It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33141. (Read 26465551 times)
June 02, 2013, 12:06:38 PM
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
It's people cashing out. Not rebuying. Not a good sign.
June 02, 2013, 12:06:28 PM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
Selling in one wave doens't do that much damage and they had to keep an extra if the price bounced back.... like it happend.......
Also they need to restock on their way down ....for further dumps
But this pure speculation, and I really doubt that it was an attack.
June 02, 2013, 12:05:37 PM
Wheeeee!
June 02, 2013, 12:02:36 PM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
Not enough volume at this point?
June 02, 2013, 12:02:03 PM
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
Finding the 2011 bottom took a loooooong time.
It was a never ending excruciating winter. I suspect many newcommers will die in the process.
June 02, 2013, 12:01:35 PM
It looks like an attempt to sell just to make Bitcoin prices lower.
I wonder why they did not just do that. At one point it cost only around 200 BTC to break 115.
June 02, 2013, 12:00:56 PM
June 02, 2013, 11:57:47 AM
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
You just have to rub it in, don't you ? IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
June 02, 2013, 11:56:57 AM
It looks like an attempt to sell just to make Bitcoin prices lower.
June 02, 2013, 11:56:28 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now. 
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?
No, people just want to sound badass. It's the absurd attitude of "oh, i'm not afraid of price drops,it's food for me, I earn money with it".
It's pathetic indeed... noobs learn the hard way that trading is just a complicated way to loose money in the long run. Investing is a fundamentally different thing than trading. But those who know how to invest are just a tiny amount of people compared to the huge wave of dumb big mouth pseudo-traders.
It's absurd to look at a 120->50 drop as an opportunity to get 'cheap coins'. What are 'cheap coins'? Where is it written that bitcoins will worth much more than they do now even if they can drop to 50 every now and then? 50 usd might be extremely expensive coins if bitcoin goes down to 1 usd.
Look at the posts yesterday... no mention whatsoever about a price drop. someone dumps a huge amount of BTC on MtGox then suddenly everybody was expecting it and was just waiting for an opportunity to buy coins. Yeah, sure.
Funny thing no one even thinks about the perfect opportunity that the seller caught. There was a massive bid wall, whomever had a big amount of coins to sell could comfortably do it without seeing their order stretching over a 20 dollar wide price range beyond the trading price. It was nothing but the perfect timing to cash out to fiat if you had a big amount of BTC.
It's the same when the walls show up. Everybody is a market analysis specialist and is 100% sure of their stupid explanation of how every wall is 'obviously market manipulation'. I find it quite entertaining, just look at the market the last couple of weeks. Bitstamp wall is 2~3 weeks old and has held there with the price scratching it every now and then, MtGox wall gets consumed. Manipulation theorists could simply shut up, but they are already busy saying that they have always been bears.
What are you talking about?
cheaper coins are expected unless some whales hop on the train
All the indicators are screaming "down" ATM.
I'm on my cell phone so I cannot easily quote more posts from other members, but I can guarantee you that there were a lot of posts screaming about a move downwards during last week.
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
Time to build up funds if we do break support, try to best "guess" the next bottom and build on your position.
There is just too much happening with BTC to run away. Great buying opportunity considering support (technically & somewhat fundamentally) has been building.
Considering this was a manipulative weekend sell that initiated things, should be an interesting week. Do those VC's and such that are buying into and around Bitcoin, bully up and support it? My guess is yes, but who knows.
June 02, 2013, 11:56:06 AM
I regret not putting in a stop order. . Well, lost $40. Now I'm shorting, to see where that gets me.
I think there are still people waking up like me and seeing what has happened, and then selling.
I think there are still people waking up like me and seeing what has happened, and then selling.
So in essence your strategy is "buy high, sell low"?
I think in essence his strategy is "sometimes sell lower and buy even lower"
Ok, maybe it`s "follow the trend/herd/bellwether".
June 02, 2013, 11:52:19 AM
I regret not putting in a stop order. . Well, lost $40. Now I'm shorting, to see where that gets me.
I think there are still people waking up like me and seeing what has happened, and then selling.
I think there are still people waking up like me and seeing what has happened, and then selling.
So in essence your strategy is "buy high, sell low"?
I think in essence his strategy is "sometimes sell lower and buy even lower"
June 02, 2013, 11:51:31 AM
I regret not putting in a stop order. . Well, lost $40. Now I'm shorting, to see where that gets me.
I think there are still people waking up like me and seeing what has happened, and then selling.
I think there are still people waking up like me and seeing what has happened, and then selling.
So in essence your strategy is "buy high, sell low"?
June 02, 2013, 11:48:04 AM
I regret not putting in a stop loss order. . Well, lost $50. Now I'm shorting, to see where that gets me.
I think there are still people waking up like me and seeing what has happened, and then selling.
I think there are still people waking up like me and seeing what has happened, and then selling.
June 02, 2013, 11:46:39 AM
June 02, 2013, 11:46:27 AM
I think some try to read too much into this, it's just big players trying to manipulate the market to their advantage. There is no reason to get wet dreams about $50 already, bitcoin does whatever the fuck it wants. Perhaps tomorrow it will rally up to $140. At least that sounds more likely than seeing $50 again just because some whales had a pillow fight just now.
That's what scares me the most. The amount of people who can't wait for the price to drop to 50. Their greed is more important to them than the coin surviving at all.
I doubt they even realize how very bad a drop to 50 right now would be.
Wrong, a sell off down to $50 assuming it held would make a triple bottom and would form a good basis for going up from there.
If only it wouldn't go up so fast.
Remember the price was $50 only a few weeks ago.
You are seriously saying a crash to 50 at this point wouldn't cause massive loss in confidence? You are joking right?
No, people just want to sound badass. It's the absurd attitude of "oh, i'm not afraid of price drops,it's food for me, I earn money with it".
It's pathetic indeed... noobs learn the hard way that trading is just a complicated way to loose money in the long run. Investing is a fundamentally different thing than trading. But those who know how to invest are just a tiny amount of people compared to the huge wave of dumb big mouth pseudo-traders.
It's absurd to look at a 120->50 drop as an opportunity to get 'cheap coins'. What are 'cheap coins'? Where is it written that bitcoins will worth much more than they do now even if they can drop to 50 every now and then? 50 usd might be extremely expensive coins if bitcoin goes down to 1 usd.
Look at the posts yesterday... no mention whatsoever about a price drop. someone dumps a huge amount of BTC on MtGox then suddenly everybody was expecting it and was just waiting for an opportunity to buy coins. Yeah, sure.
Funny thing no one even thinks about the perfect opportunity that the seller caught. There was a massive bid wall, whomever had a big amount of coins to sell could comfortably do it without seeing their order stretching over a 20 dollar wide price range beyond the trading price. It was nothing but the perfect timing to cash out to fiat if you had a big amount of BTC.
It's the same when the walls show up. Everybody is a market analysis specialist and is 100% sure of their stupid explanation of how every wall is 'obviously market manipulation'. I find it quite entertaining, just look at the market the last couple of weeks. Bitstamp wall is 2~3 weeks old and has held there with the price scratching it every now and then, MtGox wall gets consumed. Manipulation theorists could simply shut up, but they are already busy saying that they have always been bears.
What are you talking about?
cheaper coins are expected unless some whales hop on the train
All the indicators are screaming "down" ATM.
I'm on my cell phone so I cannot easily quote more posts from other members, but I can guarantee you that there were a lot of posts screaming about a move downwards during last week.
As I said many times, breaking $125 is a clear trend reversal signal. Expect sub $100 coins very soon. If $80 is broken, expect testing again $50. If that support level is not broken, that's still a bullish sign considering that 1 BTC costed $14 in January this year.
IMO $50 is going to be the very post-bubble bottom, we won't going to go under that level. If we do, we will have a 2011-like scenario.
June 02, 2013, 11:46:16 AM
Love to stay and enjoy the show, but duty calls. Good luck guys.
June 02, 2013, 11:45:53 AM
One small sell and 115 will be broken...
June 02, 2013, 11:45:44 AM
Can we expect to see waves of selloff?
"OMG look at the price!" *sends BTCs to exchange, sells*
Then other will see that...
"OMG look at the price!" *sends BTCs to exchange, sells*
"OMG look at the price!" *sends BTCs to exchange, sells*
Then other will see that...
"OMG look at the price!" *sends BTCs to exchange, sells*
June 02, 2013, 11:42:08 AM
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