Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32113. (Read 26610397 times)
November 10, 2013, 12:47:59 PM
This dip is just building base camp above previous ATH.
November 10, 2013, 12:42:33 PM
Oh, there are a lot of funny people here. Have you kids never seen a weekend-dip before?
Hint: Log charts.
Hint: Log charts.
^^
This
November 10, 2013, 12:42:01 PM
Thrill. Most people bought WAY below the previous ATH and I honestly think this rise is just getting started. This drop is nothing more than smart whales taking profit and manipulating the markets to make money of weak hands, expecting a big drop. They sell off a bunch, weak hands sell. They throw a few coins at the thin ask side running the price back up for nothing, weak hands buy in, they dump again. Rinse and repeat. $400 on Gox is getting smashed through next week. I see no indication this momentum has shifted. Euphoria for most, is yet to come.
November 10, 2013, 12:39:26 PM
November 10, 2013, 12:37:57 PM
Oh, there are a lot of funny people here. Have you kids never seen a weekend-dip before?
Hint: Log charts.
Hint: Log charts.
November 10, 2013, 12:37:47 PM
I was kidding, it was a nod to proudhon.
I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.
Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.
We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.
I'm of the opinion that next bear market will be the most devastating and the longest one so far (worse than 2011) because everyone is caught up in the belief that if only they hold long enough, they cannot possibly lose out on BTC, no matter their entry price. Every dip is a buying opportunity etc.
Furthermore, the current bubble developed very quickly after only 7 months between former alltime high. So, it's a bubble on top of a bubble in the same year.
We can talk about that once we actually top out. So far, we haven't even doubled from the 266 high.
Lets get some terminology settled. A bubble is part of the hype cycle and is applicable here but overall insignificant. When in Bitcoin history it is growing at a steady rate. This growth is exponential and may or may not be a bubble. But the ups and downs are just noise.
What you refer to as a bubble is actually a run on the bank (people panicking looking to withdraw and see what is backing Bitcoin)
Bitcoin has had 7 such runs, 5 significant one's and 2 during run between peeks June 2011 and April 2013. What we can see is Bitcoin is more resilient than both free bank's and those backed by a central bank. (Bitcoin has not gone bankrupt)
The average time between each run on the "bank" is prolonged by over enthusiasm. (That enthusiasm is existing depositors re-depositing a false feedback loop)
There was a bubble in 2011 as the growth when viewed on the log scale shows. April 2013 is not. It is my opinion, that we should see a growth spurt every 6 months until the next order of magnitude, followed by a bank run from the unfaithful. (The less narcissistic the investment the more sustainable the growth) -
Typically Adams investing style grows Bitcoin the fastest.
What is Adams style investing?
November 10, 2013, 12:37:23 PM
Which stage best matches the current/recent market sentiment?
doubt
+1
November 10, 2013, 12:36:57 PM
I don't understand the psychology of some people...they panic sell even when there is not even 1 single bad new in press. I understanded the panic sell after ddos attacks or end of silk road, here it is just speculation in its pureness, right?..Bitcoin must change these pure speculators to long time believers in cryptocurrency and they have to learn actually use the bitcoin as a currency, not just as get rich quick scheme. Until than....we are not even close to going mainstream.
However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?
However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?
What makes you think it's a panic ?
You don't think some people sold in panic?...i don't think it was only people cashing out to take profits...i think many people are still in some level expecting big crashes and are scared by every 1% movement...especially now when we were reaching new ath almost every day, sooner or later we will come to a point (in some way, i believe it happened today, just in small version) where people will be more and more nervous as the price of btc (their profit) will become too siginificant to lose this kind of profit...and if you add some #1 exchange was down, many people must think the april is here again. Or do you have different opinion on the 20% drop?
No this is someone capitulating about 100K coins.
More like someone tricking a whole bunch of sheeple to dump 100K coins. The history of bitcoin has been thus that regardless of the ATH we always return to it. So someone's getting cheap coins right now.
mm' morning rabbit which way do you predict BTC will move today?
tia!---((((((((((((((((((((((((vvvvv*click*vvvvvv)))))))))))))))))))))))))))))))---
Really rpiettla is right on this one- it's just market manipulation designed to shake out weak hands. Everything that lead us to $395 is still true now. It's just the weekend, most players are enjoying their sundays and the few hanging out here aren't as experinced as the manipulators who see a chance to hoover up some nice coins. Dropping the price from $395 to about $300 gets you nearly 25% more coins if you play it right. Thats quite a nice deal for a sunday.
November 10, 2013, 12:28:58 PM
Which stage best matches the current/recent market sentiment?
doubt
November 10, 2013, 12:28:14 PM
Guys, guys! I was out digging for dead horses, and...
Which stage best matches the current/recent market sentiment?
It seems to me we climbed the whole optimism-excitement-thrill-euphoria mountain over these past few months, without really noticing.
Currently slip sliding from euphoria towards anxious denial.
Which stage best matches the current/recent market sentiment?
It seems to me we climbed the whole optimism-excitement-thrill-euphoria mountain over these past few months, without really noticing.
Currently slip sliding from euphoria towards anxious denial.
Denial
November 10, 2013, 12:27:03 PM
It's got to be already capitulation because there is no room for price to go lower. Previous ATH is never breached from above.
So it's obviously denial. 
November 10, 2013, 12:23:39 PM
It's got to be already capitulation because there is no room for price to go lower. Previous ATH is never breached from above.
November 10, 2013, 12:19:13 PM
Guys, guys! I was out digging for dead horses, and...
Which stage best matches the current/recent market sentiment?
It seems to me we climbed the whole optimism-excitement-thrill-euphoria mountain over these past few months, without really noticing.
Currently slip sliding from euphoria towards anxious denial.
Which stage best matches the current/recent market sentiment?
It seems to me we climbed the whole optimism-excitement-thrill-euphoria mountain over these past few months, without really noticing.
Currently slip sliding from euphoria towards anxious denial.
November 10, 2013, 12:13:55 PM
I don't understand the psychology of some people...they panic sell even when there is not even 1 single bad new in press. I understanded the panic sell after ddos attacks or end of silk road, here it is just speculation in its pureness, right?..Bitcoin must change these pure speculators to long time believers in cryptocurrency and they have to learn actually use the bitcoin as a currency, not just as get rich quick scheme. Until than....we are not even close to going mainstream.
However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?
However, i noticed btcchina was repeatedly down today...do you think it could have some effect on the price drop?
What makes you think it's a panic ?
You don't think some people sold in panic?...i don't think it was only people cashing out to take profits...i think many people are still in some level expecting big crashes and are scared by every 1% movement...especially now when we were reaching new ath almost every day, sooner or later we will come to a point (in some way, i believe it happened today, just in small version) where people will be more and more nervous as the price of btc (their profit) will become too siginificant to lose this kind of profit...and if you add some #1 exchange was down, many people must think the april is here again. Or do you have different opinion on the 20% drop?
No this is someone capitulating about 100K coins.
More like someone tricking a whole bunch of sheeple to dump 100K coins. The history of bitcoin has been thus that regardless of the ATH we always return to it. So someone's getting cheap coins right now.
mm' morning rabbit which way do you predict BTC will move today?
tia!---((((((((((((((((((((((((vvvvv*click*vvvvvv)))))))))))))))))))))))))))))))---
http://img.rp.vhd.me/4791515_l5.jpg
November 10, 2013, 12:04:11 PM
Well, seems that we reached the new bottom and I am really happy with it we had a "bad" week but now the new trend is obvious... so I wanna make a prediction: $400/BTC in 5 months from now.
Here is my technical analysis (as some people call it):
all opinions are welcome
we had a "bad" week but now the new trend is obvious... so I wanna make a prediction: $400/BTC in 5 months from now.Here is my technical analysis (as some people call it):
all opinions are welcome
btw i was joking when i said double digits :-)
November 10, 2013, 12:02:30 PM
We need bears who are too bearish for their own good, things are looking better here now than when everyone was bullish and cheering. 
November 10, 2013, 12:01:31 PM
November 10, 2013, 11:53:48 AM
^ No way that is a serious post. I refuse to believe it...
I do like the color you chose for the arbitrary lines though. Usually people just go with red, but I see you got creative with purple.
I do like the color you chose for the arbitrary lines though. Usually people just go with red, but I see you got creative with purple.
November 10, 2013, 11:51:01 AM
You always told me that this was a bad sign
i think there's a chance we may go under 300 tomorrow. I'd see it as an opportunity to buy.
Just a reminder that 6 days ago the price was 220:
If we have just one more dump in the next hour the new trend is evident.
new trend? this looks pretty bearish to me... so far so good:
Maybe I'm crazy but I'm expecting something like this:
I CANT BELIEVE IM REPLYING A TROLL!
November 10, 2013, 11:48:20 AM
[...]
Funny the herd mentality. At ~$400 (Gox), we were "going to 1k!" before a correction back to $500, etc. Now, at a 25% discount (and no devastating news, etc.), everyone is too scared to buy. "Going to zero!!!" "Get out get out!!" lol!
What's changed in 48 hrs to make a 25% discount such an obviously bad opportunity?
Funny the herd mentality. At ~$400 (Gox), we were "going to 1k!" before a correction back to $500, etc. Now, at a 25% discount (and no devastating news, etc.), everyone is too scared to buy. "Going to zero!!!" "Get out get out!!" lol!
What's changed in 48 hrs to make a 25% discount such an obviously bad opportunity?
You must be kidding me! until the last three days I was flooding this damn forum telling all you this was going to happen, can you check my posts please? thank you
The market was going up, day after day, and you "predicted" a mathematical certainty (that there would eventually be a correction or crash)?
Oh, thank you guru. Good luck with your double digit goals. Did you sell at $205 a few weeks ago expecting to pick up some "cheap coins"?
Jump to: