Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 30960. (Read 26710895 times)
December 17, 2013, 05:45:10 PM
wow someone just bought 500 coins on stamp
December 17, 2013, 05:42:55 PM
I'm feeling bearish again. 
why, its clearly coin for a 3-5 day bounce!
I like your bullish attitude.
December 17, 2013, 05:39:14 PM
you guys are not giving enough credit to stamp, its the healthiest exchange with working in/out fiat and it is not losing in volume to gox, as long as 650 holds we're not entering bear market
Its targeting something happening at $666 on Christmas day and that's far to media friendly, if fiat doesn't make any fsckups for the next 8 days then it would probably be better if it broke that bottom line before then.
Cute that it says $666,- on Christmas. Such a bs
They probably think a majority of the BTC traders are fools. 666 on xmas day... How ironic :')
December 17, 2013, 05:30:36 PM
I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
100K tends to mark local bottoms.
There was no 100k volume done on any exchange. Instead the volume just keeps getting weaker on every down day.
December 17, 2013, 05:28:16 PM
you guys are not giving enough credit to stamp, its the healthiest exchange with working in/out fiat and it is not losing in volume to gox, as long as 650 holds we're not entering bear market
This is your idea of a bull market?Maybe.... consolidation.
no, but its too soon to say this is bear market also
December 17, 2013, 05:26:51 PM
I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
100K tends to mark local bottoms.
December 17, 2013, 05:26:22 PM
If it's going to be 2011, you are literally going to forget all about Bitcoin in about 4 months, leaving any remaining BTC in the dust and forgetting to check regularly on the final capitulation dump which will be the excellent moment to get back in big time.
As long as you still check this forum daily, it's nothing like 2011.
Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.
For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).
As long as you still check this forum daily, it's nothing like 2011.
Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.
For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).
i agree. in 2011 it was so hard to get any info about btc. after bubble and when gox got hacked i thought it was a scam and the 100 coins i bought i just forgot about it, didn´t know this forum back then. the worst that can happen is another april13 - half a year of searching bottom. (actually that summer was just an epic bear trap
) it will get more ugly than right now. but not for long. maybe we "need" another bitcoin´s dead period...
December 17, 2013, 05:25:03 PM
you guys are not giving enough credit to stamp, its the healthiest exchange with working in/out fiat and it is not losing in volume to gox, as long as 650 holds we're not entering bear market
This is your idea of a bull market?Maybe.... consolidation.
December 17, 2013, 05:24:28 PM
its silly that people are comparing this to 2011
Indeed but then again they probably weren't here.
December 17, 2013, 05:24:16 PM
you guys are not giving enough credit to stamp, its the healthiest exchange with working in/out fiat and it is not losing in volume to gox, as long as 650 holds we're not entering bear market
December 17, 2013, 05:22:32 PM
What's up with the trades in China?!
http://bitcointicker.co/combined/
Oh, and good-night everyone. Today was slightly fruitful, bringing in 0.8 BTC, traded only by placing two sets of limit orders in the morning and the evening.
I am done panic-doing whatever.
Everyone needs to start following Bitstamp!
http://bitcointicker.co/combined/
Oh, and good-night everyone. Today was slightly fruitful, bringing in 0.8 BTC, traded only by placing two sets of limit orders in the morning and the evening.
I am done panic-doing whatever.
I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
Everyone needs to start following Bitstamp!
December 17, 2013, 05:20:01 PM
I would really like to see a day with like 500,000 volume on mtgox to give me confidence that a bottom is in. I've been watching all the exchanges and all of the action has been weaksauce - no evidence of any kind real capitulation , plus they're still following BT China which is a sinking ship.
December 17, 2013, 05:18:54 PM
its silly that people are comparing this to 2011
December 17, 2013, 05:10:11 PM
If it's going to be 2011, you are literally going to forget all about Bitcoin in about 4 months, leaving any remaining BTC in the dust and forgetting to check regularly on the final capitulation dump which will be the excellent moment to get back in big time.
As long as you still check this forum daily, it's nothing like 2011.
Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.
For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).
As long as you still check this forum daily, it's nothing like 2011.
Frankly, if someone reminded me to get back in at @1.98 in 2011, I don't know whether I would have put in extra funds at the time.
For the reason stated above, I very much doubt that we will have a 2011 fall back. I rather see increased competition with altcoins and other crypto initiatives (Ripple, JPM's ideas, etc).
December 17, 2013, 05:07:15 PM
Denial at an all time high in here. It's a bubble guys, it's happened multiple times over the last few years, this is how Bitcoin is going to grow, each bubble less severe than the last (on a percentage basis), until it stops. Trying to fight the trend is going to get you hurt. Keep in mind we are STILL 10x the low point of this summer, which was ~7x where we started the year.
Just this year:
$10 -> $260 -> $70 -> $1200 -> $300-500? ->
Sell your coins and buy back in when the dust has settled
Just this year:
$10 -> $260 -> $70 -> $1200 -> $300-500? ->
Sell your coins and buy back in when the dust has settled
Quit with the FUD.
Average stable price before the Q1 run up was $13+ (for a month+)
Average stable price after the correction was about $100, other than during the panic, and at final capitulation.
We were stable at an average of about $130 before this run up (6 weeks).
Let's do a little simple math, which is clearly beyond you.
$13 > $266 > $100 2000% up at peak. 66% drop from peak on correction (other than overshoot and final capitulation)
We can agree each bubble and subsequent correction is less severe. This means we don't overshoot on the way up as far, and the drop is much less percentage wise, off of the peak, and does not overshoot as far either.
$130 > $1246 > $743 (current) 1000% up at peak. 40% drop from peak.
This would seem to suggest our average "stable" price should be higher actually. Half the growth, half the correction? Should settle 33% down, no?
This is only if things are the same, which few would say that they are. This is simply to debunk your FUD on where the price should settle. Quit wishing for more cheap coins, you had your chance.
Edit: Numbers are approximate.
Why are you talking averages? The fact of the matter it did retrace to $70 from $260 and has already retraced to < $600 from this bubble. Yes it may settle at a > $700 average when the dust has settled but there's every possibility we'll test $400 before that happens.
December 17, 2013, 05:05:36 PM
I'm feeling bearish again.
why, its clearly coin for a 3-5 day bounce!
Chinas had a LOWER low than the previous crash.
The bounce was weak.
The order book is cut to 40%.
The support on BT China just vanished and its in a free fall.
BT China is trading $100 lower than other exchanges.
Its possible the periodic spurts of buying are just people arbing and getting out to dump on other exchanges.
The chart looks like it could resemble 2011.
December 17, 2013, 05:05:23 PM
No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!
No chooo chooo for you, he's gonna kill you and run away with btc.
RIP mate
We are meeting at the casino. I'm a Diamond member. I called ahead and security will be present.
December 17, 2013, 05:01:20 PM
I'm feeling bearish again.
why, its clearly coin for a 3-5 day bounce!
December 17, 2013, 04:59:58 PM
No no no not yet! I agreed to sell my 25B coin for $21,000 cash. Meeting him at 10pm going to buy back on coinbase then we can go CHOO CHOO all the way to the moon!
$21,000 cash at 10pm....hmm, be careful!
yeah, you are taking security with you right?
December 17, 2013, 04:58:26 PM
I'm feeling bearish again.
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