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

[KS]

We haven't had a major sell for over a week now. Should the low volume continue for a few more days, I'd be worried holding BTC.

You just know that someone out there wants to liquidate his sweet millions in dirty fiat money.

tomorrow...

[10c]

lol, I missed that post (this thread is moving too fast ).

I agree that the "this year" is going to be difficult to achieve (understatement...), especially considering that Bitcoin would need to be used by everyone for that value to be reached (in his theory).

I'm not against the 300K as the _potential_ maximum value though, but I don't think we will ever see it. I'd be very happy if it were only 0.1% of that.

Me 2! especially if we hit it this year 

[wonkytonky]

i wish i had a company.. 
i'd lend a few millions..   buy bitcions..
pay it back after 5 years  ..

i'd be fucking rich

[KS]

in other news....

http://www.forexminute.com/bitcoin/cameron-winklevoss-backs-bitcoins-regulation-7858

[10c]

He as well as a number of us agree that regulation is needed for mass adoption.
but we also have a big number of users that 'strongly' disagree

still bullish news though! up Up UP

[ShroomsKit]

I have the feeling confidence is slowly coming back today. And unless we see another big dump prices might slowly go up to 105+ again.
I would buy back in if i did any trading 

[Richy_T]

Applying TA properly takes schooling AND experience + healthy perception.

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

[ShroomsKit]

Applying TA properly takes schooling AND experience + healthy perception.

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

This is what i use for TA:

[10c]

If I were fiat rich I would place major buy now on market order and drive up the price with my major slippage...
If I were coin rich I would place a major sell to crash the price.

All this out of being bored to death...

[10c]

Applying TA properly takes schooling AND experience + healthy perception.

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

what do you mean by easy "out"?

[Richy_T]

so, unlike gold, it can vanish.

You think gold can't vanish?

[ShroomsKit]

so, unlike gold, it can vanish.

You think gold can't vanish?

By shooting it into space?

[10c]

Applying TA properly takes schooling AND experience + healthy perception.

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

This is what i use for TA:

some image that reminds me of MTG for some reason  

My TA tops your any day.... my coin toss is 100% accurate 50% of the time. It's easier to understand to. either black or white. yours is prone to interpretation which screws you on the odds of being right

[wachtwoord]

so, unlike gold, it can vanish.

You think gold can't vanish?

By shooting it into space?

Nuclear reaction can turn it into something else than gold (other matter and/or energy)

[10c]

Ok I'm done trolling about TA.
I actually enjoy the TA posts as long as they are well founded. They give us nice insights and matter to discuss.

On the gold matter: no need For nuclear reactions. just tell the right person where you keep yours and it'll vanish...

[Richy_T]

so, unlike gold, it can vanish.

You think gold can't vanish?

By shooting it into space?

If you buy gold vouchers, they could turn out worthless.

If you have physical gold, it could get stolen.

If you have physical gold, this:

[Richy_T]

Applying TA properly takes schooling AND experience + healthy perception.

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

what do you mean by easy "out"?

Obviously, if your TA doesn't work, you're not doing it right.

[10c]

Applying TA properly takes schooling AND experience + healthy perception.

Ah, an easy "out", always the hallmark of a something solid. Seances work too but not if you don't believe.

what do you mean by easy "out"?

Obviously, if your TA doesn't work, you're not doing it right.

thats what I said: 

Lets say I used it to call the bottom a few times and was 100% correct. I don't overuse it and I don't underuse it. I use it as much as it seems to remain fairly accurate.
And of course I adjust.

All valid points, I don't really think we can make this a black and white thing as it is a bit more than that...

That's exactly what I mean!
Just warning people it's not wise to look at it like it's 100% accurate 100% of the time and warning beginning traders/speculators.
You have to agree with me that we see some retarded TA come by with some lines in a chart that don't mean anything.

I don't pretend to be all knowing about TA, nor do I have the necessary years of experience to apply it properly (giving me more chance than a coin toss). so if your TA is 100% correct for 30% of the time. You are doing it wrong.

[ChartBuddy]

[sarc]

I have the feeling confidence is slowly coming back today. And unless we see another big dump prices might slowly go up to 105+ again.
I would buy back in if i did any trading 

yup, nothing like a busy market place for restoring confidence.