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1  Economy / Speculation / Re: This pump is not sustainable. on: January 05, 2017, 05:33:11 AM
Pump LOL, good one  Grin

Just using the word "pump" indicates cluelessness.

This isn't some stock market game. No individual group or person is "pumping" the price up to lure in suckers.

This is natural growth, a correction after prices being artificially low for almost 3 years.

"Pump and dump" is a fraudulent stock promotion scam, nothing to do with what is currently happening to Bitcoin.

I'll accept calling selling "dumping" because an investor can dump his holdings, but merely buying bitcoins doesn't constitute pumping.

Long time holders are so weak, specially bitcoin holders...

? ? ? The weaklings are those who panic and waste their coins buying fiat.

They succumb to fiat FOMO. "OMG, if I don't buy fiat now, I'll miss out."

Idk man, I think you may being a little too optimistic. I agree that this is the kinda growth that bitcoin deserves, but I think it'd be foolish not to admit that the price is being deliberately pushed up. All the signs have been there for the entire year. It just took this long for FOMO to kick in.

Why do you think prices were artificially low for so long? It was being dumped. That's just how it works. They buy all the way up and they sell all the way down and they make fucking way more money than you and I can even imagine. I know it sounds counterintuitive, but I really don't feel like trying to explain it and I'm not even sure I could do so thoroughly. But game theory says this is what happens.

The misguided purists will cry "but we need less volatility for it to be a legitimate currency!" and to them I say, "fuck off!". This is how I make money, this is how they make money, and most of all... this is how bitcoin makes headlines, turns heads, and gets people on board. Even if the majority of them sell for a loss and get turned off forever. Honeybadger don't care... any publicity is good publicity. Embrace it.
2  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2017, 05:20:04 AM
Yet another ascending wedge breaking up. Bitcoin, I love you so much.

Edit: Volume not very impressive.
3  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2017, 05:02:00 AM
Fuck yeah coolbeans. That's part of the reason why the west is trading so much lower than China right now. Buy in China, sell in the west, buy real estate in Vancouver or some shit. Makes me glad I'm longing Chinese markets this time around lol. Seriously, same shit as 2013, just more liquidity and more players.
4  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2017, 04:48:35 AM
Tera, NLC, Stolfi...

One of these things is not like the others. A holder/trader who made some fucking excellent calls and then decided to just hold and not be stressed out all the time like me is a hell of a lot different than a bear troll or a... extremely misguided south american socialist.

Edit: But idk, I've been OOTL here a bit. Tera didn't do anything stupid did he?
5  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 05, 2017, 04:15:23 AM
RSI on the hourly flashing red flags. A healthy dip might be on the way.

Maybe, but in times like these indicators go out the fuckin window. Just look at Bollinger's tweet about his shit being invalidated on the daily chart. Candlesticks are the only thing I'm looking at right now. Just gonna hold my longs until I see a big fucking red dildo rekking everyone, then sell the bounce.
6  Economy / Speculation / Re: This pump is not sustainable. on: January 04, 2017, 05:39:35 PM
no pump is sustainable. at the same time no pump and subsequent fall is predictable either. why did you sell at such a huge psychological barrier? it's obvious it was gonna continue if it breached it.

No it was not. I figured it may hit 1030-1020 and crash back to 750 where it took of to redistribute. Makes sense, does it not?

Ok, and what was the risk/reward on that trade? What was your plan if it kept going up like it's doing?

Why did you try to fight the trend?
7  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 02, 2017, 10:12:46 PM
hey what are the big exchanges these days? i've been primarily watching bitstamp ever since the gox collapse.

Okcoin and Huobi, really. Bitfinex lost a lot of market share after the hack, so there really isn't a dominant USD exchange anymore imo. So it's between finex, stamp, and gdax for usd.

For futures, Okcoin. Bitmex is gaining some popularity. I don't actively watch it right now, but I feel like I will in the future. Need a few more monitors first. And one of those mount thingies to put them above my other monitors lmao.

edits because i'm a drunk asshole
8  Other / Archival / Re: Free Bitcoins, post your address! No catch on: August 31, 2013, 11:35:27 AM
19ohzk7tifEN2wCax8UGADPEtHwGo37bmu

Thanks!
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