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

[dumbfbrankings]

Oh oh.... here we go again.

https://twitter.com/cnLedger/status/744528738113642499

Prepare for liftoff!  

Hope everyJuan got their bids filled before these wide-eyed rubes shrewd value investors arrive on the order books.

$800 2nite?

Well, thanks for asking, dumbfbrankings.  I was able to sell several coins on the rise from around $670 to $778, and then to pick up several coins with those proceeds on the two price drops that brought us into the lower $700s and the $720s...

So, yeah, currently feeling pretty decently stocked up at the moment for another potential upwards boost, but as we all likely know, nothing is guaranteed in bitcoinlandia.  

I recall that there was a similar feeling of price stickiness in the $400s with several price drops in those territories and uncertainties regarding whether price would break through the $470s, and when prices finally broke upwards, it paid off to be stocked up on lillie friends, aka bitcoins.  

We are still fairly newly arrived to the $700s (been here less than a week), so hopefully, this appearance of mid $700s stickiness is not as difficult to overcome in the coming weeks, or even in the coming day as you seem to be suggesting in your trolling kind of sarcastic manner.

That's a tidy profit of several hundred dollars. Nice work JJG, keep it up, I'm proud of you. 

[1714674350]

1714674350

[JayJuanGee]

Oh oh.... here we go again.

https://twitter.com/cnLedger/status/744528738113642499

Prepare for liftoff!  

Hope everyJuan got their bids filled before these wide-eyed rubes shrewd value investors arrive on the order books.

$800 2nite?

Well, thanks for asking, dumbfbrankings.  I was able to sell several coins on the rise from around $670 to $778, and then to pick up several coins with those proceeds on the two price drops that brought us into the lower $700s and the $720s...

So, yeah, currently feeling pretty decently stocked up at the moment for another potential upwards boost, but as we all likely know, nothing is guaranteed in bitcoinlandia.  

I recall that there was a similar feeling of price stickiness in the $400s with several price drops in those territories and uncertainties regarding whether price would break through the $470s, and when prices finally broke upwards, it paid off to be stocked up on lillie friends, aka bitcoins.  

We are still fairly newly arrived to the $700s (been here less than a week), so hopefully, this appearance of mid $700s stickiness is not as difficult to overcome in the coming weeks, or even in the coming day as you seem to be suggesting in your trolling kind of sarcastic manner.

That's a tidy profit of several hundred dollars. Nice work JJG, keep it up, I'm proud of you. 

Well, my perspective is a bit different from that.  As you likely realize my story of investing in bitcoin since November 2013, I have been buying and accumulating with money that I do not need in the short term, and largely I have been considering the whole matter a longer term investment, so yeah any assessment of "profits" largely gets folded back into the fund.

Accordingly, whether it is a hobby or an active way of monitoring my holdings, I sell on the way up and buy on the way down in order to attempt to stack preparations for future price movements in either direction.. and surely sometimes that ends up being profits to kind of maintain the same number of coins, even while the price is going up but also to have a stack of cash on the sides.. It works pretty well, but it is a bit time consuming, so yeah sometimes making $10 on a trade may not seem like very much, but the whole practice does seem to stack up the BTC and the dollars in a nice way to make it seem to be really long term profitable when finally wanting to start to draw on the money in the fund.


Also, sometimes some trades may not appear to be profitable in the shorter term - for example when i was selling bitcoins lower than my average price, or when I am buying back higher than my average price - but in the end, and in the longer run, the whole practice does seem to bring down average costs per BTC.

[Torque]

You seem to be the one with your head in the sand and helping to distribute these kinds of extraordinary manipulation theories without proof.  Yeah, of course there is some manipulation going on in the bitcoin space because the market cap remains small, and prices are largely set by a subset of coins on exchanges.  Nonetheless, the demand for bitcoins is larger, more complicated and much more distributed and organic than you seem to be attempting to make out with your overly conspiratorial speculations about what folks are doing.

If there were really rich people manipulating bitcoin, they would have a lot of incentives to keep the price below $500, but they kind of lost control over that in the past few weeks, to the extent that some of those folks were attempting to contain bitcoin.  Once price got passed $500, it has become very difficult to contain bitcoin and to get the prices to go back down.. Sure in the end there are manipulation successes, and sure they may be able to get bitcoin's price to crash.. but at the moment there is a lot of organic upwards price pressures that is making it tough, even for manipulators, to contain this bitcoin beast.

JJG, you completely misread me.  I'm saying that if the whale [group? cabal?] wants bitcoin to go up, it will go up.  Like it has since Oct. 2015.  Thousands of Average Joes didn't suddenly come rushing into the market @ ~200/btc in October and start buying up bitcoin to where it is now.  The whales did. And right now they aren't trying to push it down, they're trying to pump it up.

Get it?

[bitebits]

Only roughly 15.6M coins available in existence. Come Can't get them while they are hot in ice cold storage. You aren't having mine just yet Mr China man.

FTFY.

[Fakhoury]

After we've passed Twitter market cap, we've a new target.

News URL : https://twitter.com/Sir_Lebowski/status/744439904340410368

[toknormal]

I wish Brother JohnF would return with his bitcoin report.

"Hello everybody, time for another bitcoin report. This is the Mt Gox 4-Hour chart from Clark Moody's. We currently have approx 6500 coins on offer and around 10,000 on demand."

[inca]

Not long before bitcoin tries to push higher ..

[yui]

Yes we can feel this higher sizzling

[DARKHOLDER]

Here we go UP again!

[glorywhole]

Those who were already there in 2013 (and 2011...) aren't waiting for a new Willy, they are expecting sustainable, reality-based growth.

Right on!

https://s31.postimg.org/7rb5p4317/Capture.gifhttps://s32.postimg.org/3o1succdh/Capture.gif

Natural, organic growth^TM

That's correct about natural and organic growth, even though your chart only shows a very short and recent period (the past couple of days).

First one shows the past three years, second a few hours. You can't read charts, there's your problem right there

So what?  my point still stands regarding your lacking in analytical substance based on a broader context, and that shows in part by your a broad view and a narrow view and then <snip!>

No, wrong again. Your point does not stand.
You can't tell the difference between years, days, and hours. So your point is shit. Due to your stupidity in general, and inability to read charts in particular.

Furthermore, you are a blathering, blithering booby. Until I train you to redact, all by yourself, your stupid, rambling, and, worst of fucking all, excruciatingly long thoughts, I will do it for you. By deleting all but the very first line of your shitty posts.

I'm not joking, JJG, it's time someone took you in hand. Everything that doesn't fit in the first line? Into the trash it goes.

[Riddikulo]

The Ethereum hacks slows down the bitcoin raise.

[toknormal]

I wish Brother JohnF would return with his bitcoin report.

"Hello everybody, time for another bitcoin report. This is the Mt Gox 4-Hour chart from Clark Moody's. We currently have approx 6500 coins on offer and around 10,000 on demand."

Haha, I was just going through his bitcoinreport website and couldnt find any. Man, those were great videos! He is still doing videos for the metals, though.
It would be nice if he did them again.

Yeah - they've never been bettered. He must be tempted with all the action - maybe waiting for it to get past the ATH.

[JayJuanGee]

You seem to be the one with your head in the sand and helping to distribute these kinds of extraordinary manipulation theories without proof.  Yeah, of course there is some manipulation going on in the bitcoin space because the market cap remains small, and prices are largely set by a subset of coins on exchanges.  Nonetheless, the demand for bitcoins is larger, more complicated and much more distributed and organic than you seem to be attempting to make out with your overly conspiratorial speculations about what folks are doing.

If there were really rich people manipulating bitcoin, they would have a lot of incentives to keep the price below $500, but they kind of lost control over that in the past few weeks, to the extent that some of those folks were attempting to contain bitcoin.  Once price got passed $500, it has become very difficult to contain bitcoin and to get the prices to go back down.. Sure in the end there are manipulation successes, and sure they may be able to get bitcoin's price to crash.. but at the moment there is a lot of organic upwards price pressures that is making it tough, even for manipulators, to contain this bitcoin beast.

JJG, you completely misread me.  I'm saying that if the whale [group? cabal?] wants bitcoin to go up, it will go up.  Like it has since Oct. 2015.  Thousands of Average Joes didn't suddenly come rushing into the market @ ~200/btc in October and start buying up bitcoin to where it is now.  The whales did. And right now they aren't trying to push it down, they're trying to pump it up.

Get it?

I agree that maybe I am being overly critical of your ultimate conclusion, whether bearish or bullish, but in the end, I  still don't agree with your point about manipulation, whether that manipulation is for the good or for the bad.

Sure, manipulation in the bitcoin market exists, especially capable of being accomplished with a small amount of capital when bitcoin's market cap remains relatively small and also while bitcoin's price is largely directed through exchanges that hold only a small amount of bitcoin's total value. 

In any event, I still do not buy how much emphasis and weight that you are giving to the manipulation theory.. There still remains limits pertaining to how much entities want to attempt to manipulate beyond trends, and they may be able to manipulate on small levels, but they cannot really contain it... and really large financial interests, if they could, would have been much more interested in keeping bitcoin below $500 for another couple of years.. it is not in their interest to allow bitcoin to go above and to stay above $500 and thus the manipulators have lost quite a bit of control over the price (not completely but quite a bit because they are only willing and able to lose so much money in fighting the upwards price trend that is currently taking place).

So, maybe we are saying things in different ways in order not to communicate too well, but I don't think that I misunderstand you in any kind of significant, material and or meaningful way.

[toknormal]

The "Quench" has been activated.

[glorywhole]

The Ethereum hacks slows down the bitcoin raise.

The only reason Bitcoin hasn't crashed is people panicking & cashing out into BTC. Let's not be ungrateful.

[JayJuanGee]

Those who were already there in 2013 (and 2011...) aren't waiting for a new Willy, they are expecting sustainable, reality-based growth.

Right on!



Natural, organic growth^TM

That's correct about natural and organic growth, even though your chart only shows a very short and recent period (the past couple of days).

First one shows the past three years, second a few hours. You can't read charts, there's your problem right there

So what?  my point still stands regarding your lacking in analytical substance based on a broader context, and that shows in part by your a broad view and a narrow view and then <snip!>

No, wrong again. Your point does not stand.
You can't tell the difference between years, days, and hours. So your point is shit. Due to your stupidity in general, and inability to read charts in particular.

Furthermore, you are a blathering, blithering booby. Until I train you to redact, all by yourself, your stupid, rambling, and, worst of fucking all, excruciatingly long thoughts, I will do it for you. By deleting all but the very first line of your shitty posts.

I'm not joking, JJG, it's time someone took you in hand. Everything that doesn't fit in the first line? Into the trash it goes.

Your meritless personal attacks go to support your inability (through incapacity/failure/refusal) to argue the point that you are attempting (but failing) to make regarding your attempt to criticize claims of natural organic bitcoin growth.

[JayJuanGee]

The Ethereum hacks slows down the bitcoin raise.

The only reason Bitcoin hasn't crashed is people panicking & cashing out into BTC. Let's not be ungrateful.

For another dumb, superficial and unsupported theory.. see above statement by newbie:  glorywhole.

  

[LFC_Bitcoin]

The Ethereum hacks slows down the bitcoin raise.

The only reason Bitcoin hasn't crashed is people panicking & cashing out into BTC. Let's not be ungrateful.

Ethereum is dead my child, please don't waste any time considering any kind of investment into that failed, seriously flawed altcoin.

[toknormal]

Ethereum is dead my child

I doubt it.

[LFC_Bitcoin]

Ethereum is dead my child

I doubt it.

You're an ETH HODLER according to your post history.