Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31837.

seanneko

full member

Activity: 196

Merit: 100

Quote from: maz on November 20, 2013, 05:07:44 AM

Quote from: seanneko on November 20, 2013, 05:04:29 AM

I've gone from 100% bull to 100% bear since earlier today. I fully expect it to be way down when I wake up tomorrow.

Better start thinking up a witty comeback when people at work tell me about how much money I've "lost".

Dude you havnt lost anything! The only difference between your BTC worth right now is time, because it's inevitable that we will surpass $900 next time, so just wait it out

Yes, I know

I got in somewhere between $200-250 so I certainly haven't "lost" anything. But I tend to brag when it goes up, so I can only imagine the comments about how I threw away tens of thousands of dollars while I was sleeping.

Oh well, only time will tell.

Pruden

hero member

Activity: 496

Merit: 500

Spanish Bitcoin trader

Chinese forming a beautiful high-volume bottom at 4100 yuan.

The wall at 4000 keeps its strength. But you know that 4 sounds like "death" in Chinese, and that this a crash that will take us below the previous ATH.

I sometimes wonder how much better I would be at day-trading if I stayed the hell out of bitcointalk.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: BitPirate on November 20, 2013, 05:33:11 AM

Quote from: gandhibt on November 20, 2013, 05:31:36 AM

Quote from: BitPirate on November 20, 2013, 05:29:22 AM

Quote from: gandhibt on November 20, 2013, 05:27:31 AM

Quote from: BitPirate on November 20, 2013, 05:24:37 AM

Quote from: gandhibt on November 20, 2013, 05:13:13 AM

There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.

EDIT. apparently someone listened to me at stamp =)

Why are people so eager to call a bottom?

As you say, it's only been 1.5 days.

I'm not calling the bottom I'm just saying that the trend is not reversed yet. It can brake important supports, but It's not likely because it didn't do it already. See previous crashes on this market and you get what I mean.

Whoever is on the dumping side, will keep on dumping until (a) people stop buying back because they are out of ammo; or (b) they run out of ammo themselves.

The question is: "Do you feel lucky?"

People are buying back, thats the idea of support levels.

And the dumper, if they still have ammo, will profit more.

At selling at support levels? These dumpers will lose. The big dumpers who started this are the big winners. Lots of loosers here, I'm just trying to say that you don't have to be one.

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Quote from: Mirsad on November 20, 2013, 05:31:06 AM

Quote from: Parazyd on November 20, 2013, 05:27:23 AM

Choo choo!!! Get aboard Cheesy

Bull mode on.

It's going down. Time to buy cheap coins. Good for all who sold @ top. Bad for the fanatic bulls.
Turning to bear isn't allways bad.

True, and I would buy, but Bitstamp isn't letting me in Cheesy

Vycid

sr. member

Activity: 336

Merit: 250

♫ the AM bear who cares ♫

Quote from: maz on November 20, 2013, 05:29:36 AM

It cant crash anyway, Gox have their 'anti-crash-security' system in place, so if the price is going too low they will freeze bitcoin, literally, until you agree to become a bull again.

Apparently Gox also has a feature where if the price is going too high, it'll lag until you agree to become a bear again

barbs

hero member

Activity: 854

Merit: 1000

Quote from: mmitech on November 20, 2013, 05:29:41 AM

at bitstamp only users with dedicated line can ~~log in~~ trade, I was just talking to them, they are working on fixing it

Edit: can trade not log in

That's great, prepare for a huge crash

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: gandhibt on November 20, 2013, 05:31:36 AM

Quote from: BitPirate on November 20, 2013, 05:29:22 AM

Quote from: gandhibt on November 20, 2013, 05:27:31 AM

Quote from: BitPirate on November 20, 2013, 05:24:37 AM

Quote from: gandhibt on November 20, 2013, 05:13:13 AM

There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.

EDIT. apparently someone listened to me at stamp =)

Why are people so eager to call a bottom?

As you say, it's only been 1.5 days.

I'm not calling the bottom I'm just saying that the trend is not reversed yet. It can brake important supports, but It's not likely because it didn't do it already. See previous crashes on this market and you get what I mean.

Whoever is on the dumping side, will keep on dumping until (a) people stop buying back because they are out of ammo; or (b) they run out of ammo themselves.

The question is: "Do you feel lucky?"

People are buying back, thats the idea of support levels.

And the dumper, if they still have ammo, will profit more.

gandhibt

full member

Activity: 238

Merit: 100

Quote from: BitPirate on November 20, 2013, 05:29:22 AM

Quote from: gandhibt on November 20, 2013, 05:27:31 AM

Quote from: BitPirate on November 20, 2013, 05:24:37 AM

Quote from: gandhibt on November 20, 2013, 05:13:13 AM

There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.

EDIT. apparently someone listened to me at stamp =)

Why are people so eager to call a bottom?

As you say, it's only been 1.5 days.

I'm not calling the bottom I'm just saying that the trend is not reversed yet. It can brake important supports, but It's not likely because it didn't do it already. See previous crashes on this market and you get what I mean.

Whoever is on the dumping side, will keep on dumping until (a) people stop buying back because they are out of ammo; or (b) they run out of ammo themselves.

The question is: "Do you feel lucky?"

People are buying (back), thats the idea of support levels.

Mirsad

full member

Activity: 140

Merit: 100

Bitcoin - love & hate

Quote from: Parazyd on November 20, 2013, 05:27:23 AM

Choo choo!!! Get aboard Cheesy

Bull mode on.

It's going down. Time to buy cheap coins. Good for all who sold @ top. Bad for the fanatic bulls.
Turning to bear isn't allways bad.

Quote from: gandhibt on November 20, 2013, 05:29:26 AM

Funny thing is that you can't get money out from gox. All the bears that sold recently are going to buy back. This is maybe going to bounce hard.

Clever bears have allready partially bought back and made a decent increase in bitcoins. Thank you all panic bulls.

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

at bitstamp only users with dedicated line can ~~log in~~ trade, I was just talking to them, they are working on fixing it

Edit: can trade not log in

maz

full member

Activity: 140

Merit: 100

It cant crash anyway, Gox have their 'anti-crash-security' system in place, so if the price is going too low they will freeze bitcoin, literally, until you agree to become a bull again.

gandhibt

full member

Activity: 238

Merit: 100

Funny thing is that you can't get money out from gox. All the bears that sold recently are going to buy back. This is maybe going to bounce hard.

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: gandhibt on November 20, 2013, 05:27:31 AM

Quote from: BitPirate on November 20, 2013, 05:24:37 AM

Quote from: gandhibt on November 20, 2013, 05:13:13 AM

There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.

EDIT. apparently someone listened to me at stamp =)

Why are people so eager to call a bottom?

As you say, it's only been 1.5 days.

I'm not calling the bottom I'm just saying that the trend is not reversed yet. It can brake important supports, but It's not likely because it didn't do it already. See previous crashes on this market and you get what I mean.

Whoever is on the dumping side, will keep on dumping until (a) people stop buying back because they are out of ammo; or (b) they run out of ammo themselves.

The question is: "Do you feel lucky?"

hlynur

hero member

Activity: 770

Merit: 501

Quote from: wachtwoord on November 20, 2013, 05:28:19 AM

Quote from: barbs on November 20, 2013, 05:26:02 AM

Bitstamp going to the moon when no one can log in? lol

Only buyers can log in!

i want to buy, but it seems more like restricted to staff only.

wachtwoord

legendary

Activity: 2324

Merit: 1125

Quote from: barbs on November 20, 2013, 05:26:02 AM

Bitstamp going to the moon when no one can log in? lol

Only buyers can log in!

gandhibt

full member

Activity: 238

Merit: 100

Quote from: BitPirate on November 20, 2013, 05:24:37 AM

Quote from: gandhibt on November 20, 2013, 05:13:13 AM

There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.

EDIT. apparently someone listened to me at stamp =)

Why are people so eager to call a bottom?

As you say, it's only been 1.5 days.

I'm not calling the bottom I'm just saying that the trend is not reversed yet. It can brake important supports, but It's not likely because it didn't do it already. See previous crashes on this market and you get what I mean.

Parazyd

hero member

Activity: 812

Merit: 587

Space Lord

Choo choo!!! Get aboard Cheesy

Bull mode on.

barbs

hero member

Activity: 854

Merit: 1000

Bitstamp going to the moon when no one can log in? lol

seldon

sr. member

Activity: 353

Merit: 250

Bitstamp way over gox? wtf?

gandhibt

full member

Activity: 238

Merit: 100

Quote from: windjc on November 20, 2013, 05:17:54 AM

Quote from: gandhibt on November 20, 2013, 05:13:13 AM

There has been 2,5 days that the price has been higher than now. How the fuck can you people be all bear all the sudden? How happy you would have been 1,5 days ago if you could have bought coins at these cheap prices? Well, THE TREND IS NOT BROKEN, you can still buy your cheap coins.

This is all part of the process. Its part of the human condition. You can chart the exchanges and you can chart people's emotions right along with it.

We are going lower. For 12 hours. A day. A week. A handful of months. We don't know. But we are going lower until enough people say "this is a great price." And then we will go higher. For a while. And then we will go lower for a while after that. And then eventually we will go higher and a new upward trend will develop. And then we will go back and forth for a while and then a new bubble will start.

This all assumes that bitcoin and its eco-system remain stable and healthy.

How long all this takes to unwind is anybody's guess. If we don't have a turn around in the next 24-36 hours, I think this process will take a few months to unwind (at least).

You are talking about crash, but this isn't one... this is correction and big bear trap. We would have needed a bigger drop than 50% to make this a trend reversal.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 31837. (Read 26712318 times)