Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25409.

JorgeStolfi

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Quote from: seleme on October 03, 2014, 12:24:22 PM

Quote from: Tzupy on October 03, 2014, 12:13:34 PM

Quote from: adamstgBit on October 03, 2014, 11:57:41 AM

Quote from: ShroomsKit on October 03, 2014, 11:57:10 AM

Man...these dumps! Where do these coins keep coming from!

2011-2012?

Possible, if they were bought below 20$ the sellers are still making a nice profit.
But they had so much time to sell at 1,000$, then at 800$, 600$, 500$...

Doesn't look so
https://blockchain.info/charts/bitcoin-days-destroyed

Change that plot to log scale. You will see that the number of bitcoin-days destroyed per day varies roughly between 2 million and 15 million. (On my screen, that range of 13 million BTC spans about 5 millimeters on the vertical scale.)

Indeed, since the total transaction output volume is around 500'000 BTC per day, it follows that bitcoins that are being moved today were last moved 4 to 30 days ago, *on the average*.

However, if someone moves to an exchange a pack of 1'000 BTC that he acquired 1000 days ago (in early 2012), that would be only 1 million bitcoin-days destroyed. It would be practically invisible on that plot. And everybody knows that a 20'000 BTC hoard must be sold gradually --- and that one should never deposit into an exchange more than what is needed for immediate trading...

The point is that the "bitcoin-days destroyed" plot will not tell us whether old-timers are dumping or not.

ImI

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Quote from: njcarlos on October 03, 2014, 01:14:01 PM

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

tbh same here

low 100s possible imo

its a shame but apart from the etf i cant imagine any impulse which could turn this ship around. pretty bearish view i know. maybe its a good sign that bulls like me get bearish idunno.

njcarlos

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Quote from: adamstgBit on October 03, 2014, 01:15:31 PM

Quote from: njcarlos on October 03, 2014, 01:14:01 PM

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

paranoia is driving prices...

we are doomed!

I'm fighting off the urge to cut my losses and accumulate a bit more later on. I think if we breach $360 I'll be doing that... it's hard not to. I lose money everytime I try to time downturns but this feels a bit different for some reason. Might still just hold and accumulate w/ fresh fiat if we go much lower. This paranoia isn't helping Sad

Quote from: AirFlame on October 03, 2014, 01:16:22 PM

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

I believe that as well. It's the only reason I'm holding and buying on each dip at certain price points.

AirFlame

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Quote from: njcarlos on October 03, 2014, 01:14:01 PM

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

No paranoia my friend i am nervous too. But i think bitcoin will survive as technology

adamstgBit

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Quote from: njcarlos on October 03, 2014, 01:14:01 PM

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

paranoia is driving prices...

we are doomed!

njcarlos

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Activity: 280

Merit: 250

I'm actually, legitimately, nervous. If we significantly breach $350 or $300, there's no telling how low we can go before the mass selling ends. Perhaps it's just a momentary paranoia speaking.

adamstgBit

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Quote from: podyx on October 03, 2014, 01:09:25 PM

shits taking heat

imo, it feels like something is just terribly off, anyone else got this feeling?

yes EVERYONE.

yokosan

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Quote from: podyx on October 03, 2014, 01:09:25 PM

shits taking heat

imo, it feels like something is just terribly off, anyone else got this feeling?

Yes. Bitcoin is seriously undervalued right now Wink

podyx

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shits taking heat

imo, it feels like something is just terribly off, anyone else got this feeling?

I can't help but think if bitcoin is going anywhere, we should have a huge fucking bull market pretty fucking soon and I just don't see how we can have that from $300

Let's say it would go to $10k and that's still more then a 30k% ROI (From $300). Shit just doesn't make sense..

njcarlos

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~2500 BTC to $350... Coiling up for some violent dump I feel like, kinda scary.

fonzie

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LTC @ OKcoin is still unimpressed.

inca

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Quote from: mmitech on October 03, 2014, 12:54:04 PM

Quote from: ?? on ??

Quote from: sidhujag on October 03, 2014, 12:30:11 PM

Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.

I think you silenced the bears, their cries of "bitcoin hurts baby Jesus" seem to have died out.

bears unlike bulls don't talk too much, but dump very much.

You obviously don't stray too far from this thread. The forum is infested with trolls.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

fonzie

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What a bull would say:

If it turns out to be a bear trap(100%) it will probably get closed by the one big manipulator before the weekend starts, to lower the chances of fresh FIAT coming in so that he alone can buy back all the (cheap) coins and pumps the price fast and also sustain the rise afterwards so that everyone has to buy back higher. He will remove his asks and due to the subsequent coin shortage the moon will suddenly shine again.

What a bear would say:

Doooh. Look at the charts man.

mmitech

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things you own end up owning you

Quote from: ?? on ??

Quote from: sidhujag on October 03, 2014, 12:30:11 PM

Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.

I think you silenced the bears, their cries of "bitcoin hurts baby Jesus" seem to have died out.

bears unlike bulls don't talk too much, but dump very much.

Torque

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No one fkn knows. It's getting comical.

We just had a spike to 450 just a week ago for gods sake. That's a 10% rise, then a 20% drop from there, all within one week.

And in a market with no buying pressure, you can just accumulate and dump to your heart's content. No one will buy them back, just bots.

sidhujag

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Quote from: ?? on ??

Quote from: sidhujag on October 03, 2014, 12:30:11 PM

Quote from: derpinheimer on October 03, 2014, 12:28:46 PM

Quote from: sidhujag on October 03, 2014, 12:26:13 PM

Quote from: derpinheimer on October 03, 2014, 12:24:32 PM

Quote from: InvestorPerson on October 03, 2014, 12:21:13 PM

Quote from: derpinheimer on October 03, 2014, 12:18:55 PM

They've already displayed their move. Big walls on bitfenix and huobi in the $300 to $400 range piled up as we dropped. So far they aren't totally out of ammo, But the walls are beginning to fail.

Panic will likely happen at $300, whenever it comes, but it will be relatively unresisted compared to now.

what makes you think that they are out of ammo? possible "they" ain't showing everything "theeeey" got. no need to show your full force when a fraction of it is enough to cause a desired movement

I edited that post to clarify a bit. Basically, the megawall on $300 was being upkept for awhile, But not anymore. Bulls are exhausted

I would say opposite.. bears are exhausted and bulls are just getting warmed up... still waiting for LTC dump to happen so btc can finally bottom.

It's possible. Buying pressure through market orders is way up this week. Something has to give.

Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.

I think you silenced the bears, their cries of "bitcoin hurts baby Jesus" seem to have died out.

Just saying what I see... We will never get timing right.. direction we all are good at "seeing" you can look at the charts and fundamentals and everyone can draw the same conclusion... hard part is trying to predict when it will happen for potential purposes... time is always of the essence... you gain some when you get it right, and lose some some when you have to wait.

adamstgBit

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someone market buy with 1 million please

k thanks.

sidhujag

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Quote from: derpinheimer on October 03, 2014, 12:28:46 PM

Quote from: sidhujag on October 03, 2014, 12:26:13 PM

Quote from: derpinheimer on October 03, 2014, 12:24:32 PM

Quote from: InvestorPerson on October 03, 2014, 12:21:13 PM

Quote from: derpinheimer on October 03, 2014, 12:18:55 PM

They've already displayed their move. Big walls on bitfenix and huobi in the $300 to $400 range piled up as we dropped. So far they aren't totally out of ammo, But the walls are beginning to fail.

Panic will likely happen at $300, whenever it comes, but it will be relatively unresisted compared to now.

what makes you think that they are out of ammo? possible "they" ain't showing everything "theeeey" got. no need to show your full force when a fraction of it is enough to cause a desired movement

I edited that post to clarify a bit. Basically, the megawall on $300 was being upkept for awhile, But not anymore. Bulls are exhausted

I would say opposite.. bears are exhausted and bulls are just getting warmed up... still waiting for LTC dump to happen so btc can finally bottom.

It's possible. Buying pressure through market orders is way up this week. Something has to give.

Interest is rising... volume is saying we are close to 2012 situation... sicne last year price action according to my own analysis has been pretty much bang on... so now we should either bottom out or rise from here to come back once more... if we go lower we bottom now.

derpinheimer

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Quote from: sidhujag on October 03, 2014, 12:26:13 PM

Quote from: derpinheimer on October 03, 2014, 12:24:32 PM

Quote from: InvestorPerson on October 03, 2014, 12:21:13 PM

Quote from: derpinheimer on October 03, 2014, 12:18:55 PM

They've already displayed their move. Big walls on bitfenix and huobi in the $300 to $400 range piled up as we dropped. So far they aren't totally out of ammo, But the walls are beginning to fail.

Panic will likely happen at $300, whenever it comes, but it will be relatively unresisted compared to now.

what makes you think that they are out of ammo? possible "they" ain't showing everything "theeeey" got. no need to show your full force when a fraction of it is enough to cause a desired movement

I edited that post to clarify a bit. Basically, the megawall on $300 was being upkept for awhile, But not anymore. Bulls are exhausted

I would say opposite.. bears are exhausted and bulls are just getting warmed up... still waiting for LTC dump to happen so btc can finally bottom.

It's possible. Buying pressure through market orders is way up this week. Something has to give.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25409. (Read 26609613 times)