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

[aztecminer]

i feel as though there might be some kind of scheme going on with bitcoin price.

[1714812686]

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[1714812686]

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[Richy_T]

AT SEA: Since 2000, the Navy has spent more than $1 billion to upgrade its record-keeping, but it still lacks the ability to account for ships, submarines and other physical assets. REUTERS/HO NEW

[ChartBuddy]

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Explanation

[oda.krell]

...In other words, if your impression of TA applied to BTC comes entirely from the wall observer thread, no wonder it's that bad. For a better impression of what good analysis looks like, I suggest to look at, say, RyNinDaCleM's old posts. And I'm citing him as a good example despite not being an Elliot Wave practitioner myself.

But oda, when you have a million monkeys drawing lines, one of them having a run of correct predictions is more likely than not, no?

Not if that one out of a million monkeys consecutively draws the right lines, year after year

Anecdata aside: at some point, you need to fall out of love with the 'everyone who beats the market is an outlier' mantra. Take a look at the links I just posted -- the open question among the non-dogmatic finance researchers isn't anymore if you can beat the market, but rather how (which translates to who in here), and possibly which markets.

[ChartBuddy]

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Explanation

[r0ach]

If you are a whale wanting to manipulate a market

[Fatman3001]

I don't think TA is that widespread an issue among monkeys. The only one I've heard of is aminorex's. Macsga might have one going, but I still haven't heard back from him about that.

[makeacake]

If you are a whale wanting to manipulate a market

http://s14.postimg.org/uccwrvc3l/Capture.png

http://45.media.tumblr.com/tumblr_mbhzb0OqSr1r3viixo6_r3_250.gif

[ChartBuddy]

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Explanation

[ChartBuddy]

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Explanation

[emelac]

I don't think TA is that widespread an issue among monkeys. The only one I've heard of is aminorex's. Macsga might have one going, but I still haven't heard back from him about that.

Aminorex's monkey is typically wrong so his TA skills must be hopeless. I'm certainly not taking investment advice off aminorex's monkey. Nevertheless his monkey makes better guesses than some of the TA experts who post here. I stopped listening to the experts some time ago.

[JimboToronto]

Good morning Bitcoinland.

Been away for the weekend but I see we're still sideways in the $330s except for a short-lived little weekend dip.

Let's get this thing back over $380 and start another run up. I almost overspent when I bought several coins at $308 the day after buying some at the dip to $354.

I don't need any more dips for now. Let's run the price up in case I'm forced to spend some coins.

[ChartBuddy]

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Explanation

[keewee]

That hash rate! 

Indeed!

[galdur]

RE: Scarface.

Great story, which among other things reminds how Castro emptied prisons and asylums there in 1980 and sent the inmates on their way to Florida. Of course leaders in the Middle East and nearby don´t have the same obvious idea nowadays, nonono.

[MatTheCat]

That hash rate! 

Apologies for my ignorance, but what does it mean when the hash rate increases and/or slows down?

[ChartBuddy]

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Explanation

[Fatman3001]

RE: Scarface.

Great story, which among other things reminds how Castro emptied prisons and asylums there in 1980 and sent the inmates on their way to Florida. Of course leaders in the Middle East and nearby don´t have the same obvious idea nowadays, nonono.

Sounds like they need help then.

Hopefully Europe will provide better opportunities for them than the Cubans got in the US.

[galdur]

RE: Scarface.

Great story, which among other things reminds how Castro emptied prisons and asylums there in 1980 and sent the inmates on their way to Florida. Of course leaders in the Middle East and nearby don´t have the same obvious idea nowadays, nonono.

Sounds like they need help then.

Hopefully Europe will provide better opportunities for them than the Cubans got in the US.

Of course, but these things cost money. Tons of it. Europe´s welfare systems are stretched to the hilt as it is.

[Fatman3001]

RE: Scarface.

Great story, which among other things reminds how Castro emptied prisons and asylums there in 1980 and sent the inmates on their way to Florida. Of course leaders in the Middle East and nearby don´t have the same obvious idea nowadays, nonono.

Sounds like they need help then.

Hopefully Europe will provide better opportunities for them than the Cubans got in the US.

Of course, but these things cost money. Tons of it. Europe´s welfare systems are stretched to the hilt as it is.

I heard a Russian idiom once which I sort of like: "Cheapskates pay twice".

We could have helped the Syrians when they asked for help with toppling Assad and getting the country on track, but it was too expensive back then.