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

[Erdogan]

I´m more and more certain, that the so called "reversal" from 340$ was in fact NOT a real reversal. It looks more and more like a huge bulltrap, i wish i had cashed out and cut my losses when we have been @ 680$. However i think it is NOT too late to sell now. I should have listened to JorgeStolfi and mmitech instead of writing huge amounts of pointless nonsense in the last weeks. I do NOT recommend everybody that he should sell, but in the short and midterm it looks like 680$ or has been the peak for this year.  I will sell half of my stuff now and the other 2 BTC when we eventually reach 600-610$ in the next small bulltrap.

Cute, but it only works so many times.

[esse83]

I should have listened to JorgeStolfi and mmitech instead of writing huge amounts of pointless nonsense in the last weeks.

Coming from a guy with 2 posts.

[Bagatell]

I should have listened to JorgeStolfi and mmitech instead of writing huge amounts of pointless nonsense in the last weeks.

Coming from a guy with 2 posts.

and an alias or two..

[aminorex]

Well, I'm pretty sure I nearly got ignored by chalkbot, but my monkey is bearish on almost all timescales now.

Many months?

On a monthly scale is he as bullish as a really bullish thing -- bullish out 9 to 15 months.  It would take a lot of damage to change that.
He is still bullish on a weekly scale, with a 4 to 16 week horizon.  It would take less damage to change this view.
It's daily and shorter scales where he is all hunkered down and puckered up.

[xyzzy099]

Well, I'm pretty sure I nearly got ignored by chalkbot, but my monkey is bearish on almost all timescales now.

Many months?

On a monthly scale is he as bullish as a really bullish thing -- bullish out 9 to 15 months.  It would take a lot of damage to change that.
He is still bullish on a weekly scale, with a 4 to 16 week horizon.  It would take less damage to change this view.
It's daily and shorter scales where he is all hunkered down and puckered up.

[JayJuanGee]

Just replace what you use.

I know you are right but I just can't bring myself to spend any right now.

ONE of my obstacles in spending is the potential accounting problem to have to keep track... since it is supposed to be treated as property.

My solution is either to replace as I spend, and therefore say I did NOT claim it as profit b/c I replaced what I had spent... or I can spend it overseas (outside of the USA), which would cause me NOT to have to claim a profit.

Also, I am disinclined to sell now, anyway b/c at this point my portfolio remains in the red with a $613 average BTC price.

The accounting...how can the dominators possibly expect people to do that? Do you see people at large keeping tabs on everything they spend and earn. Private double book-keeping? Assuming bitcoins further progress, not possible.

Just say no.

Who really knows?   It seems to be a slippery slope, and to me it seems that legally, one is required to report every single sale of bitcion.  And, there may be a difference if you do NOT have anything to lose; however, if you have a large number of assets, it could be fairly risky to fail to report - and all of the BTC that I have acquired through coinbase would be known or potentially knowable to the IRS>.... NOT like I can hide that.  ... then the slippery slope would be when to report... a $10 transaction or $100 transaction or a $1000 or some other amount? 

If you are potentially dealing with large amounts of profits being cashed out in bitcoin, then it could be a problem when you have a lot of bitcoin wealth to be potentially subject to prison for tax evasion... who wants that?  NOT this cat.

[Nightowlace]

I´m more and more certain, that the so called "reversal" from 340$ was in fact NOT a real reversal. It looks more and more like a huge bulltrap, i wish i had cashed out and cut my losses when we have been @ 680$. However i think it is NOT too late to sell now. I should have listened to JorgeStolfi and mmitech instead of writing huge amounts of pointless nonsense in the last weeks. I do NOT recommend everybody that he should sell, but in the short and midterm it looks like 680$ or has been the peak for this year.  I will sell half of my stuff now and the other 2 BTC when we eventually reach 600-610$ in the next small bulltrap.

You are quoting the fake JJG here I believe.  Bad form Jorge.

You're quoting the fake Jorge

[JayJuanGee]

I´m more and more certain, that the so called "reversal" from 340$ was in fact NOT a real reversal. It looks more and more like a huge bulltrap, i wish i had cashed out and cut my losses when we have been @ 680$. However i think it is NOT too late to sell now. I should have listened to JorgeStolfi and mmitech instead of writing huge amounts of pointless nonsense in the last weeks. I do NOT recommend everybody that he should sell, but in the short and midterm it looks like 680$ or has been the peak for this year.  I will sell half of my stuff now and the other 2 BTC when we eventually reach 600-610$ in the next small bulltrap.

...

would really appreciate it if you didn't pretend to be other members and quit trolling so hard.

I predict that Adam is going to convert from friendly smiling beer-distributing penquin to ruthless, ass-kicking penquin.    To occur when many of us we were beginning to think that penquins were so nice, gentle and cuddly.     

[xyzzy099]

I´m more and more certain, that the so called "reversal" from 340$ was in fact NOT a real reversal. It looks more and more like a huge bulltrap, i wish i had cashed out and cut my losses when we have been @ 680$. However i think it is NOT too late to sell now. I should have listened to JorgeStolfi and mmitech instead of writing huge amounts of pointless nonsense in the last weeks. I do NOT recommend everybody that he should sell, but in the short and midterm it looks like 680$ or has been the peak for this year.  I will sell half of my stuff now and the other 2 BTC when we eventually reach 600-610$ in the next small bulltrap.

You are quoting the fake JJG here I believe.  Bad form Jorge.

You're quoting the fake Jorge

So I am.  Bad form, Me.

[ChartBuddy]

Explanation

[keithers]

We are looking pretty green today, but still have a little work to do to get back into the $600 range.  A couple decent sized purchases would much through the current sell wall on Stamp.

[Gingermod]

1W MACD still green

[empowering]

I think that is supposed to represent me in the pic (by the way that is NOT me), getting my face smacked by a halibut that is NOT a halibut.  

Calling Dr. Cassius!  Dr. Cassius, does the subjects cognitive apprehension of the concept of external representation of self constitute evidence of some vestigial functioning mirror neuron activity, or is this merely a Skinner-box effect?

 

Dr Aminorex. I stooped and my pregenual anterior cingulate cortex informs me that I should not have done. (It always was an overactive little illegitimate child.)
There is no need for you to do the same.

Cassius and Aminorex ...I really like you guys... when this all plays out... drinks are on me ...at a place where there are drinks and sunshine and bikinis : )

edit: fuck it JayJuanGee and Jorge you are invited too!

[Wary]

Frankly, civil obedience is the worst problem facing the U.S. today.

+1

[fonzie]

Bitstamp  500BTC market sell Gogogo
Liquidity going down the tubes.

[empowering]

Just replace what you use.

I know you are right but I just can't bring myself to spend any right now.

ONE of my obstacles in spending is the potential accounting problem to have to keep track... since it is supposed to be treated as property.

My solution is either to replace as I spend, and therefore say I did NOT claim it as profit b/c I replaced what I had spent... or I can spend it overseas (outside of the USA), which would cause me NOT to have to claim a profit.

Also, I am disinclined to sell now, anyway b/c at this point my portfolio remains in the red with a $613 average BTC price.

The accounting...how can the dominators possibly expect people to do that? Do you see people at large keeping tabs on everything they spend and earn. Private double book-keeping? Assuming bitcoins further progress, not possible.

Just say no.

It is amazing what technology can do... think about it....

[keithers]

416BTC just dumped off on Stamp at $485.   Pricing held pretty strong, as we stuck at $592

[Parazyd]

If we would just start rallying up, that'd be great.

I'm getting sick of all the sideways (not)movement.

[fonzie]

416BTC just dumped off on Stamp at $485.   Pricing held pretty strong, as we stuck at $592

20BTC strong bid holdin above 590$
87BTC strong bid holdin above 585$

Market definitely  looks strong  

[CEG5952]

416BTC just dumped off on Stamp at $485.   Pricing held pretty strong, as we stuck at $592

20BTC strong bid holdin above 590$
87BTC strong bid holdin above 585$

Market definitely  looks strong  

All depends on China, though. No one dares follow because Huobi didn't even flinch at that dump. And we all know once Huobi turns, it'll be a race to panic buy.