Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23144.

aztecminer

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Activity: 1092

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Quote from: DaRude on January 28, 2015, 05:52:31 PM

Quote from: itod on January 28, 2015, 05:37:09 PM

Quote from: DaRude on January 28, 2015, 05:26:38 PM

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

this is huobi doing the 'chinese panic' dumping bitcoins so they don't end up being the bagholders .

damiano

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Activity: 1246

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103 days, 21 hours and 10 minutes.

Quote from: drbrock on January 28, 2015, 06:32:37 PM

Are bulls buying again? BFXdata thats total including all exchanges right?

It's just bitfinex

galdur

hero member

Activity: 616

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I guess it goes without saying. If you have been believing that BTC is heading to zero then you obviously have been loading up on safe things like stocks and bonds - which are now staggering bubbles about to burst with awful consequences. The only question I´m interested in is how will this affect BTC action.

Sitarow

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Quote from: LFC_Bitcoin on January 28, 2015, 06:35:40 PM

Quote from: Spaceman_Spiff on January 28, 2015, 06:34:22 PM

Quote from: LFC_Bitcoin on January 28, 2015, 06:27:40 PM

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

I'm happy with my stash.

I don't want it to drop low because there wouldn't be any guarantee it'd rise again.

Most feel that way.

Only those who have nothing to loose push it lower.

Quote from: YourMother on January 28, 2015, 06:41:42 PM

People from BTC-e are making loads of money with the idiots from Stamp.

$15-$20 per Bitcoin.

There is a limit on the number of BTC you can withdraw a day on btc-e

hdbuck

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Activity: 1260

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Quote from: galdur on January 28, 2015, 06:39:23 PM

I guess you bears are long stocks so maybe it´s not a very interesting subject.

Short BTC, long stocks what could go wrong.

Investment Guide For The American Dystopia: Go Long the 1%, Short The Middle Class Grin

http://www.zerohedge.com/news/2015-01-12/investment-guide-american-dystopia-go-long-1-short-middle-class

YourMother

legendary

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People from BTC-e are making loads of money with the idiots from Stamp.

$15-$20 per Bitcoin.

galdur

hero member

Activity: 616

Merit: 500

I guess you bears are long stocks so maybe it´s not a very interesting subject.

Short BTC, long stocks what could go wrong.

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: Spaceman_Spiff on January 28, 2015, 06:34:22 PM

Quote from: LFC_Bitcoin on January 28, 2015, 06:27:40 PM

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

I'm happy with my stash.

I don't want it to drop low because there wouldn't be any guarantee it'd rise again.

galdur

hero member

Activity: 616

Merit: 500

So, how will the coming intermediate to long-term grind down of the stock market affect BTC price ?

Long-term like in until middle of next year or so. The crash of 2008 took about 18 months to fully develop.

Spaceman_Spiff

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₪``Campaign Manager´´₪

Quote from: LFC_Bitcoin on January 28, 2015, 06:27:40 PM

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

You don't want cheap coins?

drbrock

member

Activity: 63

Merit: 10

New to BTC not new to the Empire of Chaos

Are bulls buying again? BFXdata thats total including all exchanges right?

LFC_Bitcoin

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#1 VIP Crypto Casino

Quote from: DefendKebab on January 28, 2015, 06:21:19 PM

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

Let's not

itod

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Activity: 1974

Merit: 1077

Honey badger just does not care

Quote from: DaRude on January 28, 2015, 06:10:36 PM

Quote from: itod on January 28, 2015, 06:01:34 PM

Quote from: DaRude on January 28, 2015, 05:52:31 PM

Quote from: itod on January 28, 2015, 05:37:09 PM

Quote from: DaRude on January 28, 2015, 05:26:38 PM

But the amount of BTC someone is dumping is amazing

What's amazing about it? Sell high, buy low, classic bear strategy. Rarely fails since November 2013.

I don't see the avalanche effect needed to rebuy at the bottom. It springs back up right when someone stops dumping 1000s of BTC. It's just someone cashing out thousands of BTC that's all. If this was a manipulation attempt (not sure if it's over) it has failed

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

To increase your BTC stack you need to sell high buy low. There was like 2500BTC sold roughly from 230 to 226 (sell high?). But there was no volume or opportunity to rebuy lower or even at same rate. That person either just cashed out or sold low and now rebuying higher. Which i doubt

They are buying now, not selling, that's what is confusing you. Let me try to explain through example of yesterdays and today's traders action: Massively dumping @ 300 yesterday bringing the price down, buying back at $265 yesterday. Again dumping @ $250 today, obviously buying back as we speak. As long as they can dump enough to start the price movement, there are weak hands continuing the trend until there's no force in the dump action, they start to buy back. The cycle is repeated at the next sign of market weakness. Everybody happy, weak hands liberated from the burden of holding BTC. Eventually the market will drive the price to expected high US$ dollar value when usefulness of the coin builds up in the years to come.

inca

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Activity: 1176

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Quote from: ParabellumLite on January 28, 2015, 06:07:30 PM

Quote from: inca on January 28, 2015, 06:04:20 PM

Quote from: ParabellumLite on January 28, 2015, 06:00:50 PM

Quote from: inca on January 28, 2015, 05:59:33 PM

It wasn't selling for best price (slow dribble). It was selling to move the price (rapid dumps).

No worries, I bought coins at 180 during the last dip. Bulls are buying at these levels - check the volume.

Gonna bookmark this one again for comic relief, as I did with some of your earlier comments. I wonder whether you will sell at 180 when we reach that point. I wonder.

You seem to think you know the future. Cute.

Don't be such a hypocrite Inca: so do you. You only predict one direction for Bitcoin: up, to the moon that is. I haven't seen you even suggest the opposite, so please get off your high horse. You're just a permabull that spams these boards with your own propaganda. A type of lambchop, but then without any sense of humor.

I put it off but there you toddle off into my growing ignore bin.

DefendKebab

sr. member

Activity: 439

Merit: 250

Hassan Al-Kebab

Quote from: luckygenough56 on January 28, 2015, 06:16:26 PM

YES PRICE DOES NOT MATTER

Ok, lets crash to sub 25 dollar.

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: solex on January 28, 2015, 06:13:45 PM

Quote from: itod on January 28, 2015, 06:01:34 PM

You don't get it, there's no cashing out and no "manipulation", just bears increasing their BTC stack. If (when) price goes up in thousands (or 10's of thousands) of US$ the only thing that matters is how much BTC you have at that moment. If the price went <$100 in the meantime, or if that moment will be in 2015 or 2020 is completely irrelevant.

Exactly! I also focus only on how many btc I am accruing. The amount of $$ is irrelevant.

octaft

sr. member

Activity: 476

Merit: 250

We have been in a >yearlong freefall and people are STILL using "when" and "10k coins" in the same sentence. That leads me to believe we have probably not seen a bottom.

luckygenough56

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YES PRICE DOES NOT MATTER

kodtycoon

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Quote from: coinableS on January 28, 2015, 06:10:56 PM

Quote from: ?? on ??

anywhere to look at live action on the new coinbase exchange?

http://bitcoinity.org/markets/coinbase/USD

thanks.

what do you guys make of the volume there? has it been improving? im guessing if many new people signed up at the start of the week we should see a heavy increase in volume there by monday and continuing to rise right? assuming its attracted more people?

YourMother

legendary

Activity: 1281

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Chinese men woke up thinking that they hit the lottery with $230 Bitcoin. Oh, dear lord, you goofy chinks! You forgot that the coinbase pump started at $190+, huh ?

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