Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26041.

Schickeria

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Quote from: molecular on August 31, 2014, 02:18:45 PM

Quote from: ShroomsKit on August 31, 2014, 01:44:02 PM

This constant downward pressure we've been seeing pretty much the whole year doesn't make sense anymore.
I simply refuse to believe this is natural. That this is what everyone wants.
I also don't believe in theories as banks or governments taking us down. That is nonsense. But this is simply not normal behaviour. It's getting absurd now. This last round of dumping is absurd.

how about miners need to liquidate coins to pay bills? It's the turn of the month. Many might've put it off waiting for higher prices.

I could not say it better:

Quote from: RyNinDaCleM on August 31, 2014, 01:47:58 PM

This fall is purely technical.
The way that news works is like this;
Bear market
Bad news is seen as very bad and good news just slows the descent.

Bull market
Good news is great while bad news slows the rise

It's all about how the news is perceived.

This fall is just unwinding the remains of the bear market. There is more coming and the news will do nothing to stop it. The fact that we had all this good news from earlier this year and we could only correct up a bit of the fall is a prime example of how much news affects the market. It will not create a reversal and we don't need bad news to have a correction. This is just natural market behavior.

molecular

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Quote from: ShroomsKit on August 31, 2014, 01:44:02 PM

This constant downward pressure we've been seeing pretty much the whole year doesn't make sense anymore.
I simply refuse to believe this is natural. That this is what everyone wants.
I also don't believe in theories as banks or governments taking us down. That is nonsense. But this is simply not normal behaviour. It's getting absurd now. This last round of dumping is absurd.

how about miners need to liquidate coins to pay bills? It's the turn of the month. Many might've put it off waiting for higher prices.

adamstgBit

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Quote from: adamstgBit on August 31, 2014, 01:58:08 PM

Quote from: ShroomsKit on August 31, 2014, 01:44:02 PM

This constant downward pressure we've been seeing pretty much the whole year doesn't make sense anymore.
I simply refuse to believe this is natural. That this is what everyone wants.
I also don't believe in theories as banks or governments taking us down. That is nonsense. But this is simply not normal behaviour. It's getting absurd now. This last round of dumping is absurd.

shorts are up^.
nodoudt some poeple covered but others took more shorts, the drop itself looks like it started with some fresh shorts.

http://www.bfxdata.com/sentiment/longshort.php

and longs are down slightly from the initial drop

good buy IMO, i'll you at 490

Cheesy

paul2000

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Quote from: ShroomsKit on August 31, 2014, 01:44:02 PM

This constant downward pressure we've been seeing pretty much the whole year doesn't make sense anymore.
I simply refuse to believe this is natural. That this is what everyone wants.
I also don't believe in theories as banks or governments taking us down. That is nonsense. But this is simply not normal behaviour. It's getting absurd now. This last round of dumping is absurd.

The thing is, there's still too much confidence in the market (look at the current poll). Fear, capitulation, despair? We haven't seen this yet. Ironically all the good news of the last weeks and months are to blame. So this bleeding will only fade out slowly. A stable price at around 500$ would be nice for now, and then ccmf will be back soon.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

adamstgBit

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Quote from: ShroomsKit on August 31, 2014, 01:44:02 PM

This constant downward pressure we've been seeing pretty much the whole year doesn't make sense anymore.
I simply refuse to believe this is natural. That this is what everyone wants.
I also don't believe in theories as banks or governments taking us down. That is nonsense. But this is simply not normal behaviour. It's getting absurd now. This last round of dumping is absurd.

shorts are up^.
nodoudt some poeple covered but others took more shorts, the drop itself looks like it started with some fresh shorts.

http://www.bfxdata.com/sentiment/longshort.php

hmmkay

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Quote from: N12 on August 31, 2014, 01:53:55 PM

Let us take it for granted that there is a concerted manipulation effort to drive the price lower.

What knowledge do you draw from this fact? How does it help your trading?

If the manipulator is able to achieve his desires with a minimum of resources, and there is no opposition to him, be it from opposed manipulation or natural buying, then what does it tell you about the state of this market?

r/buttcoin, hard to believe it's just a few random people with no life, hating bitcoin and starting this separate channel.
People putting such negative effort into something like that seems very fishy to me.

JayJuanGee

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Quote from: molecular on August 31, 2014, 10:31:28 AM

haha, lol. just tried to chat in the btc-e trollbox and found out you need $100 on deposit to be able to post ;-)

Well that get's rid of Jorge - types.. hehehe

N12

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Let us take it for granted that there is a concerted manipulation effort to drive the price lower.

What knowledge do you draw from this fact? How does it help your trading?

If the manipulator is able to achieve his desires with a minimum of resources, and there is no opposition to him, be it from opposed manipulation or natural buying, then what does it tell you about the state of this market?

Schickeria

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Quote from: JayJuanGee on August 31, 2014, 01:41:20 PM

That is way too complicated... MORE likely is that he is just paid by some government of financial institution to talk shit about BTC...

If a government wants some FUDsters they have better options than this poor guy making an impression of a broken spam bot algorithm. We can blame our governments but better not this way.

ShroomsKit

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This constant downward pressure we've been seeing pretty much the whole year doesn't make sense anymore.
I simply refuse to believe this is natural. That this is what everyone wants.
I also don't believe in theories as banks or governments taking us down. That is nonsense. But this is simply not normal behaviour. It's getting absurd now. This last round of dumping is absurd.

JayJuanGee

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Merit: 11299

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

Quote from: fonsie on August 31, 2014, 10:25:31 AM

Quote from: empowering on August 31, 2014, 10:19:12 AM

Quote from: falllling on August 31, 2014, 06:16:22 AM

Quote from: TPN on August 31, 2014, 06:12:51 AM

any reasons for the drop?

goxed
51% pool (easy came easy gone easy return)
crackers and governments and shit having 1200k coins(mtgox 200k, Ross Ulbricht 140k, crackers: 850k)
no new money
governments warning and banning
scam IPOs many including Ethereum and others
everyone is selling / spending
Dell / Expedia / Newegg / House dealer / etc are selling in real time
Winklevoss ETF will actually be shot down
GABI is already priced in
Dubai exchange won't create any thing new
etc..

silly wanker

I think that fallling got goxed, has pissed his pants when nearing the 51%, somebody from the government has taken his crackers, he has no new money, he's banned from his cardboard box, invested all of his cans into Ethereum, tried to buy a house from the House dealer, but since they only accepted BTC, he couldn't buy one, winklevoss+gabi+dubai something he read about on the piece of paper he used to clean off his ass while shitting in his new cardboard box.

Now he's here venting his frustration, because his cardboard box got wet from the rain.

That is way too complicated... MORE likely is that he is just paid by some government of financial institution to talk shit about BTC... as part of a team effort to lower BTC prices and possibly even attempt to undermine confidence in BTC or to distract us from having more meaningful communications about BTC or any other topic that we may feel important

adamstgBit

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price is irrelevant bitcoin is doing good.

JayJuanGee

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

Quote from: fonsie on August 31, 2014, 10:19:52 AM

Quote from: Torque on August 31, 2014, 10:18:34 AM

So let's call out everyone that said they were buying if we dipped to $480. Cheesy

Why buy now, according to fallling we can have free coins sooner rather than later.

If prices seem to be in a form of free fall that actual occurrence does cause hesitation in buying, as we may realize.

JayJuanGee

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

Quote from: adamstgBit on August 31, 2014, 10:08:54 AM

Quote from: molecular on August 31, 2014, 10:03:55 AM

Quote from: grappa_barricata on August 31, 2014, 07:05:21 AM

Quote from: mmitech on August 31, 2014, 07:01:45 AM

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy

Click the image to watch the video

in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

The TED talk by Derek Sivers that uses this video (and likely popularized it) is also worth a watch.

idk about you guys but i'm still dancing and poeple around aren't quite ready to join in. not sure what they are waiting for...

YEP... that's what I meant to say...

JayJuanGee

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

Quote from: molecular on August 31, 2014, 10:03:55 AM

Quote from: grappa_barricata on August 31, 2014, 07:05:21 AM

Quote from: mmitech on August 31, 2014, 07:01:45 AM

this Video teach us a simple yet important thing: First Follower: Leadership Lessons from Dancing Guy

Click the image to watch the video

in Bitcoin's case, Hal finney was that brave first follower

Thanks dude, very educative.

The TED talk by Derek Sivers that uses this video (and likely popularized it) is also worth a watch.

I think that bitcoin is still at a level of risk that we all remain sort of first followers - especially can feel that way during periods that the price is in a downward trajectory and we continue to hope that it recovers to stability and to new ATHs... above the $1200-ish levels

fonzie

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Wow @ LTC / OKcoin, there was a guy that put up three 80000 LTC wall @ 29.20s, it took about 10-15 minutes, but they got eaten afterwards and not pulled. It seems people are willing to buy if the price get low enough(lol~shroomskit). At which price will BTC bull whales jump in?

adamstgBit

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