Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26325. (Read 26713548 times)
August 18, 2014, 05:44:10 AM
Stamp still ~15$ higher than China. This won´t end well.
August 18, 2014, 05:42:27 AM
About to get ugly for you shorters. Try not to trample each other too much when you're covering. Don't worry, there's room for at least 3 or 4 of you to profit!
This rally has fewer legs than Lieutenant Dan.
August 18, 2014, 05:34:17 AM
About to get ugly for you shorters. Try not to trample each other too much when you're covering. Don't worry, there's room for at least 3 or 4 of you to profit!
August 18, 2014, 05:30:27 AM
I wonder if my prediction of 460-450$ will hold
$450 is massive support. It has to have a major bounce there, even if it trends lower after that.
August 18, 2014, 05:29:32 AM
No more upwards manipulation? Looks like the manipulators surrendered finally.
dead cat bounces won't last
August 18, 2014, 05:28:38 AM
Who hasn't cut his loose?
You mean losses? Who has losses anyway?
It's quite impressive to be involved in continuously exponentially rising asset such as Bitcoin for more than a year and to manage NOT to be in the green.
August 18, 2014, 05:27:55 AM
No more upwards manipulation? Looks like the manipulators surrendered finally.
August 18, 2014, 05:25:53 AM
Who hasn't cut his loose?
me. I use to go down with the ship since 2011 and always came back afloat richer. But I stay in crypto for other reasons too.
August 18, 2014, 05:20:57 AM
The next support at bistamp is at around 450, i'm guessing low volume dumps until we reach a point when we go sideways around there.
nope, there will be no more sideways but plummet
August 18, 2014, 05:16:44 AM
I wonder if my prediction of 460-450$ will hold
August 18, 2014, 05:14:55 AM
The next support at bistamp is at around 450, i'm guessing low volume dumps until we reach a point when we go sideways around there.
August 18, 2014, 05:07:31 AM
August 18, 2014, 05:04:57 AM
Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.
They'll be a quick bounce back (especially if we hit a spot that is so far beyond a doubt a bottom). We have leverage and we have zealots -- of course they'll be a quick bounce back. Further, Coinbase is selling people coins at Friday's price... this means Coinbase thinks Friday's price is equal to or higher than the present price.
August 18, 2014, 05:04:26 AM
more then 1K BTC to 515, still think its a trap?
Yes!
August 18, 2014, 05:03:04 AM
August 18, 2014, 05:00:37 AM
Wow current price actions seems to indicate we are going to revisit 440/430. I was not expecting that. I wonder how long the rise will be postponed because of this. If we aren't back above 500 by the end of the month I'll be out of Risto's contest.
August 18, 2014, 04:59:35 AM
August 18, 2014, 04:59:18 AM
Did anybody notice the China sell off?
My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.
Any other views out there? Thanks.
My current theory is that China's private credit engine/shadow banking sector has stalled. So Chinese Btc speculators have been forced to liquidate.
Any other views out there? Thanks.
It's not persuasive. If shadow banking sector stalled, the Chinese security market wouldn't have had been so firm.
The crypto bulb popped, no fresh money coming in. Is it simple as that? I've got to hodl with my average cost high in the sky.
What's your average costs, approximately? Mine is about $609 (atm), and yes average cost (being in the red or the black) does affect thinking and behavior...
No leverage, right? I think you gotta hang in there, buddy. You've taken the worst of it up to this point. Even if there is a flash crash that would happen at about 455/450 and we'd stabilize around 430. I doubt, at that point, they'd be able to continue hunting margins even lower than the low 400s range... there'd be too much buy pressure.
So, that's probably the worst case scenario. The best cast is we found a bottom and you didn't move in and out with the incidental costs/slippage that come with not knowing where the bottom is.
So yes, if no leverage, hold tough. If leveraged, maybe still... but that's rough.
August 18, 2014, 04:54:45 AM
@JayJuanGee
Better cut your loose before it´s too late!
Better cut your loose before it´s too late!
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