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

[GreekGeek]

such consolidation, much fear, so fiat, (not)very profit, wow

I switch to DOGE
 

[1714827665]

1714827665

[mmitech]

you silly boy. not only do you gamble your money, now you gamble your ego.

read his previous post at me.....then u may understand where I am coming from...

....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong.

The Bitcoin nutter is a simple creature and not hard to outwit.

really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way.
margin calls pay my bills.

Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement.

this is what he didnt like when he said that Bitcoin is a bubble, and he would not pay 3 or 4 or 5 times more than the "real" price of a bitcoin, but then he didnt like my answer, from there on you are up to date

Ha, everyone wishes things to go on their desired directions, your mind fool you to the point that your desire become the only logic, this is only a fact, the difference between us is that I use common sense, and I am in position that I would profit either ways, Bitcoin goes down buy more, bitcoin goes up yay Wink

I don't predict the future, and I am no TA expert, but I can check the adoption rate and the madness going around Bitcoin now, we never had this attention, we never had businesses racing to adopt Bitcoin we never had these amount of startups we never had all of the new kind of projects leading building around Bitcoin infrastructure and we certainly never had this amount of new users.

I do not think that the infrastructure reflect the price of Bitcoin yet, but as always this will follow and catch up faster than you think, I think a smart person in doubt of the current price could just buy in small batches to average up and make sure to not miss ......


I am the biggest Idiot that I try to explain obvious things to some people, you are welcome Wink

[chessnut]

you silly boy. not only do you gamble your money, now you gamble your ego.

read his previous post at me.....then u may understand where I am coming from...

....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong.

The Bitcoin nutter is a simple creature and not hard to outwit.

really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way.
margin calls pay my bills.

Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement.

there is no limit to how much you can lose when you are shorting the market, and just ask matt when he plans to get out if the market goes up.
I dont see a down trend, I see a large correction come and gone. the downtrend was over when price broke $1000 last time, and $1000 is in reach regardless of trend.

[oda.krell]

you silly boy. not only do you gamble your money, now you gamble your ego.

read his previous post at me.....then u may understand where I am coming from...

....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong.

The Bitcoin nutter is a simple creature and not hard to outwit.

really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way.
margin calls pay my bills.

Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement.

there is no limit to how much you can lose when you are shorting the market, and just ask matt when he plans to get out if the market goes up.
I dont see a down trend, I see a large correction come and gone. the downtrend was over when price broke $1000 last time, and $1000 is in reach regardless of trend.

I don't see a downtrend either, but neither do I see (or anyone who isn't delusional) an uptrend. Consolidation, with an unclear destination. That was my point though: I don't see a problem with betting on the market moving sideways to downwards. I *do* see a problem with risk management when shorting this market for any amount of time longer than a few hours to a day during a clear major corrective move.

[chessnut]

you silly boy. not only do you gamble your money, now you gamble your ego.

read his previous post at me.....then u may understand where I am coming from...

....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong.

The Bitcoin nutter is a simple creature and not hard to outwit.

really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way.
margin calls pay my bills.

Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement.

there is no limit to how much you can lose when you are shorting the market, and just ask matt when he plans to get out if the market goes up.
I dont see a down trend, I see a large correction come and gone. the downtrend was over when price broke $1000 last time, and $1000 is in reach regardless of trend.

I don't see a downtrend either, but neither do I see (or anyone who isn't delusional) an uptrend. Consolidation, with an unclear destination. That was my point though: I don't see a problem with betting on the market moving sideways to downwards. I *do* see a problem with risk management when shorting this market for any amount of time longer than a few hours to a day during a clear major corrective move.

I think we agree then =) but you may have missed a bit of the conversation in various oter posts.

[TERA]

you silly boy. not only do you gamble your money, now you gamble your ego.

read his previous post at me.....then u may understand where I am coming from...

....and thing is, when I pit my ego against the ego of 'The Bitcoin Nutter', sometimes I get slapped down.....but most of the time, I don't. Most of the time, I am right and they are wrong.

The Bitcoin nutter is a simple creature and not hard to outwit.

really matt we are trying to help, you are not in the right mind frame for a trader. I sense you have a lot at stake if this doesn't go your way.
margin calls pay my bills.

Not sure what this is about... that he's leveraging? Or that he thinks the we're in an overall downtrend? Because pointing out about the former that it is quite risky for a volatile beast like Bitcoin makes sense to me, but I see nothing wrong with the latter statement.

there is no limit to how much you can lose when you are shorting the market, and just ask matt when he plans to get out if the market goes up.
I dont see a down trend, I see a large correction come and gone. the downtrend was over when price broke $1000 last time, and $1000 is in reach regardless of trend.

I don't see a downtrend either, but neither do I see (or anyone who isn't delusional) an uptrend. Consolidation, with an unclear destination. That was my point though: I don't see a problem with betting on the market moving sideways to downwards. I *do* see a problem with risk management when shorting this market for any amount of time longer than a few hours to a day during a clear major corrective move.

I wouldn't call the bulls delusional per se, it's just the gox chart looks deceptively moonish. I think many of the bulls are thinking something like this:

[chessnut]

I don't see a downtrend either, but neither do I see (or anyone who isn't delusional) an uptrend. Consolidation, with an unclear destination. That was my point though: I don't see a problem with betting on the market moving sideways to downwards. I *do* see a problem with risk management when shorting this market for any amount of time longer than a few hours to a day during a clear major corrective move.

I wouldn't call the bulls delusional per se, it's just the gox chart looks deceptively moonish. I think many of the bulls are thinking something like this:


[/quote]

guilty as charged. I think at the very lest its a good reason not to go short.

[oda.krell]

[...]

I think we agree then =) but you may have missed a bit of the conversation in various oter posts.

Good point.

One thing though: people really need to start paying less attention to mtgox. Definitely not looking at it in isolation. It'll cost you money if you (not "you" personally, I mean) still think mtgox is the market leader in any meaningful sense.

[ShroomsKit]

The same thing can be said for [sensored]Dogecoins[/sensored]. I am pretty sure the rate of adoption for doge coins is comparable to bitcoins right now.

Now that i call delusion.

Completely delusional.

[TERA]

[...]

I think we agree then =) but you may have missed a bit of the conversation in various oter posts.

Good point.

One thing though: people really need to start paying less attention to mtgox. Definitely not looking at it in isolation. It'll cost you money if you (not "you" personally, I mean) still think mtgox is the market leader in any meaningful sense.

Well it's the same wedge break on all exchanges but gox's order book looks the most lopsided and ready to explode. Bitstamp's order book looks more balanced, and btce+huobi don't publish their whole order book.

[TakeTheSkyRoad]

1. Nobody takes this thread seriously
2. Does complaining about "dog manure" and "rotten dog money" make for higher quality posts, or just more noise?

This thread should be renamed "Bitcointalk Troll House - also sometimes Wall Observing".

I wonder how many older potential investors get scared away by our troll generation.

I'm a regular reader since about June last year and it's an acquired skill to mentally filter through the last few pages each day.
I immediately filter out the charts edited in paint, memes, trains, bottoms (brief pause tho), nested replies from yesterday's drivel, new drivel.

What remains is the odd gem of insightful advice which is generally worth effort.
(not much effort, maybe a minute per page)

In reply to point 1 though.... this is an internet forum and nothing should be taken seriously.
As I stated above the circus does have it's uses though

[TERA]

What? I can't understand what your'e doing overlaying stamp on gox and then using gox's line to stay that the wedge on stamp isn't broken, but here is stamp...

[ChartBuddy]

Explanation

[oda.krell]

What? I can't understand what your'e doing overlaying stamp on gox and then using gox's line to stay that the wedge on stamp isn't broken, but here is stamp...

removed my previous graph already, didn't notice tradingview kept the gox scale after adding bitstamp data.



So, yes, I agree, the trend broke on bitstamp as well. the overall picture is however still substantially less convincing on stamp. if we get near 850 again I consider a longer lasting reversal a possibility, but until then, I only see a *break* in a very clear downtrend since Jan 5, not a *reversal*.

[TERA]

So is that bot on mtgox going to buy us all the way up to $10,000, 20btc at a time?

[Ducky1]

So is that bot on mtgox going to buy us all the way up to $10,000, 20btc at a time?

It should take about 10 days   

[fotosonics]

http://m.us.wsj.com/articles/BL-DGB-32150

All bullshit. No good news is good news. No reflection in price, cashing out, thx bye.

[Chancellor]

Now 500 BTC wall @821 has been attacked on BitStamp. Will see if it will be eaten or raised.

[Feri22]

Who is bored? C'mon bitcoin, do something...

[mmitech]

I really cant buy that Huobi have such large volume, so beside the 0% fee how people do deposits and withdrawals ? I cant figure out why BTCChian went from the biggest exchange in the world to one with very low volume, because of the whole china situation Huobi became the biggest exchange, for what reason ?


any one of you here have any confirmed information about this ?