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

[tarmi]

I must admit that this thread is unreadable when it comes to bulls.

at least bears dont talk in pictures and use meaningful words.

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[GreekGeek]

I must admit that this thread is unreadable when it comes to bulls.

at least bears dont talk in pictures and use meaningful words.

what exactly do you mean?

[gentlemand]

I must admit that this thread is unreadable when it comes to bulls.

at least bears dont talk in pictures and use meaningful words.

Are you reading the same thread as the rest of us?

[Wary]

I must admit that this thread is unreadable when it comes to bulls.

at least bears dont talk in pictures and use meaningful words.

Are you reading the same thread as the rest of us?

Since each of us has different ignore list, each of us reads different thread.

[JimboToronto]

This is the best pump since Coinbase in January. I hope it won't end like that one.

I think this is different.

The whole Coinbase thing was bogus. It took place within hours and crashed when the countdown was over.

It effectively killed the rally that was building after high volume capitulation and set things back by weeks.

Hopefully we're back to the gradual rise we had leading up to the Coinbase fiasco.

[prophetx]

[podyx]

[nice trolling]
Remeber this whenever you feel the urge to click "ignore".

Nice one.

Still, the ignore button is your friend, especially when the troll brigade is out in force. What matters really is how you define 'troll'... different opinion than my own: not a troll. Low content posts trying to get a rise out of people: troll, ignore becomes an option if you still want to use the forum for its intended purpose.

I second that, and for the story, even I don't agree with many people's posts here I don't have them on ignore. I do have on ignore though a LOOOONG list of multiple accounts of -a-one-and-single-user- here... LambYourMotherEtc...

Careful. By grafzep's algorithm, you're now on his ignore list as well ^_^

Jorge's is academic's approach: no knowledge is useless. Ergo, by clicking ignore button, you are always losing.
This assumes that knowledge gaining is free. This assumption is correct only for a tenured academic which is insulated from economic reality. For the rest of us economic approach would be better: a text worth reading if benefit of reading it overweights costs of the reading, that is if there is no better use for the time, spend on reading it. Nothing personal, just economics.

Still, I am one who almost never ignores anyone, I'll just skip through the text if it's something I have no use for

[inca]

I must admit that this thread is unreadable when it comes to bulls.

at least bears dont talk in pictures and use meaningful words.

Still waiting from a position update tarmi. Are you long? Did you buy back in?

[NotLambchop]

This is the best pump since Coinbase in January. I hope it won't end like that one.

I think this is different.
...

That was top lel tho.  Show Bitcoiners a rocket & moon pic, watch them trip over each other to buy

[JorgeStolfi]

you would think its obvious that second market is going to buy up the lot if possible..

SecondMarket did not bid for themselves on the previous auctions.  In both cases, they only formed syndicates (assaciations) of small bidders who would not bid for a whole 2000 or 3000 BTC lot, and merged their bids into full-lot bids.  On the first auction they did not get a satoshi, Tim Draper took all the ~30'000 BTC.  On the second auction they got 48'000 of the 50'000 BTC, and Tim took the other 2000.  SecondMarket promptly distributed the 48'000 BTC to the small bidders, after taking a 1% service fee from them.

Their BIT fund only buys BTC when investos buy BIT shares.  BIT now has ~135'000 BTC in their possession, but it has not grown since May/2014, except for a 10 M USD  "freak" investment in November.   Only a few investors had the opportunity to withdraw; redemptions have been disbled since October, and it is not clear whether they will ever be re-enabled.

BIT investors have been barred from selling their shares to other people since the beginning.  The listing on OTCQX and the possibility OTC trading of the shares (only those older than 12 months) does not directly cause buying or selling of BTC by the fund.  However, if the BIT shares get traded at significantly more than their nominal value (the market price of 0.1 BTC), BIT may buy more BTC and issue more shares to sell to the brokers.  Conversely, if the BIT shares get traded at significantly less than their nominal value, BIT may buy back those shares from the brokers and sell the corresponding BTC.

[thefunkybits]

Shorts getting squeezed out...still 17 K left though  

If we pass $300 look out  






I think a reasonable top (in an epic short squeeze) is $350 and most likely to happen in the next 3 days

[Fatman3001]

We all have a lot more say that someone living in China, N Korea, Zimbabwe etc etc etc

I feel pretty comfortable when I compare myself to those poor souls...

Don't be so comfortable about China. Those poor souls can have more say in some personal matters than you do.

Yes, I sense that a one-party state is what you're dreaming of.

Instead of mind-reading, try logical thinking: Can a person that calls state a "stationary bandit" be dreaming of a state?

You are very selective when it comes to logic. So mind-reading is the best I can do.

If it's the best you can do, I wouldn't recommended doing it [mind-reading] at all, since this best is worse than nothing.
Let's try logic instead. Could you point out on my logical falls? It could be beneficial for both of us.

I could. I'll start with the brief version: the sentiment communicated in the sentence I have marked with bold is illogical. It either means that you are an anarchist (left or right, one is dumber, both are illogical), or a liberal (don't start with faux inventive american term: libertarian) who can't grasp that the state plays a vital role in protecting those liberal rights, or you are someone who is anti-politics with strong political opinions.

Do you need more? Have I misunderstood something?

[adamstgBit]

set sail, for 290!

Ahoy Mother Fuckers

[LFC_Bitcoin]

Where the trolls at?

[Grafzep]

[nice trolling]
Remeber this whenever you feel the urge to click "ignore".

Nice one.

Still, the ignore button is your friend, especially when the troll brigade is out in force. What matters really is how you define 'troll'... different opinion than my own: not a troll. Low content posts trying to get a rise out of people: troll, ignore becomes an option if you still want to use the forum for its intended purpose.

I second that, and for the story, even I don't agree with many people's posts here I don't have them on ignore. I do have on ignore though a LOOOONG list of multiple accounts of -a-one-and-single-user- here... LambYourMotherEtc...

Careful. By grafzep's algorithm, you're now on his ignore list as well ^_^

Jorge's is academic's approach: no knowledge is useless. Ergo, by clicking ignore button, you are always losing.
This assumes that knowledge gaining is free. This assumption is correct only for a tenured academic which is insulated from economic reality. For the rest of us economic approach would be better: a text worth reading if benefit of reading it overweights costs of the reading, that is if there is no better use for the time, spend on reading it. Nothing personal, just economics.

Indeed. Someone called him a time waster the other day - and that is his trolling method. He repeatedly asks stupid questions or easily googled ones just to get a response. He chimes in with the most banal level of 'academic' analysis to both be a part of the group and to feel superior to it at the same time.

He is the antithesis of the entrepreneurial spirit, using his unsackable position to rob the Brazilian tax payer and waste his time here wasting our time. Tenure as an academic principle to protect and encourage free thought without political interference was hard fought for, and it makes me sick that shallow pricks like him use it to actually get in the way of new ideas.

He's not funny and he's not clever. Give me NLC any day, at least he's honest to himself and us about what he's doing. Stolfi is a useless cancer and should have the blood supply from schmoes like oda cut off.

[DaRude]

Shorts getting squeezed out...still 17 K left though  

If we pass $300 look out  






I think a reasonable top (in an epic short squeeze) is $350 and most likely to happen in the next 3 days

Great plan (if we totally ignore longs and just assume that they'll never cash out)

[KryptoFoo]

Ring ring! Rang the register. Congrats longs hope you made a good trade, sorry shorts not your day. Another day could be the other way 'round.

Edit: why did I cash out? Divergence abounds on the 5 min OKcoin chart. Higher highs being made, RSI and MACD declining. Just saying.

https://bitcoinwisdom.com/markets/okcoin/btccny

[Norway]

set sail, for 290!

Ahoy Mother Fuckers

Aye Aye, Captain!

[JorgeStolfi]

how pissed will the US gov be if they sell off their tons of btc and bitcoin rallies 10 fold straight away after lol

The people in charge of the auction don't care much for the sale value per se, because they don't get comission on it.  Their main worry is not doing anything that they can be blamed for.  If the auction fetches somewhat less than market, and/or the price rallies just afterwards, *shrug*.  If the auction fetches much below market because  the lots and/or the total amount were excessive, *oops*, that may leave a stain on their service record.  If they fail to follow some rule or law, and some bidder makes a fuss abut it, that is *oops* too.  (There may be corruption, e.g. leaking of bids to other bidders, but that shoudl not make much difference on the sle price.)

[Wary]

Can a person that calls state a "stationary bandit" be dreaming of a state?

I'll start with the brief version: the sentiment communicated in the sentence I have marked with bold is illogical. It either means that you are an anarchist (left or right, one is dumber, both are illogical), or a liberal (don't start with faux inventive american term: libertarian) who can't grasp that the state plays a vital role in protecting those liberal rights, or you are someone who is anti-politics with strong political opinions.

Do you need more? Have I misunderstood something?

This one would do, thanks. However, I cannot see problem with logic. Person that calls the state "stationary bandit" obviously doesn't like the state. Right? While "dreaming of a ... state" means that the person likes some form of state. Right? So the bolded sentence can be translated to: "if I say that I don't like state, why you are making conclusion that I like state?". IMO, this is logical and reasonable question. While your conclusion is not logical. Your move