Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27172. (Read 26710270 times)

I just bought some coins at $555, I think we're going up from here. If we break convincingly below 530 on Stamp I will take my losses.

The difference between bulls and bears in runups or crashes is that bulls laugh about bears and insult them whereas bears mostly just laugh about Bitcoin.

Dont you think its normal phenomena, when we going upside we talk about only upside and when we going downside then its same we talk only downside.

I am not sure what you mean, but: from all I have read, I am quite convinced that the November rally was entirely due to demand in the Chinese exchanges.  Ditto for the December crash and partial recovery, the decline from February to April, the stagnation in May, and the the mini-rally a couple weeks ago.  Not sure yet about the current decline, but it seems to have coinided with a new push to cut out the remaining channels of yuan deposit to the exchanges.  

I don't know how many coins are still in the hands of Chinese speculators and investors, but, if the markets there were to close and those coins returned to the Western market (which they probably would, since speculation seems to be the last significant utility of bitcoin in China), I am quite convinced that the price would drop to somewhere between 80$ (an estimate of where it would be if China had never entered the game) and 350$ (which it briefly reached after one of the PBoC scares).

As for Mr. Lee's claims: his exchange BTC-China used to have the largest volume in China until the December crash. Since that time it has become insignificant, while Huobi, OKCoin, and the other Nameless Ones became dominant.  (Huobi in particular seems to have bumped its volume just when BTC-China suddenly lost theirs).  I watched that video and heard the claims, but did not see the evidence. His being elected to the board of the Shrem Karpelès & Friends Foundation, together with Mr. Pierce, did not help convince me.

Explanation

buhahaha, all the bears already talking about 300~400, and they didnt break not even the 540 support yet. at the weekend day.

This has nothing at all to do with the FBI Coins. !

There's alot going for BTC right now. I dont see the news about FBI really affecting the market anymore than this. If anything it should be seen as positive. Since the US government has once again accepted BTC.

GHashinese Torpedo hits USS Bitcoin. Lot more to come! Admiral Finex already wounded!

Yes long term. This Has Been Established and tested many times since last year. Of course short term there are higher support levels.

Are you talking about a buying wall? If we get there the market will be totally different and the buying wall may not be there anymore

There are hopfeully other support before 400-420$

GJ tards, keep on buying.
Poor noobs which didn't sell partially above 650$.
Allready 110$ profit per coin. Buying all the way down is allways fun.

Bottom will be between 350$ (unlikely) to 475$.

Major major support at $400-420

bitfinex below $550
 

Price will stop to 530$, then will rise up

I don't think that price will drop more of 530$

Whenever a new horde of people enter the arena, the old scares will come up again. Bitcoin will have to be volatile for a long time.

nice finex! 

Explanation

its a bit twitchy

BUY, BUY, BUY and HODL