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Question: When will BTC get back above $70K:
7/14 - 0 (0%)
7/21 - 1 (0.8%)
7/28 - 11 (9.1%)
8/4 - 16 (13.2%)
8/11 - 7 (5.8%)
8/18 - 6 (5%)
8/25 - 8 (6.6%)
After August - 72 (59.5%)
Total Voters: 121

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26485209 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. (174 posts by 3 users with 9 merit deleted.)
elasticband
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January 24, 2015, 03:42:49 PM

it's haggis day the morn  Grin boiled lambs innards   Cool



Address to a Haggis

Fair fa' your honest, sonsie face,
Great chieftain o the puddin'-race!
Aboon them a' ye tak your place,
Painch, tripe, or thairm:
Weel are ye worthy o' a grace
As lang's my arm.

The groaning trencher there ye fill,
Your hurdies like a distant hill,
Your pin wad help to mend a mill
In time o need,
While thro your pores the dews distil
Like amber bead.

His knife see rustic Labour dight,
An cut you up wi ready slight,
Trenching your gushing entrails bright,
Like onie ditch;
And then, O what a glorious sight,
Warm-reekin, rich!

Then, horn for horn, they stretch an strive:
Deil tak the hindmost, on they drive,
Till a' their weel-swall'd kytes belyve
Are bent like drums;
The auld Guidman, maist like to rive,
'Bethankit' hums.

Is there that owre his French ragout,
Or olio that wad staw a sow,
Or fricassee wad mak her spew
Wi perfect scunner,
Looks down wi sneering, scornfu view
On sic a dinner?

Poor devil! see him owre his trash,
As feckless as a wither'd rash,
His spindle shank a guid whip-lash,
His nieve a nit;
Thro bloody flood or field to dash,
O how unfit!

But mark the Rustic, haggis-fed,
The trembling earth resounds his tread,
Clap in his walie nieve a blade,
He'll make it whissle;
An legs an arms, an heads will sned,
Like taps o thrissle.

Ye Pow'rs, wha mak mankind your care,
And dish them out their bill o fare,
Auld Scotland wants nae skinking ware
That jaups in luggies:
But, if ye wish her gratefu prayer,
Gie her a Haggis
yefi
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January 24, 2015, 03:45:23 PM

somebody fucked up buying ltc on btc-e
Looks like the beginning of a pump... Cool
shmadz
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January 24, 2015, 03:50:35 PM

Is it time to buy yet? Dont want to miss the time when it will be confirmed to go up from there forever.


Only dinosaur TA can determine the true bottom.

We need more dinosaurs!

*I'm imagining right now a big ass Brontosaurus who had his neck down taking a sip from the lake now raising his head to take a look around*
NotLambchop
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January 24, 2015, 03:52:55 PM

it's haggis day the morn  Grin boiled lambs innards   Cool


...

>haggis, neeps, and tatties

Disgusting enough that you people eat this shit, but neeps and tatties?  RLY?  Sounds like children's names for hag's nipples and titties.  How old are you Scots?
JorgeStolfi
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January 24, 2015, 03:52:55 PM

This market it really easy to trade because there're so many emotional noobs trading it. And yes I was one of the noobs here back even before the China pump in December 2013. But I have learned a lot since then about markets.
The fact that you guys are even comparing BTC to other markets shows your lack of understanding. No one has a clue which way the price will go, and that includes the people saying down.

Indeed no one has a clue, but it would help to admit that China still sets the price.

The Nov/2013 rally (and perhaps also the Apr/2013 one) were created by Chinese demand, and the Chinese exchanges have set the price since then.  Although many of Chinese who bought coins at that time appear to have sold them, Chinese day-traders are still in control.

Since the big rally, the price has reacted almost exclusively to events that are relevant to the Chinese traders, and has completely ignored events that are relevant only to the West -- such as Dell and Microsoft "accepting bitcoin", Bitstamp being hacked, the USMS auction, Bill Gates saying that bitcoin will not succeed, and the the 70 trillion dollars that banks just invested in Coinbase.

Now, one would expect the Bitcoin media to start from that fact, and get some staff or correspondents in China to report on the state of the Chinese market so that Western traders can use that as a basis for their predictions. 

But they will never do that, obviously.  Bitcoin sites do not get a penny from investors or day traders, so they don't care about their fortunes at all.  Their revenue comes entirely from advertising and subsidies from bitcoin enterprises, so they must suppress any news that could hurt them. 

And those enterprises would hate if their prospective clients were aware about the role of China.  "If you invest in our fund, rest assured that the future of your money will rest entirely on the mood of ten thousand amateur commodity traders in China, who prefer bitcoin to garlic because its price is much more volatile."  "Our ETF shares are expected to yield 1000% ROI in a couple of years, as soon as we find a new market for bitcoin that is 10x the size of China's".  "We are quite certain than the price of bitcoin will not drop to double digits tomorrow, because we cannot believe that the PBoC would be so mean as to further tighten the restrictions on Chinese exchanges."

So, all news and articles in the bitcoin media start from the premise that "China is irrelevant", and are careful to cultivate that misconception in the readers.  Just as they will try to hide (or not even look for) the unpleasant facts about user adoption, security, miner influence, and more.  Instead, they will fill the space with useless technical analysis, bogus theories like "Willy was responsible for the 2013 bubble", interviews of bitcoiners about its wonderful future, and thinly disguised addvertisements and press releases.
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January 24, 2015, 03:55:39 PM

BlindMayorBitcorn
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January 24, 2015, 03:58:09 PM

This market it really easy to trade because there're so many emotional noobs trading it. And yes I was one of the noobs here back even before the China pump in December 2013. But I have learned a lot since then about markets.
The fact that you guys are even comparing BTC to other markets shows your lack of understanding. No one has a clue which way the price will go, and that includes the people saying down.

Indeed no one has a clue, but it would help to admit that China still sets the price.

The Nov/2013 rally (and perhaps also the Apr/2013 one) were created by Chinese demand, and the Chinese exchanges have set the price since then.  Although many of Chinese who bought coins at that time appear to have sold them, Chinese day-traders are still in control.

Since the big rally, the price has reacted almost exclusively to events that are relevant to the Chinese traders, and has completely ignored events that are relevant only to the West -- such as Dell and Microsoft "accepting bitcoin", Bitstamp being hacked, the USMS auction, Bill Gates saying that bitcoin will not succeed, and the the 70 trillion dollars that banks just invested in Coinbase.

Now, one would expect the Bitcoin media to start from that fact, and get some staff or correspondents in China to report on the state of the Chinese market so that Western traders can use that as a basis for their predictions. 

But they will never do that, obviously.  Bitcoin sites do not get a penny from investors or day traders, so they don't care about their fortunes at all.  Their revenue comes entirely from advertising and subsidies from bitcoin enterprises, so they must suppress any news that could hurt them. 

And those enterprises would hate if their prospective clients were aware about the role of China.  "If you invest in our fund, rest assured that the future of your money will rest entirely on the mood of ten thousand amateur commodity traders in China, who prefer bitcoin to garlic because its price is much more volatile."  "Our ETF shares are expected to yield 1000% ROI in a couple of years, as soon as we find a new market for bitcoin that is 10x the size of China's".  "We are quite certain than the price of bitcoin will not drop to double digits tomorrow, because we cannot believe that the PBoC would be so mean as to further tighten the restrictions on Chinese exchanges."

So, all news and articles in the bitcoin media start from the premise that "China is irrelevant", and are careful to cultivate that misconception in the readers.  Just as they will try to hide (or not even look for) the unpleasant facts about user adoption, security, miner influence, and more.  Instead, they will fill the space with useless technical analysis, bogus theories like "Willy was responsible for the 2013 bubble", interviews of bitcoiners about its wonderful future, and thinly disguised addvertisements and press releases.

CCMF?
tpguy
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January 24, 2015, 03:58:47 PM

Indeed no one has a clue...[/b].

Not true.


For the legend, view HERE


-tpguy


The Daedalus Report
A SERIOUS Reversal Point Forecasting Service for 'Serious' Traders…
"Because time is more important than price"
fonsie
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January 24, 2015, 03:59:24 PM

irrelevant post

of that we are certain
ChartBuddy
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January 24, 2015, 03:59:52 PM

Bitfinex

Bitstamp

Explanation
empowering
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January 24, 2015, 04:00:35 PM


Yeah that is what I got from that post too..
elasticband
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January 24, 2015, 04:00:58 PM

it's haggis day the morn  Grin boiled lambs innards   Cool


...

>neeps, and tatties

Disgusting enough that you people eat this shit, but neeps and tatties?  RLY?  Sounds like children's names for hag's nipples and titties.  How old are you Scots?

neaps are nae for me, tatties are okay but boring, hardly a vegetable... you need tatties with haggis on burns night(25th) though. To my knowledge the Scots people age spans from fetal age until elderly age. many die from being fat bastards due to eating many deep fried mars bars  Cheesy

empowering
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January 24, 2015, 04:02:49 PM

<Vomits in own mouth>
elasticband
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January 24, 2015, 04:03:02 PM

with a wee dram of Irn Bru

empowering
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January 24, 2015, 04:04:37 PM

<Sticks needle in arm eyeball>

Sitarow
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January 24, 2015, 04:05:09 PM



5% mark reached. will we gain another 5% before a little correction?
mrkavasaki
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January 24, 2015, 04:07:46 PM

choo choo?
elasticband
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January 24, 2015, 04:07:54 PM

<Vomits in own mouth>

We Scots will deep fry anything, straight in the fryer with all the chip(fries) grease
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January 24, 2015, 04:09:29 PM

starting to look more and more like that was the bottom.
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January 24, 2015, 04:10:17 PM

FTFY!
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