Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 32975. (Read 26610084 times)

Sucker's rallies dont generally include million dollar market orders. With bidwall backing. And those asks? They arent refilling.

The bids? Still up. Well over 11 million now.

Why not? Pretty nice sucker rally from 60s. Extracting myself some nice dollars.  

A giant sell had its chance many times at 76-77. Only a large one came, and no one followed. Megabull's walls are gone [until 78], so if they wanted top dollar, they'd have sold into the 80 wall.

Indeed a minute or two couldn't hurt

I'm watching the $85 89 (was eyeing it) level or so, that is the key point to this rally. And even if we break it I am still very leery about this "rally".
Sure, a few more people come in and buy up 6000 coins we will go up. But there are a whole lot of guys looking to sell their lot and
those bids are going to be placed and fill up behind us very shortly. Have to see if a big giant sell order comes around the 85 or so level.

IAS

It's time for such a rebound - it may well last until $95-100 - but I also think there is more room for fresh breath at prices lower than $66. Not much has changed fundamentally.

They both say go out, enjoy and forget about trading.

This is true, Bitcoin as a speculation medium and as a currency don't go together.  If Bitcoin ever gets accepted and used widely as a currency it will lose its volatility but gain massively in value.  That I suppose would be the final deal for us daytraders but a good one if you were holding coins.  It's only because a Bitcoin doesn't represent a certain amount of goods that this wild fluctuation in its value happens, it's just traded by us lot more than any other use.

I do. 

can anyone explain to my, how to understand the green and red bars at bitcoinity? Thanks you.

I like you a lot better upside down.

I'm in Germany as well and do worry a bit about the future of Bitstamps bank in Slovania. I think they are fine for the rest of the year but who knows about the future.
I haven't traded on bitcoin.de in a while as it takes so long transferring money to another persons account, waiting for the verification, etc. Also been taken advantage of their 2X.

Do you know when we can use the Bitcoin.de new banking partnership? They hopefully have made changes to their account already to allow for easy integration.

This is just because people didn't know about good news. Thanks for sharing! We will brake 266 any minute.

Seriously, this will end up pretty bloody.

I must be in denial because I don't buy this "rally" for a minute.

Reading this thread can be kind of amusing to a long-term bitcoin investor.

I'm sure there is a lot of fun (and profit) to be made day-trading bitcoin (or anything else I guess), but I've never done that, nor have I ever even attempted to do so.  It's just not my thing. I do play a game of poker socially from time to time and that's about as close as I get.

That said, I am still a bitcoin 'investor'.  I own a measly 100 bitcoins. My average buy price was at $100 apiece, that's 10k, which is a decent chunk of change to me.

I have only bought bitcoins, I have never sold them.

My intention is to sell my coins in about 2-5 years when I expect them to be either (A) worth at least a couple of times what I paid or (B) worthless.  I suppose I could make additional money day trading but, as I said, that's not my interest or expertise.  I got a day job I gotta feed.

I would also like to use them to buy stuff, but this reveals an interesting psychology about bitcoin.  

While you day traders churn the price for your entertainment and profit, it can make someone a little leery about using it as a 'currency' to buy things if their purchase also represents a loss.  

So far I haven't actually 'lost' any money because I haven't sold any coins.  I will only ever lose money if I sell them below the average $100 price I paid for them.  But, if I use my bitcoin as a currency to actually buy something when the price is below a $100, then I *am* 'losing money' on that purchase.  I would rather use fiat to buy it than realize the loss on my 'investment'.  

The idea that bitcoin is both an investment/speculation and a currency at the same time can sometimes seem a bit schizophrenic.

I had this thought the other day when people were freaking out about the most recent 'crash'.

"Freaking out because the price of bitcoin rises or falls on any given day is like freaking out about your Apple stock because Steve Jobs yelled at Wozniak in 1980."

See ya all in about 2-5 years......

Yes, a lot were. You think you're special, and that your few word post was worth of being repasted as an awesome, accurate prediction?  



Regardless, MegaBull is running out of cash. He's only got about 3k left on 78 it appears. Maybe a few more k hidden, but I think he's played all of his cards now.

 

This wall scheme is getting so obvious now.  They push the price down over weeks, everyone gets scared and sells them their cheap coins.  Obviously they're going to push the price up again because they want us all to get bullish so that they can dump those cheap coins on us for top dollar, then depress the price over a few weeks to start all over again.  Well if that's their plan I don't mind too much, that's also volatility and it can be profited from if you don't get suckered into giving up your coins for peanuts.

In this case Wallzilla's plan seems to have come unstuck a bit because Megawallzilla got bored of waiting and bought Wallzilla's wall for peanuts too.  It's funny sometimes watching two of these guys playing against each other, when I see that I just hold because there's no way to know which direction the price will go in.

Yeah..because so mny people were saying we're going over 80...84 look at that.