Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32801. (Read 26623548 times)

the calm b4 the storm?

come back at 7:00 EST?

+1

Screw the sharing part though, I'm hoarding like a bugger. Backing it up with excessive firepower as well 

Very well said!
This scenario is quite likely.

It is worth noting (even though I have been in and out of BTC lately):

At some point in the next year or a bit later, maybe even in a few months, you are going to see one of Spain, Portugal, Italy, etc. go under (Banking system or a large part there of).
When that happens (or as we approach it and it is obvious to some), you are going to see the BTC price explode. Absolutely explode. Your reaction will be like swimming in the ocean and
seeing a 21ft Great White Shark nearby, but just far enough away for you to maybe make it. It will shock you and you will remember it forever. It will be a bubble though and it will correct, unless we have a wider systematic collapse. But, it will not correct fully down as many of the 12 million or so coins out there will be in strong hands. It will probably be an extrapolation of what we have already seen.

So, we are all playing a game. Yeah, we don't want to get caught in BTC if it corrects again hard down. But we all know the times we are living in. If we were living in
times of solid banking and not as corrupt governments, BTC would depend solely on it's low transactions fees, perhaps the darknet, etc. But we are living in times where Central banks (ECB) take 47.5% of
your money in a bail-in and other countries are seeing that as a model.

Good luck to you all, but lets not simplify things. It can go any way at any time. Be careful and don't lose sight of that and don't lose sight of what BTC represents.

Enjoy the ride and don't forget that when the shit does hit the fan,
It's about sharing

no, not again this chart.
bears ran out of arguments or what?  

at basis this chart is perhaps good but it doesn't reflect the different circumstances of btc.
We are not even nearly in public phase. Institutional investors?
ehm not really, winklevoss twins are trying to be one perhaps?
If there are any other big players they haven't thrown out their name in the media until now.
more will come after regulations and problems with banks are figured out, everything is blurred by these subjects.
this chart relys solely on data from stockmarkets or am i wrong?
everytime i speak to people on partys or somewhere else nobody has heard nearly anything about virtual currencies.
(some tech-savvy people read about it but most didn't feel like getting into it)
people in this forum need to realize that they got so used to bitcoins everyday in their small bubble they forget that we still represent a minority
and perhaps not more than 1 of 10000 people of society has even heard of it. (don't quote me on that, i've never seen any statistics)
awareness will rise when fiat value will become more questionable or more crisis occur. john doe can't be forced to his luck, he must learn the hard way.

in combination with the phases this chart is used way too early.
Just believe it, we still represent the smart money!

in my super humble opinion we are still in the Greed stage. Bubble hasn't fully inflated yet.

personally i think it is pretty good. speaking from my experience 

nope.

simply because this silly simplified graph has proven itself to be wrong over and over again. at best, we are at the stage of takeoff or even before. and the rest is undecided.

Or maybe in the bear trap after the first selloff http://bitcoincharts.com/charts/mtgoxUSD#rg60zigDailyzczsg2010-06-24zeg2011-04-03ztgSzm1g10zm2g25zxzi1gMACDzi2gRSIzv

Care to go short dear bears?

and again: nope

 The return to normal is the first bull trap after the crash, that is what it is... remember this return to normal,  fear, Despair, are the emotions the little people have.

we are back to the mean, deal with it!

nope  

 The return to normal is the first bull trap after the crash, that is what it is... remember this return to normal,  fear, Despair, are the emotions the little people have.

we are back to the mean, deal with it!

I had the impression that we were back to normal when we were last at 130, so there's that

We do appear to be at the 'return to normal' stage - however this is Bitcoin.

I have some Bitcoin but still have plenty of USD on hand to buy more should the price start to move in either direction.

That is not exactly true. The volume that got us here was huge. Big buyers buying 500-1000 BTC's a pop. When that buying stops, it doesn't mean interest is dead. It doesn't mean support is gone. People with the kind of money that we have witnessed since it bottomed at $65 are probably not afraid to somewhat support their investment. That said, this is a speculation and we are taking a chance.

Yes, we can go down, but the buy side has increased. But, it doesn't matter if me and you are doing the buying. It's those whales. They move this market now.
They probably hope that all that cash on the exchanges starts to come back into BTC and it is showing signs of that (Just watch the block sizes being bought and sold).

If you are a TA guy, things have turned. The weekly and monthly charts have changed. It does seem the big money follows TA and uses it to their advantage. Considering that, I'd say we go up. But, anything is possible...

There's no volume, it might break down also from here. It should have broke 115 USD so that it would be more possible to break up. Just have to wait a little longer so we know.

Oops, guess http://trading.i286.org/ CampBX info ticker died. It still says 88, lol.