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

[tarmi]

Bud side thinning out again

Bear trap?

no dude. it doesn't work that way. you don't push the price up on low volume and then remove buy support.

unless...

 

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[inca]

one buy and we are back in 300 territory!

lel

I mean, seriously dude? bulls had their opportunity like 3 weeks ago and didnt manage to do shit. sorry.

Shorts are up 8k in a week. If that continues then they will soon be at ATH. Yet we are a whopping 45 dollars down from 300. You've seen the lending rate start to creep up?

You never post your trades which means you probably choose to ignore the losing ones. You know 237 to 300. And now again, what, 235 to 300 again?

You keep mocking and provacating Xiaoxiao and Tarmi for losses (most of them are nothing more than a assumption) but asking you for your own losses (buying all the way down from the ATH) or your never ending false predictions of gigantic bull runs and even more gigantic short squirts, ey squeezes ...

...you maintain your silence, ey?  

Sorry I can't sit here all day like you. Real life etc.

Provacating? Nice neologism.

You are partially right. I have been buying heavily since the autumn 2014. Just as I bought heavily in the first half of 2013. Speculative buying is a form of trading, and I am still in the green.

Traders mostly lose. That includes you and everyone else drawing lines on charts. Lines on charts are the reason xiao xiao is penniless rather than a millionaire when the charts looked bearish in 2011.

Good luck to you playing with leverage. You and tarmi keep it up. I'm sure you will be driving Ferraris soon shorting an ultravolatile commodity with virtually unknowable exchange supply and demand (except to market makers or exchange owners), with a history of moving up tenfold in a matter of weeks. Keep shorting after a 14 month bear market because.. A line on a chart points down

Your description of "using lines on a chart", "charts were bearish in 2011" shows that you have a superficial understanding of TA or trading.

As always, the "most traders lose money" narrative is an excuse for people who are clueless about how trading is supposed to be done.
Let's be clear, there is absolutely nothing wrong with that, if that's not your style and you don't feel like stressing yourself with the act of following charts and learning how to do it. Nothing wrong. The problem is judging something you don't know much about.

You keep making assumptions about posters here and try to use that in some vague way to show that with trading people will lose in the long run.
Truth is, trading BTC today (that the market has matured a little bit from the more wild early days) is fairly easy for people who know what they are doing (and you don't need to be a professional or whatever) and don't overtrade.
As an example, somebody who started in 2013 with your amount of capital (how much it is I don't know but doesn't matter) would probably be sitting on something like 10X or more the amount of coins/fiat you have right now if he would have incorporated simple and basic trading tools in his investment strategy.

Again, I get that it is not your style, you don't have time to learn or to do it (although it doesn't take that much tbh) etc and that's perfectly fine, but please stop talking about TA and trading as if you knew what they are about. That's all I'm asking.

One aspect of what you write is true. I am a successful professional in a highly competitive and fairly lucrative field (compared to average Joe, excluding financial services!). I simply don't have time to do much else than check wisdom or post on here from time to time.

You seem to have a fairly clear misunderstanding of what trading is. It isn't feeling clever trading leverage (x3 or x20 etc). Sure I mock you by saying 'line on a chart' because TA is certainly not a science, nor reproducible for two people on masterluc's thread, let alone the 20 somethings posting on here, with any success.

Trading is about buying low and selling higher for profit. Not churning out hundreds of trades and going bust when the market sneezes. I like many bulls am deliberately accumulating like I did in 2013 in expectation  of significantly higher prices. I may be wrong. If I am my life is the same.

There is resistance on this forum to anyone who is bullish on bitcoin as a commodity ('bulltard'). Purely because of a protracted bear market. You guys have forgotten what bitcoin is and what it may do in the future.

You focus on the fact the price is below the ATH price as if this really matters in the context of the coin supply exponentially drying up.

The largest holders (real players) are accumulating and this can be seen looking at the top 100 or 500 addresses. When they start selling perhaps you might be on to something. But I see a nascent digital commodity currency with inelastic gold like properties, counting down to the next halving of supply, whilst VC's are funding and stealth funding the space to the tune of 100's of million dollars every few months. Wall street is inching towards allowing normal investors to buy in through exchange traded funds. Legislation in the financial capital of the developed world is shortly to be announced for bitcoin.

You would have to be blind not to see the next rally is coming.

[empowering]

but but but I was promised proper DOOOOOOM.... 

[LFC_Bitcoin]

Double digit coins.....something something bull shit.....

[empowering]

I think it is something like sliced DOOOOOM , auction flavoured  , evolution sprinkled, and dusted with chinese horoscopes, and a side serving of single digit tragedy. Laid out on a bed of global governmental clampdowns accompanied by a rich jus of next generation IBM coin. Served with a matching rich fine wine with hints of overtaking ALT coin and after taste of Satoshi cashout.

All in all a fine and wonderful evening out, however the establishment is slightly let down by tardy staff, missing orders, and cold servings of DOOOOOOM.

[ITSNOTTRUE!!]

Double digit coins.....something something bull shit.....

http://i60.tinypic.com/28m1k43.jpg

[ChartBuddy]

Coin
Explanation

[empowering]

Smeagol  want precious DOOOOOOOM


Precious.

[notgonnawork]

http://images.natureworldnews.com/data/images/full/4119/gollum.jpg

Smeagol  want precious DOOOOOOOM


Precious.

Reverse psychology huh?

Nice. Too bad it's not gonna work.
Don't worry tho, you will get your doom in due time.

[empowering]

Smeagol  want precious DOOOOOOOM


Precious.

Reverse psychology huh?

Nice. Too bad it's not gonna work.
Don't worry tho, you will get your doom in due time.

Whatever you say Frodo.... what ever you say.

I actually want this DOOOOOOOOOM.


Bring me my fucking DOOOOOOOOM.


Make it shnappy and make me happy

[tarmi]

you will meet your doom in the mount doom!

and you shall burn!

[empowering]

ps. Why Frodo you ask? 

..............because you sound to me like someone who has had their ring destroyed.

[coinableS]

Nothing to see here. Just the expected stabiliaztion of the price. Bears don't have the power to push it further down. Bulls don't have the power (yet) to push it up.

I know, no one in here wants to hear this, but we are in for a booooring time (+/-$30 around 255 for the next weeks). Sorry.

Weeks? More like months imo.

Honesly if i would be freezed for 1 year i woudnt be shocked to see a price somewhere in 200-300$ range. Its that boring.

Maybe April will be more exciting, this sideways movement is killing me.

[shmadz]

I actually want this DOOOOOOOOOM.


Bring me my fucking DOOOOOOOOM.


Make it shnappy and make me happy

Where do we place our orders? I'd like an extra-large helping of DOOOOOOOOOM with FUD sauce and a side order of PANIC!!!

 

[HWoodrow]

In your honest opinion April will be a good month for the rise of price of bitcoin? I hope yes because price is too low 

[ChartBuddy]

Coin
Explanation

[damiano]

Bud side thinning out again

Bear trap?

no dude. it doesn't work that way. you don't push the price up on low volume and then remove buy support.

unless...

 

I got lucky during the night and opened up a short at 262.  Debating right now if I should add or not

Stop loss at 260 so either way I'm good

[Sitarow]

What would really make my weekend: Crash to $220.

If you're only making money

Stopped reading financial advice from a non-billionaire.

And instead started reading financial advice from multi-billionaires, no?





Woops.

If we continue to allow ourselves to be convinced that an idea is not worth exploring, especially by people that have been successful in the past who claim to understand something they clearly don't, would result us being trapped in a world filled with technology as depicted in the image below.



However due to innovation all these things now fit in your pocket on one device communicating at the speed of light.

P.S. Record players and mono tube amps still rock.

[ChartBuddy]

Coin
Explanation

[Fatman3001]

P.S. Record players and mono tube amps still rock.

What's your favorite power tube?
What's your favorite pre rube?
Type and brand.