Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31310.

seriouscoin

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Quote from: seleme on December 06, 2013, 05:08:37 PM

Quote from: gandhibt on December 06, 2013, 05:04:10 PM

Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

You should wait.. it's weekend and you'd most probably have a chance to buy without loss. I'm approx in same situation but will wait.

Well you bears can wait on the sideline untill someone decided to buy back in .... then you will cry forever as bear .... like Blitz....

seleme

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Duelbits.com

One thing I never wrote here, didn't want to spread bad news...

Last Saturday guy on McxNow chat wrote that he got SMS from his best friend who knew he is into Bitcoins. He told him he is sitting with some Chicago Wall Street guy and he mentioned him Bitcoin and that his friend is into it. Wall Street guy told him to contact him and say to get out of Bitcoin as soon as possible as on Monday some guys are going to start betting against Bitcoin shorting it.

It looked fishy at the moment and even that guy from McxNow didn't pay lot of attention to it based on what he was saying but less than 24 hours after first flash crash happened and we were on top of bullish sentiments at that point.

Adrian-x

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Quote from: adamstgBit on December 06, 2013, 04:48:53 PM

2000$ in 2 weeks tops.

I may be delusional, but you sound a little bearish and conservative.
I'm thinking perfect storm. Conference grows is Second Markets ETF, gold parity - Bitcoin is at a discount for a new type of investor, and a more stable international legal frame within which to work, and a possibly of a Nasdaq XBT ETF.

Some call Bank of America sending buy signals as bullish, and it is if this Bitcoin sale is going to new players, but my big picture view thinks when the media turns to buy it's time to stop hoarding.

Oh and there is a hard limit

mmitech

legendary

Activity: 1148

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things you own end up owning you

more good news http://www.bloomberg.com/video/meet-bitcoin-jesus-this-is-my-life-s-calling-GZo3i59eTOSWLV0RSvU__A.html

there will be coverage of Bitcoin for 2 weeks till Xmas on bloomberg

beaconpcguru

full member

Activity: 189

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Hello

Quote from: seriouscoin on December 06, 2013, 04:31:37 PM

Quote from: freethink2013 on December 06, 2013, 04:27:57 PM

so 850 is the new floor imo.

We saw total panic tonight and yet once we approached 850 buyers started perking up.

From my experience since 2010 in Bitcoin economy, the mining always lag behind and its always catching up to ATH.

In short, it raise the level of support. Mining is getting more costly so is the bottom of btc price.

Not sure how you can say mining is getting more costly. This causes me much humor, pardon me whilst I partake it it. Okay, anyhow so I was mining with 8 7970s ($350/ea) in March with an electric bill of 270$ and then I switched to a Blade with twice the hashrate and a tenth of the power consumption and this has somehow cost me more money. My brain, bank account, trade acc and my electrical bill are all wrong. Going to have to figure out how this happened.

gandhibt

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Quote from: seleme on December 06, 2013, 05:08:37 PM

Quote from: gandhibt on December 06, 2013, 05:04:10 PM

Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

You should wait.. it's weekend and you'd most probably have a chance to buy without loss. I'm approx in same situation but will wait.

Too late for that. Cheesy

Ill trade only in short windows when market is bull. It can go lower but Ill wait for another low risk opportunity.

Coinseeker

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Quote from: Miz4r on December 06, 2013, 05:06:20 PM

That's not necessarily true, China could change their stance at any time they want when they see other countries making excellent progress with bitcoin adoption and they start to feel like getting left behind.

Ah yes, the dream. Please let me know when it makes it's way into reality. Wink

Vigil

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Quote from: beaconpcguru on December 06, 2013, 05:01:23 PM

Quote from: Vigil on December 06, 2013, 04:13:57 PM

Massive dump incoming, price is stabilizing and no buyers...

Its amazing how there are no buyers, yet the price is going up.. bids keep filling to the lower postions.. 900 coin sell wall moved 200$ back... your right, nothing to see here, move along.

And it has done this many times before crashing in just the last 12 hrs. The price was about to fall through the floor with no sign of stopping - eating thousands of bitcoins in under a couple minutes. The only reason we are sitting here is because Gox engine failed. we have barely moved from the rebound spot.

manfred

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Energy is Wealth

Quote from: beaconpcguru on December 06, 2013, 04:52:49 PM

Quote from: manfred on December 06, 2013, 04:01:15 PM

Quote from: Voodah on December 06, 2013, 03:48:43 PM

Gox leaking market share every day. The last days of an era.

bitstamp 31.010%   45152.250   0.850 USD
mtgox*   30.000%   43688.600   0.871 USD
btce    29.750%   43320.360   0.880 USD

Seems that data is lagging too. Mtgox is less than halve of BTC-e bitcoin volume plus over 1 million litecoins as well
http://www.cryptocoincharts.info/v2/markets/info/

That includes all BTC pairs .. so not very accurate

That is exactly why it is very accurate because it includes all BTC pairs. Or is a Russian bought bitcoin somehow not a full bitcoin. Must it be bought with USD to be counted?

seleme

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Duelbits.com

Quote from: gandhibt on December 06, 2013, 05:04:10 PM

Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

You should wait.. it's weekend and you'd most probably have a chance to buy without loss. I'm approx in same situation but will wait.

freethink2013

full member

Activity: 224

Merit: 100

Quote from: Miz4r on December 06, 2013, 05:06:20 PM

Quote from: Coinseeker on December 06, 2013, 04:48:31 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:45:15 PM

Quote from: Coinseeker on December 06, 2013, 04:38:53 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:37:54 PM

Quote from: Coinseeker on December 06, 2013, 04:34:56 PM

If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.

Bitcoin is not "without China".

Bitcoin is without Chinese banks.

Understand?

Bitcoin is without Chinese banks and Chinese merchants.

Understand?

Ah yes, those Chinese merchants were really driving the Bitcoin economy.

Sarcasm, understand?

Nothing is driving this but speculation. I've known that since day one. But the future expectation of what China could bring to the table, just got obliterated. No banks, no merchants...simply reduced to trading it online. I'm sure this is all very bullish news though. Roll Eyes

That's not necessarily true, China could change their stance at any time they want when they see other countries making excellent progress with bitcoin adoption and they start to feel like getting left behind.

Yep I think they probably will but decided to put the brakes on things. I'm pretty bullish but even I thought we were getting a bit carried away

TERA

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I guess my TA about the MACD, PSAR etc was correct after all...

tHash

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Quote from: beaconpcguru on December 06, 2013, 05:01:23 PM

Quote from: Vigil on December 06, 2013, 04:13:57 PM

Massive dump incoming, price is stabilizing and no buyers...

Its amazing how there are no buyers, yet the price is going up.. bids keep filling to the lower postions.. 900 coin sell wall moved 200$ back... your right, nothing to see here, move along.

People are in wait mode. Price moving up on low volume is because the asks have not filled in. A consensus is formed when people don't wish to sell less than a certain price, nor do people want to buy higher than a certain price. When there is much of a spread between the two, volume drops off a lot. Only time will tell how the spread closes.

seanneko

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Quote from: Voodah on December 06, 2013, 04:48:02 PM

Quote from: seanneko on December 06, 2013, 04:41:30 PM

Quote from: kurious on December 06, 2013, 04:36:21 PM

Quote from: wachtwoord on December 06, 2013, 04:32:52 PM

Lol @ The bug at MTGox hasn't "saved" the crash. WTF. Having an insecure big exchange will lead to a lower overall price. So we'd be higher now without Gox' fuck up.

+1

It looks a scarily immature system for anyone to feel secure in investing in, if the 'major' and best known exchange is not remotely reliable

And yet people had (still have?) it in their head that we'll hit $10k next year.

Yeah, I can really see multi billionaires putting their money into Bitcoin when the largest exchange implodes for no significant reason.

Hahaha, do you really think "multi billionaires" buy in Gox just like regular folks ??

Um, did you even read my post? Where did I say, or even imply, that they do?

Miz4r

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Quote from: Coinseeker on December 06, 2013, 04:48:31 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:45:15 PM

Quote from: Coinseeker on December 06, 2013, 04:38:53 PM

Quote from: ablewasiereisawelba on December 06, 2013, 04:37:54 PM

Quote from: Coinseeker on December 06, 2013, 04:34:56 PM

If Bitcoin can sustain these prices without China, I'd be very surprised. I have a feeling it's going to be a long and nasty weekend.

Bitcoin is not "without China".

Bitcoin is without Chinese banks.

Understand?

Bitcoin is without Chinese banks and Chinese merchants.

Understand?

Ah yes, those Chinese merchants were really driving the Bitcoin economy.

Sarcasm, understand?

Nothing is driving this but speculation. I've known that since day one. But the future expectation of what China could bring to the table, just got obliterated. No banks, no merchants...simply reduced to trading it online. I'm sure this is all very bullish news though. Roll Eyes

That's not necessarily true, China could change their stance at any time they want when they see other countries making excellent progress with bitcoin adoption and they start to feel like getting left behind.

freethink2013

full member

Activity: 224

Merit: 100

Quote from: maz on December 06, 2013, 05:03:09 PM

A chart I posted on one of Risto's threads the other day.

Uploaded by Drew at tradingview 4 Days ago. As a short term bear his comments on the situation made excellent sense to me.

The same chart with the current trading data filled in over time.

let me guess, you have buy orders in at 700.

pathetic

Nemo1024

legendary

Activity: 1680

Merit: 1014

What's up? Or, should I say, why's up?
I am away from a computer for an hour and it goes back from 800 to 900!
Sold at 866 and had a buy order at 820 and it didn't get filled...
Will be re-buying on the next dip...

kurious

legendary

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Quote from: tHash on December 06, 2013, 04:54:44 PM

There is every probability that countries with capital controls will adopt a negative stance towards bitcoin(China). In those countries bitcoin will be highly sought after for exactly that reason, to escape capital controls. In countries that adopt a more liberal stance, we are just seeing the beginning of the spread of bitcoin as a useful currency. The fact that China didn't act to shut down the exchanges is big in my opinion.

Also, all during the run up, the bears were saying that volume in China was fake, and therefore China was not a factor. Suddenly now, China will be the end of bitcoin? Roll Eyes

The news was not bad - China will not be the end of Bitcoin, no.

Sentiment will decide ALL unless 'utility' overtakes 'store of value' as a reason for growth. Store of value and speculation is all there is so far.

What is priced in is future utility value and sentiment is the pricing factor in this.

It still is what the market believes it will become, and not YET what it actually is.

I think it will - that is why I am here - but disasters in the market can change things. The exchanges must be fluid, accessible and trustworthy for it to grow to where (most of us) want it to.

Who wants to risk losing it all if they are buying in now? The price is supported by hope and more importantly trust. Exchanges must prove they are worthy of it.

gandhibt

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Bought back at loss my previously sold 16% at 900 (sold at avg 862). I had aprox 5% stop loss. Another time, another trade. Big trend remains bullish so my stash remains in btc.

maz

full member

Activity: 140

Merit: 100

A chart I posted on one of Risto's threads the other day.

Uploaded by Drew at tradingview 4 Days ago. As a short term bear his comments on the situation made excellent sense to me.

The same chart with the current trading data filled in over time.

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