Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33280. (Read 26710350 times)
June 17, 2013, 11:00:18 PM
June 17, 2013, 10:53:44 PM
People should be paying closer attention to things like this http://www.washingtonpost.com/blogs/wonkblog/wp/2013/06/17/can-bitcoin-make-peace-with-washington/ and what it means if regulations come down and if the community disagrees or if the government just simply believes Bitcoin is the antichrist and shuts it down.
June 17, 2013, 10:47:06 PM
180 in 9 business days 
Is there something real happening in 9 business days or is this just a 'magic' 9 days. What happens on the 27th anyways?
It's just magic.
June 17, 2013, 10:46:24 PM
the spread is still crazy huge
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
kind of like when you predicted $150 and it went to $131.80 and back to $89 that week.
June 17, 2013, 10:30:44 PM
180 in 9 business days
Is there something real happening in 9 business days or is this just a 'magic' 9 days. What happens on the 27th anyways?
June 17, 2013, 09:04:21 PM
the spread is still crazy huge
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
+[>9000]
I approve of this as it would mean profit of two months regular work in a 2 weeks
GOOO BITCOIN!! June 17, 2013, 08:58:18 PM
the spread is still crazy huge
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
still so much fear in the market. People look at their charts and the past few days look like a repeat of the price action leading up to another episode of "the dumper"
June 17, 2013, 08:50:06 PM
the spread is still crazy huge
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
this tells me, buyers are not in a panic to get bitcoins no matter what the cost, and sellers are not in a hurry to unload.
if you ask me what this means for price i will say:
180 in 9 business days
June 17, 2013, 08:44:11 PM
not expecting much more action until the Euro session gets going, probably a good time to grab a meal, stretch, etc
June 17, 2013, 08:10:40 PM
ya that was a nice buy.
June 17, 2013, 08:09:11 PM
it was nice to see the bundle @ $102.00 get eaten up swiftly. 
June 17, 2013, 07:08:57 PM
You might be right but at the same time wrong. Look at my comment above on how the order book looks good but those sells keep smacking it down (And they are not showing up there.)
Possible conclusion? Someone wants to cash-out but are not in that much of a hurry. They are happy to take their time getting 100/piece but aren't fearful of the price falling rapidly and being left with a lot less. When this person or persons are done, the price will rise again.
I am quite enjoying the buy pressure today. Even with a mini-whale (Dolphin?) doing periodic dumps down to 100 dollars, the price slowly grinds it's way back up. Who will run out first, bitcoins or fiat?
June 17, 2013, 06:39:03 PM
You might be right but at the same time wrong. Look at my comment above on how the order book looks good but those sells keep smacking it down (And they are not showing up there.)
Possible conclusion? Someone wants to cash-out but are not in that much of a hurry. They are happy to take their time getting 100/piece but aren't fearful of the price falling rapidly and being left with a lot less. When this person or persons are done, the price will rise again.
June 17, 2013, 06:04:30 PM
Bear logic: I refuse to sell my bitcoin for less than 100$, because I know bitcoin will go down below 50$
June 17, 2013, 05:58:01 PM
We all go psycho from time to time. I believe it's not healthy to keep the negative emotions inside. But, I really need to find more constructive ways to let it out.no no ... smashing down a door with an axe is a perfectly acceptable form of release ...
https://www.youtube.com/watch?v=NV4xo_rF-oo
New profile pic in your honor.
Lol ! Like !
June 17, 2013, 05:39:46 PM
We all go psycho from time to time. I believe it's not healthy to keep the negative emotions inside. But, I really need to find more constructive ways to let it out.no no ... smashing down a door with an axe is a perfectly acceptable form of release ...
https://www.youtube.com/watch?v=NV4xo_rF-oo
June 17, 2013, 05:31:24 PM
Bitcoin fundamentals:
yes sir, fundamentals are strong!!
yes sir, fundamentals are strong!!
June 17, 2013, 05:23:10 PM
Yeah, back to the TA debate !!
BTW I am a Belieber in its value as part of a trading strategy. Like you say, its about cutting losses and running winners ... TA often gives a good indicator of entry point but not necessarily direction. Other times it gives a good indicator of future direction but the timing is the risk.
Its one of many tools to have in your Bitbelt
If you only have a hammer, every problem looks like a nail ... thats the trap
BTW I am a Belieber in its value as part of a trading strategy. Like you say, its about cutting losses and running winners ... TA often gives a good indicator of entry point but not necessarily direction. Other times it gives a good indicator of future direction but the timing is the risk.
Its one of many tools to have in your Bitbelt
If you only have a hammer, every problem looks like a nail ... thats the trap
TA tells me btc=$39 ... FA tells me btc=$300,000 USD ... current price $100
1) using TA sell ALL ( 2.5 times more ... in zero sum game )
2) using FA keep ALL ( 3000 times more .. no(almost zero) risk )
"The fundamentals are sound." —Famous last words of every Wall Street cheerleader in history
June 17, 2013, 05:20:59 PM
Yeah, back to the TA debate !!
BTW I am a Belieber in its value as part of a trading strategy. Like you say, its about cutting losses and running winners ... TA often gives a good indicator of entry point but not necessarily direction. Other times it gives a good indicator of future direction but the timing is the risk.
Its one of many tools to have in your Bitbelt
If you only have a hammer, every problem looks like a nail ... thats the trap
BTW I am a Belieber in its value as part of a trading strategy. Like you say, its about cutting losses and running winners ... TA often gives a good indicator of entry point but not necessarily direction. Other times it gives a good indicator of future direction but the timing is the risk.
Its one of many tools to have in your Bitbelt
If you only have a hammer, every problem looks like a nail ... thats the trap
TA tells me btc=$39 ... FA tells me btc=$300,000 USD ... current price $100
1) using TA sell ALL ( 2.5 times more ... in zero sum game )
2) using FA keep ALL ( 3000 times more .. no(almost zero) risk )
June 17, 2013, 05:10:41 PM
If we break above 104/105 then maybe I get back in. But right now something just doesn't feel right.
The order book / market depth is looking so much better the last few days and I don't trust it. For sure it is loaded up below the current price, but why isn't it moving up if there is so much there?
Watching smaller buys go through and a rising price followed by dumps of coins again and again (that aren't showing up in the market depth as they are market buys (I got that right?))
doesn't feel right with me.
Another thing - Looking at the sales that went through before as a bunch of sales up to 100 shares (were 2 of those) and checking the times, they were all within 2 seconds of each other = same seller?
Totaled around 500 - 600, which isn't much but it did knock things or slow things down again.
Anything can happen, it can be a bear or bull trap - a bit of evidence for both. We just have to pull our resources together and find out.
The order book / market depth is looking so much better the last few days and I don't trust it. For sure it is loaded up below the current price, but why isn't it moving up if there is so much there?
Watching smaller buys go through and a rising price followed by dumps of coins again and again (that aren't showing up in the market depth as they are market buys (I got that right?))
doesn't feel right with me.
Another thing - Looking at the sales that went through before as a bunch of sales up to 100 shares (were 2 of those) and checking the times, they were all within 2 seconds of each other = same seller?
Totaled around 500 - 600, which isn't much but it did knock things or slow things down again.
Anything can happen, it can be a bear or bull trap - a bit of evidence for both. We just have to pull our resources together and find out.
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