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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27236. (Read 26708363 times)

hero member
Activity: 812
Merit: 587
Space Lord
Wall Steet welcomes bitcoin in 2014: Secondmarket CEO

http://www.cnbc.com/id/101750918
legendary
Activity: 2380
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2338
Merit: 1035
Yea, actually I just took a second look at the charts and I think a retracement to 560-580 is still very possible

No smooth sailing yet unfortunately, just have to wait a little bit longer Wink
got a few stacks coming in though so won't feel too bad Grin
hero member
Activity: 812
Merit: 587
Space Lord
What are you talking about? We're not dropping lower then 600

I think we could see consolidation here around 610-650 for the whole fucking month

Let it be known!




Probably won't happen as you think... Although, wouldn't be bad.
legendary
Activity: 1512
Merit: 1000
@theshmadz
based on a potential fractal I noticed.

please tell me this fractal is from 2012  Grin



seriously, just add a couple zero's onto those prices and boom! it's like time travel!  Grin
zby
legendary
Activity: 1594
Merit: 1001
Have you guys noticed how rallies precede good news - not the other way around?
sr. member
Activity: 270
Merit: 250
hero member
Activity: 812
Merit: 587
Space Lord
You can't deny the price is dropping though.
hero member
Activity: 784
Merit: 1000
I don't plan on subtracting from or adding to my position until I see which way it breaks from ~$600 in July/August.

Haha, you are funny!
hero member
Activity: 728
Merit: 500
I don't plan on subtracting from or adding to my position until I see which way it breaks from ~$600 in July/August.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 728
Merit: 500
I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.

did we drop to $560 in these days?
not yet
member
Activity: 112
Merit: 10
I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.

did we drop to $560 in these days?
hero member
Activity: 728
Merit: 500
I think after this drop to $560 and rebound to $610, we will have a good 2 months or so to chill out and consolidate before the next trend is revealed, based on a potential fractal I noticed.
hero member
Activity: 812
Merit: 587
Space Lord
Told you we were going down Tongue
I have no fiat on exchanges...

Mo fiat, mo problems.

No fiat, no problem.

It's a problem, I can't buy more BTC.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
Told you we were going down Tongue
I have no fiat on exchanges...

Mo fiat, mo problems.

No fiat, no problem.
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]

All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]

Absolutely not.  The amount of fiat burned is not equal to the market cap, ever.
Please add to my list then. I thought it was a good list of things that actually occur on a physical level to move prices. I'd group these together into the 'physical layer'. Now there are other things you could say moves the price like "news", but that would belong to the 'cognitive layer'. Anything that exists in the cognitive layer must still be manifested in the physical layer somehow.

The only thing that moves the price is that the lowest seller and the highest buyer agree on a different price than the previous lowest seller and highest buyer.
hero member
Activity: 812
Merit: 587
Space Lord
Told you we were going down Tongue
I have no fiat on exchanges...
legendary
Activity: 1512
Merit: 1000
@theshmadz
I sent over some extra fiat to Bitstamp, yesterday.
Hope it gets there on time to buy up some cheap coins ...

I'm hoping right along with ya.

Actually I'm thinking I'm just gonna wire 500 bucks every paycheck until we go above 800 (CAD on virtex)
legendary
Activity: 2576
Merit: 2267
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
[...woefully incomplete enumeration of factors which can contribute to a rising price omitted...]

All of these need to add up to whatever the current markep cap in BTC is (13,000,000 etc)[sic]

Absolutely not.  The amount of fiat burned is not equal to the market cap, ever.

The market cap is just about meaningless. Especially for Bitcoin.

And there doesn't need to be any volume for the price to shift. Though it is doubtless more healthy if there is.
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