Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[Richy_T]

Ivanhoe, are u implying it's impossible for a youngster(15-20) to realize the value in bitcoin?

Or just that it is more unlikely then a 35 year old?

Not impossible, but just more unlikely 

I think youngsters probably are less likely to want bitcoin for "store of value" or "safe from confiscation" etc. , but are more likely to start using it as a currency once there are enough places to use it (for example poker sites etc.).

Possibly a good point that Bitcoin needs to jack into the youth crowd. That's more likely to be about ringtones and backgrounds than poker though.

[Spaceman_Spiff]

Ivanhoe, are u implying it's impossible for a youngster(15-20) to realize the value in bitcoin?

Or just that it is more unlikely then a 35 year old?

Not impossible, but just more unlikely 

I think youngsters probably are less likely to want bitcoin for "store of value" or "safe from confiscation" etc. , but are more likely to start using it as a currency once there are enough places to use it (for example poker sites etc.).

Possibly a good point that Bitcoin needs to jack into the youth crowd. That's more likely to be about ringtones and backgrounds than poker though.

Give 'em some credit.  First you get the smart ones who recognize the utility, then the ringtone crowd will eventually follow  .

[JayJuanGee]

Short-term looks bullish to me.

bid

It's not bullish or bearish. It's consolidation. You're seeing the oscillations get smaller and smaller as the amplitude of the swings decrease as the bots skim the market maker spread. It's gonna flatline before or unless some new development upsets the equilibrium.  

Denial.  Its a bull penant. Igorr showed us.

I have no idea which way it will go.

But it can't be a bull pendent, as a bull pendent can only be formed at the end of a strong up trend.  

You must be thinking of a bear flag.  

I appreciate seeing these instructive charts, yet one thing is that they do NOT seem to have predictive value, until after the price has gone one direction or another, then you will describe what it "was" that was being observed.  In other words, whether it is a bear or a bull, they look the same, until the break out takes place.

[jonoiv]

In terms of the type of pendent.  Heres what it suggests.  

But,  obviously there are other factors.  

[billyjoeallen]

Ivanhoe, are u implying it's impossible for a youngster(15-20) to realize the value in bitcoin?

Or just that it is more unlikely then a 35 year old?

Not impossible, but just more unlikely 

I think youngsters probably are less likely to want bitcoin for "store of value" or "safe from confiscation" etc. , but are more likely to start using it as a currency once there are enough places to use it (for example poker sites etc.).

They also may like the technological aspects, the potential control without a bank and the hip factor of the latest and greatest

They should want it for a bunch of reasons, but they don't- at least not yet. Stupid kids. Clearly there's a problem with them and not us, right?

The only thing that makes me feel dumber than selling a bitcoin at $456 is trying to sell one and being unable to. I want some money!  This isn't some intimidating sell wall, it's one goddamn coin. Do you guys realize how pathetic we must look from the outside?

[Spaceman_Spiff]

In terms of the type of pendent.  Heres what it suggests. 

But,  obviously there are other factors. 

Aha, but the correct prediction was already in there without you realizing it   

[jonoiv]

Short-term looks bullish to me.

bid

It's not bullish or bearish. It's consolidation. You're seeing the oscillations get smaller and smaller as the amplitude of the swings decrease as the bots skim the market maker spread. It's gonna flatline before or unless some new development upsets the equilibrium.  

Denial.  Its a bull penant. Igorr showed us.

I have no idea which way it will go.

But it can't be a bull pendent, as a bull pendent can only be formed at the end of a strong up trend.  


The flag ascending pendent was formed at the end of the last drop

You must be thinking of a bear flag.  

I appreciate seeing these instructive charts, yet one thing is that they do NOT seem to have predictive value, until after the price has gone one direction or another, then you will describe what it "was" that was being observed.  In other words, whether it is a bear or a bull, they look the same, until the break out takes place.

They are the same!  The bull and the bear pendent /flag.    The only difference is the direction they started from.   For example all the bearish pendents / flags come at the end of a down trend,  and all Bullish pendents / flags form at the end of an uptrend.

look at all the examples and look where the price line started.

[jonoiv]

In terms of the type of pendent.  Heres what it suggests. 

But,  obviously there are other factors. 

Aha, but the correct prediction was already in there without you realizing it   

LOL,  who knows   maybe you're right..

Things will move in the next 20 mins I think.. 

[podyx]

Have we witnessed billyjoeallen go full retard?? (based on his last post)

[JayJuanGee]

Ivanhoe, are u implying it's impossible for a youngster(15-20) to realize the value in bitcoin?

Or just that it is more unlikely then a 35 year old?

Not impossible, but just more unlikely 

I think youngsters probably are less likely to want bitcoin for "store of value" or "safe from confiscation" etc. , but are more likely to start using it as a currency once there are enough places to use it (for example poker sites etc.).

They also may like the technological aspects, the potential control without a bank and the hip factor of the latest and greatest

They should want it for a bunch of reasons, but they don't- at least not yet. Stupid kids. Clearly there's a problem with them and not us, right?

They are what they are.  They are NOT going to buy into BTC until their friends buy in, so this could take a little bit of time.. but also shows a considerable upside potential for BTC.

The only thing that makes me feel dumber than selling a bitcoin at $456 is trying to sell one and being unable to. I want some money!  This isn't some intimidating sell wall, it's one goddamn coin. Do you guys realize how pathetic we must look from the outside?

NOBODY is going to buy your BTC at $456 if and when the market rate for BTC is $453..   That fact does NOT look pathetic.  Rather to me, it looks like the temporary condition of BTC - a lack of volatility for the moment.

[fonzie]

Have we witnessed billyjoeallen go full retard?? (based on his last post)

Breaking news.....


 

[billyjoeallen]

YES!!! someone finally bought it on bitfinex. Now quick, somebody dump so I can buy in back @ $447.

[ChrisML]

YES!!! someone finally bought it on bitfinex. Now quick, somebody dump so I can buy in back @ $447.

What about hodling like a BTC pro. And let the dumping behind us.

You had your chance a few times the last weeks.

[JayJuanGee]

They are the same!  The bull and the bear pendent /flag.    The only difference is the direction they started from.   For example all the bearish pendents / flags come at the end of a down trend,  and all Bullish pendents / flags form at the end of an uptrend.

look at all the examples and look where the price line started.

OK... Thanks.   I did NOT catch that starting point of the graphs, the first time around. 

So we can take a snap-shot of the price performance at any given time and say this is the BTC price direction probabilities that seems most likely based on this particular pattern, and so it seems that we are overall in a downtrend, a tht emoment, especially if we look at various periods of time since early December 2013. 

Actually, we could randomly pick any large variety of time periods between early December 2013 and present and we will likely conclude that we are in a downtrend and thus bearish.

However, as soon as we pick any point in time prior to mid-November 2013, then it appears that we are going to have to conclude that we are in an uptrend, no? 

Yes, I do understand and accept the concept for the short-term analysis, but it would be very difficult to escape contrasting that shorter-term analysis with longer-term analysis in order to have a more complete picture of projecting both the short-term and the long term probabilities of BTC prices.  No?

[aminorex]

I never realized how annoying I was as a bull until I wasn't one anymore. Sorry, Fellas. I'll try to make up for it by being an even more annoying bear.

Do you really want to be a living illustration of the meaning of "butthurt bear"?

[aminorex]

Short-term looks bullish to me.

bid

It's not bullish or bearish. It's consolidation. You're seeing the oscillations get smaller and smaller as the amplitude of the swings decrease as the bots skim the market maker spread. It's gonna flatline before or unless some new development upsets the equilibrium.  

Denial.  Its a bull penant. Igorr showed us.

I have no idea which way it will go.

But it can't be a bull pendent, as a bull pendent can only be formed at the end of a strong up trend.  

You must be thinking of a bear flag.  

2(a)

[mah87]

Don't forget to vote !! =D
https://bitcointalk.org/index.php?topic=558348.msg6087123#msg6087123


Thank you !

[ChartBuddy]

Explanation

[aminorex]

The only thing that makes me feel dumber than selling a bitcoin at $456 is trying to sell one and being unable to. I want some money!  This isn't some intimidating sell wall, it's one goddamn coin. Do you guys realize how pathetic we must look from the outside?

So sell it for 453 and stop acting so pathetically. Whinging about a .5% spread is ludicrous.

[billyjoeallen]

YES!!! someone finally bought it on bitfinex. Now quick, somebody dump so I can buy in back @ $447.

What about hodling like a BTC pro. And let the dumping behind us.

You had your chance a few times the last weeks.

Yeah, I held like a pro and saw my net worth plummet by two thirds. Whores are pros. They get fucked. So did I. If this little rally continues, you'll see a lot more of my coins in else's pockets and If I don't get the chance to buy them back cheaper, I'm tempted to walk away and spend the cash on coke and "pros".