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

[empowering]

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Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

Not sure I said anything about collapse.

(I prefer to think of it as an anal bleed)

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[NotLambchop]

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

Not sure I said anything about collapse.

Sorry, what did you mean by

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

[Wary]

So how exactly is this different from $32 to $2 in 2011?
If we're subject to "manipulation" now, we most certainly were manipulated back then.

Non sequitur. Every cod is fish, but not every fish is cod.

Anyway, there must be a way to tell "honest" sells from manipulation. Maybe the one suggested by Richy_T?

We should be able to tell if the dumps are being made at times of maximum or minimum slippage. If minimum, it's someone just selling, if maximum, it's someone trying to get the maximum down-movement for minimum cost.

[aztecminer]

Please back up your claim with some kind of proof.

Here you go...

Proof that 1 = 2:

Step 1: Let a = b.
Step 2: Then aa = ab.
Step 3: aa + aa = aa + ab.
Step 4: 2(aa) = aa + ab.
Step 5: 2(aa) - 2ab = aa + ab - 2ab.
Step 6: and 2(aa) - 2ab = aa - ab.
Step 7: This can be written as 2(aa - ab) = 1(aa - ab).
Step 8: and cancelling the (aa - ab) from both sides gives 1=2.

Yeah, right. You are dividing by 0 between step 7 and 8. Only allowed if you are Chuck Norris, which you are not.

yeah but he canceled (aa - ab) from both sides so technically he is not really dividing by 0 since those were canceled.
i am totally convinced now. firm believer that 1 = 2 by an amazing genius display of mathematical skill. undeniable proof.

[empowering]

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

Not sure I said anything about collapse.

Sorry, what did you mean by

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

Anal bleeding? (that is not an offer)

So you think the only two options are immediate total collaspe or infinite bull mode? could there not be something inbetween?

Even if you do eventually collapse from anal bleeding, you are bleeding first.

[edwardspitz]

Sigh... bitfinex is getting too glitchy lately.... I don't feel good trading in this exchange anymore  

Check out Okcoin.com, it is by far the best exchange experience i had so far. I switched over from Bitfinex 3-4 weeks ago.

I am considering it. About a month ago I signed up with OKCoin to use their API and it looks pretty sophisticated. Also there is quite a bit of volume. The only thing that annoys me a bit is that they are not on Bitcoinwisdom. Their built-in chart is basically the same as BW, so I guess I should just use that. Have you figured out how to short sell?

Short selling is only possible if you use their future trades (up to 10x leverage, no interest to pay), you can contrary to Bitfinex, open multiple single positions e.g. 3 positions long and 2 positions short which do not get counted up. A huge disadvantage however is that you have no stop-loss function in future trading(at least i haven´t found one), which sucks pretty hard, lol. They offer stop loss and other interesting algo trade mechanisms like "trail, iceberg and twat", but only in normal trading mode.

No stop loss does suck but I will take another look at it soon. Thanks for the info.

[degold]

Why the hell dumper start dumping asap we reach 385 or 386.

[NotLambchop]

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

The universe is racing towards heat death.  All of us will likely kick before that.  The question is timing and odds.

*If the $ collapses, God help us, 'coz Bitcoin would be the last thing on my mind.

Not sure I said anything about collapse.

Sorry, what did you mean by

...
Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.
...

Anal bleeding? (that is not an offer)

So you think the only two options are immediate total collaspe or infinite bull mode? could there not be something inbetween?
...

I haven't told you what I think.
I have politely asked you a question.  The politeness is clear from the word "sorry," while the question smiley at the end obviates the whole magella being a question.

So, sans the etiquette:  What did you mean?

[edwardspitz]

Fish appearing on the charts:



Only small fish so far. Is there a fish chart pattern? Have I lost the plot? Discus fish!

[NotLambchop]

Fish appearing on the charts:
...

I'm seeing a distinct head and three shoulders pattern.

[ChartBuddy]

Explanation

[empowering]

well mining at this price is good since usa miners have to pay income tax on bitcoin mined at the price they are mined at.
so while everyone is panicking i am continue mining!
with the latest mining gear we appear to be good for mining into the beginning of next year.
maybe first few months of next year unless some new mining gear hits.
this decline in bitcoin, gold, and silver started as the dollar went up .
we are at our third peak in five years and each peak has resulted in a crash of the dollar.
it is possible we are at the run-up to the final crash of the dollar.
i heard a rumor when blood is in the streets then is time to buy!

The federal reserve is ending QE while the ECB is starting QE-like programs. As the euro has a 57.6% weight in DXY the dollar is unlikely to crash any time soon.

USD has got some room to run yet, but it is going to peak and come down with a bump, the next run down, is of course going to happen eventually.  

Though the combined global can kicking may put this shit storm off for a while.

Draghi to the rescue with almost a trillion dollars - splendid.

Phantom bond buyers to the rescue   - splendid, are we ordering glass of chimay with steak-frites or are we ordering suntorys and steamd buns? or should that be budweisers and burgers? want fries with that? mayo? cheese? full fat unicorn?

Though that being said the eurozone, QE or not, is in the shitter... trouble is brewing, and they are kicking the can slightly up hill... and in that basket too we have Japan, which as QE daddy, have got a revolver in their mouths with two in the chamber, or so it seems... the bank of japan pretty much buys all of jp bonds now, the older generation gone and investors are becoming more and more bond shy in Japan. Then you have got the UK which also is not having a great time either, and then the swiss franc, that might change in their upcoming referendum (I would love to see them vote yes, reckon they will vote no though)

How the USD stands up against those guys and their evolving shit storms,  we shall have to wait and see... and also see how the developing situation plays out with China and their own plate balancing act. If they do actually stop the QE, then I think USD will continue to rise...which will further put a dampner on US exports. Also we shall see what happens when rates start to rise, and people are forced off the easy money teat. I know that something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable. But I am not convinced they are going to stay the course , staring down that barrel can do strange things..and it might be that the push comes from overseas i.e china runs into problems due to a credit crunch and this knocks on and they tighten their belts, though they now are too making their own moves to stimulate the market, in light of declinging property prices and weaker figures in general.... but then if the slow down is not stopped and they do tighten their belts then this could cause problems too (plus the business environment in china is crazy,  more down in a basement, than under the table)

Something has got to give... the music has got to stop at somepoint, infinite bond market bull mode and high yields are unsustainable.

Ever get the impression the major economies are spinning plates? wobble .......             woah.........   wobble.........  woah....   oh shi£$%£$%^....fol

Road ahead looks rocky in so many ways... they are not going to be able to catch one of those plates, sooner or later, and once you miss one.....




The future's uncertain, and the end is always near.

Let it roll, baby, roll.

Interesting times. I'd question some of those explanations of the situation though, many are the same as touted by the mainstream financial media and after seeing how the same channels have reported on Bitcoin (distorted facts or outright lies and very selective reporting) I'd be sceptical of anything they report. They don't fit with the reality, look at the bitcoin charts today and the same kind of patterns are clear on charts of major markets, traders so large they can move international currency markets and mainstream reporting frequently whitewash obvious interaction of these traders.

Generally a good idea to question everything... I tend to take the msm with a pinch of salt in most regards... although reading between the lines is often highly informative.

[Wandererfromthenorth]

someone say moon?

ps yeah that was a wall of text    

LOOOOL

What the hell is this gif? what is the guy trying to do? LMAO

It is a part of one of the weirdest contemporary dance shows that the wolrd has ever seen... if you want to see it then here is the link....


http://youtu.be/FbuluDBHpfQ

It is the kind of thing that I would have love to have gone to, when I was younger and taken mushrooms and just lost my marbles laughing at (30% laughing at the show, and 70% laughing at the fact I am laughing whilst surrounded by hundreds of serious patrons trying to get their serious on)

Enjoy...  

(ps I like the two ladies that are like stags fighting, while the weirdo on the skateboard thrusts on by....by like I mean it normally makes me lose my shit and start cracking up)

Watched the video, weird as fuck but amazing  

[manfred]

Fish appearing on the charts:
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The old Dinosaur patters where better, how about a nice Pimposaurus

[ubercool]

Why the hell dumper start dumping asap we reach 385 or 386.

But there is another thing, people buying those dumping coins.
And price not dropping from here now.

[findftp]

Fish appearing on the charts:
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The old Dinosaur patters where better, how about a nice Pimposaurus

Better call it a Pumposaurus!

[derpinheimer]

Peculiar situation.

Market seems ready to move up, but it's not going without a fight.

The dumping is looking more manipulative at these levels. Possibility we go lower now is still there, but not that likely.

I'd say without breaking $400 in the next 24 hrs, the likelihood of more dumps is exponentially higher.

[edwardspitz]

Fish appearing on the charts:
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The old Dinosaur patters where better, how about a nice Pimposaurus

Better call it a Pumposaurus!

I look for fish patterns on shorter time frames and dino patterns on longer time frames. But seriously an 8 legged dino! It can't be real!

[Wandererfromthenorth]

To me it looks like there is simply not enough buying power/confidence to break the $400s. But support is decent right now so it will probably stay at this $370-$390 range for like a week or so. Then we'll see.

[yokosan]

Please drop.... just another 20%... one more time... for me? Need more cheap coins... please...