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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26743. (Read 26609764 times)

legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.

I agree, and I really think the slow to a crawl during the summer months just proves and underlines the fact that the Bitcoin market is still RULED by:

1.  Adolescents that only want to speculate during off-summer periods.  During summer it's all vacations, beers, chasing skirt, and happy fun time.  I bet if we did an honest poll, we'd find that > 90% of all bitcoin holders are under the age of 25.  Also points the the overall maturity level of the existing market (no offense to anyone here).

2.  Whales that only want to speculate during off-summer periods.  "Sell in May and go away."  And without major news on the near term horizon, they know they won't get the run up that they need to make serious money.  We need to keep in mind, that these guys get their insider info way ahead of the rest of the market, often months in advance.

Despite all the seemingly BIG news in the bitcoin investor media, this market is still extremely small.  Ridiculously so.  I mean c'mon, realistically we're still at what, maybe ~1M bitcoin holders worldwide at best?  That's both the good news and the bad news, all rolled into one.   Smiley





ADAM::::: Maybe we need a poll to ask the question of ages of readers of this thread? 

What's your age?

Below 18?

18-21?

22-24?

25-29?

30-39?

40-49?

50-69?

Above 70?

I'm 12... (mentally)
legendary
Activity: 3920
Merit: 11299
Self-Custody is a right. Say no to"Non-custodial"
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.

I agree, and I really think the slow to a crawl during the summer months just proves and underlines the fact that the Bitcoin market is still RULED by:

1.  Adolescents that only want to speculate during off-summer periods.  During summer it's all vacations, beers, chasing skirt, and happy fun time.  I bet if we did an honest poll, we'd find that > 90% of all bitcoin holders are under the age of 25.  Also points the the overall maturity level of the existing market (no offense to anyone here).

2.  Whales that only want to speculate during off-summer periods.  "Sell in May and go away."  And without major news on the near term horizon, they know they won't get the run up that they need to make serious money.  We need to keep in mind, that these guys get their insider info way ahead of the rest of the market, often months in advance.

Despite all the seemingly BIG news in the bitcoin investor media, this market is still extremely small.  Ridiculously so.  I mean c'mon, realistically we're still at what, maybe ~1M bitcoin holders worldwide at best?  That's both the good news and the bad news, all rolled into one.   Smiley





ADAM::::: Maybe we need a poll to ask the question of ages of readers of this thread? 

What's your age?

Below 18?

18-21?

22-24?

25-29?

30-39?

40-49?

50-69?

Above 70?
hero member
Activity: 798
Merit: 1000
What mini bubble is this? I sure dont see any bubbling at the moment.

Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.


Fair enough, my techincal term would be an increase in value but you know, whatever perspective you look at it from Wink

Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
Thanks! Is it already open for general registration? Does is have other options besides BTC x LTC?

No, invite only currently though it doesn't seem too exclusive so an invite shouldn't be hard to find.

No, just CNY, BTC and LTC.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
What mini bubble is this? I sure dont see any bubbling at the moment.

Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.


thats not a bubble, that was the bottom.

just buy a bitcoin Jorge
hero member
Activity: 910
Merit: 1003
What mini bubble is this? I sure dont see any bubbling at the moment.

Well, maybe it is not the right technical term. I mean the one that started on May/20, at ~450 USD/BTC, and is still going on.

Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
Thanks! Is it already open for general registration? Does is have other options besides BTC x LTC?
hero member
Activity: 798
Merit: 1000
Huobi has detached itself from OKCoin over the last few days.  They used to be only 2-3 yuan apart, recently Huobi has been 20 yuan lower or more.

Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day.  (Its record was 353 kBTC on Feb/25.)  Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.

OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much.  It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.

The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC.  AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi.   Maybe some of them were OKCoin clients too.  If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.


What mini bubble is this? I sure dont see any bubbling at the moment.

Btw for your records BitVC is quite a good platform, been there for a day or so testing it out.
hero member
Activity: 910
Merit: 1003
Huobi has detached itself from OKCoin over the last few days.  They used to be only 2-3 yuan apart, recently Huobi has been 20 yuan lower or more.

Huobi's volume has been shrinking too; it was ~20 kBTC/day on average over the last week, only 12 kBTC yesterday (Jul/15) -- whereas in Feb/Mar it typically had more than 50 kBTC/day.  (Its record was 353 kBTC on Feb/25.)  Yesterday's was the lowest volume since the New Year holidays -- excuding the three days May 17--19, the lull just before the sudden start of the current mini-bubble.

OKCoin (which used to be a distant second place to Huobi, a few months ago) has been shrinking too, but not as much.  It has long surpassed Huobi and now has ~40 kBTC/day on average, 22 kBTC yesterday.

The shrinking of Huobi may perhaps be due to the opening of their Hong Kong exchange, BitVC.  AFAIK it only trades BTC against LTC, and is still invitation-only; presumably the largest Huobi clients were invited and are having fun at BitVC rather than Huobi.   Maybe some of them were OKCoin clients too.  If that is teh case, the transfer of BTC from Huobi to BitVC may also be the cause of the current mini-bubble.
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
From what we've witnessed so far, there's a ton of good news that point to the moon direction. Nevertheless, we've also witnessed that bitcoin does whatever it sees fit without program and no prediction. Only a handful of people know exactly when it pumps and you *may* have noticed that they're very very quiet when the time comes.

You know my opinion. Just HODL!
But of course:

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 490
Merit: 500
I think this poll's results indicate a massive sell off at $10000.
Meanwhile... buy buy buy! Grin

the swings in the 4-8K range are gana be something else.

but 10K is easily attainable really... small % of gold looks to buy bitcoin and vola!

Yep, I guess we won't arrive to 10K during the next bubble.
Unless maybe if it happens due to the ETFs and all the big money coming in.
Otherwise we'll have to wait for 2015 to get really excited.
legendary
Activity: 3780
Merit: 5429
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.

I agree, and I really think the slow to a crawl during the summer months just proves and underlines the fact that the Bitcoin market is still RULED by:

1.  Adolescents that only want to speculate during off-summer periods.  During summer it's all vacations, beers, chasing skirt, and happy fun time.  I bet if we did an honest poll, we'd find that > 90% of all bitcoin holders are under the age of 25.  Also points the the overall maturity level of the existing market (no offense to anyone here).

2.  Whales that only want to speculate during off-summer periods.  "Sell in May and go away."  And without major news on the near term horizon, they know they won't get the run up that they need to make serious money.  We need to keep in mind, that these guys get their insider info way ahead of the rest of the market, often months in advance.

Despite all the seemingly BIG news in the bitcoin investor media, this market is still extremely small.  Ridiculously so.  I mean c'mon, realistically we're still at what, maybe ~1M bitcoin holders worldwide at best?  That's both the good news and the bad news, all rolled into one.   Smiley

legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
I think this poll's results indicate a massive sell off at $10000.
Meanwhile... buy buy buy! Grin

the swings in the 4-8K range are gana be something else.

but 10K is easily attainable really... small % of gold looks to buy bitcoin and vola!
hero member
Activity: 490
Merit: 500
I think this poll's results indicate a massive sell off at $10000.
Meanwhile... buy buy buy! Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
fact
Bitcoin cost/value has been plummeting
fact
Its only a matter of time at this point until price corrects in the correct direction
fact
Part of you knows i'm right, next year it wont be 620$... this is why you Hodl!
newbie
Activity: 26
Merit: 0
ya one thing is clear the market is in no rush these days.

Because there is no reason for rush, that is why no rush.

The price just stays about the same, its almost like,,, a currency or something...
legendary
Activity: 2562
Merit: 1064
ya one thing is clear the market is in no rush these days.

Because there is no reason for rush, that is why no rush.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 672
Merit: 500
Maybe it's time that we stop being delusional.
For 6 weeks or so everyone expected a huge break out. I think by now it's clear it's simply not gonna happen. At least not now.
Nothing even slightly points that way either. Really, there is no reason i can think of why we suddenly would go to the moon.
I'm a bull and will always be but i'm starting to cringe every time i see people adjusting their charts and lines and chicken bones to show how we will go up in 2 days from now. You just keep changing the dates and lines because nothing happened at the previous date.
I never seen so many people in denial and simply delusional here before.
I think it's better if you start facing the facts.
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
ya one thing is clear the market is in no rush these days.
hero member
Activity: 672
Merit: 500
Whats going on? It´s going down again when it has to goes up.

All sign on downside, so not expect upside, atleast for a this week.
The problem is that we have no volume at all, so single 1k dump makes price go down alot :/

we are down to 619 from 621...  not too bad for a 1k btc dump imho

Exactly what I'm thinking. It's really not that bad. Just wait until the rush mid next week begins!

What rush?
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