Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 25736.

MinermanNC

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Quote from: adamstgBit on September 18, 2014, 10:20:42 PM

Quote from: JayJuanGee on September 18, 2014, 10:17:36 PM

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

while you at it google Portability Divisibility & Fungibility

Gotta love those "bilitys" Wink

adamstgBit

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Quote from: JayJuanGee on September 18, 2014, 10:17:36 PM

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

while you at it google Portability Divisibility & Fungibility

JayJuanGee

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

Quote from: Dr. LY on September 18, 2014, 03:58:14 PM

I remember when I read a lot of TA that said "if 400 is broken, its all over."

So I sold at 388, and sold on Coinbase, waiting for the money to get back into my bank.

Watching it rise the following week was one of the worst feelings I've ever had.

Yes, it sucks to watch it drop. It is 10x worse to watch it rise after you've sold.

Just my experience on this.

Investments don't pay off in 1-2 months. They pay off in 5-10 years.

I'm glad that you are sticking with it, this time... trading is for the birds... and too tricky... however, if prices exponentially rise, then we will be more safe to conder selling some at that time.. otherwise.. we should be able to wait it out and do NOT invest more than we can afford to lose.

JayJuanGee

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Activity: 3920

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

Quote from: scarsbergholden on September 18, 2014, 03:58:04 PM

Quote from: Erdogan on September 18, 2014, 03:45:35 PM

They don't evaporate, rust or rot. Ergo, a store of value. What is wrong with you guys?

I have a bunch of rocks in my yard. They formed long, long ago. And they will be with us for a long time to come. How much are they worth to you?

You are coming across as a simpleton.... have you heard of scarcity? Probably you need to edumacate yourself about bitcoin basics before you come in here lecturing about bitcoin's hypothesized lackings as a storage of value.

vipgelsi

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Quote from: ticoti on September 18, 2014, 10:08:54 PM

Quote from: adamstgBit on September 18, 2014, 10:06:17 PM

china breaking above 2600! gooooo china!

if you call that a break...

Better then going down more .

jofus87

member

Activity: 85

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All this movement, and here I am not impressed unless the price starts with something other than a 4.

ticoti

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Quote from: adamstgBit on September 18, 2014, 10:06:17 PM

china breaking above 2600! gooooo china!

if you call that a break...

adamstgBit

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Trusted Bitcoiner

china breaking above 2600! gooooo china!

adamstgBit

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Quote from: Argwai96 on September 18, 2014, 10:01:36 PM

Quote from: hyphymikey on September 18, 2014, 09:56:02 PM

I was promised $350 coins!

I think you'll probably get them. I could see us popping up a bit from here.... $440-450.... but this is not over IMO. I think it's very likely at this point that we'll see a high volume sell-off. Unless we go sideways here for a few weeks, I think whales are very unlikely to try to pump from here. And there are simply no buyers....

you can tell because there's no market buys happening, anywhere.

right?

Argwai96

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Thug for life!

Quote from: hyphymikey on September 18, 2014, 09:56:02 PM

I was promised $350 coins!

I think you'll probably get them. I could see us popping up a bit from here.... $440-450.... but this is not over IMO. I think it's very likely at this point that we'll see a high volume sell-off. Unless we go sideways here for a few weeks, I think whales are very unlikely to try to pump from here. And there are simply no buyers....

adamstgBit

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Quote from: adamstgBit on September 18, 2014, 09:44:06 PM

lets try somthing

everyone looks at the wall on okcoin and imagine it it coming down.

really think about it.

http://bitcoinity.org/markets/okcoin/CNY

its working!!

omg its really working!!!

O_O

Argwai96

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Thug for life!

Quote from: adamstgBit on September 18, 2014, 08:26:37 PM

Quote from: samsonn25 on September 18, 2014, 08:24:18 PM

Quote from: Argwai96 on September 18, 2014, 08:14:05 PM

Quote from: JayJuanGee on September 18, 2014, 07:48:21 PM

Quote from: hdbuck on September 18, 2014, 02:34:42 PM

my first bid on btc-e is @135$ Grin

edit: and then all the way to 99$ Cheesy

What a fantasy!!!!

You better put some BTC sell orders in the $3,000 price range, too, just in case it goes quickly the other way. Wink

Have you ever traded on BTCE? In February, I caught coins from $140 - $270 (my lowest bids were at $140). In the last cascade, I caught coins from $320 - $360. It's not fantasy at all. BTCE is very thinly traded and extremely easy to manipulate. They will (or someone will) run stops and we could easily cascade down there, given a little push.

Yes. This is true

happend once.

The last one wasn't as deep, but it did happen again a few weeks ago. Stamp and Bitfinex only hit $440-450 area, but BTCE cascaded down to $309. You really think if we have another capitulation, that BTCE can't stop/margin call people down to $100s? I always, always keep low bids on BTCE.....

hyphymikey

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I was promised $350 coins!

empowering

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http://www.wired.com/2014/09/chinese-giant-alibaba-ready-become-next-google/?mbid=social_twitter

"A recent Forrester Research report called Alibaba “the world’s biggest digital ecosystem.” "

They are poised to become a super giant...

These are the guys we want to take on BTC... pity at the moment they are anti BTC, maybe some party connections have put them off the idea before... I wonder if they will thaw....

(that being said I think in the short term BABA is going to be somewhat of a P&D, after the float, there will be a pump, and then profit taking, up to nearer 200 and then back down, and possibly to less than the cap at end of the float, but if they pull it off I would not be surprised to see them grow and acquire and grow)

(Edit= although, now that we have had this sell off... how the market reacts next.... we shall have to wait and see)

adamstgBit

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lets try somthing

everyone looks at the wall on okcoin and imagine it it coming down.

really think about it.

http://bitcoinity.org/markets/okcoin/CNY

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: MOB on September 18, 2014, 09:34:50 PM

Quote from: twiifm on September 18, 2014, 09:28:45 PM

Quote from: MoreFun on September 18, 2014, 09:26:32 PM

Quote from: colour on September 18, 2014, 08:52:01 PM

Isn't it a bit late for selling coins in order to buy Alibaba stock? Exchanges typically do not let you transfer fiat to 3rd party accounts. So I assume you have to transfer to your bank first, then to a stock broker. IPO was Thursday and retail sale is beginning this Friday, so the funds will probably not arrive on time to get in early?

Of course it is stupid story, although it sounds kind of possible on the first sight. Also IPO is not for chinese small people (maybe through some fund).

Are you stupid? Initial Public Offering means anyone w a brokerage account can buy

Its a US IPO. I think it is fair to say that most middle-class Chinese folk will not be buying it on the US exchange tomorrow.

We are not talking about average jo middle class Chinese folk we are talking about BTC speculators/holders/miners... and some of them might be Chinese... and some of them have more money than middle class Americans/Europeans, and be perfectly well equipped to buy on any exchange anywhere....

empowering

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Quote from: BitChick on September 18, 2014, 09:32:40 PM

Quote from: twiifm on September 18, 2014, 08:39:46 PM

Quote from: empowering on September 18, 2014, 08:35:02 PM

Quote from: MoreFun on September 18, 2014, 08:29:04 PM

Quote from: empowering on September 18, 2014, 08:26:15 PM

Yeah... it seems to make sense for a possible explanation... speculators holding off until the last minute to take some funds and push them into the Alibaba P&D... so... question is... how much will come back to mumma Bitcoin and how soon?

Seems like win win, force market down with sell off, walk away with x amount of cash (and a BTC sold figure) profit from Alibaba pump, take profit and either
pop some in the hole in the water fund, or buy back same amount of BTC (at a now lower price) OR buy back even more BTC at a lower price.

You don't sell Bitcoins 1 day before IPO and also IPO is not for small guys. Bullshit mostly this as a reason, this was purely momentum triggered after nice work done the same way as many times before from the same wall-bear. But could still be some guys selling for IPO, but nothing spectacular.

Why not? sell BTC 1 day before the IPO, if you feel that BTC could go up a few more dollars? (or down? fair enough)

Also, many BTC speculators are .... well speculators... and the biggest IPO of all time is enough to draw in speculators, large and small... as long as they are active in trading in general, I can perfectly see traders taking the risk... it is more than plausible imo..

Most rational people would rather own shares of Alibaba than Bitcoins. At least Alibaba has fundamentals

Or maybe some of us realize we need to hold on to BTC without selling any and move some other stocks that are not performing well into Alibaba?

Buy both but definitely don't sell BTC right now!

For sure... but also some BTC speculators (even 1 or 2 big ones) may have enough coins and have been eyeballing the BABA float for a while and have decided to try and spin a buck...and make moar for their hole in the water fund/invest back into BTC or become BABA holders...

It takes all sorts

TeeBone

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Quote from: twiifm on September 18, 2014, 09:28:45 PM

Quote from: MoreFun on September 18, 2014, 09:26:32 PM

Quote from: colour on September 18, 2014, 08:52:01 PM

Isn't it a bit late for selling coins in order to buy Alibaba stock? Exchanges typically do not let you transfer fiat to 3rd party accounts. So I assume you have to transfer to your bank first, then to a stock broker. IPO was Thursday and retail sale is beginning this Friday, so the funds will probably not arrive on time to get in early?

Of course it is stupid story, although it sounds kind of possible on the first sight. Also IPO is not for chinese small people (maybe through some fund).

Are you stupid? Initial Public Offering means anyone w a brokerage account can buy

Amazing the shyt you read, aint it ?

Probably will buy me some BABA in the morning after i wake up, scratch my balls and pick up my laptop. Yep, small fry like me !

MOB

hero member

Activity: 493

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Quote from: twiifm on September 18, 2014, 09:28:45 PM

Quote from: MoreFun on September 18, 2014, 09:26:32 PM

Quote from: colour on September 18, 2014, 08:52:01 PM

Isn't it a bit late for selling coins in order to buy Alibaba stock? Exchanges typically do not let you transfer fiat to 3rd party accounts. So I assume you have to transfer to your bank first, then to a stock broker. IPO was Thursday and retail sale is beginning this Friday, so the funds will probably not arrive on time to get in early?

Of course it is stupid story, although it sounds kind of possible on the first sight. Also IPO is not for chinese small people (maybe through some fund).

Are you stupid? Initial Public Offering means anyone w a brokerage account can buy

Its a US IPO. I think it is fair to say that most middle-class Chinese folk will not be buying it on the US exchange tomorrow.

JorgeStolfi

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Activity: 910

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Quote from: MoreFun on September 18, 2014, 08:29:04 PM

You don't sell Bitcoins 1 day before IPO and also IPO is not for small guys. Bullshit mostly this as a reason, this was purely momentum triggered after nice work done the same way as many times before from the same wall-bear. But could still be some guys selling for IPO, but nothing spectacular.

Well, Alibaba is Chinese, and it seems that the price only reacts to news that matter to the Chinese..

Can we tell which exchanges are leading the drop?

IMHO, the coincidence of times justifies looking for a connection between the drop and the IPO.

For instance, could it be that Chinese hoarders (not traders) moving their off-exchange coins to the "Western" exchanges and selling them there, in a hurry, in order to obtain dollars for Alibaba's IPO?

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