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Question: What happens first:
New ATH - 31 (68.9%)
<$60,000 - 14 (31.1%)
Total Voters: 45

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26351991 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.)
ChartBuddy
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April 10, 2015, 12:58:30 PM

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rememberme
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April 10, 2015, 12:58:38 PM

it just hit floor again, fill your longs boys.  Shocked
fonsie
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April 10, 2015, 01:02:26 PM

Gotta love those cute chinese people, mining all those bitcoin with their cheap electricity and giving them away for cheap. All of this after having paid top notch dollars in 2013.

Yes, they must be feeling pretty stupid now.

Speaking of which, are there any news about @FriedCat, the Chinese owner of AMHash/ASICminer who disappeared a few weeks ago?

Last I heard he was kidnapped by Mongolian pirates and is being held for ransom in a government sausage factory.

What kind of sausage?
Torque
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April 10, 2015, 01:02:35 PM

... don't understand the point of rapidly destroying price and consistently causing so much price volatility that bitcoin will never be widely adopted as a result ... who cares if you have more of something when you're actively decimating the price of the thing and driving people away from it in droves ? ... seriously ... it's like the whale manipulators don't want anyone else to have any coins period and don't care how badly the price needs to be crushed to accomplish this ... the market cannot sustain several $5-$10-$20-$50 drops daily forever ... finex being pummeled the worst at the moment ...

People always talk about how whales dump on good news, because they want to assure that they are in a good position when the price subsequently rises on said good news.

But this never made sense to me, as there is no guarantee price will rise and also dumping would have the opposite effect on the public's view.

So my theory is Occam's razor --- someone has serious motivation to squash the price on every good news announcement, in order to continually drive the price down and the public away.  Most bitcoiners believe that someone deliberately dumping to keep the public away is a preposterous notion, as they say it would be too costly to continue to do so.  Well I don't believe that, at all.  For a decently funded operation (say a world bank?) it wouldn't take much $$ on a yearly basis to do so.

/tinfoilhat
Torque
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April 10, 2015, 01:05:37 PM

3d MACD red on finex Smiley

edit: Oh and price is lower than it was 2 years ago! Bullish? Ohhh u bet!

2 years ago we were right after the great bubble. On the other hand the price is still higher than 3 years ago. Definitely bullish!

I guess if it goes down to 100 or 50, the early adopters can always say "hey it's still higher than it was 5 years ago!  Bullish!"   Roll Eyes
8up
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April 10, 2015, 01:06:21 PM



If bears are right, we should see a significant dump from here.
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April 10, 2015, 01:06:34 PM



Good save.

Yet still missed the train.

fonsie
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April 10, 2015, 01:06:55 PM

It ain't over until the fat lady sings and since most bitcoiners are male, we'll be alright.
Torque
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April 10, 2015, 01:08:12 PM

It ain't over until the fat lady sings and since most bitcoiners are male, we'll be alright.

White, male, pasty, and live in their moms basement
fonsie
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April 10, 2015, 01:09:04 PM

It ain't over until the fat lady sings and since most bitcoiners are male, we'll be alright.

White, male, pasty, and live in their moms basement

Luckily me mums has got no basement.  Grin
designerusa
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April 10, 2015, 01:15:00 PM

I am currently: Holding my BTC nervously 
Sitarow
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April 10, 2015, 01:16:28 PM

BTC the dawn of innovation by leaps and bounds.

1-megawatt cold fusion power plant now available – yours for just $1.5 million


SOON! Smiley

oil? gold? ha!

"They" who control the blockchain control the world.

fonsie
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April 10, 2015, 01:20:53 PM

Cold fusion, as the name implies, is like normal fusion, but cold.
12345mm
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April 10, 2015, 01:21:33 PM

i seriously wish you fuckers would stop posting that crave scam shit on here - they flash mined the entire supply in less than a week with 10000x 100 coin 1 minute blocks - mining is over now and dev holds the supply , a current supply which is by the way 1M coins (per ... yknow ... math ... 10000x100) not 500k coins as they're claiming ... and for bonus points it's now got a PoS phase that'll kick it to 2 *billion* total coins - essentially allowing the dev to hold the entire supply now pumped to 1000s of btc in value / set market price and print out 10btc per day at current rate ... 10 days total price history on the 1 exchange bribed to list it , bittrex , the exchange which lists anything for an adequate bri... errr... fee , and has to de-list dozens of coins constantly because of ... well ... scams ... it's so obviously completely rigged it's a joke ... and telling people to buy it now after it's been pumped to retard level is wrong ... setting an astronomical price on a coin you own the entire supply of is surprisingly easy ...
julian071
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April 10, 2015, 01:22:41 PM

I'll just leave this here (again).

Sitarow
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April 10, 2015, 01:23:57 PM

i seriously wish you fuckers would stop posting that crave scam shit on here - they flash mined the entire supply in less than a week with 10000x 100 coin 1 minute blocks - mining is over now and dev holds the supply , a current supply which is by the way 1M coins (per ... yknow ... math ... 10000x100) not 500k coins as they're claiming ... and for bonus points it's now got a PoS phase that'll kick it to 2 *billion* total coins - essentially allowing the dev to hold the entire supply now pumped to 1000s of btc in value / set market price and print out 10btc per day at current rate ... 10 days total price history on the 1 exchange bribed to list it , bittrex , the exchange which lists anything for an adequate bri... errr... fee , and has to de-list dozens of coins constantly because of ... well ... scams ... it's so obviously completely rigged it's a joke ... and telling people to buy it now after it's been pumped to retard level is wrong ... setting an astronomical price on a coin you own the entire supply of is surprisingly easy ...

Alt's are the "new" scam. AVOID them like the plague.
fonsie
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April 10, 2015, 01:24:44 PM

i seriously wish you fuckers would stop posting that crave scam shit on here - they flash mined the entire supply in less than a week with 10000x 100 coin 1 minute blocks - mining is over now and dev holds the supply , a current supply which is by the way 1M coins (per ... yknow ... math ... 10000x100) not 500k coins as they're claiming ... and for bonus points it's now got a PoS phase that'll kick it to 2 *billion* total coins - essentially allowing the dev to hold the entire supply now pumped to 1000s of btc in value / set market price and print out 10btc per day at current rate ... 10 days total price history on the 1 exchange bribed to list it , bittrex , the exchange which lists anything for an adequate bri... errr... fee , and has to de-list dozens of coins constantly because of ... well ... scams ... it's so obviously completely rigged it's a joke ... and telling people to buy it now after it's been pumped to retard level is wrong ... setting an astronomical price on a coin you own the entire supply of is surprisingly easy ...

As long as it's "something 2.0" and not as secure as my own project called OLÉcoin, fine by me.
Fatman3001
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April 10, 2015, 01:26:53 PM

... don't understand the point of rapidly destroying price and consistently causing so much price volatility that bitcoin will never be widely adopted as a result ... who cares if you have more of something when you're actively decimating the price of the thing and driving people away from it in droves ? ... seriously ... it's like the whale manipulators don't want anyone else to have any coins period and don't care how badly the price needs to be crushed to accomplish this ... the market cannot sustain several $5-$10-$20-$50 drops daily forever ... finex being pummeled the worst at the moment ...

People always talk about how whales dump on good news, because they want to assure that they are in a good position when the price subsequently rises on said good news.

But this never made sense to me, as there is no guarantee price will rise and also dumping would have the opposite effect on the public's view.

So my theory is Occam's razor --- someone has serious motivation to squash the price on every good news announcement, in order to continually drive the price down and the public away.  Most bitcoiners believe that someone deliberately dumping to keep the public away is a preposterous notion, as they say it would be too costly to continue to do so.  Well I don't believe that, at all.  For a decently funded operation (say a world bank?) it wouldn't take much $$ on a yearly basis to do so.

/tinfoilhat

I wouldn't worry about whales not making money. If you control the market there is plenty of opportunity to make money. But the price needs to be at a point where other peoole want to trade. So they pull it down. The problem for Bitcoin is that it is at all possible for a small group of whales to move the price like this. With other commodities like steel or cement their utility isn't affected by the price. But bitcoin becomes less useful if the price swings violently. Even more so if the main direction is down. It is a serious weakness with Bitcoin, but it also shows why shitcoins don't have much of a chance to catch up.

This text is written on a shitty Huawei Android, so don't beat me up about it.
Torque
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April 10, 2015, 01:27:10 PM

i seriously wish you fuckers would stop posting that crave scam shit on here - they flash mined the entire supply in less than a week with 10000x 100 coin 1 minute blocks - mining is over now and dev holds the supply , a current supply which is by the way 1M coins (per ... yknow ... math ... 10000x100) not 500k coins as they're claiming ... and for bonus points it's now got a PoS phase that'll kick it to 2 *billion* total coins - essentially allowing the dev to hold the entire supply now pumped to 1000s of btc in value / set market price and print out 10btc per day at current rate ... 10 days total price history on the 1 exchange bribed to list it , bittrex , the exchange which lists anything for an adequate bri... errr... fee , and has to de-list dozens of coins constantly because of ... well ... scams ... it's so obviously completely rigged it's a joke ... and telling people to buy it now after it's been pumped to retard level is wrong ... setting an astronomical price on a coin you own the entire supply of is surprisingly easy ...

Alt's are the "new" scam.

Right dog?  I'm quietly working on TorqueCoin, gonna pre-mine da shit out of it (a trillion coins) and drop it on the newbs on dat Crispy, yo!  It gonna blow up homms!
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April 10, 2015, 01:28:25 PM

It seems we are ready for takeoff



Enjoy the TA
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