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

[Fatman3001]

I don't get what drives the price.

I don't get why we're below $4K.

People are stupid, I guess.

Because every time we have $10 -$20 rise, lot of folks think its a good time to take profit before we are back at double digits and while at it maybe its wise to open a short also to put cherry on the cake. JUST IN CASE!

Thats why

Sure, but day trading isn't the only way to invest in an asset.

I maintain my "People are stupid" stance.

I thought that my replay was a confirmation that I agree with your "People are stupid" stance.

I'm people too

Day trading isn't even investing at all.

I agree, but it's very late where I live and I couldn't think of another way to phrase myself.

I don't get what drives the price.

I don't get why we're below $4K.

People are stupid, I guess.

Let's aim 7k$ so I can sell at 6k$!

That's what you think. I'll be selling at the 10K top, while you guyz are fomo-ing after my 4K ruse.

[1714465652]

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[1714465652]

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[marcus_of_augustus]

For the moment it dosent look like chines are too excited about passing 3000 yuan level.

Are they still sleeping at Saturday morning? Its 9:00 am there.

... that's ok, we got the Indians, Koreans, Malaysians, Indonesians, South Africans, Russians, Ukrainians, Brazilians, Argentinians, Venezuelans coming on-line.

[Cconvert2G36]

Waiting for that euphoria candle...

[chesthing]

Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.

Maybe he just isn't a brilliant gifted guru like yourself. You come off like a pompous ass. 1st world problems, being glued to a computer screen, such torture. Some people actually work for a living.

[HI-TEC99]

For the moment it dosent look like chines are too excited about passing 3000 yuan level.

Are they still sleeping at Saturday morning? Its 9:00 am there.

Do the Chinese banks process wires to exchanges on a Saturday morning? They don't do it in the west. How are the Chinese going to get past the 3000 yuan level until their wires from their banks arrive in the exchanges? Perhaps things will cool off until Monday when the banks open again.

[Proxiebuier]

more positive article about bitcoin
and forbes release good article too  
http://www.forbes.com/sites/laurashin/2015/12/11/should-you-invest-in-bitcoin-10-arguments-in-favor-as-of-december-2015/

time to say welcome to New world in bitcoin industry and keep pump it  

[peonminer]

For the moment it dosent look like chines are too excited about passing 3000 yuan level.

Are they still sleeping at Saturday morning? Its 9:00 am there.

Do the Chinese banks process wires to exchanges on a Saturday morning? They don't do it in the west. How are the Chinese going to get past the 3000 yuan level until their wires from their banks arrive in the exchanges? Perhaps things will cool off until Monday when the banks open again.

That's cute. You think this actually has to do with humans on the baseline.

http://www.coindesk.com/bot-named-willy-did-mt-goxs-automated-trading-pump-bitcoin-price/

https://willyreport.wordpress.com/

V2.1 is what they have now. The last upswing was a bit violent, so some tweaks have been made. He's stronger now. More correction proof. On point with edging and floors. Spikes are beautiful and timed. This is Gentlemen.

Comparative to the ATH, and the ratio that the pump is growing, we're looking at a top out this time around $600-$680. Then back down to what ever floor you speculate. They aren't running it up in one go this time. A lot of big investors got screwed and mouthy; They keep it more esoteric now. Look at the 1W candles. We hit the floor @$156.00 which lasted all but a moment. The trend is in the upswing now. Rise after this, we should see $830-850 top. This will grow until we surpass the ATH. Then it's anybody's guess.

[TERA]

Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.

Maybe he just isn't a brilliant gifted guru like yourself. You come off like a pompous ass. 1st world problems, being glued to a computer screen, such torture. Some people actually work for a living.

If he's not profitable then that makes TWO reasons not to follow the market or trade. You are one who sounded like an asshole making an assumption that I make losses right off the bat because you have this vendetta against traders.  Also,  I have a full time job.

[keystroke]

For the moment it dosent look like chines are too excited about passing 3000 yuan level.

Are they still sleeping at Saturday morning? Its 9:00 am there.

... that's ok, we got the Indians, Koreans, Malaysians, Indonesians, South Africans, Russians, Ukrainians, Brazilians, Argentinians, Venezuelans coming on-line.

I'm currently in Buenos Aires and bitcoin is hot here but most remain skeptical and unaware, although they have 0% trust in the banks or their government's fiat. The new president took his oath of office yesterday and promises to remove the multiple exchange rate system. At the moment cell phones cost 2x more than they do in back in the land of the yankee due to import restrictions as well as other ridiculous policies of Kirchnerism.

[BlindMayorBitcorn]

If humans are going to survive for another million years we're going to have to start thinking about things like geoengineering and terraforming. Have you people even considered that?!

[Fatman3001]

Why torture yourself with following the market and trading if you're going to just use 2%? I only trade(d) to strike it rich and make significant increases in my btc, and I still hate it.

Maybe he just isn't a brilliant gifted guru like yourself. You come off like a pompous ass. 1st world problems, being glued to a computer screen, such torture. Some people actually work for a living.

You could say much the same about people who whine about being hung upside down and forced to listen to loud music for 72h.

Just hanging around, listening to music, whining. 1st world problems.

Having to constantly keep an eye on the charts can be exhausting.

[Fatman3001]

This rally is losing steam. Nobody wants to pay $450+. Everyone remembers what happened last time the price went this high this fast. When the bubble pops again, people are gonna get hurt.

Press F5

[ImI]

ccf

[brg444]

this is nuts 

[marcus_of_augustus]

If humans are going to survive for another million years we're going to have to start thinking about things like geoengineering and terraforming. Have you people even considered that?!

First, we'll need a modern monetary system ... and here we are.

Time to scrap some obsolete, broken systems and corrupt ways. Bulldoze, rebuild. Sure terraforming and interplanetary expansion sound like fun projects, just give me some sound capital, rule of law and a level playing-field to work with.

[Fatman3001]

If humans are going to survive for another million years we're going to have to start thinking about things like geoengineering and terraforming. Have you people even considered that?!

Do a search on "The Fermi Paradox" and one on "The Great Filter".

[Sturgeon]

today is good rate for bitcoin, from 420 to 450 growth +8%
i think we can reach $500 today 

Crazy bullish at weekend nice market 

[Fatman3001]

I'm writing a reply for just about every post.

That's a sign.

G'nite y'@ll !!1!!!1!

[JimboToronto]

This rally is losing steam. Nobody wants to pay $450+. Everyone remembers what happened last time the price went this high this fast. When the bubble pops again, people are gonna get hurt.

Yep, losing steam alright, all the way to over $460.

The people getting hurt are the shorters and those who sold too early.

Of course we'll have corrections along the way but this 5 month old uptrend is far from over.

[nioc]

If humans are going to survive for another million years we're going to have to start thinking about things like geoengineering and terraforming. Have you people even considered that?!

Humans in their current form have only been around for ~100,000 years.  Do you think we will survive our first million years?

Posted while playing poker and winning some btc