Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26307. (Read 26713252 times)

Only Tom Cruise can save us now

Scary is what will happen if (and after) we breach $360-380 levels

Really high volumes today

I have been trading pretty well this week, but I can't even guess which way we are moving for the next couple of hours.  Could be 495, could be 395.  Could sit at 460.  Hell if I can figure it out.

This is a scary market.

Lmfao

I cut my loose once, stung like a bitch.

Im buying .1 btc per day as the price keeps dropping.  Swinging for the fences here fellas, ill be codling fir at least a few years.

I hereby announce codling will be the new way wr here at bitcoin talk refer to holding coins or hodling them.

Wait, what is tank doing with his coins?

I will codl them

Bitcoin has never been at a lower price... yeah. It's sad

Indeed it isn't.  My point is that they are behaving as if it were, instead of doing what an ordinary customer should do when he gets scammed by an ordinary store.

Could be denial, as you say, ... but for nine months?

so bitcoin will  arrive  to its lowest mark this night, sad but true:)
Mybe it is over? Litecoin is almost dead, bitcoin next

Lot of "emotional" trading going on right now. 
People seem to be nervous.

Explanation

I actually don't necessarily believe the metaphor of the drug dealer and the addict is the best fitting one. I guess it's just how human psychology and reasoning works. Why would they be afraid to go to the police, buying mining rigs isn't illegal, is it? It's more of the "I don't want to admit that I've been scammed" sentiment, combined with "I'll just go and keep telling myself they'll deliver eventually" - which is called wishful thinking. It's just trying to get out of the whole situation and trying to grasp every straw available!

Well, it's a valid tactic, if you ask me! You can make a lot of people very happy with that strategy!

blarg. <$400 would paint quite a tragic technical picture. It would likely mean <$300, too, maybe even worse.

I'm all for staying above $400.

That unfortunately is true, I feel that I have become more cynical with time.  Not because of this thread, I think, but of other threads I have been reading.   Some of them are beyond crazy, totally surreal.   

For example, reading the threads about Butterfly Labs, AMT, and other mining rig scams, I could not understand why the victims kept asking and pleading and discussing with the companies for almost a year, still accepting their phony explanations, promises, deals, upgrades -- even sending them more money.  Those clients must know that the CEO of one of those companies was convicted, not long ago, of running an international lottery scam that stole 25 million from old pensioners and such.  Being told so, a sane client should have stopped wasting time and gone straight to the police to file charges for fraud.  Why did their clients instead keep asking, whining, pleading, insulting, sometimes even praising the scammers?

Then I had an epiphany (what a swell word, must use it more often!  ): that is the way drug addicts interact with drug dealers who failed them.  They know that the merchant is a criminal and what he did to them was fraud.  But they of course won't go to the police, and know that he is the boss so their only hope is to convince him to deliver.  When they finally get some product from him, even if it is late, junk, and much less than they paid for, they will be thankful and forget the damage and come back the next day for more, nice and smiling.

Could it be that buying illegal drugs was the only non-trivial "business experience" that those clients had in their life?

What worries me now is that we're still seeing low volume on these bounces, and LTC STILL continues to fall. I think this is a strong indication of further sell offs for bitcoin. Sub $400 is looking more and more likely.

oh nose more walls.  and dumps into walls

panicked trader fat fingered a big order?

who knows...

Day Tradarzz, getting nervous already?  Margin looking kinda... slim?  Bag starting to get a little, um, weighty there?  Tsk, tsk.

Better sell soonz...