are still people dumping?
precipitous dump
There will be ongoing "fuck you market" dumps from now until the end of time, roughly on the hour every hour, between 100 and 5000 coins (they're clever though, and split their dumps into multiple quick succession orders so as to make it not quite so obvious to anyone new to the market) and resulting in $1-10 in 1-5 minute losses in global bitcoin price.
It's not early adopters who "need fiat money" in a "hurry". They already have more fiat than they know what to do with and don't dump in a non-stop systematic fashion (they'd long ago have been out of coins) nevermind that they'd be able to get more fiat money if they sold 500 coins over the course of 2 hours than in 2 minutes. And it's not the big industrial miners, most of them have private off market contract buyers. Clearly it's the
*oh lookie one just happened as I was typing, about an hour after the last one, and an hour after the previous one, and ...
July 07, 2015, 02:38:39 AM
Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
I've been around long enough to recognise the patterns.
+1
You had spot on forecast lately , gonna follow you on that
July 07, 2015, 02:23:39 AM
This account is not nearly as old as I am. I bought my first bitcoins in 2013 at $500-something.
Legendary Trader(tm)
July 07, 2015, 02:17:14 AM
precipitous dump
Or a low volume dump. Of course you'll get a pullback after a big price rise, every time. There's overarching supply to be worked out of the market because of profit taking. Once it's all absorbed, whoosh back up we go. Look at the volume compared to similar moves to the left and it will give you an idea of how much gasoline is behind it.
BC, your posts are appreciated, sometimes important to readjust sea clutter.
July 07, 2015, 02:09:06 AM
Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
I've been around long enough to recognise the patterns.
There is NO real pattern, here.
BTC price movements are reflective of a variety of factors, including sentiment and up and down pressures. This moment is NOT really a product of any specific pattern because we have NOT been to this moment in history previously.
July 07, 2015, 02:01:41 AM
July 07, 2015, 01:55:56 AM
This account is not nearly as old as I am. I bought my first bitcoins in 2013 at $500-something.
July 07, 2015, 01:46:17 AM
Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
I've been around long enough to recognise the patterns.
A couple of months? You haven't even seen a bull market for Bitcoin
July 07, 2015, 01:41:32 AM
How the fuck do you keep the entire nation of China from buying Bitcoin?
Y'all spreading B.S.?
Y'all spreading B.S.?
July 07, 2015, 01:23:12 AM
Will go down for multiple days imo.
I've been around long enough to recognise the patterns.
I've been around long enough to recognise the patterns.
July 07, 2015, 01:19:29 AM
precipitous dump
with china out the way is easier to smash down .. probably not 284, more likely 250 - 255 tomorrow morning . i'm HODL through the smash again .
What is this about China "out of the way"?
Could someone provide a link?
July 07, 2015, 01:09:41 AM
precipitous dump
Or a low volume dump. Of course you'll get a pullback after a big price rise, every time. There's overarching supply to be worked out of the market because of profit taking. Once it's all absorbed, whoosh back up we go. Look at the volume compared to similar moves to the left and it will give you an idea of how much gasoline is behind it.
You're either really smart or really cool by default.Thank you Chef. I'm not much of a poster here lately, but feel free to pm me anytime if you have questions or want to take a trade. I almost always have a position open.
FYI not sure how much more pulling back the market will do as volume is trailing off and candle spreads narrowing/overlapping as the mini selloff grinds to a halt. Enough people are waiting for $260 that it may not happen.
July 07, 2015, 01:06:57 AM
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
Can someone please explain this to Gavin and the other "Scientists"?
I have a sense that Gavin and some of the other like minded scientist are attempting to discuss bitcoin by use of less disruptive terms in order that BTC seems less threatening to the status quo.
Not the monetary freedom part but they have to realize that every cup of coffee and micro transaction on the planet can't possibly and shouldn't be kept in the blockchain.
What about all other types of transactions and apps to be built on the blockchain? It can be used in many other ways; security and validity of transactions is a function of the network size. It would be better to have a larger consensus. At the other end of the spectrum, we could have a million different blockchains, each so weak that they could be subverted by a planned attack. Eventually there is a sweet spot we will find, but in the mean time scaling to accommodate higher TPS at an early stage helps.
No problem with the other types of transactions. Let the fees determine which make it on to the blockchain. If the fee for a transaction is $10 then you might use it for a 1 satoshi smart contract but not for a $3 cup of coffee.
July 07, 2015, 01:02:29 AM
Bitcoin is not here to compete with visa. It's not here to make banking better, it's not about buying coffee or micro payments or any of that crap. It's not about mass adoption.
It's about monetary freedom.
If three transactions per second is not enough, then there will grow an ecosystem of alt coins to pick up the slack. We will see exchanges grow that allow for easy transfer of value from one coin to the next and through this multi-coin environment, we can scale without limit.
There is no solution for one chain to hold all the transactions. Any proposal that suggests compromising the security, integrity, or distributed nature of bitcoin in order to gain some kind of imaginary "adoption" is an attack and should be treated as such.
Can someone please explain this to Gavin and the other "Scientists"?
I have a sense that Gavin and some of the other like minded scientist are attempting to discuss bitcoin by use of less disruptive terms in order that BTC seems less threatening to the status quo.
Not the monetary freedom part but they have to realize that every cup of coffee and micro transaction on the planet can't possibly and shouldn't be kept in the blockchain.
What about all other types of transactions and apps to be built on the blockchain? It can be used in many other ways; security and validity of transactions is a function of the network size. It would be better to have a larger consensus. At the other end of the spectrum, we could have a million different blockchains, each so weak that they could be subverted by a planned attack. Eventually there is a sweet spot we will find, but in the mean time scaling to accommodate higher TPS at an early stage helps.
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