Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28329. (Read 26610701 times)

bitcoin's newtork computing power: almost 600 exaFLOPS!

yeayyyy

Time to buy! 380-400 defended what... 3-4 times now!?

bull trap in progresss i´m leveraged long from 408 to 435-460$ COO CHOO Adam  

avoided this issue by waiting till the buy price was lower than my avg. buy in cost. I would be selling before the coins if I were a seller while above that point...as it went below that It became a buy signal TO ONLY ME <

You can also buy some more, no? and then your average BTC buy price will drop.

NOT always practical for everyone, but a possibility for you?

what happened?

feels low

buys are rolling in at a rapid rate.

420 in a few hours.

then spike to 460 tomorrow ish

Well, I appreciate your frankness, at least.

However, when bitcoin is sold as a hedge against inflation, as a get-rich-quick scheme, or whatever, it ends up being bought by many people who are not rich, criminals, or corrupt politicians: just ordinary people who hope to get a little better life, and do not know enough economics to see through the bitcoiners' hype.  Many of them are induced to put all their savings, sell their houses and make debts by the promises of bitcoiners whose goal is, essentially, to take their money.

Sorry, but that moral excuse does not work. 

Bullish now ?! make your mind up! 

Dammit, i want to see BTC under the  400$ mark, why does it take so long??

Spike until 460$ possible?

Right. I was hoping some of you who hadn't already sold would have a chance to sell less painlessly. I could tell it was another dead cat bounce when volume petered out instead of building.

After further review of the order book, My highest buy order now is around $300 with a possible flash crash to ~$156 on Bitfinex, the place where the order book has the same number of bids as asks. The possible short squeeze target is ~ $588. These estimates are subject to change as the order book changes.

The trend is not reversed and only has an 85% chance of reversing even after the China situation is resolved. IF it is resolved. Something has to happen in order for a downtrend to be reversed equal in magnitude to the thing that caused it. In short, it likely has to get worse before it gets better.

My highest buy order before April $15 is near $300 and that may be too optimistic. Successful day trading requires you to quickly reassess situations, cut losses and turn on a dime if new information warrants. I still see no signs of hidden support. I'm hoping that's because it is too well hidden and not because it doesn't exist.

100% on the mark! Well in my opinion anyway. I can't read charts very well so my TA is pretty bad and I rely on looking at what others have written and coming to a conclusion myself based on what I can assess via sentiment which I can read fairly well.

The day my Mum rang me asking me what a "Mt Gox was and if they had stolen all my bitcoins" was the day I realised that BTC is beginning to reach the masses. Everytime I go and see my family it pops up in conversation now and members of my family who work in banking (not high up, or investment banking, just regular tellers) are becoming more and more interested and even tell me little bits about mentions from within their places of work etc.

I am by no means bearish at the minute, and believe we have a way to go until we do see the bottom as if you look on Twitter, Reddit etc there are still a lot of questions rather than statements/ news stories with proper sources and we have no clue as to how next week, or even the weekend are going to play out, but anyone that thinks we are going to be staying at the bottom for a long time is deluded in my opinion.

Explanation

I guess they were right Thursdays is dump day.

in 2014, all this bad new has battered BTC into a corner.  But I see the biggest risk not coming from banks and governments, but from other Crypto's.  Other coins will become more attractive to mine, because all that sha256 hash power fells kind of lame when ($9,999) 2TH state of the art asic only makes 0.16 BTC a day, it fells like your being short changed.

Peercoin for example's price is 4.5 times lower than peak prices, so when the uptrend starts agan in the future, it will be more profitable to buy and hold than BTC.  the PoW mining profitability is 88% of BTC now but that overtakes on uptrends, Peercoin also uses sha256 asics and does not suffer from a static coin cap and is in fact mineable without any hardware at all via PoS mining (just leave you wallet open & don't move coins).  PoS is environmentally more sound as well, as only the PoW miners use the asics.   meaning Peercoin investors gain (interest on their investment) as well as a higher percentage shift on an uptrend.  It's also less techy to PoS mine as you need no real experience.  Just open the wallet and wait for the interest to roll in.  

Although It will never take over from BTC anytime soon I see the gap narrowing in 2014.  I will be taking 35% peercoin 35% LTC 30% BTC..  if the ball starts rolling again later this year.    

This year will define crypto, i don't think it's certain in which way or that it will go the same way as previous years.  Peercoin is established and is more advanced than BTC in many ways.  keep your eye on it in 2014.

That's right!
This beats all those lines, mac d's and fibs. Up we go!

Well it comes back to the debate.. was TA on point or was it China spreading FUD. I am not sure if was Tera OR Rpiella who was trying to explain it was destined to drop pre China announcements I'm willing to admit that China could purely have been a catalyst to a bear market and in combination with gox not a cause for it.

I spread and preach the hodl mentality only for those who aren't trying to day trade and wish to see stability enter bitcoin. It still hugely speculative and probably for years to come and this will makes us inherently vulnerable to pump and dump.

Jorge I believe would describe me as a bag holder, I see myself as someone who is just confident in BTCs long term success.

Didn't someone even get some CCMF t-shirts designed and printed?!?


Man that circle-jerk seems like soooooooo long ago now.

I fully support this bull trap, please bounce at least to 432$, thanks. All long profits will be used for additional shorting.