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

[12345mm]

i think the most money i ever lost on a vacation was a cross country trip to burning man , during which time btc devalued from 550 to 450 in a week , and my jeep caught on fire ... god damn those sand covered tripping hippie chicks are fun though ...

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[KryptoFoo]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

[sAt0sHiFanClub]

Any other HODLER's at a huge loss over all?

Me.....

By definition, if your a hodler, you havent lost anything. 

The current game is purely intra-day fun&games.

[LFC_Bitcoin]

Any other HODLER's at a huge loss over all?

Me.....

By definition, if your a hodler, you havent lost anything. 

The current game is purely intra-day fun&games.

Fair point

[Ezmoneyezlife]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

Cool, but it wont break the manipulators intention to rape longs for the last time m8. Bitcoin won't die, but it will test sub 200$ before the solid uptrend.

[SkyValeey]

Any other HODLER's at a huge loss over all?



Me.....

Definitely many people, but most of them don't say "I'm at huge loss" but just stay silent about that, so respect to you and don't wory, it's just money

[sAt0sHiFanClub]

Bullish RSI divergence 6h

Spectacularly wrong.

[Mervyn_Pumpkinhead]

a) Miners are very picky about pools, if something is wrong they switch. This is not "in theory", it happens all the time. Do you remember Ghash.io from last summer? Where are they now?

b) PoS has a huge image problem and it's unproven on a large scale.

a) There would be enough time to coordinate a proper 51% attack, with creating chaos and damage to the network while the miners finally react. The point still remains, that increased hashrate does not increase the security of the pools.

b) I prefer to see potential in things before they are proven on a larger scale. To me, it's only a matter of time when people will start to see how foolish PoW was and how much better PoS is. I buy innovations when the majority are skeptical and uncertain, and I sell when I hear bartenders and cab drivers telling me about their new amazing discoveries in the world of technology. The herd of easy fortune seekers will always get slaughtered, so it's not very practical to run together with that herd.

[SkyValeey]

@sAt0sHiFanClub

Yes, divergence at btc charts is not important indicator and occurs pretty often.

[LFC_Bitcoin]

Any other HODLER's at a huge loss over all?



Me.....

Definitely many people, but most of them don't say "I'm at huge loss" but just stay silent about that, so respect to you and don't wory, it's just money

I've never sold anything so I suppose I've lost nothing.
I guess it's just a long wait & hope that the price massively increases over the next 5-10 even 15 years.

[mah87]

bitcoin is flawed , its decline is only a matter of time

And Ripple isn't?

Ripple is made for the real world, this is the next protocol for value.

[gizmoh]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

How is that bullish? HK investors gonna suddenly pour in millions just because it won't be regulated! 

[KryptoFoo]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

How is that bullish? HK investors gonna suddenly pour in millions just because it won't be regulated!  

I believe this was the trigger for short covering today. Not saying this is bullish but good to be aware of why something may have happened. Anyways one could argue that market was fairly oversold. Will the reversal hold? who knows


edit: also one should probably watch market reaction as english news covers the story and US wakes up. Just saying, is something to be on the watch for.

[Fatman3001]

a) Miners are very picky about pools, if something is wrong they switch. This is not "in theory", it happens all the time. Do you remember Ghash.io from last summer? Where are they now?

b) PoS has a huge image problem and it's unproven on a large scale.

a) There would be enough time to coordinate a proper 51% attack, with creating chaos and damage to the network while the miners finally react. The point still remains, that increased hashrate does not increase the security.

b) I prefer to see potential in things before they are proven on a larger scale. To me, it's only a matter of time when people will start to see how foolish PoW was and how much better PoS is. I buy innovations when the majority are skeptical and uncertain, and I sell when I hear bartenders and cab drivers telling me about their new amazing discoveries in the world of technology. The herd of easy fortune seekers will always get slaughtered, so it's not very practical to run together with that herd.

a) miners are like the f-ing Ghostbusters when they fear that something they are doing is harming Bitcoin.



b) Beyond it being unproven, I don't think it will provide the sort of trust needed for a decentralized currency. Ethereum will be switching to PoS in 2016/2017, so we will sort of see then. But Ethereum isn't meant to be a currency as such, so it will be interesting to see if any conclusions can be drawn.

[empowering]

 

Happy days

[Ezmoneyezlife]

boy the news out of HK sure caused a lot of short covering with big volume on the Chinese markets. True test will be if this reversal can stick. Might see more upside when English news sites pick up the story and the US wakes up.

Edit: first original english version I've seen so far
http://www.news.gov.hk/en/categories/finance/html/2015/03/20150325_150920.shtml

How is that bullish? HK investors gonna suddenly pour in millions just because it won't be regulated! 

Yup, people dont even notice that such news pop up exactly during the dump, people think its a coincidence, but its not, manipulators just throw a bone to the dog (they do need more decent buy support before next leg of dumpage). How stupid should people be to not see such obvious manipulations being repeated over and over again?

[Fatman3001]

I see some of the whaleclub people are talking about $260 (some are talking about a plunge as well, but I don't want that). Any chance of it happening?

[ChartBuddy]

Coin
Explanation

[BRADLEYPLOOF]

a) Miners are very picky about pools, if something is wrong they switch. This is not "in theory", it happens all the time. Do you remember Ghash.io from last summer? Where are they now?

b) PoS has a huge image problem and it's unproven on a large scale.

A) I dunno, haven't mined BTC since before ASICs came out and difficulty and electricity costs skyrocketed.

B) PoS has image problem?  PoSV is the solution.  Reddcoin is a PoSV coin that gains coin-age over time, but slows down tremendously if the coins aren't moved.  Basically, the more you spend, the more you earn.  Roughly 5% "inflation" on your coins.  Easy to get and there are different wallets available, such as the Browser wallet for google chrome (uses a seed), the typical QT wallet, and the Social Wallet that is connected to twitter, the IRC channel, etc... plus a few new features yet to be seen in cryptocurrencies, are going to make this a breakout coin.  Best part: I can stake on a raspberry pi.  No spending stupid amounts of money on ASICs that will be useless in a month, no driving down the price because of selloffs to pay for electricity for those ASICs.  5 watts of power to secure the network, not a few megawatts.  Plus, I'll actually break even.  I don't know one person that has purchases an ASIC recently that has made their money back.  Early adopters of the ASICs that didn't buy from BFL might have had a chance, or those who sodl when BTC was > $1200 made their money back, but anyone who's purchased anything to mine BTC using BTC will never make that back.  Better to buy BTC or sell shovels.

[Dump3er]

Looks like there is a good chance for a bounce to at least ~255 or even ~ 265 incoming.

Shorts closed meanwhile, profit taken.