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1941  Economy / Speculation / Re: What a weekend! on: January 05, 2014, 07:09:58 PM
You guys realize that this is INSANE again right? Huge correction waits...

Yup.

China still accounting for 65% of trade and they are still set for official Bitcoin shut-down at end of month....

..WhAt HaPpEnS nExT? DUH DUH DAH!

(I am in Bitcoin..been trading on the way up from low 700s and bought 15 coins at $835, and another 11 at $900, but as ever, will be keeping a damn watchful eye on charts and am ready to pull the trigger on the whole lot...think we will be good for $1000 on Bitstamp at least anyhow...there is quite a lot of momentum going and a lot of market memory being rekindled here)

MatTheCat although we all have our understanding of things we all have blind spots - feel free to tell me what you think mine is as it can only help me! - and yours is that you are slightly too trigger-happy! I hope you don't mind me saying.
1942  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 06:59:16 PM

The lambo was a PR stunt for btc. I buy just about everything i can for life using btc. But the media could care less about my socks!

A great PR stunt and also why not if you want one and can afford it? Actually what I wrote sounds rude - my apologies - but it was meant for any smaller Bitcoiner who might just be glued to their screens hodling their BTC without the slightest thought of spending even a tiny fraction, while they wait for their tropical paradises and goodness know what else!

I suppose spending's not perhaps so easy to do right now - its not as if you can buy a pint of milk in the cornershop quite yet - but that's why an effort's required. Has anyone started a thread on this? What I bought today with BTC? If not I'll get one going shortly.

So let's spend spend spend. From a pint of milk to a Lambo!
1943  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 06:22:33 PM
That wall at 1200 looking insurmountable

Just be very, very, very slightly patient
1944  Economy / Speculation / Re: MtGox just re-hit $1000... on: January 05, 2014, 05:15:19 PM
Right now I do think that Bitcoin price is 90% manipulated BS.

I believe you may not be giving enough credit to simple chaos.

I know the feeling you mention but what worries me is that I might start believing in some kind of conspiracy where the top 50 Bitcoiners - those rich ones - are all in league with eachother, rubbing their hands with glee as they fleece everybody.

An unlikely scenario, I think you'll agree?

No, things are more chaotic than that. That's not to say that there aren't large whales about, but as I've said before and as has been backed up here by at least one big whale, I do not believe that generally they are in cohorts with eachother to get as much out of the market as possible.

But yes they may try to move the markets individually. But then I bet they lose out often enough when the market swings back and slaps them across the face. Just look at this weekend for example. Magic!

It's also important to note that certain large whales probably want to keep most of their coins for the long term, as by doing so they will own significant "shares" (for want of a better word) in a great global payments system. And that will count for a lot.

It might sound like a joke, but I believe that in the markets the day of the plankton is coming now. Arise plankton, with your micro-payments and your Bitcoin burgers!
1945  Economy / Speculation / Re: What a weekend! on: January 05, 2014, 05:02:51 PM
You guys realize that this is INSANE again right? Huge correction waits...

As I said already in the post, we may well keep popping up as proposed by Hellork, I think to a new ATH, but then of course expect a probable return but not far relatively. By the end of next week $950 - $1000 will be the launch pad, no lower.

Actually I would prefer it if Bitcoin takes it "easy" this week at around +$20 per day!
1946  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 04:51:41 PM

I'm guessing the dynamics will be similar to that, but more because of the manipulation of the market. I suspect there are big players that will benefit from running the price up and down for a while, accumulating positions, shaking out weak hands, before allowing the next big jump up. Just a hunch, and I am almost exclusively a long-term holder.

We are moving into a time when plankton will turn on whales! Soon you will be able to watch plankton stripping a whale to the bone in a few seconds!
1947  Economy / Speculation / Re: What a weekend! on: January 05, 2014, 04:48:33 PM
We break gold easily mid-week.

Get ready to watch the media circus begin!  Smiley
1948  Economy / Speculation / Re: Analysis never ends on: January 05, 2014, 04:39:57 PM
If I understand it correctly you have been very sceptical of the last couple of weeks yourself though, haven't you? I ask again: at what point will you accept that your trendlines have been broken and it is time to re-plot your charts?

what do you mean by skeptical? and i apologize for my brutish language i'm running on very little sleep. i mean no disrespect to you it just bothers me when comments are made that give practitioners of TA a bad name, in general.

and of course no trendlines have been broken at all. we've been riding the same bullish moving support since the $600 consolidation. however, now we are dizzyingly high above the trendline and so the market is being a little irrational right now, i'm not skeptical of what is, i'm cautious of what's to come. blind bullish sentiment is not a good trading technique Tongue i'm pretty sure you're mistaking a balanced head for skepticism Cheesy

--arepo

By sceptical I mean your daily pointing to a final capitulation to complete the downtrend.

No offense taken. I am myself tired but mainly from paying too much attention to Bitcoin every day!  Smiley

Actually I ask myself why I bother writing these recent rambles. It just seems quite clear to me that we are likely seeing the beginning of the final leg up, the last wave, the big bubble, the S-curve, whatever some might like to call it. Is Bitcoin ready? I don't know. But I don't think people care. And there have been many similar stories with other Internet phenomenon. But this one really is a huge beast which will go fast now.

You are a balanced person and I am sure you will say it is too early to call. But I have the strongest feeling that I've had for a long time about this. And it's not just my opinion - the circumstantial evidence is there. So I feel like I should preach "Hodling" because nothing else makes as much sense!  Cheesy I know I'm annoying you now!  Grin

I hope you are right, but you just described sentiment at the top of wave B perfectly.  If that is the case, just remember to not get shaken out in wave C.

Thanks for the tip!
1949  Economy / Speculation / Re: Analysis never ends on: January 05, 2014, 04:33:18 PM
If I understand it correctly you have been very sceptical of the last couple of weeks yourself though, haven't you? I ask again: at what point will you accept that your trendlines have been broken and it is time to re-plot your charts?

what do you mean by skeptical? and i apologize for my brutish language i'm running on very little sleep. i mean no disrespect to you it just bothers me when comments are made that give practitioners of TA a bad name, in general.

and of course no trendlines have been broken at all. we've been riding the same bullish moving support since the $600 consolidation. however, now we are dizzyingly high above the trendline and so the market is being a little irrational right now, i'm not skeptical of what is, i'm cautious of what's to come. blind bullish sentiment is not a good trading technique Tongue i'm pretty sure you're mistaking a balanced head for skepticism Cheesy

--arepo

By sceptical I mean your daily pointing to a final capitulation to complete the downtrend.

No offense taken. I am myself tired but mainly from paying too much attention to Bitcoin every day!  Smiley

Actually I ask myself why I bother writing these recent rambles. It just seems quite clear to me that we are likely seeing the beginning of the final leg up, the last wave, the big bubble, the S-curve, whatever some might like to call it. Is Bitcoin ready? I don't know. But I don't think people care. And there have been many similar stories with other Internet phenomenon. But this one really is a huge beast which will go fast now.

You are a balanced person and I am sure you will say it is too early to call. But I have the strongest feeling that I've had for a long time about this. And it's not just my opinion - the circumstantial evidence is there. So I feel like I should preach "Hodling" because nothing else makes as much sense!  Cheesy I know I'm annoying you now!  Grin
1950  Economy / Speculation / Re: Analysis never ends on: January 05, 2014, 04:15:12 PM
Now that is what I call an upside breakout

It goes to show that you should be very careful trusting an "expert" in a fledgling market like this.

I openly went against a TA professional who said three days ago there was a 1 in 100 chance of us breaking up from around $880.

Imagine how many people listen to that: "1:100 from an expert? No way I'm going against that!"

But his method didn't work because he wasn't factoring in simple stuff that anyone can think about. He was stuck on his "new moons" and wedgies!

shut up and due your due diligence. who gives a shit if someone calls themselves a "professional" their work should speak for them. i don't want some random guy's bad predictions affecting your opinion of an entire practice, especially one of which i myself am a practitioner.

--arepo

If I understand it correctly you have been very sceptical of the last couple of weeks yourself though, haven't you? I ask again: at what point will you accept that your trendlines have been broken and it is time to re-plot your charts?

EDIT: I also said be "very careful" - that does not tarnish your profession. In all my posts I've been careful to point out that what many analysts seem to be doing is applying methods that would normally be sound, to a particular moment in Bitcoin's history where new factors are swaying things out of your patterns.
1951  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 04:10:55 PM

edit: I say "real" what I mean is "extra," as plenty of money was lying about from having sold off from before....

And how much of that is still lying about now in sweaty bear paws? Who knows?
1952  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 04:04:32 PM
there will be some resistance around 950-1100, it will take some time but bids will catch up and the price will continue rising, I think we will go beyond 2000 in few weeks  Wink

But do you realise that there is actually a very significant chance of this happening within two working weeks? I personally think it would be a bit fast but we are not out of the holidays yet people!!
1953  Economy / Speculation / Re: VOLUME on: January 05, 2014, 03:58:44 PM
Volume coming back? On the last few days of holiday?

Be prepared for a January like you've never seen before, boys and girls!  Cheesy
1954  Economy / Speculation / Re: Analysis never ends on: January 05, 2014, 03:54:10 PM
Now that is what I call an upside breakout

It goes to show that you should be very careful trusting an "expert" in a fledgling market like this.

I openly went against a TA professional who said three days ago there was a 1 in 100 chance of us breaking up from around $880.

Imagine how many people listen to that: "1:100 from an expert? No way I'm going against that!"

But his method didn't work because he wasn't factoring in simple stuff that anyone can think about. He was stuck on his "new moons" and wedgies!
1955  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 03:47:08 PM
If $900-$1200 wasn't a healthy price 20 days ago, it isn't one now.

Who says it wasn't?
Uh... we just came crashing down from these prices. Now it is supposed to be all good?

Crash? For Bitcoin that's an inbreath !
1956  Economy / Speculation / Re: I AM HODLING on: January 05, 2014, 03:42:17 PM
Who can't HODL until at least tomorrow? That's when the real fun starts!  Grin
1957  Economy / Speculation / Re: MtGox just re-hit $1000... on: January 05, 2014, 03:40:54 PM
Just remember, $1,000 just isn't cool any more.  Cool We need to get away from here ASAP!   Cheesy
1958  Economy / Speculation / Re: What a weekend! on: January 05, 2014, 03:35:25 PM
Remember: $1000 is history, 2013, forget it. This was the last weekend of Bitcoin at $1,000. It was nice to share it with you all!  Grin
1959  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2014, 03:33:24 PM
Bye bye bears!  Kiss
1960  Economy / Speculation / Re: Over the next few hours and days remember this green line... on: January 05, 2014, 03:32:08 PM



All of a sudden bullshit has taken on a new and profound meaning for me. This forum is dripping in it.

What else do you expect in a bull market? And this is going to be a big bull market, watch.
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