Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33457.

Ultraviolet

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Quote from: fourkey2001 on May 08, 2013, 09:25:27 AM

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

Sage.

el_rlee

legendary

Activity: 1600

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Quote from: Rampion on May 08, 2013, 09:20:55 AM

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

bitfinex, icbit, and?

fourkey2001

newbie

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Quote from: Rampion on May 08, 2013, 09:20:55 AM

Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

I am shorting it... and I know it will fall. Its just making all of you a fool

There is no BTC reality. Currency value equals to amount of gold it holds. BTC has nothing to back itself. No Equity. Pure liquid capital investement. When the anonymous japanese runs away with all your money.... people will cry here

lewicki

sr. member

Activity: 294

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What does it say when everyone already thinks that it's going to go up?

Rampion

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Shorting BTC is starting to be available on different platforms. When that spreads, we will see more downward pressure.

michaelGedi

sr. member

Activity: 364

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

Quote from: MickeyT2008 on May 08, 2013, 08:58:19 AM

Quote from: fitty on May 08, 2013, 08:54:27 AM

Quote from: michaelGedi on May 08, 2013, 08:42:58 AM

personally I'm not too interested in peoples life/trading plans being detailed on the wall movement tracker thread...

I also think quitting your job to trade bitcoin is pretty ridiculous - unless your were a successful trader before perhaps - but then why would you need to quit your job...

Of all the bullshit that gets posted on this thread, someone explaining they're trying to make 3-4% a day trading, discussing price points they got into BTC, what price they're holding at now, their trading goals, is probably in the top 10% in terms of meaningful posts.

You disagree with the notion someone can make a living day trading BTC, so you're having a snarky response to even the discussion of it. Someone asked him, he answered. If the topic upsets you, stop quoting/talking about it.

People pop in with this "ZOMG I NEEDZ WALL TALK! TELL ME WHAT TO DO! TELL ME TO BUY OR SELL PLZ!!". Sometimes there's not much going on. A variety of topics gets discussed, it's a forum, people post stuff, if this upsets you it's time for a break, mmkay?

+1

It's not like there's much happening anyway, we'll all be on topic as soon as there is

point taken, I apologise.

It was less the discussion today but the return to a discussion... discussion about Bitcoin topics in general are all very interesting, discussions about an individuals plans less so... to me. If the majority group is cool with it I'll be quiet again.

Coinseeker

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Activity: 252

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Quote from: lunarboy on May 08, 2013, 09:14:21 AM

Quote from: SAQ on May 08, 2013, 09:04:57 AM

Quote from: Miz4r on May 08, 2013, 09:00:14 AM

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

It has become support. As 110 is the psychological number, in an up trend people trade above 110 because they want to buy the coins, so the support moves up.

This ^^
I capitulated and bought at 111 myself this morning. i'd been waiting for low 90's for days now and have come to the conclusion that the tide has turned, the majority of this consolidation phase is over. That big wall at 120 is the final hurdle in my opinion before a long upward run the fundamentals are just too strong. Undecided

Absolutely...of course that's until you remember this is Bitcoin and Bitcoin does whatever the hell it wants. Grin

lunarboy

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Quote from: SAQ on May 08, 2013, 09:04:57 AM

Quote from: Miz4r on May 08, 2013, 09:00:14 AM

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

It has become support. As 110 is the psychological number, in an up trend people trade above 110 because they want to buy the coins, so the support moves up.

This ^^
I capitulated and bought at 111 myself this morning. i'd been waiting for low 90's for days now and have come to the conclusion that the tide has turned, the majority of this consolidation phase is over. That big wall at 120 is the final hurdle in my opinion before a long upward run the fundamentals are just too strong. Undecided

SlipperySlope

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Stephen Reed

Trading range narrowing with the diminished volume.

Miz4r

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Quote from: MickeyT2008 on May 08, 2013, 09:03:24 AM

So, returning to the topic of this thread, which way will it go next, up or down?

I think it's time to go up now, the downward trend seems to have been broken and I think we are kinda oversold right now. Yesterday I thought we would be retesting $90 but now I'm thinking we're going up for a little while first. I sold 10% of my BTC stack at $114 though in case we do go down, but the market looks like it's getting ready to rally soon to me.

michaelGedi

sr. member

Activity: 364

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

Quote from: oroboras on May 08, 2013, 08:50:34 AM

Quote from: michaelGedi on May 08, 2013, 08:42:58 AM

personally I'm not too interested in peoples life/trading plans being detailed on the wall movement tracker thread...

OK, sorry for interrupting the flow.

The walls are still there.....unlike the trades....

no worries, you're not as bad as reptile... but anyways I just wanted to voice my opinion.

In my limited experience it seems we are consolidating, a break out up or down in the next week or 2 is anyones guess but I bet up

Quote

You made me reflect about why i'm short on this market...

it will dip again, but how low I can't imagine, I'm just looking at other people's TA and market sentiment. I'm wondering if around $100 give or take $10 is a fair market price to settle on for a bit

SAQ

newbie

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"ForexMinute.com, the world’s leading forex news portal, is now assisting global traders shorting Bitcoins."

Bitcoin, coming to a forex near you. Soon it seems mt will become obsolete.

ChartBuddy

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Rampion

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Quote from: cedivad on May 08, 2013, 09:02:06 AM

Quote from: Miz4r on May 08, 2013, 09:00:14 AM

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

We are simply having an uber low volume period, we are at the end of the triangle. When we break it, in a few days, it will be funny and 111 will not matter anyway.

That's it, my friend. Let's take our positions for the battle in the meanwhile Cheesy

Miz4r

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Quote from: cedivad on May 08, 2013, 09:02:06 AM

Quote from: Miz4r on May 08, 2013, 09:00:14 AM

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

We are simply having an uber low volume period, we are at the end of the triangle. When we break it, in a few days, it will be funny and 111 will not matter anyway.

I know we'll break this pattern soon enough but I just thought it was a funny observation.

SAQ

newbie

Activity: 56

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Quote from: Miz4r on May 08, 2013, 09:00:14 AM

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

It has become support. As 110 is the psychological number, in an up trend people trade above 110 because they want to buy the coins, so the support moves up.

MickeyT2008

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Activity: 350

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This account was recently hacked

So, returning to the topic of this thread, which way will it go next, up or down?

cedivad

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Quote from: Miz4r on May 08, 2013, 09:00:14 AM

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

We are simply having an uber low volume period, we are at the end of the triangle. When we break it, in a few days, it will be funny and 111 will not matter anyway.

billington.mark

full member

Activity: 153

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Quote from: oroboras on May 08, 2013, 08:58:00 AM

thanks for the support! When (if) I make it, I'll send you a tip Tongue

quoted! haha

Miz4r

legendary

Activity: 1246

Merit: 1000

$111 seems to be a psychological barrier, it keeps getting close but everytime it looks like it will go through 111 it bounces back up again. 111 is a weird number though, don't know if that has something to do with it. Tongue

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