Looks like BTC is going into "dump -> weak bounce on decreasing volume -> dump - no bounce at all - dump ..." mode
My guess is sub $200 in a few weeks and then either double bottom or new yearly lows. The latter is a lot more probable if you ask me.
Bid sum on all exchanges is insanely low now. Even more than a few months/weeks back.
Looking bad.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22086. (Read 26609692 times)
April 09, 2015, 05:08:01 AM
April 09, 2015, 05:06:02 AM
Urgh, had a short on LTC/USD on bitfinex but chickened out at a small loss at 1.7 . Kicking myself right now 
Oh well....
I am staying on the sidelines for a while, let's see how all this plays out.
Oh well....
I am staying on the sidelines for a while, let's see how all this plays out.
April 09, 2015, 05:03:04 AM
people are slowly exiting bitcoin as ethereum release approach
Thanks for that. Needed a laugh.
April 09, 2015, 04:58:33 AM
April 09, 2015, 04:30:07 AM
i'm looking forward to $20 coin ... whenever that happens this year ... it's gone from 1200-100 in a flash ... it's not unreasonable to expect it to go from 250-20 in a flash ... of course at that point it may not spring back to a triple digit value ever again ... it might just ... sort of ... end ...
April 09, 2015, 04:18:31 AM
Pure speculation without serious usage = big bull market and big bear market until there'll be some serious usage.
Typical bubble.
Typical bubble.
April 09, 2015, 04:17:56 AM
April 09, 2015, 04:00:52 AM
bitcoin is an endless bear market it won't stop until everyone realize bitcoin is doomed. Bitcoin foundation failure shows it.
April 09, 2015, 03:58:33 AM
April 09, 2015, 03:58:03 AM
April 09, 2015, 03:57:48 AM
i don't think the bear market ever really ends ... not with 3600 coins produced daily that all must be sold by the industrial scale miners + the handful of whales with 100's of thousands of coins that can dominate the markets with 1000+ coin sells in 1 minutes time to intentionally destroy the price ... every day it's a new 5000 coins slammed into the markets in a couple minutes (markets which then , of course , are forced to react in turn , especially the bot traders) ... all the little guy organic buying in the world can't absorb that at this point ... not really ... you just *cannot* go from single digit and 0 volume buying/selling and expect to absorb 5000 coin in 5 minutes without price going down ... i mean just look at it ... flat flat flat flat ... giant red spike giant red spike ... flat flat flat flat ... we get these "price reversals" in short order after the huge dumps , but it's on comparatively 0 volume ... just getting the price worked back up to get dumped on again after the order book fills out adequately ...
April 09, 2015, 03:57:02 AM
When will you all admit that bitcoin will NEVER take off ?
April 09, 2015, 03:56:18 AM
Trading of BIT shares (GBTC) on OTCQX will begin in Two More WeeksTM
I've just received word from one of the shareholders. Continental Stock Transfer & Trust, the company responsible for transferring the shares, needs an additional two weeks to verify share ownership and draft the ownership documents.
April 09, 2015, 03:38:17 AM
April 09, 2015, 03:38:02 AM
Good morning, ladies! 
1d and 3d MACD divergence turned red, while the MACD themselves are negative, this is going to seriously hurt the bulls.
1d and 3d MACD divergence turned red, while the MACD themselves are negative, this is going to seriously hurt the bulls.
Moving averages diverge all the time, which is all MACD really is, calculating the difference between two lines and turning it into momentum.
Seems like a shakeout to me. Volume has been steadily declining as we are nearing the end of the trading range, similar to Dec 2014. The difference then is that we had the Bitstamp hack to bring in sellers to push us lower.
If there's enough volume to get below $235, see you there.
April 09, 2015, 03:31:59 AM
April 09, 2015, 03:29:24 AM
April 09, 2015, 03:28:14 AM
Any news when the last part of the Silk Road coins gets auctioned?
April 09, 2015, 03:21:57 AM
Bitcoin is so overvaluated, 50$ comuing
April 09, 2015, 03:20:59 AM
Jump to: