Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26408. (Read 26623302 times)
August 13, 2014, 09:04:26 AM
Been away from this thread for quite a while due to boredom and loss of patience with its many trolls. But hey, finally, something's up. Is this the long-overdue $540 retest?
August 13, 2014, 09:03:12 AM
I have never seen as bad a bid side on Huobi as now. And before that, I had never seen it as bad as about 2 days ago. What's going on there?
I have the feeling that the Mainland Chinese exchanges are winding down. Just a feeling, no concrete news.I asked several times what could have convinced some traders to buy in spurts and take the price from 450$ to 630$. General answer was "who cares". Well, my guess is still that those traders had learned of some impending event that might start a new rally. If so, perhaps they now have been disappointed and are just selling back what they bought. But, who cares?
There have been around ~ 20000BTC in shorts on western exchanges that had to be closed. Don´t know how many shorts had been open on the chinese exchanges in that time. This in combination with crazy leverage longs chasing the rise brought us to 680$.
August 13, 2014, 08:59:51 AM
I have never seen as bad a bid side on Huobi as now. And before that, I had never seen it as bad as about 2 days ago. What's going on there?
I have the feeling that the Mainland Chinese exchanges are winding down. Just a feeling, no concrete news.I asked several times what could have convinced some traders to buy in spurts and take the price from 450$ to 630$. General answer was "who cares". Well, my guess is still that those traders had learned of some impending event that might start a new rally. If so, perhaps they now have been disappointed and are just selling back what they bought. But, who cares?
August 13, 2014, 08:59:40 AM
August 13, 2014, 08:58:29 AM
Do not be happy this is not the end of crash! the crash just starts!
HUGE DROP incoming and will send you back to $4xx, repeat, Do NOT buy or lose everything
HUGE DROP incoming and will send you back to $4xx, repeat, Do NOT buy or lose everything
oops. I just bought @$530 with all the residual yellenbucks I got.
August 13, 2014, 08:57:28 AM
Well at least you aren't so caught up with arrogance that you won't admit to the possibilities.
Anything is possible my friend - I personally back freedom... Bitcoin means a lot to me - more than just money in my pocket
Anything is possible my friend - I personally back freedom... Bitcoin means a lot to me - more than just money in my pocket
I'm invested in Bitcoin, with a decent amount of money, beeing prepared to lose it in worst case scenarios. So I admit a lot of possibilities.
August 13, 2014, 08:56:47 AM
Mega bulltrap incoming
580$ would be fun, but i´m putting my money(fresh shorts) on ~560-565$.
August 13, 2014, 08:53:45 AM
August 13, 2014, 08:53:17 AM
Mega bulltrap incoming
August 13, 2014, 08:52:31 AM
August 13, 2014, 08:51:58 AM
do NOT buy, this is a trap!
August 13, 2014, 08:51:36 AM
Don't forget the payment processing companies Coinbase and BitPay. Despite Bitcoin being an open and transparent system, we have no idea how many coins transfer hands unfortunately.
I recall them saying that they processed 100 million USD in payments in 2013. No idea how they are doing now.I wonder how much of that is actually purchasing concrete goods and services. Do people use Bitpay/Coinbase for online gambling? Do people use them, instead of the exchanges, to turn bitcoins into dollars? (Just register with them as a merchant and but a Nothing from yourself in BTC, have it delivered as dollars?)
August 13, 2014, 08:50:23 AM
I remain cautiously optimistic.
August 13, 2014, 08:50:19 AM
I really hope that we see that volatile bear market trading with huge bull traps that we had during February in the next weeks.
August 13, 2014, 08:49:52 AM
Do not be happy this is not the end of crash! the crash just starts!
HUGE DROP incoming and will send you back to $4xx, repeat, Do NOT buy or lose everything
HUGE DROP incoming and will send you back to $4xx, repeat, Do NOT buy or lose everything
August 13, 2014, 08:46:00 AM
August 13, 2014, 08:43:49 AM
its good to finally see the explosion of posts about observing walls for a change. It was dreadful on here during the sideways chart movement but for your endurance during these times heres a blast from the past and I present to you all some dumpageddon noise.
http://four-word.bandcamp.com/album/rubbin-records-vol-1-were-funkin-now
http://four-word.bandcamp.com/album/rubbin-records-vol-1-were-funkin-now
August 13, 2014, 08:43:08 AM
Look at all those people buying cheap coins 
You really are bitter, aren't you? QQ'ing all year about market not going where he wants, loses coins, and then hopes that other people will lose as much as him. 10/10 Human being right there.
August 13, 2014, 08:42:58 AM
no more bubbles. but stable and constant growth.... and I wish that will happen, so most of the greedy bastards here will learn a lesson.
A stable and constant growth is only possible in short to mid term times spaces. The fundamentals of the bitcoin economy can not handle this kind of growth. A strong bear market, going down to low 300's - possible. A stronger bear market , going down to 100's - possible. A stable and constant growth over several years - no.
Thank you for the astute analysis - please... have a seat and enjoy a nice tall glass of stfu - you are whats wrong with BTC - plzlearn2economics
Why so upset?
I studied economics (Volkswirtschaft). Well, I could tell you that I'm Julio Iglesias, too. But however. A stable and constant growth is not possible - just my point of view. No reason to freak out ;-)
In the off chance that you are economic studying Julio Iglesias - your knowledge has indoctrinated you in a world you cannot move past - I know a lot of 'educated' people who fail to see a HUGE paradigm shift.
But I also saw that when I tried to explain to an elderly man that the post office would take a back seat to email and he told me I was speaking 'rubbish'
You can't stop technology - and good luck trying to block the truth - Bitcoin is our only chance to have TRUTH in an otherwise nebulous money society.
I'm not saying that bitcoin will fail or is forced to fall back to the 100's. But it could. Being aware of the risks of a very, very young market let me see downward movements with composure. I doubt that bitcoin could growth in a harmonic way, since it's not the way in which young markets are growing.
Being an ecomist does not qualify me to make valid judgements about the bitcoin future. In some cases even high qualified economists fail to make valid conclusions regarding very young and volatile markets:
http://www.handelsblatt.com/unternehmen/banken/commerzbank-chefvolkswirt-bitcoins-haben-auf-dauer-keine-chance/9118802.html
I like your posts. Hope you stay around
August 13, 2014, 08:40:14 AM
Look at all those people buying cheap coins
You really are bitter, aren't you? Jump to: