Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34060.

NamelessOne

legendary

Activity: 840

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Quote from: Rampion on April 24, 2013, 03:22:17 AM

This is quite scary. Let's analyze the facts:

the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)

I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline.

IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC.

The google thing isn't all that surprising. People saw the price drop and lost their excitement. It'll come back eventually and many will have missed the train.

Rampion

legendary

Activity: 1148

Merit: 1018

Another worrying fact: market is still very illiquid, another panic sell of 500kBTCish would take us back to $40ish. And you know we had a 600KBTC dump just 8 days ago.

Quote from: Rampion on April 24, 2013, 03:22:17 AM

This is quite scary. Let's analyze the facts:

the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)

I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline.

IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC.

Rampion

legendary

Activity: 1148

Merit: 1018

This is quite scary. Let's analyze the facts:

the interest in bitcoin is fading out after the crash, just check the google trend: https://www.google.com/trends/explore#q=bitcoin&date=today%203-m&cmpt=q
there's still a lot of money at Gox, a lot of fresh money was delayed because of their epic queue, but you can bet that from now on the flow of fresh money will be slower (just check the google trend)

I think this rally needs to be supported by REAL news that improve the fundamentals, otherwise it will be just a trap before a slow decline.

IMHO, the best news would be a new company offering unlimited amounts of BTC for cash immediately - buying your first BTC is still slow and painful, and the first one changing that fact will really boost BTC.

oakpacific

hero member

Activity: 784

Merit: 1000

Quote from: gizmoh on April 24, 2013, 02:57:08 AM

Quote from: squidface on April 24, 2013, 02:39:19 AM

Quote from: gizmoh on April 24, 2013, 02:30:38 AM

Some big folks really desperate to sell their coins at whatever price!

In what way is selling at the top of a 15% increase in less than a day "desperate" and "at whatever price"?

Seems like straight up profit taking to me.

Could even be the same people that started the rally. lol.

If profit taking would matter, Wouldn't it be more profitable to expand the bids with walls than to eat down the ask side ?

Bitcoin has got an economy, businesses need to convert their BTCs immediately from time to time. Yeah, maybe they sell in a urge, but certainly nowhere near desperate.

Bowjob

sr. member

Activity: 294

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Just open the old thread then. Geezus. The old thread was legendary.

gizmoh

legendary

Activity: 1428

Merit: 1000

Quote from: squidface on April 24, 2013, 02:39:19 AM

Quote from: gizmoh on April 24, 2013, 02:30:38 AM

Some big folks really desperate to sell their coins at whatever price!

In what way is selling at the top of a 15% increase in less than a day "desperate" and "at whatever price"?

Seems like straight up profit taking to me.

Could even be the same people that started the rally. lol.

If profit taking would matter, Wouldn't it be more profitable to expand the bids with walls than to eat down the ask side ?

squidface

newbie

Activity: 21

Merit: 0

Quote from: gizmoh on April 24, 2013, 02:30:38 AM

Some big folks really desperate to sell their coins at whatever price!

In what way is selling at the top of a 15% increase in less than a day "desperate" and "at whatever price"?

Seems like straight up profit taking to me.

Could even be the same people that started the rally. lol.

gizmoh

legendary

Activity: 1428

Merit: 1000

Some big folks really desperate to sell their coins at whatever price!

Le Happy Merchant

hero member

Activity: 634

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Movement on Bitcoinity.

molecular

donator

Activity: 2772

Merit: 1019

Quote from: just1nmc on April 24, 2013, 12:39:02 AM

Quote from: sacko on April 24, 2013, 12:37:30 AM

Quote from: Bowjob on April 24, 2013, 12:13:40 AM

What happened to this thread supposedly "Hardcore" without silly pictures or text? If it's gonna be like the first one, you might as well do a 51% on the old one and stop this thread fork.

+1
Isn't Adam the man who claimed to keep this thread clean? See OP.

Lol, this comes up every few pages. This is the same as the old Wall Observer thread. Adam changed his mind

Then he should change the op, too, for fucks sake.

lebing

legendary

Activity: 1288

Merit: 1000

Enabling the maximal migration

Quote from: ManBearPig on April 24, 2013, 12:39:56 AM

Good luck to whomever just bought my coins and I hope you've bought your wall-climbing shoes: 16K+ $2 ahead.

It's been a great little run but we need to pause for breath (and new money).

Today is Wednesday. Cool

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: ManBearPig on April 24, 2013, 12:39:56 AM

Good luck to whomever just bought my coins and I hope you've bought your wall-climbing shoes: 16K+ $2 ahead.

It's been a great little run but we need to pause for breath (and new money).

You are right, expect short term buying opportunity at $133ish.. I would say, technically we should flashcrash there in 10 minutes and double-comfirm the short term bottom in 1-2 hours.

ManBearPig

sr. member

Activity: 350

Merit: 250

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

Good luck to whomever just bought my coins and I hope you've bought your wall-climbing shoes: 16K+ $2 ahead.

It's been a great little run but we need to pause for breath (and new money).

just1nmc

sr. member

Activity: 280

Merit: 250

Quote from: sacko on April 24, 2013, 12:37:30 AM

Quote from: Bowjob on April 24, 2013, 12:13:40 AM

What happened to this thread supposedly "Hardcore" without silly pictures or text? If it's gonna be like the first one, you might as well do a 51% on the old one and stop this thread fork.

+1
Isn't Adam the man who claimed to keep this thread clean? See OP.

Lol, this comes up every few pages. This is the same as the old Wall Observer thread. Adam changed his mind

sacko

full member

Activity: 174

Merit: 253

Quote from: Bowjob on April 24, 2013, 12:13:40 AM

What happened to this thread supposedly "Hardcore" without silly pictures or text? If it's gonna be like the first one, you might as well do a 51% on the old one and stop this thread fork.

+1
Isn't Adam the man who claimed to keep this thread clean? See OP.

ElectricMucus

legendary

Activity: 1666

Merit: 1057

Marketing manager - GO MP

Quote from: samurai1200 on April 24, 2013, 12:34:16 AM

Quote from: Bowjob on April 24, 2013, 12:13:40 AM

What happened to this thread supposedly "Hardcore" without silly pictures or text? If it's gonna be like the first one, you might as well do a 51% on the old one and stop this thread fork.

I agree. So here's a chart. I put a line on it.

up, uP, UP

samurai1200

sr. member

Activity: 303

Merit: 250

Quote from: Bowjob on April 24, 2013, 12:13:40 AM

What happened to this thread supposedly "Hardcore" without silly pictures or text? If it's gonna be like the first one, you might as well do a 51% on the old one and stop this thread fork.

I agree. So here's a chart. I put a line on it.

Bowjob

sr. member

Activity: 294

Merit: 250

What happened to this thread supposedly "Hardcore" without silly pictures or text? If it's gonna be like the first one, you might as well do a 51% on the old one and stop this thread fork.

marcus_of_augustus

legendary

Activity: 3920

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Eadem mutata resurgo

Quote from: ineededausername on April 23, 2013, 05:17:17 PM

Quote from: NamelessOne on April 23, 2013, 05:14:41 PM

Quote from: ineededausername on April 23, 2013, 05:09:27 PM

What if the whole crash was the mid-May'11 phase of the bubble (for those of you who were there back then)?

What if it all ends, not at $266, but at $1000? Grin

I was here for the 2011 bubble, I would enjoy this scenario greatly! Grin

Thousands of bitcoiners are going to retire soon!

Several hundred already did methinks ...

sunblaster

full member

Activity: 126

Merit: 100

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 34060. (Read 26635384 times)