Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25720.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: findftp on September 19, 2014, 06:21:45 AM

People, I have to say this over and over and over again.
We will reach singularity when this thread reaches page 8888

ONLY 200 pages (plus a few page/post dumps), and we will be there, soon... it's INEVITABLE!!!!

CoinThinker

sr. member

Activity: 462

Merit: 250

Only the best is The be best...

Quote from: findftp on September 19, 2014, 06:23:29 AM

Quote from: AirFlame on September 19, 2014, 06:20:02 AM

When this shit happens (large dumps) i always talk to myself what goes down must come up.

Well, next time I jump from a high cliff I will try it.

I don't know how to explain this again: THERE WILL BE NO MORE BUBBLES. You have to understand that pushing down the price so many times it's not healthy, and it's just a question of time when it will not raise again. It can't go forever, market will loose its faith in it, and then there's no bull or whatever, that can push up the price in the world ever again. The bitcoin game is over, as long as you can manipulate the market this way with less than 1.000.000 USD. It's a joke, any government of the world could destroy bitcoin at any moment it wants.

I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

AirFlame

hero member

Activity: 784

Merit: 500

Quote from: findftp on September 19, 2014, 06:23:29 AM

Quote from: AirFlame on September 19, 2014, 06:20:02 AM

When this shit happens (large dumps) i always talk to myself what goes down must come up.

Well, next time I jump from a high cliff I will try it.

No I did not have this in mind

Im talking about trading

Please dont jump.

dakota neat

hero member

Activity: 658

Merit: 500

Oh my god

http://www.youtube.com/watch?v=tA3ItiGX5Q4

exocytosis

sr. member

Activity: 476

Merit: 250

rpietila has now admitted that this might be the final capitulation.

Quote

it's perhaps the final capitulation.

Even the permabulls are starting to see the truth.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

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

Quote from: Wolf Rainer on September 19, 2014, 06:18:24 AM

Quote from: niothor on September 19, 2014, 06:13:48 AM

Quote from: Wolf Rainer on September 19, 2014, 06:12:28 AM

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

So what? You are considering this way too short term, and sounds like you have overinvested.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Wolf Rainer on September 19, 2014, 06:18:24 AM

Quote from: niothor on September 19, 2014, 06:13:48 AM

Quote from: Wolf Rainer on September 19, 2014, 06:12:28 AM

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

But..but...all thos cheap coins! Aren't you extremely happy.

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

Quote from: AirFlame on September 19, 2014, 06:20:02 AM

When this shit happens (large dumps) i always talk to myself what goes down must come up.

Well, next time I jump from a high cliff I will try it.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: podyx on September 19, 2014, 06:19:01 AM

Quote from: fonzie on September 19, 2014, 06:17:09 AM

Quote from: ?? on ??

Quote from: fonzie on September 19, 2014, 06:07:37 AM

Quote from: ?? on ??

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

I don't see myself having much choice here

I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower

You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful

At what price would you say is a clear trend reversal? 500? 550?

Wait for a massive volume downspike and after it shoots up at least 25% and stays there for a time, and everything else looks bullish that´s the time when you wan´t to go all in. This could be at 150-350$. Probably t30%lower than in your worst expectations. Cheesy

You´ll know it then you see those 3-4k BTC buys happening

blatchcorn

sr. member

Activity: 952

Merit: 281

findftp

legendary

Activity: 1022

Merit: 1008

Delusional crypto obsessionist

People, I have to say this over and over and over again.
We will reach singularity when this thread reaches page 8888

JorgeStolfi

hero member

Activity: 910

Merit: 1003

My guess for the immediate cause of this drop is that the Chinese traders are losing interest in bitcoin and are selling to get out.

The guess is based only on their dominance of the market since November. Is there any other evidence for or against this guess? Assuming the guess is correct, what could have caused them to lose interest?

AirFlame

hero member

Activity: 784

Merit: 500

When this shit happens (large dumps) i always talk to myself what goes down must come up.

podyx

legendary

Activity: 2338

Merit: 1035

Quote from: fonzie on September 19, 2014, 06:17:09 AM

Quote from: ?? on ??

Quote from: fonzie on September 19, 2014, 06:07:37 AM

Quote from: ?? on ??

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

I don't see myself having much choice here

I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower

You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful

At what price would you say is a clear trend reversal? 500? 550?

Wolf Rainer

legendary

Activity: 1960

Merit: 1022

Quote from: niothor on September 19, 2014, 06:13:48 AM

Quote from: Wolf Rainer on September 19, 2014, 06:12:28 AM

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

Im from Argentina... Two months ago bitcoin at 630 usd, now 380... That´s 40% down. One usd = 15 Argentinian pesos. $5000 Argentinian pesos = one month work. I have 3 bitcoins, so i lose $11250 pesos, that´s more than 2 months of work.

fonzie

hero member

Activity: 504

Merit: 500

Moderator

Quote from: ?? on ??

Quote from: fonzie on September 19, 2014, 06:07:37 AM

Quote from: ?? on ??

Because my overinvested investments are underwater I have to invest alot more to hedge..

I wonder how this will end...

Don´t! Honestly, just don´t . Don´t start leveraging before you see a definite trend reversal. Catching knives with leverage is stupid as fuck.

I don't see myself having much choice here

I initially sold at 520 but for some reason bought back at 520 days later. If I would have just literally waited ONE MINUTE I would be all good and would be making alot of money right now because it immidately went down later and I would had no plans to buy back in in case it would go lower

You can wait 1-2 weeks more? Srsly, why do you want to go leverage long in a massive cowntrend? I don´t even say that you should sell your BTC. But leverage long right now is the way to lose everything. I wouldn´t start any fresh(short or long) leverage position right now. If you´re in a green short from above 420$ you´re probably ok, when you have set your losses. I would rather recommend to gamble on black/red roulette in a casino thatn leverage long right now. But that´s just my opinion. Be careful

CoinThinker

sr. member

Activity: 462

Merit: 250

Only the best is The be best...

Quote from: Involution on September 19, 2014, 06:10:32 AM

nice bears, no one will believe in cryptocurrencies again. no one will invest in this bitcoin anymore.. nice move. and no, im not fallling, i had faith a long time in bitcoin.. congratz

Totally agree... I really believed in Bitcoin, and the fact that a non - government issued currency can survive, but now it is totally obvious that it can't. I hate to admit exactly now when I have some bitcoins and lots of BTC related projects, that Bitcoin is doomed to be gone forever.

There are more than 13.200.000 BTC already out in the market, yet a few thousands of them (like 1-2.000) can bring the price so drastically down. I am sure that US and other governments now are watching this amused because it is the end no doubt about it. It doesn't even matter if the price goes back to 500, 1000 or whatever. Once it is proved that it can be pushed down with less than 1.000.000 USD, bitcoin is worthless.

Try to manipulate USD exchange rate with investing 1.000.000 USD... the market won't even blink. But bitcoin is totally different, you can totally destroy it with this small amount of money.

EDIT: for those idiots who think that this is a good way to buy "cheap" bitcoins: once the market will lost faith in this coin (and this is happening totally now), it doesn't matter how "cheap" you buy something which is worthless.

SFHere

newbie

Activity: 59

Merit: 0

So I wonder if there is going to be more suicides because of this.... Sad

klondike_bar

legendary

Activity: 2128

Merit: 1005

ASIC Wannabe

Quote from: Ultros on September 19, 2014, 06:08:26 AM

Quote from: mmitech on September 19, 2014, 05:58:08 AM

Quote from: N12 on September 19, 2014, 05:40:51 AM

Finally we got some cheap coins!

you've already bought ? I am going to wait a couple of weeks more, hopefully we will see $100-250

250 is possible as a bottom in a fast-crash. 100 is way below most technical and fundamental supports therefore extremely unlikely, but anything can happen in BTC-land.

I agree that 100 is extremely unlikely since this drop is based on fear/manipulation rather than a failure in the protocol.

300 would be the bottom i expect, the charts already gone from a waterfall to a vertical drop, and i suspect it will bounce hard this afternoon somewhere between 300-350 and get back to 420+ by the evening

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: niothor on September 19, 2014, 06:13:48 AM

Quote from: Wolf Rainer on September 19, 2014, 06:12:28 AM

Ok, that was all. Im losing all my money.

How can you say that you're losing all your money on a 10% price change?

Maybe it's time to look at the bigger picture instead of the weekly "we only went down 3% i don't see the problem".

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25720. (Read 26609797 times)