We reached the bottom. I'm back in. Thanks for playing.
no bitcoin is dying, just dead cat bounce, fallling said so.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26377. (Read 26706949 times)
August 14, 2014, 11:15:26 AM
no bitcoin is dying, just dead cat bounce, fallling said so.
August 14, 2014, 11:14:09 AM
We reached the bottom. I'm back in. Thanks for playing.
confirmed, back to 580
August 14, 2014, 11:11:39 AM
We reached the bottom. I'm back in. Thanks for playing.
August 14, 2014, 11:11:34 AM
They may have been keeping the price "stable" by holding the price down too. The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price. I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.
Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
And how are they keeping the price down?Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
Witchcraft
August 14, 2014, 11:11:14 AM
August 14, 2014, 11:10:09 AM
At this point the chances of going below 3000 to 27xx levels are very big
August 14, 2014, 11:09:43 AM
Back to 580$ 
August 14, 2014, 11:07:08 AM
They may have been keeping the price "stable" by holding the price down too. The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price. I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.
Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
And how are they keeping the price down? Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
August 14, 2014, 10:59:39 AM
August 14, 2014, 10:58:55 AM
~NotLambchop, Bitcoin MegeloNode
1. Why did Paul McCartney spend his hard-earned money on plastic surgery on his schwantz?
2. Why is he donating his seeds?
3. Who will buy them?
August 14, 2014, 10:58:12 AM
Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.
Yup +1...if your looking to sell then sell on the upcoming spike
August 14, 2014, 10:56:21 AM
Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.
Just stopped my autorenew of credit on finex. Once that frees up will be buying here. I bet many lenders will do the same.
August 14, 2014, 10:54:57 AM
Bid side is building. All those panic sellers will be looking to reenter the market soon. Panic buy coming in. Moving more into BTC.
August 14, 2014, 10:54:55 AM
Keep an Iron Hand on the Tiller and remember this golden quote in the days, weeks to come . . .
"It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now."
- rpietila
"It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now."
- rpietila
August 14, 2014, 10:50:59 AM
Big money has been trying to support the price of BTC for quite awhile, in hopes of creating some sort of stable environment for new money to feel comfortable stepping in after that painful fall from $1200... the funny part is they're losing so much money in the process and it won't help. The move from ~$350 to ~$650 was not warranted, so much of it will naturally be erased.
They may have been keeping the price "stable" by holding the price down too. The benefit for them to do that is to keep the price lower so that they can purchase coins off the exchange for a much better price. I think we will have this little panic sell-off only to be surprised by how quickly the price can rise again.
Glad I am going on vacation next week. Hopefully I can return to a better Bitcoin price.
August 14, 2014, 10:49:29 AM
Just cashed out 30k worth. CBF volitility. Will return on up trend #panicseller
Damn - well good luck bro - things done in panic are not always the best =/ August 14, 2014, 10:49:14 AM
wtf is happening.
why why why are you cashing out!
Well, if you care for my free analysis, guaranteed to be without any warranty: I suspect that the insider info that prompted a few people to buy in May20--Jun/10, lifting the price from 440$ all the way up to 640$, has turned into disappointment; so that those same people are unloading what they bought then. why why why are you cashing out!
If this theory is correct, I would expect the price to drop back to ~450$, but not much lower than that.
The "insider info" may have been indications that the big sale of Jed's XRP would happen, and the "disappointment" would then be the agreement that prevents Jed from selling for a coupld of years. The dates seem to match. But it could be many other things...
So insiders dumped XRP for Bitcoin which ignited a bullrun in May...? And now the reverse (or just staying in dollar - cant see the XRP chart atm)...Makes sense.
August 14, 2014, 10:48:13 AM
Big money has been trying to support the price of BTC for quite awhile, in hopes of creating some sort of stable environment for new money to feel comfortable stepping in after that painful fall from $1200... the funny part is they're losing so much money in the process and it won't help. The move from ~$350 to ~$650 was not warranted, so much of it will naturally be erased.
August 14, 2014, 10:48:03 AM
on the bright side, volume is up!
only thing that matters
lol, volume is up because people selling, and who put bids those are filling, otherwise I am not seeing so much bright thing there.
August 14, 2014, 10:47:17 AM
Just cashed out 30k worth. CBF volitility. Will return on up trend #panicseller
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