Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27016. (Read 26634088 times)

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  

One month without FUD, China, Ghash and other drama would be so nice. But you can be almost sure we'll find something new to panic about. Another deadline that means absolutely nothing.

This week has been "interesting" thus far.

July is going to be very interesting methinks.

Also i wonder you mention below or above market price. Is that the price the minute the auction closes?The price it was when the bids had to be in? The price on Stamp or somewhere else? Who decides what the market price actually is?

Could it be that noone really has a clue?

I realize that. It just amazes me how extreme the market responds to this.
Personally, the way things are going i don't see a rally happening. If the outcome is good (whatever that is) nobody will care and it turns out to be minor event, it the outcome is "bad" people will dump because "omg this is horrible!".

Explanation

Yeah welcome to the speculation subforum. If you want hard facts you should consider visiting a different forum.

So wrong... if folks get out of alts, either nothing happens or BTC drops due to selling pressure. 2 options.
1) Get out of alt and keep BTC - no impact on BTC/USD
2) Get out of alt and sell BTC - increased sell pressure on BTC - likely drop BTC/USD

THE ANSWER TO ALL OF YOUR QUESTIONS = (including the bitcoin price in 2015)



 

Indeed. I'm sure someone will turn it in a reason to dump.

Ok thanks. I understand what you are saying and it might be possible. It's just a lot of guessing and if's and maybe's.

Yes, this is excellent news!

A rally might happen because the parties who were outbid on the auction may look elsewhere to get their coins and add to the buying pressure, also the media attention could bring in more people. And there may be forces at work the past weeks to keep the price down to get a better price on the auction, and those forces will disappear after the auction which could also spark a rally as selling pressure suddenly vanishes.

A dump might happen if those coins were bought way below market making people nervous about a dump and wondering whether currently Bitcoin is overvalued. This could easily snowball into a sell-off.

But there are many other factors at work at the same time as well, the auction isn't the only thing that determines whether we will see a rally or a dump.


Bitcoin is a thinly traded market and thus a few million dollars can easily move the price around in whatever direction. The auction attracts parties who have many millions of dollars lying around so it's not hard to believe that some of these parties will keep a tight grip on the market until the auction is over. Even the possibility of this will just keep the market obsessed about it until this is over. At least that is my opinion.

Markets are often/partly motivated by fear and greed, and by the ever interlinked and pesky micro economics of each individual participant within the market. Speculative markets at times are, or appear irrational because they are based on emotion at their core and emotions are irrational. Some people understand this and use that knowledge.

Timing and risk mitigation is everything for speculators... meanwhile ......

Fear and greed, bulls and bears, pigs and whales ...............and ecosystems.

Meat and bone – the market churns on.

I completely agree with this. So that's why i ask these questions. Because it doesn't make sense.