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28481  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2014, 08:30:48 PM
*Nascent Rpietilla obsession snipped*

The mocked becomes the mocker.

Yes, hehehehe. there is a little irony in this with mmitech attempting to suggest that he has some greater grasp regarding sanity than repietela, when in fact mmitech seems to be quite detached from logical thinking at worst and in capable of expressing himself in a logically coherent manner, at best.

In sum, a goofy situation.
28482  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 15, 2014, 12:50:15 PM
Crashing into the low 500s by this time next week. The pressure seems to be more towards the downside and we all know that there is bad news coming -- Bitfinex isn't prepared for the 21st, Lawsky... even if it turns out to be good news... will be confusing enough to seem like bad news initially, China seems bored, and the degree of market manipulation has seemed to intensify as of late. Sprinkle a little FUD on top of this along with the larger batch of Silk Road coins strung around the market's next like an albatross (and the fact that we had a bump following not even really knowing what the bid price was on the smaller batch bitcoin auction... we just extrapolated out our backsides). Oh yes, and add in the fact that even with great news we can't seem to break towards the upside... if we are going anywhere near term it is down.

By the way, I am generally positive for our long term and even 6 months out prospects. But, next couple weeks look like they'll be tough going.

quality FUD


not bad.

Cool story bro. Hey, I'm not saying it will be the end of days or anything, but I think we are about to get a buying opportunity... it might be the last good one. It's up to you to decide whether the glass is half empty or half full, but we both know in the very short-term (next week or so) downside odds are greater than upside odds. Think about the volume for instance... it says two things -- (1) nobody is all that excited to buy right now; and (2) smarter money is trying to unwind their positions without having everybody race out of the auditorium. Also, think about the good news we've received lately... it has had zero effect. By contrast, even the weak FUD piece by the European Central Bank caused a 4 to 5% drop. Now, we have a market situation with Bitfinex that could go south very quickly and we know the regulators will have harsh sounding cautions that won't amount to anything in practical effect (it'll be a green light... good news... that will sound like a red light).

So, I sold my (pretty modest) stash of 12 coins (I am relatively poor but not terribly so) this morning. I am waiting until sometime mid next week to re-enter. You can cheerlead all you want, but have fun losing money doing that (unless you are just hodling very long-term in which point it is probably irrelevant). Thanks, have a nice day.

Yeah.... ?   Good luck with that assessment.  I believe that it is too risky to bet one way or another, and to liquidate all bitcoins is probably NOT a very wise idea for anyone who wants to experience a potential upside with BTC.  It is very possible, peeps like you are going to miss the train, and that is NOT a matter of cheerleading it is just the past nature of bitcoin to take off upward during times in which people were beginning to lose hope.
28483  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 14, 2014, 02:17:59 PM
And to think that you could have went to most of the games with your bitcoin profits.... oh wait
You mean, if I had bought in late November, when I first heard of it?  Tongue


I begin buying in late November 2013, and I don't have any problems with where BTC prices are at, currently.
28484  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 13, 2014, 02:45:20 PM
Prices have been boring for a long time now. What am I supposed to do, sit tight prettily? I want to feed on high volatility and troll those who made the wrong calls Grin

Go up a lot, or down. Do something.

You guys realize that a stable coin is good for the cryptoconomy right?

Yes, stable does = good
But
Higher value also = good
So

We need to just go ahead and figure how big bitcoin needs to be and make it that value now so it can stay there and be stable

 Grin


That's not going to happen until
BTC reaches a fairly high market cap, something like 100k per coin, and even then there will likely be continued and ongoing increases in value.


28485  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: July 11, 2014, 08:04:12 PM
I need more BTC... trying to buy a little at a time.. Wish i got in 3 years ago when they were cheap Smiley
They weren't cheap then either. $1 per bitcoin was seen a crazy high price. 


Yes, it is most prudent to make our current calculations about what we should do, and how much we should invest, and how much risk to take based on the current situation and current market conditions, rather than wallowing in what could have been or speculating about how we could have made better decision(s) in the past. 

In any event, many of us now still believe that bitcoin remains a very good investment, we also recognize that there are quite a few "earlier adopters"  who got in for a lot lesser investment, and also there are some people who got in early, but they made mistakes and spent their profits and/or got out too soon. 

In the end, there are going to continue to be a lot of challenging times ahead of us in terms of attempting to calculate our investment strategy(ies) in respect to our own risk-tolerance(s) and financial abilities.

28486  Bitcoin / Bitcoin Discussion / Re: I am pretty confident we are the new wealthy elite, gentlemen. on: July 11, 2014, 02:03:01 PM
If bitcoin reaches that amount, there is going to be lot of rich anarchists and libertarians. I imagine that will have interesting political consequences...

That is why I usually do not waste any time convincing liberals to buy bitcoins...they can enjoy the system they prop up.

The longer they prop it up the more painful it will be when it falls. I must admit I don't talk about it much to anyone. I want more time to accumulate my own before everyone else figures it out.


Yeah, if we are lucky, maybe you will be able to double your BTC holdings from 2BTC to 4 BTC within the next 2-6 months.  I am thinking that you will need quite a bit of luck, if you think that BTC prices are going to stay down in the next 6, but surely anything is possible.
28487  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 07, 2014, 06:36:52 AM
So BitchicksHusband was in Vegas this weekend (went to the UFC fight with his brother) and his 70 year old aunt (who lives in Vegas and he stayed at her house) asked to buy several thousand in Bitcoin!  Then he took her to lunch today at The D and used the Bitcoin ATM there.  Strange things are happening I must say. Wink  







What happens in Vegas .........
28488  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2014, 03:50:40 PM
4h MACD/RSI is rising
6h MACD/RSI is following
12h MACD/RSI turns upward
1h MACD/RSI stops falling
3 MACD/RSI turned already upward

looks bullish to me   Cheesy
 


1 week MACD turned green about a week and a half ago.
28489  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2014, 03:43:48 PM
Will bitcoin be the segway or the telephone?

It's already the segway.

We are too soon in the  history of bitcoin to know for sure, but it is likely going to be neither - yet much closer to the telephone than the segway, in my humble opinion... at least, we can make bets in accordance with our inclinations... and I am betting towards considerable expansion taking place in the coming years; however even if such "considerable" expansion does NOT take place, it seems that there are a lot of systems in place and building of in-place systems that will cause considerable abilities to profit in the coming years from bitcion.
28490  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 06, 2014, 08:20:13 AM
i'd like to see some buys were pretty darn close to the launch pad line.

but who buys bitcoin on a saturday??

 Tongue

Hahaha, maybe people who read this forum on a Saturday? Tongue

(But I guess we're all bought in already Smiley )

hehe Smiley I must say I don't remember when I bought some Bitcoins Smiley
It is mostly because I am earning them from time to time and I haven't got money to buy and HODL Smiley

But I want to buy them everyday Smiley doesn't matter is it Friday, Wednesday or Sunday Smiley


That's my thinking too, more or less.    I buy when my fiat comes in... usually during the weekdays, but sometimes, it happens on weekends.
28491  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 05, 2014, 10:13:38 AM
Good morning. I woke up from a dream that we went to $100. Phew, good to see we're still going good.

No way you are really dreaming about btc?  Too much crypto for you Tongue

Put down the crypto, sir, and step back slowly.
28492  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 04, 2014, 04:00:23 PM
Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  Roll Eyes



no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Yeah, right....  Cheesy   Is this a joke?

erm....no. the US is two,three steps ahead to europe when it comes to legalisation, regulation and law.




Probably the truth of this statement depends upon the type lf legislation that you are discussing, and the devil is in the details .  Surely, also, there are differences between the two; however, such differences should NOT cause one to conclude that the US is some bastion of progressiveness and acceptance.  In other words, I believe the circumstances surrounding bitcoin are much too complex to make general statements regarding the US as compared with the EU and to suggest that the US is going to be less hostile to bitcoin.
28493  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 04, 2014, 03:25:56 PM
Bye Bye Institutional Money  

http://www.coindesk.com/eba-financial-institutions-avoid-bitcoin-pending-regulation/

Will SEC follow EBA and reject Winkle's ETF  Roll Eyes



no, the US is much more open-minded when it comes to innovation and new opportunities than europe

Yeah, right....  Cheesy   Is this a joke?
28494  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 04, 2014, 03:06:02 PM
There is no reason for a dump at all -- the news has been wonderful. And yet I have this sick feeling that we are going to have some dramatic movement like a flash crash or some other bull----

I'm still expecting quite a crash as well. People are waiting to go up which isn't happening. Sooner or later they will start selling instead. Then they will panic and think this is as high as we will go and dump it all.
It would suck so bad if we're going to 600 or mid 500's again Sad


As i said before all this good news and nothing happens. Even the media is very positive. Unless Amazon accepts Bitcoin tomorrow it really can't get much better atm. Everything is there to go up. Yet we go down instead. It really looks very bad. Give me a good reason why this suddenly would change? Why would everybody start buying instead?

Next week will be boring. No auction, no big new companies, nothing. If we already go down this week then next week won't be pretty. And when that happens i'm almost sure some fresh new FUD will appear out of nowhere to make sure we crash hard.

The good news will have an effect in a month - now the USD on the exchanges is spent - no more up movements and people want to lock in their profits from the recent rally. It's always the same.

Besides Coinbase:  Supposedly, Circle is going to be offering invitations in August, too.... for some of those people who requested....
28495  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 03:27:44 PM
Is there an ETA on COIN?

they are talking 1-3 months

but it could be sooner, it's been in the works for a long time, no one knows when it will pass but its getting there.

I am going to buy bitcoins in approximately 3 weeks. I am waiting the fiat and i hope the price will wait for me.  Tongue

I'm in a similar boat - at least in regard to waiting for additional fiat; however, I have quite a bit of fiat "IN" already...


At this time, I am NOT too worried if the BTC rocket takes off without my additional fiat invested therein.
28496  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 03, 2014, 05:32:21 AM
If you want to generate wealth, then you have to either 1) work hard 2) be talented 3) deceive others

4) Let others do the hard work for you.

Wealthy people don't usually get wealthy by working for themselves. They let others do the hard work for them. And no this isn't taking advantage of people, it's called giving someone else a job.


Now I have definitive proof that Mervin is neither wealthy or knowledgeable about how to acquire wealth.

And this fits right in line with one of my life mottos --- "NEVER get advice from someone who does not have the success in life that you want. Don't get diet advice from a fat person, money advice from a broke or middle class person, marriage advice from a relationship therapist that has been divorced multiple time, etc. etc."

There are so many ways to acquire wealth beyond the 3 that Mervin listed. And HARD WORK does NOT equate with wealth. It does sometimes, but often times it does not.

Mervin, you've literally pulled down your pants and exposed yourself. Fraud.



Excellent  points here, especially regarding the variety of ways to become wealthy, including living within your means... .  Pumpkinhead seems to be lacking - though in several of his previous posts, he has demonstrated such.
28497  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 02, 2014, 06:31:02 PM
1W MACD is closing green for the first time since January 29th

Anyone know what price it would take for it to go into the red?

Below around $590-ish


1W MACD is closing green for the first time since January 29th

Anyone know what price it would take for it to go into the red?

I think 585-590.

Last week we held green at that level but lost it when we dropped down to 550-570

Last week turned red below about $578-ish, and was green above that point.
28498  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: July 01, 2014, 09:49:42 AM
650 :3

How awesome Smiley
Good to see people byuing.

It will not stop atleast some days, who lost bid in auction now trying to buy @ this level,
 so we can expect 50-70 points rally more.


I'm hoping for floating between $750  and $850 during August time frame,


28499  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2014, 12:40:48 AM
I'm selling everything now and will buy back Monday night. I think that's the only option at this point.

OK... Good luck.   Cry
28500  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: June 29, 2014, 12:35:57 AM
Frankly, it pisses me off.  Theymos got how many BTC in donations, and he can't fix such a simple nigh universal complaint?


+1

This complaint and many, many others.


Well, there's new custom forum software coming eventually, and I think theymos just wants to do his best to not have this forum defaced again until then by introducing some security vulnerability. He is a bit on the ultraconservative/cautious side, similar to Bitcoin devs.



If he is so conservative, then why does he have a troll as a mod? Tongue
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