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

[Dump3er]

Your username seems properly chosen. You are very wrong though

I'm never wrong! You'll see...

Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down

My so sophisticated and very accurate TA skills, are going far beyond falling triangles and my prophesys are always true. In few weeks you'll bow down and ask:

How did you know this, Dumpe3r?! Could you teach me your TA?

[wachtwoord]

Your username seems properly chosen. You are very wrong though

I'm never wrong! You'll see...

Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down

My so sophisticated and very accurate TA skills, are going far beyond falling triangles and my prophesys are always true. In few weeks you'll bow down and ask:

How did you know this, Dumpe3r?! Could you teach me your TA?

When given the opportunity I'd advice you not to bet on that

[madmat]

Your username seems properly chosen. You are very wrong though

I'm never wrong! You'll see...

Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down

My so sophisticated and very accurate TA skills, are going far beyond falling triangles and my prophesys are always true. In few weeks you'll bow down and ask:

How did you know this, Dumpe3r?! Could you teach me your TA?

A new self-proclaimed expert.  

Price will go down. SELL SELL SELL.

[empowering]

If you had described the situation to Orwell, he wouldn't have believed it.

You're right, on the other hand Huxley had foreseen precisely this exact scenario.

[Nightowlace]

Your username seems properly chosen. You are very wrong though

I'm never wrong! You'll see...

Saying that 'because the last 4 small triangles broke to the downside the closing of the next big one will break to the downside too' is wrong. No mater whether it actually breaks up or down

My so sophisticated and very accurate TA skills, are going far beyond falling triangles and my prophesys are always true. In few weeks you'll bow down and ask:

How did you know this, Dumpe3r?! Could you teach me your TA?

When given the opportunity I'd advice you not to bet on that

You should bet all in on your prediction. Youll be hugely rewarded or at least we can get rid of you early when youre wrong.

[sickpig]

If you had described the situation to Orwell, he wouldn't have believed it.

You're right, on the other hand Huxley had foreseen precisely this exact scenario.

lol'ed at first...

[Hawkix]

At least the non-flat UI returns in future. Good news to me.

[thezerg]

Its as if the market, on whole, really wants to go down. Right now, there is selling action and almost no buying action outside of this wall.

Throughout the "mini-bubble" that started on May 20, until a week ago, I see the price as having drifted down most of the time.  Until a week ago, the price was pushed up and then sustained by a few sparse events of concentrated buying.  Since last week there seems to be a more calibrated effort to keep the price just above 3600 CNY/580 USD, by continuous buying around that level. That huge wall at 3600 on Huobi may be part of that effort. At least, that is my impression.  Without that stabilization effort, I would expect the price to continue drifting down towards the mid-May level.

In my experience, this is normal behavior when there is not significant media attention.  Price is generally drifting down due to mining inflation.  Small players (general public) are not adopting in sufficient numbers to offset the mining inflation because we are between media attention cycles.  But large and institutional players (professionals) have long memories so they are investing.  Their decisions to invest tend to cause concentrated buying because its not worth their time unless they put in many millions.  

[Dump3er]

...when youre wrong.

What?

Even to take in considaration that I could be wrong...

[tabnloz]

If you had described the situation to Orwell, he wouldn't have believed it.

You're right, on the other hand Huxley had foreseen precisely this exact scenario.

I think it's a poisonous mix of their two versions, almost a Matrix style blending.

The NSA logs everything while the population gets fat & dies, pill popping to the Kardashians theme song.

(note: i haven't read upthread, hoping this refers to Orwell & Huxley's visions of the future in 84 & BNW.)

[tabnloz]

...when youre wrong.

What?

Even to take in considaration that I could be wrong...

Stereotyping, yes....... but "prophesys" and "considaration" don't fill me with hope as to your trading skills.

[sickpig]

(note: i haven't read upthread, hoping this refers to Orwell & Huxley's visions of the future in 84 & BNW.)

yep

[mooncake]

At Stamp, the key price is 582.99. If that guy can survive the regular buying (by topping it up constantly), then the price will hold. Otherwise, if he runs out of coin, we might see choo choo!

[nanobrain]

If you had described the situation to Orwell, he wouldn't have believed it.

You're right, on the other hand Huxley had foreseen precisely this exact scenario.

lol'ed at first...

No, Huxley wouldn't have believed it either...and 30 years ago no-one would.  But then someone realised: you don't impose the totalitarian nightmare, you market it to people.

*all the other dumb comments*

Gosh, so many self-proclaimed smart men "ahead of the curve" and "libertarians", who defend rescinding their basic human rights (the right to privacy) and the corporations who persuaded them to do so.  

Viva Bitcoin.  <--- more sarcasm for those who can't recognise it.

[ChartBuddy]

Explanation

[sickpig]

If you had described the situation to Orwell, he wouldn't have believed it.

You're right, on the other hand Huxley had foreseen precisely this exact scenario.

http://www.marketoracle.co.uk/images/2009/Dec/google2084-thumb.jpg

lol'ed at first...

No, Huxley wouldn't have believed it either...and 30 years ago no-one would.  But then someone realised: you don't impose the totalitarian nightmare, you market it to people.

Brave New World Revisited (Harper & Brothers, US, 1958; Chatto & Windus, UK, 1959),[33] written by Huxley almost thirty years after Brave New World, was a non-fiction work in which Huxley considered whether the world had moved toward or away from his vision of the future from the 1930s. He believed when he wrote the original novel that it was a reasonable guess as to where the world might go in the future. In Brave New World Revisited, he concluded that the world was becoming like Brave New World much faster than he originally thought.

Huxley analysed the causes of this, such as overpopulation as well as all the means by which populations can be controlled. He was particularly interested in the effects of drugs and subliminal suggestion. Brave New World Revisited is different in tone because of Huxley's evolving thought, as well as his conversion to Hindu Vedanta in the interim between the two books.

The last chapter of the book aims to propose action which could be taken to prevent a democracy from turning into the totalitarian world described in Brave New World. In Huxley's last novel, Island, he again expounds similar ideas to describe a utopian nation, which is generally known as a counterpart to his most famous work.

[Dump3er]

At Stamp, the key price is 582.99. If that guy can survive the regular buying (by topping it up constantly), then the price will hold. Otherwise, if he runs out of coin, we might see choo choo!

This guy! This one guy...

Yesterday I sold a bitcoin on Huobi to buy it back on 3600 yuan support.

Since it is always one guy buying or selling all the shitloads of coins, I'll post my trading log here when it's filled (blacking the bought amount)!

And than, I'M THIS GUY!

Ha! Bow down bitstamp or I'll dump it to you only to troll the market!

[madmat]

At Stamp, the key price is 582.99. If that guy can survive the regular buying (by topping it up constantly), then the price will hold. Otherwise, if he runs out of coin, we might see choo choo!

This guy! This one guy...

Yesterday I sold a bitcoin on Huobi to buy it back on 3600 yuan support.

Since it always one guy buying or selling all the shitloads of coins, I'll post my trading log here when it's filled (blacking the bought amount)!

And than, I'M THIS ONE GUY!

Ha! Bow down bitstamp or I'll dump it to you only to troll the market!

A newcomer in my ignore list.

[mooncake]

Could it be that someone from the 2011 era is selling the old coins?  

[madmat]

At Stamp, the key price is 582.99. If that guy can survive the regular buying (by topping it up constantly), then the price will hold. Otherwise, if he runs out of coin, we might see choo choo!

This wall is being eaten. Down from 78 to 42btc.