Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33241.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: Its About Sharing on June 08, 2013, 06:51:05 AM

Quote from: Coinseeker on June 08, 2013, 06:37:21 AM

Quote from: Rampion on June 08, 2013, 05:55:49 AM

Quote from: ElectricMucus on June 08, 2013, 05:40:08 AM

People who went "all in" at 50 do care.

I'm all in and I don't give a shit. I will fall and raise with BTC Wink

Ideology is clouding your judgment. Selling high and buying more of what you believe in lower, is a smarter move.

In fairness, I believe he sold 20% off as he saw this down move coming...

In fact I sold 20% + 15%, plus some play money. And I don't sell more because my average entry point is well below $30, I cannot predict the future and even if I see a down coming I won't gamble my full stash because it's very safe in my paper wallets. I'm in this for the long term.

krudkeeper

full member

Activity: 182

Merit: 100

Hodl regularly and often!

Quote from: samson on June 08, 2013, 09:52:21 AM

Quote from: krudkeeper on June 08, 2013, 09:47:20 AM

I have had a busy weekend away from the computer and am now wondering what caused the price decline. Can anyone get me up-to-speed on the current situation/cause of price decline? Thanks.

Someone sold some Bitcoin into the bids which moved the price down.

Nobody purchased many Bitcoin directly off the asks which meant the price didn't rise much.

This happened more than once and I suspect it will happen again.

Thanks. Sometimes negative news/events can trigger a sell-off. Just making sure I haven't missed anything. I love volatility as a trader and would love to see it consistantly ping-pong between $80 and $200. Thanks for the update.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: krudkeeper on June 08, 2013, 09:47:20 AM

I have had a busy weekend away from the computer and am now wondering what caused the price decline. Can anyone get me up-to-speed on the current situation/cause of price decline? Thanks.

hehehe, I asked a similar question a week ago and was told I'm a lazy bastard.

I'll try to answer it:

as far as I can see, there was not a single determining cause that intitiated the current slide down. I think it was influence to some degree by the huge sell of on June 2nd. Since then, nothing come close in volume.

I noticed that the night before the down trend really began, short money flow metrics started looking bad, so I don't think it was the action of one manipulator that led to the trend but rather the market sentiment that [speculation]"We're not going anywhere, and the only big movements are sales"[/speculation], which can only be sustained for so long before people start selling.

sarc

member

Activity: 98

Merit: 10

Quote from: samson on June 08, 2013, 09:52:21 AM

Quote from: krudkeeper on June 08, 2013, 09:47:20 AM

I have had a busy weekend away from the computer and am now wondering what caused the price decline. Can anyone get me up-to-speed on the current situation/cause of price decline? Thanks.

Someone sold some Bitcoin into the bids which moved the price down.

Nobody purchased many Bitcoin directly off the asks which meant the price didn't rise much.

This happened more than once and I suspect it will happen again.

Edit : A lot of people appear to agree with this as there's a load of orders for cheaper Bitcoins sitting between $105 and $106

did someone just suck all the moisture out of the room?

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: niothor on June 08, 2013, 06:48:13 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.

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?

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

Quote from: oda.krell on June 08, 2013, 09:43:16 AM

Quote from: michaelGedi on June 08, 2013, 09:31:28 AM

seems a spike in trading activity (recently dictated by "mr manipulator") triggers conversation in the thread... gifs, wall pics, discussion on the motivation of the "whale's" intentions.... and then some train of thought seems to always stream into an off topic, general bitcoin debate. It's quite interesting some of the time, but sometimes quite infuriating to read through all the bitchy posts.

I miss Doug Tanner's on point wall pic posts and short term triangles... I guess when the major volatility stopped his bots stopped making as much profit and bitcoin trading became less interesting.

Are you talking about me, you cunt?!?!

I'll scratch your eyeballs out!

wow, for a split second I didn't see the humour in your post and was ready to put my firewall up!

samson

legendary

Activity: 2097

Merit: 1070

Quote from: krudkeeper on June 08, 2013, 09:47:20 AM

I have had a busy weekend away from the computer and am now wondering what caused the price decline. Can anyone get me up-to-speed on the current situation/cause of price decline? Thanks.

Someone sold some Bitcoin into the bids which moved the price down.

Nobody purchased many Bitcoin directly off the asks which meant the price didn't rise much.

This happened more than once and I suspect it will happen again.

Edit : A lot of people appear to agree with this as there's a load of orders for cheaper Bitcoins sitting between $105 and $106 - these are the people who will be scrambling to sell when $100 breaks as the price continues downwards.

krudkeeper

full member

Activity: 182

Merit: 100

Hodl regularly and often!

I have had a busy weekend away from the computer and am now wondering what caused the price decline. Can anyone get me up-to-speed on the current situation/cause of price decline? Thanks.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: ElectricMucus on June 08, 2013, 06:08:59 AM

Quote from: Rampion on June 08, 2013, 05:55:49 AM

Quote from: ElectricMucus on June 08, 2013, 05:40:08 AM

People who went "all in" at 50 do care.

I'm all in and I don't give a shit. I will fall and raise with BTC Wink

Being reckless with your decisions doesn't mean you are indifferent about them. Wink

First, i only invest what I can afford to lose.

Secondly, in my book being reckless means being out of BTC and into fiat (always considering that you put into this game only what you can afford to lose).

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Ok its time to sell-off next part of bitcoins

get ready for cheap coins Cheesy

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: michaelGedi on June 08, 2013, 09:31:28 AM

seems a spike in trading activity (recently dictated by "mr manipulator") triggers conversation in the thread... gifs, wall pics, discussion on the motivation of the "whale's" intentions.... and then some train of thought seems to always stream into an off topic, general bitcoin debate. It's quite interesting some of the time, but sometimes quite infuriating to read through all the bitchy posts.

I miss Doug Tanner's on point wall pic posts and short term triangles... I guess when the major volatility stopped his bots stopped making as much profit and bitcoin trading became less interesting.

Are you talking about me, you cunt?!?!

I'll scratch your eyeballs out!

rdsc

newbie

Activity: 42

Merit: 0

Quote from: michaelGedi on June 08, 2013, 09:31:28 AM

seems a spike in trading activity (recently dictated by "mr manipulator") triggers conversation in the thread... gifs, wall pics, discussion on the motivation of the "whale's" intentions.... and then some train of thought seems to always stream into an off topic, general bitcoin debate. It's quite interesting some of the time, but sometimes quite infuriating to read through all the bitchy posts.

I miss Doug Tanner's on point wall pic posts and short term triangles... I guess when the major volatility stopped his bots stopped making as much profit and bitcoin trading became less interesting.

So will the wall hold beyond Monday? I think no.

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: sarc on June 08, 2013, 09:31:13 AM

Quote from: oda.krell on June 08, 2013, 09:25:29 AM

Quote from: sarc on June 08, 2013, 09:20:00 AM

Quote from: oda.krell on June 08, 2013, 09:15:30 AM

Quote from: sarc on June 08, 2013, 08:47:47 AM

It's a question. Doesn't seem like a difficult question though. Cheesy

Why else would we need a 2 million bid wall at $105?

ah, yes I forgot, to a simpleton all questions look equally simple.

have a doughnut. And then think about freeing yourself.

what makes you think I haven't already? I thought this was the "theorize baselessly about the long-term prospects of bitcoin" thread, not the "explain your short-term trading rationale" thread. at least that's what it increasingly looks like ^__^

because you don't seem very free....

haha, wait, lemme take off my pants

aaah, yes, you were right. much better

michaelGedi

sr. member

Activity: 364

Merit: 250

"to be or not to be, that is the bitcoin"

seems a spike in trading activity (recently dictated by "mr manipulator") triggers conversation in the thread... gifs, wall pics, discussion on the motivation of the "whale's" intentions.... and then some train of thought seems to always stream into an off topic, general bitcoin debate. It's quite interesting some of the time, but sometimes quite infuriating to read through all the bitchy posts.

I miss Doug Tanner's on point wall pic posts and short term triangles... I guess when the major volatility stopped his bots stopped making as much profit and bitcoin trading became less interesting.

sarc

member

Activity: 98

Merit: 10

Quote from: oda.krell on June 08, 2013, 09:25:29 AM

Quote from: sarc on June 08, 2013, 09:20:00 AM

Quote from: oda.krell on June 08, 2013, 09:15:30 AM

Quote from: sarc on June 08, 2013, 08:47:47 AM

It's a question. Doesn't seem like a difficult question though. Cheesy

Why else would we need a 2 million bid wall at $105?

ah, yes I forgot, to a simpleton all questions look equally simple.

have a doughnut. And then think about freeing yourself.

what makes you think I haven't already? I thought this was the "theorize baselessly about the long-term prospects of bitcoin" thread, not the "explain your short-term trading rationale" thread. at least that's what it increasingly looks like ^__^

because you don't seem very free....

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: michaelGedi on June 08, 2013, 09:22:44 AM

Quote from: sarc on June 08, 2013, 09:20:00 AM

Quote from: oda.krell on June 08, 2013, 09:15:30 AM

Quote from: sarc on June 08, 2013, 08:47:47 AM

It's a question. Doesn't seem like a difficult question though. Cheesy

Why else would we need a 2 million bid wall at $105?

ah, yes I forgot, to a simpleton all questions look equally simple.

have a doughnut. And then think about freeing yourself.

you're loving the "free yourself" spam at the moment aren't you sarc Cheesy

it's almost an hour since the last posting of it, so I expect, with bated breath, the return of his log(x+1) ("because it fits the data better") chart .

oda.krell

legendary

Activity: 1470

Merit: 1007

Quote from: sarc on June 08, 2013, 09:20:00 AM

Quote from: oda.krell on June 08, 2013, 09:15:30 AM

Quote from: sarc on June 08, 2013, 08:47:47 AM

It's a question. Doesn't seem like a difficult question though. Cheesy

Why else would we need a 2 million bid wall at $105?

ah, yes I forgot, to a simpleton all questions look equally simple.

have a doughnut. And then think about freeing yourself.

what makes you think I haven't already? I thought this was the "theorize baselessly about the long-term prospects of bitcoin" thread, not the "explain your short-term trading rationale" thread. at least that's what it increasingly looks like ^__^

rdsc

newbie

Activity: 42

Merit: 0