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1361  Economy / Speculation / Re: The correction and recovery in a nutshell. on: January 24, 2014, 05:42:31 PM
You guys don't give HODLERS enough credit!
1362  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 05:10:58 PM
http://www.bbc.co.uk/newsround/25870621

The BBC has already reported Bitcoin a few times although it is not omnipresent on their site.

What's interesting about this is that the report is in the kids' section. They also have a link to a guide to Bitcoin, also in the kids' section.

Educating the youth.
1363  Economy / Speculation / Re: The correction and recovery in a nutshell. on: January 24, 2014, 02:05:54 PM
It's too early to call this a "recovery". It could be the first dead cat bounce in a multi-week downtrend.

U aren't a blinkered bull-tard TERA like most on here.

Go look at the 1 minute chart at three massive purchases that devoured an Ask wall chasing rapidly after the spot price. Believe me when I tell you these purchases came out of knowhere. One minute I had my short stop loss sitting a couple of cents above break even point ($785), with 350 Ask bids between me and spot price, then with an instant, my stop loss fell to within 10 BTC of Asks of the spot price. I shifted it back to $790 where there were a further 300 Ask bids, but these guys meant business. Seeing the forces at work I admitted defeat and took the hit.

Had it not been for these monster flash BTC purchases, that came out of knowhere and were not replicated on any other exchange, we would have already have had our dead cat bounce and we would have shot down past $765 support. Since the China selling pressure obviously fucked up the Price Holding Bot algorithms, this was a clear case of emergency price support action. No ifs or buts about it.

It remains to be seen whether this entity can hold up Bitcoin in the face of a mass Chinese sell-off, but every indication that I get from absolutel fkn hours spent focusing on these charts and the market action, I would suggest that a very determined attempt is being made.


Can I ask, is anyone able to buy Bitcoins without being accused of being an algorithm-monster price-holding crash-delaying party-pooper?


Fkn sharks in these waters and I dont like it one little bit and I wouldn't be surprised if it all culminates in a whole lot of people getting royally fkd up the arse.

Beginning with yourself of course!  Cheesy

Sorry, couldn't resist!  Wink


Sorry T.Stuart, I already made $1200 from my short sell. Lost $150 on second short sell, though but still not bad for a nights work.

I know. Congratulations! But like I said, I couldn't resist! It's the wonderful vocabulary you use.  Smiley
1364  Economy / Speculation / Re: The correction and recovery in a nutshell. on: January 24, 2014, 01:53:40 PM

Fkn sharks in these waters and I dont like it one little bit and I wouldn't be surprised if it all culminates in a whole lot of people getting royally fkd up the arse.

Beginning with yourself of course!  Cheesy

Sorry, couldn't resist!  Wink
1365  Economy / Speculation / Re: The correction and recovery in a nutshell. on: January 24, 2014, 01:52:14 PM
"sell-off"

"recovery"

Sorry to break it to you fellas, but we are still in a long consolidation.

In a day or three we will be at the end of this consolidation.
1366  Economy / Speculation / Re: Regards to Argentinian crisis - why isn't Btc skyrocketing? on: January 24, 2014, 01:36:55 PM
The Argentine Bitcoin community is in its infancy. The community is not big... yet.

I have no doubt they will be enthusiastic Bitcoiners, but there is still some basic infrastructure to get in place.

My guess is that they will become a force to be reckoned with around the middle of this year.
1367  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 01:24:39 PM
This drop could last several days weeks.

 Roll Eyes
1368  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 01:12:52 PM
More confirmed bad news, TigerDirect only processed $250K of Bitcoins in the first 17 hours.
Which is of course is a staggering 272 Bitcoins,  if Bitpay dump all those 272 bitcoins on the market straight away we are going to be in for a serious correction.
Another nail in the coffin of bitcoin.

http://bitcoinboard.net/tigerdirect-processes-250000-bitcoin-payments-first-17-hours/

Oh no!  Shocked People accepting Bitcoin as payment! What can we do??
1369  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 24, 2014, 07:42:10 AM
It's easy to see that this is an attempt to cause panic just before the 31 Jan.

Why? Because things are looking so bullish the instigators know that come that date there will be no opportunity for snatching any more coins in a panic sell!  Cheesy

Just hodl! Remember how many refused to sell over the past weeks, and how the price was supported through bits of bad news etc. Now there's not even that as an excuse!

Don't feed the trolls your coins!  Wink
1370  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 09:26:24 PM
http://www.businessinsider.com/new-york-bitcoin-hearing-info-2014-1
1371  Economy / Speculation / Re: BTC Predictions for 2014? on: January 23, 2014, 08:09:58 PM
seen some very bearish charts on tradingview from some of the good EW guys. bullish short term maybe but very bearish longer term to 150ish and such. crazy stuff, right?

could you share the link pls?
Im an EW guy myself, but I dont see a bear case. of coarse anything is possible, but if we are bullish in the short term Im content, lets roll with the punches.

Come on ampere9765. Where are those charts then?

1372  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 08:09:13 PM
Weīre probably about to get the 5th red daily candle on Stamp in a few hours, thatīs bullish isnīt it?
Aren't we still just working on the 4th red candle? At least according to wisdom

However even if goes 5 deep it just means the slowest slide to 800 we ever saw.


Maybe I misunderstood something, but do people really still believe there is going to be a China crash now?



1373  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 08:02:08 PM
None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

People have to accept Bitcoin before you can buy things in Bitcoin. With enough of a network effect, those who were converting $$$ to BTC will start holding BTC back to pay their suppliers. People getting on board is long-term bullish even if they are starting out with immediate conversion.

And importantly, practically every customer who opens a Bitcoin wallet will buy more Bitcoin than they spend. You don't make a habit of carrying your wallet around empty wherever you go do you (if you can help it!)? People will keep some Bitcoin in their wallet. So more merchant adoption = more Bitcoin will be bought than spent in this context for the foreseeable future.
1374  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 07:57:34 PM
http://www.coindesk.com/australian-bus-commuters-soon-pay-fares-bitcoin/
1375  Economy / Speculation / Re: why are we going down? on: January 23, 2014, 07:10:37 PM
Why are you wasting your time on alt coins?

Trade BTC to Doge and sell Doge after pump.
Better than hodling.

2 weeks, increased btc stash by 7 times. Hodling = stagnation

Who would have though it eh? Richard Branson pumping and dumping. I guess we really are in the Wild West now!  Cheesy
1376  Economy / Speculation / Re: Why JP Morgan CEO Jamie Dimon's comments are bullish on: January 23, 2014, 07:08:51 PM
I agree.

He is looking for cheap coins.

Ha ha! That's what I meant - thanks for putting it so succinctly!  Cheesy

Not at all.  Dimon sees through all the good news FUD and confirms the bad news true facts as confirmed by verified sources.  In short, he's just telling it like it is and will be.  Thank you Dimon, I hope you have maximally leveraged SHOTR positions in place.  We will do well.

He he! I'm sure he's shotred as much as he can afford, and more! He will be so happy in the future.
1377  Economy / Speculation / Re: why are we going down? on: January 23, 2014, 07:00:56 PM
Hello , I did not noticed the 'downtrend' because my time was full of mining alt coins.
So why are we going a bit down? Any new fud news I missed? Roll Eyes

We're not going down.
1378  Economy / Speculation / Re: Why JP Morgan CEO Jamie Dimon's comments are bullish on: January 23, 2014, 06:59:11 PM
I agree.

He is looking for cheap coins.

Ha ha! That's what I meant - thanks for putting it so succinctly!  Cheesy
1379  Economy / Speculation / Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion on: January 23, 2014, 06:51:32 PM
Could be wrong, but something tells me we are gearing up for the mother of all weekends.
1380  Economy / Speculation / Re: Markets Stable for the past week... Sign of things to come or something else?!? on: January 23, 2014, 06:44:11 PM
http://finance.yahoo.com/blogs/talking-numbers/why-bitcoin-is-poised-to-break-out-to-all-time-highs-141729681.html
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