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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31144. (Read 26723628 times)

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 686
Merit: 500
Ultranode
Ask sum on Gox is already over 40k btc. Been steadily rising for at least a week. Lots of selling pressure is building up.
legendary
Activity: 1904
Merit: 1038
Trusted Bitcoiner
wow, bears already starting the butthurt story.

where is rpietila? is he buying back his coins?

I'm no bear.

I'm holding and I was a bit scared to be honest.
why are you scared?
did you buy at for more then you should have at more then 800?

dont be scared... if you understand what your holding there no reason not to lol at every drop.
legendary
Activity: 1168
Merit: 1000
Looks like the last weak attempt at a rally. If we break $900 today I predict it will be the last chance to sell above $900 for at least 6 weeks.

6 weeks? lol..

So much fear.  Must be a good time to buy (ahead of deposit Monday).  Cat is out the bag.

The only remotely bad news in the past month has come out of China, and that's been largely overblown.  Everything else is on the up and up.  Going to take more than an [arguably] predictable Chinese gov't position to cause a longer term bear market imo.
newbie
Activity: 21
Merit: 0
Looks like the last weak attempt at a rally. If we break $900 today I predict it will be the last chance to sell above $900 for at least 6 weeks.
legendary
Activity: 2772
Merit: 1028
Duelbits.com
Big resistance on 800$ definitely. Hopefully it will hold and launch another rally.
hero member
Activity: 588
Merit: 500
Just on MtGox we have $60m in bids....$60k in asks.

I believe it is easy to manipulate the price upwards with low buy volume but try to drop the price by selling...
sr. member
Activity: 308
Merit: 250
wow, bears already starting the butthurt story.

where is rpietila? is he buying back his coins?

I'm no bear.

I'm holding and I was a bit scared to be honest.
newbie
Activity: 28
Merit: 0
I totally expected the bottom to dropout the last few hours... Now i'm not so sure...

I guess we should not underestimate support, in the Chinese market as well.
legendary
Activity: 1232
Merit: 1011
wow, bears already starting the butthurt story.

where is rpietila? is he buying back his coins?
sr. member
Activity: 308
Merit: 250
I totally expected the bottom to dropout the last few hours... Now i'm not so sure...
legendary
Activity: 2186
Merit: 1213
It is always shocking to see how easy the price can be manipulated. Without any volume the price went up 50$ in minutes. As the price was at 840$ somebody bought 13 coins for 895$ each and bang there we are now at 884$...

That why I - incorrectly - call it penny stock. A few big players can totally control this with a penny.

Imagine when governments get in. They can easily melk the folks with manipulating the prices. I´m really not sure if Bitcoin is really the future...

Ok they do the same with FIAT and Gold but everybody was saying BTC cant ever get controlled by banks and governments. I dont think so...
legendary
Activity: 3122
Merit: 1538
yes
It is always shocking to see how easy the price can be manipulated. Without any volume the price went up 50$ in minutes. As the price was at 840$ somebody bought 13 coins for 895$ each and bang there we are now at 884$...

That why I - incorrectly - call it penny stock. A few big players can totally control this with a penny.
legendary
Activity: 1232
Merit: 1011
It is always shocking to see how easy the price can be manipulated. Without any volume the price went up 50$ in minutes. As the price was at 840$ somebody bought 13 coins for 895$ each and bang there we are now at 884$...

no, thats not manipulation, but empty ask side.
legendary
Activity: 2186
Merit: 1213
It is always shocking to see how easy the price can be manipulated. Without any volume the price went up 50$ in minutes. As the price was at 840$ somebody bought 13 coins for 895$ each and bang there we are now at 884$...
legendary
Activity: 3122
Merit: 1538
yes
How are we supposed to crash with all these buyers, damnit.

Well, someone just threw a million bux or so into a bear trap - unless they fancy 'double or quits' they better head back into their caves Wink

My thoughts as well but everybody is free to bet on a penny stock.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2604
Merit: 1748
China has the largest volume of the lot, and it is going down, slowly but constantly. It has tested the psychological support threshold @ 5000 already 3 times today, and failed to break that dam until now. Will see what happens but honestly the overall scenario is bearish so far.
I agree.

I'm gonna' hold off buying more BitCoins (or more accurately, fractions of BitCoin) for today and see what happens.

Good luck with that - if you have a strategy your guess is as good as anyone's of course - but are you sure things are not looking a little brighter now..?

Don't miss the train, eh?
legendary
Activity: 1232
Merit: 1011
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