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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33735. (Read 26713007 times)

full member
Activity: 238
Merit: 100
Woke up from a nap and I'm like...huh??   Huh  Shouldn't we be sub 100 right now??  Is someone just pumping this up to dump it in a few?? 

/scratches head

Now seems like a way to uncertain time for a pump and dump. Might pump and have it crash before the dump.


There has been some good news recently that has been put in the shadow from this whole dwolla debacle. IMO this will help take us off of Mt.Gox's leash, could be a very good thing
sr. member
Activity: 252
Merit: 250
Woke up from a nap and I'm like...huh??   Huh  Shouldn't we be sub 100 right now??  Is someone just pumping this up to dump it in a few?? 

/scratches head
sr. member
Activity: 434
Merit: 250
This price could easily collapse again, last time there was massive support for the $119 price which got crushed, this time there's very little in the way of bids holding this price up.  It wouldn't take a huge amount of sales to knock it all the way back down again.

You might be right... seems the rally is losing some steam.
sr. member
Activity: 350
Merit: 250
This account was recently hacked
This price could easily collapse again, last time there was massive support for the $119 price which got crushed, this time there's very little in the way of bids holding this price up.  It wouldn't take a huge amount of sales to knock it all the way back down again.
sr. member
Activity: 434
Merit: 250
Gotta love the irrational buying and irrational selling going on.

 Cheesy

I'm so confused!

If I was trading on emotions I would be killing myself right now.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Gotta love the irrational buying and irrational selling going on.

 Cheesy
staff
Activity: 3332
Merit: 4117
Their post of facebook, just didn't seem right.
They didn't sound like they know what they had to do.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 238
Merit: 100
RMBTB.com: The secure BTC:CNY exchange. 0% fee!
A lot of people haven't had time to react to this news/non news story yet.

But if they hear the news and see the price recovered, will they do something?  Huh
This is bitcoin, logic doesn't apply so anything could happen of course!

What logic?

There's not much logic in selling _after_ the fact, when the bottom could already have come in -- safer to hold.
There's not much logic in selling unseizable currency to buy fiat when the government is trying to prevent you from receiving it.
There's not much logic in expecting non-US people to react to news that only affects users of a small payment service provider that only offers its services to US citizens.
sr. member
Activity: 350
Merit: 250
This account was recently hacked
A lot of people haven't had time to react to this news/non news story yet.

But if they hear the news and see the price recovered, will they do something?  Huh
This is bitcoin, logic doesn't apply so anything could happen of course!
sr. member
Activity: 434
Merit: 250
A lot of people haven't had time to react to this news/non news story yet.

But if they hear the news and see the price recovered, will they do something?  Huh
sr. member
Activity: 350
Merit: 250
This account was recently hacked
It is a lucrative investment, I must say.  Wink


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.

It's possible we'll go down lower still. Depends on the scope of this seizure - if it will also affect direct ACH transfers to and from Mt. Gox that's going to be bad news. Dwolla -> Mt. Gox doesn't really affect the big players.

Going by the post on Mt. Gox's Facebook they have NO idea what is being asked of them yet.

You never know, especially considering how half of Western Europe and the USA are all still tucked up in bed - except for those of us who're sitting at our computers, bleary eyed and wired on coffee (or something stronger).  A lot of people haven't had time to react to this news/non news story yet.
newbie
Activity: 56
Merit: 0
It is a lucrative investment, I must say.  Wink


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.

It's possible we'll go down lower still. Depends on the scope of this seizure - if it will also affect direct ACH transfers to and from Mt. Gox that's going to be bad news. Dwolla -> Mt. Gox doesn't really affect the big players.

Going by the post on Mt. Gox's Facebook they have NO idea what is being asked of them yet.

Yeah I have to be honest I'm kind of antsy right now. Are we going to see a full rebound or even rally? Or is this ship about to sink? That's the real question right now. Logic tells me we are going to tank, however, BTC doesn't like to listen to what makes sense.
hero member
Activity: 840
Merit: 1000
It is a lucrative investment, I must say.  Wink


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.

It's possible we'll go down lower still. Depends on the scope of this seizure - if it will also affect direct ACH transfers to and from Mt. Gox that's going to be bad news. Dwolla -> Mt. Gox doesn't really affect the big players.

Going by the post on Mt. Gox's Facebook they have NO idea what is being asked of them yet.
newbie
Activity: 56
Merit: 0
Sorry I fucked up the satanic ritual earlier today.

Silly me, everyone knows you need to add a few extra pints of animal blood

Ah! You're proud of yourself now?
Think of all those who had bids at $90!

 Cheesy Hey I tried. Unfortunately money is more powerful than black magic. Such a shame. People have no respect for the old ways!
newbie
Activity: 39
Merit: 0
How are you traders doing with this volatility?

I sold a few at 113 and could have bought in for 1.5 BTC profit, but barely missed it and only made .2 after panic buying before it got back to close to 113.

Made a 4.7% profit

And waiting to buy some at $100ish, and to buy big time sub $100

The Dwolla situation could scare the ass off some overinvested folks with trembling hands, anyhow this can improve a lot or get really worse depending on the next DHS move/explanation.

And from a practical point of view, you just do not convert an unseizable currency to one that will be likely be frozen. I never used Dwolla, but if I did last thing I would want is to get rid of my BTC for good at this moment, I guess people is just speculating that price will drop on these news and they want to buy back cheaper.

I think today's events will only increase the value of bitcoin, whatever the outcome. Bitcoin is decentralized! Closing down Dwolla and/or MtGox plays no barring in my opinion. In fact, the harder it is to buy bitcoins, the more valuable they become. The government has ZERO interest in bitcoins, just as they have ZERO interested in SimCity region fund transfers (did EA ever figure that out?). They DO however have an interest in protecting their citizens. It is not the bitcoin the DHS is after, it is companies who willfully ignore strict financial regulations.

Hope you don't wait too long down there at $100 and below Rampion.
legendary
Activity: 1442
Merit: 1000
Antifragile
So, there was just a small fire because DHS is trying to crack down on online gambling. First, I feel safer and second, look at all those who showed their true colors with this blip of news.

We are still in this sideways price channel on essentially, no news and some people online trying to create a sell off.

$115 and the same wall at $120.
sr. member
Activity: 434
Merit: 250
Sorry I fucked up the satanic ritual earlier today.

Silly me, everyone knows you need to add a few extra pints of animal blood

Ah! You're proud of yourself now?
Think of all those who had bids at $90!
newbie
Activity: 56
Merit: 0
It is a lucrative investment, I must say.  Wink


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.

Sorry I fucked up the satanic ritual earlier today.

Silly me, everyone knows you need to add a few extra pints of animal blood
sr. member
Activity: 434
Merit: 250
It is a lucrative investment, I must say.  Wink


On a related note... how the hell did we not pass below $100?
$102.96 is a little... anticlimatic.
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