Wallzilla being chewed ATM, seems legit
Crazy whales buying +$500k in coins at $108 when they could buy below $100? What's up with them? What are they smoking?
They didn't know it was going to go up to $108, and they want Bitcoins. Hindsight is always 20/20.. But... But... look at the depth... If he pulls that $500k wall the price will slide down till at least $105, probably till $102... Buying $2, $3 or $4 cheaper it's always better, with that volume we are speaking about 100BTC more... Enough to be a supernode!!  The greater good. Showing people that this is a good buy in point by staking his own capital. This is market confidence. It's called bait and switch. |
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[...]
Here is the thing, I can't possibly think of every technicality which wouldn't fit this correlation, there are just too many. (like the indicators you posted for instance).
I don't use volume based indicators, but I don't ignore them, they are just not relevant for my style of trading.
Fair enough. It's just that I don't look at the indicators (volume based or not) in isolation but try to see how they fit in with what I believe to be the market sentiment. And the way it looks to me, that sentiment is very different now than it was in 2011. I wasn't around in 2011, but judging by the forum posts here for example, there is substantially more optimism around today than back then. So if this is continuing deflation, it sure looks like it has to overcome some real resistance by the market. But, yes, maybe that's how it'll play out in the end. Hmm, I just use the sediment to choose the size of my position, in relation to my capital. In a sense my own greed and fear is related to the one of you guys. Some times I am "in phase" some times "out of phase". It's too bad I don't have a systematic approach for that. The kind of my position is not really related to market sediment, at least I try to keep it that way. |
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 Here is for a revised 2011-2013 comparison. We are still very new to bear land in that perspective. Why do people have this urge to see the similarities alone in cases where it fits their argument, but ignore the differences that would counter or at least weaken that argument? CMF, A/D: 2011 vs 2013   Disclaimer: I'm getting a bit sick of having to include this statement every time, but here it goes: I'm not a bull, far from it. No predictions that we'll hit 200 next month from me. I'm not a bear either however, and I'm very much undecided about the question whether the correction/bubble deflation is largely over yet or not. Here is the thing, I can't possibly think of every technicality which wouldn't fit this correlation, there are just too many. (like the indicators you posted for instance). I don't use volume based indicators, but I don't ignore them, they are just not relevant for my style of trading. (Actually I don't really use the correlation I posted either, I just wanted to point out that it exists.) |
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isn't that the Cyprus ATM guy? Really? At least from posting style, grammar, avatar and opinions it matches Atlas, how I know him. Did this guy actually post something interesting which would take me conclude he's not Atlas? I don't really want to scan through all his posts right now... |
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Here is for a revised 2011-2013 comparison. We are still very new to bear land in that perspective. |
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Both the run up and in conclusion the run down are taking longer this year than 2 years ago. Gotta scale it, it's gonna line up much better then, but the picture ain't not so bullish as you armchair manipulators want it to.
So are you back to being a care bear again? The picture isn't really bullish by the way, more sideway-ish for the short or mid term with main support sitting around 100. I don't believe we can sustain an increase above 150 before the end of this year, so I'm really not all that bullish as you might think. In the long run its either new highs or new lows, wait a few minutes I think I'm going to make that comparison in a more fitting manner.. |
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Both the run up and in conclusion the run down are taking longer this year than 2 years ago. Gotta scale it, it's gonna line up much better then, but the picture ain't not so bullish as you armchair manipulators want it to. |
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Yeah, back to the TA debate !!
BTW I am a Belieber in its value as part of a trading strategy. Like you say, its about cutting losses and running winners ... TA often gives a good indicator of entry point but not necessarily direction. Other times it gives a good indicator of future direction but the timing is the risk.
Its one of many tools to have in your Bitbelt
If you only have a hammer, every problem looks like a nail ... thats the trap
TA tells me btc=$39 ... FA tells me btc=$300,000 USD ... current price $100 1) using TA sell ALL ( 2.5 times more ... in zero sum game ) 2) using FA keep ALL ( 3000 times more .. no(almost zero) risk ) "The fundamentals are sound." —Famous last words of every Wall Street cheerleader in history |
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Nice thread OP, judging from the responses it seems you've struck a nerve.  |
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I am using the unix time in seconds minus a constant to make if fit into 32 bit.
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buy now or panic buy at 111, 180 in 10 business days  panic buy now and sell at 109.99 in 2 days.  |
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You know what would be ironic?
If rpietila was behind the rally all along basically on his own and he's making all this stuff up so he can unload them. If he is who he claims he is, that would make sense from the perspective of a hard-core silver bug. Seeing Bitcoin as an competitor who could be profitably stopped with a quick pump&dump.
Well he still has a good quarter million dollars worth left? Wouldn't it make sense to unload when we have all these bids? I'm betting on long term bull, at least a year. If I am right on this he would have quite a bunch more than that. But we probably only know till after the fact, if ever. |
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Well the core developers seem to disagree with you, and if they issue another rollback what you gonna do? Call for rejection of the patch by the public?
So even if you were right (which I doubt) you lack any authority on that matter.
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You know what would be ironic?
If rpietila was behind the rally all along basically on his own and he's making all this stuff up so he can unload them. If he is who he claims he is, that would make sense from the perspective of a hard-core silver bug. Seeing Bitcoin as an competitor who could be profitably stopped with a quick pump&dump.
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So the private keys will reside in the SOCs flash memory?
What about, at this price include a more reliable non-volatile memory, like mram?
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Honestly I can't imagine anybody using those indicators consistently and successful.
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also, if big miners are selling off, it doesnt necessarily have to be on mtgox, or any other exchange. they can settle for whatever price they wish, and not affect the market at all.
It does, whoever is buying them can not buy at the exchange with the same money. |
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Not exactly, but ... Not exactly, but |
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facebook is fast becoming totally irrelevant to anyone under 20...I've seen my teenage son and daughter and all their friends completely dropping off facebook in the past year...I know this is the end for them. They have a few short years left but will eventually be another myspace trying too hard for an audience that is no longer interested.
I also can't see them ever making a move to something like this that they cannot completely control.
seems pretty stable to me.  |
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