Topic: Wall Observer BTC/USD - Bitcoin price movement tracking &amp; discussion - page 33209. (Read 26711566 times)

Quote from: notme on June 24, 2013, 03:45:01 PM

Quote from: Frozenlock on June 24, 2013, 03:43:45 PM

Quote from: Frozenlock on June 24, 2013, 04:08:01 PM

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

LOL.... somehow the market has a different opinion than the market.

What I mean is, the market is oversold. There's only a limited amount that can be sold without a market rising, unless there is extreme pessimistic pressure. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise.

Yes, market is oversold. Also selling pressure today was not strong enough to bend price under 100$ and that's interesting.
As we lacked volume up, now we're now lacking volume down - MtGox hyatus sure played a role here.

Still we're on the edge, let's see what's happening tomorrow, in the meantime we may eventually reach 105$ again.

Abandon

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What I mean is, the market is oversold. There's only a limited amount that can be sold without rising. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise.

Uh?
What about "There's only a limited amount that can bought without falling"?

There is no shortage of coins.
When the price is going up, the supply seems to go dry...
But when the price is going down, a seemingly endless stream of coins can hit the exchanges.

It goes both ways, of course. Right now we're oversold. If we were overbought, it will be the other way around.

N12

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Quote from: ShroomsKit on June 24, 2013, 02:28:45 PM

What I mean is, the market is oversold. There's only a limited amount that can be sold, unless there is extreme pessimistic pressure. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise. Usually this is kind of market is marked by slow gradual falls that is very lethargic.

spooderman

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Quote from: derpinheimer on June 24, 2013, 02:05:53 PM

Quote from: ShroomsKit on June 24, 2013, 01:47:50 PM

Quote from: N12 on June 24, 2013, 01:42:24 PM

Quote from: ShroomsKit on June 24, 2013, 01:38:00 PM

Quote from: Rampion on June 24, 2013, 01:08:16 PM

ShroomsKit... Tell us the truth... Did you sell yet?

And Nagle... Did you buy, Nagle?

I don't sell. Ever.

What's your entry (average price)? Have you taken out your original investment yet?

If it drops more, can you afford to buy more?

Just curious. Cheesy

I bought before the bubble and i bought a couple of times when it crashed. So very low. It has to drop a lot before i start losing money.

With your constant complaining about the price going down a dollar and what seems to be little understanding of how the market works, its hard to believe that.

"Wahhh, someone took a profit, now I'm losing munny Sad

They're a big dumb doo-doo head too!"

Sorry, but you're really annoying when you pull that crap almost daily.

Yeah, i'm really just lying. Better put me on ignore.

I am in the same position, but it still hurts me when it drops.

Frozenlock

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Activity: 434

Merit: 250

Quote from: notme on June 24, 2013, 03:45:01 PM

What I mean is, the market is oversold. There's only a limited amount that can be sold without rising. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise.

Uh?
What about "There's only a limited amount that can bought without falling"?

There is no shortage of coins.
When the price is going up, the supply seems to go dry...
But when the price is going down, a seemingly endless stream of coins can hit the exchanges.

Abandon

member

Activity: 112

Merit: 10

Quote from: Frozenlock on June 24, 2013, 03:43:45 PM

Quote from: solex on June 24, 2013, 03:41:53 PM

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

LOL.... somehow the market has a different opinion than the market.

What I mean is, the market is oversold. There's only a limited amount that can be sold, unless there is extreme pessimistic pressure. Eventually enough of it will go into long term hoarding/investing that the market will have no choice but to rise. Usually this is kind of market is marked by slow gradual falls that is very lethargic.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Abandon

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Activity: 112

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Quote from: nmersulypnem on June 24, 2013, 03:41:45 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

I think that most of the people who want Mt. Gox to die, know that things have to be purged in order to improve. Right now we pretty much only have a one headed Hydra, but if Mt. Gox were to go down in flames, or lose its market share, it would only diversify the commerce, instead of depending on a single weakest link. As we are, we depend largely on a single headed Hyrdra, that isn't always constant, but if we had others to diversify in, we'd have much less collective risk.

I think that the people who want Mt. Gox out of the big picture are the same people who want a decentralized currency.

cmp

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Here a toy for wall-movement trackers Wink

http://trading.i286.org/

molecular

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Quote from: gandhibt on June 24, 2013, 03:33:23 PM

I sold all my trading coins (100 BTC) @ average 101.97 USD/BTC. I think I'll buy back @ 80-85 USD/BTC.

Oh, I didn't realize we get to pick the price we buy back at... Excellent. I'll be buying back in at $2.

you get to pick price or time, but not both.

solex

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100 satoshis -> ISO code

Quote from: nmersulypnem on June 24, 2013, 03:44:41 PM

Quote from: solex on June 24, 2013, 03:41:53 PM

Quote from: notme on June 24, 2013, 03:45:01 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

They are not liquid because most people are still using MtGox. If MtGox were to die, the other exchanges would immediately have tons of liquidity.

And then they would have the performance problems which mtgox has had. Everyone would be screaming at them for having rubbish systems.

Frozenlock

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LOL.... somehow the market has a different opinion than the market.

Gentlemen, I think we witnessing the first double personality market! Cheesy

notme

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Quote from: Frozenlock on June 24, 2013, 03:43:45 PM

Quote from: solex on June 24, 2013, 03:41:53 PM

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

LOL.... somehow the market has a different opinion than the market.

nmersulypnem

full member

Activity: 238

Merit: 100

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

They are not liquid because most people are still using MtGox. If MtGox were to die, the other exchanges would immediately have tons of liquidity.

Frozenlock

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Activity: 434

Merit: 250

Quote from: ardana123 on June 20, 2013, 05:10:18 PM

(...) that's why we're having this brain dead market that should be rising, but instead it is fighting against this insanity. The market doesn't want to go down, but it might, because of the people who believe it will.

Its About Sharing

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Antifragile

Quote from: Its About Sharing on June 20, 2013, 05:04:44 PM

Looks like things just turned. I say 4 days of red candles ahead.

price drops a few $, prophets immediately predict long term drops
price rises a few $, prophets immediately predict long term raises

bitcoin never changes

You were saying?

solex

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100 satoshis -> ISO code

Quote from: gandhibt on June 24, 2013, 03:33:23 PM

As a long bull I am feeling very bearish. These Mt Gox issues are bad in my mind. People are happy Gox is losing market share but for me it's more like the lynchpin of the bitcoin ecosystem is failing due to political forces. If the bitcoin processors are dependent on gox then we are close to the point where retailers give up.

Yes. A healthy MtGox is good for Bitcoin. Bitpay and others need a proper fx market with depth to maintain their business. The other exchanges are too illiquid. I think that people who want mtgox to fail are mostly those hoping to buy BTC at 2012 values because they missed the ramp up this year.

nmersulypnem

full member

Activity: 238

Merit: 100

I sold all my trading coins (100 BTC) @ average 101.97 USD/BTC. I think I'll buy back @ 80-85 USD/BTC.

Oh, I didn't realize we get to pick the price we buy back at... Excellent. I'll be buying back in at $2.

Abandon

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Activity: 112

Merit: 10

Quote from: Voodah on June 24, 2013, 03:01:24 PM