Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33240. (Read 26498124 times)
June 08, 2013, 12:04:34 PM
June 08, 2013, 12:04:07 PM
made a sale during the mini bounce to 109.xx, now those bid walls are pretty big, but I don't know if I trust it to bounce again up to 110-115 to make another sale. I wonder if it's just going to be a steady stream of small sales into the bids, occasionally pushed down by 3k walls.
June 08, 2013, 11:57:10 AM
3k wall removed now I can breath again...LOL
June 08, 2013, 11:50:03 AM
I think the weekends determines what happen for the week. So keep your ear to the ground to listen which way the stampede is coming but right now these walls are closing in on both sides and I am getting claustrophobic...LOL
June 08, 2013, 11:44:57 AM
Today prices are well buried under 110$, with quite no range.
I should admit this is surprising me, even with the low WE volume i was expecting price to be able to move in the 107-112 range.
I think that means the actual sentiment on BTC is almost totally negative.
It's not rare that situations like this lead to surprises (=short-term inversion).
What di you think about monday?
I should admit this is surprising me, even with the low WE volume i was expecting price to be able to move in the 107-112 range.
I think that means the actual sentiment on BTC is almost totally negative.
It's not rare that situations like this lead to surprises (=short-term inversion).
What di you think about monday?
June 08, 2013, 11:43:51 AM
3000 BTC ask wall just appeared at 108.50!!!!
June 08, 2013, 11:38:29 AM
Speculators and traders thrive on volatility. Volatility is not good for bitcoin. Lack of volatility causes speculators to exit. Speculators exiting causes price to drop. Could be a good sign for the long-term health of bitcoin (I won't say "bullish").
Bitcoin needs to build fundamentals. That is what will drive its success.
Bitcoin needs to build fundamentals. That is what will drive its success.
I agree about the fundamentals, but not in whole about the role of speculators. Having a number of them there who are prepared to risk their own capital to provide liquidity is not such a bad thing.
June 08, 2013, 11:30:17 AM
Even with the wall there (105-106), the distance to it (bitcoin number) has nearly halved.
June 08, 2013, 11:13:09 AM
Speculators and traders thrive on volatility. Volatility is not good for bitcoin. Lack of volatility causes speculators to exit. Speculators exiting causes price to drop. Could be a good sign for the long-term health of bitcoin (I won't say "bullish").
Bitcoin needs to build fundamentals. That is what will drive its success.
Bitcoin needs to build fundamentals. That is what will drive its success.
-> Lack of volatility
-> Speculators exit
-> Price drop
-> Noobs AND speculators buy
-> Price rise
-> Speculators sell
-> Price drop
-> etc
June 08, 2013, 11:06:30 AM
June 08, 2013, 10:51:43 AM
Speculators and traders thrive on volatility. Volatility is not good for bitcoin. Lack of volatility causes speculators to exit. Speculators exiting causes price to drop. Could be a good sign for the long-term health of bitcoin (I won't say "bullish").
Bitcoin needs to build fundamentals. That is what will drive its success.
Bitcoin needs to build fundamentals. That is what will drive its success.
June 08, 2013, 10:31:22 AM
That's the problem of all those crying about the price going down, because it "hurts the coin". Come on... It's so obvious they bought during or just after the hype cycle, and they are scared and butthurt.
Or maybe they just have a sense of reality.
I bought before the hype. It has to drop A LOT before i start losing money. I just have enough common sense to realize another drop below 100 *might* be very bad. I'm pretty sure many people will agree with me.
June 08, 2013, 10:30:41 AM
June 08, 2013, 10:26:44 AM
Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck?
No, but we are in for the buck and that's got a lot more problematic from when you committed to BTC. So what are newbies to do?
I believe in BTC in the same way I believe in IP4 - the internet learned how to do "money" - big news, and I'm late to the game. Since only a lunatic would bet against the internet I'd like to put my money where my tech is, but just at the moment it's a suckers market - so beyond all the bulls and bears nonsense - how do we proceed?
I've clocked your buying advice and I'm following Goomboo and Slipperyslope because I'd like to be part of this without getting butt-fucked - but Bitcoin's got an insurmountable problem as a "freedom" protocol if the price for entry is pwnage.
June 08, 2013, 10:24:44 AM
Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
It's because it's total nonsense based on nothing.
Because we had a speculative bubble which made the price go x20 in 3 months. And speculative bubbles need to fully deflate before a sustainable growth trend is resumed.
Jeeez, guys, we where buying BTC at $14 in January. Chill out and let the motherfucker correct before it goes up again.
Well said ... except the buying at $14 bit ... wasn't around for that unfortunately
That's the problem of all those crying about the price going down, because it "hurts the coin". Come on... It's so obvious they bought during or just after the hype cycle, and they are scared and butthurt.
Price goes up, prices goes down. Been like that since this baby was born in 2009. But, in the big picture, price is way UP. Even if it takes 2 more years to break $266, it will happen. Just chill and relax. If you bought during the bubble, bad luck, you should have known better, just don't make the same mistake made by those who bought during the 2011 bubble and cashed out for good at a loss because they were bitter and butthurt.
Bitcoin won't let you down, just use your brains and don't be a pussy. This baby needs to grow, and this game is played in the long term.
June 08, 2013, 10:17:57 AM
Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
Second. I refuse to undestand how some of you can preach is a store of value when you expect it's value to halve in one- two weeks time.
Second. I refuse to undestand how some of you can preach is a store of value when you expect it's value to halve in one- two weeks time.
Because "store of value" doesn't mean "get rich quick". Two weeks, three months mean nothing in the grand scheme of things. Just think that 1btc was worth $0.079 in may 2010, $2 in November 2011 and $10ish in 2012.
If we close 2013 at $40ish, BTC will have worked as an excellent store of value for me. It's the best I know. If you don't see it, then you are just short sighted. Maybe you wish to buy today at $100 and sell at $200 in one months. Well, wake up. That's not how it works. Stores of value are for the long term, especially if they are commodity like and thus prone to volatility and manipulation.
Just zoom out and look at the big picture, guys. Really why are you interested in BTC? For the quick easy buck?
Ah, now i finally understand your attitude. It's all about you. Just because you bought quite cheap everybody who didn't still has to understand how it's amazingly good it is if Bitcoin ends this year at 40 bucks. And if we don't see it we are short sighted.
June 08, 2013, 10:15:56 AM
Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
It's because it's total nonsense based on nothing.
Because we had a speculative bubble which made the price go x20 in 3 months. And speculative bubbles need to fully deflate before a sustainable growth trend is resumed.
Jeeez, guys, we where buying BTC at $14 in January. Chill out and let the motherfucker correct before it goes up again.
Well said ... except the buying at $14 bit ... wasn't around for that unfortunately
June 08, 2013, 10:01:10 AM
Ok , I won't get it and I refuse to undestrand why bitcoin price has to go down in order to bounce back to 110+.
It's because it's total nonsense based on nothing.
Because we had a speculative bubble which made the price go x20 in 3 months. And speculative bubbles need to fully deflate before a sustainable growth trend is resumed.
Jeeez, guys, we where buying BTC at $14 in January. Chill out and let the motherfucker correct before it goes up again.
June 08, 2013, 10:01:06 AM
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