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

[thefunkybits]

Im gonna call a low of $520-540 on Bitstamp

(I'm HODLING though )

[fonsie]

What if Tim Draper is panic selling and the cause of this sell off. 

i wonder if very rich people care all that much about losing money, i mean its not like they have to worry about having enoght money in the bank at the end of everymonth...

when your worth more then 10Mill do you really care if its 19mill or 15mill Net Worth?

Probably not and that's also the reason why they buy when small kids panic, thus in the end the kid has nothing and they have 25 million$

[dropt]

i wonder if very rich people care all that much about losing money, i mean its not like they have to worry about having enoght money in the bank at the end of everymonth...

when your worth more then 10Mill do you really care if its 19mill or 15mill Net Worth?

Yes.  From my experience one of the most common fears of people with money (they "earned") is losing it, or not having enough.

[DjPxH]

The pain isn't intense enough, yet! We need to push into the 550s... There can't be a healthy trend reversal without a decent shakeout of all the longs!

And you think 550.00 is enough to shake out the (leveraged) longs? Maybe, but I doubt it.

No, but that's the first step we need to take. Kill the credit bubble on Finex! Geez, if we're only going down this slowly, we're never gonna accomplish anything. People need to panic. There has to be desperation!

[DjPxH]

What if Tim Draper is panic selling and is the cause of this sell off.  

Ha! Yeah, he's all like 'What the heck have I bought here? I must've been out of my mind!'

[Schickeria]

The pain isn't intense enough, yet! We need to push into the 550s... There can't be a healthy trend reversal without a decent shakeout of all the longs!

And you think 550.00 is enough to shake out the (leveraged) longs? Maybe, but I doubt it.

No, but that's the first step we need to take. Kill the credit bubble on Finex! Geez, if we're only going down this slowly, we're never gonna accomplish anything. People need to panic. There has to be desperation!

Yes. I agree.

[Torque]

Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years!  Great job!

[Dalmar]

i wonder if very rich people care all that much about losing money, i mean its not like they have to worry about having enoght money in the bank at the end of everymonth...

when your worth more then 10Mill do you really care if its 19mill or 15mill Net Worth?

Rich folk like him have people who manage his money and they probably will panic when they are so much in the red.

His coins has not moved.

He could have traded his account for more 'private' ones for all we know.

[fonsie]

i wonder if very rich people care all that much about losing money, i mean its not like they have to worry about having enoght money in the bank at the end of everymonth...

when your worth more then 10Mill do you really care if its 19mill or 15mill Net Worth?

Yes.  From my experience one of the most common fears of people with money (they "earned") is losing it, or not having enough.

But most of them didn't earn it, at least not by working hard for it, most just inherited. Look at the guy here on the forum who sold his house, if he worked his butt off and only had 1 house he wouldn't have sold it.

[oda.krell]

Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years!  Great job!

Funny how those mythical "manipulators" are only invoked on the way down, rarely on the way up.

[esse83]

Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years!  Great job!

Funny how those mythical "manipulators" are only invoked on the way down, rarely on the way up.

Stop being a bear! Bittokoinoo is going to $10k by december, fool!

[Torque]

Yay manipulators, sell it down on all exchanges to < $200! Go for it! Completely destroy the bitcoin market entirely so no one comes back to crypto for years and years!  Great job!

Funny how those mythical "manipulators" are only invoked on the way down, rarely on the way up.

Funny how you always show up suddenly when the word "manipulator" get posted.  

And for the record, I do believe that manipulators are responsible for bubbles too.

[empowering]

are we there yet?

[adamstgBit]

interesting



but not at all surprising.

[samsonn25]

Enough of the conspiracy theory. If there were more buyers than sellers price would not be at this level.

[ChartBuddy]

Explanation

[DjPxH]

Everyone's just talking around here, let's put our money where our mouths are and buy some BTC in order to get this baby on course to the moon again! 

[empowering]

Enough of the conspiracy theory. If there were more buyers than sellers price would not be at this level.

Indeed, however add the variable of time, and the statement above will either be true, or its opposite will be , this is one moment in time in the market is all....
when taking that into account... the statement means little on its own.

[fonsie]

Enough of the conspiracy theory. If there were more buyers than sellers price would not be at this level.

Think so? Couldn't have guessed that.

[Heartbit.io]

interesting



but not at all surprising.

Damn those charts looks good.   I think they are coming from heartbit.io/app

Ok enough advertisment. This is a nice idea to put the average trade size ! I'll think about where I can put it without polluting the readibility. Thanks for this idea;