Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33747.

notme

legendary

Activity: 1904

Merit: 1002

Quote from: GreekGeek on April 17, 2013, 08:47:05 PM

Quote from: just1nmc on April 17, 2013, 08:41:01 PM

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

no bad news?
what are you talking about?
btc24 is history along with +5M $
bitfloor stoped trading (AML reasons probably too)
it just hasn't made it to the news yet

What AML violation can you site any evidence for? I would bet it's forced bankruptcy.

michaelGedi

sr. member

Activity: 364

Merit: 250

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

let's not forget:

http://www.bitcoin2013.com/

and

http://www.time.com/time/magazine/article/0,9171,2140782,00.html

among the other good news. Bitcoin-24 and Bitfloor are just teething problems that need to be pulled out because they were never going to keep up, I suggest.

... 30 days time it's picking up whatever happens in my opinion.

This is purely based on hunch, but I feel that "awareness" is only really just beginning. Let's hope the infrastructure grows exponentially so it can cope and the manipulators grow some ethical balls and get involved in business with all their coins and capital instead of just pumping up a volatile and unstable market to make money in the short term.

EDIT - I have no idea what I'm talking about I've been into Bitcoin for 10 days

Luis_GT

full member

Activity: 126

Merit: 100

Volume is rather low right now... Unless there's a sudden increase in volume past 95, I don't think the rally will be sustainable... I think it may dip down to 85 before a substantial breakout appears.

ineededausername

hero member

Activity: 784

Merit: 1000

bitcoin hundred-aire

BTC comeback time! I see the spring coiling at $95. I remember what happened the last time...

samson

legendary

Activity: 2097

Merit: 1070

Quote from: fitty on April 17, 2013, 09:00:14 PM

I call bullshit on the 10k-15k-20k-25k bitcoions that would have to be sold at $80 and $70 and $60 and $50 to get there. The panic sellers have left the building. If you're not interested in selling your 5k bitcoins at $90-$95, you'll have even less interest on selling them on the way down. There's really one guy with 50k bitcoins who is just going to exit the market and drive it down to $50? Last 12 hours we have highs of 98, lows of 83. If you really were itching to sell, you'd be out now. Any drops now is just a chance to buy back in. Everyone who thinks we're going to $20-$30-$40-$50, they've sold their coins. Those people aren't holding right now at $95.

So we wait and see.

fitty

hero member

Activity: 728

Merit: 501

CryptoTalk.Org - Get Paid for every Post!

Quote from: samson on April 17, 2013, 08:33:07 PM

Quote from: MAbtc on April 17, 2013, 08:28:16 PM

Quote from: samson on April 17, 2013, 08:12:24 PM

Quote from: Geist on April 17, 2013, 01:52:42 PM

There's still a million dollar wall at $70. What are the chances that someone will get us past that?

I'd say 100% when it's pulled.

This. The big walls are time and time again just illusions. We approach them and they disappear. How often do they actually get eaten through? I don't have faith right now that the support moving up is real support. Price crashes 81% in less than a week and we are stabilized / on an uptrend like a day later? Huh

I'm calling bullshit on the support, if it falls to the wall after any further significant rise, it's going down to the next level which would be the $50 support.

At that point I have to wonder if there will be enough downward momentum to break through it.

I call bullshit on the 10k-15k-20k-25k bitcoions that would have to be sold at $80 and $70 and $60 and $50 to get there. The panic sellers have left the building. If you're not interested in selling your 5k bitcoins at $90-$95, you'll have even less interest on selling them on the way down. There's really one guy with 50k bitcoins who is just going to exit the market and drive it down to $50? Last 12 hours we have highs of 98, lows of 83. If you really were itching to sell, you'd be out now. Any drops now is just a chance to buy back in. Everyone who thinks we're going to $20-$30-$40-$50, they've sold their coins. Those people aren't holding right now at $95.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: GreekGeek on April 17, 2013, 08:47:05 PM

Quote from: just1nmc on April 17, 2013, 08:41:01 PM

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

no bad news?
what are you talking about?
btc24 is history along with +5M $
bitfloor stoped trading (AML reasons probably too)
it just hasn't made it to the news yet

Well, news of that scale was happening on the way up too. The chain fork, instawallet and bitcoin-central, bitinstant, etc..

None of it really compares to MtGox getting hacked in 2011.

I think the good news has by far outweighed the bad. But that's just my opinion.

The-Real-Link

hero member

Activity: 533

Merit: 500

$95's almost here.

SlipperySlope

hero member

Activity: 686

Merit: 501

Stephen Reed

Quote

doesn't anyone else see the similarities?

Yes. Perhaps the rate of decline is faster this time because traders have the first bubble as a reference.

samson

legendary

Activity: 2097

Merit: 1070

Quote from: Frozenlock on April 17, 2013, 08:44:05 PM

Quote from: just1nmc on April 17, 2013, 08:41:01 PM

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

Why would they buy now, if they can get cheaper later?

Initiaiting a several large scale mass dumps can be a good way to purchase new additional coins for much less than you sell them for, especially once it picks up pace and others also join in the dumping frenzy sending the price down further.

Then pull a couple of bid walls and the price is in freefall.

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

Quote from: just1nmc on April 17, 2013, 08:41:01 PM

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

no bad news?
what are you talking about?
btc24 is history along with +5M $
bitfloor stoped trading (AML reasons probably too)
it just hasn't made it to the news yet

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: just1nmc on April 17, 2013, 08:41:01 PM

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

Why would they buy now, if they can get cheaper later?

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

The important part is post-bubble. There's no reason to think that it will behave the same as in 2011.

There is no bad news this time to crush confidence. Actually, good news is still coming in just as it did on the way up. New merchants accepting every day. New exchanges and projects being worked on. Plenty of media coverage and people coming in.

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

Quote from: samson on April 17, 2013, 08:38:59 PM

Yes

thank you

samson

legendary

Activity: 2097

Merit: 1070

Quote from: GreekGeek on April 17, 2013, 08:36:45 PM

doesn't anyone else see the similarities?

Yes

GreekGeek

hero member

Activity: 577

Merit: 500

Jesus was a (Goddamn) hippy socialist

doesn't anyone else see the similarities?

keewee

legendary

Activity: 1025

Merit: 1000

samson

legendary

Activity: 2097

Merit: 1070

Quote from: just1nmc on April 17, 2013, 08:31:27 PM

Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.

True

samson

legendary

Activity: 2097

Merit: 1070

Quote from: MAbtc on April 17, 2013, 08:28:16 PM

Quote from: samson on April 17, 2013, 08:12:24 PM

Quote from: Geist on April 17, 2013, 01:52:42 PM

There's still a million dollar wall at $70. What are the chances that someone will get us past that?

I'd say 100% when it's pulled.

This. The big walls are time and time again just illusions. We approach them and they disappear. How often do they actually get eaten through? I don't have faith right now that the support moving up is real support. Price crashes 81% in less than a week and we are stabilized / on an uptrend like a day later? Huh

I'm calling bullshit on the support, if it falls to the wall after any further significant rise, it's going down to the next level which would be the $50 support.

At that point I have to wonder if there will be enough downward momentum to break through it.

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: MAbtc on April 17, 2013, 08:28:16 PM

Quote from: samson on April 17, 2013, 08:12:24 PM

Quote from: Geist on April 17, 2013, 01:52:42 PM

There's still a million dollar wall at $70. What are the chances that someone will get us past that?

I'd say 100% when it's pulled.

This. The big walls are time and time again just illusions. We approach them and they disappear. How often do they actually get eaten through? I don't have faith right now that the support moving up is real support. Price crashes 81% in less than a week and we are stabilized / on an uptrend like a day later? Huh

Sure, big walls can be pulled, but how much does it matter? The $1M wall at $70 now has $4.5M (and rising) of support in front of it. It's not like the current price is being held up by one person.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33747. (Read 26462764 times)