Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26555.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

Quote from: hyphymikey on July 30, 2014, 08:42:51 PM

It seems to be all manipulation attempts with no panic selling. To do it right you need to have fake bad news and then dump to create panic and buy in cheaper. You don't just sell for the fuck of it. Silly manipulator.

It kinda looks like a bottom
It kinda smells like a bottom

Why am I not convinced this is the bottom?

hmmmstrange

hero member

Activity: 669

Merit: 500

683 last high, 20% down to 545 would officially put us in a bear market again.

hyphymikey

hero member

Activity: 784

Merit: 1000

Bitfinex interest rates are getting lower and the amount of longs remains the same. At least these sellers are doing something right... Oh and giving everyone cheap coins too.

Junkbarman

full member

Activity: 168

Merit: 100

Quote from: JayJuanGee on July 30, 2014, 08:22:18 PM

Quote from: Junkbarman on July 30, 2014, 08:01:10 PM

Quote from: JayJuanGee on July 30, 2014, 07:58:41 PM

Quote from: adamstgBit on July 30, 2014, 07:12:41 PM

this could be the reason for the drop in price the past few day?

https://www.youtube.com/watch?v=A6dboY9FtDo

"BitLicense"

I guess i missed this news when it came out.

so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? )

THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal.

Doesn't NY limit the size soda drinks you can buy too? I don't see Coke and Pepsi stock dropping

That Soda restriction legislation news got a lot of press, too, but I think in the end that legislation did NOT withstand the test of time.

But, back to NY bitcoin legislation, it seems too preliminary to be having such a negative impact on the BTC price - even though rumors do have negative impacts.. .

Won't you have a Pepsi?

hyphymikey

hero member

Activity: 784

Merit: 1000

It seems to be all manipulation attempts with no panic selling. To do it right you need to have fake bad news and then dump to create panic and buy in cheaper. You don't just sell for the fuck of it. Silly manipulator.

ShroomsKit

hero member

Activity: 672

Merit: 500

Quote from: Davyd05 on July 30, 2014, 07:35:13 PM

Best part is we chased Tera away, and I swear she was calling for this before she left. Shout out to TERA

Tera said we would go down?

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: empowering on July 30, 2014, 08:08:20 PM

a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway

http://youtu.be/QvsQ9hYKq7c

I liked that, but I thought this was the official bitcoin anthem: https://www.youtube.com/watch?v=XfuBREMXxts

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on July 30, 2014, 08:12:05 PM

Quote from: JayJuanGee on July 30, 2014, 08:07:12 PM

Quote from: vuduchyld on July 30, 2014, 07:09:31 PM

Quote from: DjPxH on July 30, 2014, 06:59:17 PM

Quote from: JayJuanGee on July 30, 2014, 05:18:06 PM

Quote from: DjPxH on July 30, 2014, 05:02:51 PM

Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! Grin

How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower.

To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level.

Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt.

When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell.

BTW: I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little.... continuously with much of my spare BTC allocated fiat.

However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings... My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then. I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015... Then have to go to plan B.... ..

don't leverage if you have the funds to finance your buying yourself. why pay the interest if you don't have to?

The amount was $20k, and the interest was $800 for the whole period from about May 2014 to September 2015. I think that it was a good idea, but I understand what you are saying regarding potential issues with leveraging.

shmadz

legendary

Activity: 1512

Merit: 1000

@theshmadz

When price is going down is always best time for this song...

http://youtu.be/WMQg546agpU

Feel free to dump, I'm still buying.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Junkbarman on July 30, 2014, 08:01:10 PM

Quote from: JayJuanGee on July 30, 2014, 07:58:41 PM

Quote from: adamstgBit on July 30, 2014, 07:12:41 PM

this could be the reason for the drop in price the past few day?

https://www.youtube.com/watch?v=A6dboY9FtDo

"BitLicense"

I guess i missed this news when it came out.

so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? )

THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal.

Doesn't NY limit the size soda drinks you can buy too? I don't see Coke and Pepsi stock dropping

That Soda restriction legislation news got a lot of press, too, but I think in the end that legislation did NOT withstand the test of time.

But, back to NY bitcoin legislation, it seems too preliminary to be having such a negative impact on the BTC price - even though rumors do have negative impacts.. .

Richy_T

legendary

Activity: 2576

Merit: 2267

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Torque on July 30, 2014, 04:48:06 PM

Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years! Great job!

It;s musical chairs. Shrooms becomes Fonzie, Torque becomes Shrooms... Who next?

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: hdbuck on July 30, 2014, 08:06:45 PM

Quote from: empowering on July 30, 2014, 07:47:44 PM

560/2 ...Could it be?

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: kireinaha on July 30, 2014, 07:49:32 PM

Just a reminder to all less experienced speculators out there: never throw good money after bad.

True.

Just remember which money lost more than 99% of its value compared to the other over the last few years as you perform this analysis.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: hdbuck on July 30, 2014, 08:06:45 PM

Quote from: empowering on July 30, 2014, 07:47:44 PM

560/2 ...Could it be?

day dreamers...

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: kireinaha on July 30, 2014, 07:49:32 PM

Just a reminder to all less experienced speculators out there: never throw good money after bad.

What's that supposed to mean? Sounds a bit shallow and stupid to me, and it is trying to suggest that BTC is NOT a good investment, no?

I believe continuing to buy BTC under $1,000 is a good value - and the more BTC is below $1k the better the value in purchasing it..

Certainly, I am NOT going to want to pay $1k today, when I can get it for $563.82 (as I type). ... but I am ONLY going to buy so much of it in the $5xx range b/c I going to attempt NOT TO over-leverage myself.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: JayJuanGee on July 30, 2014, 08:07:12 PM

Quote from: vuduchyld on July 30, 2014, 07:09:31 PM

Quote from: DjPxH on July 30, 2014, 06:59:17 PM

Quote from: JayJuanGee on July 30, 2014, 05:18:06 PM

Quote from: DjPxH on July 30, 2014, 05:02:51 PM

Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! Grin

How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower.

To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level.

Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt.

When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell.

BTW: I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little.... continuously with much of my spare BTC allocated fiat.

However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings... My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then. I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015... Then have to go to plan B.... ..

don't leverage if you have the funds to finance your buying yourself. why pay the interest if you don't have to?

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: justusranvier on July 30, 2014, 07:26:47 PM

On the bright side, the page count in this thread hit an all time high today.

hehehehe

I believe those page dumptertards have long given up.

empowering

legendary

Activity: 1078

Merit: 1441

Quote from: adamstgBit on July 30, 2014, 08:03:59 PM

Quote from: JayJuanGee on July 30, 2014, 07:58:41 PM

Quote from: adamstgBit on July 30, 2014, 07:12:41 PM

this could be the reason for the drop in price the past few day?

https://www.youtube.com/watch?v=A6dboY9FtDo

"BitLicense"

I guess i missed this news when it came out.

so apparently Bitcoin is pretty hard to use to buy small things in NY ( you have to give allkinds of info to buy anything with bitcoin in NY? )

THAT proposed regulation is at the 45 day public comment period. Accordingly, it is still only a proposal.

who cares tho.

bitcoin is not usefull because a NYer can buy coffee with it

bitcoin is usefull because a Zimbabway man can sell coffee for it.

NY be damn.

a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway

http://youtu.be/QvsQ9hYKq7c

In the jungle, the mighty jungle
The lion sleeps tonight
In the jungle, the quiet jungle
The lion sleeps tonight

a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway a Zimbabway

Ha ha .... when Bitcoin goes nutz I am going to blast this out

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: vuduchyld on July 30, 2014, 07:09:31 PM

Quote from: DjPxH on July 30, 2014, 06:59:17 PM

Quote from: JayJuanGee on July 30, 2014, 05:18:06 PM

Quote from: DjPxH on July 30, 2014, 05:02:51 PM

Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! Grin

How would you know if posters here are buying or NOT? I'm sure some posters here are buying (and of the belief that you should buy while the prices are going down... or at least attempting to buy most at the lowest price point - without missing the boat). I bought some at $575, and I did NOT know whether prices would go lower, and then I will likely buy some more at $550 or so,,, and maybe at other points... depending on the passage of time and whether BTC prices go lower.

To be honest, I believe that a lot of people around here already maxxed out their allotment which they allow themselves to invest in BTC. Some may even be well above a reasonable level.

Yeah, that is the problem. Too many young and/or inexperienced participants in this market. I have to chuckle when most people talk about "fundamental analysis" here because it doesn't apply in the traditional sense. BTC is the epitome of a speculative play. It could go way up or way down. It moves independently of news. There is no balance sheet and no history of earnings to analyze. Yet people are over-invested and over-leveraged to the hilt.

When I go to bed tonight, I will sleep well. When I wake up, if the price is lower, I will buy more. I don't care if it is $540, $520, $400, or even lower. If people can't say the same, they should lighten their load. But not now. Bad time to sell.

BTW: I believe that I do NOT fit your definition of someone who is over-invested in BTC b/c I am still continuing to increase my holdings in BTC... little by little.... continuously with much of my spare BTC allocated fiat.

However, in the interest of broader disclosure, I do have some leveraging of my bitcoin holdings... My holdings are leveraged over about 16 months (until September 2015)... ... so the NOTE will be due then. I do have a back up source of money to pay off the leveraged amount, in the event that BTC is NOT performing adequately by September 2015... Then have to go to plan B.... ..

hdbuck

legendary

Activity: 1260

Merit: 1002

Quote from: empowering on July 30, 2014, 07:47:44 PM

560/2 ...Could it be?

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26555. (Read 26607949 times)