I am also amused when someone goes off on a rant on the basis of something that was neither said nor implied

Where in the above post or elsewhere do you see me saying this upward trend will continue and for how long/to what price?
Where in the above post or elsewhere do you see me saying there will not soon, at a given time or price will there not be a major correction?
Where in the above post or elsewhere do you see me saying anything that could lead one to reasonably deduce I was following something/someone unthinkingly as per a sheep?
What indication have I given in the above post or elsewhere that I would be surprised if the Bitcoin market plummeted (or went through the roof) tomorrow or at any point in the future?

You suggest I use my mind?  I suggest you may consider using this little exchange as an excuse to start actually reading what is in front of you and form your reply on the basis of what is written rather than on some fantasy based on unfounded assumptions.


Now....as you were...  

PS, as if my previous post needed a tl;dr my comment was drawing attention to wobber's apparent failure to notice the 'buy buy buy' posts are countered by a significant number of 'crash crash crash' posts.  It's just what happens here.  

Granted I don't see as many of the bear posts as I used to because some latter day bears are on Ignore due to my failure to see much of substance in their 'contributions'.  I kinda miss the eloquent and intelligent - if persistently (except once!) misguided - contributions of the perma-bears of lore such as Proudhon.

I find it so funny when people only see what they want to see (check out the number of posts in the last couple of pages of this thread saying it is about to crash)!

Where gox does 'lead' it appears to me to lead like a dog on a retracting leash these days!  It might run on (or suddenly double back) enthusiastically but will soon be pulled up and has to look round to see if the others are following.  And the aggregate of the others appear not to be blindly following.  Often they will follow but sometimes they'll just say 'neh' so gox just wags its tail, forgets where it thought it wanted to go a minute ago and bounds off again in another (or the same) direction

It kinda looks like it on first impression but if you look at it closely, from an anatomical perspective by going onto the ball of his right foot  the hip joint is free to rotate, turning the whole leg with no lateral movement required of the knee joint, which is what would cause damage, it only being able to move in the sagital plane

Love it that this is happening and yet the price is not going bananas!  I am hopeful it will stay that way and grow sustainably (however slowly or quickly that is) rather than going through the roof with a massive correction.  One reason is that the market is bigger, broader and more mature now.  Another is that with hardly any exchange having large orderbooks small market orders move the price substantially. But because all exchanges don't always follow suit to the same degree, rather than getting trigger-happy auto-responses exacerbating large price moves we are tending to get considered responses.  I am not saying massive quick price boosts or freefall are no longer possible but I get the impression we're better protected against them happening at a whim - and I think the margin trading at Bitfinex is also helping with this regard.

If I'm right in this respect the consequence should be that more of those finding out about Bitcoin for the first time now are likely to be able to get in and get involved with small amounts at around today's prices so we get better distribution rather than panic buying on a fast rise only for the whales to cause a big correction and cream the extra coins for themselves.

I don't know but it's fun isn't it

The market movements appear to be getting more and more unpredictable to me, especially seeing as we have a much healthier balance of exchange volumes where any one of them could be taking the lead on a move.  I therefore find it harder even to correlate a movement with news/new service events let alone to assign causation.  So I do find it amusing that some here insist with such certainty what is the cause of what

Not trying to teach my grandmother to suck eggs rpietila but did you ever see the quirky BBC tv programme called QI with Stephen Fry?  They put in some questions to which there is no known answer - and if somebody spots it the screen shows a massive:


....and the big booming voice says:


I think of this often these days when someone asks why a market move is happening

Edit:  I just realised after posting you're asking not why the market is moving as it is but why the wikipedia hit explosion! Ah well.   My answer therefore does not refer to your post at all but I'll leave it there because I like it

Wow, are we really that bored with talking about bitcoins that this is deemed interesting??!!  This is currently one of 2 'god' topics that currently make up 2/3rds of blockchained's top 10 bitcointalk topics!!

...and I'll second the person who suggested this belongs in 'Off Topic' because it has nothing to do with bitcoins.

Comfortably holding onto the lead with volume too at reasonable overall volume.

Not that what I like counts for anything but I like that scenario   The idea that there's a big news splurge whereby many people get to hear about it (again) then get distracted by other stuff and holidays or don't want to 'invest' money just before the holidays and forget about it for now is great   If it piques their interest but not enough to act then next time they hear about it they may understand a bit more.  The better people understand the less naive money comes into Bitcoin which in turn reduces the risk of an overheated market and the inevitable consequence.

What can the dragon/dinosaur be fed to encourage its tail to rise

It does feel familiar - yet I like that we're having a deeper and longer correction than last time round.  My guess is people who last time just held on in until someone else sold big first this time want to jump in earlier and take profits.  I'm guessing it is only a matter of time before we get to a situation where there's hardly any bitcoins for sale because everybody wants it to go higher first but the less certainty about the up, the better (in terms of not fluctuating too much*) as far as I'm concerned.

*though I acknowledge large fluctuations are what traders want.

Love it - though it does look more dinosaur-like to me!

If piqued that would be great but if it has peaked, not so good

Is it not likely by the time everyone and his grandma is buying they're not 'investing', rather either buying to protect wealth from a hyperinflating fiat or buying because it makes more sense and is easier to use to buy stuff than fiat.  And if fiat is hyperinflating what are you exiting to? Not USD is my hunch!

My point was not that you guys are wrong.  I am merely amused by and wanting to draw attention to the difference between 'all indicators' and 'all the indicators according to my models using my parameters'.   They could be as primitive as a glance at chart shapes from a previous similar shape v. today as an indication or the most advanced simulation models.

Of course all any trader has to go by is their own assessment (with varying degrees of sophistication) and makes or closes trades accordingly.  Where the mark is overstepped, which is what I find so funny, is where that turns into the deluded belief that because one's own indicated predictions are that the market will behave a certain way, that the market is by necessity going to act according to said predicted behaviour.

The news is bulls and bears: proclaiming your certainty of the future ain't going to make it so!!

...except for the other indications pointing the other way

Charts don't suggest a thing.  Your certainty that the chart tells you what is about to happen is as reliable as another's seeing the face of Jesus in burnt toast telling them it's a sign!

This appears to be the most plausible explanation to me:

A bit late to the party but thanks for starting this thread.  I have recently been taking much more notice of what's going on with trading in China so this will help draw my attention to aspects of interest.  Thank you - and to those who, unlike this post, actually bring something of interest to the table

Just a thought, given btc-e has been top of the volume table for nigh on a day now:  OP, How's about changing the title of this thread to Wall Observer: BTC-e wall movement tracker?

I kinda like having mainly headed to the gox wall thread for a year or so now, over the last couple of months flipping between the various wall threads now that the era of gox's dominance appears to be over.  It would be nice to have a btc-e one too (unless there's one already I've missed out on)?