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22281  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 14, 2017, 05:44:05 PM
I'm just waiting for the next "china bans BTC" to buy more cheap coins. Dumps are good because it allows the spread of BTC wealth worldwide in some way.

Does "waiting" mean that you do not have any coins?  Or, does "waiting" mean that you have 3/4 of your coins, but you are considering that the probabilities are pretty decent that the price is going to drop some more?  And what would that price be and how many would you buy back at what price points?

For example, if you are betting on coins going below $980 or $950, there may be a decent chance of such, but the odds go down the lower you expect the price to go, and if you are waiting for below $900 or below $800, you are engaging in additional risk.

I could see flat in this $980 to $1020 price arena - even though it currently is seeming like there is decent upwards ongoing price pressures.. so maybe jumping up out of this price range seems a bit more likely to be the next move rather than down.. sure it could go either way.. so I am only slightly considering up as being a greater likelihood.
22282  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2017, 08:31:56 PM
Whales seem so keen on having the price around 1000... some of these orders are ridiculous, right now there are about 500BTC for sale just above the $1000... and when the buyers start chipping into it, they get refilled to precisely 75.00000000 or 100.00000000... one is even 300.00000000. Thoughts?


From time to time, we get stuck at all kinds of price points.. you are reading too much into it if you think that $1000 has any significance beyond the fact that it just happens to be where we are at currently... and it is not a bad spot to be - even though there is certainly some dispute, too from some who think we should be above and others who think that we should be below.  If one side prevails, then we will move off of this spot in either one direction or another...
22283  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2017, 08:12:57 PM
roll on 800s!!

$800 because of this? i doubt it, but i guess we will see.

Update: Yunbi increased bitcoin trading fee to 0.2%; CHBTC suspended ETH & ETC withdraw, same policy as BTC & LTC now

https://twitter.com/cnLedger/status/831059294522990592

Update#2: HaoBTC announced will remove its exchange functions. The main services (mining and online wallet) remain unaffected

https://twitter.com/cnLedger/status/831066928319848448

Not up on this, but does HaoBTC and/or others have 'satellites' outside of China proper? (or plan to do so?) thus just all exchanges getting the heck out of China proper
will be the end result of all these heavy handed (imho) actions of Chinese authorities?

ASSUMING above is true. CAN the masses in China move Yuan still in some manner outside of the country, with the exchanges located outside, in a large manner to support
BTC yet? or will the great 'firewall' of china hold on such actions with BTC exchanges outside of China?

(or who the heck knows?)

well I wanted cheap coin to get back to 100 btc on my hoard again. Seems it has come to pass. (conflicted...always conflicted....want one thing cheap coins, then I get
cheap coins...then freak and want price to go up for BTC and vice versa...sheesh) Sad



wow, thanks for insight! makes sense


Insight..sigh......someone want to comment on my insight with some insight..still no clue.....

ie if all the exchanges move out of China .....would their be enough $$$ coming out of China to those exchanges ...thru the great firewall of china to matter
or would any newbie/users of BTC in china be out of luck?

(damn always good with the questions...have no frigging idea of the answers...can see the trap in other words...but stumble into it anyway) Sad


My life is a constant emotional bounce between...

CHEAP COINS, CHEAP COINS, CHEAP COINS....

and

FOMO, FOMO, FOMO

Damn, I am such a BTC groupie tool....... Sad


Gotta respect you for admitting it... and even if you sometimes can get fairly emotional, you still have some good insights, too.. .There is something about having the actual experience that helps a lot, even though sometimes any of us can be a bit strung along by some of the volatility and even the manipulation of the space.. there is so much information and so much disinformation that it is difficult to not get caught up in some of it.. even if we were to have the strongest of wills.. that is certainly not me.


22284  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2017, 09:30:46 AM
Who thinks it will go furthur down? My instinct is telling me to sell most of my stash to buy back in when its furthur down or even just later if it starts going back up.


Yeah... go ahead.. sell most of your stash.  Good luck.

My instinct tells me that if I was going to sell, I would have already done it.. therefore I am currently in buying mode, and it is just a matter of how much and how much of a drop to wait for.

However, for example, if I think that the price is going to drop fast and far, then I would attempt to cancel my higher up buying orders in order to attempt to combine them at lower prices.. but who knows?  




well I wanted cheap coin to get back to 100 btc on my hoard again. Seems it has come to pass. (conflicted...always conflicted....want one thing cheap coins, then I get
cheap coins...then freak and want price to go up for BTC and vice versa...sheesh) Sad


I know the feeling.  I feel glad to get some more cheap coins, but wonder when it's going to stop... and wonder if I should wait a bit longer..
22285  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2017, 03:04:02 AM
So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.


oh gosh!!!!  The only manipulation there is happens to be your ongoing attempts to manipulate facts to your lame-ass numerology theory.   Roll Eyes Roll Eyes

What, no rambling, incoherent, circular, wall-o-text this time JJG?

Yes, I got's myself some variation in my skills.....  thank you very muchie...  Tongue Tongue
22286  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2017, 02:58:36 AM
Wild theory indeed... but something weird seems to be happening at stamp... Last couple of hours someone has been using 15BTC and 30BTC bids to push and pull the price a little bit... right now placing them a full 2 USD above any other bid, its pulling the price up to 1004.

Due to my staggering lack of experience, no conclusions  Grin just observation

PS: first post, been reading along with you guys for a while, thanks for the useful info in the last couple of weeks

PPS: the 999/1000 USD psychological effect was pretty evident as well, like killerpotleaf said

The fact of the matter is that it is very difficult to determine exactly what is going on, unless you happen be part of the ones playing those coins to test resistance or support or to attempt to hold the price.  Also, the price on one exchange can sometimes lead other exchanges, yet other times, it can sometimes hold back, or sometimes the other exchanges do what they are going to do, and the lagging one has to catch up.

Sure, watching helps, but it is not easy to determine - and sure sometimes, there can be the use of bots on various exchanges, maybe some exchanges are easier to accomplish than others, and I am sure some folks participating in this thread may have even experienced a bit with their own bots or variations of bots.

Edit:  regarding your PPS.. Oh please don't tell me that you are going to jump on to the numerology baloney.

Yeah, sure there are various obvious price sticking points  and sometimes they will stick around obvious numbers because people put their orders there, and we can all have fun with some of the numerology stuff, but when you start to take that numerology crap too seriously and try to read too much into it, then some of us are going to wonder how well grounded you are....

Yes, let's have some fun with numerology.. .. but going further  Roll Eyes Roll Eyes
22287  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 13, 2017, 02:29:42 AM
So somebody at Stamp wants exactly $999.9999 (or er, exactly $1K) for like days.

Right guyz?  Right??

For what reason, nobody seems to know.

Nope, not manipulated. Nope not at all.

Nope.


oh gosh!!!!  The only manipulation there is happens to be your ongoing attempts to manipulate facts to your lame-ass numerology theory.   Roll Eyes Roll Eyes
22288  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2017, 08:52:12 PM
Is it really severely undervalued? Look at my post above with the transaction bandwidth edit. How is Bitcoin severely undervalued without diving into speculative growth? Bitcoin's primary draw is as an investment tool for speculation. How many of you here regularly use Bitcoin as a currency to buy and sell goods for?
Bitcoin isn't just a currency, and that's the whole point of it. If you think that this is all there is to it, then you don't truly understand where the underlying value stems from. How many people regularly use Gold in a similar fashion?

Bitcoin's intent was to be a digital form of cash. It is both a currency and a means of payment processing. This was pointed out right in the whitepaper. Even if Bitcoin now fills a different space, its outward intention was to function as both a currency and payment processor.

Now don't get me wrong, Bitcoin can scale [not to the level of Visa I don't think], but it is highly likely it will not in any substantial way. If a dynamic block size is implemented along with blockchain pruning then we could see many times more transactions processed per second, but just a basic increase [not even looking at pruning] has not made any meaningful progress towards consensus. And even if the network could handle it, how many of you actually use Bitcoin to buy and purchase goods and why not just use any other payment processing network?

GBattaglia.   You seem to be purposefully attempting to create a strawman argument with your emphasis on payment systems (which is only one part of bitcoin).  

I will admit I am playing devils advocate to some extent, but that is due to some of my disillusionment with how Bitcoin has evolved over the past 4+ years I've followed it. I believe most people would have very little interest in Bitcoin if its price remained stable or if it just increased in value slowly [will say 10% year, which is still pretty fast but about the value gold has risen over the past 15 years]. Most people's interest in Bitcoin itself is as a speculative tool it seems. And that part of Bitcoin I'm focusing on does seem like what Satoshi intended to be the primary draw of Bitcoin in his whitepaper; digital cash.

In other words, at the risk of repeating what others in this line of conversation already suggested, you are admitting that you are not really engaging in a genuine conversation in order to suss out the value of bitcoin.  You are parcing out some choice aspect and then focusing on that choice aspect and attempting to suggest that is the whole of value of bitcoin.

Let me play along for a short-period, though.  Yeah, there are a variety of lame arguers who want to suggest that bitcoin is ineffective because it cannot compete against various centralized credit card services or other centralized payment processors. 

So fucking what?  Since bitcoin is decentralized, it has to go through various hoops to prove is secure before it can start to attempt to achieve mass adoption or mass processing.  It makes no fucking sense that bitcoin should go from zero to 1,000 without making sure that it is secure first.  Yeah, no road map was outlined by Satoshi regarding how to get to a "peer to peer cashless payment system", but you know what, when you look at the situation, it makes sense to make sure that the peer to peer and the security is powerful and robust.. before the payment system becomes either mass adopted or on a similar level to some centralized system. 

On the other hand, bitcoin remains amazing because it is accomplishing a lot in terms of bolstering the various aspects of the peer to peer and the secure in order to make the payment system to become more robust when it actually does evolve to a higher mass adoption level.   On the other hand (am I running out of hands, yet?), bitcoin already serves as secure payment system that just is not at the mass adoption level, yet so there is considerable value in the system "as is" even if it evolves no further.

Regarding processing payments through fiat and credit and other traditional system, yes we can do both, and we need not use bitcoin on that level - especially if we have the option to use the other system, as well... but still does not mean that bitcoin is not bringing something to the table, even though there exist several systems that are options to a lot of people.   Conversely, if some people do not have access to some of those other payment and credit systems, then there is likely a place for bitcoin for those under banked folks... right now that is available to those people, even if they have not learned about it yet.   Shocked
22289  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2017, 04:44:18 PM
Is it really severely undervalued? Look at my post above with the transaction bandwidth edit. How is Bitcoin severely undervalued without diving into speculative growth? Bitcoin's primary draw is as an investment tool for speculation. How many of you here regularly use Bitcoin as a currency to buy and sell goods for?
Bitcoin isn't just a currency, and that's the whole point of it. If you think that this is all there is to it, then you don't truly understand where the underlying value stems from. How many people regularly use Gold in a similar fashion?

Bitcoin's intent was to be a digital form of cash. It is both a currency and a means of payment processing. This was pointed out right in the whitepaper. Even if Bitcoin now fills a different space, its outward intention was to function as both a currency and payment processor.

Now don't get me wrong, Bitcoin can scale [not to the level of Visa I don't think], but it is highly likely it will not in any substantial way. If a dynamic block size is implemented along with blockchain pruning then we could see many times more transactions processed per second, but just a basic increase [not even looking at pruning] has not made any meaningful progress towards consensus. And even if the network could handle it, how many of you actually use Bitcoin to buy and purchase goods and why not just use any other payment processing network?

GBattaglia.   You seem to be purposefully attempting to create a strawman argument with your emphasis on payment systems (which is only one part of bitcoin).  
22290  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2017, 04:39:01 PM
[edited out]

how about australia stock exchange daily trading volume as comparison in term of $


Can you explain your point about the australia stock exchange?  Are you trying to say that bitcoin has more trade volume?  and what is the point about that, if any?
22291  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2017, 06:04:11 AM
^^ pot, kettle

Yes... I see that we have a man of many words here who would like to chime in... Please proceed with your explanation of whatever point you are so far vaguely making.
22292  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2017, 05:29:11 AM

Also, you are claiming that we are in a downwards spiraling wedge at the moment..

Please look at the picture where I said we are here, did you notice the low part of the wedge is going up, not down?

yes.. I can see the picture.  It shows that the top part of the wedge is coming down and the lower part is going up.  What is the point?  Does it change anything?  You are still drawing a picture for where we are at and suggesting that the upcoming breakout is going to be downward.. and assigning a pretty high probability to such prediction of a downward breakout .. including seeming to fail to account for our rise to $1075 last week, even though after the fact you are suggesting that it was all within your previous prediction (did I say that you made the assessment after the fact?)   Roll Eyes   o.k. great...





and you were even implying (though you deny such) that the $800 would be coming sooner.. (but now you seem to be putting that $800 claim a bit further into the future.



Again, just because you jump to conclusions and make inferences based on not actually reading what is typed (even though you quote it) does not make it an implication.
BTW this is not the first time you quoted me and inferred something I never said. And most likely will not be the last.



If you are going to ram your silly ass predictions down people’s throats and then gloat about how wonderful you are, then of course you are going to inspire some responses, including from me.

Also, yes you continuously seem to get pleasure in whining about how you are not fully understood and that people do not read the specifics of your posts to catch every little detail.. and again.. who gives a ratt’s ass about your going on and on about your various technicalities.  There is still an ability to respond to you without having to study every stupid ass little meaningless detail that you post.
22293  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 12, 2017, 12:09:04 AM
Oh?  now you are trying to act as if you are some kind of "expert" in the topic.   Roll Eyes Roll Eyes  Maybe your "therapist" status shows that you want to be in "control"

This is not 'substantive'.

This is called responding to your derailment.



Quote
What you are an expert in is avoiding addressing topics, and taking matters personally and diversion... If you just attempted to respond to the substance of my post in regards to bitcoin and the questions that I asked you in terms of backing up your bitcoin related claims:

This is projection.


Again.. merely responding to your derailment.  Whether I am projecting or not, who gives a ratt's ass?  If you would merely respond to the substantive post, then there would be no need for supposed "projection" from me, you wanna be armchair "expert"


Quote
(here's your statement:  "Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact."), and I had asked some questions from you to attempt to back up your speculation.

This is not a statement.
It is a question. The statement that immediately follows is the back up. The former explains the latter. It's one explanation for what's going on. Not the best, not the worst. For your delectation and appreciation, I've put another one below.

Whatever it is does not matter.  You still have not even attempted to answer.  You merely get caught up in irrelevant technicalities.




Quote
If you could stick to the topic of bitcoin, then maybe we would not be delving into this land of irrelevance and your supposed "expertise" in a non-topical issue, your stupid-ass attempts at arm-chair diagnosis of psychology.

This is definitely projection.

still nothing but repetition here.



Here's how we can be sure. If you answer this post, you will be the one further 'delving into this land of irrelevance', proving me incontrovertibly right. Go on. Answer Smiley


I'm just responding to your dumb ass, and yeah, your attempt to control the narrative by defining what a response from me would mean.. pure nonsense and fantasy from your seeming desire to play games.


And that, my friend, is called 'Reverse Psychology'.


It is only a kind of reverse psychology that works if the other person is willing to play your framing games, or to play on your inadequate and wishful self-aggrandizing terms.




On-topic: China had relatively little effect and my guess is that the ETF won't have a dramatic impact, one way or another. Markets don't exactly react to news, they treat it as an excuse to go where they want to anyway. Hence the headlines that say: USD fell in response to disappointing jobs data // USD rose despite disappointing jobs data. We've been in a strong uptrend for months with no real sign of a bubble or blow-off top, so I'm expecting that to continue until such time as it looks like it's overcooked things. At which point China, the ETF or some other reason will provide the 'reason' to switch to bear mode.

Beer o'clock. Over and out.

o.k.  maybe a little bit on topic and substantive?  Does not really respond to my previous questions, but likely my previous questions do not really even matter any more because you have diverted long enough that the previous topic has been forgotten, and maybe I don't even care anymore to hear your response.. which seems like you probably did not have any specific ideas anyway, beyond vague generalities.


22294  Economy / Speculation / Re: The Bullish Media Center (The 1 stop Bullish BTC news source) on: February 11, 2017, 08:25:20 PM

Ouch! The price may fall to $551 if the SEC rules against the ETF? And I thought the PBOC stuff was bad!

This is extremely pessimist, we have a lot of supports and hungry buyers waiting to buy at these prices, plus Bitcoin is becoming more and more resilient. So don't panic, buy and HODL Wink

buy buy buy!!!

Always has been, at ANY price Smiley


It's a bullish comic relief so it's welcomed, thank you for the share our dear Kehtolo, nice to see you back (I'm sorry if this is the first time for you, but I somehow recall you are a precious member of our family, if not, you are already Wink )

Awww staahp... you're too nice! Cheers.. keep up the bullish vibes.

I'm always lurking somewhere..

"Your vibes attract your tribes!"  Grin

You've said it, "Your vibes attract your tribes!" and "Good people attract Awesome people like you Wink" Smiley


Ouch! The price may fall to $551 if the SEC rules against the ETF? And I thought the PBOC stuff was bad!

That is a strange assessment Rogerwilco.

It is as if you are giving too much weight to the possibility of $551 - when the fact of the matter is that there is nothing really certain and there are a whole hell of a lot of factors at play that are pushing prices in both direction.  There are also possibilities of zero and there are possibilities of going below $200, but we do not give those possibilities a lot of weight because they are seemingly increasingly low - just like the theory that prices may fall to $551 if the ETF fails to pass.

Let's say that the latest probabilities of the ETF passing of 40% is more or less correct, and the ETF in fact does not pass, even though 40% of folks were expecting it to pass, we could get a dump of BTC, but then again, we might not get anything because it is possible that maybe these latest upward BTC price pressures and pumps are not in anticipation of the ETF approval, but merely overall optimism about bitcoin overall


I personally could appreciate a dump down into the lower $900s based on a non passage of the ETF - but I have trouble seeing how such news (absent some other big negative BTC news or big FUD spreading) would cause breakage in the support that is in the $800s, $700s, $600s, that would be required to get prices to the mid $500s... just seems in the less than 5% probability territory (at this time, as I type).

Lets think about it JJG.

1. ETF Website (Up-to-date).
2. ETF Logo.
3. Official Twitter account created less than 48 hours from the time of writing this reply.
4. Agreements with top-notch finical companies.

All of this and more, and in last we have no ETF ? Really ?

I personally am not prepared to count those chickens yet, either in regards to the actual ETF being approved or the direction of the BTC market based on such approval, if such ETF were to go through.

I certainly have a decent stake in bitcoin and currently, my BTC holdings are nearly at 150% profits, and I am still about 1% higher allocated in BTC than my outline of a plan.  So, even though I am prepared for continued upwards price movement, as I have asserted many times, I consider any and all additional profits that come to my BTC portfolio as icing on the cake..

So, in that regard, I try not to be too emotionally invested in outcomes in either direction because I do not want to be overly disappointed if negative outcomes or less likely outcomes were to occur (even if at the moment the likelihood seems to be lower regarding negative outcomes playing out).
22295  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2017, 07:24:46 PM

that is my opinion all along: jjg is doing exactly what he is accusing others. i did not know that was a known phenomenon. i thought he is just trolling. good find, cassius.

I was a therapist, in another life. One of the reasons I stopped was because it's exhausting when people say the same thing week in and out but do nothing about it. Unfortunately, most people don't really want to change. Their neuroses serve a purpose and are the price of not having to make the effort required actually to get better.
I don't entirely blame them. The human mind is hardwired for economy and change is hard. It's just frustrating, that's all.
You're able to read between the lines so you'll understand the relevance for this situation.

Oh?  now you are trying to act as if you are some kind of "expert" in the topic.   Roll Eyes Roll Eyes  Maybe your "therapist" status shows that you want to be in "control"

What you are an expert in is avoiding addressing topics, and taking matters personally and diversion... If you just attempted to respond to the substance of my post in regards to bitcoin and the questions that I asked you in terms of backing up your bitcoin related claims:

(here's your statement:  "Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact."), and I had asked some questions from you to attempt to back up your speculation.

If you could stick to the topic of bitcoin, then maybe we would not be delving into this land of irrelevance and your supposed "expertise" in a non-topical issue, your stupid-ass attempts at arm-chair diagnosis of psychology.
22296  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2017, 06:51:54 PM
Unless satoshi himself starts dumping or a county like china/US completely BANS bitcoin 800 will never happen.

If anyone has still not read this article they should right away

https://hbr.org/2017/01/the-truth-about-blockchain


Isn't that one of those articles that uses the term "blockchain" over and over again, but really the innovation is the bitcoin blockchain... so they are really talking about bitcoin, even though they continue to refrence the term "blockchain?"
22297  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2017, 06:47:29 PM

that is my opinion all along: jjg is doing exactly what he is accusing others. i did not know that was a known phenomenon. i thought he is just trolling. good find, cassius.

There are at least a couple  of errors in this kind of thinking.

1) we are on the internet and we are engaging in a discussion of topics.  In Cassius's situation, he is avoiding the topic and instead he wants to focus on me rather than the topic of discussion.  Frequently that is referred to as an ad hominem attack, or it could also be referred to as avoidance of the issue or it could be referred to as diversion,  distraction or just the brining up of pure irrelevance.

2) My attacks on people tend to be largely substantive based on their behavior in avoiding issues or maybe failing or refusing to back up their claims.  Sure once in a while I will throw in some kind of seeming attacks that seem to be about them, but mostly my attacks are either defending from being attacked or merely escalating (and/or exaggerating) and argument that I might be making based on their behavior  such as their refusal to provide evidence or to back up their claims.  Anyhow, my claim remains that my posts are mostly substantive with a bit of flavor that may be added from time to time for emphasis.   Cheesy Cheesy  

3) By the way, this is kind of related to point two..  I don't really take matters in posts personally, but sometimes it is quite clear that some folks either avoid answering or they engage in passive aggressive personal attacks, for whatever reasons (including sometimes what appears to be lack of an ability to engage or to back up their points), and surely sometimes these kinds of passive aggressive behaviors come after I have called them out mostly based on their prior conduct.  I actually have no problem reverting back to discussing matters civily and rationally with someone who makes such attempts to discuss matters rather than engaging in avoidance (even if those persons had previously engaged in pussy behaviors... I have done this a variety of times, even with folks like billyjoeallen, aztecminer, or even recently attempted with Cassius.. even though he seems to have an inability to stay on topic.. hahahahahha..   Tongue).
22298  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2017, 05:43:51 PM

So bitcoin will go down to 800sh soon? I'll wait for that to happen before I will re-enter then.   Grin


If you are serious, you are fool for at least two reasons:

1) you come off as relying on internet advices to make financial decisions for yourself and your situation,

and

2) if you are not in bitcoin at all, then waiting for $800s is stupid because you are betting too much on one direction. 


On the other hand (in relation to point 2), if you have a 60% or 70% stake in your bitcoin related funds that are allocated to bitcoin, and you are merely considering what to do with your other 30% to 40% that is in fiat, then waiting for $800s would be a bit more reasonable to consider, even though I would not even bet that much on such probability of $800s... but yeah some folks have differing views, and bet accordingly...
22299  Economy / Speculation / Re: The Bullish Media Center (The 1 stop Bullish BTC news source) on: February 11, 2017, 05:32:30 PM

I personally could appreciate a dump down into the lower $900s based on a non passage of the ETF - but I have trouble seeing how such news (absent some other big negative BTC news or big FUD spreading) would cause breakage in the support that is in the $800s, $700s, $600s, that would be required to get prices to the mid $500s... just seems in the less than 5% probability territory (at this time, as I type).


Yeah, I don't see it going much under $900 at all either for the reasons you're saying, but the link seems to claim there's a greater than 50% chance of it doing so.

I would think that since this is "the bullish media" thread, then we should spend considerable time justifying any kind of bearish information (or links) that we post, no?  Otherwise, you are not "bullish" in compliance with the thread but instead just come off as spreading bearish FUD (without explaining why it might not be FUD)..

So, having said that.. 50/50 is way too high of a bearish scenario and should be explained (if there is any possible basis for it) rather than just relying on purported expert in an article, no?
22300  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 11, 2017, 05:27:34 PM
Chinese exchanges stop withdraws and the market goes down by less than $100

Almost perfect
It does sound like a fairy tale doesn't it?
With a happy ending now we are living in with the price now over $1000 and nicely rising ever slightly every passing hour.

I do think it is the ETF is to blame for this one. Grin

Is it possible that the Chinese exchanges have been faking volumes even since the last talk with PBoC, which resulted in them starting to charge fees? That would help explain why this week's PBoC intervention hasn't had much of an impact.

I'm not sure about what speculative point you are making here that is of any significance?

Sure, we know that they were extensively faking volume, but after they discontinued margin trading and implementing fees, you want to suggest that they continued to fake volume in any kind of meaningful way that caused further PBOC intervention... that does not make sense.  Those exchanges were already on the PBOC radar by the time the PBOC had already intervened to cause them to discontinue margin trading and to implement fees.  The later intervention in regards to getting the exchanges to implement AML requirements is just a further intervention along the same theme... the lack of impact of the latest intervention might have more to do with the fact that the intervention had already started rather than the fact that the latest intervention does not have teeth.. because it is a bit of a bad precedent, no?  to freeze the ability of BTC holders to move their BTC from the exchanges for 30 days... that seems quite a bad thing if you had BTC on the exchanges and just for the precedent that it potentially sets.

Oh good grief...

good grief what?  I asked you to explain, and I provided my own assessment... but instead you gots nothing, except for finger pointing and implied whining that you are being picked on (but you are the one that spouted out the incomplete ideas in the first place that raised these kinds of questions, no?)
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