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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32122. (Read 26611006 times)

sr. member
Activity: 378
Merit: 255
bears come from the cave right when the price starts to fall =D cheap coins buy them, this rally is not end yet, just a major correction.

+1 just a major correction from a fail to break 400 on a saturday.
Usual bear panic attack on a week end. Remember cash piling in next week.

$250 by midnight EST
$189 by midnight Sunday EST

I'll give you $290, even though it rebounded.  I don't think we'll see $1xx on Mt. Gox again, ever.
legendary
Activity: 2324
Merit: 1125
sr. member
Activity: 532
Merit: 261
­バカ
Can I have some kind of prize?  Tongue

legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1148
Merit: 1018
Well, the good old weekend dip is back. I almost forgot that 95% of my BTC were bought on "weekend dips" Cheesy
donator
Activity: 2772
Merit: 1019
I wonder if this has anything to do with the resilience in price over the past 24hs.

Quote
Max Keiser ‏@maxkeiser

We are waiting to hear about a new MAJOR Bitcoin player news tomorrow... could boost price guidance.

https://twitter.com/maxkeiser/status/399173865026224128


If this has something to do with Bitmit suddenly shutting up shop then we're only in the foothills.

I think it was this (already reported here):
http://www.coindesk.com/shopify-integrates-bitcoin-payments/

probably... or are there other news today?
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
Yeah baby!!!
VOLATILITY!!!
full member
Activity: 202
Merit: 100
about that fresh money thing on stamp tomorrow...

30 min ago my deposit from friday morning appeared in my account.

XXXX Eur via SEPA

Same here - placed transfer late on Thursday, wasn't expecting it today...
member
Activity: 96
Merit: 10
about that fresh money thing on stamp tomorrow...

30 min ago my deposit from friday morning appeared in my account.

XXXX Eur via SEPA
legendary
Activity: 1078
Merit: 1006
100 satoshis -> ISO code
Based on the peak and flash-crash low, the equilibrium price for bitstamp is $311 and mtgox is $338
I would expect stabilization around those until Monday when more fiat arrives, pressing the uptrend. Perhaps less likely is lack of new fiat and another bout of profit-taking occurs.
legendary
Activity: 1148
Merit: 1018
Looks like Europe will be waking up just a little bit to late to actually profit from this short opportunity.
As various others have said here, holding seems to have been the most profitable action anyone could have taken throughout the last six months four years

Fixed for you.
sr. member
Activity: 532
Merit: 261
­バカ
Maybe I'm crazy but I'm expecting something like this:



This made me laugh.  Cheesy

I don't know why, until now it's 100% accurate Cheesy



it's happening
full member
Activity: 238
Merit: 100
just woke up, had to wake up 3 times last night! what a night, but very nice to bitcoin and to my wallet. we might revisit <300, but if then it will be shortly, bear trap is now so obvious that even the biggest bears have to admit it =) in bitstamp
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 874
Merit: 1357
Looks like Europe will be waking up just a little bit to late to actually profit from this short opportunity.

Just waking up to see that, thankfully, I missed the action - sleep made me continue on my longterm hold policy.  As various others have said here, holding seems to have been the most profitable action anyone could have taken throughout the last six months, unless you have sufficient coins to massively manipulate the market.

Keep on holding I reckon, or risk missing the boat (replace "boat" with "rocket" or "moon" if you prefer that lingo)
legendary
Activity: 874
Merit: 1357

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

+1
full member
Activity: 196
Merit: 100
Feel free to pick one.

1Moon3DvvYsYrVKP855PndDBHCGZFaCipE
1CRasHg6LfRiCbXZxKwjPRbc4Jsi8NZrg5
1EaRtHam4y1mWGhTfRDH3cZ49WTvkbinot
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 196
Merit: 100
Panic some more, please. It is so fun to watch Smiley


What we are seeing now was not so hard to predict:

Flashcrash alert.

The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.

Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.

Risk of a change in main trend is low.

Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.
AND in addition to that he predicted the fibonacci retracement, which could be observed today!
hero member
Activity: 574
Merit: 500
Panic some more, please. It is so fun to watch Smiley


What we are seeing now was not so hard to predict:

Flashcrash alert.

The rest of the week may be choppy since we are already so much higher than last week. The weekly gains tend to normalize, and I would not be surprised to see Sunday at around 280-300 like we are now.

Retest of previous ATH from the above in the form of flashcrash is probably coming. I don't believe sub-250 territory will be visited except during the flashcrash.

Risk of a change in main trend is low.

Looking forward, it is better to buy now than wait. I would be wary if price goes 600+ in November or 700+ in December, since they may be overextended.

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

Fiat never cleared before friday. Probably Monday if I am lucky... otherwise the buy order sitting at 266-280 range would've been executed. Shakes Fist at slow fiat systems.
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