Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27864.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: cech4204a on May 05, 2014, 02:57:25 AM

Quote from: windjc on May 05, 2014, 02:55:49 AM

Quote from: akujin on May 05, 2014, 02:53:38 AM

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL! Grin

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.

What? Ok, since you don't want to actually look at my post history in more detail, let me clarify for you ---> soon, we could make a run towards 340. If that does not hold, then we are in position to fall to 270 in the intermediate future.

If all the chinese exchanges closed within a few days of each other, we could make a run at 270 even sooner.

I don't know if we will, but I have been preaching for weeks, that unless we get some fresh fiat in here, we will continue to go lower.

Look, its Monday - the best day of the week for bitcoin and the market is going lower. Whoduthunkit?

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: windjc on May 05, 2014, 02:55:49 AM

Quote from: akujin on May 05, 2014, 02:53:38 AM

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL! Grin

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: akujin on May 05, 2014, 02:53:38 AM

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL! Grin

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: akujin on May 05, 2014, 02:53:38 AM

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL! Grin

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

akujin

sr. member

Activity: 336

Merit: 250

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL! Grin

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: windjc on May 05, 2014, 02:45:20 AM

Quote from: mooncake on May 05, 2014, 02:38:36 AM

Quote from: OldGeek on May 05, 2014, 02:20:13 AM

Ya. I'm pretty pessimistic about our current situation. I know that all trends will eventually reverse (or maybe not), but I think the 1w and 3d trend says about all there is to say right now.

** Pessimism is a state of mind in which one anticipates undesirable outcomes.

This is one pessimistic comment. More of such comment must be expected before a reversal.

All you need to do is look at the poll in this thread. The optimism here is still off the charts. Its like people refuse to believe that we could be going lower, much lower.

I saw some pain in the Gox fallout, but since then its been sickeningly optimistic - and I mean sickeningly because everyone thought that they were so clever and that the bottom was in and magically fresh fiat would arrive to save the day.

Everyone is still in denial (which is exactly what I voted for in the poll). Bring on the pain. You guys want this market to go up again?? ---> then welcome the pain.

as you speak more and more new people are adopting BTC, so global acceptance is growing, maybe price will fall but not much, there is everyone ready for jump, thats why optimism.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: mooncake on May 05, 2014, 02:38:36 AM

Quote from: OldGeek on May 05, 2014, 02:20:13 AM

Ya. I'm pretty pessimistic about our current situation. I know that all trends will eventually reverse (or maybe not), but I think the 1w and 3d trend says about all there is to say right now.

** Pessimism is a state of mind in which one anticipates undesirable outcomes.

This is one pessimistic comment. More of such comment must be expected before a reversal.

All you need to do is look at the poll in this thread (over 63% of people feel some shade of positive or nothing at all). The optimism here is still off the charts. Its like people refuse to believe that we could be going lower, much lower.

I saw some pain in the Gox fallout, but since then its been sickeningly optimistic - and I mean sickeningly because everyone thought that they were so clever and that the bottom was in and magically fresh fiat would arrive to save the day.

Everyone is still in denial (which is exactly what I voted for in the poll). Bring on the pain. You guys want this market to go up again?? ---> then welcome the pain.

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: rpietila on May 05, 2014, 02:35:05 AM

Quote from: windjc on May 05, 2014, 02:12:38 AM

This market is just DYING for some bad news. It can't even keep itself up in anticipation of it.

Maybe so. Let's see how many hours can it keep below 400...

I don't need hours. I need minutes. That how long it takes to sell a bunch of shorts and buy some longs.

Until the next mindless pump. Then, rinse and repeat.

Meanwhile, while we go to 270 and maybe below, your idea of "buying all the bitcoins" is exactly what we don't need. We need more bitcoins in the hands of more people, not less.

mooncake

sr. member

Activity: 434

Merit: 250

Quote from: OldGeek on May 05, 2014, 02:20:13 AM

Ya. I'm pretty pessimistic about our current situation. I know that all trends will eventually reverse (or maybe not), but I think the 1w and 3d trend says about all there is to say right now.

** Pessimism is a state of mind in which one anticipates undesirable outcomes.

This is one pessimistic comment. More of such comment must be expected before a reversal.

yenom

full member

Activity: 170

Merit: 100

Quote from: rpietila on May 04, 2014, 09:13:44 AM

If bitcoin goes down another 6 months, all the coins belong to the likes of me. You still think the price will go down afterwards?

I can see the headlines on CoinDesk now like the headlines in the early 1900s about Jesse Livermore:

Risto Pietila tries to corner bitcoin market

Cheesy

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: rpietila on May 05, 2014, 02:35:05 AM

Quote from: windjc on May 05, 2014, 02:12:38 AM

This market is just DYING for some bad news. It can't even keep itself up in anticipation of it.

Maybe so. Let's see how many hours can it keep below 400...

i guess this is true, and this means that big raise is possible, once the bounce happens

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: windjc on May 05, 2014, 02:12:38 AM

This market is just DYING for some bad news. It can't even keep itself up in anticipation of it.

Maybe so. Let's see how many hours can it keep below 400...

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: JorgeStolfi on May 05, 2014, 02:29:52 AM

Quote from: windjc on May 05, 2014, 02:12:38 AM

This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out.

The bad news are already out there: May/10 seems to be for real, one Chinese exchange already closed, and the CEOs of the other exchanges apparently can't find anything upbeat to say. Not at all like a month ago, after the Caixin leak, when they thought that they had found workarounds.

I can't see why the price would not go below 2300 CNY (~375 USD) by the end of the week. It got there on Apr/11, on mere rumors that this would happen...

Its going to take 1 or more of the big 3 exchanges saying they are shutting down or moving offshore.

The exchanges may not say anything. They may keep a few work arounds past May 10th. Nothing is for certain.

This market really does act like it wants to here the news. Everyone is lining up to sell.

cech4204a

sr. member

Activity: 252

Merit: 250

12CDKyxPyL5Rj28ed2yz5czJf3Dr2ZvEYw

Quote from: JorgeStolfi on May 05, 2014, 02:29:52 AM

Quote from: windjc on May 05, 2014, 02:12:38 AM

This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out.

The bad news are already out there: May/10 seems to be for real, one Chinese exchange already closed, and the CEOs of the other exchanges apparently can't find anything upbeat to say. Not at all like a month ago, after the Caixin leak, when they thought that they had found workarounds.

I can't see why the price would not go below 2300 CNY (~375 USD) by the end of the week. It got there on Apr/11, on mere rumors that this would happen...

maybe thats good news Wink

Chinese were eating s**t with BTC all the time

mah87

donator

Activity: 756

Merit: 500

-Bitcoin & Ripple-

Quote from: BitAddict on May 05, 2014, 02:26:10 AM

Quote from: mah87 on May 05, 2014, 02:21:08 AM

have you read this article on coindesk ?
http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

I can't believe they are using that crap.
How much did they get paid for saying that?

Maybe because ripple is not crap ? It's ok I think you'll change your mind when another bank will jump in, or maybe overtstock Wink

mark my words buddy

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: windjc on May 05, 2014, 02:12:38 AM

This market is just DYING for some bad news. It can't even keep itself up in anticipation of it. We are just going to drift lower, bouncing at 2650, 2600, 2555 and going back up each time, until we get some bad news to flush all this out.

The bad news are already out there: May/10 seems to be for real, one Chinese exchange already closed, and the CEOs of the other exchanges apparently can't find anything upbeat to say. Not at all like a month ago, after the Caixin leak, when they thought that they had found workarounds.

I can't see why the price would not go below 2300 CNY (~375 USD) by the end of the week. It got there on Apr/11, on mere rumors that this would happen...

BitAddict

legendary

Activity: 1190

Merit: 1001

Quote from: mah87 on May 05, 2014, 02:21:08 AM

have you read this article on coindesk ?
http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

I can't believe they are using that crap.
How much did they get paid for saying that?

windjc

legendary

Activity: 2156

Merit: 1070

Quote from: magicmexican on May 05, 2014, 02:17:05 AM

Meh, maybe 2550 will hold

It will bounce there, probably a couple of times, unless some news finally comes.

And its going to take its sweet time meandering to there anyway. Who knows how long all this goes on.

mah87

donator

Activity: 756

Merit: 500

-Bitcoin & Ripple-

have you read this article on coindesk ?
http://www.coindesk.com/fidor-becomes-first-bank-to-use-ripple-payment-protocol/

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 27864. (Read 26709030 times)