Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31272. (Read 26609666 times)

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.

Looks like bids are filling in nicely, about $2M added in the last few hours from my observation.

Where can I find a bids vs asks chart?

So far it seems like the states haven't been panicking too much. Fingers crossed for simply a huge correction?

I showed only the best trade, out of multiple ones.
When 10k a coin talk was circulating, it hinted the mania phase has peaked and coming decline. Don't listen to the crowd, as a trader learn to hit sell and realize the usd profit.

well., whatever the reason, I don't care. I just hope I catch something like it happening again. 

Should I copy paste the response I gave already?

Well the nap lead to a long sleep. and rightly so as no price alarms shot off..to bad it didnt stay in the 750-850 range that I expected to see. Even as a bull I would've liked to take my day trading amounts at that range but all in all. Glad to see a lil recovery

None that matters, they are scrypt alts and don't give a shit about Jupiter hash rate.

Oda, in fact It's very good that wired and others are so cautious/negative about Bitcoin - that just means that the opportunity is very real and huge, and that it's still open. The "be greedy when others are fearful" motto is not just another silly common place, its a hard cold truth in stocks and assets purchasing.

This doesn't change the fact that BTC is dangerous, and thus investing your life savings in it is completely foolish. But at the same time this negativity is a very clear sign that one cannot afford to lose the opportunity to throw some spare money at BTC - the potential for growth is still immense.

Apparently we should now all be feeling 'silly':

http://www.latimes.com/business/hiltzik/la-fi-mh-the-bitcoin-crash-20131207,0,7011276.story#axzz2mo3LTTzi

Lovely word that - silly.  I bought in at $20 so have felt silly as fuck for a while now.

I'll hold til they hit $40 for a 100% return on my investment - if for no other reason then to piss on the dickwads who write these ignorant and sneery articles.

Oh - they want silly?

https://i.chzbgr.com/maxW500/7942831616/hA6F808C7/

no we are not talking about two different things. LTC investors are pumping a lot of cash into btc right now, because they pumped ltc too much.

bad timing. and now they cant exit their LTC positions, but they will, slowly.

yeah, I think we're talking about two different things. Neither the LTC/USD nor LTC/BTC markets went crazy with extremely fast whale buys and seels in dhort succession as ocurred in teh BTC/USD morket. Check bitcoinwisdom on 1m. It was liek when gox went crazy just after their 0% fees started last weekend

Today and tomorrow. Sunday is usually a down day.

to answer your question,
[/quote]
"Of course there were many trades in between less rewarding..    "
[/quote]

ok, let me explain.

BTC/USD going down fast on BTC-e means that LTC price will crash even harder.

thats a huge risk for LTC investors, because LTC difficulty is skyrocketing.

so they have to go slower.

Why only a plus of ~1.5 BTCs?

By a price difference of 230$ * 35.8 Coins = 8234 and buying back at 610 = 13.5 more coins?!

I missed all these oportunities because I had no balls and am easy to manipulate by reading posts here :/ Had a good feeling about selling @1100 after the china news but am always reading here that we will soon see 10.000$ by the end of the year ^^

Added to my gloat list. Started it a while ago, contains articles that are full of the smug "ha, you idiots, how could you ever think this would work" sentiment. Kind of like the quote by the then IBM chairman "'I think there is a world market for about five computers.".

I'm not only keeping this list updated to gloat when btc turns out to invalidate them, but more importantly, to know when these guys (and more importantly: publications) will start back pedaling, pretending "they always knew it would change the world".

Example: Business Insider's Joel Weisenthal. Calling Bitcoin a clown currency, now slowly changing his mind. I'll give him credit, he's still relatively quick to change his opinion.

The publications that *really* piss me off, because they *should* know better are Wired and the NYT. Say what you want about either of them, but they both have a talented pool of writers: it is (IMO) mainly an editorial choice to make the "voice of the publication" so strongly BTC negative.

They will eventually come around. And then, I will have my gloat list

Truth.