Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28153. (Read 26710560 times)

Ummm...the bear market is over.

I wouldn't bet a single satoshi on this. Market is so f up now and we can go back to 550 in no time.

Thats no reason not to flash crash. With market participants like this, anything is possible. If tomorrow there were news coming out:
I'd expect a flash crash at first.

Another fact?

Of course you do. Any mug can make gains when liquidity is pouring into the market. In a bear market when liquidity is being drained from the market, only those ballsy and disciplined enough to sell and buy the utmost extremities of the trend line will make money, other than that the odds are stacked against you and you are just whale fodder. I made most of my gains from Nov 20th onwards up until mid Dec (I sold high and got very lucky with buy-ins at near base of Dec 5th crash). Since then profits have been low and my recent max leveraged short trade that I opted to finally hold out on, got absolutely fkn slaughtered by the time I tapped out which takes me firmly into net loss territory since 2014.

Lesson learned. Same lesson as is occurring in your head and the same lesson that countless others have been taught. Don't trade a blatant bear market. The result of this is more and more liquidity leaves Bitcoin until the point where the splashes made by greedy whales become less and less pronounced due to less and less liquidity reacting to them. No ultimate bottoming out of any market entailed a 45% swing from bottom within a few days, not even a past Bitcoin bottom.

Have also noticed that Bitstamp are becoming tighter and tighter with allowing deposits to register in peoples accounts. I sent over just $3K the other day and again, they are wanting me to 'prove' where I am getting it from. I told them to fuck off. I am getting my money back, I can't see how I am going to get any amount of money back onto that exchanges cos no way am I giving them any personal details of the description that they are asking for. Bet there are quite as lot of Bitcoiners who are feeling the same. Not exactly conducive to increased adoption is it?

There is no "latest news"

Actually, 500's seems quite solid. There could have been lots of panic selling because of the rumor and MtGox-news. The drop was also a healthy correction. It looks quite good. Choo choo.

Momentum of this 3 day rally is now stopped, back to sideways movement and profit taking dragging price in the upper 400's.

Thanks. I just sold.

Until they lose all, exactly, than new will come and here we go again..

I dont think thats likely just because were overbought the only thing taking it there is more out of China, thats the only thing stopping this recovering even more. The bull run this morning would have continued absent China. We'll see but its only China taking it there.

Haha watch the idiots who just panic sold panic buying right now. I bet it was an expensive lesson for many. Did they learn from this? No, they will do it again and again.

Everybody should panic....bitcoinwisdom , bitstamp , btc-e and huobi all down.
Wait....it was my isp fault )))

But still ...it'a sign to sell!!!!!

At what point are you buying back in?

I am sending an email to the liquidator informing him the New Biggest exchanger is now Bitstamp, its where all the Bitcoin millionaire, bulls and enthusiast will buy ALL the 200k coins for the best possible price..

Price is way overdue for correction with or without news a drop to at least $450 some time in the next week is likely.

Mad? Haha absolutely not.

We'll see, just as likely this all continues and it ends up being called an epic bear trap.

I'd imagine they'd lose a lot in fees for that...

It's probably going to be more than $40 eventually. Wait till 4H MACDs go down.