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

[seleme]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

I bought 26 at 375 before that, don't feel too stupid to be honest, you can't really have crystal balls to know what's going on. YOu can come close though.

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[seleme]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime! 

Doubt it. Final bottoms don't get such weak bounces.

[billyjoeallen]

Looks like Huobi's running out of steam.

[JayJuanGee]

I love those guys who told me to fuck off. What am I doing now? fucking off. I'm not buying. You pissed off one of the guys who could save you. (not really. I'd have to care)

Should I start buying yet?

Nah. I can wait.

Will I miss the bottom? Prolly. I have so much cash I don't have to care. Some trader smarter than me will catch it and "save" Bitcoin without even meaning to. The decentral bankers of Bitcoin: The bad ones pay the good ones and the good ones reduce volatility. Clearly we need more good ones and that's what I'm learning to be.

OK... GOOD bye....

 Maybe you will buy back in at $700?  Losing out may come when a guy get's too greedy...

Losing out at cheap coins may come when you are impatient. The only thing I think I'm missing out on now is the opportunity to punish the optimistic. From an ROI perspective, it doesn't matter how many coins you buy or at what price. It only matters that you get the direction of price travel right and the amount of movement.

Run along, now. Daddy's got work to do.

I was fairly impressed with the seeming self-restraint of your post, until I arrived at the last line. 

You could NOT resist, and for some strange reasons (possibly only known to yourself - although you may NOT be able to control yourself), you had to throw in some patronizing comment. 

A Funny comment for highschool aged socializing, but does NOT seem to be a comment among mature and/or properly groomed adults.

Lighten up, Man. You gotta know I do it to bug you. We're all learning here.

Just b/c I do NOT want to behave as if I were still in high school does NOT mean that I am NOT lightened up.

If you feel that you need to throw out patronizing statements in order to have fun with others, then something seems to be wrong with your psycho/social well-being? 

Do you talk like that to people you meet in person also? 

Even though the internet is NOT in-person, these are people on the other end of the keyboard... at least most of us... there may be a few bots.. like shroomskit seems kind of like a bot - a bird-bot. or a dog-bot.

[TERA]

Standing order net fills:



I decided not to tamper with it this time and cancel them all as it was falling like some times before. 

[JayJuanGee]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime! 

That is assuming that these guys are dumping to make money in the short-term.  Some of these dumps are probably NOT directly profitable... and those costs of unprofitable dumps may likely be built in.. to get bigger rewards in other ways and on other days.

[nanobrain]

...patronizing statements ...

pots and kettles

[ampere9765]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime! 

Awwww I have to say that is just adorable

[aminorex]

huobi continues to lead the price up, third run at 2400

[nanobrain]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime!  

That is assuming that these guys are dumping to make money in the short-term.  Some of these dumps are probably NOT directly profitable... and those costs of unprofitable dumps may likely be built in.. to get bigger rewards in other ways and on other days.

@BitChick, agreed.

I have no idea what JJG is talking about but if we could power BTC on hot air we'd be laughing  

[aminorex]

...patronizing statements ...

pots and kettles

that's racist

[ubcjosh]

Ascending Wedge or Double/Trip top forming on OK/Huobi?

[slapper]

Some great comments finally on r/bitcoin as this all crumbles today http://www.reddit.com/r/Bitcoin/comments/22qc1d/as_someone_who_has_invested_140k_into_bitcoin_i/

Good to see circle jerk on the down low finally.

Some excerpts from OP's post:

"For example tomorrow I believe there is going to be a service launched that allows you to "rent" your Hard Drive space to others over the internet, and it's all validated and compensated with BTC. There are so many different applications that are going to be built on top of Bitcoin."

He got this idea from Jonathan Mohan's presentation at the NYC conference. I was there and his talk was highly future oriented, none of those features are even close to implementaion. Adding to this, it does not help that we currently have fierce competition building in the space between Blockchain 2.0 (NOT BTC 2.0), Ehterium, and Mastercoin regarding multi-asset issuance (which this renting of Hard Drive space idea is based on) and the smart contract scripting language. If you want to hear more listen to the LTB episode 99.

"Then you have remittance services that are being built on top, charging 3% to consumers instead of the dreaded 10% scenario."

The remittance services also face a lot of competition in places where they are the most popular, like Mpesa in Africa, and India Post / Vodafone in India.

"Plus (I could be mistaken) it costs each miner about $108 to line each Bitcoin. The network is fine."

I have no idea how he arrived at this figure as I (and many others on the Mining section of this forum) have been racking my brain trying to figure out how to price the production cost of a Bitcoin.

Personally, to me this guy just invested way more than the 10% of his total wealth into this, which should be the absolute limit for a speculative vehicle anyway, and is trying to make himself feel better. Add to the fact that he readily attends all the conferences, which are always full of positivity (not a bad thing), and you get a dangerous state of self-disillusion.

So I ask you, who is jerkin whose chain?

His post is total propaganda and he is being called out for it. It is why we have guys selling their $450k houses for 650 BTC and friends asking others to "invest" in BTC while it was $1000. Read the comments, was very happy to see people calling him out for it. Normally if you are not giving a hand job to another bitcoiner there, you will be down voted really fast, but folks are starting to understand this scheme much better now.

Just for the record this BTC scheme isn't a total evil like many bears might sound. It just is not right according to Satoshi's paper. I also hate it that at the end of the day, a bullish moron can just get away with "well you shouldn't be listening or taking financial advice from anonymous persons on the internet". Yet there are these types of morons misleading people into the pyramid scheme that became of this whole sudden spike.

I am on top of sidechains and blockchains 2.0. Will see how it pans out, for the moment it seems like a distant future ....

There is a famous gif about what r/bitcoin is. I won't embed it here but it is https://i.imgur.com/syxjt2Z.gif

[JayJuanGee]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime! 

Doubt it. Final bottoms don't get such weak bounces.

I know that we are all speculating here... but When do you think the $340 will be retested?   in the next several hours? or over the weekend or sometime later?  It seems if they are going to retest, it is better to do it while there is some momentum.. sooner rather than later.

[seleme]

Standing order net fills:



I decided not to tamper with it this time and cancel them all as it was falling like some times before. 

Canceling orders is almost always mistake. But not as selling them immediately after buying thinking it's going down more. I could do with some 35 BTC I bought then immediately sold at 362 and 350 

[ScrapOfCat]

Where's it gonna get rough?  300, then it gets rough.

[seleme]

at least for a few minutes, that guy who dumped at $340's got to be feeling pretty stupid.

Few minutes?  If he does not buy back ASAP he could feel stupid for a lifetime! 

Doubt it. Final bottoms don't get such weak bounces.

I know that we are all speculating here... but When do you think the $340 will be retested?   in the next several hours? or over the weekend or sometime later?  It seems if they are going to retest, it is better to do it while there is some momentum.. sooner rather than later.

Not necessarily immediately but it might happen, it's been long downtrend and with China stuff neverending story you never know when it will hit again.

I don't have idea really, just doesn't look as proper bounce from final bottom and I am playing it safe this time even if it means buying higher.

[billyjoeallen]

Standing order net fills:



I decided not to tamper with it this time and cancel them all as it was falling like some times before. 

The Green Lumber Trader FTW!!! 

[JayJuanGee]

...patronizing statements ...

pots and kettles

I suppose you do NOT want to be too direct? 

So, accordingly, I do NOT understand  the significance  of your statement or your observation.

[podyx]

You guys think this is the start of the uptrend?