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

[JayJuanGee]

I might aim to increase my number of coins not by the usual 10-20% but by 50% with a little more aggressive play. Is anyone with me? PPT?  

I know that you MAY NOT care, but I would like to buy at the lowest point... Maybe $420-ish?    Anyhow, if you are going to buy several thousand coins, then you should let us go first... b/c your buying may cause the prices to go up a lot, that is if you are buying on any of the exchanges..

No I am not in a position to do that now. The market is stable and going more long would not be prudent. It's good to have cash always with which to buy at dips. This is not a dip, this is an accumulation zone, and my accumulation was done in February already.

I mean I could play more in the top formation phase, even go short if there is a service that would allow doing it with 10,000 bitcoins.

Seems that I may have misunderstood you... b/c I thought that you were considering buying more BTC b/c you considered the price to be so cheap at the moment, and maybe you were considering helping to push the BTC prices up. 

Also, if you had been following some variation of the SSS system, then possibly, you would have sufficient fiat at your disposal in order to accomplish the buying up to possibly a few thousand BTC. 

I'm just small potatoes.  I could maybe buy 10-20 additional BTC, but I prefer NOT to stretch my finances that much (or to over extend myself into BTC too much), so I was merely considering buying 3-4 additional BTC - depending on how low the prices get. 

I am getting a little nervous right now b/c the price is getting close to my buying trigger point.  I would prefer to buy below $450, but I would rather just buy instead of missing the boat, if it is NOT going to go any lower.  Also, I would prefer lower BTC prices to buy, if I become convinced that BTC prices will go lower, I may chance waiting some more.  I had been thinking there may be an additional attempts to dump over the weekend.. but maybe it will be too late to wait that long, and BTC prices will spring back into an upward direction?

[niothor]

Let me guess before I start reading 50+ pages... China again?

[GameStarter]

Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

[PoolMinor]

Let me guess before I start reading 50+ pages... China again?

http://tech.qianlong.com/33443/2014/04/25/71@9572295.htm


http://club.alipay.com/read-htm-tid-10789398.html

[niothor]

Let me guess before I start reading 50+ pages... China again?

http://tech.qianlong.com/33443/2014/04/25/71@9572295.htm


http://club.alipay.com/read-htm-tid-10789398.html

Thanks , hope those are the last ones i'll see this year .

Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

Yeah , 10 May will be like 15 April , a new term to 5 of June , then September...

[JayJuanGee]

Well maybe I misread your posts?  I see no reason for any posters to brag.. and even for posters to come out with guns ablazing in a quasi-anonymous forum.  

When  posters make extreme claims, then other posters are going to get irritated.  I thought that some of your postings were extreme and attempts at being insulting.

I would rather share actual information and real predictions rather than posturing(s), but maybe that's just me?  

Ultimately, it is up to you whether you prefer to engage in an adult dialogue, even if or when other people are throwing around derogatory comments.

I know, I know. The internet is srs bizniss.

It's whatever you make of it... There is a lot of goofing off in this thread, and no big deal, if posters are on a similar wave of mutual respect or whatever then it will be easier to work the humor into the back and forth dialogue. 

On the other hand, if posters are competing with each other or throwing out insults, then those kinds of communications can easily devolve to be fun for neither... or maybe just fun for one of the two?

I didn't brag, and I didn't make an extreme claim. If you think my opinion that a fair valuation of BTC is $300 is extreme, then I don't know what to say but let it go. No need to call me a retard or ignore me.

Possibly, it is the way the message is communicated, rather than the message. 

If you are coming out making assertions like fair value is $x, then that could seem pretty ridiculous to others, if you do NOT explain some of the recent history and various developments.  $300 seems pretty extreme on the low-side in my thinking, and I would probably put fair current valuation in the $750-$850 arena... Though I am NOT stuck with that opinion, if we were to discuss how we arrive at our calculations with a fair understanding of the history and the various developments and investments into BTC and also the fact that the market may price BTC based on future expectations including likely regulation(s) and BTC's ability to take over certain payment system functions or storage of value functions or even public ledger functions. 

If you spurt out claims of $300 without providing what would seem plausible accounting of the facts, then other posters are going to get frustrated and call you names or ignore you may be easier.  I am fairly doubtful that you are wanting to engage in a meaningful dialogue, but NEVER say NEVER... eh he hehehe...

[JayJuanGee]

Cash requires an in-person transaction with someone who has BTC.  This doesn't scale and risks those involved.  We need something else.

coinffeine.com

P2P-exchanges are coming online soon. After that, Bitcoin will be very hard to control by TPTB. I hope these kinds of panics will be history after that....maybe not

I am am looking forward to some of these decentralized type exchanges, too; however, I think that it will take a little while to get the bugs out of them.  Nonetheless, I look forward to thse kinds of developments that may resolve some of the stealing and  the manipulation and whatever else they are meant to solve.

[ShroomsKit]

Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

No. Huobi will find a different way to accept deposits which will be maybe banned after a few weeks including a new deadline. Of course.

[Erdogan]

The good news is that there is really no bad news, only confusion on a grand scale.

The hope for the future rests on the jumping jesus phenomenon.

[rpietila]

Also, if you had been following some variation of the SSS system, then possibly, you would have sufficient fiat at your disposal in order to accomplish the buying up to possibly a few thousand BTC. 

Yes, but in my thinking if it goes low enough, I can buy 5,000 or 10,000 more coins. That would affect the market

It does not really matter because if it turns decisively, I'll be rich. If it does not, I'll be OK nevertheless.

Oh, remember that I was talking like this when I sold at 700 and price was at 1100 and everybody was pressuring me that I made a bad trade  

The following 2 months I was a bear and still everyone ridiculed me.

Now I'm a bull for 2 months already, and all scorn me (price is up 10% from the point I turned bull in 2014-2-25).

Being contrarian is the way to make money.

[niothor]

Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

No. Huobi will find a different way to accept deposits which will be maybe banned after a few weeks including a new deadline. Of course.

I think that we all can agree this will probably happen , I'm looking at something like 90% chance , including the panic dump on the new ban.

[dreamspark]

Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

No. Huobi will find a different way to accept deposits which will be maybe banned after a few weeks including a new deadline. Of course.

The article that I read seems to just straight up ban all things to do with Bitcoin transactions involving the banks or payment processors including the withdrawal of funds. Theres no way for them to accept deposits, surely even Bitcoin ATM vendors shouldnt be allowed to be in business as they are payment processors but even if they get around that they get caught up in the not being able to deal in fund recharge or withdrawal.

[Cassius]

Cash requires an in-person transaction with someone who has BTC.  This doesn't scale and risks those involved.  We need something else.

coinffeine.com

P2P-exchanges are coming online soon. After that, Bitcoin will be very hard to control by TPTB. I hope these kinds of panics will be history after that....maybe not

I am am looking forward to some of these decentralized type exchanges, too; however, I think that it will take a little while to get the bugs out of them.  Nonetheless, I look forward to thse kinds of developments that may resolve some of the stealing and  the manipulation and whatever else they are meant to solve.

They look awesome: true bitcoin-style solution to the problems of centralisation.
I can't quite work out how the bank transfers will actually happen without the third party. If it does work well, presumably the Chinese will flood in...

[rpietila]

I think that we all can agree this will probably happen , I'm looking at something like 90% chance , including the panic dump on the new ban.

Since we are so bored, how about remembering 2012?

What were the news and developments that pressured the price back then? Is it possible to repeat?

Is it just that a certain % of existing holders sell every month out of boredom, to keep the newcomers supplied, price is sticky, nothing happens, it can go on and on, until it doesn't.

Notable sticky periods would be 2009-6/2010 (<0.01 all the time, violently broke upwards when MtGox), early 2012 (5), actually all of 2012 (5-13) and mid-2013 (100-130).

If we are not out of the woods by July, perhaps that would trigger more selling. In the end, it does not matter, because adoption will decide the value of bitcoin, and nothing is more powerful than an idea whose time has come.

[dreamspark]

The asks havent really filled in so I wouldnt be suprised to see this go shooting back up with a couple of big buys.

[JayJuanGee]

Also, if you had been following some variation of the SSS system, then possibly, you would have sufficient fiat at your disposal in order to accomplish the buying up to possibly a few thousand BTC. 

Yes, but in my thinking if it goes low enough, I can buy 5,000 or 10,000 more coins. That would affect the market

It does not really matter because if it turns decisively, I'll be rich. If it does not, I'll be OK nevertheless.

Oh, remember that I was talking like this when I sold at 700 and price was at 1100 and everybody was pressuring me that I made a bad trade  

The following 2 months I was a bear and still everyone ridiculed me.

Now I'm a bull for 2 months already, and all scorn me (price is up 10% from the point I turned bull in 2014-2-25).

Being contrarian is the way to make money.

Yep... I read some of your old posts (mostly in the SSS thread but also several in your diary thread) , and certainly, I could see from where you were coming in some of your contemporary prediction posts, and one of the risks of making timely prediction  posts will be that there are  going to be uncertainties as to when or how much to buy/sell exactly... or determining how far above or below the trendline you believe that BTC prices are and the extent to which such BTC prices may or may NOT be sustainable.

And, sometimes, there is also going to be some reassessment or maybe even shifting of the price prediction model.  We are all working with incomplete information; however, some posters have different analysis tools in their background and some plans work better than others to achieve the various goals of the person affected by his/her investment choices.

[JayJuanGee]

Let me guess before I start reading 50+ pages... China again?

yes China give us back our freedom after 10 May

No. Huobi will find a different way to accept deposits which will be maybe banned after a few weeks including a new deadline. Of course.

I think that we all can agree this will probably happen , I'm looking at something like 90% chance , including the panic dump on the new ban.

I agree that will happen, so long as NO real major investor does NOT come into the bitcoin space.  On the other hand, if we get some news regarding some major investor into the bitcoin space... then the Chinese news will NOT affect bitcoin prices so much. 

I doubt that BTC prices are going to completely detach from Chinese involvement, b/c the Chinese are going to remain in bitcoin.  They just may become a lesser factor over time.  Hopefully.. b/c they do seem to have a tendency to manipulate through their ambiguities Whether purposefully or NOT)

[JayJuanGee]

Cash requires an in-person transaction with someone who has BTC.  This doesn't scale and risks those involved.  We need something else.

coinffeine.com

P2P-exchanges are coming online soon. After that, Bitcoin will be very hard to control by TPTB. I hope these kinds of panics will be history after that....maybe not

I am am looking forward to some of these decentralized type exchanges, too; however, I think that it will take a little while to get the bugs out of them.  Nonetheless, I look forward to thse kinds of developments that may resolve some of the stealing and  the manipulation and whatever else they are meant to solve.

They look awesome: true bitcoin-style solution to the problems of centralisation.
I can't quite work out how the bank transfers will actually happen without the third party. If it does work well, presumably the Chinese will flood in...

My understanding is that there are a variety of possibilities but one is form of marking transactions and using bitcoins as collateral.. anyhow, there would be no need to change in and out of actual fiat once you have bitcoin (except at the very beginning or the end end if you were to want to cash out for fiat or buy more BTC with Fiat - but you would use your regular channels for that.   I'm sure that there will be varying competitive models, in the beginning.

[pblack4]

Without positive news on mtgox front, adoption will slowly fade and bitcoin value will drop to single digit. Only savegox or similar proposal and the discovery of what really happened at mtgox can save bitcoin and resume its run to $10K-$100K

[dreamspark]

Without positive news on mtgox front, adoption will slowly fade and bitcoin value will drop to single digit. Only savegox or similar proposal and the discovery of what really happened at mtgox can save bitcoin and resume its run to $10K-$100K

Yeah cause mtgox = Bitcoin. ZZZ get some new FUD.