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

[ChartBuddy]

Explanation

[1714601673]

1714601673

[1714601673]

1714601673

[1714601673]

1714601673

[1714601673]

1714601673

[1714601673]

1714601673

[Newbie1022]

I hope people took profits yesterday before the dip. Keep an eye on the alts (they generally are a leading indicator)... we're about to rally up another ten points... look at $409 as an area to take a profit if you are long and to reenter a short.

[SFHere]

Now that was a bounce 

[Newbie1022]

If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.

Merry Christmas.

P.S. - Do you own analysis... this is just what I am seeing and responding to.

[Newbie1022]

380s on the non-BTC-e majors within the hour.

[Sandia]

If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.

Merry Christmas.

P.S. - Do you own analysis... this is just what I am seeing and responding to.

Just a personal comment:  I used to trade the way that you do.  Be careful with the size of your trades and set your stops.  I got hit 3 times with whale dumps out of the blue.  You are trading on the short term patterns; whales see the same patterns, wait for the minnows to get positions, then drop you 20-30 USD with minnow sales as the extra fuel.  1 dump will wipe out your profits from 4 or 5 previous trades.

[ChartBuddy]

Explanation

[Argwai96]

If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.

Merry Christmas.

P.S. - Do you own analysis... this is just what I am seeing and responding to.

Just a personal comment:  I used to trade the way that you do.  Be careful with the size of your trades and set your stops.  I got hit 3 times with whale dumps out of the blue.  You are trading on the short term patterns; whales see the same patterns, wait for the minnows to get positions, then drop you 20-30 USD with minnow sales as the extra fuel.  1 dump will wipe out your profits from 4 or 5 previous trades.

I'd also say, before careful with stops. Especially if you're trading on BTC-E or Bitfinex. Both those places, you see stop running all the time. That's those huge wicks -- people's stops being hit and cascading.

[Searing]

If you haven't taken profit, yet, on a long then do it now and reverse course to a short. The local top on BFX was only $407.9... not $409. Market is turning back down, now.

Merry Christmas.

P.S. - Do you own analysis... this is just what I am seeing and responding to.

for those of us holding it don't matter much (at least if we mined it) but I see your point

as to myself I'm pretty much at the Max I can afford point ..will dribble some more in as I can till the end of the year..but still I can see the logic
behind the argument of selling some and getting some of investment back or the fact that we need new blood in here buying coin...I would but
friom a thanksgiving/xmas analogy with food "i'm stuffed full"

thus either we get more use from BTC from 3rd world for demand or we get more demand from new users etc due to price drop etc

or folks like me with the sickness of "holding' come around Jan 2015 are gonna have lots and lots of BTC (now it prob an't gonna be worth as much as today but still lots and lots)

frak

I should have my head examined

anyway from my odd point of view....I'm betting BTC will chug back up 'long term' but my long term is now in the realm of 4 or 5 years at worst to get to 1000 btc again
just to get past all the FUD/bad press and other crap from the last couple years

BTC needs to be seen as 1) useful 2) long term 3) and boring....esp boring.....like money or wire xfer is boring......it is needs to be dull and common place
like the 'paypal button' everyone knows what it does but does not think about it too much

again with all the above bad press /FUD and other misinformation..it may take a frigging bit to get this wagon up the hill so to speak

anyway my empire is up to 51.5 btc now...whoo whoo...so if BTC goes down another 50% I can pretty much state it will be at 103 btc at that point

(good to have a hobby being insane kool aid drinker probably qualifies)

[Christianne_Gottlieb]

http://www.dodaj.rs/f/12/Mk/Gm1KTwj/104377413698702098376825.jpg

[Pala_00]

[ChartBuddy]

Explanation

[mooncake]

It's a slow day today relative to the past few days, so just something to think about:

We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.

The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?

The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.

This is purely speculation. There is nothing to support the hypothesis.

[hdbuck]

It's a slow day today relative to the past few days, so just something to think about:

We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.

The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?

The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is the Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.

This is purely speculation. There is nothing to support the hypothesis.

I am not sure if the US politicians are smart enough to seek the Bitcoin opportunity and I very hope that they don't anyway. Leave it to the people.

The New American Economic Miracle: https://www.youtube.com/watch?v=N7PpdYil-7Y

[Pala_00]

[ChartBuddy]

Explanation

[bitebits]

It's a slow day today relative to the past few days, so just something to think about:

We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.

The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?

The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.

This is purely speculation. There is nothing to support the hypothesis.

Jup, currency inflation is the best friend of debt. I wonder what the value of the dollar did in the last 50 years

[Room101]

It's a slow day today relative to the past few days, so just something to think about:

We all know that due to the QEs, the major countries like the US, the EU and Japan are printing massive amount of money. As a result, these governments carry with them huge burden of debts which some think that there is no way of repaying.

The smart people in the government of these countries must be thinking how to solve this problem. Because there is no way to repay this massive debt within the financial system (as we know it), the debt must be repaid outside the system. What is outside the system, you ask?

The debts are denominated by the respective country's currency. Bitcoin or other cryptocurrency exist outside the system. Hypothetically if the government is Satoshi, and eventually, the world uses Bitcoin as the global currency, there would be no problem for the government to repay its debt because by that time, country's currency would be worthless and the government would have become the single largest holder of bitcoin.

This is purely speculation. There is nothing to support the hypothesis.

Pretty sure there is not a single instance in history where a government stops digging, and fixes what it has fucked. I mean why would they? The government is not some intelligent, powerful being.....it's a group of socio-paths who only care about their own powerbase. These types of problems can always be kicked down the road for the next guy, right up until they can't, and by then it is way to late.

[thetruth123123]

At least we have some cheap coins

[yokosan]

I'm calling it now

Everybody that has bought in at under $500 has been feasting on the bargain of the century.

Check it

This chart is consistently reaching new highs. Transactions volume is going through the roof ALMOST DOUBLE IN THE LAST 6 MONTHS!.

Gentlemen this is the moment of truth. Do you beleive in the fundamentals of Bitcoin? If you do then there has never been a better time to invest. I say that as somebody that was there in 2011 at the sub $10 prices before and after the Gox $30 bubble.

The risk back then was astronomically greater than it is today. Back then there were a couple of hosting providers accepting BTC and that was it.. as recent as 2012 the best place to spend BTC was the Bitcoin Savings and Trust ponzi ffs... today bitcoin is giving birth to an entire industry and is being taken seriously by the world at large, including central banks, governments, regulating bodies.

Countries like the UK don't want to miss the chance to become the next silicon valley... they want the innovation in their own country... expect to see fierce competition as each country tries to attract the Bitcoin businesses.

People said 2013 would be the year of Bitcoin, then they said 2014... I truly believe that 2015 will be the year of Bitcoin and I fully recommend that you buy as much as you can at these low prices before you miss the boat.

Invest 200% (obtain as much fiat debt as you possibly can) of your finances in BTC today and enter the wealthy elite in less than 12 months.