Explanation
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26940. (Read 26719597 times)
July 04, 2014, 10:00:32 AM
July 04, 2014, 09:53:11 AM
Risk phamplet from UA. Note last one:
E31 Should VC's gain widespread acceptance, central bank as issuer of FC can no longer steer the economy, as the impact of its monetary measures become difficult to predict.
E31 Should VC's gain widespread acceptance, central bank as issuer of FC can no longer steer the economy, as the impact of its monetary measures become difficult to predict.
July 04, 2014, 09:12:23 AM
Quote
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
O M G O_o
most bullish news EVER!!!!
Agreed, totally amazing news. It basically just shows that they are going to have to adapt at some point. We've gone from Europe saying its not a worry because it's not a big economy, to "Shit, we better actually say something useful"
Quote
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
"...rules which will heavily restrict, bureaucratise and tax any crypto holdings you may have (apart from ones you already hold)."
There are lots of ways to interpret this.
Here's another...
Quote
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL...WE INVEST HEAVILY
July 04, 2014, 09:12:06 AM
Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
We need to squeeze those longs, free some money up.
I only read you, Shrooms for the quote, because you are ignored some time ago. You seriously should try yoga, meditation, spending time in the beach/mountain. Your post reflex you are having a really bad time, day by day. Stop worring. Breathe. Go nature. It will fix itself.
But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
July 04, 2014, 09:07:51 AM
europe banned bitcoin ? 
No, Europe did not and will never ban bitcoin.
They just warned banks that they should not deal with bitcoin because it's too risky.
They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.
As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.
Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.
That reads exactly like the Chinese bans at the beginning
Better sell your bitcoin then
I've sold it earlier today. I don't really think this correction is related to this news - it started because people spent all their USD during the good news carnival. After the rally started to lose steam people realized that they might lose their profits and started locking in. It is all the time like this.
But nevertheless what I quoted reads exactly like the Chinese bans last year.
July 04, 2014, 09:00:31 AM
July 04, 2014, 08:59:57 AM
The sad truth is, Shrooms is more right than wrong. But this is obviously the wrong thread to expect any support.
Daytraders are basically parasites, who bring nothing productive to the world, while leeching on 'organisms' until it dies or becomes too stable/big to be profitable.
It's their choice of life, you can only hope some day the price shoots up by a great amount and they are left holding fiat at the time.
In the meantime, enjoy wasting your life staring at screens all day.
Daytraders are basically parasites, who bring nothing productive to the world, while leeching on 'organisms' until it dies or becomes too stable/big to be profitable.
It's their choice of life, you can only hope some day the price shoots up by a great amount and they are left holding fiat at the time.
In the meantime, enjoy wasting your life staring at screens all day.
July 04, 2014, 08:52:20 AM
Quote
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
O M G O_o
most bullish news EVER!!!!
Agreed, totally amazing news. It basically just shows that they are going to have to adapt at some point. We've gone from Europe saying its not a worry because it's not a big economy, to "Shit, we better actually say something useful"
July 04, 2014, 08:50:35 AM
Quote
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
O M G O_o
most bullish news EVER!!!!
July 04, 2014, 08:48:01 AM
Quote
EUROPEAN BANKING AUTHORITY ADVISES BANKS IN EU NOT TO BUY, HOLD OR SELL VIRTUAL CURRENCIES LIKE BITCOIN UNTIL NEW RULES IN PLACE
O M G O_o
most bullish news EVER!!!!
July 04, 2014, 08:43:05 AM
But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
My thoughts always gravitate to it being mostly to do with people just making a bit of extra money but more importantly more coins.
There are very few investments where you aren't trying to come out with a bigger pile of fiat, in general when you trade a normal stock you tend to buy a position and then sell (or buy if you were short) and leave with the profit.
With Bitcoin however people are trying to make more of the 'stock' than fiat (obviously a generalization but can you draw any parallels?) a lot of people are also all in in terms of how much they are willing to invest, to make more BTC and not more fiat without leverage you have to sell and buy back at a lower price. I seriously think this is one of the reasons people are so willing to sell their BTC for the chance to buy it back lower even though the majority of them would have been better to buy and hold.
Short answer, bad judgement: people trying to read the market and accumulate more, probably just coming out worse by giving their coins to others?
Sad world.
Edit: don't know why this surprises me. Short-term thinking is everything wrong with capitalism and the financial sector, and I guess it's what characterises a 'weak hand' in the first place.
July 04, 2014, 08:39:28 AM
europe banned bitcoin ?
No, Europe did not and will never ban bitcoin.
They just warned banks that they should not deal with bitcoin because it's too risky.
They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.
As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.
Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.
That reads exactly like the Chinese bans at the beginning
Better sell your bitcoin then
July 04, 2014, 08:36:00 AM
europe banned bitcoin ?
No, Europe did not and will never ban bitcoin.
They just warned banks that they should not deal with bitcoin because it's too risky.
They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.
As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.
Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.
That reads exactly like the Chinese bans at the beginning
July 04, 2014, 08:32:24 AM
But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
My thoughts always gravitate to it being mostly to do with people just making a bit of extra money but more importantly more coins.
There are very few investments where you aren't trying to come out with a bigger pile of fiat, in general when you trade a normal stock you tend to buy a position and then sell (or buy if you were short) and leave with the profit.
With Bitcoin however people are trying to make more of the 'stock' than fiat (obviously a generalization but can you draw any parallels?) a lot of people are also all in in terms of how much they are willing to invest, to make more BTC and not more fiat without leverage you have to sell and buy back at a lower price. I seriously think this is one of the reasons people are so willing to sell their BTC for the chance to buy it back lower even though the majority of them would have been better to buy and hold.
July 04, 2014, 08:32:11 AM
Huge pumps! The 800$Bus is leaving soon.
July 04, 2014, 08:31:15 AM
Good morning bitcoin!
hmmm should i buy now or save ammo if we should go lower...
hmmm should i buy now or save ammo if we should go lower...
b-b-but muh $800....
ya i know
i''m just THAT GREEDY
July 04, 2014, 08:31:01 AM
europe banned bitcoin ?
No, Europe did not and will never ban bitcoin.
They just warned banks that they should not deal with bitcoin because it's too risky.
They do not even say banks aren't allowed to use it, they just advice against it, and only for banks.
As always, bitcoin price overreacts heavily to news that sounds bad (even if it's not bad news, banks did not care about bitcoin in the first place). And it does nothing to reflect all the good news lately.
Even more reason to believe the price will soon skyrocket, because we have been ignoring the developments of the past few months completely.
July 04, 2014, 08:27:51 AM
Good morning bitcoin!
hmmm should i buy now or save ammo if we should go lower...
hmmm should i buy now or save ammo if we should go lower...
b-b-but muh $800....
July 04, 2014, 08:26:51 AM
Good morning bitcoin!
hmmm should i buy now or save ammo if we should go lower...
hmmm should i buy now or save ammo if we should go lower...
July 04, 2014, 08:25:16 AM
Who would've guessed. Best week ever. Nothing but amazing news.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
One fuddish news article and down we go.
Seriously how are we ever supposed to go up again if amazing news does nothing and any slightly negative news and it's dump fest.
This current dumping was so expected. They were just waiting for an excuse. Really anything could've done it.
It's all about fear and panic. It's what everyone is waiting for. All day they hoover their finger over the sell button thinking "can i dump already". Then they read a headline "bank EU warning" and bam! Dump!
So sick of it.
I totally understand why new people are afraid to buy. They see that anything, really anything causes people to dump. I wouldn't buy at these levels. I wouldn't advise my friends to buy.
We need to squeeze those longs, free some money up.
I only read you, Shrooms for the quote, because you are ignored some time ago. You seriously should try yoga, meditation, spending time in the beach/mountain. Your post reflex you are having a really bad time, day by day. Stop worring. Breathe. Go nature. It will fix itself.
But seriously - the dumps and hesitancy to rise despite all the good news. There has got to be a limit to the amount sellers can sell (weak hands, strong hands argument).
So what is going on? Where are all the sellers coming from? Twitchy day-traders or early adopters with big stashes taking advantage of better liquidity?
Anyone have any insights, ideally backed up with some evidence like days destroyed or exchange data?
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