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

[Vycid]

BACK TO THE TOPIC AT HAND.

$950 is broken at gox, $900 at stamp.

C H O O² = C H O O
                   H
                   O    
                   O      

[seleme]

DGC has the best coin name of all out there, it can't get better than Digital Coin really, ....

I think people underestimate the importance of the name - I'm sure it was a big contributor to google taking over the search space, there were a bunch of alternatives people used at the time.

I think worldcoin and erm, sexcoin are stand outs too.

WorldCoin and DigitalCoin are very similar ones, natural competitors. Both have good names, similarly fast transactions, similar services coming and pretty active devs and community. Though WDC supporters were extremely loud in last few weeks and took over DGC recently after being behind a lot for months. Guess it helped them that RealSolid bought loads with his new wealth.

[beetcoin]

http://www.theregister.co.uk/2013/12/12/bitcoin_gets_boost_with_25m_andreessenhorowitz_buy_into_coinbase/

whoa nice.. the more and more money that gets into BTC, the better for all of us 

[Bitcoines]

this guys are desperate -.-

http://video.foxbusiness.com/v/2929205916001/jpmorgan-taking-on-bitcoin-with-new-currency/

lol

[Nolo]

http://www.bbc.co.uk/news/magazine-25332746

[Richy_T]

Well, in all seriousness, I do expect the slump to be shorter than previous ones.  The infrastructure is on a good trajectory, and is more robust than it's ever been (with a very long way to go, still).  My take on overall public perception is that distrust and skepticism are lower than ever.

proudhon has gone full bulltard. hmm.

wake up Walsoraj your the only bear and you sold everything already

I edited my post:

"The only logical conclusion is that we are in the greatest bulltrap of all time."

The Universe is the greatest bulltrap of all time. Damn entropy.

[Richy_T]

Is 4Chan the most idiotic site ever that became big?

Facebook.

[Bitcoines]

Is 4Chan the most idiotic site ever that became big?

Facebook.

+1

[Richy_T]

http://www.bbc.co.uk/news/magazine-25332746

Ah, the old "Bitcoin can't succeed because it doesn't do the things that have caused such things to fail in the past" gambit. Carry on.

[seleme]

Is 4Chan the most idiotic site ever that became big?

Facebook.

Facebook has it's useful things to be honest, you can connect with your friends, family etc.. 4Chan is just retarded.

[seleme]

It seriously doesn't look good for my btc short position now, looks like I'm going to get busted there heavily. Only some big dump could save me.

I should know better when I saw those big ask walls on Stamp and Bitfinex at 840-850 being eaten in no time. Big mistake.

[gog1]

It seriously doesn't look good for my btc short position now, looks like I'm going to get busted there heavily. Only some big dump could save me.

I should know better when I saw those big ask walls on Stamp and Bitfinex at 840-850 being eaten in no time. Big mistake.

Tomorrow's Friday, you may get your Friday dump.

[Vycid]

It seriously doesn't look good for my btc short position now, looks like I'm going to get busted there heavily. Only some big dump could save me.

I should know better when I saw those big ask walls on Stamp and Bitfinex at 840-850 being eaten in no time. Big mistake.

Sorry it's turned out so poorly.

Why on earth did you decide to short? Or do you mean you sold part of your position when you say "short"?

[TERA]

This is like the bounce from 120 to 145 in april, after the drop from 165 and before the drop to 80.



The symmetry.

[seleme]

It seriously doesn't look good for my btc short position now, looks like I'm going to get busted there heavily. Only some big dump could save me.

I should know better when I saw those big ask walls on Stamp and Bitfinex at 840-850 being eaten in no time. Big mistake.

Tomorrow's Friday, you may get your Friday dump.

That's why I went short in first place but it keeps getting further from me so far. Shorted it too fucking early. I've made 3.5k$ shorting btc yesterday but I'm like 4.5-5k in losing position today.

[TiagoTiago]

We are in dire need of a resurgment(sp?) of the Usenet approach, where a bunch of different people just synchronized their message databases, where no single company had control over so many people's online social life, and anyone could get in the busyness...

Centralization is bad for the Internet, and bad for it's users.

[Vycid]

This is like the bounce from 120 to 145 in april, after the drop from 165 and before the drop to 80.



The symmetry.

Hmm, all I see is the post-overshoot ringing pattern, same as April. That tells me we're settling somewhere near this price, and the long-term aftermath of April would tell me we'd be in for a bear market after the price settles.

But the positive news cycle hasn't slowed ($25M for Coinbase in Series B? Are you kidding me?), so the bear market will probably be exceptionally brief, if it manifests at all.

[gog1]

It seriously doesn't look good for my btc short position now, looks like I'm going to get busted there heavily. Only some big dump could save me.

I should know better when I saw those big ask walls on Stamp and Bitfinex at 840-850 being eaten in no time. Big mistake.

Tomorrow's Friday, you may get your Friday dump.

That's why I went short in first place but it keeps getting further from me so far. Shorted it too fucking early. I've made 3.5k$ shorting btc yesterday but I'm like 4.5-5k in losing position today.

Short more! "average up"!  

[seleme]

It seriously doesn't look good for my btc short position now, looks like I'm going to get busted there heavily. Only some big dump could save me.

I should know better when I saw those big ask walls on Stamp and Bitfinex at 840-850 being eaten in no time. Big mistake.

Sorry it's turned out so poorly.

Why on earth did you decide to short? Or do you mean you sold part of your position when you say "short"?

I shorted about 30 BTC but with Bitfinex 4:1 margin, lol.

Everything was pointing to drop really. But I made mistake for not reacting after some big ask walls were eaten on Stamp and Bitfinex at 840-850. Either by closing my short position or leveraging it with some long at that point.

People that went long at those walls are ones who pushed this rally, it started there at Stamp and Bitfinex, Gox was pretty dead at that point.

[Vycid]

This is like the bounce from 120 to 145 in april, after the drop from 165 and before the drop to 80.



The symmetry.

Hmm, all I see is the post-overshoot ringing pattern, same as April. That tells me we're settling somewhere near this price, and the long-term aftermath of April would tell me we'd be in for a bear market after the price settles.

But the positive news cycle hasn't slowed ($25M for Coinbase in Series B? Are you kidding me?), so the bear market will probably be exceptionally brief, if it manifests at all.

Here's what I'm talking about. Top is March-April. Bottom is prior 60d.





The ringing cycle is shorter (system is more highly damped) because the market is larger and confidence is greater.

Similarly I expect a shorter bear market, if it manifests at all.

On the other hand, bulls will be pleased to know that I said this a month ago at the giant beartrap, shortly before it established new ATHs.

Another sell off developing.

Yup, typical "ringing" pattern after the overshoot blow-off. Same as April.

Yawn. Predictable.

We can either look at this as me being wrong, or there having been two consecutive bubbles. I prefer the latter.