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2101  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2014, 02:28:37 PM
Maar ik kan. Alleen, ik wil niet :p
2102  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2014, 01:01:36 PM
This inspired me to make an article about it. Another day, another conspiracy in the Crypto world.
http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/fxbtc-exchange-shuts-down-early-holding-10000-of-customers-funds/
Picking a nit: the Chinese currency is called yuan, the Japanese one is yen.  (Although the words have the same origin, it would be like referring to GBP as "the British peso".)

Or the US Taler :D
2103  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 15, 2014, 12:49:41 PM
Huh. This is starting to look somewhat decent. Not what I expected, but, nice.

If we make it to 460, I might even buy back in (coming from 550, so don't come shouting "at a loss").
2104  Other / Off-topic / Re: Say "Good Bye" to HDD. on: May 15, 2014, 12:35:21 PM
I always prefer to go double. The SSD for OS and programs as well as commonly played games. The HDD for the documents.

The best way to go about it. If you do it like this, cheap 128 GB SSD is all you need.

BTW, getting my crucial m4 SSD was the best improvement in computer performance I felt since I replaced my celeron 1.8 with athlon 64 3200+. Cheesy
Well for some people 128 GB is not enough even for the drive with the OS. This is what kept me from not buying a SSD yet.

128GB is plenty if you are using it "only" for the (a) OS.  If you install multiple OS on the SSD then you could potentially fill it up.   I have a 240gb installed.  Although I intended to use it only for the OS is has slowly acquired other files/programs.  I have a sloppy tendency to always download files to the desktop and sometimes when installing new programs I mistakenly install them to the SSD. 
One of the unpleasant thing about Windows... maybe someone will correct me here (please, please, please!), but I've never found a way to have stuff which'd automatically save to C:/ automatically go to, say, O:/ - you know, stuff which heads to appdata or "My Documents" and other such stuff in "Users." -On the Windows side, that is. Obviously, I tell Core (that always makes me think I'm at some fitness forum...) to use O:/ - but I'm not going to look up every single program to see if there's possibly (unlikely) a way to have saved data moved over to O:/

That's why I have to constantly open WinDirStat for my SSD (if I haven't made it clear by now -- it's a really slick program).  There's just so much junk on my copy of Windows, now... but I can't just wipe it anymore without all sorts of issues. All my software's on the O:/ HDD, but all the "vital components" are on the C:/ - which I can't store the blockchain or anything other than the enormous mass of DLLs and Doze files on... so if I wipe it, I lose all those referenced DLLs and similar subcomponent files. You know - and these subcomponents... maybe a piece of software references 10MB worth of data on C:/, so it's ridiculous to have that so "importance-biased."

It's an unpleasant situation. Even if I upgrade my hard drive, I have AT LEAST 200 unique pieces of software throughout my Medusa-like hard drive compound (ha - I don't even think they'd all fit in most PC cases), so I'd be looking at literally days or maybe even weeks to bring them all back to being usable. It's for a similar reason I'm not particularly fond of Steam.... it's difficult to manipulate files -- yeah, I can just redownload the file from them, but on my 3G Sprint connection, it took me a week just to download Empire:Total War a couple weeks ago. I see, you know, some of the Core devs saying stuff like "oh, well the blockchain is only as big as Diablo 3" - but I obviously rely on my primary means of income and expenditure a Hell of a lot more than Bitcoin.

... There are so many things I hate about Windows.... .... maybe time to switch and become one of those assholes who tells everyone else they're the devil if they don't, too.

The world explained, in game (size) analogies.

I like it.
2105  Economy / Speculation / Re: Rick James believes the end of capitulation is close! on: May 15, 2014, 12:25:58 PM
Finally some TA/prediction I can get behind.

I'm extra glad the RJR lines were made with the spraycan instead of the line tool.

Can't agree any harder.

Use of spray can tool made this post go from 'solid TA' to 'god tier knowledge of future price'.

AAA+++ would spray again.

EDIT: it only now hit me! white spray line = line of coke! This post keeps getting better the more I look at it.
2106  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2014, 04:39:38 PM
I saved 10k the last months/year and am going to holiday in 2 weeks. Now I am in a situation - buy or die? Should I buy moar? Or let the money under my bed for the next 2 months? Because as some people know, I(we, me and parents) already invested 60k @$700  Undecided

And I almost always buy high, so I probably think that if I buy, weŽll be at $200 soon... Any suggestions?

Oh boy. Are you serious?

You realize that, depending on who you ask, it is either TEH BEST TIME TO BUY EVAR or LOL DROP TO 200 TOMORROW.


I'll give it a shot to give a relatively neutral answer: Market is currently in a consolidation stage. It's everybody's guess (some will guess better than others however) if we're going up from here or not. In other words, it's always a gamble to some degree to invest/buy in, but more so now than during a time when the market is clearly going in one direction.

One thing I will say however: it is almost certainly a better time to buy in /now/ than when you originally did, with a downtrend very firmly in place, and still going at full steam. I'd say we're still pretty firmly inside it, but it lost some of its steam, so the downside risk is less now.

I'd still suggest to wait and see how the market moves in the next week or two. If you seriously won't have any chance to place an order in the next 2 months, then you might as well buy now, but don't be too surprised if it drops further, or (more likely maybe) price is still around 400 when you come back from your trip.
2107  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2014, 03:10:53 PM
Just interested whether anyone can point me to a remotely similar situation - perhaps a commodity that is heavily controlled in some countries but traded freely in others - so that some understanding of the implications for the global market may be understood.

Gold was forbidden to own in the United States between 1933 and 1974, punishable by $10,000 fine and/or 10 years imprisonment.

Meanwhile in the free world, the price went up from $20 to $195 during that period.

Background.

This is potentially the most relevant thing to think about that anyone has posted here for a while.

Quote
War, invasion and national emergency

When dollars were fully convertible into gold via the gold standard, both were regarded as money. However, most people preferred to carry around paper banknotes rather than the somewhat heavier and less divisible gold coins. If people feared their bank would fail, a bank run might result. This happened in the USA during the Great Depression of the 1930s, leading President Roosevelt to impose a national emergency and issue Executive Order 6102 outlawing the "hoarding" of gold by US citizens. There was only one prosecution under the order, and in that case the order was ruled invalid by federal judge John M. Woolsey, on the technical grounds that the order was signed by the President, not the Secretary of the Treasury as required.[43]

WP article "Gold as an investment"


EDIT: More here: http://en.wikipedia.org/wiki/Executive_Order_6102

Interesting article. Looks like gold was in fact confiscated in several cases, but I can only find one mention of penalization, and the article mentions "Most citizens who owned large amounts of gold had it transferred to countries such as Switzerland.[citation needed]".

Fun topic, but not really quite the same as the often feared "outlawing of BTC by all countries".
2108  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2014, 03:07:19 PM
It bothers me that this recent 'no action at all' phase bothers me so much.

I really think I just shouldn't care, take a break maybe, made more than enough profit in the past months after all, and isn't this what the LT investors always hope for, stability? Yeah, that's what I should feel...

In reality of course it's driving me crazy. "Make up your mind already, market!", he said, angrily glaring at btcwisdom.

It's made up its mind Smiley

Hardly.

Getting to 420, or 460, doesn't matter which... that'd be interesting.

Until then: - - - ` - - _ - - `- _ - `- - -

(that's some brilliant ASCII art, huh?)
2109  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 14, 2014, 02:29:56 PM
It bothers me that this recent 'no action at all' phase bothers me so much.

I really think I just shouldn't care, take a break maybe, made more than enough profit in the past months after all, and isn't this what the LT investors always hope for, stability? Yeah, that's what I should feel...

In reality of course it's driving me crazy. "Make up your mind already, market!", he said, angrily glaring at btcwisdom.
2110  Economy / Service Announcements / Re: BitcoinWisdom.com - Live Bitcoin/LiteCoin Charts on: May 13, 2014, 05:18:40 PM
Hey again

Could you maybe consider adding "," as a delimiter for large numbers? Price isn't high enough yet to really be a problem, but with volume(BTC) it's hard to read sometimes which number it is, and with volume(USD) it's almost impossible sometimes. So "1000000" should become "1,000,000".
2111  Economy / Speculation / Re: Something, something, something, technical analysis on: May 13, 2014, 03:41:19 PM
So, we're back below the daily Ichimoku cloud, which I described as the most likely case (barring a move to ~470 that never manifested) in my post 5 days ago.



Note that the shape of the cloud ahead of us would in principle allow for more sideways trading, below ~450, avoiding a more decisive price movement up or downwards.

However, "more of the same" (sideways movement) is not the most likely scenario in my opinion. We're still firmly inside the triangle pattern that I consider the best candidate for the boundaries of the downtrend we're in since December:



I've posted about several different versions of that large triangle before, but here's a quick recap: all trendlines are drawn in log, the resistance trendline is well known and seems fairly obvious (3 points of contact), the higher of the two support lines runs through the rising points of support around 400 (but was broken briefly on April 10/11), and the lower support line runs from April 2013 $260 to April 2014 $340. It only has two points of contact, so technically doesn't count, but I have a simple independent argument in favor of it that I'm going to post here later. Note that this supporting trendline doesn't necessarily imply that we've seen the final bottom (at $340), just that we'd expect to see some support along this trend.

Based on those two triangles, I would expect a more decisive move of the market within the next 2 weeks at the latest. Mainly for reasons of volume and money flow analysis, I am leaning towards predicting a bearish breakout, expecting that we will probably fall through the higher of the two supporting lines, and will at least test the lower one afterwards.

On the other hand, here's the case in favor of an upwards breakout:



With a bit of charitableness, I can see a falling wedge (good info on the pattern here), with signs of declining selling pressure both in the MACD and the more "gentle" downwards slope  of the lower trendline. This could hint at a continuation of the previous upwards move, the bull run that took us from $340 to $550, so: a bullish continuation pattern that could catapult us out of the large triangle. I consider it highly speculative though, so I'd wait for bullish confirmation in the form of a breakout through the upper line on high enough volume before acting on it.


EDIT: here are the numbers for the events described above, as of 2014-05-14: log downtrend @~460, higher support line @~400, lower support line @~350, bullish breakout target of falling wedge @~450 (keep in mind: needs volume for confirmation)
2112  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 13, 2014, 01:34:49 PM
Was it ever that boring  Embarrassed

Now that is a stable currency but the price is too low Cheesy
IMO if the Gox situation gets resolved, and they'll really take over and refund people, the price will go up. There's too much uncertainty in the air right now.
How could Gox ever possibly get resolved?

Anyways, I think the market is over it at this point. Looking at the long term charts we've bottomed out, and I can feel the slow uptrend coming on.
The market is over the sentiment of mtgox, however if the 800,000 goxcoins actually get dumped on the market, it would certainly not be over the physical weight of the selling pressure of those coins - it would be devastating.

The gox situation may not ever be 'resolved' in the case of refunding its creditors. However, if the mtgox site was relaunched under new management, it may help the market due to increased exchanges/liquidity, and because mtgox is still the front page of bitcoin in the eye of most of the general public. The average person goes to mtgox.com to buy their first bitcoin, sees all the shenanigans, and decide they don't want to bother with bitcoin anymore. So fixing that would help.

Agreed on the 'the sheer weight of stolen coins can't be ignored' part of your post.

But 'mtgox = front page of Bitcoin'? Not really. Except for the most obstinate segment of popular media (say, actual yellow press) the message arrived that the mtgox era is over. I believe there's sufficient awareness among prospective buyers of the current in-between state wrt what the dominant exchange is.

That is not say by the way that the damage to trust caused by the mtgox fiasco can be ignored.
2113  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 13, 2014, 10:56:01 AM

Anyone else noticed that a news overview for the topic 'bitcoin', say on Google News, now regularly returns price analysis and forecasts by mainstream papers? That's a relatively recent development.
2114  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking on: May 13, 2014, 10:07:19 AM

Look, we've had our arguments, and Rpetilia doesn't like me much because I call him out on his ego and challenge him, but I don't think we need to post pictures of him covered in silver kitchenware or make fun of his "castle" because its in disrepair.

Challenge him his ideas, theories, charts, lack of ability to admit mistakes, etc. But I think his mental health, real estate and photo ops are off limits, unless its in good nature.

+1

There's calling someone out on his bullshit, and then there are cheap shots at someone.

Most in here know by now that the property he bought is in need of renovation, but that's hardly a reason to imply it's a failed investment.

The moment to post the "ruin" picture above is if (and only if) he posts the photoshopped picture again, without mentioning that it is a shop. That'd qualify as 'bullshit', and it makes sense to counter it with a dose of reality.
2115  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2014, 05:11:12 PM
Anyone want to ask me if I am still holding my 1200 BTC shorts now?

Chessnut? Are you online?


hehehe, good call, but don't get too cheeky :)

real question to me is now: will we break 420 (which provided some minor support recently) on this leg down or not. daily lower BB sits at ~413, that's as low as I can see it go in the next days, in all likelihood.
2116  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 11, 2014, 04:39:37 PM



Non?

Si.

Ooh!
2117  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 10, 2014, 06:54:38 PM
Some of you are seriously cheering for a necro of mtgox?

Just know that you'll deserve any and all of the abuse you're going to get if that piece of shit exchange gets a second chance.

2118  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2014, 09:18:33 PM
Quoting somebody from a year ago at a panic moment when they thought somebody could have stolen their coins? 

When they paid a hotel extra for no staff to be present during a certain time, only to have staff wandering through unannounced?

Wow, dude.  I don't even know what to say.  If you have to go back a year to barely find dirt on somebody, I think you have probably accomplished the opposite of what you were trying to do.

I've never found Risto to be anything but honest and concerned about everyone's well-being to the best of his ability.  That's a rare commodity around here.

I didn't quote anything from a year ago. I didn't even read the old thread. I am simply asking him questions and getting responses based on things he is saying in last 24 hours.

Maybe you should get his **** out of your mouth  Shocked Cool long enough to read the entire exchange.

I'm just playing with you, don't get angry.


I think pumpkin head quoted Rpietila, and then Rpietila provided an amorphous and ambiguous and contradictory and evasive attempt to contextualize that made matters worse. 

I genuinely appreciate Rpietila's various contributions to this thread and the forum; however, Rpietila is NOT very strong in the taking responsibility arena, and he seems to want to add drama and self-glorification where neither drama nor self-glorification seems appropriate.

I don't even agree with the seemingly bearish nature of windjc; however, he has been spot on in his various posts to highlight the contradictory and illogical muddle that Rpietila had been attempting to communicate.  Rpietila just got worked up, failed to adequately respond and claimed to "ignore" Windjc.  I am generally a pretty big fan of Rpietila's technical contributions and analyses (to the extent that he is NOT charging for them), but he should get real, and slow down with some of the self-aggrandizing.

Pretty much.

I'd comment some more on this but I have a lunch date with Paris Hilton.


Big deal, I'm getting head from Alan Greenspan right this moment.He's okay. Not great, but okay.
2119  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2014, 05:07:40 PM
I have not learnt yet how to attach charts, but looks like there is a bearish divergent on 15 mins chart on Huobi (between price and Stochastic RSI)

Upload to imgur (seems to be the most reliable image host for display in this forum, other hosts tend to be blocked), then bind it in between the

Code:
[img][/img]

tags.
2120  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: May 09, 2014, 04:03:17 PM

Look, btcwisdom has Bollinger bands now. How convenient.


[...]


Like I said a few days ago, I don't want to be a pessimist, but I prefer to wait til there's actually something noteworthy going on before I start cheering.

Not only didn't we break through a number of plausible (log) downwards trendlines that have been making the rounds for a while now, we're not even in the upper BB half. Go back to July 2013 to see what a decisive reversal looks like wrt BB.

If we manage to fight our way into the upper half of daily BB, and then break through the upper band, or alternatively (and more realistically) bounce off of it but at least find support at the BB mid line (SMA20, now at 460), I'm going to get cautiously bullish, but not earlier.


But I already know what the bulls will say... that's just a permabear talking, trying to spoil our fun Cheesy

If we would be at the top of the bands, we would have already broken the triangle... So if they go up that high, they will go far far higher... ie this is not the best indicator to be using at the moment.


My point was, even if you don't trust trendlines (log or linear), which are in the end just estimations of the boundaries of trends based on candle/price extrema, a similar picture can be developed based on moving averages: nothing noteworthy has happened yet.
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