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6861  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 08, 2014, 10:29:13 PM
Ethereum might will definitely become the biggest BTC rubbish dump next to MtGox, Neo & Bee, and Maxcoin. This will be fun to watch.

FTFY  Grin
6862  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 08, 2014, 02:33:53 PM
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market.  And the PM market.

it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion.  

Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page.  At all.

http://en.wikipedia.org/wiki/Pyramid_scheme

and tell me how does this deny my statement ? you just posted a prove of the above Smiley
Please don't insult my intelligence.  I could debate this with you all day long, but I'm not going to because I don't want to junk up this thread with such nonsense.  If stock markets or PM markets or bitcoin markets were considered pyramid schemes, they would be listed as examples on that wiki definition page.  And they are not.
6863  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 08, 2014, 02:25:37 PM
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market.  And the PM market.

it is as well, a pyramid. and BTW not my definition, any sane person that have 2 working brain cells would get to this conclusion. 

Nope, no discussion of stock markets or PM markets (or bitcoin market) on this page.  At all.

http://en.wikipedia.org/wiki/Pyramid_scheme
6864  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 08, 2014, 02:20:02 PM
for the sake of objectivity, it means exactly what it means, a pyramid and Bitcoin is one.

Then by that (your) definition, so is the stock market.  And the PM market.
6865  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 07, 2014, 02:24:57 AM
And I am also watching the price on Bitstamp.

The support for the last few days at 578 needs to break. I will be looking to short the bounce.

So let me get this straight, you're gonna short after a break to the downside? If so, you have mad traderz skillz bro!  Roll Eyes
6866  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2014, 06:39:54 PM
I predict that in two weeks, Bitcoin will have an exchange rate.

Finally, someone with a prediction that will have some accuracy to it.   Grin

I predict that in 2 weeks, bitcoin will not have crashed to $0.  Or $400 for that matter.
6867  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2014, 06:29:38 PM
i'll say around 2 weeks of boring sideways in the range 550- 590 until the volume dries up then the next boom through 700

People have been saying this for 2.5 months now.  If I had a nickel...
6868  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 06, 2014, 11:48:48 AM
The correlation lately of the bitcoin market with the U.S. stock market has been a little concerning.
6869  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2014, 07:46:26 PM
In all seriousness, Tradingview is 99% bearish, and those guys are now falling over themselves talking about flash crashes to $50.... and to $2.

These guys are gonna get squeezed hard (and then tell everyone they saw the rally coming). My two cents. Cheesy

Tradingview's supposed TAs are full of shit.  Whenever the market doesn't do what they expect (which is 95% of the time), and/or just goes sideways, they draw new arbitrary lines and graphs and come up with a new string of predictions.  The truth is that none of them know what the fk is going on or what the market will do.

On a related note, go have a look at reddit/r/BitcoinMarkets lately.  3 months ago, it was chock full or bullish or bearish TA's who just KNEW exactly what was coming next in the bitcoin market based on their magical TA.  Now that the market has just gone sideways and befuddled all of them for the past couple of months, BitcoinMarkets is now a complete ghost town.  You can almost hear the tumbleweeds rolling by.  All the Traders/TAs just lost interest and left (because the market continuously proved them wrong).
6870  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2014, 05:24:09 PM
While i won't buy too much, I think ill be buying a little here and there. I use my coin on coinbase for spending purposes, then i buy back what I just spent. I think everyone should do that. Use expedia for hotels (that will be expanding) and overstock, and all others that take bitcoin. If you don't want to part with your coin, do what Im doing. Just replace it, coinbase has an automated feature for this.. quite cool.

Good idea.  I actually can't wait for the day when bitcoin is available for payment on both Amazon and EBay.  Both of those sites constitute about 90% of my online purchasing, and I would buy back most if not all the bitcoin I would use on those sites.  Hopefully PayPal will just buy Coinbase outright some day, and integrate directly with PayPal, problem solved.
6871  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2014, 03:03:55 PM
god damn

its going up everywhere,

i just wana buy my bitcoin for a few $ off, come on, just stfu and take my fiat.

Relax, unless this is the "big one" (which I highly doubt), it'll be back down below $580 within 12 hours.
6872  Economy / Speculation / Re: What will be the top of 2014? on: August 04, 2014, 03:00:45 PM
This poll is kinda worthless, if I vote <6000, I'm even right if it drops to 0.

Yes, the last 2 choices cover every possible price range, and completely nullify any other ranges in the poll.  The OP clearly does not know how to craft a valid poll in a survey.
6873  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 04, 2014, 01:23:54 PM
Will amazon and other big players accepting bitcoin cause the value to drop?

I'm thinking it will, since most use services like bitpay and it would make sense for them to sell the coins quickly. That would be a lot of selling that will probably offset good publicity.

For a large influx of bitcoins coming in, seems like it would make sense for bitpay and other big processors to sit on their reserves and just sell, and watch the price drop, and then build their reserves back up at the low price.

I hope somebody can tell me I'm wrong.  Sad

No, it'll actually drop sharply at first because whale traders like to quickly flash crash the market, in order to buy up cheap coins before the good news makes the media rounds and the actual public buying starts.  In the next few days that follow, good news spreads quickly, more people buy, and the price naturally goes back up.  Then the whales slowly sell it back down, reaping their 10% profits along the way back down to where it was before the good news was announced.  Wash, rinse, repeat.

I'm surprised that others have not recognized this obvious pattern, as it has played out over and over and over again over the past 3 months.  Good news announcements have always been accompanied by an immediate sharp sell off.  The price rises, then slowly back down again.
6874  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2014, 05:08:12 PM
Who else is very happy to see Bitcoin stabilize above $600?  Grin

Stable for what, like one whole hour?  A little premature doncha think?
6875  Economy / Speculation / Re: Back over $600 again, here we go? on: August 01, 2014, 04:42:21 PM
Yep, back over 600.  603, here we come!  Yay!  Quick, someone shout CCMF and post a moon pic.
6876  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2014, 03:59:16 PM
we'll be at 640 by the end of the day!

CHOO CHOO

Let's shoot for $700.  Why not!? Wink

When we hit >700, even I'll be posting train photos and shouting "CCMF!!".  Lol.
6877  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2014, 03:41:43 PM


I know, we might even hit 610!  Shudder to think!

(Sorry, still permabull here, but my skepticism and sarcasm meter is at an ATH right now.  Not gonna care until we are solidly back over 680)
6878  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2014, 01:59:20 PM
Oooh, wow, look at that amazing volume that everyone was talking about that was just going to blast us through 600 and up to the moon!  

Just. So. Amazing.  /S   Roll Eyes


Come back to us when the volume turns up (x3 where it is at now)


Sure thing.  So January then?
6879  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: August 01, 2014, 01:55:20 PM
Oooh, wow, look at that amazing volume that everyone was talking about that was just going to blast us through 600 and up to the moon! 

Just. So. Amazing.  /S   Roll Eyes
6880  Economy / Speculation / Re: Wikipedia cashed out their BTC donations and price sunk on: August 01, 2014, 02:52:43 AM
No
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