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

[N12]

Never said he's wrong. You said he's the best trader on TradingView, I implied it's weird that the best trader experienced an 80% drawdown thanks to leverage.

Not sure if it's actually the same guy.

I think "Idiot McMargincall" just quoted the tradingview guy, kinda like a rallying cry.

(emphasis on "crying")

He at least claims to be: http://www.reddit.com/r/BitcoinMarkets/comments/23k3dt/ive_been_projecting_a_continuation_of_this_rally/cgxuqou

AFAIK he also has managed to have a 80% drawdown from 35k to 7.5k recently. Regardless of his current prediction and its outcome, if this kind of discipline is what the best BTC trader on TradingView has to offer, I wonder what the others look like.

Says the guy who said bitcoin would collapse at $70.  Come on man, tell us why he's wrong? Lol

I said it would collapse at 130; it did collapse, yet not as far as I thought. It also didn't cause me to suffer any losses. Not that this ad hominem has to do with the argument.

Why are you being so frantically antagonistic of late?

Maybe you didn't suffer any losses, but you were so loud the days before that probably quite a few users suffered listening your "smart" moderator statements. Got the point?

Sorry to anybody who shorted solely based on what I said and didn't employ risk management on the position. I am also sorry if the "Moderator" or "Hero Member" or "Donator" titles lend some sort of authority; I'd take them off for most of my posts if I could. Someone suggested I create an alt account and post on that one, perhaps that would be the way to go since people are taking so much issue with it.

At the same time, I always advised against leverage and shorting, but I guess that doesn't count.

Shame we have to keep derailing debates towards ad hominem attacks.

Edit: Also sorry for saying "the best" when it was indeed "one of the best", I misremembered the quote.

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[MoreFun]

Maybe you didn't suffer any losses, but you were so loud the days before that probably quite a few users suffered listening your "smart" moderator statements. Got the point?

It's the responsibility of the reader to make their own decisions. Ultimately his is just another opinion among trillions of them.

Go tell this to 80%+ of this forum.

[gentlemand]

Maybe you didn't suffer any losses, but you were so loud the days before that probably quite a few users suffered listening your "smart" moderator statements. Got the point?

It's the responsibility of the reader to make their own decisions. Ultimately his is just another opinion among trillions of them.

Go tell this to 80%+ of this forum.

I'll give it a whirl and report back to you.

[CoinHamster]

I think this guy missed the crash and now tries to push up to $590 with this spread "opinion" to sell his coins.
then we will go back to regular downtrend for the next days...
 

[MoreFun]

I think this guy missed the crash and now tries to push up to $590 with this spread "opinion" to sell his coins.
then we will go back to regular downtrend for the next days...

He will need to push much further to sell his coins in black (around $700 i think).

[CoinHamster]

I think this guy missed the crash and now tries to push up to $590 with this spread "opinion" to sell his coins.
then we will go back to regular downtrend for the next days...

He will need to push much further to sell his coins in black (around $700 i think).

but it's interesting how his posting pushed the chart 
 

[oda.krell]

Are we piling onto Blitz because he's a mod/Hero and made a bad call, and some in here might have followed it? Are we really doing that? When all throughout the last bear market there was page after page of bullish hybris, "buy all you can, never will be as cheap as now!", "we've hit rock bottom. take a loan on your grandmother to buy moar!", by newbie, senior and hero members alike. Yeah, I thought as much.

EDIT: ... also agreed on the windjc weirdness. Don't know what happened, but I remember a few interesting discussions with you. Now it's down to antagonistic one-liners.

[Stevenrm87]

Who do you guys think dumped the 60K Litecoins earlier today? Miner ? Early Adopter? or Someone who bought within the last year and is now sad cakes?

[ChartBuddy]

Explanation

[Raystonn]

Who do you guys think dumped the 60K Litecoins earlier today? Miner ? Early Adopter? or Someone who bought within the last year and is now sad cakes?

Someone who realized alt coins can't compete with Bitcoin.  Oh, and wrong subforum.

[STT]

LTC is being affected by asic so maybe parallels to btc as of last year this time?  I seem to remember the price was pretty depressed over the summer and gave no reflection of future moves

[seleme]

Never said he's wrong. You said he's the best trader on TradingView, I implied it's weird that the best trader experienced an 80% drawdown thanks to leverage.

Not sure if it's actually the same guy.

I think "Idiot McMargincall" just quoted the tradingview guy, kinda like a rallying cry.

(emphasis on "crying")

He at least claims to be: http://www.reddit.com/r/BitcoinMarkets/comments/23k3dt/ive_been_projecting_a_continuation_of_this_rally/cgxuqou

AFAIK he also has managed to have a 80% drawdown from 35k to 7.5k recently. Regardless of his current prediction and its outcome, if this kind of discipline is what the best BTC trader on TradingView has to offer, I wonder what the others look like.

Says the guy who said bitcoin would collapse at $70.  Come on man, tell us why he's wrong? Lol

I said it would collapse at 130; it did collapse, yet not as far as I thought. It also didn't cause me to suffer any losses. Not that this ad hominem has to do with the argument.

Why are you being so frantically antagonistic of late?

Maybe you didn't suffer any losses, but you were so loud the days before that probably quite a few users suffered listening your "smart" moderator statements. Got the point?

Sorry to anybody who shorted solely based on what I said and didn't employ risk management on the position. I am also sorry if the "Moderator" or "Hero Member" or "Donator" titles lend some sort of authority; I'd take them off for most of my posts if I could. Someone suggested I create an alt account and post on that one, perhaps that would be the way to go since people are taking so much issue with it.

At the same time, I always advised against leverage and shorting, but I guess that doesn't count.

Shame we have to keep derailing debates towards ad hominem attacks.

Edit: Also sorry for saying "the best" when it was indeed "one of the best", I misremembered the quote.

You were troll last summer. Nothing more, nothing less.

You have nice posts these days, some of them pretty informative but last summer you were fonzie with moderator sign by his name and nothing else.

[MatTheCat]

I'd prefer to hear a rundown of the Jesus thing.  Any takers?

You would as you never provide TA.

Ok.  Here's the best I can do.  Resistance at 580.  Current price at 580.  I'll believe this is a rally if it breaks through on high volume.

C'mon tae fuck guys....this is easy TA:



That is from Bitstamp and I will just take this opportunity to state that what the other charts are doing is irrelevant. Bitstamp is where all the liquidity is and the exchange the whales trust the most. No leveraged trading on Stamp, no insider Stop Loss farming (using fake volume to trigger orders) on Stamp which skews the charts and the indicators. What is happening is a bear flag scenario. We are currently in the 4th drive of that flag with momentum indicators on lower time frames starting to look a bit maxed out with the expected signs of bearish divergences as might be expected from such a low volume rise, punctuated with some bear dropping 500 BTC bombs into Bid Wall. We will likely correct back a bit from here, before rallying again to get up and meet trendline, at which point the 4th swing will have completed, and we will be looking at going back down to test support and on the next occasion, probably break through it to find lower lows.

This has been my prognosis since the before the break down. This is why I went short on what will be my last ever BFX short trade at $600, only to have my stop farmed by the exchange in final 'Fuck You' rally to $615, where spot price stayed on Bitfinex for 2 seconds, before being back down at $600 within the hour. Bitcoinsrus contacted me by PM when we were breaking $580 a couple of days ago. I told him that $580 would be a good short, but I didn't think we were going to be putting in any brutal low. I advised my m8 yesterday to take a position at $560, which I believed would be good until about $585-$590. So I have been calling things pretty good recently so how much dosh have I made?

Let me see, -$150 on Short Trade due to both getting my Stop triggered and then further swindled by exchange front running Ask wall and pushing my Stop order up $8 per BTC.
and then -$30 Bitstamp fees on long I entered at $560, and then left at $560 after 500 BTC dropping whale gave me cold feet.

I have been calling market pretty well and only lost around $200!

Hooray for being a Shit trader! (my mate made a few pennies though)

[Raystonn]

C'mon tae fuck guys....this is easy TA:

It's also easy TA to provide a chart that shows the opposite.  You'd do better to zoom out a bit and look at the longer term trend.

[seleme]

some known early adopters are dumping, and many  other adopters/investors/developers are slowly losing faith (one of them speaking), Bitcoin needs another bubble ASAP, bubbles are the only thing keeps Bitcoin ongoing.

Bitcoin days destroyed says differently.

So please shut up.

Hows litecoin doing, btw?

Its like two of you changed your heads in last few weeks. You were as annoying 2 months ago as he is now  

Dude, wtf are you talking about?  I never pumped litecoin.

If you are referring to when I was a bear while the trend was down, then sorry I annoyed you.

You were a bear at last like 100$ of downtrend and was calling 300 to not hold while we were in accumulation phase at 440-450$. YOu shorted 700 coins at 460-470 ffs 

[MatTheCat]

C'mon tae fuck guys....this is easy TA:

It's also easy TA to provide a chart that shows the opposite.  You'd do better to zoom out a bit and look at the longer term trend.

At this moment in time I am not interested in the longer term. I am interested in the next few days-week.

[Nicholas-Carraway]

Yeah, what Mat said.

[JorgeStolfi]

would [ the USMS ] even sell gold bouillon if it was reprocessed or just hold on to it?

I believe that any seized currency, US or foreign, is sent straight to the Treasury, since they know how to handle it.  I don't know about gold (or silver) in  bulk, but I would bet that they do the same, for the same reason.  The purpose of auctions is to convert other kinds of property -- cars, houses, jewelry, equipment, bitcoins, etc. -- into dollars so that they can be sent to the Treasury too.

[Torque]

I've noticed a trend on this subforum.  

In an uptrend, if the price is going down, the bears are nowhere to be found on this sub.  But when the price starts to go up (mysteriously), the bears swoosh in with their charts and bullshit TA and try to tell you why it's all a mirage and we're going to be going down again soon.

 

[seleme]

I've noticed a trend on this subforum.  

If the price is going down, the bears are nowhere to be found on this sub.  But when the price starts to go up (mysteriously), the bears swoosh in with their charts and try to tell you why it's all a mirage and we're going to be going down again soon.

 

Ive noticed one thing - 99.9999% of this forum posts what fits their current positions