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7101  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 03, 2013, 03:17:33 AM
I say it hits 96 and bounces, and stays. Elliot wave, downwards. 3 or 5, depending on how you count it- this is the last one

(On btce)

Wtf, is there one newb who knows what he is talking about, in this thread?  Huh
7102  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 03, 2013, 03:11:50 AM
6kBTC will take us to $95.00.

I have a feeling that apart from today (Friday May 3, UTC) we will never more have the chance to visit it.

Official Reason: the capitulation of 2nd Fibonacci order from the strong bull move, of $50->$167, leads us to $95, but no lower. (The third is $78, which means that should we cross $91 today, it'll be irresistible, and the the fourth and so on, but the chance is small, imo.)

Also sub-$100 prices just "seem too cheap".  Cheesy

I am willing and able to just accumulate below $100 myself.

We are in a secular bull market as long as Bitcoin adoption is growing, and I see no proof to the contrary.
7103  Bitcoin / Meetups / Re: Bitcoin Supernode Summit Finland 9.-12. May 2013 on: May 02, 2013, 09:12:07 PM
Goat, did you have something particular to say?

I guess I should have said "witnessed"

On this forum to preserve historic events more than one person needs to save a quote so we know in years nothing was edited. it's pretty normal.

Thanks:)

Ah, I thought this was self-moderated. It does not seem to be... I think we need to make a new thread since non-sm is trollfood these days Sad
7104  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 02, 2013, 09:08:58 PM
I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?

You will loose rest of your hair this night. You will see a much lower numbers than 95$

You are a sockpuppet and ignored. But just for the record, it does not seem to me that we will see $95 again.

Somebody else may think otherwise, and may even be right. But I doubt many of you actually make money in the long run, it seems that you are just confused sorry trolls. My position increased today, I sold some gold to buy bitcoins. Did not post so much, since I felt this was a day when I could make more money by actually working (ie. getting my gold to the salesman and buying bitcoins).

When we go to $120, I will have more time to post since I do not need to trade. At $133 I probably go speculative short.
7105  Economy / Speculation / Re: The short term bear case on: May 02, 2013, 09:03:05 PM
Just remember, only about 1.5M bitcoins are in speculative (fiat-denominated) hands anyway. Even today I managed to sell about BTC150 to my clients. That is 1/10000 of all speculative position of the world combined.

I think bitcoin is going up.
7106  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 02, 2013, 08:57:01 PM
I still don't understand what is the problem:

- 48 hours ago I felt that bitcoin is a buy @140
- It crashed through the 1st fibonacci support of 121
- I no longer felt that it is a buy since I knew it'll go to 95 (the 2nd fib. support)
- about 22 hours ago, I spent 2 hours telling you this
- Nobody believed me, (and also did not sell me any coinz so I went to sleep)
- It did go to $95, and apart from the following 24 hours, it will never see $95 again for sure (and I can sell puts but you don't have any money to buy)
- I managed to buy BTC200 at $103 even during my dinner
- Now I am happy, bitcoin will cross ATH this month and I make money
- I am going to sleep, how about you trolls?
7107  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 02, 2013, 04:59:05 PM
Sell to me at $100 OTC or stfu.
7108  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 02, 2013, 04:56:12 PM
Ok guys, I have $25k. So somebody's got to be willing to SELL me some bitcoins @100, right?  Roll Eyes


If not, this only proves to me about the tape-painting capabilities of the PTB, and underlines the importance of developing the things in the conference: dealer network, supernode and real bills.

You know my number. I'll go to have some snails and chardonnay.

Btw, this is the last day when we see $95 EVER, you can quote me on that.  Cool
7109  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 02, 2013, 01:58:54 PM
I consider that $95-$99 range is irresistible. But afterwards we are going higher. Long term, about 15% weekly increase is sustainable and it will carry us to $10,000+ coin before christmas.
7110  Bitcoin / Meetups / Re: Bitcoin Supernode Summit Finland 9.-12. May 2013 on: May 02, 2013, 01:41:32 PM
Goat, did you have something particular to say?
7111  Economy / Marketplace / Re: Casascius selling direct again on: May 02, 2013, 05:14:51 AM
Wow we are all so jealous of your success and fancy food.  Filtered water hard to come by in your country? LOL. 

Honestly seeing you flaunt it like this makes me want BTC to crash hard to the ground (not really though because I do own bitcoin).  You are a great example of 'new money'.  You got lucky (call it what you want but there is certainly a degree of luck involved in BTC) and now have more money than you ever imagined.  The years spent looking up to people who had a little more makes you feel the need to outdo them and post about it here.  This over-extravagance is pretty cliche for a newly rich person.

Pride before the fall much?

I have the actual ability to keep Bitcoin network and bitcoin price up indefinitely long. (Proof.) Why would I not buy them?

Buffett says that it makes very little sense diversifying if you know what you are doing. I do.

It's like poker, if you have A-A, you nearly always raise and always call, even if there is a chance that you lose big. Bitcoin is the A-A of monetary systems of early 2013.

The luxury is there just to speed up the process. Many in bitcoinworld do know what I do. Even I did not actually make it up, it took 2+ years from another person to make me believe it and be able to speak about it articulately in public.

PS. I really get high every time I taste good water. Even yesterday EuroTrash though I was drunk (I wasn't).
7112  Economy / Speculation / Re: The short term bear case on: May 02, 2013, 05:06:29 AM
I don't believe the mid-term bear is over, before we visit $95 in the following max 48 hours. Buy as much <100 as you can.

(If we don't do it in that timeframe, I would go shopping again)
didn't you just say we weren't going to see $115 ever again?

$115 never again, takers?

Rpietila revealed in another post that because he manages bitcoin investments on behalf of clients, one should not take what he says publicly for what he takes to heart.

I have managed to increase my family wealth by 41% APR, over the course of 10 years. Of course that is not perfect, but I can't recall many who have done as well. Except now in bitcoin, you just went all in and never sold. But can you introduce me a to a person who actually has done it. There are not so many of them.

First 6 years of my investment career I was making a constant loss. (It's not included in the 10 years that I made a profit Smiley )
I think if you likewise have started daytrading or whatever after 2008, chances are that you also make loss even until now, since it takes time to actually understand markets.

Reading my short term projections (even if you do 24/7 like I do) only gives you about 52-55% hit rate. It is high enough to (who did the math in the first paragraph?) increase your wealth by a factor of 30 in ten years, but low enough to not do it in ten months, weeks, days, or hours, which many seem to want to put in my mouth.

If you want to make 30x your initial investment, buy bitcoins, and do not trade or sell them. I believe by October 31st, this year, you have it. This is my actual advice. It takes 10 sockpuppets created in March/April 2013, to try to derail the forum into believing something else.

If you want, I can still write you puts for $115 and I only ask BTC0.25 premium (expire 30JUN2013). If it goes below $90, you gain, if it stays $90-$115, you may recoup partly if you bail out, if it goes to $115 and stays there, you only lose the premium of 25%.

But this is a put option, not a fiat bet. In order to profit, you must sell me the bitcoins. Hint: nobody has ever taken my puts even though they are reasonably priced. The pros know that they just lose bitcoins to me cheaply if they take them and exercise them (and pay me for the privilege). The noobs can easily list 10 words in this single post on mine, which they don't understand, and therefore call herpderp.


7113  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 08:45:10 PM
Sorry ... no interest in reading half a page of your drivel ... if you want to poison me, make it short and sweet. Your monologues have no 'bite' for me

Pathetic that the belligerent supernodes need to use sockpuppets created on April 12th, 2013.  Roll Eyes

That's almost like saying a 2013 Casascius is a collector's item.  Roll Eyes

Busted. Everybody will laugh at you, I just ignore. Go home.  Roll Eyes
7114  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 08:33:11 PM
You're a pompous, arrogant, smug, patronising son of a bitch that slithers through this forum with the sole intent of trying to get others to make you richer than you claim to already be. I don't hate you ... I pity you. I just can't believe that anyone is still falling for your act ...

I see what you did there. Now, eat my poison:

To the bears:

You may think it is cool to spread FUD, trying to delay the mass adoption and enrich yourself in the process. You are wrong. It is not cool, but the opposite (lame). Also you are not really getting richer, and you know it. The ones, who are now actually getting richer by lying, are competent enough to get richer while speaking the truth, and they have enough bitcoins, and time in their hands to come to my summit and learn how to do it.
I don't understand this part of your post.

"Bear" means "I think the price is going down". Are you seriously insinuating that of the "bears" on this forum (those arguing that the price is going down), there is not a one of them who actually believes it?

The part about mobile phones kind of proves it. There are some techs, such as Twitter, which did not reach more than 2% of the population, yet continue to be current for that subset. Yet, Bitcoin is now used by about 0.01%-0.1% of world's population. Even if it never makes big, it is hard to comprehend that someone who actually used Bitcoin, would cease to use it.

Everything I see, is now pointing to a rapid mass adoption in 2013, which means that the price will overshoot to $millions range in a speculative bubble, coupled with hoarding, and no easy means yet available to augment the supply with instruments with limited monetary privileges (i.e. "real bills" and the like).

Even if I am wrong, $5000 by Christmas is hardly improbable. $100, never. That would mean that Bitcoin's usage would stall in 0.01% of the world's population, and nothing is pointing to that direction. It is growing right now, I estimate anything between 10-30% per week, and we leave the math to the reader.

So yes, I believe all "legit" bears have sold their coins for a fiat profit, and are now minding their own business somewhere else. This forum is frequented by professionals and their sockpuppets, where the professionals speak mildly bullish statements, and the bears that they employ, speak FUD. All this is just to mask the fact that the pros want to accumulate as many coins as possible. Mathematically and psychologically, bitcoin can never stall in any value short of $100k at least.

I am not a very big potato in the grand scheme of things, but even I can see this much. Seeing it is just the beginning, the next level is realizing that we are all going to be so very rich; now what do we want to do with the money? This is why I am posting. There was this thing called "integrity" in the 1800s, and not much of it could be found in bitcoinworld in 2012. It is coming back, thank you for your time. Smiley
7115  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 08:24:57 PM
To call him the ringleader is to credit him with far too much intelligence ... snakes ain't that smart
I do object to his blatantly manipulative comments though, and as said before, ALL NEWBIES BE WARNED >>>> DO NOT TRUST THE REPTILE IN THE HOUSE

With nearly three weeks of experience you seem to be qualified to assess mine. Let me remind the others (for you this might be a new thing) that I won (by popular vote) a public debate in January 2011, with the topic: "the monetary system of the future - silver or Bitcoin", against a person who was advocating Bitcoin. Now I have wisen up a great deal.
7116  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 08:14:44 PM
Quote
I also trade for other entities than my personal position so actually it would be best to not listen to me at all.

You should put that in your signature.

Yeah. Some people think that I can predict short term movements (which I generally don't, albeit I trade profitably). Some people think that I cannot predict the long term (which I do: with 50+% certainty bitcoin is going to $100k+ in 3 years). Suckers are wrong on both.
7117  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 07:58:02 PM
stop talking about 87 or 95, support is here now, don't miss your chance  Cool

It needs to test $100, and by testing I mean, cross it. Short term I would put a limit buy order in $96-$99 range, that is the safest.
7118  Bitcoin / Meetups / Re: Bitcoin Supernode Summit Finland 9.-12. May 2013 on: May 01, 2013, 07:47:12 PM
So you announce a conference with 2 weeks warning time? Real professional...

Is it correct that the ticket prices is 25.000 mBTC, ie, 25 BTC, ie, by current prices about 5500 USD?

Currently you would get a ticket for 9,000mBTC (about $1000) for a 3-night stay in shared room, full board, and airport travel.
7119  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 07:44:19 PM

If you are selling coins, putting up an ask wall is just doing the exact same thing in the other direction.  And you get to absorb some of the bounce back. (Noob here, correct me if I'm wrong)

Yeah but if the market just crashed 25%, you have 200k USD of BTC on MtGox, your first thought is "Put up 1.5k ask walls at $115 $118 $120?". You're just deterring a bounce back. If you're panic selling, you'd just sell them. And within 60 seconds of the coin dump? Who see's a crash and walls up the bottom? The size and aggressiveness of those ask walls isn't from people looking to sell into the bounce back. You want it to bounce back, your BTC is worth more. The only thing they do is help keep the price down.

shut up and buy. I would, but I felt that even $140 was so ridiculously cheap that I went all in.

Note to haters - I am an onion. "All in" does not mean that I have allocated all my possible funds into bitcoin. (In fact I have unlimited money but that is too wonderful for most of us to grasp.) If I say "all in" it generally means that I invested 100% of the position that I have allocated for fiat/bitcoin trade. If I say I'm "short", it means that I own money that I have speculatively sold in anticipation of a buy back.

The onion part means that if bitcoin surprises to the downside (as it did from $266 - I was expecting $100, but it went all the way to $50), I have more and more layers of gold and silver, precious things, and perhaps even fiat balances, to peel, and deploy speculatively. These I will sell after the overshoot is corrected, like I sold all of the speculative position bought at $51-$90, for $90-$147. Don't kill me on the exact numbers. I also trade for other entities than my personal position so actually it would be best to not listen to me at all.

 





7120  Economy / Speculation / Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore on: May 01, 2013, 07:33:37 PM
Asks rising dramatically, bulls failing to get back past 120.

Beyond wanting to limit a bounce back, why else would someone put up 2-3-4k ask walls right after a sharp decline, right on the edge. They were way too big, way too consolidated to be bots. There were still enough bids walls if you actually wanted to sell you could have. Not to mention the ask walls came up right after the final coin dump to 105-110. You can explain away lots of coins being sold. I find it hard to explain away people aggressively pushing the ask wall preventing any serious bounce back.

Hush..
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