Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33783.

Piper67

legendary

Activity: 1106

Merit: 1001

Quote from: Frozenlock on May 12, 2013, 07:47:33 PM

Quote from: BitPirate on May 12, 2013, 07:37:52 PM

Quote from: ShroomsKit on May 12, 2013, 04:09:50 PM

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

We may see cheap coins soon Grin

We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?

^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.

If 2011 did teach us something, it's there's always cheaper coins. Wink

Nonsense. If 2011 taught us anything is that there's a window for cheaper coins, and if you miss it, you've missed it.

01BTC10

vip

Activity: 756

Merit: 503

Quote from: solex on May 12, 2013, 08:13:41 PM

Quote from: adamstgBit on May 12, 2013, 08:06:23 PM

Quote from: N12 on May 12, 2013, 07:56:32 PM

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2!

Price went this low because market confidence was mediocre.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: adamstgBit on May 12, 2013, 08:06:23 PM

Quote from: N12 on May 12, 2013, 07:56:32 PM

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

I wasn't there but I can just imagine how people were so happy and falling over themselves to buy shedloads of BTC at $5, $4, then $3, then whoohoo $2!

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: N12 on May 12, 2013, 07:56:32 PM

Most people here are new and don't remember.

2011 was Crazy Awesome

the atmosphere on the forum as we slide down closer and closer to 1$ was ecstatic!

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

N12

donator

Activity: 1610

Merit: 1010

Most people here are new and don't remember.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: BitPirate on May 12, 2013, 07:37:52 PM

Quote from: ShroomsKit on May 12, 2013, 04:09:50 PM

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

We may see cheap coins soon Grin

We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?

^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.

If 2011 did teach us something, it's there's always cheaper coins. Wink

BitPirate

full member

Activity: 238

Merit: 100

RMBTB.com: The secure BTC:CNY exchange. 0% fee!

Quote from: ShroomsKit on May 12, 2013, 04:09:50 PM

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

We may see cheap coins soon Grin

We all had many chances now to buy cheap coins. How much longer will it make you extremely happy to see Bitcoin go down instead of up? Another year? 5 years?

^ this. It's been more than long enough now. Cheap coins are pointless if you keep cheapening them.

UltimateReaper

newbie

Activity: 56

Merit: 0

Quote from: Frozenlock on May 12, 2013, 06:56:28 PM

Quote from: UltimateReaper on May 12, 2013, 06:53:26 PM

Quote from: ManBearPig on May 12, 2013, 06:14:21 PM

Quote from: UltimateReaper on May 12, 2013, 02:38:47 PM

Quote from: N12 on May 12, 2013, 02:32:00 PM

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Cheap coins? Grin

Cheap coins Grin

notme

legendary

Activity: 1904

Merit: 1002

Quote from: samson on May 12, 2013, 06:57:07 PM

Quote from: UltimateReaper on May 12, 2013, 06:53:26 PM

Quote from: ManBearPig on May 12, 2013, 06:14:21 PM

Quote from: UltimateReaper on May 12, 2013, 02:38:47 PM

Quote from: N12 on May 12, 2013, 02:32:00 PM

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.

It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.

Fuck calling a bottom, buy every x% down. If you want to get a better price and trust there will be a lot more downward movement, increase the order size at each level.

BitcoinAshley

sr. member

Activity: 448

Merit: 250

Quote from: notme on May 12, 2013, 06:29:03 PM

Quote from: Babylon on May 12, 2013, 04:42:32 PM

Quote from: old_engineer on May 12, 2013, 04:40:51 PM

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?
All I know is that the $1m that was removed was at under $50 USD.

Could have removed it to wait and put it back in higher.

Or to spike the price with a market order.

Or to spike the price with a market order, wait till it peaks, then send it crashing back down with another market order, hoping it overshoots $115. Someone's trying to get $105 coins Grin

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

samson

legendary

Activity: 2097

Merit: 1070

Quote from: UltimateReaper on May 12, 2013, 06:53:26 PM

Quote from: ManBearPig on May 12, 2013, 06:14:21 PM

Quote from: UltimateReaper on May 12, 2013, 02:38:47 PM

Quote from: N12 on May 12, 2013, 02:32:00 PM

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

The price will probably go down to sub $50 levels and eventually rebound after a period of consolidation.

It will be a very good buying opportunity but calling the real low won't be easy as there will be many lows with 'bounces' on the way down.

Frozenlock

sr. member

Activity: 434

Merit: 250

Quote from: UltimateReaper on May 12, 2013, 06:53:26 PM

Quote from: ManBearPig on May 12, 2013, 06:14:21 PM

Quote from: UltimateReaper on May 12, 2013, 02:38:47 PM

Quote from: N12 on May 12, 2013, 02:32:00 PM

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

Cheap coins? Grin

UltimateReaper

newbie

Activity: 56

Merit: 0

Quote from: ManBearPig on May 12, 2013, 06:14:21 PM

Quote from: UltimateReaper on May 12, 2013, 02:38:47 PM

Quote from: N12 on May 12, 2013, 02:32:00 PM

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

And what happens if we do tank?

notme

legendary

Activity: 1904

Merit: 1002

Quote from: Babylon on May 12, 2013, 04:42:32 PM

Quote from: old_engineer on May 12, 2013, 04:40:51 PM

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

We may see cheap coins soon Grin

The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?

All I know is that the $1m that was removed was at under $50 USD.

Could have removed it to wait and put it back in higher.

Or to spike the price with a market order.

solex

legendary

Activity: 1078

Merit: 1006

100 satoshis -> ISO code

Quote from: N12 on May 12, 2013, 12:42:08 PM

It's called a descending triangle. I don't think this is anything but noise, though.

Yes. That spike on May 10 now looks like it was purely technical. All the TA traders looking for a breakout, but the fundamentals hadn't changed to support it. Fair price at $115 until more news and major investment.

ManBearPig

sr. member

Activity: 350

Merit: 250

"Don't go in the trollbox, trollbox, trollbox"

Quote from: UltimateReaper on May 12, 2013, 02:38:47 PM

Quote from: N12 on May 12, 2013, 02:32:00 PM

It can last weeks.

That's not very long in the grand scheme of things.

I beg to differ. Confidence is about knowing we won't tank. Compare with 2011. We're doing pretty good.

Babylon

hero member

Activity: 938

Merit: 500

CryptoTalk.Org - Get Paid for every Post!

Quote from: old_engineer on May 12, 2013, 04:40:51 PM

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

We may see cheap coins soon Grin

The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?

All I know is that the $1m that was removed was at under $50 USD.

Could have removed it to wait and put it back in higher.

old_engineer

sr. member

Activity: 387

Merit: 250

Quote from: Rampion on May 12, 2013, 03:05:51 PM

$1M usd disappeared today from the order book.

We may see cheap coins soon Grin

The speculation game seems a lot like warfare. Did the army actually withdraw, or did they want to make you believe they withdrew before attacking?

All I know is that the $1m that was removed was at under $50 USD.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33783. (Read 26714118 times)