Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28540.

smoothie

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LEALANA Bitcoin Grim Reaper

Quote from: chessnut on April 02, 2014, 05:14:43 PM

it doesnt have much choice. we need to get a move on and break this trend line or spike up.

this area of support cannot be tolerated for long.

Why?

Markets can remain irrational.

Let us break the trend line so the weak can sell and we can move on up.

The sooner the better.

soullyG

hero member

Activity: 1011

Merit: 721

Decentralize everything

I just found translated versions of all the exchange announcements on Reddit - interesting that some are still taking CNY deposits through bank accounts:

http://www.reddit.com/r/BitcoinMarkets/comments/220qob/fxbtc_small_chinese_exchange_shuts_down_cny/

seleme

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Duelbits.com

Quote from: ?? on ??

Quote from: seleme on April 02, 2014, 05:11:41 PM

huh, 400$ with just 6000 coins wall now.

Still 10k... bitcoinwisdom showing wrong Wink

looks so

aminorex

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Sine secretum non libertas

Quote from: ?? on ??

Quote from: chilin_dude on April 02, 2014, 05:07:58 PM

What was the actual china news that came out today to drop the price please? Scan read last 10 pages and couldnt see it, nor on reddit front btc page. Thanks.

JorgeStolfi is keeping track of it and posting info without bias, worth checking his posts:
https://bitcointalksearch.org/user/jorgestolfi-183158

Except you have to check all the factual claims. Lots of erroneous stuff there.
But he does us all a service by teaching us a lesson in fact checking.
Lesson...delivered!

solex

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Activity: 1078

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100 satoshis -> ISO code

Quote from: magicmexican on April 02, 2014, 04:59:49 PM

Ye thats probably the case, everyone still waiting for that "omfg what the fuck i cant believe its real"-bottom.

I am not sure it will appear this time tho, i think its about 70% possibility it will, but there is a chance it will be very slow and overall kinda "meh"

What is different about the recent peak is that, unlike 2011 and April 2013, there was not an exhaustion spike, but a gentle rolling over for the trend down. So yes, the same might happen in reverse at the low.

JayJuanGee

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: ?? on ??

Hello, good to see your in it for the right reasons

Its for everyone and that includes assholes, the systems strong enough to face off any realistic attack but its still vulnerable to the rich getting richer and poor getting poorer problem. That's where the features and alts are interesting, one possible function of Bitcoin is contracts for the transfer of real world assets which sidesteps its value altogether and if bitcoin as a currency becomes too centralised in the hands of a small number of people its credibility suffers and therefore so does its value and that value will be transferred to whatever alts gain trust. Anyway, off topic and there's a lot of different views on it. Long live Bitcoin indeed

Personally, at the moment, I see this as an over-played problem of the poor getting poorer... b/c anyone can generate some savings into BTC.. and if they can hold onto their savings.. then there is decent potential for BTC holding the value... at this moment, we cannot be sure about BTC's value in 20 years... for example putting $5000 into a kids college fund... and then waiting to see what the value is in 20 years.

chessnut

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it doesnt have much choice. we need to get a move on and break this trend line or spike up.

this area of support cannot be tolerated for long.

Mervyn_Pumpkinhead

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Quote from: JayJuanGee on April 02, 2014, 05:07:08 PM

Quote from: Mervyn_Pumpkinhead on April 02, 2014, 04:48:57 PM

I'm clad to see that you see investing into alts as weird.

Also, I'm not accusing anyone of manipulation. All I'm saying that these constant errors of calling false bottoms and trend reversals come either out of stupidity or we are dealing with deliberate acts of misdirection.

You make little to no sense, and likely your post is NOT even worth this response.... b/c you tend to be inclined towards the twisting of words and perverting of reality which gives me the sense that you are NOT genuinely attempting to contribute to a meaningful communication regarding bitcoin speculation, but instead to divert with name calling and pie in the sky detractions from this thread - which is BTC speculation, btw, - NOT getting into some random discussion about some random alt.. There are likely plenty of threads that you can explore regarding the various alts... Good luck with your alt coin explorations.

ok

Ivanhoe

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Quote from: KeyserSoze on April 02, 2014, 03:41:06 PM

Quote from: Spaceman_Spiff on April 02, 2014, 03:38:17 PM

Quote from: Chalkbot on April 02, 2014, 01:13:04 PM

I don't think permabulls are rare here. Just not a lot for us to say during Panic/Capitulation/Despondancy trade cycles. I could post reassuring messages and long term outlooks here all day, that might persuade some people to hold, but really, I'd rather get to the bottom as quick as possible. It's going to happen either way. I expect maximum pain to come before market turns around, and I really haven't felt that yet. I can't really put a $ price on what that would be, but there's no shortage of effort being applied to find out. Perhaps busting below that 400 wall on stamp would do it.

I suspect that moment is approaching, as the "news" is being recycled constantly, and FUDsters are preying on these fears, in tandem with large market dumps that no longer make sense. If you held until now, there's probably more risk in dumping than holding unless dumping for market manipulation purposes. Let the dumps commence, and let the panic spread. It's the best cure for a BTC hangover.

Hear hear

I must have missed Chalk's initial post but: +1

+1, it's just that childs like fonzie and pumpkin spam the board everytime bitcoin goes down a few %. They probably don't have a girl or friends to spend their time with.

seleme

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Duelbits.com

huh, 400$ with just 6000 coins wall now.

chilin_dude

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What was the actual china news that came out today to drop the price please? Scan read last 10 pages and couldnt see it, nor on reddit front btc page. Thanks.

chessnut

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Quote from: nakaone on April 02, 2014, 05:03:05 PM

btw why don't you expect a fast rebound? - if I observe this place properly all guys are playing "who gets the most bitcoins" - and they are wondering where the button is - probably not for selling at the buttom....

we cant be certain because we dont know where the indsiders are buying their bitcoins. these exchanges are not the ideal place for institutional money.

JayJuanGee

legendary

Activity: 3948

Merit: 11416

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Mervyn_Pumpkinhead on April 02, 2014, 04:48:57 PM

I'm clad to see that you see investing into alts as weird.

Also, I'm not accusing anyone of manipulation. All I'm saying that these constant errors of calling false bottoms and trend reversals come either out of stupidity or we are dealing with deliberate acts of misdirection.

You make little to no sense, and likely your post is NOT even worth this response.... b/c you tend to be inclined towards the twisting of words and perverting of reality which gives me the sense that you are NOT genuinely attempting to contribute to a meaningful communication regarding bitcoin speculation, but instead to divert with name calling and pie in the sky detractions from this thread - which is BTC speculation, btw, - NOT getting into some random discussion about some random alt.. There are likely plenty of threads that you can explore regarding the various alts... Good luck with your alt coin explorations.

nakaone

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Quote from: silverfuture on April 02, 2014, 04:53:17 PM

Quote from: Mervyn_Pumpkinhead on April 02, 2014, 08:17:45 AM

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

#3 spotted in the wild!

https://bitcointalk.org/index.php?topic=554625.0;topicseen

btw why don't you expect a fast rebound? - if I observe this place properly all guys are playing "who gets the most bitcoins" - and they are wondering where the bottom is - probably not for selling at the bottom....

chessnut

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a nice way to escape this volatility would be to short LTCBTC

Mervyn_Pumpkinhead

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Quote from: silverfuture on April 02, 2014, 04:53:17 PM

Quote from: Mervyn_Pumpkinhead on April 02, 2014, 08:17:45 AM

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

#3 spotted in the wild!

https://bitcointalk.org/index.php?topic=554625.0;topicseen

They first ones are calm and constructive. It takes some time before we start to get those "WE COULD OF HAD HEAVEN, BUT ALL OF YOU WHO SOLD JUST RUINED IT ALL!!1 ARE YOU NOW ALL HAPPY THAT YOU ARE KISSING BANKSTER ASSES HA-HA!!!1!! IDIOTS!!!!!!!!!!!!!!!!!!!!!!!!!".
If we'll start to get those, then we are closer to the real bottom.

magicmexican

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Quote from: windjc on April 02, 2014, 04:56:08 PM

The price is still fighting in the high 430s. The market is trying hard to put in a bottom, but its just avoiding the inevitable breakdown to new lows.

Its just a matter of time now.

Is Chessnut okay?

Ye thats probably the case, everyone still waiting for that "omfg what the fuck i cant believe its real"-bottom.

I am not sure it will appear this time tho, i think its about 70% possibility it will, but there is a chance it will be very slow and overall kinda "meh"

roslinpl

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Price is not bad at all

when you want to buy ;P

Worst if you want to sell Tongue

chessnut

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Quote from: windjc on April 02, 2014, 04:56:08 PM

The price is still fighting in the high 430s. The market is trying hard to put in a bottom, but its just avoiding the inevitable breakdown to new lows.

Its just a matter of time now.

Is Chessnut okay?

thanks for the kind though im doing well thnks.

magicmexican

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sudden 484 coin dump on huobi

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 28540. (Read 26709135 times)