Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32032.

maz

full member

Activity: 140

Merit: 100

Quote from: gandhibt on October 29, 2013, 03:42:20 PM

Quote from: rpietila on October 29, 2013, 01:40:13 PM

Quote from: theonewhowaskazu on October 29, 2013, 01:36:49 PM

Note to self: Below $200 == dip.

Yeah, the times are back..

Quote

holding fiat or anything else equals shorting bitcoin, 'cause you could have bought bitcoins if you sold that other stuff

I'm starting to feel sick if i'm not 100% BTC at times like these.

Someone should write a piece on Bitcoin psychology! I read posts from people trying to predict future price, and they say things like 'get in quick before the door closes cos its $1000 per coin soon choo choo, blah blah' you start shitting yourself.

Then I go to the in-laws farm for the weekend and no one in that village has even heard of bitcoin....and I start thinking, whats all the fuss about?

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: gandhibt on October 29, 2013, 03:42:20 PM

Quote from: rpietila on October 29, 2013, 01:40:13 PM

Quote from: theonewhowaskazu on October 29, 2013, 01:36:49 PM

Note to self: Below $200 == dip.

Yeah, the times are back..

Quote

holding fiat or anything else equals shorting bitcoin, 'cause you could have bought bitcoins if you sold that other stuff

I'm starting to feel sick if i'm not 100% BTC at times like these.

How will you feel if the bearish wedge we are seeing now breaks downwards? Cheesy

gandhibt

full member

Activity: 238

Merit: 100

Quote from: rpietila on October 29, 2013, 01:40:13 PM

Quote from: theonewhowaskazu on October 29, 2013, 01:36:49 PM

Note to self: Below $200 == dip.

Yeah, the times are back..

Quote

holding fiat or anything else equals shorting bitcoin, 'cause you could have bought bitcoins if you sold that other stuff

I'm starting to feel sick if i'm not 100% BTC at times like these.

Kupsi

legendary

Activity: 1193

Merit: 1003

9.9.2012: I predict that single digits... <- FAIL

Quote from: maz on October 29, 2013, 03:09:08 PM

I think there are 3 types of bitcoiners at the moment.

1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.

2) day traders, don't care what the price is but the market volatility just now is not inviting to participate in.

3) October 2013 new blood from recent spike, to these folk anything under $230 is a good price as they have seen it's potential. They are probably the ones fueling this dance around the $200 mark.

A lot of excitement about the price rise recently but it appears to have no determination to continue. i think we are looking at $140 - $170 without a panic, in the following weeks. With panic who knows....The Chinese love their money, if it starts disappearing in front of their eyes....

4) True believers which think everything below $10,000 is too cheap to sell.

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: SheHadMANHands on October 29, 2013, 03:36:35 PM

Quote from: ardana123 on October 29, 2013, 03:32:41 PM

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.

Not greed, speculators play a very important role in markets. And obviously it's valued on its potential. You'd be a pretty broke investor if you weren't looking or attempting to anticipate the future.

Indeed, some investors are investing long term based on potential. But many are trading based on short to mid term profits -- they aren't the crowd going on about 7-figure $ value BTC.

Luzio

newbie

Activity: 51

Merit: 0

Quote from: maz on October 29, 2013, 03:09:08 PM

1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.

Yep, that's me. I wouldn't mind if the price goes up more, but I wouldn't buy more at these prices, let the others take the high risk.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Quote from: ardana123 on October 29, 2013, 03:32:41 PM

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.

Not greed, speculators play a very important role in markets. And obviously it's valued on its potential. You'd be a pretty broke investor if you weren't looking or attempting to anticipate the future.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: SheHadMANHands on October 29, 2013, 03:33:53 PM

Quote from: mccorvic on October 29, 2013, 03:32:10 PM

Quote from: SheHadMANHands on October 29, 2013, 03:28:57 PM

10$ to 100$ in a few months and we hear nothing...

Going from 1$ to 100$ isn't even questioned

Man, you really weren't around back then, were you?

Going from $5-$10 was questioned by the bears just as loudly as $100-200. A few bears even had "Single digits in April 2013" as a mantra.

It's psychology. Do you see how epic 100$ to 200$ seems to a bear? It's a mere double up. 1$ to 10$ is a 900% increase.

And I meant we hear nothing now, not then.

Ah, gotcha. I agree with you

After a few years of this, you WOULD think bears would get used to the possibility of bitcoin just shooting up obscene percentage points, but they don't.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

Quote from: mccorvic on October 29, 2013, 03:32:10 PM

Quote from: SheHadMANHands on October 29, 2013, 03:28:57 PM

10$ to 100$ in a few months and we hear nothing...

Going from 1$ to 100$ isn't even questioned

Man, you really weren't around back then, were you?

Going from $5-$10 was questioned by the bears just as loudly as $100-200. A few bears even had "Single digits in April 2013" as a mantra.

It's psychology. Do you see how epic 100$ to 200$ seems to a bear? It's a mere double up. 1$ to 10$ is a 900% increase.

And I meant we hear nothing now, not then.

ardana123

hero member

Activity: 504

Merit: 500

That's just it. For the tiny "market" bitcoin actually services at this very moment, the 2 billion cap is grossly overvalued.

Undervalued like hell though when you look at the potential of this thing and the scope of things to come. So it's just people speculating for a profit right now. Greed at work.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: SheHadMANHands on October 29, 2013, 03:28:57 PM

10$ to 100$ in a few months and we hear nothing...

Going from 1$ to 100$ isn't even questioned

Man, you really weren't around back then, were you?

Going from $5-$10 was questioned by the bears just as loudly as $100-200. A few bears even had "Single digits in April 2013" as a mantra.

SheHadMANHands

legendary

Activity: 1168

Merit: 1000

You bears are going to be pissed pretty soon (probably already).

10$ to 100$ in a few months and we hear nothing. Now 100$ to 200$ over 6 months, with new investors and positive news, and that's unsustainable.. Roll Eyes

Going from 1$ to 100$ isn't even questioned, but a double up over 6 months and everyone is shitting their pants. Do you realize how tiny this market still is? 2 billion market cap, lol.

DougTanner

sr. member

Activity: 280

Merit: 250

Gox going up.

mccorvic

hero member

Activity: 518

Merit: 500

Quote from: maz on October 29, 2013, 03:09:08 PM

The Chinese love their money, if it starts disappearing in front of their eyes....

I hate to break it to you, but everyone loves their money.

Don't be racist

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: zby on October 29, 2013, 03:04:02 PM

Hourly MACD diverges as well.

Ah, bitcoincharts has been down. Anywhere else I can view technical indicators?

MAbtc

hero member

Activity: 826

Merit: 508

Quote from: maz on October 29, 2013, 03:09:08 PM

A lot of excitement about the price rise recently but it appears to have no determination to continue. i think we are looking at $140 - $170 without a panic, in the following weeks. With panic who knows....The Chinese love their money, if it starts disappearing in front of their eyes....

I'm starting to feel this way. Any Eliot Wave folks around here? I remember notme posting that the $233 peak was the start of an ABC corrective wave downward -- would love to see some pictures.

maz

full member

Activity: 140

Merit: 100

I think there are 3 types of bitcoiners at the moment.

1) The pre-$135/btc long term holder, who knows that right now btc's true value is not ~$200 and they will not buy at that price, when a discount may be around the corner, and feel btc's true value is around $100-$150.

2) day traders, don't care what the price is but the market volatility just now is not inviting to participate in.

3) October 2013 new blood from recent spike, to these folk anything under $230 is a good price as they have seen it's potential. They are probably the ones fueling this dance around the $200 mark.

A lot of excitement about the price rise recently but it appears to have no determination to continue. i think we are looking at $140 - $170 without a panic, in the following weeks. With panic who knows....The Chinese love their money, if it starts disappearing in front of their eyes....

TERA

hero member

Activity: 728

Merit: 500

Have a look at 4h and 1d also...

zby

legendary

Activity: 1592

Merit: 1001

Quote from: TERA on October 29, 2013, 02:56:08 PM

Quote from: MAbtc on October 29, 2013, 02:39:10 PM

Quote from: TERA on October 29, 2013, 02:34:02 PM

I still see a bearish wedge on gox.

Yes, I've been watching this bearish wedge continue to rise following the correction, and wonder if it will indeed break downwards. Is this the one you mean, or are we on different time frames?

No volume here.

Yup

I'm not going all in until that breaks upward.

Hourly MACD diverges as well.

ChartBuddy

legendary

Activity: 2324

Merit: 1801

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32032. (Read 26471458 times)