Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31052. (Read 26486372 times)

Whats happened to all those advice:
"You should all start to learn Chinese rather than French or German?"

Two days and until now nobody has a clue what really was discussed / decided there.

A double bottom is in the making at the moment.
I'm 90% sure we're going up from now on.

Yes.

Have we seen the bottom?

not really massive and it is just following gox's coat tail

I saw that. Trend reversal?

Well. That's what I like to read!!!

Guys, I was told there would be $400 bitcoins. What's going on?

Massive pump going on @ bitstamp

Ummm. No. Thats just FUD in your own mind. Nothing to substantiate that speculation.

http://www.reddit.com/r/Bitcoin/comments/1sbefw/chinese_investment_banker_says_what_nobody_in_the/

What do you guys feel about the volume of buying over sat post 5am-6amest so far.. It's looking healthier for buy support on the north american exchanges as well.

Bearstamp seems most skiddish still

There is a possibility that the Chinese payment processors/banks are no longer willing or able to interface with the exchanges, and thus, CNY could be trapped and ultimately worthless, leading to a complete decoupling of the Chinese exchanges. Endgame would be that all bitcoins are withdrawn and there are no more trades.

It's something I am watching, anyway.

It's interesting, noticed it earlier.

All I can think of is that the China news gave us the pop that we all wanted, sooner we crashed the sooner we get back to break 2k.

Edit: someone suggested BTChina may have temporarily suspended some transactions until verifications are processed?

Anybody find it VERY interesting that BTCChina is more resistant to the downtrend and at a fairly higher price than the other exchanges.

Seems like a disconnect to me. If this rally is predicated on China's bitcoin policies, then why are the chinese less bearish right now?

I don't take this so hard. I'm not sure something like bitcoin even COULD grow without this kind of criticism. And if you study most disruptive tech in history I'm pretty sure you'll find the same thing. Heck I remember reading articles like this about the internet itself. I just think of this as par for the course now.

All disruptive technologies are paradigm shifts. Paradigm shifts means a lot of people won't understand it in the beginning - but they are irrelevant in the long run.

Looks to me like inverse H&S. We could go again $850-$950.

It's bitcoin it could still do it, however you should never bank on others opinions. Do your best to read both sides, the bears were correct but half of them are spewing 1-200 bottoms and causing mass panic from people who've bought in lets say anywhere over 750+. These new hands usually don't have a strategy and get caught in these quick flash crashes. The panic grows quickest when we see these flash crashes cause weak hands have no stomach to buy and hold.. otherwise it be in cold wallets and they wouldn't be watching with us.

As I've stated I think a lot of people sold from 850-1200 range, those holding long term say before early nov. are laughing cause they were selling at a near 100% or greater profit.. and using that same profit to increase their holdings while weak bear coins kept dumping...Don't get me wrong this has become the weekend of the bear so far but..all these people need to remember.. that those who sold at 1200 and got back in at 600-700 could have nearly doubled their own btc holdings or kept it the same with extra Fiat that could buy in the ultimate bear zone of 400-500.

Also all those bears preaching the doom and gloom finally were able to re-enter in the 600-650 range that they had always planned to..but they had to see how low it would go first.

So in conclusion we break out of the bear market probably 1-2am Sunday morning, as people who are ahead of the curve don't wait for Monday to react.

Unfortunately, this might last a few more days at minimum.