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

[Newbie1022]

Shorts are going down and longs are slowly going up... market sentiment is changing, midterm traders are turnig into bulls.
This is actualy healthy correction after quick run up. 3d macd going green in 1 week and volume is the highest after March. Unless the market gets higly manipulated again... you do the math

This makes sense to me and is what I would expect... but I wouldn't expect this dip at the same time that longs went up $2mil. on BFX, for instance. Goofy, goofy market.

[1714970050]

1714970050

[1714970050]

1714970050

[JayJuanGee]

I respect and I like to have bears here. But trolls doesn´t apport nothing but crispation and noise. Please moderators, Blitz consider ban lambchop.

And the rest os us: PLEASE DONT QUOTE THE TROLLS. Thanks.

You mean don't quote the bear trolls, right? Because I see the bull-trolls aka marketers getting quoted all the time, and nobody seems to have a problem with that.

First:   Octaft just provided a good example of a false equivalence fallacy, by engaging in such...

http://en.wikipedia.org/wiki/False_equivalence

Second:  Frequently, mostly by beartrolls are making claims about the existence of bull trolls in this thread, but in reality, NOT too many bull trolls are spotted in the wild.  I would suspect that they are just making this up, yet I would be curious, just for the sake of argument, to know who are the supposed bulltrolls, and maybe some examples of what it is that these alleged bulltrolls do, that is supposedly bulltroll-ish?

[Bagatell]

How do you all like recursive trolling?

[NotLambchop]

Cheap coin!

[aliro38]

These are the 2 most important charts

https://blockchain.info/charts/trade-volume?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

https://blockchain.info/charts/estimated-transaction-volume-usd?timespan=all&showDataPoints=false&daysAverageString=1&show_header=true&scale=0&address=

Yup.
Definitely the most important, especially this one:
https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false&timespan=all&show_header=true&daysAverageString=7&scale=1&address=

But, but... which are the good ones?

Check the blockchain.info transaction volume chart.

[snip]
EDIT: Fwiw... the s&p looks like it might bounce up hard for a while, likely it will top off and fall harder which will cause another upswing. Might go on for months or the markets might carry on climbing, bounces will likely send btc up in steps and could easily trigger a bubble.

Thanks, but I don’t think I can see the bullish side for much longer.
A volume of 60 mil/day from a market cap of >5bil is like expecting one /everyone?!/ to carry like 10k USD in cash in his/her wallet just to pay for a regular restaurant meal…  That’s after 5 years, day by day and actually it was going for worse during the last 10 months… I hope you can see my point? I mean velocity is awful but generally speaking a lot of other figures don’t seem to fit at all into the large bullish picture.

Well, let’s hope for the best but I expect the correction will continue down to the bone.

[Tzupy]

The next hours are important, because another large drop would damage the "launch pad" required
for the push to 450+, with major implications for the next weeks.

[riiiiising]

What you see now is the shaking out of the weak hands. Just invest $10,000 USD in bitcoin, walk away for 20 years, and thank me later.

[hyphymikey]

I wish they would just dump all of those coins. I mean they obviously don't want them anymore and they obviously don't care how much they get for them either. So why not just give us some more "cheap" coins?

Go ahead, do it!

[ChartBuddy]

Explanation

[BrewCrewFan]

I wish they would just dump all of those coins. I mean they obviously don't want them anymore and they obviously don't care how much they get for them either. So why not just give us some more "cheap" coins?

Go ahead, do it!

I know right? Just get it over with already.

[JayJuanGee]

How do you all like recursive trolling?

To me, your question:
1st:   makes little to NO sense, and I hate to give you the benefit of the doubt by attributing any meaning to it. 
2nd: seems to be a form of trolling.
3rd:  seems to be NON-responsive to my post (that you clipped), which for ease of reference was as follows:

I respect and I like to have bears here. But trolls doesn´t apport nothing but crispation and noise. Please moderators, Blitz consider ban lambchop.

And the rest os us: PLEASE DONT QUOTE THE TROLLS. Thanks.

You mean don't quote the bear trolls, right? Because I see the bull-trolls aka marketers getting quoted all the time, and nobody seems to have a problem with that.

First:  Octaft just provided a good example of a false equivalence fallacy, by engaging in such...

http://en.wikipedia.org/wiki/False_equivalence

Second:   Frequently, mostly by beartrolls are making claims about the existence of bull trolls in this thread, but in reality, NOT too many bull trolls are spotted in the wild.  I would suspect that they are just making this up, yet I would be curious, just for the sake of argument, to know who are the supposed bulltrolls, and maybe some examples of what it is that these alleged bulltrolls do, that is supposedly bulltroll-ish?

[podyx]

Probably repeating the reversal back in 2013

We peaked at 95.2 from a bottom of 63     ----    95.2/63=1.51     1.51x275=415.5

Had a beartrap down to 77 after that    -----      77/95.2=0.81        0.81x415=336

So probably gonna see 336 this weekend briefly. I suggest putting bid orders there as price won't be there for long
If we are to repeat this pattern, I will try to get as much fiat as possible to the exchanges(loans ) during the small consolidation period

Happy trading!

[NotLambchop]

I wish they would just dump all of those coins. I mean they obviously don't want them anymore and they obviously don't care how much they get for them either. So why not just give us some more "cheap" coins?

Go ahead, do it!

But why?  Slippage would be horrible.
Much better to do it slowly, letting you regain confidence & put up buys.
So we could sell into those.

[acsalles]

It´s the second time this week that we see announcements of Fusion Energy coming sooner as expected.
There´s an interesting paper about effects of almost-free energy on world economy

1)
http://www.lockheedmartin.com/us/products/compact-fusion.html
Or, less credible
http://www.forbes.com/sites/markgibbs/2013/05/20/finally-independent-testing-of-rossis-e-cat-cold-fusion-device-maybe-the-world-will-change-after-all/


2) consequences : http://www.bibliotecapleyades.net/ciencia/ciencia_energy41.htm


If it becomes true, I know the consequences for Oil prices (down), Gold prices (down), Fiat-Dollar (Up) but it´s not yet clear the impact on Bitcoin prices. Let´s do this exercise ?

[octaft]

snip

Please explain to me how you think this applies, because I'm trying to figure it out, and I for the life of me can't.

[derpinheimer]

Anyone else notice TH1 swaps went down by like 60% in the past 24 hours? What are those?

[Tzupy]

Anyone else notice TH1 swaps went down by like 60% in the past 24 hours? What are those?

Tradeable mining contracts.
http://www.coindesk.com/bitfinex-launches-tradable-mining-contracts/

[bassclef]

As if trading on margin wasn't enough. BFX should just implement digital slot machines for when the market is quiet.

[Adrian-x]

Anyone else notice TH1 swaps went down by like 60% in the past 24 hours? What are those?

Tradeable mining contracts.
http://www.coindesk.com/bitfinex-launches-tradable-mining-contracts/

I've never looked at mining swaps where do you see those? Is the exchange related to ghash.io?

[Tzupy]

Anyone else notice TH1 swaps went down by like 60% in the past 24 hours? What are those?

Tradeable mining contracts.
http://www.coindesk.com/bitfinex-launches-tradable-mining-contracts/

I've never looked at mining swaps where do you see those? Is the exchange related to ghash.io?

http://bfxdata.com/combined/th1.php