I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible...
If anyone would explain why it went up from 450$ to 650$ between May/20 and Jun/06, then we could begin to discuss what could cause it to drop back again. Or whether it is possible that it will do what it already did on Apr/11. 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26461. (Read 26609457 times)
August 09, 2014, 05:54:59 AM
August 09, 2014, 05:49:27 AM
I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north!
Maybe we are stuck in this upper $500s to lower $600s for a reason - and that is that there is just NOT enough people willing to sell into the lower $500s anymore... and in that regard, it just does NOT seem too likely that BTC prices are going into the lower $500s anymore absent some pretty big time negative news.
I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible... Maybe he is just saying $470 to troll us - b/c he really does NOT believe $470 is in the realm of real probabilities?
big miners sell no matter what.
they will sell it for 300 if needed to cover the electricity.
August 09, 2014, 05:47:03 AM
I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north!
Maybe we are stuck in this upper $500s to lower $600s for a reason - and that is that there is just NOT enough people willing to sell into the lower $500s anymore... and in that regard, it just does NOT seem too likely that BTC prices are going into the lower $500s anymore absent some pretty big time negative news.
I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible... Maybe he is just saying $470 to troll us - b/c he really does NOT believe $470 is in the realm of real probabilities?
If we fail to breakout next week that is.
Fundamentals: recent news were good (Dell, etc), but I'm afraid the Bitlicense might have scared a lot of people.
Also, the volume during the june rebound was generally low and it was all kinda weak.
Next week we'll see.
August 09, 2014, 05:39:27 AM
I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north!
Maybe we are stuck in this upper $500s to lower $600s for a reason - and that is that there is just NOT enough people willing to sell into the lower $500s anymore... and in that regard, it just does NOT seem too likely that BTC prices are going into the lower $500s anymore absent some pretty big time negative news.
I mean, I do NOT even know where Risto is getting this $470 from .. or even imaginging that $470 is possible... Maybe he is just saying $470 to troll us - b/c he really does NOT believe $470 is in the realm of real probabilities?
August 09, 2014, 05:26:07 AM
I hope it goes to 470 to give a gleaning point.
As much as I'd hate to see Bitcoin go to the $400s again, I also think that this would we a much needed fresh start, to be honest... Although I'd much rather see a nice breakout from where we are now, to up north!
August 09, 2014, 04:59:47 AM
August 09, 2014, 04:20:29 AM
Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet.
hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!
do you have the means to check this? If so I would like to kindly ask you to do so.
+1... I would like to second that and to "kindly ask" you to check into the matter.... and report back to us...
August 09, 2014, 04:17:51 AM
Looking good. I mean, for those people who are wanting to buy.
Yeah, looking like it.
100% retrace and then some on that pump. I guess it was just a short squeeze after all. Damn..... life of a bagholder.
What kind of a bag holder are you? Hopefully BTC!!! Much better to be in BTC than in fiat... just need a little patients.. could be one day or could be six months. Yet, in the end, it is going to be better to be a "bag holder," so long the bag that your holding contains BTC rather than fiat.
August 09, 2014, 04:12:30 AM
I hope it goes to 470 to give a gleaning point.
490 usd is my avg buy in.. 470 means I have to exhaust fiat cannons. However I can't see that happening.. it would be a really organized manipulation at this point.. the market seems really stuck in this band.
August 09, 2014, 04:11:02 AM
Next week should be interesting
been hearing that since beginning of the year basically ;-)
Two weeks ago was another great breakout point, and we broke down, so if you would have sold as soon as we started to go down, you would have made a great trade
I am looking to do the same next week. Waiting if we breakout or break down and buying or selling accordingly
August 09, 2014, 04:10:33 AM
I hope it goes to 470 to give a gleaning point.
August 09, 2014, 04:07:18 AM
Next week should be interesting
been hearing that since beginning of the year basically ;-)
August 09, 2014, 04:06:32 AM
Next week should be interesting
been hearing that since beginning of the year basically ;-)
August 09, 2014, 04:04:20 AM
Next week should be interesting
Around the 14th-21th August we will be at a breakout point. Great opportunity to make a profitable trade by buying or selling if we breakout or break down
Around the 14th-21th August we will be at a breakout point. Great opportunity to make a profitable trade by buying or selling if we breakout or break down
August 09, 2014, 04:02:23 AM
Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet.
hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!
do you have the means to check this? If so I would like to kindly ask you to do so.
Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.
A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.
i wouldn't put it past them to get a jump on the fall, by accumulating all summer and if the hording phase and or bull run comes on the profit taking shall be glorious.
August 09, 2014, 03:59:49 AM
August 09, 2014, 03:27:33 AM
Minor technicality: I would NOT call 3,600 BTC daily as almost 4k BTC daily.
I am inclined to think that the overwhelming majority of mined coins move exactly once, at this point. I should check. If I am right it is indicative of price suppression on the exchanges to get good marks for buying virgin coin on contract. Which in turn is indicative of a massive bubble imminent. But I haven't checked yet.
hey, cool! that would indeed be a good indication of the hypothesis (miners sell directly) being correct!
do you have the means to check this? If so I would like to kindly ask you to do so.
Ive mentioned it a couple of times on the forum already today, but I have it through very good sources that the majority of large miner coins that are being sold are being sold off exchange for a point or two premium by hedge funds.
A large miner recently confirmed that he had had several calls put into him by hedge funds looking to buy every coin he had. If they are tracking him down, their tracking others down as well. I think this is one of the reason selling has practically dried up relative to what it used to be. Big money is desperate not to have the price run up.
August 09, 2014, 03:13:26 AM
the overwhelming majority of mined coins... a massive bubble imminent.
inside the SEC... bread is buttered... bull move.
Aminorex, you keep talking about these optimistic scenarios involving mined coins, the sec and I don't know what comes nextIf [thing 1] then--> Bull run!
If [thing 2] then--> Bull run!
August 09, 2014, 03:12:12 AM
edit
The first large spike should be shifted a bit to the left to match up with the 1st huge selloff.
You are trying to say that the selloff is corelated to the bitcoin days destroyed or am I missing something here?
Ya. Old coins raced to sell off into +800. Basically it helps me be optimistic we aren't in for a huge dump.
August 09, 2014, 02:59:47 AM
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