Hey I said DON'T crash the market whilst I'm out buying more coffee. Come on, own up, who was it?
Jaroslaw, obv.
this +1
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33015. (Read 26685237 times)
July 08, 2013, 06:42:15 AM
Jaroslaw, obv.
this +1
July 08, 2013, 06:38:26 AM
Hey I said DON'T crash the market whilst I'm out buying more coffee. Come on, own up, who was it?
Jaroslaw, obv.
July 08, 2013, 06:37:28 AM
200 day EMA (blue line): once support, now resistance
And it is worth noting that the 20 crossed under the 100EMA around July 1st.
Now, the 10 is about to cross under the 200.
July 08, 2013, 06:36:26 AM
Just a random observation from blockchained :
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
No thoughts, but i looks interessting.
I ll keep a look at this.
July 08, 2013, 06:33:54 AM
Awww i can relax agian, have waited for this all day long !!
July 08, 2013, 06:32:47 AM
Hey I said DON'T crash the market whilst I'm out buying more coffee. Come on, own up, who was it?
July 08, 2013, 06:23:14 AM
Big sells coming, will the rally last today? Or are we heading sub 70.
Edit: Pop pop pop, watching that drop.
Edit: Pop pop pop, watching that drop.
July 08, 2013, 06:11:17 AM
Nothing changed. Just gox got a bunch of moniez from fees 
July 08, 2013, 06:00:53 AM
July 08, 2013, 05:47:03 AM
all of the coins that you guys sold have been bought up. this wall at 80 is holding the price down so bitcoin can be bought at a low price. look behind the wall and this will give an indercation of the availability of bitcoins. when that wall is pulled or sold there won't be many coins available.
This is why I haven't sold, I've seen this trick too many times. I'm also trying to stick to a strategy of trading on medium and long term established trend changes rather than reacting to reversals immediately in panic. This might cut down my ability to make a huge markup but it seems to cut down even more my tendency to jump the wrong way and make a huge loss, so overall it's working out better (and less stressful) for me. I might not be a noob any more but I'm well aware that I'm no pro either so I'm slowly evolving a strategy over time that works for me, and having a strategy and sticking with it seems to be more effective than just spontaneously reacting to things as they happen. Of course though, if I see something that's obviously going to earn me a little in the short term then I'm not going to ignore it, but I'm trying to avoid risky behaviour.I saw this one coming as it was trending down for a fair while, I managed to sell in the 90's and I bought up at 66.63 and up. it's been a good run to increase my total coins. If it starts to fall again the same thing will be done. now is the time to make some coin but there's no time to do anything else because you need the finger on the pulse. it pays well though;)
And on that note I'm going to the shops to buy some more coffee as I've run out. Try not to crash the market whilst I'm out please guys!
July 08, 2013, 05:45:12 AM
Just a random observation from blockchained :
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
I can't help but to notice 2 things :
* we just touched and bounced off the dotted line - long-term trendline - which has provided good support since day 1.
* "mining factor" is almost at an all time low, and has been dropping like crazy lately.
Thoughts ?
July 08, 2013, 05:41:07 AM
all of the coins that you guys sold have been bought up. this wall at 80 is holding the price down so bitcoin can be bought at a low price. look behind the wall and this will give an indercation of the availability of bitcoins. when that wall is pulled or sold there won't be many coins available.
This is why I haven't sold, I've seen this trick too many times. I'm also trying to stick to a strategy of trading on medium and long term established trend changes rather than reacting to reversals immediately in panic. This might cut down my ability to make a huge markup but it seems to cut down even more my tendency to jump the wrong way and make a huge loss, so overall it's working out better (and less stressful) for me. I might not be a noob any more but I'm well aware that I'm no pro either so I'm slowly evolving a strategy over time that works for me, and having a strategy and sticking with it seems to be more effective than just spontaneously reacting to things as they happen. Of course though, if I see something that's obviously going to earn me a little in the short term then I'm not going to ignore it, but I'm trying to avoid risky behaviour.I saw this one coming as it was trending down for a fair while, I managed to sell in the 90's and I bought up at 66.63 and up. it's been a good run to increase my total coins. If it starts to fall again the same thing will be done. now is the time to make some coin but there's no time to do anything else because you need the finger on the pulse. it pays well though;)
July 08, 2013, 05:31:37 AM
all of the coins that you guys sold have been bought up. this wall at 80 is holding the price down so bitcoin can be bought at a low price. look behind the wall and this will give an indercation of the availability of bitcoins. when that wall is pulled or sold there won't be many coins available.
This is why I haven't sold, I've seen this trick too many times. I'm also trying to stick to a strategy of trading on medium and long term established trend changes rather than reacting to reversals immediately in panic. This might cut down my ability to make a huge markup but it seems to cut down even more my tendency to jump the wrong way and make a huge loss, so overall it's working out better (and less stressful) for me. I might not be a noob any more but I'm well aware that I'm no pro either so I'm slowly evolving a strategy over time that works for me, and having a strategy and sticking with it seems to be more effective than just spontaneously reacting to things as they happen. Of course though, if I see something that's obviously going to earn me a little in the short term then I'm not going to ignore it, but I'm trying to avoid risky behaviour.I'm not investing that much yet though, partly because I know I'm not that skilled at trading yet and partly because I'm a skint hippie. However, this week I made a 40% profit and can now join the Hitler Club: https://www.youtube.com/watch?v=4axmD2YvPnA
My previous way of trading just consisted of profit and loss cancelling each other out, meaning that I was getting nowhere. Each day I learn a little more.
July 08, 2013, 05:27:09 AM
all of the coins that you guys sold have been bought up. this wall at 80 is holding the price down so bitcoin can be bought at a low price. look behind the wall and this will give an indercation of the availability of bitcoins. when that wall is pulled or sold there won't be many coins available.
And then comes the next wall, just puff and there it is. Orderbook doesn't mean much. Whales say where we go.
July 08, 2013, 05:22:16 AM
all of the coins that you guys sold have been bought up. this wall at 80 is holding the price down so bitcoin can be bought at a low price. look behind the wall and this will give an indercation of the availability of bitcoins. when that wall is pulled or sold there won't be many coins available.
July 08, 2013, 05:01:34 AM
July 08, 2013, 04:42:27 AM
There's no fundamentals of downtrend. Downtrend continues until whales buy enough and that's it. They just think that they get more coins from lower prices and that's why we are going to there. They use "standard bubble deflation" work for them. These bounces are here for the same reasons: to shake weak hands.
Fundamentals are the reason why bitcoins biggest trend will always be up, atleast until fundamentals change and they haven't changed ever yet.
Fundamentals are the reason why bitcoins biggest trend will always be up, atleast until fundamentals change and they haven't changed ever yet.
July 08, 2013, 04:38:56 AM
is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any. 
BTC don't give a fuck about reasons
Spot on!
July 08, 2013, 04:27:51 AM
is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.
Exactly, Fundamentals of the downtrend has NOT changed. Its is an attempt by some big actor(s) to uplift the price to dump at better price.
Notice there is no panic buying and volume is not great.
No new influx of USD, no world economic crash, no excellent news for bitcoin, A great price to Sell i say.
July 08, 2013, 04:26:41 AM
is there ANY reason why coins today should be worth 20-30% more than yesterday? I don't see any.
Is there ANY reasons why coins today should be worth 6-fold more than in January?
Bit coin may have the advantage over fiat in that the 21 million BTC limit prevents inflation and endless money printing, but it's just the same as fiat in that its only value is the faith that people place in it - in fact it's worse in this respect because due to being almost impossible to spend in the shops people don't automatically equate a certain amount of BTC with an amount of goods - this is why the price fluctuates wildly, until you can spend it normally its only value is that given to it by investors and speculators. This is good for day traders but not so good for BTC itself being taken seriously as a currency. People say it won't become a mainstream currency for normal people to shop with until it becomes stable, personally I think it's the other way around.
Jump to: