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

[Nightowlace]

how does one mortgage a family?

Loan Sharks. The love family members as collateral.

[1714526929]

1714526929

[1714526929]

1714526929

[granathus]

how does one mortgage a family?

Loan Sharks. The love family members as collateral.

Awesome. I'm gonna go ahead and mortgage my father in law righ now!

[mmitech]

how does one mortgage a family?

Loan Sharks. The love family members as collateral.

Awesome. I'm gonna go ahead and mortgage my father in law righ now!

maybe you mean your mother in law ? or maybe both of them hahahahahah

[macsga]

how does one mortgage a family?

Loan Sharks. The love family members as collateral.

Awesome. I'm gonna go ahead and mortgage my father in law righ now!

maybe you mean your mother in law ? or maybe both of them hahahahahah

How shouldn't I???

[granathus]

how does one mortgage a family?

Loan Sharks. The love family members as collateral.

Awesome. I'm gonna go ahead and mortgage my father in law righ now!

maybe you mean your mother in law ? or maybe both of them hahahahahah

My parents in law don't fit the stereotype, it's the father that is the beast in this case. Prolly wont get more than a couple of hundred bucks mortgage on him.

[aminorex]

You tell me how you would sell 100,000 coins in this market inside a month without destroying the global market.  

Sure, I will, after you tell me how you would sell 15 tonnes of gold in this market inside a month without destroying the global market.

Of course it's a nice problem to have and maybe liquidity will return.  One day.

Fiat liquidity is not currently a problem.  It's a lack of bitcoins.

[BitChick]

no new wires at gox today, it's a holiday in japan

So the Stamp/ btc-e  holiday deposits will arrive today, starting in a couple of hours.

Gox won't have any new ones today because it's a holiday, what about tomorrow?

tomorrow should be fine again.

stamp/btce wires will start soon but i don't know how far we can go without gox.

that's ok .. we can just chill here for a while ... back to trend now, feels mellow

This can't be right! You are predicting $1mil by the end of 2014!

Since I made that chart, i'll say use it with caution. If you make any trading decisions based on that chart you are on your own. It only contains data for part of the period, after the first large bubble in 2011. It also has to be expanded with a S-kind of ending at the top since it will obviously flatten out when saturation is reached. But it gives the best fit to the data for that time period.

Thank you Ducky1 for the beautiful chart!  It is perfect for a "bull" like me.  I figure since I am a hodler it can't hurt to dream big.  I actually printed it out and I was teasing BitChicksHusband that I wanted to enlarge it and frame it for our wall.  

[flm]

Looks like 500$ incoming

Its dropping fast! 

[wobber]

CRASH!

[Mad Scientist]

And.... the Panic Selling begins!

Sold one coin for 910, let's see what I can do with that.

[wobber]

And.... the Panic Selling begins!

Sold one coin for 910, let's see what I can do with that.

Up again! What kind of rollercoaster is this?

[waxaddict]

24hr low @ 965.

[Patel]

shiver me timbers its dropping fast

[MikeH]

I suspect it's just a bunch of people that regretted not selling a little btc at $1000 last time.

[Ducky1]

Since I made that chart, i'll say use it with caution. If you make any trading decisions based on that chart you are on your own. It only contains data for part of the period, after the first large bubble in 2011. It also has to be expanded with a S-kind of ending at the top since it will obviously flatten out when saturation is reached. But it gives the best fit to the data for that time period.

Whoa!!! Are you saying there's a chance of BTC not hitting 1mil in 2014?!?! I already mortgaged my house and my family based on your analysis!

Only a slight chance  

Seriously, since i'm not a ruthless kind of trader type, but rather a science kind of type I don't like to make people do anything they would not do anyway.

Btw, im thinking the explanation for the second log in the log-log chart might be hoarding, hodling or what you want to call it. As time goes by the people left holding the bitcoins are more and more likely to hold them longer, while the loose hodlers are shaken off. Thats also explains why the first big bubble in 2011 don't fit. Then there where not many hodlers, and they appeared after this first bubble (ref https://bitcointalk.org/index.php?topic=394221.0)

[iarsenaux]

Sold at 990 then bought back at 910 and hodling again. :p

[Ducky1]

Thank you Ducky1 for the beautiful chart!  It is perfect for a "bull" like me.  I figure since I am a hodler it can't hurt to dream big.  I actually printed it out and I was teasing BitChicksHusband that I wanted to enlarge it and frame it for our wall.  

Your welcome  Glad you liked it, I can make a higher res version for you if you want. Thank you for making me happy  

[donut]

Thank you Ducky1 for the beautiful chart!  It is perfect for a "bull" like me.  I figure since I am a hodler it can't hurt to dream big.  I actually printed it out and I was teasing BitChicksHusband that I wanted to enlarge it and frame it for our wall. 

Your welcome   Glad you liked it, I can make a higher res version for you if you want. Thank you for making me happy 

Can I haz the source xlsx please?

[Ivanhoe]

I think TA should be used with real caution now, since the fundamentals have improved and we have a lot of bigger players entering. Just some advice for the people who focus mainly on TA.

[aminorex]

Note that he doesn't say anything concrete in his posts.  That's so he can weasel out of people calling him on his BS.  Much like a palm reader.  My hunch is if he wasn't just pulling that Dec 14 advice out of his ass, he had inside info on Chinese regulation.  He doesn't move the markets.  Governments, businesses and sentiment move markets.  But that won't stop him from making people think he does.

Some interesting things about this post.  

Firstly, you seem to be responding to a straw man.  When I see this, I wonder: Why? You may be reacting to a monster of your imagination.  You may be reacting to a monster of the public imagination as you construe it.  

Secondly, why the bitter tone?  Ressentiment much?  Someone tries to give you helpful information, and you attribute all manner of venality to them.  Strange.  But I see this in many people.  When you try to help them to accomplish their goals, they get very irritated with you sometimes.  It can often discourage me from helping them, but I try not to let it get in my way too much.

Thirdly, these mass forces of which you speak only impact the market in as much as they cause fiat and/or bitcoin supplies to increase or decrease in the order book.  Everyone who participates in the market moves it.  The more fiat or coins they move, the more they move the market.  Since the market moves against the interest of the buyer or seller, one seeks to minimize that impact, not compound it.  Yet you seem to think loaded wants to compound his impact.  That must mean that you think he is trying to lose money, or else he is playing the game backwards.  I'd be interested to know how he is playing it backwards, if that is your model.

Personally, I think you have a paranoid view resulting from allowing jealousy of another's wealth to corrupt your ratiocination.  (But I may be reading too much into the negative spaces between your comments.)  If my diagnosis should be correct, the most helpful thing I can suggest is that you meditate upon the concept of natural selection.  Remember that some people in a large population will just be much more successful than you, with overwhelming probability, and there's nothing you can do about that, no matter how good you are, or how long or how hard you try.  It's okay to be number 2.  Actually, it's freaking amazing to be number 2.   You're already way past the mean and into the long tail at the upper end.  Chill.