Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25679. (Read 26608292 times)

legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Up!

I have a question for people who bought in October/December last year and sold on this dip: How is this dip any different from the one on 17 December when the exchange rate was ~380$? Why sell now and not back then? What about the $343 dip in April? What's different now?

Your scenario is NOT very clear...

But you are suggesting people who bought at the high in the $1,100 territory selling NOW, but NOT selling on December 17. 

I doubt that there are very many people who meet that narrow category who may have done nothing between then and NOW and just HODLed for 9 months then panicked... sounds a little ridiculous and like you are just trolling or attempting to engage in unnecessary provocative and unproductive drama regarding answers that you could easily figure out yourself with a little bit of attempt at empathizing (by mentally putting yourself in those kinds of shoes).

Yes you got it. I don't think that this scenario is so narrow. Here is another one. Anyone that bought between 22 December and 20 March and hasn't sold on the big April dip, but sold it at any other point after April. There must be some...

Your survey and or question seems like the lead up for some trolling sob story.. but so be it, that is what you supposedly want to know..

 it is the BIG and interesting question that is on your mind regarding how some people have potentially been scared out of the their BTC investment and how they have NO balls or lack of long-term planning and/or strategy.. and if they pulled out now, they are likely going to be regretting their stupid-ass and rash decision later.    Embarrassed Cry
legendary
Activity: 1260
Merit: 1002
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume" bottom. we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.

@stolfi: its always the chinese.


You said it. Wink


I think you may be right tho this time:


How Discus Fish Became China’s Largest Bitcoin Mining Pool

http://www.coindesk.com/chinese-mining-pool-discus-fish-bitcoin/

Lemme guess... AM?! Grin Cheesy

AM franchises maybe...

Even the Wall Street Journal is considering this rumor:

http://blogs.wsj.com/moneybeat/2014/09/19/bitbeat-more-pain-for-bitcoin-prices-are-chinese-miners-to-blame/


Excerpt: "Still, it is the China theory– and it is only a theory — that is most intriguing, in part because it explains a striking anomaly in the bitcoin system: That the summer-long price fall  has coincided with an explosion in bitcoin mining. Over the same three-month period in which the price dropped from above $600 to below $400, there has been a doubling  in the “hashrate,” a measure  of the network-wide computational power with which bitcoin miners compete to solve a mathematical puzzle and win the right to a fresh issuance of 25 new coins at 10-minute intervals. There’s an arms race going on in bitcoin mining. But that begs the question: why would anyone rush to buy mining rigs and pay for ever-greater electricity consumption when both the proportional share and value of the bitcoins you can earn are plummeting?"

Mining company killing the competition.. ^^
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
no one ever believes a word i say  Cool
hero member
Activity: 910
Merit: 1003
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume" bottom. we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.

@stolfi: its always the chinese.


You said it. Wink
legendary
Activity: 1260
Merit: 1002
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume" bottom. we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.

@stolfi: its always the chinese.

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I voted "disagree" on the poll, because i believe there is more HODLING and real economic activity ( BTC is chasing all kinds of goods services, altcoins, bitcoin company stocks ... etc..) then ever b4. the BTC/USD market just dosnt have a big enough float to paint this "high volume bottom". we'd need some truly horrific news to see this happen, blokchina.info bugging just dosnt cut it.
legendary
Activity: 1260
Merit: 1002
My opinion remains the same: at the very least, we revisit $380... More likely, lower.

Still too much selling pressure and not enough buyers. IMO.

trader logic: if it went this high it can go that high again and even higher, or if it goes this low it can go that low again and even lower.

bitcoin is extremely volatile because it is trader heavily on this kind of logic.

so i have to agree with you

380 and maybe even lower, is a strong possibility

i set my bids on stamp between $360 all the way to $260 (prev ATH)
i set my bids on  btc-e  between $260 all the way to $100 (cuz its btc-e) Grin
hero member
Activity: 924
Merit: 1000
Sold @ 5.15 (I trade LTC/USD), bought back in this morning.

We could go either way. We could go lower as it is the weekend. On the other hand, sell volume has dropped off as we are pretty heavily oversold. There is strong support at 400.

Depends on if the big boys buy back in or not. Probably a group of traders with deep pockets--it's pretty obvious what they're up to when I see 1000btc market sells. They've made me a lot of coin but, not gonna lie, their tactics won't work forever.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
My opinion remains the same: at the very least, we revisit $380... More likely, lower.

Still too much selling pressure and not enough buyers. IMO.

trader logic: if it went this high it can go that high again and even higher, or if it goes this low it can go that low again and even lower.

bitcoin is extremely volatile because it is trader heavily on this kind of logic.

so i have to agree with you

380 and maybe even lower, is a strong possibility
legendary
Activity: 1281
Merit: 1000
☑ ♟ ☐ ♚
My opinion remains the same: at the very least, we revisit $380... More likely, lower.

Still too much selling pressure and not enough buyers. IMO.

I don't see it. Maybe I'm TA-blind.
legendary
Activity: 896
Merit: 1000
My opinion remains the same: at the very least, we revisit $380... More likely, lower.

Still too much selling pressure and not enough buyers. IMO.
newbie
Activity: 25
Merit: 0
At least the price went up a bit today, nice opportunity to make some profit while finding the bottom Tongue
Has anyone calculated the mass of coins that were dumped in the past days? Sometime soon the dumpers hopefully run out of coins...
legendary
Activity: 1078
Merit: 1441
poke.... poke..

did I break the internets?  Cheesy
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1078
Merit: 1441
legendary
Activity: 2338
Merit: 1035
the selling is definitely organic, tho.

What do you mean by organic??
ask
legendary
Activity: 1386
Merit: 1004
Where are all bears today?  Yesterday was completely different...
sr. member
Activity: 546
Merit: 250
Small 193 coin wall appears, the small guys all dump, wall disappears.  Still no confidence in the market.

I am saying bull trap until the guys who dumped us down 400 USD start buying.  If I start seeing 1-2k coin buys, I will believe.  This is organic buying, but organic buying doesn't control the market.


We had a new higher low at $618. Then traders decided it was time to dump taking out much support. If we bounce after this it will be kind of funny imo.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
the selling is definitely organic, tho.
Jump to: