Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26368.

illyiller

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Quote from: inca on August 15, 2014, 04:08:28 AM

Quote from: WillyBTC on August 15, 2014, 03:56:19 AM

Quote from: camu6 on August 15, 2014, 03:48:03 AM

Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.

I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.

Really? I feel like we are constantly getting really good news, and no rally ever to be found. Now Braintree looks to be a test bed for Paypal to start accepting bitcoin. Annnnnd bet you we're gonna drop.......

Patience is a virtue. Value is being built into the network. Nothing about bitcoin has changed for the worse. If adoption rises, so does the price, eventually!

Agreed, nothing has changed fundamentally. But I can understand the frustration, when you see nothing but good things happening, while simultaneously, the price just continues to drop and drop.....

kurious

legendary

Activity: 2604

Merit: 1748

Quote from: fallinglantern on August 14, 2014, 09:21:03 PM

Quote from: ibrahim11 on August 14, 2014, 09:17:38 PM

SHOULD I BUY 1.5BTC right now for $845? Huh

(BTW im in the uk and the price is £338/btc)

Only if you aren't already AML/KYC'd at an exchange. That's a pretty hefty commission.

GO to this place if you're in the UK - it does take a commission, but as soon as your bank transfer hits - they send you BTC - usually it takes less than an hour - once you're registered.

http://www.speedybitcoin.co.uk

Currently £318 - I use them when I can't get fiat in fast - it is NOT the cheapest rate - but it is close enough (and better than you quoted).

Plus when you see a dip - it is a godsend.

EDIT: and when I say 'less than an hour' I mean from when you send your bank transfer!

inca

legendary

Activity: 1176

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Quote from: WillyBTC on August 15, 2014, 03:56:19 AM

Quote from: camu6 on August 15, 2014, 03:48:03 AM

Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.

I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.

Really? I feel like we are constantly getting really good news, and no rally ever to be found. Now Braintree looks to be a test bed for Paypal to start accepting bitcoin. Annnnnd bet you we're gonna drop.......

Patience is a virtue. Value is being built into the network. Nothing about bitcoin has changed for the worse. If adoption rises, so does the price, eventually!

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

WillyBTC

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Merit: 250

Quote from: camu6 on August 15, 2014, 03:48:03 AM

Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.

I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.

Really? I feel like we are constantly getting really good news, and no rally ever to be found. Now Braintree looks to be a test bed for Paypal to start accepting bitcoin. Annnnnd bet you we're gonna drop.......

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: camu6 on August 15, 2014, 03:48:03 AM

Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.

I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.

But we need that announcement soon. If nothing happens we'll simply get a new round of dumping. We won't magically go up based on nothing.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: inca on August 15, 2014, 03:43:58 AM

Well the sellers can keep selling. Someone is buying each and everyone.

EBay upcoming integration suggests bitcoin is becoming the darling of internet corporations. It's merchant adoption rate is incredible this year, especially considering the negative price action.

Don't be shaken out of your holdings. If bitcoin was a buy at 650 it is a great buy at 515!

Exactly.
These people are complete idiots. You'd have to be very ignorant to think Bitcoin will just stop. That it will just go away. So many companies are getting in.
But short term greed makes people just stupid.

Malin Keshar

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The day going to end and no dump so far?

That was a so damn boring night, was expecting something to happen, not a stall on the 510's

camu6

full member

Activity: 158

Merit: 100

Today was the first day in a week where a big wall on OKCoin was bought in a few bites instead of causing downward pressure.
If this was not the bottom for now.. I'd be surprised.

I think there is too much TA talk of the importance of the 550/540$ breach. It takes only one big announcement to get this rocket going again.

minerpumpkin

hero member

Activity: 686

Merit: 500

A pumpkin mines 27 hours a night

Quote from: CEG5952 on August 15, 2014, 03:30:39 AM

Whoa, what happened last night? I haven't been looking at the charts the last couple days. But I had a bids fill in the 460s and 470s.... I guess some forced liquidations? Anyone know what started it? (Bitfinex)

People say that a single big sell started the whole thing that lead to a cascade of longs being liquidated forcefully. That candle went down to the $450s in one single big hit.

inca

legendary

Activity: 1176

Merit: 1000

Well the sellers can keep selling. Someone is buying each and everyone.

EBay upcoming integration suggests bitcoin is becoming the darling of internet corporations. It's merchant adoption rate is incredible this year, especially considering the negative price action.

Don't be shaken out of your holdings. If bitcoin was a buy at 650 it is a great buy at 515!

hlynur

hero member

Activity: 770

Merit: 501

Quote from: CEG5952 on August 15, 2014, 03:30:39 AM

Whoa, what happened last night? I haven't been looking at the charts the last couple days. But I had a bids fill in the 460s and 470s.... I guess some forced liquidations? Anyone know what started it? (Bitfinex)

i picked up something about margin call cascade on tradingview chat:
https://www.tradingview.com/v/w5i8knMU/?utm_source=notification_email&utm_medium=email&utm_campaign=notification_publish

5cMXezpBtm

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Just to mention that we have been at 360 USD just about four months ago (2014-04-10) according to CoinDesk price index.

CEG5952

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Activity: 658

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Buy and sell bitcoins,

Whoa, what happened last night? I haven't been looking at the charts the last couple days. But I had a bids fill in the 460s and 470s.... I guess some forced liquidations? Anyone know what started it? (Bitfinex)

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

JorgeStolfi

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Quote from: jaberwock on August 15, 2014, 12:31:46 AM

We had some good news today:
http://www.coindesk.com/paypal-subsidiary-braintee-talks-coinbase-accept-bitcoin/

Indeed. Now those of you who are still buying bitcoins will have many more opportunities to pay for the Winlevosses's purchases. Wink

S3052

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Quote from: ShroomsKit on August 15, 2014, 01:48:16 AM

It's sad and annoying to see that this big drop wasn't enough for some people. They try to push us further down.
If it's up to these idiots they'd take us down to 10 dollars. They don't care if they destroy the whole Bitcoin economy in the process.

There is no reason to sell anymore at the moment. Those who wanted to sell did so already. The pressure is gone.
This is pure manipulation and idiot sheep following, afraid of another crash.

unfortunately it is not that easy. There is always a reason to sell and reason to buy
It just depends on the technical state of the market.
You can't make fundamentals responsible for the price move short term.

Big technical support has been broken at 540-550 and it will be hard to climb back above short term.

Most probably we'll see lower prices before bottoming first.

jaberwock

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