Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24787.

fonzie

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Merit: 500

Moderator

More bad news for Bitcoin Angry

"Richard Branson’s Virgin Galactic Spaceship in catastrophic explosion and crash: One pilot dead and another critical as experimental plane blows up on test flight over California"

criptix

legendary

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Merit: 1145

Quote from: JayJuanGee on October 31, 2014, 03:57:56 PM

Quote from: InvestorPerson on October 31, 2014, 03:23:04 PM

Quote from: JayJuanGee on October 31, 2014, 03:21:58 PM

It's happening:

Page 9696......

Even upside down is 9696.

that's spooky

must be a sign, better BUYSELL now!

I agreeeeeeeeeee: CUT YOUR LOOOOOSE!!!!!!!

Either BUY, SELL or HODL.

Dont you mean:

LOOSE YOUR CUT

330 and bounce..... pleassseeeee

ChartBuddy

legendary

Activity: 2380

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: InvestorPerson on October 31, 2014, 03:23:04 PM

Quote from: JayJuanGee on October 31, 2014, 03:21:58 PM

It's happening:

Page 9696......

Even upside down is 9696.

that's spooky

must be a sign, better BUYSELL now!

I agreeeeeeeeeee: CUT YOUR LOOOOOSE!!!!!!!

Either BUY, SELL or HODL.

adaseb

legendary

Activity: 3808

Merit: 1723

Yes I already took some profit of my short. I will probably reshort on any rally.

BTC is looking really week. I don't want to go long since it went down all of 2014.

Dotto

legendary

Activity: 981

Merit: 1005

No maps for these territories

Quote from: BitAddict on October 31, 2014, 02:13:25 PM

I just need to look at this chart to understand we are at a really dangerous point. Fiat bid sum is returning to prebubble levels, while bitcoin supply is quite higher. And it is quite scary while we are approaching to an important key level like $275.

Miners and merchants are drying the exchanges, current prices are not sustainable for a long time. Fiat entries needs to be improved, plus a massive pump event to break all the resistances to bring price to ATH where it can rally again. ETF probably will do this work, but there could be delays until it is up, you know how this things works.
Until that, IMO, bitcoin will keep slowly bleeding, with its ups and downs.

In bitcoinland nothing is what it seems, and more of the times it ends at the very opposite of the majority´s expectations.

People are depositing too much faith in the ETF.

If we depend on the Winkilevos to succeed that means that we are fucked.

touhonoob

newbie

Activity: 42

Merit: 0

@PanteraCapital
"There has never been a #bitcoin bull cycle with less than a 3.3x return." http://bit.ly/btcsept
https://i.imgur.com/azn3Qkf.png

redsn0w

legendary

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#Free market

Quote from: janos666 on October 31, 2014, 03:38:44 PM

Quote from: S3052 on October 31, 2014, 03:32:43 PM

Quote from: adamstgBit on October 31, 2014, 03:31:57 PM

339 . Damn its going down again

;-)

You should update your forum "avatar" to better reflect the actual market trend. Wink

He cannot update his avatar , this is the real problem Grin

.

janos666

hero member

Activity: 588

Merit: 500

Quote from: S3052 on October 31, 2014, 03:32:43 PM

Quote from: adamstgBit on October 31, 2014, 03:31:57 PM

339 . Damn its going down again

;-)

You should update your forum "avatar" to better reflect the actual market trend. Wink

spooderman

legendary

Activity: 1680

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a bitcoin bank?

wow! what won't they think of next?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Quote from: JayJuanGee on October 31, 2014, 02:42:58 PM

My plan is HODL and continue to buy, buy, buy.... and I hope this 1-2 years of continued bear-market scenario does NOT happen. I will stop buying and maybe even sell if something significant changes with the fundamentals - on the contrary, it seems to me that BTC fundamentals remain pretty strong.

IMO only 2 things are going to stop this bear - an ETF in the US (COIN or 2nd trust) or within 6 months of halving. I also still question if the ETF will really have rocket power as these coins are not newly minted being bought but just coins Winklvii are selling so if they decide to keep the fiat and not buy anymore more coins is there really going to be a net gain?

I believe it is inaccurate to characterize the COIN ETF as a Winklvii selling of BTC, even though the creation of such an entity creates greater BTC liquidation opportunities and specifically greater BTC liquidation opportunities for those two brothers..

Nonetheless, from my understanding the Winklevii currently have a little more than 100K coins, and also from my understanding the ETF has to acquire more coins in order to be economically viable... so in essence, the Winklevii plan to, at least, double the quantity of their BTC holdings with the ETF.... We will see how the ETF plays out regarding BTC prices and demand pressures on BTC, yet overall I am with you and share some of your skepticism regarding whether any approval of the COIN ETF will cause any significant skyrocketing of BTC prices.

S3052

legendary

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