Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31308. (Read 26608476 times)

It's totally possible.  There is a story on CNN about it now.

http://finance.fortune.cnn.com/2013/12/05/betting-against-bitcoin-bubble/?iid=HP_Highlight

If you're paying attention, it's not the worst bet in the world.  We had a better chance at correcting than going to $1500, even before the China news.  Buying pressure was drying up, sentiment was changing.  China likely was just the straw.

I LOL with you Bitcoin is finite. Once you short you are short.
Anything above $220 leave me secure. In Bitcoin 's astro chart we will cross into the new year under $1000 and then have fun. Week hands need some shaking.

I am talking about 'us lot' not being what drives the market (even though we are 80% bulls).  Growth of positive sentiment does that, and new cash entry.   I think that is self-evident, no?

that will be me, and ill get more subscribers  

It's not about this weekend, that was week ago. Only permabears were bears at that point, bullish sentiments were huge then.

Don't really care about "I told you so" gang, I trade for my own pocket, not theirs, so if I make it bad, I do it for my own bad and vice versa, that's not their business.

If that is true, it shows that there IS indeed a limit to stupidity and that can be found on Wall Street. Shorting bitcoin.  LOL

tbh as corrections go, it's a bit of a relief. I'd prefer us to have corrected to four figures rather than three but seeing as I bought at two figures I can't complain.

This has been one helluva week and a half..

Bitcoin, you could say, is one helluva drug.

Where do you get your numbers?

There are going to be a lot of "I told you so's" on Monday
hell even those who just herd about Bitcoin knew to sell.

The truth is do you know when to buy?
Personally I always buy at the top and 6 months later cherish the bargain  

fyi I'm glad you're on the thread. Nothing personal with my posts at all. Play on playa

But you posted a meaningless charts of the past?

Listen if TA was so right, then there was no such thing as Chaos. TA can only explain the past market. Its not a tool to tell you where the market will be...

Good luck to you.

You can always get your wife to legally change her name to the alias she used. Just have to publish her new name in a news paper.

The problem is - the majority of us here are full fiat.

Look at Adam's vote?

If we all think it's worth a mint, we are just sitting on it and only buying the dips.  The consensus here is 'hold' that is all.

So who will take it higher - we aren't buying it up to 1500 10,000 (fill your own price in), we want everyone else to come in and do it!

Going up requires BUYERS.  They come from wider adoption, better utility and yep, good news.   Other than that we can't do much to make it happen, we are drawing charts we want other people to follow.

Ironic, no?  (and I speak as a bull)

You mean you were hoping that the price was going to crash through the floor while watching a single entity drop 5,000 coins in hope of causing a panic but instead of him being able to potentially influence the market he was instead robbed by MtGox of the opportunity to do so.

Here's the deal. Everyone can post whatever TA they have. That's great. TA works. I like it.

But if we are going down and it looks like we are, the only thing that really matters is how much $$$ has entered the market that won't be coming out.  That's the bottom.

Category A
All the $$$ that can leave the market is from either
A. Speculators
B. Former believers who are now non-believers.

Category B
All the $$$ that is staying in the market
A. Second Market
B. Long Term Investors (including the VC community)
C. Believers

In 2011, the reason we went from $32 to BELOW the previous runup was SIMPLY that we didn't have more of Category B. In April 2013, the reason we never tested below the point that the rally started AND the reason we didn't test $50 again was we had more of Category B.

So how much of Category B do we have now?

A lot more I believe. Second Market has put tens of millions into the market. We have had an on rush of new bitcoin fanatics like never before. And more VC money has gone into and around the market.

So what's the absolute bottom of where we could potentially go?  $700? $500? $400? I don't know.

Although I strongly believe that we will not go down near where we started ($200). 

I figure $350 could be absolute bottom, but I do not think we go that low.

I think we probably have enough $$$ in the market that is staying in the market to stay above $500.

However, this is a TOTAL GUESS. As is anyone's at this point.

Like I said earlier, I don't spread anything with the intention of manipulating others. To me that is childish and not worth my effort. There must be what 100 people that visit this thread daily? If i managed to make half of them sell it would probably move the market 10 dollars. Please don't be so simple minded to think that's why I post, because it's ridiculous.

If I was of that mind set I would be orchestrating DDOS attacks on the forum during the past 2 hours of activity, posting fake links of FUD on Reddit/Bitcoin and spamming the IRC channel with the FUD. But I'm not that type of person. I'm just on here for some good banter and the occasional facts from people.

No, its not accurate because if I shuffle 10 bitcoins over there, trade 10 bitcoins for cash, buy some LTC and then trade it back to Bitcoin or vice versa each one of those transactions can count for as many pairs there are available (19 in this case) observing that the bitcoin traded simple in the BTC/USD category at a volume of ~30,000 means that 90,000 btc may or may not have been traded and or intermixed with any other pair including BTC/USD

My point is we should stay away from btc price when we're talking about merchants adoption. Because no merchants are in business of currency trading.

However i do think we need better exchanges as right now, we got bunch of nerds operating exchanges.

where is all the choo choo now?