I was very happy to see steam getting blown off though.
Where do you think BitPay got the dollars to pay the merchants for all that record high sales volume they processed this weekend? 
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31590. (Read 26731619 times)
December 02, 2013, 02:03:01 PM
December 02, 2013, 02:02:33 PM
December 02, 2013, 01:58:25 PM
it has popped twice, one from $900 to 500.. and just yesterday from $1200 to $800. why do people not see this? it was a crash, but it inevitably rebounded.
thats just too fast tho, they are called bear traps
once the bubble pops for real, we will have a few months of consolidation at low prices( like 50% lower than the ATH), much like the bubble pop from 266, only longer.
its going to take longer, because the market is growing and its taking more and more Capital to move the market either way.
As much as I think you are being rational about this. I doubt it is going to stay flat for months at this point. Looking at the growth of wallets in the various providers as well as the room to grow on bitpay (their volume was tiny based on where they will get with all the new shopping integrations) we are still in the hot seat.
I was very happy to see steam getting blown off though. We were in dire need. If we can keep venting off pressure we will find our new center (much higher it seems).
December 02, 2013, 01:43:37 PM
it has popped twice, one from $900 to 500.. and just yesterday from $1200 to $800. why do people not see this? it was a crash, but it inevitably rebounded.
thats just too fast tho, they are called bear traps
once the bubble pops for real, we will have a few months of consolidation at low prices( like 50% lower than the ATH), much like the bubble pop from 266, only longer.
its going to take longer, because the market is growing and its taking more and more Capital to move the market either way.
December 02, 2013, 01:43:30 PM
it has popped twice, one from $900 to 500.. and just yesterday from $1200 to $800. why do people not see this? it was a crash, but it inevitably rebounded.
It hasn't (fully) rebounded yet.
December 02, 2013, 01:38:05 PM
it has popped twice, one from $900 to 500.. and just yesterday from $1200 to $800. why do people not see this? it was a crash, but it inevitably rebounded.
December 02, 2013, 01:36:26 PM
at one point this bubble needs to pop or like deflate a bit, no? maybe? maybe not? idk!
I set my target at 3000$ for various reasons.
I set my target at 3000$ for various reasons.
December 02, 2013, 01:29:56 PM
its looking good!
the rally should be able to continue.
but a return to the choo choo MOFO trendline might be in order, the double top is consering.
Thanks for that! If you had said 'single digits by Friday' I would have crawled in my hole and cried.
lol, no way.
worst case, we will test support at 800-600 ish, but initial support at previous resistances looks good to me, so i think UP.
I only just realised I could login by clicking the "Log In" box. Good to be back :-)
So, who else bought at 800?
I was a big seller at 800
all my friends handed me their bitcoins. i've been writing a lot of checks. lol.
but thats done now, so i see no reason not to continue the rally to 3,000$
you scared?
December 02, 2013, 01:25:38 PM
its looking good!
the rally should be able to continue.
but a return to the choo choo MOFO trendline might be in order, the double top is consering.
Thanks for that! If you had said 'single digits by Friday' I would have crawled in my hole and cried.
lol, no way.
worst case, we will test support at 800-600 ish, but initial support at previous resistances looks good to me, so i think UP.
I only just realised I could login by clicking the "Log In" box. Good to be back :-)
So, who else bought at 800?
I was a big seller at 800
all my friends handed me their bitcoins. i've been writing a lot of checks. lol.
but thats done now, so i see no reason to continue the rally to 3,000$
December 02, 2013, 01:17:21 PM
its looking good!
the rally should be able to continue.
but a return to the choo choo MOFO trendline might be in order, the double top is consering.
Thanks for that! If you had said 'single digits by Friday' I would have crawled in my hole and cried.
lol, no way.
worst case, we will test support at 800-600 ish, but initial support at previous resistances looks good to me, so i think UP.
I only just realised I could login by clicking the "Log In" box. Good to be back :-)
So, who else bought at 800?
I was a big seller at 800
all my friends handed me their bitcoins. i've been writing a lot of checks. lol.
but thats done now, so i see no reason to continue the rally to 3,000$
December 02, 2013, 01:10:21 PM
its looking good!
the rally should be able to continue.
but a return to the choo choo MOFO trendline might be in order, the double top is consering.
Thanks for that! If you had said 'single digits by Friday' I would have crawled in my hole and cried.
December 02, 2013, 01:09:13 PM
Good to see the board back - spent all Sunday (am in UK) watching the fireworks and had severe withdrawal symptoms!
Last post I saw was something about:
'looks like it's all over...'
Somebody beat me to saying 'Not until the fat lady / bitcoin sings' and then the site was down.
A total roller coaster of a weekend - Adam's 'Will we ever see 900 again' poll was out of date inside 24 hours...
All fun stuff.
Great to see normal service is resumed - hope everyone held tight (or speculated like a genius)!
Last post I saw was something about:
'looks like it's all over...'
Somebody beat me to saying 'Not until the fat lady / bitcoin sings' and then the site was down.
A total roller coaster of a weekend - Adam's 'Will we ever see 900 again' poll was out of date inside 24 hours...
All fun stuff.
Great to see normal service is resumed - hope everyone held tight (or speculated like a genius)!
December 02, 2013, 01:05:00 PM
its looking good!
the rally should be able to continue.
but a return to the choo choo MOFO trendline might be in order, the double top is concerning.
December 02, 2013, 01:02:27 PM
December 02, 2013, 12:52:43 PM
yes Bitcoinity is not working, so if I am looking at the right data
December 02, 2013, 12:52:18 PM
We have similar circumstances, Richy_T.
I just took a long look at BitcoinWisdom on the 15m chart for cny. Although all three markets, gox, stamp, cny, have a strongly correlated pattern, the china market seems a lot more bearish. We know that cny leads at times, but as far as I can determine we can't tell until well after the fact if they were actually the leader.
Prolly mark all of that down to skewed, or screwed, perception on my part.
I just took a long look at BitcoinWisdom on the 15m chart for cny. Although all three markets, gox, stamp, cny, have a strongly correlated pattern, the china market seems a lot more bearish. We know that cny leads at times, but as far as I can determine we can't tell until well after the fact if they were actually the leader.
Prolly mark all of that down to skewed, or screwed, perception on my part.
December 02, 2013, 12:50:27 PM
something strange is going on with gox, or bitcoinity is not working well
and bitcoinwisdom shows
http://nerdr.com/bitcoin-exchange-scam-bitcoins-are-worthless/and bitcoinwisdom shows
I know, I know, that's just a ridiculous accusation without any evidence.
December 02, 2013, 12:48:03 PM
something strange is going on with gox, or bitcoinity is not working well
and bitcoinwisdom shows
and bitcoinwisdom shows
December 02, 2013, 12:46:18 PM
I only just realised I could login by clicking the "Log In" box. Good to be back :-)
December 02, 2013, 12:42:18 PM
Probably a good idea. I feel like anything could happen right now.
I'm holding. I'm not scared of a drop and I have dirty fiat incoming I have to work out something to do with.
I'm holding. I'm not scared of a drop and I have dirty fiat incoming I have to work out something to do with.
Jump to: