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Question: When New ATH?
Apr. 11 - 2 (5.4%)
Apr. 12 - 3 (8.1%)
Apr. 13 - 4 (10.8%)
Apr. 14 - 5 (13.5%)
Apr. 15 - 4 (10.8%)
Apr. 16 - 1 (2.7%)
Apr. 17 - 4 (10.8%)
After Apr. 17 - 14 (37.8%)
Total Voters: 37

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 25252837 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (157 posts by 13 users deleted.)
fonzie
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January 23, 2014, 07:55:01 PM
 #78801

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
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T.Stuart
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January 23, 2014, 07:57:34 PM
 #78802

http://www.coindesk.com/australian-bus-commuters-soon-pay-fares-bitcoin/
T.Stuart
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January 23, 2014, 08:02:08 PM
 #78803

None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

People have to accept Bitcoin before you can buy things in Bitcoin. With enough of a network effect, those who were converting $$$ to BTC will start holding BTC back to pay their suppliers. People getting on board is long-term bullish even if they are starting out with immediate conversion.

And importantly, practically every customer who opens a Bitcoin wallet will buy more Bitcoin than they spend. You don't make a habit of carrying your wallet around empty wherever you go do you (if you can help it!)? People will keep some Bitcoin in their wallet. So more merchant adoption = more Bitcoin will be bought than spent in this context for the foreseeable future.
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January 23, 2014, 08:02:30 PM
 #78804

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom
ChartBuddy
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January 23, 2014, 08:02:34 PM
 #78805


Explanation
Davyd05
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January 23, 2014, 08:03:13 PM
 #78806

Just give me one little downward move. Had been waiting days for that retest of 800. If we can revisit 780-790 just one more time.... Smiley

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Yep.  Smiley

but they are so small (red candles).. they don't even add up to a candle of 2 medium volume drop days.. this is just laggard fear of China saying no again...which is really like a kid saying no to going to bed when he's sleepy.
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January 23, 2014, 08:05:33 PM
 #78807

None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

People have to accept Bitcoin before you can buy things in Bitcoin. With enough of a network effect, those who were converting $$$ to BTC will start holding BTC back to pay their suppliers. People getting on board is long-term bullish even if they are starting out with immediate conversion.

And importantly, practically every customer who opens a Bitcoin wallet will buy more Bitcoin than they spend. You don't make a habit of carrying your wallet around empty wherever you go do you (if you can help it!)? People will keep some Bitcoin in their wallet. So more merchant adoption = more Bitcoin will be bought than spent in this context for the foreseeable future.

No, bitcoin has been proven to be a failcurrency already.  Just see all the simple facts.  For one thing, it's already like 5 years old and it doesn't even have 1 billion users yet.  Also, just look at the price.  It isn't even making new ATHs anymore, which demonstrates in a confirmed way that it has failed.

Edit:

I forgot to add another devastating fact from confirmed sources.  When companies like Overstock implement bitcoin we see it gets used "a lot" for the first few days and then usage drops off after a while.  The fact that Overstock's entire customer base isn't using bitcoin yet demonstrates in yet another conclusive and verifiable way that the whole system is a failure.  This is all proven.  You can check it with a simple google search.
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January 23, 2014, 08:06:42 PM
 #78808

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom

suppose it depends where you live in the world its Thursday 23 @ 3:04pm here. However even if goes 5 deep it just means the slowest slide to 800 we ever saw.

edit: Proudhon is prime of example of why we need better mental healthcare globally
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January 23, 2014, 08:07:55 PM
 #78809

None of these companies are going to accept bitcoins directly. Payment through a payment processor is not bullish. It indirectly causes selling pressure on exchanges.

The reasons we didn't see much selling pressure after Overstock is because so few are actually buying things with bitcoin. Overstock did 500k sales total since Jan 9. 125k was on the first day... That is a huge dropoff. Bitcoin = failcurrency.

People have to accept Bitcoin before you can buy things in Bitcoin. With enough of a network effect, those who were converting $$$ to BTC will start holding BTC back to pay their suppliers. People getting on board is long-term bullish even if they are starting out with immediate conversion.

And importantly, practically every customer who opens a Bitcoin wallet will buy more Bitcoin than they spend. You don't make a habit of carrying your wallet around empty wherever you go do you (if you can help it!)? People will keep some Bitcoin in their wallet. So more merchant adoption = more Bitcoin will be bought than spent in this context for the foreseeable future.

No, bitcoin has been proven to be a failcurrency already.  Just see all the simple facts.  For one thing, it's already like 5 years old and it doesn't even have 1 billion users yet.  Also, just look at the price.  It isn't even making new ATHs anymore, which demonstrates in a confirmed way that it has failed.

shit more confirmed bad news.
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January 23, 2014, 08:09:13 PM
 #78810

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom

However even if goes 5 deep it just means the slowest slide to 800 we ever saw.


Maybe I misunderstood something, but do people really still believe there is going to be a China crash now?



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January 23, 2014, 08:09:25 PM
 #78811

I added this to my above post, but I want to make sure people see it as it is helpful confirmed bad news to show why SHOTRING bitcoin on maximum leverage is a winning strategy.  Here, I'll quote a verified source:

Quote
I forgot to add another devastating fact from confirmed sources.  When companies like Overstock implement bitcoin we see it gets used "a lot" for the first few days and then usage drops off after a while.  The fact that Overstock's entire customer base isn't using bitcoin yet demonstrates in yet another conclusive and verifiable way that the whole system is a failure.  This is all proven.  You can check it with a simple google search.
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January 23, 2014, 08:11:54 PM
 #78812

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom

With less than four hours to go on bitcoincharts, This will be the first time since early September of last year that we have four red-candle days consecutively. Considering the low volume, I read this as bullish, but we need a good-sized down-tick to put blood in the water and ignite the feeding frenzy.
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January 23, 2014, 08:31:29 PM
 #78813

Welcome Tigerdirect!!!!!!!  Grin
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January 23, 2014, 08:37:20 PM
 #78814

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom

With less than four hours to go on bitcoincharts, This will be the first time since early September of last year that we have four red-candle days consecutively. Considering the low volume, I read this as bullish, but we need a good-sized down-tick to put blood in the water and ignite the feeding frenzy.

so your bullish that it will go down

interesting

a falling price on low volume isnt bullish

we are going to 0 poeple wake up!
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January 23, 2014, 08:38:26 PM
 #78815


This plays out one of two ways. If the PBOC allows loads of small banks and lenders to go bust then this is positive for CNY as money become scarce, prices (and assets) face downward pressure. Or, if the PBOC caves in (as usual) and prints a few more trillion CNY to bail out banks then this is negative for CNY as the system is flooded with more cash, prices rise, Bitcoin rises too.

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January 23, 2014, 08:39:54 PM
 #78816

bulls bears everywhere. And the price has done NOTHING for about 14 days.
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January 23, 2014, 08:40:04 PM
 #78817

http://www.scanvine.com/

Tiger direct trending # 7 on Scanvine....
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January 23, 2014, 08:41:46 PM
 #78818

We´re probably about to get the 5th red daily candle on Stamp in a few hours, that´s bullish isn´t it?
Aren't we still just working on the 4th red candle? At least according to wisdom

However even if goes 5 deep it just means the slowest slide to 800 we ever saw.


Maybe I misunderstood something, but do people really still believe there is going to be a China crash now?





There's still that possibility. As far the chances of that happening is the current game. In a catastrophic even China would close Huobi and confiscating all the BTC holding, that surely would crash the whole market. Personally i think chances of that ever happening are moderately low (and partially already priced in). Chances of Chinese cracking down on the very first day the new law goes into effect are slim to none. So 31st/1st should be a good day. This weekend shouldn't be bad either.
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January 23, 2014, 08:44:13 PM
 #78819

I added this to my above post, but I want to make sure people see it as it is helpful confirmed bad news to show why SHOTRING bitcoin on maximum leverage is a winning strategy.  Here, I'll quote a verified source:

Quote
I forgot to add another devastating fact from confirmed sources.  When companies like Overstock implement bitcoin we see it gets used "a lot" for the first few days and then usage drops off after a while.  The fact that Overstock's entire customer base isn't using bitcoin yet demonstrates in yet another conclusive and verifiable way that the whole system is a failure.  This is all proven.  You can check it with a simple google search.

Prouhon is Andy Kaufman and I claim my ฿5.
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January 23, 2014, 08:44:21 PM
 #78820

404


Doh

http://www.rtcons.com/bcimages.html
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