Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25380. (Read 26610530 times)
October 04, 2014, 09:55:12 AM
Hey dudes just do you know I'm at a Party and the chicks are really hot and I jus gotta say the chicks are really got and it's nice not to be thinking of bitcoin cheesr
October 04, 2014, 09:54:58 AM
All in. Have faith in the 340 double bottom forming since April.
no reason to have faith in it. it happened in April. now we are in October. if the market will go down further it will go down.
340 follows relevant vwap aswell though. And psychology is strong in this one.
October 04, 2014, 09:54:48 AM
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
It is fairly obvious supply/demand economics; the idea that there is some shadowy individual/group systematically dumping thousands of coins (simply to annoy Shroomskit mainly) is pretty fanciful.
If these 'dumpers' wanted to kill BTC, had this many 10 of thousands of coins and didn't care about funds they would have crashed the market, dramatically and brutally. If they wanted to cash out and did care about funds they would have let the market recover organically and sold more slowly.
Why is it so strange that there is a lack of confidence at present so people are selling -- I suspect many of the people who talk their book here are actually selling, even though they claim to be dyed in the wool cultists. Over on ToF, they all talk about buying in lower and lower. So, in some respect Shroomskit is right, the 'buy back' strategy is bad for BTC because greed means supporters are willing to sell and let the price slide.
All of this becomes a negative feedback loop.
October 04, 2014, 09:54:41 AM
All in. Have faith in the 340 double bottom forming since April.
no reason to have faith in it. it happened in April. now we are in October. if the market will go down further it will go down.
Exactly. All these points mean very little in a market like we are experiencing currently. Dumpers aren't just gonna stop suddenly because of whatever happened in april.
October 04, 2014, 09:54:07 AM
Well, I guess the price is still just too high. Being in slow freefall certainly doesn't help but perhaps the psychological impact of the high price (yes, I know about divisibility) is just keeping people away. Perhaps a trip back to 1xx is what's needed.
Falling prices may not be great for Bitcoin but it may be an essential part of its growth at this stage. I've always said that the early adopters are going to have to part with some of their stash ant that's probably better for Bitcoin at lower rather than higher prices.
Still bullish long term but time to put the bitcoins away in cold storage, quit worrying about the price and try and improve the bitcoin ecosystem.
Falling prices may not be great for Bitcoin but it may be an essential part of its growth at this stage. I've always said that the early adopters are going to have to part with some of their stash ant that's probably better for Bitcoin at lower rather than higher prices.
Still bullish long term but time to put the bitcoins away in cold storage, quit worrying about the price and try and improve the bitcoin ecosystem.
October 04, 2014, 09:53:23 AM
I've been following this sub forum without registering 2 years and I finally had to register just to say that if not trolling, this "ShroomsKit" kid is freaking unbelievably retarded.
Over and out.
Over and out.
October 04, 2014, 09:52:57 AM
looks like some poeple are buying into a market that falls daily, and they are buying pretty darn hard...
October 04, 2014, 09:51:26 AM
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
No manipulator can control the prices over such long peridos without incurring losses. If you think that, then you basically ascribe him a deity status.
You guys are just looking for someone to blame. But it is nothing special.
Central banks can incur losses..
October 04, 2014, 09:48:44 AM
All in. Have faith in the 340 double bottom forming since April.
no reason to have faith in it. it happened in April. now we are in October. if the market will go down further it will go down.
October 04, 2014, 09:48:39 AM
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
No manipulator can control the prices over such long peridos without incurring losses. If you think that, then you basically ascribe him a deity status.
You guys are just looking for someone to blame. But it is nothing special.
October 04, 2014, 09:48:32 AM
You guys do realize the price can't keep dropping forever right? ... 
BTC is oversold right now.
BTC is oversold right now.
Hey you didn't read the script. The price has always been falling. It will always be falling. The price will fall forever, remember? You do remember don't you? DONT YOU!?
its a bear bubble!
October 04, 2014, 09:47:33 AM
You guys do realize the price can't keep dropping forever right? ...
BTC is oversold right now.
BTC is oversold right now.
Hey you didn't read the script. The price has always been falling. It will always be falling. The price will fall forever, remember? You do remember don't you? DONT YOU!?
October 04, 2014, 09:45:56 AM
All in. Have faith in the 340 double bottom forming since April.
Good luck. You will need it.
October 04, 2014, 09:45:28 AM
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
Because manipulation doesn't exist in this market. In his fantasy world.
October 04, 2014, 09:44:13 AM
So cheap coins are now or should I wait for even cheaper prices?
Why would these dumpers stop here? They will go on till Bitcoin is completely worthless.
PS: The multi month downtrend isn't manipulated/manufactured, it's because there isn't enough buying to counteract the supply.
How do you know Blitz?
October 04, 2014, 09:43:58 AM
All in. Have faith in the 340 double bottom forming since April.
October 04, 2014, 09:43:38 AM
china retesting 2100 yuan
If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.
Why would this big dumper/dumpers stop now? Because he is afraid to break a trendline? I have a feeling he doesn't give a shit.
And there clearly aren't enough buyers for the coins that get dumped.
I see no reason why the downtrend will stop there.
October 04, 2014, 09:43:32 AM
You guys do realize the price can't keep dropping forever right? ...
BTC is oversold right now.
BTC is oversold right now.
October 04, 2014, 09:42:56 AM
Silk Road, one year on: http://www.coindesk.com/silk-road-one-year/
It reminds how fast the price rose from 1$ in March to 32$ in June 2011 when there was a "killer app" for bitcoin.
It reminds how fast the price rose from 1$ in March to 32$ in June 2011 when there was a "killer app" for bitcoin.
October 04, 2014, 09:40:40 AM
china retesting 2100 yuan
If that battle looks like a bloodbath to you wait to see the resistance at 2000. These round numbers are important psychologically. if China breaks 2000 yuan line we can easily be going into $200 territory (which btw I don't believe will happen). So i'm boldly predicting $325 ($305 BTC-E) as a temporary bottom for at least a few days/weeks.
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