Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26400. (Read 26628513 times)
August 13, 2014, 01:12:53 PM
2000BTC wall got added @ 600$ on Stamp.
August 13, 2014, 01:11:56 PM
nice little jump to 545, whales be shoppin' yo!
The green walls on Bitstamp are weak, you don't need much for such a move.
Still nothing impressive and that reveals any reversal tendencies yet.
gotta try to focus on something to stay positive in these tough times
August 13, 2014, 01:10:32 PM
nice little jump to 545, whales be shoppin' yo!
The green walls on Bitstamp are weak, you don't need much for such a move.
Still nothing impressive and that reveals any reversal tendencies yet.
August 13, 2014, 01:09:14 PM
For the first time, short term poll shows bears and neutrals heavily outnumbering bulls by 2:1.
Contrarian indicator! Time to buy!
Contrarian indicator! Time to buy!
i don't think that necessarily means reversal RIGHT away.... more like when all the bulls have turned bear.
August 13, 2014, 01:08:23 PM
nice little jump to 545, whales be shoppin' yo!
August 13, 2014, 01:07:03 PM
A lot of people here probably don't even trade and just hodl cold storage coins.
Probably the majority.
When your income is delivered via btc, and your expenses can increasingly be paid directly in btc, you gain independence from fiat currencies.
Does a dip matter to traders? Maybe.
Does a dip matter to people with a steady income? Not really. Low prices just mean you can accumulate more coins.
Bitcoin's real value is independence - income independent of location, savings independent of imaginary lines on maps, financial autonomy.
Have I made some good trades absolutely. Have I made some bad trades, of course. I think you hit it on the head with this post. Days will go by when I don't even check the price. If it goes low enough buy more. When it goes to low does it concern me in the short term, yes it does. The fact is there is so much behind bitcoin, the technology, the investments, it's far from a Ponzi scheme, this isn't the end, etc etc.
August 13, 2014, 01:05:13 PM
Nice market buy@ Stamp
Ask side is non-existent. 3200BTC to 600$. At least volatility is back! 
Ask side is non-existent. 3200BTC to 600$. At least volatility is back!
August 13, 2014, 01:01:58 PM
For the first time, short term poll shows bears and neutrals heavily outnumbering bulls by 2:1.
Contrarian indicator! Time to buy!
Contrarian indicator! Time to buy!
August 13, 2014, 01:00:03 PM
I would love to know what the aminorex´s monkey thinks of the lasts swings.
i thought he said something like if 540 fell, then 440 or 460 would be the reversal zone. something like that anyway.
August 13, 2014, 12:59:43 PM
August 13, 2014, 12:59:34 PM
What's happening is people are taking profits and cutting their losses after a breakdown? Or is that too realistic?
Surely anyone can only take so much of living in their parents' basement while they're holding tens of thousands of bitcoins however much they believe in it. It's not a bad time to take some profits.
I would say it is actually a terrible time to take profits. Should have done it weeks ago if one wanted to maximize that profit. That, or hold on until the next run up. And make no mistake, there will be one.
Why? There are two obvious candidate scenarios to take profits, i.e. exit a long position: early on after a rally, at a suspected peak (which requires a certain amount of predictive analysis), and comparably late, when it looks like the only way to go from here is down (momentum based analysis). To me it looks like the current move is driven mainly by the second factor.
You're right...if you're exiting now, you're saying that the only way to go is down. And you'd likely be looking at a reasonably long time horizon, because if it is a profitable long position, you've been in it at least three months.
If you really see nothing but down you cost yourself quite a bit by not realizing that 24 hours ago. If you think it might rebound, hell, you've already been in it a while.
Keep in mind, I'm just trying to give an explanation on why I don't see the swing of the last days as driven by "panic selling". Sure, if your trading horizon is daily, then selling today at $530 was a miss probably. And if your assumptions about Bitcoin are such that, in a year from now, you think it'll be worthless anyway, you should have sold long ago.
But if you, like a number of speculators/semi-holders/traders/whatever in here, are mostly opportunistic, and don't subscribe to the mantra that any price below the ATH (or some uber-optimistic regression trendline) is "cheap", then what's so irrational about selling now, expecting that you'll be able to buy back cheaper in a week (or a month) from now, when and if the market turns around again.
Time will show if it was indeed "panic selling" or not. If price goes further down from here, it wasn't. If we recover and never touch the mid-500s again, it was.
August 13, 2014, 12:59:15 PM
i can now just wait and watch for a strong bull reversal.
That's the sprit we need, dude! We need more buyers for this bull trap. C'mon dude, buy more! Give yourself a push, you surely have some fiat on the sidelines!
read over what i said. i am waiting in fiat and not bottom fishing. i'll let others catch the knives, i don't need to catch the bottom.
Oh dear, sorry for the mistake! But we need more uber-bulls! C'mon bulls buy more cheap coins from the stupid sellers! For sure, after buying you can boast here, humiliating retard sellers! Buy! Buy! 525,00 was the bottom!
August 13, 2014, 12:58:30 PM
FUU, we broke the 540's while I was sleeping 
At least I was expecting something like that to happen, now the next strong resistence will the find only at the 400's.
But I see clear signals of manipulation(really big bull walls), so its more how far away the manipulators are willing togo than where is the next resist the graph show we must find
===========
At least I was expecting something like that to happen, now the next strong resistence will the find only at the 400's.
But I see clear signals of manipulation(really big bull walls), so its more how far away the manipulators are willing togo than where is the next resist the graph show we must find
===========
August 13, 2014, 12:56:11 PM
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
we don't know for how much the coins went...
True, but is was widely speculated that they went for approximate market price or slightly over.
I think ~600,00$ was a pretty reasonable guess.
August 13, 2014, 12:54:45 PM
I would love to know what the aminorex´s monkey thinks of the lasts swings.
August 13, 2014, 12:54:33 PM
i can now just wait and watch for a strong bull reversal.
That's the sprit we need, dude! We need more buyers for this bull trap. C'mon dude, buy more! Give yourself a push, you surely have some fiat on the sidelines!
read over what i said. i am waiting in fiat and not bottom fishing. i'll let others catch the knives, i don't need to catch the bottom.
August 13, 2014, 12:49:55 PM
[q i can now just wait and watch for a strong bull reversal.
That's the sprit we need, dude! We need more buyers for this bull trap. C'mon dude, buy more! Give yourself a push, you surely have some fiat on the sidelines!
August 13, 2014, 12:49:09 PM
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
we don't know for how much the coins went...
August 13, 2014, 12:49:00 PM
What's happening is people are taking profits and cutting their losses after a breakdown? Or is that too realistic?
Surely anyone can only take so much of living in their parents' basement while they're holding tens of thousands of bitcoins however much they believe in it. It's not a bad time to take some profits.
I would say it is actually a terrible time to take profits. Should have done it weeks ago if one wanted to maximize that profit. That, or hold on until the next run up. And make no mistake, there will be one.
Why? There are two obvious candidate scenarios to take profits, i.e. exit a long position: early on after a rally, at a suspected peak (which requires a certain amount of predictive analysis), and comparably late, when it looks like the only way to go from here is down (momentum based analysis). To me it looks like the current move is driven mainly by the second factor.
You're right...if you're exiting now, you're saying that the only way to go is down. And you'd likely be looking at a reasonably long time horizon, because if it is a profitable long position, you've been in it at least three months.
If you really see nothing but down you cost yourself quite a bit by not realizing that 24 hours ago. If you think it might rebound, hell, you've already been in it a while.
August 13, 2014, 12:46:50 PM
And once again, the only winner here is the US government, for offloading all those Silk Road coins on that poor schmuck. I'm sure a lot of bidders from June are thanking their lucky stars right now that their bids were defeated.
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