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

[Norway]

Bottom in at around $230?

Probably. 220-300 the last eight months. Too stable to be stable.
This will not last for eight more months. So ask yourself:
Will it sink, or will it float?

[ElectricMucus]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that. Posting genuinely held descending opinions despite them not being welcome is not trolling.

[Morecoin Freeman]

I keep asking myself how we will break 300 again, since I do not see anyone willing to risk buying near the top.
But at the same time this floor established at 220 on multiple occasions seems somewhat solid too.

So, more sideways then I guess...

I will try and make the best out of trading this 220-250 range for now.

[Norway]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that.

Why do you say this?
I don't consider Stolfi a troll. But I consider Lambie a troll. I have reported and terminated 40+ of his sockpuppets the last days. You can't see them now. Because they are terminated

[ElectricMucus]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that.

Why do you say this?
I don't consider Stolfi a troll. But I consider Lambie a troll. I have reported and terminated 40+ of his sockpuppets the last days. You can't see them now. Because they are terminated

NotLambChop simply reacted to the tone in this forum, he's a troll now but it started benign.
And then many people here labeled me as a troll and still do, I even got to the top of the infamous ignore toplist.

[JayJuanGee]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that. Posting genuinely held descending opinions despite them not being welcome is not trolling.

Your definition of trolling seems to be mostly correct, and I am of the sense that people who are providing negative arguments about bitcoin are generally welcome to the dialogue, even though there would likely be disagreement from the bitcoin bulls about their assessment of bitcoin.  Your assessment of Stolfi is NOT correct, because he frequently puts out misinformation, and frequently does NOT engage in genuine arguments..   I have NOT tallied his posts to determine whether he purposefully misinforms 10% of the time or 30% of the time; however, I find it irritating when there is any purposeful misinformation (beyond mere inadvertance) taking place.

[JayJuanGee]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that.

Why do you say this?
I don't consider Stolfi a troll. But I consider Lambie a troll. I have reported and terminated 40+ of his sockpuppets the last days. You can't see them now. Because they are terminated

NotLambChop simply reacted to the tone in this forum, he's a troll now but it started benign.
And then many people here labeled me as a troll and still do, I even got to the top of the infamous ignore toplist.

If you are here to create drama, like the "drama junkie" label describes under your avatar, then possibly you are engaging in some trolling behaviors.  No?

[ChartBuddy]

Coin
Explanation

[ElectricMucus]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that. Posting genuinely held descending opinions despite them not being welcome is not trolling.

Your definition of trolling seems to be mostly correct, and I am of the sense that people who are providing negative arguments about bitcoin are generally welcome to the dialogue, even though there would likely be disagreement from the bitcoin bulls about their assessment of bitcoin.  Your assessment of Stolfi is NOT correct, because he frequently puts out misinformation, and frequently does NOT engage in genuine arguments..   I have NOT tallied his posts to determine whether he purposefully misinforms 10% of the time or 30% of the time; however, I find it irritating when there is any purposeful misinformation (beyond mere inadvertance) taking place.

Pointing the finger at something stupid, laughing is not trolling. It's rude from the other perspective. He's rude.
I'm rude too.

Stolfi is just very sophisticated in his rudeness.

[bytezero]

It seems the fuel is getting low. Is this just a big set up for a dump?

[JayJuanGee]

In Bitcoin everybody who doesn't agree with the party line of the greedy anacaps is labeled as doing trolling. Trolling consists of posting purposefully wrong points which one generally not subscribes to oneself. Stolfi does not do that. Posting genuinely held descending opinions despite them not being welcome is not trolling.

Your definition of trolling seems to be mostly correct, and I am of the sense that people who are providing negative arguments about bitcoin are generally welcome to the dialogue, even though there would likely be disagreement from the bitcoin bulls about their assessment of bitcoin.  Your assessment of Stolfi is NOT correct, because he frequently puts out misinformation, and frequently does NOT engage in genuine arguments..   I have NOT tallied his posts to determine whether he purposefully misinforms 10% of the time or 30% of the time; however, I find it irritating when there is any purposeful misinformation (beyond mere inadvertance) taking place.

Pointing the finger at something stupid, laughing is not trolling. It's rude from the other perspective. He's rude.
I'm rude too.

Stolfi is just very sophisticated in his rudeness.

Well, rudeness would probably be trolling to the extent that it is merely attempting to spark an emotional response from someone else rather than about the content... Also, engaging in ad hominem attacks would probably be rude and also trolling to some extent...   ON the other hand, merely using colorful and forceful language to either support or to denigrate ideas would NOT be trolling, but merely an attempt to challenge the substance of someone else's arguments.

I don't know whether Stolfi really has any reputation for being rude... He generally seems to have a reputation for being fairly courteous... like as if he may, from time to time, play in a sort of passive aggressive behavior...  IN my view passive aggressive behavior may NOT be rude, but it could be a form of trolling, depending upon how it plays out.

If I have witnessed Stolfi engage in rude behavior, such events were probably pretty rare, the exception rather than the rule... I have witnessed him get fairly worked up in some of his comments, but none of them have really risen, in my sense to the level of rudeness.

I recall several strings in which Stolfi was getting attacked from several angles, and then he engaged in  data collecting assessments to quantify some of the posts concerning him, but those seem to be mostly attention seeking and/or reinforcing activities rather than rudeness... in other words to be complaining about how many posts were about him, while at the same time posting about himself... hahahahaha.. 

[JayJuanGee]

It seems the fuel is getting low. Is this just a big set up for a dump?

The official verdict from a bit over an hour ago is that the weekly candle on a large number of exchanges came out red...  (but barely).  Will be interesting to witness whether next week's candle is red or green... seems more likely to be green than red, but what da fuq do I know?

[Chef Ramsay]

And then I told lamb'scrotch that there shall be no more postings of pedo or gay shit any longer in this thread by a stable of dirty socks/


 

[yefi]

NotLambChop simply reacted to the tone in this forum, he's a troll now but it started benign.

* yefi whips out his little violin and begins a beautifully wistful melody in honour of fallen comrade.

//end sarcasm

[ChartBuddy]

Coin
Explanation

[yefi]

Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.  

During the past 500 years, there were long periods of effectively zero inflation where economies boomed. In the industrial revolution in Britain, for example.

Also, I don't think there was such a thing as an economist 500 years ago.

[JayJuanGee]

It seems the fuel is getting low. Is this just a big set up for a dump?

The official verdict from a bit over an hour ago is that the weekly candle on a large number of exchanges came out red...  (but barely).  Will be interesting to witness whether next week's candle is red or green... seems more likely to be green than red, but what da fuq do I know?

A couple of weeks ago, I did suspect that there would be another test of $200 or even attempts to drive BTC prices below $200; however, after BTC prices of the last couple weeks approached $247, then it became a bit more doubtful that there would be enough downward pressure generated in order to be able to achieve such a price point, even going below $220...

Currently, as I type, even though there seems to be dumping and breaking BTC prices down to $224, one must continue to wonder the extent to which coins can be dumped and how low BTC prices can decline with such dumping efforts? 

Currently, Stamp seems to be leading the dump, and even BTCe prices remain higher than Stamp's prices, which is an anomaly that seems to occur from time to time, when one exchange is potentially in a disbalance before it catches up to the other exchange.

If BTC prices break below $220, then is $210 possible, and then does breaking $200 become possible? 

It seems that there are a lot of additional buyers that come into play in the $220 to $200 price territories...   

But as many of us likely realize, dumping becomes more of a reality on the weekends because it is much easier to quickly move BTC around as compared with getting fiat onto various exchanges (in the event that fiat is NOT in the reserves on the various exchanges).

There are even a lot of buyers in the $230 to $250 price territories that can be seen by the volume over the past few weeks.  I never really know what to think exactly regarding the direction of price (even while dumping is occurring without any real apparent news as a driving point), except that I have been attempting to keep buying as the price is dipping.  Though can be impossible to know how to catch any bottom, exactly or to have Fiat left by the time prices go to their lowest point in the dumping cycle.

[JayJuanGee]

Also, I don't think there was such a thing as an economist 500 years ago.

    Good point!!!!  


Partly showing the extent to which Stolfi is pulling alleged facts out of his behind....

[BlackSpidy]

Economists have know for 500 years that a currency must have some inflation, otherwise people will hoard it and it will not be available for use as a currency.  

During the past 500 years, there were long periods of effectively zero inflation where economies boomed. In the industrial revolution in Britain, for example.

Also, I don't think there was such a thing as an economist 500 years ago.

As much as I hate to agree with the professor... but Wikipedia (https://en.wikipedia.org/wiki/History_of_economic_thought) says that the history of economic sciences stretches back to 500 BC. So at least there were at least proto-economists as far back as before the time of Jebus.

[coinableS]

It seems the fuel is getting low. Is this just a big set up for a dump?

The official verdict from a bit over an hour ago is that the weekly candle on a large number of exchanges came out red...  (but barely).  Will be interesting to witness whether next week's candle is red or green... seems more likely to be green than red, but what da fuq do I know?

Nothing concrete enough for me to make a trade. I was short until this morning. Not sure where we are headed and I'm not seeing anything definitive enough to take a position.

I can make a guess on what the 3 day might do... which would be very bullish if we had a bullish engulfing candle that covers the 3 previous reds.