Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30781. (Read 26713463 times)
December 21, 2013, 04:39:30 PM
I have never seen a flat line like this one over the last 2 hours on BTCChina, trading is just dead there.
December 21, 2013, 04:37:32 PM
There's that lame 190 wall in China cockblocking everyone...
December 21, 2013, 04:37:17 PM
something like a dump?
December 21, 2013, 04:35:56 PM
watching the order book getting updated, I think something is about to happen !!!
December 21, 2013, 04:35:29 PM
I think the manipulators might have all died in a plane crash.
Yeah, where is everybody? This place needs some action.
Maybe the manipulators are hodling?
December 21, 2013, 04:34:20 PM
I did also notice that most movements happens when I go to sleep ( I am from EU), today I will give it a shot and try to be a bit late, although I see no action the market is so silent not so much trading is going around , and you know what they say after the silent comes what ? a bear/bull ? we will find out
December 21, 2013, 04:34:18 PM
Saturday night. Whales out partying with their easily earned dosh.
December 21, 2013, 04:31:39 PM
I think the manipulators might have all died in a plane crash.
Yeah, where is everybody? This place needs some action.
December 21, 2013, 04:25:25 PM
I think the manipulators might have all died in a plane crash.
December 21, 2013, 04:23:04 PM
I'm pretty pleased with the stability tbh. We could well hit 550 tomorrow but it looks like we'll settle at 650 come monday. I don't expect much volume over christmas and once we get back over 800 we'll have officially shaken off china. We'll probably have a lot of panics as china exists but we'll be 800 into the new year regardless
Have you ever watched the price of petrol/gasoline during a global crisis? It increases dramatically. When the event is over and the market stabilizes the price drops but never to the level that it was before the event that moved it. Bitcoin is proving to be a commodity the reacts similarly.
I suppose the gold/oil connection is scarcity/difficulty. I'd argue bitcoin is closer to gold than oil. Gold and bitcoin have arguable intrinsic value but it's scarcity that makes them valuable. Same for diamonds/silver etc. Yes you can do some stuff, make jewelry and electronic components but it's manly about a store of wealth.
Oil is different. Oil has a real intrinsic value. It is fuel. A real difficultly(cost) to mine plus it has a cartel limiting the supply.
talking out loud tbh lol
I like that - a bit like oil, a bit like gold. lol
I meant the reaction from market manipulation instead of actual intrinsic value. Bitcoin is highly manipulated by a few power players, so is crude oil.
I agree but also believe that the slow reward feeding of the supply of Bitcoin is a type of manipulation, albeit a constant one by design. The only difference is oil supply can be halted completely but I guess miners could halt the supply of Bitcoins for some bizarre currently unforeseen reason.
December 21, 2013, 04:12:11 PM
Hodl until the end of times.
December 21, 2013, 04:11:48 PM
On our way to 400s - by Sunday evening.
Now, it's either
or 
, depending where your money is.
Imho there are too many people waiting for those prices. It has to first go up to a level that is considered a good exit point for the anti-hodlers (and those chinese that want to pass the bomb to another player)Now, it's either
or , depending where your money is.I'd guess most volume is at 550. below that is wishful thinking.
December 21, 2013, 04:10:39 PM
I'm pretty pleased with the stability tbh. We could well hit 550 tomorrow but it looks like we'll settle at 650 come monday. I don't expect much volume over christmas and once we get back over 800 we'll have officially shaken off china. We'll probably have a lot of panics as china exists but we'll be 800 into the new year regardless
Have you ever watched the price of petrol/gasoline during a global crisis? It increases dramatically. When the event is over and the market stabilizes the price drops but never to the level that it was before the event that moved it. Bitcoin is proving to be a commodity the reacts similarly.
I suppose the gold/oil connection is scarcity/difficulty. I'd argue bitcoin is closer to gold than oil. Gold and bitcoin have arguable intrinsic value but it's scarcity that makes them valuable. Same for diamonds/silver etc. Yes you can do some stuff, make jewelry and electronic components but it's manly about a store of wealth.
Oil is different. Oil has a real intrinsic value. It is fuel. A real difficultly(cost) to mine plus it has a cartel limiting the supply.
talking out loud tbh lol
I like that - a bit like oil, a bit like gold. lol
I meant the reaction from market manipulation instead of actual intrinsic value. Bitcoin is highly manipulated by a few power players, so is crude oil.
December 21, 2013, 04:07:44 PM
Switching tactics. Have sat on my hands since the crash and done nothing after buying all the way down. Now starting to buy in little nibbles.
December 21, 2013, 04:02:46 PM
On our way to 400s - by Sunday evening.
Now, it's either or , depending where your money is.
Imho there are too many people waiting for those prices. It has to first go up to a level that is considered a good exit point for the anti-hodlers (and those chinese that want to pass the bomb to another player) Now, it's either
or , depending where your money is.
December 21, 2013, 04:01:47 PM
December 21, 2013, 04:01:14 PM
Where's all the bulls from this morning? They're about to get burned.
I'm a bull because only not very smart people would be bears in deflationary currency and new technology which is in early stage of adoption. And I'm FAR from burned.
December 21, 2013, 04:00:18 PM
On our way to 400s - by Sunday evening.
Now, it's either or , depending where your money is.
Now, it's either
or , depending where your money is. December 21, 2013, 03:49:26 PM
Where's all the bulls from this morning? They're about to get burned.
December 21, 2013, 03:40:42 PM
I'm pretty pleased with the stability tbh. We could well hit 550 tomorrow but it looks like we'll settle at 650 come monday. I don't expect much volume over christmas and once we get back over 800 we'll have officially shaken off china. We'll probably have a lot of panics as china exists but we'll be 800 into the new year regardless
Have you ever watched the price of petrol/gasoline during a global crisis? It increases dramatically. When the event is over and the market stabilizes the price drops but never to the level that it was before the event that moved it. Bitcoin is proving to be a commodity the reacts similarly.
I suppose the gold/oil connection is scarcity/difficulty. I'd argue bitcoin is closer to gold than oil. Gold and bitcoin have arguable intrinsic value but it's scarcity that makes them valuable. Same for diamonds/silver etc. Yes you can do some stuff, make jewelry and electronic components but it's manly about a store of wealth.
Oil is different. Oil has a real intrinsic value. It is fuel. A real difficultly(cost) to mine plus it has a cartel limiting the supply.
talking out loud tbh lol
I like that - a bit like oil, a bit like gold. lol
I meant the reaction from market manipulation instead of actual intrinsic value. Bitcoin is highly manipulated by a few power players, so is crude oil.
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