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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31168. (Read 26723970 times)

legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
Huh, not sure how I figure out how to do this.
hero member
Activity: 728
Merit: 500
I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.
Sell the news.

So everytime you read good news you sell your coins. Is that correct?
No it had nothing to do with myself.
hero member
Activity: 672
Merit: 500
I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.
Sell the news.

So everytime you read good news you sell your coins. Is that correct?
hero member
Activity: 728
Merit: 500

sigh.. I can't handle sideways...

I'm starting to feel uneasy.

Something's cooking up.

I on the other hand think it's amazing to see bitcoin so stable at the current levels. It might drop some because we are in a bearish market, but if this goes at all like the april crash then we are moving sideways for a while on a very nice level. And that gives me an underlying bullish feeling allthough I'm a bit bearish short term.
Trying to compare this to april has been a futile effort and led me to many bad trades. There has been no similarities at all. I did, however, find many similarities to 2011.

full member
Activity: 182
Merit: 100
1MCKW9AkWj3aopC1aPegcZEf2fYNrhUQVf

sigh.. I can't handle sideways...

I'm starting to feel uneasy.

Something's cooking up.

I on the other hand think it's amazing to see bitcoin so stable at the current levels. It might drop some because we are in a bearish market, but if this goes at all like the april crash then we are moving sideways for a while on a very nice level. And that gives me an underlying bullish feeling allthough I'm a bit bearish short term.
full member
Activity: 182
Merit: 100
1MCKW9AkWj3aopC1aPegcZEf2fYNrhUQVf
Haha I just saw a paid ad on the forum that said:

"Goat says ch00o0o00 ch0000o000o00o0!!!1!!"

Had to lol hard Cheesy
sr. member
Activity: 266
Merit: 250
It's possible that we visit 650-700 on stamp, but I would not bet on it, especially when there's pretty low win% to get.

It starts to be more and more clear that we're not entering bear market from here because we have found so solid state not only from above $650 (50% from 125->1160) but from above $850.

And, Pietila is predicting down and Loaded showed up, that's two bullish indicators. Smiley



sigh.. I can't handle sideways...

I'm starting to feel uneasy.

Something's cooking up.
full member
Activity: 238
Merit: 100
It's possible that we visit 650-700 on stamp, but I would not bet on it, especially when there's pretty low win% to get.

It starts to be more and more clear that we're not entering bear market from here because we have found so solid state not only from above $650 (50% from 125->1160) but from above $850.

And, Pietila is predicting down and Loaded showed up, that's two bullish indicators. Smiley

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 728
Merit: 500
There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.

true, are the bids distributed in the same way? I see bitstamp is at bid ATH too.
Yes because a $40M bid certainly isn't enough to support a price of $920.  In April the bid was over $20M.
legendary
Activity: 1680
Merit: 1045
There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.

true, are the bids distributed in the same way? I see bitstamp is at bid ATH too.
hero member
Activity: 728
Merit: 500
There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.
sr. member
Activity: 444
Merit: 250
Probably ATH bid sum, but probably ATH ask sum as well.

haha no. Check blockchained. Ask is close to all time low. It's been up in the 100ks before.
Hah, well, considering 100KBTC once wasn't worth so much, that's no wonder. I didn't think.
legendary
Activity: 1680
Merit: 1045
Probably ATH bid sum, but probably ATH ask sum as well.

haha no. Check blockchained. Ask is close to all time low. It's been up in the 100ks before.

edit: 300k asks if I'm not mistaken.
sr. member
Activity: 444
Merit: 250
Probably ATH bid sum, but probably ATH ask sum as well.
legendary
Activity: 1680
Merit: 1045
85k bids until 40m!

edit: there we go, wow, bid depth ever been this high before? ATH no?
legendary
Activity: 1680
Merit: 1014
Most of it is just attempt to prove me wrong by expending words, which is very silly, because words have power only when they are true.

I think I have said all. Under no circumstances will I write anything in this thread before it goes to $500. I have a castle to attend to meanwhile  Grin

Edited the comment above to only include what I am replying to.

In my experience words have power when the coincide with what people want to hear. If they are true at the same time, is an added bonus. Skilled orators try to turn words in such a way so that they feel to the audience as if the orator is saying almost, but not entirely what the audience already wants to hear, so the audience accepts those words, and with time can even be turned completely.

It'll be sad not to hear from you for a long time. We may visit 500, but given the amount of resistance during the recent pop around 550, I doubt it. I am short-term bearish, but I wouldn't bet on reaching 600, maybe 650...
hero member
Activity: 546
Merit: 501
I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.
Sell the news.

and buy what?

Rumors.

this is funny how you are trying hard to apply stock rules to bitcoin. When people will start using similar services there will be no bitcoins left.
hero member
Activity: 634
Merit: 500
I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.
Sell the news.

and buy what?

Rumors.
hero member
Activity: 546
Merit: 501
I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.
Sell the news.

and buy what?
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