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3701  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 21, 2014, 12:35:34 PM
Aaaaaand we're back to the price we were before this crazy action started  Grin

Huobi still dragging things. Interesting market. As a mere speculator rather than a trader I am looking forward to buying my next tranche of BTC over the next 48 hours.
3702  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 11:35:28 AM
Number of bitcoin addresses (excluding dust) is still around 500,000 if reddit is to be believed. This has a long way to run yet.
3703  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 10:22:38 AM
With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).

All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!

This is true but that doesn't change the general market sentiment. This was seen in the run up from $550 to $700 where a few big trades (not even that big really) drove the price up but as soon as those fiat cannons paused we've slumped straight back down. Dont get me wrong we will be going to the moon at some point but it seems the market wants to give more people a chance to get on the train Wink

What do you mean by general market sentiment? In my mind market sentiment is entirely driven by market movements. The general consensus on here seems to be that we are post december bubble and the price is stabilising prior to its next move. Now all it takes is for a whale to make several large buys and the chart can be painted, sentiment will improve, paging to the moon guy etc..

Until then we drift..



3704  Economy / Speculation / Re: rpietila Wall Observer - the Quality TA Thread ;) on: March 20, 2014, 10:00:19 AM
How high is the possibility we will break into 400´?

I am getting tired of such slow returns and bashing from the media, while the mainstream are presented a once in a lifetime opportunity that they do not care for in the least at the moment. The whole scene feels dead. I was promised wall street would enter etc, etc....

.......and thats how we should be feeling at this stage of the wave. we should expect a couple of months before things get really hot again, but right now, they are dead. I think a lot of noobs were just slaughtered in the LTC bubble, and they will not be inspired right now.

There is not a soul buying at 600....  bugger all liquidity, the bears are just toying with the bulls.

Looking at the chart, I think why not 400s, but I also think a smart profit target for shorts is 560. my gut feeling is that we will not see 400 again.

Patience is a virtue!
3705  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 09:56:53 AM
I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

We were significantly lower than this two weeks ago..

When were we significantly lower than 280-350?

I meant lower than our current price. Stamp hit around 400 in late february..
3706  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 09:55:30 AM
With such tiny volume I don't think the market movements are that relevant right now except as the price approaches 'technical' areas (read technical traders selling off based on the chart).

All it takes is one big trade on stamp to drive prices back sharply upwards..or downwards!
3707  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 20, 2014, 09:50:53 AM
I'm getting flashbacks from last year's slow grind downwards and me losign 1000's trying to trade it...

fingers crossed this won't be the same...

I'm thinking a floor at 280-350 range this time if you look at the past bubble pops... but who knows right..

We were significantly lower than this two weeks ago..
3708  Economy / Speculation / Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto on: March 18, 2014, 06:12:16 PM
Do you really think anyone reading this forum is speculatively holding bitcoin as a hedge against USD collapse?
I am, only it is not against the dollar but against the entire fiat economy collapsing. Other circles on the internets, equally as nerdy as this one, see it coming around 2020.

You are taking quite the long view there ibian! By then at least crypto will either have disappeared under the waves or emerged fully.

Matthecat: retard denialist $900 bag holder?

I did most of my buying in the march/april runup last year, held, bought more in november held, and will continue to trickle buy a few each month as a relatively small speculative position in a portfolio of assets. I hold because as a punt bitcoin seems worth a shot and may return a few 100% over the next 2-3 years.

You have apparently been on the right side of the market once or twice it seems. But buying in and out like a epileptic means you are likely to end up with precisely the outcome 90% of traders achieve, especially if you continue to use leverage. You are obviously intelligent but it is hard to take you remotely seriously with these pathetic manipulative threads. You come across as a bit of juvenile prick to be frank . Anyway, good luck to you!
3709  Economy / Speculation / Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto on: March 18, 2014, 05:38:12 PM
If the banking system collapses, then btc price will collapse too. Btc demand is fueled mostly by wires of fiat from bank accounts from speculators.

<snip>

You're not meant to say these things! People on this place actually think that Bitcoin is a hedge against collapse of USD and that when the USD actually does collapse, that we are all going to happily exchange things of real value and use for lines of algorithmic computer code backed by no real commodity and backed by absolutely no standing authority! Those of us that have most of these lines of code are going to be the richest!

<snip>
Me and how many more other people who might be feeling the same way?
Are Bitstamp going the way of MtGox?
Are these KYC routines a transaction delaying mechanism? If so, then Bitcoin is fkd.

Do you really think anyone reading this forum is speculatively holding bitcoin as a hedge against USD collapse? Of course you don't.

Do you really believe Bitstamp is insolvent? No of course you dont. Manipulative trash as usual!
3710  Bitcoin / Project Development / Re: The Fate of Satoshi, a Bitcoin graphic adventure [BUY thread] [CrowdF + Equity] on: March 18, 2014, 09:24:37 AM
can i be refunded too. good luck with the venture voodah.

inca.
3711  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 09:11:24 AM
Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. <snip>
We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.

Why are you using Mt Gox dip down to 1xx's to formulate your trendline?

Barring a change in the US regulatory framework I think we will grind sideways with moments of volatility before slowly making our way back towards the ATH, at which point all hell will break loose.

I'm not. The mtgox dip is a coincidence. The purple line is actually formed by connecting a bunch of contact points in 2011-2012.

Ah. But then you are simply joining the prices from the post 2011 bubble crash to the beginning of the next run. Doesnt seem that representative to me of overall trend but let us see. i hope you are wrong.

The chart of daily transactions (excluding popular addresses) seems more relevant to me, especially in the context of widening adoption after a recent bubble. Taken together I think we may see some more limited downside before another rip upwards. I am viewing this lull as accumulation time!

3712  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: March 18, 2014, 09:01:14 AM
Everyone keeps talking about this "trend line" (im guilty of it too), but what if our trendlines are actually wrong. <snip>
We all think the blue/green is the real trendline but then it ends up actually being the purple one after a devastating correction (a REAL bear market) is revealed.

Why are you using Mt Gox dip down to 1xx's to formulate your trendline?

Barring a change in the US regulatory framework I think we will grind sideways with moments of volatility before slowly making our way back towards the ATH, at which point all hell will break loose.
3713  Economy / Speculation / Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto on: March 17, 2014, 06:34:57 PM
In the not so distant future bitcoin will be 900$
then you will realize this is a buying opportunity and send your money back to the exchange
by the time your money arrives at the exchange price will be have double
you will still buy in, because you understand the market, and because bitcoin.

 Wink

Spot on.

Also, "in the not so distant future" will probably be around late April/early May, so I also think Mat didn't pick the smartest moment to withdraw all funds. But let's see, if there's one consistent theme to his posts it's that he changes his opinions pretty quickly (nothing wrong with that, btw. better than being permanently stuck in either bull or bear mode, imo)

The other theme being his unrelenting and highly transparent book talking.
3714  Economy / Speculation / Re: Just moved half of my funds off Bitstamp back into nice safe and warm Bank Konto on: March 17, 2014, 05:51:19 PM
I have just decided to shift half my USD from Bitstamp back to the safety of my EUR bank account.

Why am I announcing this in speculation?

Because I suspect that many other traders or investors looking for good entry for longer term investment are going to be doing the same thing right now. Lets face it, Bitcoin isn't going to be doing anything much, anytime soon other than trend and grind, predominantly in a downward direction. I feel it, you all feel it, the hackers with thousands and thousands of stolen coins feel it, so why risk having tens of thousands of USD sitting in some exchange with each of it's feet planted in different countries jurisdictions with still lots of uncertainty shrouding security of Bitcoin exchanges, (yes, even Bitstamp)?

I have this apathetic sentiment towards Bitcoin as do lots of other Bitcoin investors, which kind of adds to the snowballing effect of bearish apathy.

I am holding zero Bitcoin. I still have an amount of Fiat on exchange, some of which will be turned back into GBP via BTC and LocalBitcoins, with a small amount left on exchange, 'just in case'. But the reality is that I don't expect any of my 'flash crash' buy-ins to be fulfilled, at least not until Bitcoin is trending in these sort of ranges anyhow, and I don't need preset buy-in tranches to buy Bitcoins in ranges where I will have all the time in the world to decide on whether to buy or not. Sure, there will still be swings in both directions that I could take advantage off, but will they really be worth the hassles and risks?

That is my sentiment and suspect it is widespread and growing. We were all waiting on the spectacular bottom to occur, to get our buy-ins, and then for Bitcoin to go shooting way back up to the moon but with that one day of Ukraine banking system panic put to one side, things aren't going to work out quite as simple as that. Indeed, I have seen convincing Elliot Wave analysis suggest that the bottom needs to be retested (and according to fibbonacci time ratio principles it aint happening anytime soon), or indeed that the bottom isn't even yet in from the post $10-$1200 bubble crash.

So you sold all your coins and hope to buy back in lower? I hope this thread helps you to try and manipulate the price lower!
3715  Economy / Speculation / Re: URGENT, Bitcoin is on the verge of collapse !!! on: March 10, 2014, 11:32:48 PM
I am never sure what drives the authors of these doomer threads. Does igorr really believe a single person will read this tripe and sell haha? Smiley
3716  Economy / Speculation / Re: URGENT, Bitcoin is on the verge of collapse !!! on: March 10, 2014, 06:09:55 PM
I guess this was not so urgent after all? It's been almost a month since this thread.

If the collapse is in 2014 year ?
People who have had a $ 1 million just before 4 months, now have 500k usd !!!
For next two month they will have 250k usd, and at the end of 2014 years, they will have only 50k usd !!!
they will lose 950k usd for just one year, or 95% their money !!!

Whether this is urgent or not ?
You didn't think the price would stay in one spot, right?

It is very difficult, and I do not believe,

1.This is an artificial maintenance prices, by Bitstamp. (the same as MtGox)
2.Bitcoin is losing popularity
3.Bitcoin is not legally regulated
4.We have no guarantee against loss, theft, etc. (Bitstamp can disappear just like MtGox, anytime )
5.Mining is impossible because minong factor is below 8 cent/Gh at 24 hours ,and almost not more profitable.
6.Mining company massively sell their hardware



Why are you here igorr? Is it to inform us peasants of the future price action? How altruistic of you!
3717  Economy / Speculation / Re: I'm All In - Sold My House! on: March 10, 2014, 05:54:31 PM
I hope you didn't like the house very much and you own another place to live. It would be stupid gamble if you actually sold your home and moved into an rental, just to gamble with bitcoins. At the current situation, it would make more sense to play the money at the roulette table, since probability tends to lean more and more to the bitcoin price dropping.
I would recommend to sell your bitcoins now and buy back when there is more certainty that the price will actually rise.

I am sure I am not the only lurker who finds the constant fud spreading perma bears (kkaspar, igorr, matthecat etc) highly transparent and more than a bit irritating. You aren't fooling anyone guys. Maybe try reddit or something.
3718  Economy / Speculation / Re: URGENT, Bitcoin is on the verge of collapse !!! on: March 10, 2014, 05:39:13 PM
I guess this was not so urgent after all? It's been almost a month since this thread.

If the collapse is in 2014 year ?
People who have had a $ 1 million just before 4 months, now have 500k usd !!!
For next two month they will have 250k usd, and at the end of 2014 years, they will have only 50k usd !!!
they will lose 950k usd for just one year, or 95% their money !!!

Whether this is urgent or not ?

And people who had $1 million 6 months before now have $6 million.  Woaaaa...
You're frivolous kid.

trend does not look good.




and you are a perma bear troll!
3719  Economy / Speculation / Re: I'm All In - Sold My House! on: March 10, 2014, 12:14:03 AM
Do remember to come back in three years time and post about how lucky this guy was.

totally different scenario to the early adopters in many ways....

....not least of all that you or I could have become near millionaires by investing a small amount of capital. As it turns out, you invested an absolute pittance and I invested jackshit/spent all my single digit Bitcoins on Silk Road.

This guy is investing a small fortune. Totally different fkn ball game at a totally different phase of Bitcoins development. Can you really say that we aren't yet going to test the $266 April 2013 high? I doubt it, but with Bitcoin anything is possible so I wouldn't be writing that off.

Bitcoin is overblown. Simple as that. Hyper-inflated value derived from from a speculative mania based entirely upon hoarding, restricted supply, and lack of market liquidity. Reverse any of these factors (such as having around 500K stolen coins looking to convert themselves into USD and Bitcoin could easily go in the opposite extreme.

Bitcoin might go to $5K within the next 18 months. But it also may just hit the $200s, or even less depending on how some totally unpredictable events happen to play out. As they say, don't go putting yer house on it.



Ah, so you sold your coins and you're short?
3720  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: February 20, 2014, 05:34:20 PM
I'm almost sure they had a flaw in security, because as I sad, it was the first time that I was advised to activate 2fa (in red letters) just after login. And with all this phising emails (probably gotten on that 'hack'), and the problem with withdrawals... In the best case, they have just experienced a lot of failed logins recently. In the worst case, its database has been compromised  Huh Undecided

Care to wait for the facts instead of making them up?
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