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

[fonsie]

It seems that NotLambchop changed his tune since putting him on Ignore. Still on repeat, just a different song.

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[Newbie1022]

I think the bias of the market is still towards the downside (low interest in BTC, generally, right now). I think the auction probably went worse than people realize (worse than those who have Draper in Captain America costumes), but not very bad (probably the average is about $20 to $60 below market). I know that I don't know, though. The market has flat-lined a bit because nobody really has a good read. We are in between news and TA marks. So, I'd say 60-40 down instead of up.

[Wandererfromthenorth]

We should have the next big BTC move soon, just wait for a break out or a breakdown with volume and react to what happens.

Next few days.

[ChartBuddy]

Explanation

[Wandererfromthenorth]

It's gonna be either a huge long or a huge short:

[fonsie]

I think the bias of the market is still towards the downside (low interest in BTC, generally, right now). I think the auction probably went worse than people realize (worse than those who have Draper in Captain America costumes), but not very bad (probably the average is about $20 to $60 below market). I know that I don't know, though. The market has flat-lined a bit because nobody really has a good read. We are in between news and TA marks. So, I'd say 60-40 down instead of up.

Last year we had this:


This year you could buy at reasonable prices, but eventually a new model will be announced and you'll get this again:

[findftp]

Thanks y'all for letting me almost double my short position with that little run up to $382. Pattern recognition is one of the components of intelligence, but some of you bastards can't even see the pattern after I point it out to you. If enough of you bastards don't short with me, then we won't have enough money to hold the ~$300 bottom and this damn bear market will drag out for another few months.

I was just being ridiculed for saying the same.  
Except I'm already convinced that we are going lower.
Thanks for confirming my thought's.
Let's sell some extra coins.

[bitebits]

Thanks y'all for letting me almost double my short position with that little run up to $382. Pattern recognition is one of the components of intelligence, but some of you bastards can't even see the pattern after I point it out to you. If enough of you bastards don't short with me, then we won't have enough money to hold the ~$300 bottom and this damn bear market will drag out for another few months.

I was just being ridiculed for saying the same. 
Expect I'm already convinced that we are going lower.
Thanks for confirming my thought's.
Let's sell some extra coins.

You two sure like to play with fire. Good luck though!

[coinmaster222]

Well I disagree on two points,one is I am sure the auction went well and the price that was paid would be around 400 usd,though we might never know.The second is the conference in St. Petersburg this weekend will give a lot more world attention to crypto currency and give more people knowledge of Bitcoin.The price movement is all to do with speculators gambling on bitcoin nothing else

[macsga]

DON'T QUOTE THE TR...

Oh ok... sorry my bad

[findftp]

Well I disagree on two points,one is I am sure the auction went well and the price that was paid would be around 400 usd,though we might never know.The second is the conference in St. Petersburg this weekend will give a lot more world attention to crypto currency and give more people knowledge of Bitcoin.The price movement is all to do with speculators gambling on bitcoin nothing else

No conference ever did something really significant with the price.
News doesn't move the price overnight, unless it is a black swan event (like global financial melt down)

[fonsie]

Thanks y'all for letting me almost double my short position with that little run up to $382. Pattern recognition is one of the components of intelligence, but some of you bastards can't even see the pattern after I point it out to you. If enough of you bastards don't short with me, then we won't have enough money to hold the ~$300 bottom and this damn bear market will drag out for another few months.

I was just being ridiculed for saying the same. 
Expect I'm already convinced that we are going lower.
Thanks for confirming my thought's.
Let's sell some extra coins.

You two sure like to play with fire. Good luck though!

All of that trading and shorting is indeed risky business, but you have to keep in mind that they were probably goxxed and have to recoup those losses.
If you got money in abundance and a steady income job, it's safer to HODL.

[findftp]

Thanks y'all for letting me almost double my short position with that little run up to $382. Pattern recognition is one of the components of intelligence, but some of you bastards can't even see the pattern after I point it out to you. If enough of you bastards don't short with me, then we won't have enough money to hold the ~$300 bottom and this damn bear market will drag out for another few months.

I was just being ridiculed for saying the same. 
Expect I'm already convinced that we are going lower.
Thanks for confirming my thought's.
Let's sell some extra coins.

You two sure like to play with fire. Good luck though!

All of that trading and shorting is indeed risky business, but you have to keep in mind that they were probably goxxed and have to recoup those losses.
If you got money in abundance and a steady income job, it's safer to HODL.

I almost got goxed at bitcoin24.com but was just in time to transfer everything out.
Never lost any coins due to goxing.

I currently trade with not more than 5% of total amount of coins.
However, I'm tempted to brake my golden rule and trade with a lot more. (means shorting right now and sell 50% of total)
I'm a greedy motherfucker, I admit, but someone has to take that role.

[fonsie]

Thanks y'all for letting me almost double my short position with that little run up to $382. Pattern recognition is one of the components of intelligence, but some of you bastards can't even see the pattern after I point it out to you. If enough of you bastards don't short with me, then we won't have enough money to hold the ~$300 bottom and this damn bear market will drag out for another few months.

I was just being ridiculed for saying the same. 
Expect I'm already convinced that we are going lower.
Thanks for confirming my thought's.
Let's sell some extra coins.

You two sure like to play with fire. Good luck though!

All of that trading and shorting is indeed risky business, but you have to keep in mind that they were probably goxxed and have to recoup those losses.
If you got money in abundance and a steady income job, it's safer to HODL.

I almost got goxed at bitcoin24.com but was just in time to transfer everything out.
Never lost any coins due to goxing.

I currently trade with not more than 5% of total amount of coins.
However, I'm tempted to brake my golden rule and trade with a lot more. (means shorting right now and sell 50% of total)
I'm a greedy motherfucker, I admit, but someone has to take that role.

Don't be too greedy, it only takes 1 big screwup to see your profits dissapear.

[NotLambchop]

...
If you got money in abundance and a steady income job, it's safer to HODL.

If by "safer" you mean losing ~65% of your "investment" in a year...

[fonzie]

Thanks y'all for letting me almost double my short position with that little run up to $382. Pattern recognition is one of the components of intelligence, but some of you bastards can't even see the pattern after I point it out to you. If enough of you bastards don't short with me, then we won't have enough money to hold the ~$300 bottom and this damn bear market will drag out for another few months.

We have to hold the retest that's prolly coming. The next bubble will prolly take us to $4,000 or higher, so there will be plenty of time to jump on the train if we miss the first stop.

I'm a long term bull and hodler. My short is a hedge bet but if you fuckers get wiped out going margin long before the double bottom, I'll laugh my ass of while spending your money.

Hoping for some bull whale to save you is a poor investment strategy.

Spoken like a true altruist!  Bitcoiners worldwide are thankful! Without you defending the bottom all the year we would already have seen double digits!

[ChartBuddy]

Explanation

[coinmaster222]

Well I have coins that have never seen an exchange in there life and wont for a long time and like Tim Draper who won another two thousand in the second auction and paid above the street price and admits to fulfill his obligations he has to buy more on the open market the only thing to do is hold long term not just gamble with them.Everything comes to those who wait.

[gkv9]

We are all in the same dilemma but are on different rides, either the shorts must decide to push the BTC back upwards or the longs should pull it down...

[fonsie]