Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33380. (Read 26497526 times)

Rocket engines, started. Let's do this!
LEEEEEEEEEEEEEEEROOOOOOOOOOYYYYYYYYYYYYYYY

Basically you are saying we will either go up or down?

Care to share what time frame and indicators you are looking at?

Have to defend? Or just let it fall through $120 and get cheaper coins?

No one should be propping up the price because they consider themself a bull. If we start sliding down to $120, pull your bids. Buy at $100-$115. You now have more coins and in a week no one remembers that we lost "$120 support". The bulls vs bears is a cute storyline we use to pass time. There's only one thing that matters and that's making money. When BTC is sliding, pull your bids. It's okay, you won't cause irrevocable damage to the market/exchange/bitcoin. Wait for it to bottom out and buy back in. We've lost a "support level/line" at every dollar from $1 to $200. Do you remember when we lost $150? Do you remember when we lost $90? Do you remember when we lost $2? Of course not, it doesn't matter (I do however remember losing $2 - lol).

People will say that by doing that, you increase volitilty, hurting the percption of BTC and costing yourself money in the long run. On the other hand by making "$120 support" a big deal, it becomes a big deal if it goes below. Suddenly that MEANS something. Falling to $118 instead of stopping at $120 won't forever haunt Bitcoin. The "major battle at $120" will be forgotten as soon as someone posts a funny gif.

Bitcoin isn't fragile. Investors psyche? Maybe. But that's why we should stop with the overdramatization of fairly minor market swings. Instead of being at $133 we're at $128 because someone dumped a bunch of BTC in a short span. I missed the part where I should suddenly reexamine the fundamental value of Bitcoins. I missed the part where the future of Bitcoin is going to be decided today on MtGox. It's suddenly do or die?

Buy Bitcoins at the lowest price you can get. Don't support a price point. There is no war. It's a very normal market, doing what markets do, any panic tied to $125 or $120 is something you're creating yourself, it's not real.

Have to defend? Or just let it fall through $120 and get cheaper coins?

No one should be propping up the price because they consider themself a bull. If we start sliding down to $120, pull your bids. Buy at $100-$115. You now have more coins and in a week no one remembers that we lost "$120 support". The bulls vs bears is a cute storyline we use to pass time. There's only one thing that matters and that's making money. When BTC is sliding, pull your bids. It's okay, you won't cause irrevocable damage to the market/exchange/bitcoin. Wait for it to bottom out and buy back in. We've lost a "support level/line" at every dollar from $1 to $200. Do you remember when we lost $150? Do you remember when we lost $90? Do you remember when we lost $2? Of course not, it doesn't matter (I do however remember losing $2 - lol).

People will say that by doing that, you increase volitilty, hurting the percption of BTC and costing yourself money in the long run. On the other hand by making "$120 support" a big deal, it becomes a big deal if it goes below. Suddenly that MEANS something. Falling to $118 instead of stopping at $120 won't forever haunt Bitcoin. The "major battle at $120" will be forgotten as soon as someone posts a funny gif.

Bitcoin isn't fragile. Investors psyche? Maybe. But that's why we should stop with the overdramatization of fairly minor market swings. Instead of being at $133 we're at $128 because someone dumped a bunch of BTC in a short span. I missed the part where I should suddenly reexamine the fundamental value of Bitcoins. I missed the part where the future of Bitcoin is going to be decided today on MtGox. It's suddenly do or die?

Buy Bitcoins at the lowest price you can get. Don't support a price point. There is no war. It's a very normal market, doing what markets do, any panic tied to $125 or $120 is something you're creating yourself, it's not real.

The "major battle at $120" will be forgotten as soon as someone posts a funny gif.

I know that it's not welcomed to share bearish opinion, I did some analysis and indicators (MFI, RSI, UI, W%R) are telling me that we will probably hit $120 in the next 24h. I don't have an idea will we go below that. Currently, according to average of all significant moving averages, realistic price is approx. $119-$122. We are driving on a extremely low volume, so something will happen that's for sure, maybe even totally opposite to my prediction.

Cheers

So basically what you just said is...





Bitcoin does whatever the fuck it wants.

Mt.Gox information policy is strange. They deleted the Dwolla news and didn't say anything about DHS, not even till now, but now they are playing heads up? +1 for something is in the air, but at Gox, not OKPay.

Mt. Gox has recently been informed by OKPay, one of
our longtime partners, that they are planning to stop performing wire transfers to and from
all Bitcoin exchanges, including Mt. Gox.

Bitcoin processing temporarily suspended

Ha! Sold my bitcoins at 126.99 (bitstamp). Now I just mustn't miss the dip... 

I believe "OKPay suspending Bitcoin processing" and "OKPay not sending fiat to/from exchanges" is two different things. The former doesn't matter a whit to MtGox -- if you have Bitcoin, you can deposit it directly at Gox, no need to use OKPay.


I'm still trying to figure out MtGox's rather ambiguous wording on the matter, as they refer to OKPay suspending "all Bitcoin processing", but it's not clear what they mean.

Bitstamp:



At least the OKPay thing is a smooth transition. Was Mt.Gox's announcement the first time, this news went public?

For the reference: https://mtgox.com/pdf/20130528_okpay_statement.pdf

Edit: https://www.okpay.com/en/company/news/bitcoin-okpay-terms-of-use.html, 5/27/2013

My question is: was the dip yesterday before the news?