Smart money accumulates and holds.
That's why he managed to go from 2 BTC to 1 BTC in a single day with 6 trades.
People should read this: https://bitcointalksearch.org/user/shroomskit-95072
It's the most hilarious thread on this entire forum.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26546. (Read 26607490 times)
July 31, 2014, 05:36:03 AM
That's why he managed to go from 2 BTC to 1 BTC in a single day with 6 trades.
People should read this: https://bitcointalksearch.org/user/shroomskit-95072
It's the most hilarious thread on this entire forum.
July 31, 2014, 05:30:12 AM
Smart money accumulates and holds.
July 31, 2014, 05:27:27 AM
Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.
Agreed.
Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up.
All they see is previous buyers losing money.
What we have here is:
No new buyers.
No amount of good news will make the price go up.
Any slightly bad news will cause a crash.
No increased user adoption.
Lots of people getting out.
This was gonna be the year of Bitcoin. It simply failed.
It won't magically go up again. There is no reason why it would.
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going on but the price simply doesn't want to go lower. So up is the way we go!
smart money
July 31, 2014, 05:23:57 AM
This buying is very unusual. Someone or a group of people have been consistently and regularly buying for the past 4 hours now. 555.9 on Stamp might be the turning point.
...Willy?
No thanks.. jesus is this the right forum... oh yah...
July 31, 2014, 05:20:42 AM
So now that all Silkroad coins have been liquidated, can we keep on choo choo'ing to da moon please? 
That was just the coins held on the server, wait till they liquidate Ulbrichts stash
July 31, 2014, 05:11:06 AM
And now I see that wikipedia is finally taking bitcoin?
Come on bulls!
Come on bulls!
Yeah just noticed that. Great news. That's why we went down because of all the idiots who's trading 101 book says "sell on the news".
July 31, 2014, 05:09:01 AM
So now that all Silkroad coins have been liquidated, can we keep on choo choo'ing to da moon please?
July 31, 2014, 05:08:44 AM
The training is loading up.
July 31, 2014, 05:04:48 AM
watching infomercials ... err certain professionals are stating 5k/oz gold in the next stock market crash..
July 31, 2014, 05:04:28 AM
Bitcointalk.org: from panic to ecstasy
I already have some BTC, and hoping that we will go up for a few days at least, for me it's a choice between dumping it all for a good price or long-term waiting for a journey to the moon. It's really hard to decide when one day you see people foretelling our doom and another day the same scaremongers are suddenly sure we go up. Oh, my goddess.
I already have some BTC, and hoping that we will go up for a few days at least, for me it's a choice between dumping it all for a good price or long-term waiting for a journey to the moon. It's really hard to decide when one day you see people foretelling our doom and another day the same scaremongers are suddenly sure we go up. Oh, my goddess.
July 31, 2014, 05:01:03 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Not too sure why you have changed your mind from Bear to Bull within hours just because we have seen a small rebound. To me this looks like another Bull trap before going lower...
Atleast it's good, he changed his mind according to market movement, otherwise emotional trading will be worst case of loosing money.
But he is acting very emotional and it looks like that he lost something.
July 31, 2014, 05:00:23 AM
And now I see that wikipedia is finally taking bitcoin?
Come on bulls!
Come on bulls!
July 31, 2014, 04:59:57 AM
July 31, 2014, 04:59:27 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Not too sure why you have changed your mind from Bear to Bull within hours just because we have seen a small rebound. To me this looks like another Bull trap before going lower...
Atleast it's good, he changed his mind according to market movement, otherwise emotional trading will be worst case of loosing money.
He just wanted to take the focus away from Jorge, shroomsy was getting very upset about the pages dedicated to him so decided to play the role of an emotional trader to get you all talking about him instead
July 31, 2014, 04:58:54 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Not too sure why you have changed your mind from Bear to Bull within hours just because we have seen a small rebound. To me this looks like another Bull trap before going lower...
agreed. i think the volume of support will be so large that no one can doubt the bottom is in..at the moment it is not. down to $540 we must go.
July 31, 2014, 04:57:48 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Not too sure why you have changed your mind from Bear to Bull within hours just because we have seen a small rebound. To me this looks like another Bull trap before going lower...
Atleast it's good, he changed his mind according to market movement, otherwise emotional trading will be worst case of loosing money.
July 31, 2014, 04:57:35 AM
This bear market is just.......FFS
July 31, 2014, 04:55:14 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Not too sure why you have changed your mind from Bear to Bull within hours just because we have seen a small rebound. To me this looks like another Bull trap before going lower...
July 31, 2014, 04:52:32 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Very little volume so far, so I think 540 re-test more likely, eventually. And how we react (if and) once we get there will be a good indicator of things to come.
July 31, 2014, 04:48:44 AM
To buy, or not to buy: that is the question.
Obviously we will go up from here. There was quite some selling going but the price simply desn't want to go lower. So up is the way we go!
Stop talking, you lost all your credibility yesterday.
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