I'm selling my coins today. Will buy them back when we hit sub-400 prices in a couple of weeks or so.
Good luck, you will need it
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27514. (Read 26710700 times)
May 29, 2014, 11:41:52 AM
Good luck, you will need it
May 29, 2014, 11:37:32 AM
I'm selling my coins today. Will buy them back when we hit sub-400 prices in a couple of weeks or so.
May 29, 2014, 11:35:16 AM
Why would people risk losing a lot of money on BTC when they can pay for DISH via bank transfer or w/e. Dish sucks anyway, just like overstock - the drowning ones are trying to catch everything they can.
May 29, 2014, 11:32:34 AM
I think its going back to 530-500 levels for some time, which will probably get some bears very excited about reaching single digits in no time and stuff.
Nothing but good news and nothing but people dumping. But my TA is often wildly optimistic, beware.
May 29, 2014, 11:23:53 AM
Yes that plus also when big news like this comes around the only reason price moves upwards is traders pre-empting so to speak the influx of potentially interested new users or people just hearing about it. It takes weeks from someone learning about Bitcoin to then going ahead and purchasing.
May 29, 2014, 11:21:35 AM
Few people were predicting a significant rise before July/August. We're still in May and we're about $125 up from this time last month. Patience and a steady hand is all that's required at this stage. 
May 29, 2014, 11:20:45 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
You know what that means. Good news = dump.
Late last year, it could have been announced on reddit that some ma and pa cupcake store had decided to accept bitcoin and it would instantly rocket the price up $50. Now we have Dish Network -- which will be the largest single company to accept it -- and zero reaction. So it seems we've been a bit premature to assume that we've broken the bear market with last week's breakout. I agree with others that we're going to "consolidate" a bit more before going up again next month.
There's often a good amount of delay between good news and the price reaction. This place was full of posts about China's positive news coverage on Bitcoin back in May/June 2013 and how this would rocket the price, but the Chinese BTC market didn't actually took off until Sept/Oct 2013. It takes a while for people to absorb the news and learn about Bitcoin, I only bought my first bitcoin after 6 months or so first hearing or reading about it.
May 29, 2014, 11:13:54 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
You know what that means. Good news = dump.
Late last year, it could have been announced on reddit that some ma and pa cupcake store had decided to accept bitcoin and it would instantly rocket the price up $50. Now we have Dish Network -- which will be the largest single company to accept it -- and zero reaction. So it seems we've been a bit premature to assume that we've broken the bear market with last week's breakout. I agree with others that we're going to "consolidate" a bit more before going up again next month.
Agreed. But maybe more people should have reminded themselves right from the start of the rally that 'leaving the bear market behind' doesn't automatically entail 'rocket to DA MOON'.
I'm mid term pretty bullish (and I'm not even completely ruling out that we can break through 600 now-ish), but going up to new heights in a straight line was never an option, and I'm not 100% sure if the bulls that were cheering all through last week really understood this.
(maybe they did, and were just inebriated by the first decent swing up in a while...)
May 29, 2014, 11:12:58 AM
It is amazing for how long bitcoin continues to be under-valued
May 29, 2014, 11:10:26 AM
quickly someone say something bullish! FFS
Walmart finally selling a BFL product. So it looks like BFL is finally shipping product
May 29, 2014, 11:09:52 AM
quickly someone say something bullish! FFS
Willy bullish
May 29, 2014, 11:09:05 AM
quickly someone say something bullish! FFS
May 29, 2014, 11:05:46 AM
Hmm, looks to me that the foolish playing around 3500 on Houbi will soon be finished.
30min SAR will change.
4h and 30min RSI on stamp are ready.
fasten seatbelt
What?
, engine splutters on the runway May 29, 2014, 11:04:21 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
You know what that means. Good news = dump.
Late last year, it could have been announced on reddit that some ma and pa cupcake store had decided to accept bitcoin and it would instantly rocket the price up $50. Now we have Dish Network -- which will be the largest single company to accept it -- and zero reaction. So it seems we've been a bit premature to assume that we've broken the bear market with last week's breakout. I agree with others that we're going to "consolidate" a bit more before going up again next month.
Because Dish Network sucks so everybody is like who cares...
May 29, 2014, 11:00:34 AM
May 29, 2014, 10:57:23 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
You know what that means. Good news = dump.
Late last year, it could have been announced on reddit that some ma and pa cupcake store had decided to accept bitcoin and it would instantly rocket the price up $50. Now we have Dish Network -- which will be the largest single company to accept it -- and zero reaction. So it seems we've been a bit premature to assume that we've broken the bear market with last week's breakout. I agree with others that we're going to "consolidate" a bit more before going up again next month.
Quite possible, but wouldn't there necessarily be a lag anyway?
May 29, 2014, 10:54:49 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
You know what that means. Good news = dump.
Late last year, it could have been announced on reddit that some ma and pa cupcake store had decided to accept bitcoin and it would instantly rocket the price up $50. Now we have Dish Network -- which will be the largest single company to accept it -- and zero reaction. So it seems we've been a bit premature to assume that we've broken the bear market with last week's breakout. I agree with others that we're going to "consolidate" a bit more before going up again next month.
May 29, 2014, 10:43:02 AM
I think its going back to 530-500 levels for some time, which will probably get some bears very excited about reaching single digits in no time and stuff.
Nothing but good news and nothing but people dumping.
Let's just hope we don't go down enough for the bear trolls to start posting again.
May 29, 2014, 10:27:14 AM
I think its going back to 530-500 levels for some time, which will probably get some bears very excited about reaching single digits in no time and stuff.
May 29, 2014, 10:15:56 AM
The news that Dish Network is taking Bitcoin is getting some major press: ABC News, Wall Street Journal, Time, Washington Post.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
It is always great to get press like this and tends to cause more people to look into Bitcoin.
You know what that means. Good news = dump.
Jump to: