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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25577. (Read 26610682 times)
September 27, 2014, 02:29:23 PM
September 27, 2014, 02:20:58 PM
A slight bit of technical relief in the past hour, but we have a falling knife on our hands, here. I am saying nothing, here, about Bitcoin's long-term value. I am saying that this market event is going to pick up, again. There was a small reprieve on the news, but, that failed to hold the market up. Also, the buy back volume is complete dog s---. Don't try to catch a falling knife.
Weren't you caught wrong footed by the last move? Predicting short term market movements is a mugs game..
September 27, 2014, 02:20:49 PM
A slight bit of technical relief in the past hour, but we have a falling knife on our hands, here. I am saying nothing, here, about Bitcoin's long-term value. I am saying that this market event is going to pick up, again. There was a small reprieve on the news, but, that failed to hold the market up. Also, the buy back volume is complete dog s---. Don't try to catch a falling knife.
I'm happy to catch as many knives under $400 as I can thanks.
Best of luck to you. I remember people saying the same when it dipped under $600 and especially when it dipped under $500 (so much so that they were mocking everybody else on the board).
Who knows, maybe we are close enough to a bottom that it won't matter... I certainly wouldn't play this on leverage, though. It's pretty clear we'll hit a new lower low.
September 27, 2014, 02:18:48 PM
Another way to look at it is by saying there are really two major driving forces at play confidence, greed pushing the price up and loss of confidence/ fear pushing it down and although the underlying tech is very interesting it's very hard to stamp a value on to define a bottom on the market. And I'd say if you agree about the two driving forces you'd probably also agree we're currently being driven by the latter.
There's unfortunately around $5,324,220,489 (market cap) that wants to come out of a pot that's likely to be around $24,220,489 (guess to sum of combined order books)
Now some fear mongering fudsters could say that the pot is actually then 99.5% short and as bitcoin is 0 sum (no extra money is introduced to the chain outside of market participants) that that 99.5% loss must be realized by those currently in the game.
Of course the loss I'm talking about above is only relative to fiat and as Bitcoin beats the damn heck out of sillly real life money who cares! get more tokens representing an arbitrary figure on the way down!
There's unfortunately around $5,324,220,489 (market cap) that wants to come out of a pot that's likely to be around $24,220,489 (guess to sum of combined order books)
Now some fear mongering fudsters could say that the pot is actually then 99.5% short and as bitcoin is 0 sum (no extra money is introduced to the chain outside of market participants) that that 99.5% loss must be realized by those currently in the game.
Of course the loss I'm talking about above is only relative to fiat and as Bitcoin beats the damn heck out of sillly real life money who cares! get more tokens representing an arbitrary figure on the way down!
September 27, 2014, 02:18:12 PM
A slight bit of technical relief in the past hour, but we have a falling knife on our hands, here. I am saying nothing, here, about Bitcoin's long-term value. I am saying that this market event is going to pick up, again. There was a small reprieve on the news, but, that failed to hold the market up. Also, the buy back volume is complete dog s---. Don't try to catch a falling knife.
I'm happy to catch as many knives under $400 as I can thanks.
September 27, 2014, 02:15:31 PM
A slight bit of technical relief in the past hour, but we have a falling knife on our hands, here. I am saying nothing, here, about Bitcoin's long-term value. I am saying that this market event is going to pick up, again. There was a small reprieve on the news, but, that failed to hold the market up. Also, the buy back volume is complete dog s---. Don't try to catch a falling knife.
September 27, 2014, 02:01:19 PM
September 27, 2014, 01:56:58 PM
September 27, 2014, 01:55:04 PM
September 27, 2014, 01:54:53 PM
are you kidding me ? I have nothing to do with doge, and I never had.
oops!. Sorry about that. Must have been the die hard Bitcoin supporter ShroomsKit
September 27, 2014, 01:49:43 PM
What if those 2.8k at 420 were a real bid from a millionaire who chose that number because he is happy and stoned tonight?
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
Since when we give a fuck about loaded ? I wouldn't be posting smiley faces when holding that amount of coins, his investment is losing value while he is watching, even if he bought @ less than $10...
How did yesterday's Doge pump n' dump go? you were heading over there yesterday with much wow
are you kidding me ? I have nothing to do with doge, and I never had.
September 27, 2014, 01:49:09 PM
Whats the ETA on BIT and COIN regulatory approval?
SOON
they said a few months away a few month ago....
they lie, they are liers,
Regulators. Blood suckers.
September 27, 2014, 01:47:47 PM
What if those 2.8k at 420 were a real bid from a millionaire who chose that number because he is happy and stoned tonight?
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
Since when we give a fuck about loaded ? I wouldn't be posting smiley faces when holding that amount of coins, his investment is losing value while he is watching, even if he bought @ less than $10...
How did yesterday's Doge pump n' dump go? you were heading over there yesterday with much wow
September 27, 2014, 01:44:47 PM
What if those 2.8k at 420 were a real bid from a millionaire who chose that number because he is happy and stoned tonight?
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
EDIT: While I was writing this, Loaded came up and posted a cryptic happy face again. Not implying anything here
Since when we give a fuck about loaded ? I wouldn't be posting smiley faces when holding that amount of coins, his investment is losing value while he is watching, even if he bought @ less than $10...
Edit: I just realized that I accidentally answered an old post.
September 27, 2014, 01:44:42 PM
It seems odd that we are back at $400 again. It probably has more to do with capitulation and how these bubble consolidations work than any other theory, but I still can't help but wonder if there are bigger players at work that are trying to keep the price "stable" or low for whatever reason. If these entities really do value Bitcoin's long term growth I would think that they would want to pump up the price a bit though instead of having those that have purchased coins and invested in BTC thinking, "it is going nowhere" and "We will never see $xxx.xx again." These newbies might just pull out their money and walk away, out of boredom or the belief that Bitcoin isn't doing anything. That belief in itself causes the price to not move.
All that said, are these whales, manipulators, companies, or whoever is keeping the price low, just shooting themselves in the foot by doing this? At some point they really need to let the price increase to improve the value of the coins they have I would think. (Unless they really don't care about the long term value of BTC anyways and are just trying to turn a quick profit. If that is the case they are terribly short sided I believe.)
All that said, are these whales, manipulators, companies, or whoever is keeping the price low, just shooting themselves in the foot by doing this? At some point they really need to let the price increase to improve the value of the coins they have I would think. (Unless they really don't care about the long term value of BTC anyways and are just trying to turn a quick profit. If that is the case they are terribly short sided I believe.)
September 27, 2014, 01:39:36 PM
We are going nowhere but down.
Weekend dump gonna dump
Weekend dump gonna dump
September 27, 2014, 01:36:32 PM
Whats the ETA on BIT and COIN regulatory approval?
SOON
they said a few months away a few month ago....
they lie, they are liers,
September 27, 2014, 01:36:07 PM
Lot of wishful thinking from bears on here today given the price has 'dipped' all of nothing.
Careful with your shorts boys. Is at least one of you going to be honest and admit you were either stopped out last week in the sudden run up or took a margin call?
Careful with your shorts boys. Is at least one of you going to be honest and admit you were either stopped out last week in the sudden run up or took a margin call?
Yeah, incredible bull run is happening, market is rock solid. Even I was on the way to think that some bears are getting equal delusional like bulltards, but you are topping always all of the dudes. Worse than a troll (like me).
Where did i mention a bull run happening? The price is the price. But it is obvious the momentum has left the selling. Ultimately very low prices benefit noone except leveraged shorters.
September 27, 2014, 01:34:39 PM
I will be interesting to see how this situation will play out.
I don't think BTC or the idea of a decentralized currency is a bubble in itself, but its price certainly was (is).
Important questions we need to ask ourselves:
If BTC dies, will all decentralized cryptocurrencies die too?
To be honest if ApplePay starts to become utilized by the masses and BTC and all cryptocurrencies will be forgotten (and with them all the advantages that cryptos have over traditional means of payments), well, then we will know there's no hope for humanity.
I don't think BTC or the idea of a decentralized currency is a bubble in itself, but its price certainly was (is).
Important questions we need to ask ourselves:
If BTC dies, will all decentralized cryptocurrencies die too?
To be honest if ApplePay starts to become utilized by the masses and BTC and all cryptocurrencies will be forgotten (and with them all the advantages that cryptos have over traditional means of payments), well, then we will know there's no hope for humanity.
You are asking big questions about the long term outcome of bitcoin based upon very short term market movements, fluctuations really. Far too early to tell how the project will play out. To quote batman from the lego movie, "this is not how batman dies".
The price will turn up. All real selling pressure has left the market, we are just drifting and range trading. When the price fails to keep making major falls and the market turns like it did on a sixpence last week then leveraged shorts are going to be burned badly. Not that they will ever admit it
September 27, 2014, 01:31:38 PM
Whats the ETA on BIT and COIN regulatory approval?
SOON
they said a few months away a few month ago....
they lie, they are liers,
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