Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27014. (Read 26630545 times)

I was being sarcastic. Just pointing out that no amount of good news will increase the price while a fart can cause a mass sell off.

Yes, sir.

Should the price go to (1)800$ immediately. Would you consider this as an appropriate reaction?

Right, and my point being people do care, a lot of vested interest and time and effort and treasure is being put into the ecosystem, by people that care, that are banking , investing on the fact that when they launch, lots more people will care..
I care a lot more about that, than I do if someone on a forum thinks people care or not, when in fact plenty of people do care..
the connect between the "care" and the price will eventually surface. Not just from these guys but all of the money flowing into developing the ecosystem, there is a lot of care filtering its way down to y'all right now as we speak...

Explanation

http://www.bbc.com/news/world-europe-jersey-27921445

...and no-one cares.

Thank god for Shroomskit, the last sane person on this board!!!!!!!!!!!!!

There is nothing surprising happening - the price action this week was always on the cards, yes because of the auction, as rational or as not as that may be.  I did think we would break the triangle and hit $640 before going into the chop this week... it was pretty obvious that the market was going to be choppy this week and we were in for an interesting week... and also there is expectation amongst some of an impending rally, actually this auctions timing was a little bit annoying in that respect adding noise to the market.

But as with all markets, they move and as always , in every market in the world, no one, and I mean no one knows all of the time what is going to happen, if they did, that particular market would no longer be a market.
People can have ideas, markets can have fundamentals and momentum and trends behind them which may give clearer signals at certain times, but no one knows for certain what will happen.

But July is 100% defo for certain going to be "interesting" I just "know" it but what exactly that means in terms of an actual $ value who knows

His point was, no one is buying up bitcoins like crazy because of this rumor.  Hell, no one is buying up bitcoins like crazy over any good news right now, and they haven't been for months.  So no, he's not delusional.

I do 

ShroomsKit is delusional

Of course they do.

Despite the correction, swaps continue to grow. I have the feeling that we need a bigger one to clear the risky longs and deleverage the market.

 

What fantasy world you idiot?
Do you see me anywhere screaming how we will go to 1000+ by next month?
We've had 6 months of bad things. All i'm saying 1 month without would be nice.
Say hello to the other idiots ony ignore list. Bye.

Notice that no one has even tried to give answers to your direct questions, except "blah blah blah thinly traded market blah blah blah market forces blah blah blah waiting on auction results blah blah blah."  It's because no one really has a fkn clue what is going on, and they just need some event horizon to point to and say definitively "That there is the reason that this market is confused!  I'm right, and everyone else is wrong!"

Here's a more plausible explanation of the past several weeks:

This silly immature Bitcoin market is still 80-90% dominated by pimply-faced teenagers and know-it-all nerdy 20-somethings, and all the teenagers/20-somethings went on summer break and forgot all about bitcoin.  They stopped buying bitcoins, and only really care about buying more bitcoins when bitcoin is going up. If it's not going up or rallying, they really don't care to have their money locked up in anything.  They also sold their bitcoins because a) bitcoin price is not doing anything right now, b) they can't day trade not enough volatility, and c) because they need their $100 for summer vacation to go party with.  So the few whales left in the summer market are taking full advantage of the lack of buyers, and selling the market down lower.  These whales will use any FUD they can drum up (including this stupid SR auction, the latest stupid FUD) to drive the price lower, and without the teenagers/20-somethings buying more coins during the summer months, the price will fall lower.  Nothing will change until fall, when the teenagers/20-somethings come back from summer break and start buying bitcoins again.

Now do I really believe everything I just wrote?  Maybe. Partially. Not totally.
But is it just as plausible an explanation as any of the other 1000 made up explanations for the market confusion presented on this sub forum?  Without a doubt, yes.

And that there is the whole point: no one has a clue, and everyone is just talking out of their ass.

 

No one cares.

everything can't go great, some bad things MUST happen. I don't know if you ShormKit understands this. Step out of your fantasy world. Bitcoin will rise, let it take its time.

Has this been here already? Just a rumor, but still this is HUGE.

http://nypost.com/2014/06/25/its-david-vs-goliath-in-race-to-launch-nys-first-regulated-bitcoin-exchange/

Maybe....  been kind of looking forward to July for sometime.. lets see what happens

edit: There is SURE to be China bans bitcoin at least 2 or 3 times in July  

edit edit: probably 2 or 3 times in the first week