We must hear some news soon, it's too strong selling without something behind it.
Btc-e is completely mental, 30$ below everyone.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26411. (Read 26732213 times)
August 18, 2014, 03:56:49 PM
August 18, 2014, 03:56:01 PM
It's because in the whales' quest for margin call hunting (first Bitfinex, then BTC-e), they have effectively killed the market, killed off all confidence in it now. No sharp bounce from a local bottom like they expected, no strong support signal like we had in April. Completely reversing all the upward progress and momentum from mid- May.
People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
Looking at the charts, it looks a lot like 2011.
Post of the day.
Mt. Gox is also part of the problem. Most people are unwilling to leave fiat on an exchange, so there is a 4 business day lag before new buying can start.
Yeah, bullshit post of the day. There are no "whales" manipulating the market. It's third party payment processors like coinbase and bitpay liquidating their customer's coins, along with investors losing faith in the market. It's really that simple.. more sellers than buyers, along with ~3600 new coins minted EVERY.SINGLE.DAY.
But because so many people here put their heart and souls into this technology, they need to believe that it was some kind of conspiracy working against them. Ridiculous.
August 18, 2014, 03:55:57 PM
at least you didnt register this account today.
August 18, 2014, 03:54:24 PM
this catastrophic price movement (i am losing a fortune)
The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago.What are you doing so wrong that you're losing a fortune under these circumstances?
he is losing an opportunity to make a fortune, I think that is what he meant.
August 18, 2014, 03:53:50 PM
Under those circumstances, yes he would be losing a fortune.
Unrealized losses aren't real unless you make them real.Some people are just incredibly impatient.
August 18, 2014, 03:52:51 PM
this really sucks man
wtf is this BS...
Manipulationwtf is this BS...
Sheep
Idiot sellers
China
you forgot weak hands.
August 18, 2014, 03:52:43 PM
You've got to wonder at this point who would be crazy enough to keep holding bitcoin. All signs point to a further cascade in price... to be holding right now you either need to be
A) delusional
B) Have no appreciation for the value ofmoneydollars
Damn it, I fit in both. A) delusional
B) Have no appreciation for the value of
August 18, 2014, 03:51:39 PM
August 18, 2014, 03:49:14 PM
People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
It works both ways. At some point there will be nobody left to sell and plenty of buyers waiting with forks and knives. That's when it reverses.
That's exactly what people were saying back in April, after the reversal. And look what has happened since? We're right back to where we were.
Who's to say it can't happen again, a second time?
August 18, 2014, 03:48:29 PM
Looks like BTC is 95% of the crypto-currency market in terms of market cap. Source: my rough adding of coinmarketcap.com
August 18, 2014, 03:48:19 PM
this catastrophic price movement (i am losing a fortune)
The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago.What are you doing so wrong that you're losing a fortune under these circumstances?
I'm sure he means something like "investing since January 2014". Under those circumstances, yes he would be losing a fortune.
August 18, 2014, 03:47:05 PM
People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
It works both ways. At some point there will be nobody left to sell and plenty of buyers waiting with forks and knives. That's when it reverses.
August 18, 2014, 03:46:08 PM
this catastrophic price movement (i am losing a fortune)
The price now is what the price was in May, and about 4x what it was a year ago, and 40x what it was 2 years ago.What are you doing so wrong that you're losing a fortune under these circumstances?
August 18, 2014, 03:44:23 PM
when all cower in fear
WE REMAIN!
WE REMAIN!
August 18, 2014, 03:43:05 PM
It's because in the whales' quest for margin call hunting (first Bitfinex, then BTC-e), they have effectively killed the market, killed off all confidence in it now. No sharp bounce from a local bottom like they expected, no strong support signal like we had in April. Completely reversing all the upward progress and momentum from mid- May.
People who bought at the beginning of the year are now tired and fearful of this market. People who bought since mid- May are now tired and fearful of this market. So who's left to buy now?
Looking at the charts, it looks a lot like 2011.
Post of the day.
Mt. Gox is also part of the problem. Most people are unwilling to leave fiat on an exchange, so there is a 4 business day lag before new buying can start.
August 18, 2014, 03:41:37 PM
There is no end guys, this seems to be a new bear market 
Get out while you can and return in a few months to buy dirt cheap
Get out while you can and return in a few months to buy dirt cheap
August 18, 2014, 03:40:47 PM
You've got to wonder at this point who would be crazy enough to keep holding bitcoin. All signs point to a further cascade in price... to be holding right now you either need to be
A) delusional
B) Have no appreciation for the value of money
A) delusional
B) Have no appreciation for the value of money
August 18, 2014, 03:38:54 PM
this really sucks man
wtf is this BS...
Manipulationwtf is this BS...
Sheep
Idiot sellers
China
August 18, 2014, 03:38:19 PM
this really sucks man
wtf is this BS...
wtf is this BS...
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