Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28392. (Read 26608399 times)
April 07, 2014, 09:52:03 AM
This may just be a pause as guys like me who dumped this morning @ $458 are buying them back. It could go lower.
April 07, 2014, 09:48:53 AM
Oh what now? China banned Bitcoin again? Or is it another random rumour?
Ignore everyone here who aren't yelling "trend reversal to the moon!" and guarantee that you will always be surprised when there are new drops
Some people here are good reminders of the fact, that handling wealth is not for everyone.
April 07, 2014, 09:48:19 AM
Ok, price is roughly stable at $455. What this means is that there is only ~ 65% as much new money coming into bitcoin as there was when price was 53% higher. How is that not extremely bearish? People should be jumping on these cheap coins if in fact they are cheap. This is just another pit stop on the way down, which I HOPE is ~$400 and could easily be lower.
The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.
The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.
How about those that are leveraged short, would they not want to see the price go to 0$?
April 07, 2014, 09:43:50 AM
It is as sad as this: it did not break the resistance at 460 so the 101 TA gamblers decided it must go down.
Brace yourselves again.
Brace yourselves again.
April 07, 2014, 09:40:54 AM
April 07, 2014, 09:38:51 AM
just look 15th april coming
15th april coming 
April 07, 2014, 09:38:24 AM
Oh what now? China banned Bitcoin again? Or is it another random rumour?
April 07, 2014, 09:37:35 AM
Ok, price is roughly stable at $455. What this means is that there is only ~ 65% as much new money coming into bitcoin as there was when price was 53% higher. How is that not extremely bearish? People should be jumping on these cheap coins if in fact they are cheap. This is just another pit stop on the way down, which I HOPE is ~$400 and could easily be lower.
The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.
The main arguments on this thread are between those of us who want it to go lower to buy more and those of us who are expecting another choo choo. This can't be capitulation. Where are the guys wanting to cash out for good? Until they all leave, we can't have a recovery. I've been through many points of maximum pain and this is not it. Not even close.
April 07, 2014, 09:37:21 AM
I know this is the wrongest place ever to mention this, but I wish the price would just plummet to the point where all the people who are in this for the money would disappear. Bitcoin is about so much more than it's dollar value. We are building something more important than the internet, and it's like people are obsessing over the price of domain names.
April 07, 2014, 09:37:13 AM
Did anybody have the opportunity to try out the beta version of Reggie Middleton's ultra-coin yet?
Is there a thread about that? Has nothing to do with ultracoin the coin, has it?
April 07, 2014, 09:36:10 AM
mega dump begins 
April 07, 2014, 09:36:03 AM
Ladies and gentlemen, we are going down.
Women and kids first....
Women and kids first....
April 07, 2014, 09:35:42 AM
Huobi graph looks spent.. 
April 07, 2014, 09:35:07 AM
going down??
April 07, 2014, 09:31:17 AM
This thread has become a complete waste of time to read 
April 07, 2014, 09:26:13 AM
It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.
Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time.
It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap.
In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000.
This is exactly my point. This is the reason why certain people are trying to convince people to hold (holding will keep the coins out of circulation), thus making it easier for the price to increase. However I do not believe people get into bitcoin to hold. People get into bitcoin because of the wild stories they have heard of people becomming millionaires within a few years. Once this optimism wears off people will start to realize that they wont become rich holding bitcoin and will sell their stash.
I wasn't referencing your second point about people telling others to hold, thats your opinion. I think your incorrect with it, afterall why wouldnt these bulls your refering to have dumped at $1000+ thats a nice price compared to $4xx, but I'm not going to try and change your mind.
What I was referring to is your assertion towards how much new money you need for the price to rise and with that you were wrong. Futhermore you only need more money to maintain the price IF we are working under the assumption that new coins are sent straight to market, if they are not then you are again wrong and no new money is needed to keep the BTC price afloat.
April 07, 2014, 09:18:42 AM
It would need way more than 13 times as much money, you are forgetting that the BTC supply is still increasing. Money needs to be pumped into the BTC eco system for it to maintain its price, therefore if money is withdrawn from this system, the price will drop more rapidly than if the same amount of money was injected into it. This is why these so called BTC bulls (read: people who got in early and want to dump massive amounts of BTC at a good price) keep telling people to hodl.
Those are the same people who are pitching BTC to stupid money, saying that the dollar is inflationary etc., well atm the BTC is more inflationary than the USD.
Your wrong in your thinking. Theoretically you hardly need any new capital to create a higher price and/or higher market cap. This is due to how many coins are actually on sale at any one time.
It is exaggerated in coins that have a larger number of total coins. This is due to market cap being last price x coin supply. For example NXT has 999,997,096 coins that means for every dollar rise in price the market cap rises $999,997,096 dollars. People bitched about the same thing with Quark and the amount of coins it has that artifically inflated its market cap.
In the case of BTC if everyone but one guy took their coins from the ask side and one guy put his coin up for sale at $10,000. Once somebody buys that coin the last price of BTC is $10,000 and the market cap is $126,163,250,000. All that with just $10,000.
This is exactly the case. Change of mind rises the value, a small trade discovers price.
April 07, 2014, 09:12:53 AM
@chessnut
second support trendline on Huobi is breakin down. 4h MACD about to go down. China news will probably be released in a few hours.
It looks real bad.
second support trendline on Huobi is breakin down. 4h MACD about to go down. China news will probably be released in a few hours.
It looks real bad.
indicators follow the price, so that technical analysis is less important than fundamental analysis.
But fundamental analysis does not promise well, 15th april comnig.
www.theaustralian.com.au/business/latest/china-clamps-down-on-bitcoin/story-e6frg90f-1226871648275
April 07, 2014, 09:05:15 AM
@chessnut
second support trendline on Huobi is breakin down. 4h MACD about to go down. China news will probably be released in a few hours.
It looks real bad.
second support trendline on Huobi is breakin down. 4h MACD about to go down. China news will probably be released in a few hours.
It looks real bad.
April 07, 2014, 09:03:48 AM
I love this hypothetical speculation about God Being a day trader. How much would He be trading and to what goal? Maximizing His dollar return on investment? If so, the goal would be to trade to accumulate Bitcoin by selling high and then buying back more Bitcoin, a larger dollar amount at the lows. This would over time have a larger and larger effect on the price making the lows higher and the highs lower until the upward trendline is near perfectly smooth. When trendline became perfectly smooth, God could make no more profits from trading volatility and would simply sell 1% for every 1% increase in price for a perpetual river of income.
Every trader's actions, no matter how small, affect the market. Successful traders reduce volatility and unsuccessful traders increase volatility up the the point they leave the market. This is why bitcoin needs no central bank. It has us. Dumb traders pay smart traders and smart traders reduce volatility.
Every trader's actions, no matter how small, affect the market. Successful traders reduce volatility and unsuccessful traders increase volatility up the the point they leave the market. This is why bitcoin needs no central bank. It has us. Dumb traders pay smart traders and smart traders reduce volatility.
God doesn't play dice. God HODLs.
What your saying is that GOD wouldn't be a day trader, which is against the very premise of the hypothetical, you stupid fuck.
Dude I think you might need to take a break. Not everything posted here is deadly serious.
Dude, kiss my ass. I said this was a fun game and I wanted to play. You basically said you don't want to play. You didn't have to do that. You could just not play. You're being a dick.
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