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

[ShroomsKit]

Another dump soon?

What's so special about 580-600 that we can't cross it?

[ShroomsKit]

Can someone make a browser plugin or something that will completely remove that Stolfi guy his name and posts?

[ChartBuddy]

Explanation

[aminorex]

Huge surge in thread pages -- next stop 7000

I think we are going to hit an thread page count ATH in the next 3 days ...very bullish on thread page count

I'm extremely bullish on this thread's page count.  To the moon!!

I dunno.  Remember the goat incident?  The Great Page Count Crash of 2014.  But...magic monkey refuses to comment on page counts.  Since Monkey mostly only does reversals, that's pro-trend.

[byronbb]

Another dump soon?

What's so special about 580-600 that we can't cross it?

$560 is support level imo. We busted the long term down trend at $480 and smashed though $560 pretty readily. There has been some resistance to $600, testing twice, but the market is at odds so we are going sideways. Next resistance point $625 so if we stay above $560 and consolidate we should see another move up.

[derpinheimer]

I smell $600

[YipYip]

Another dump soon?

What's so special about 580-600 that we can't cross it?

$560 is support level imo. We busted the long term down trend at $480 and smashed though $560 pretty readily. There has been some resistance to $600, testing twice, but the market is at odds so we are going sideways. Next resistance point $625 so if we stay above $560 and consolidate we should see another move up.

I feel another leveraged cleaner dump coming on :/

[ShroomsKit]

Another dump soon?

What's so special about 580-600 that we can't cross it?

$560 is support level imo. We busted the long term down trend at $480 and smashed though $560 pretty readily. There has been some resistance to $600, testing twice, but the market is at odds so we are going sideways. Next resistance point $625 so if we stay above $560 and consolidate we should see another move up.

I feel another leveraged cleaner dump coming on :/

We're not going up anymore so someone will start dumping for sure.

[ChartBuddy]

Explanation

[sidhujag]

I really want the bitcoin price to skyrocket. I am saving up for a triple monitor setup and right now i have ~0.23 BTC, and I want the price to be at LEAST 1000$ when I cash out, until then, I won't be cashing out, and I will be left with less money to spend...

0.23BTC @ 1000$ won't even buy you 1 really good monitor. Why would you need 3 monitors to watch the price?

No but how about a 47" hdtv monitor for $0.07 lol http://devcoinauctions.com/blog/auction/lg-47ln5700-smart-tv-47-1080p-120hz-led/

[FNG]

Another dump soon?

What's so special about 580-600 that we can't cross it?

$560 is support level imo. We busted the long term down trend at $480 and smashed though $560 pretty readily. There has been some resistance to $600, testing twice, but the market is at odds so we are going sideways. Next resistance point $625 so if we stay above $560 and consolidate we should see another move up.

I feel another leveraged cleaner dump coming on :/

We're not going up anymore so someone will start dumping for sure.

I sense a rally towards recent highs

[edwardspitz]

Another dump soon?

What's so special about 580-600 that we can't cross it?

$560 is support level imo. We busted the long term down trend at $480 and smashed though $560 pretty readily. There has been some resistance to $600, testing twice, but the market is at odds so we are going sideways. Next resistance point $625 so if we stay above $560 and consolidate we should see another move up.

I feel another leveraged cleaner dump coming on :/

We're not going up anymore so someone will start dumping for sure.

Now is a good time to start increasing your BTC stash imo (if you were trading  )

[greenlion]

Could you post in point form (as you have done above) why you are skeptical on the long term success of bitcoin? I have seen you criticizing bitcoin but other than saying its success is limited, you do not seem to say why. It would be insightful to understand the reasons of failure from your point of view.

The "reason" is that there's people here that think otherwise that serve as an audience. I've never seen anything of any real substance other than pompous bluster.

[ChartBuddy]

Explanation

[vfeyoyo]

nothing to do w/ huobi.  and I apologize but I looked online but could not find anything. Is the mercadobitcoin ticker not being updated? the price hasn't changed in a while and its stuck at 1426.00. or is it just under dev. still?
thanx

[ErisDiscordia]

2. Thanks again for the offer, but I would rather not have any bitcoins, and I do not intend to help distributing bitcoins to anyone, my students or not.  I am sure you will find charities or other worthy projects that will make much better use of the money.

Very predictable reaction. I have to wonder, though: I can understand you being reluctant to use your own money the money given to you by the government to buy bitcoins if you think the technology will fail. I can even understand yourself declining offers for free bitcoins, because of your seeming conviction that if you use it just even once, your objective judgement will be forever clouded. Which I personally think is some of the biggest bullshit I've ever seen on these forums, but hey I like bullshit - see my signature.

But what about distributing free bitcoins to other people? What is your rationalization for declining that offer? That there are "better uses" for the money? Please kindly let the owners of said money be the judge of that. Or are you afraid, that people will get hooked on it, just like if we offered them free heroin? You want to protect them from themselves, because you're convinced you know best what's good for other people? How about letting them form their own opinion? If you're so sure that your opinion is right, they'd probably just validate it by forming the same one.

I think your reasons are different. Even though your pride and your posting track record will never allow it, at some level you realize that your opinion might be wrong. And you fear the embarrassment of your students becoming enthusiastic about the technology. So you would deny them the option to form their own opinions just to protect your pride. I am calling you out on this because I think it's quite pathetic.

[sidhujag]

2. Thanks again for the offer, but I would rather not have any bitcoins, and I do not intend to help distributing bitcoins to anyone, my students or not.  I am sure you will find charities or other worthy projects that will make much better use of the money.

Very predictable reaction. I have to wonder, though: I can understand you being reluctant to use your own money the money given to you by the government to buy bitcoins if you think the technology will fail. I can even understand yourself declining offers for free bitcoins, because of your seeming conviction that if you use it just even once, your objective judgement will be forever clouded. Which I personally think is some of the biggest bullshit I've ever seen on these forums, but hey I like bullshit - see my signature.

But what about distributing free bitcoins to other people? What is your rationalization for declining that offer? That there are "better uses" for the money? Please kindly let the owners of said money be the judge of that. Or are you afraid, that people will get hooked on it, just like if we offered them free heroin? You want to protect them from themselves, because you're convinced you know best what's good for other people? How about letting them form their own opinion? If you're so sure that your opinion is right, they'd probably just validate it by forming the same one.

I think your reasons are different. Even though your pride and your posting track record will never allow it, at some level you realize that your opinion might be wrong. And you fear the embarrassment of your students becoming enthusiastic about the technology. So you would deny them the option to form their own opinions just to protect your pride. I am calling you out on this because I think it's quite pathetic.

Whats even worsed is hes on a bitcoin forum posting daily about something he doesnt believe in lol classic trollism 101...

[zby]

By the way - what is the current status of the Chinese exchanges? Are they cut out from the banking system and use HuobiCNY and such?

[JorgeStolfi]

2. Thanks again for the offer, but I would rather not have any bitcoins, and I do not intend to help distributing bitcoins to anyone, my students or not.  I am sure you will find charities or other worthy projects that will make much better use of the money.

But what about distributing free bitcoins to other people? What is your rationalization for declining that offer?  Or are you afraid, that people will get hooked on it, just like if we offered them free heroin? You want to protect them from themselves, because you're convinced you know best what's good for other people? How about letting them form their own opinion?

If I am fairly skeptical (to put it mildly) that bitcoin will succeed, why should I HELP you get other people into it?

I am not preventing you from doing anything, and in fact (unfortunately) there are already plenty of bitcoin "salesmen" here in Brazil.  Surely all our students have learned about bitcoin, and well before I did.  I hope they are smart enough to see through the hype, but they are adults and will make their own minds. (The "salesmen" are after other kind of people, however.) Brazilian hackers have created at least three altcoins already, and we have a good choice of bitcoin scams, popped or ongoing.

[Gimmelfarb]

By the way - what is the current status of the Chinese exchanges? Are they cut out from the banking system and use HuobiCNY and such?

i don't think so. i haven't heard anything about that, as far as banking options being cut. seems like everything just continued as usual. last i heard, all options were more or less still available and the status quo hasn't changed. puts a nice cloud of mystery over the whole market....