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

[QuestionAuthority]

$266

Fuck

[1715188448]

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[natewelt]

Did the elephant know the deadly halving was coming?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+Quarterly+Journal+of+Economics

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+American+Economic+Review

According to most posters on here...manipulation is the only way to move the BTC price. No such thing as supply and demand.

This is why they lose money. I will not join their dark side and I hope you won't either.

Sure there's supply and demand, but you first have to understand what supply is.
1. Let's assume you have a bitcoin (this is all hypothetical), and I? I have some hard-boiled eggs.
2. I sell you a hard-boiled egg for 1BTC, you eat it (& get severe food poisoning, but that's irrelevant to this example).
Result: The supply of eggs has gone down. Supply of bitcoins remains the same.
'Why is that?!' you ask.
Well, natewelt, that's because bitcoins don't get consumed in the same sense as rotten hard-boiled eggs.

That's true, but haven't a very large portion of total BTC mined been lost? That would reduce supply...

[!! pop]

http://s14.postimg.org/hy63tms01/bear1gif.gif

[only]

Fuck you bears.

[oda.krell]

Bitcoin supply is constantly increasing, it is the total number of coins issued to date.
Every ~10 mins 25 more coins are added to the supply.
So now you know https://en.wikipedia.org/wiki/The_Rest_of_the_Story

https://en.wikipedia.org/wiki/Derivative

Let me know when you're done reading. In that case I might be up for another 'discussion' with you on the topic, but no promises :3

[TReano]

Fuck you bears.

up and down... up and down...

[ssmc2]

Fuck you bears.

Their time is almost up.

[natewelt]

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

[ImI]

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

[!! pop]

Did the elephant know the deadly halving was coming?

*gasp* Supply might be a relevant factor for price discovery? Who would have thought?

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+Quarterly+Journal+of+Economics

https://scholar.google.com/scholar?as_q=supply+demand&as_epq=&as_oq=&as_eq=&as_occt=title&as_sauthors=&as_publication=The+American+Economic+Review

According to most posters on here...manipulation is the only way to move the BTC price. No such thing as supply and demand.

This is why they lose money. I will not join their dark side and I hope you won't either.

Sure there's supply and demand, but you first have to understand what supply is.
1. Let's assume you have a bitcoin (this is all hypothetical), and I? I have some hard-boiled eggs.
2. I sell you a hard-boiled egg for 1BTC, you eat it (& get severe food poisoning, but that's irrelevant to this example).
Result: The supply of eggs has gone down. Supply of bitcoins remains the same.
'Why is that?!' you ask.
Well, natewelt, that's because bitcoins don't get consumed in the same sense as rotten hard-boiled eggs.

That's true, but haven't a very large portion of total BTC mined been lost? That would reduce supply...

Some, but doesn't matter - has nothing to do with the halvening. Bitcoin supply is now increasing @25 BTC every 10 minutes, that will be halved to 12.5BTC every 10 minutes. The supply will keep on increasing, just slower.
But don't think about speculative commodities in terms of supply and demand, that's the point I was trying to make.  If Bitcoin supply suddenly decreased a thousandfold, (you've somehow discovered that private keys to 99.9% of the coins have been lost), BTC price won't skyrocket, would likely go down.

[TReano]

if it stops here we will establish an even stronger bear trend by making another lower high on a rally attempt.

Luckily I took profit yesterday and also went short with a small position.

[natewelt]

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

Thanks for confirming once again I am wasting my time on this forum.

[Meuh6879]

EURO

[QuestionAuthority]

Fuck you bears.

up and down... up and down...

[ImI]

Looks like we might be in for a retrace from $273 on Stamp. In technical analysis, logic dictates a retest of the breakout area which is the upper trend line in this case. If that doesn't hold then we will likely go back into the channel. Either way, things look bullish unless we fall below the channel. 

260-265 seems like a great spot to load up on some more (depending on how quick, if any, pullback occurs), but trade at your own risk. Only time will tell....

I'm going to go ahead and bump this. I'd love to hear some feedback on my charts and whatnot.

Thanks for confirming once again I am wasting my time on this forum.

ok, awesome chart you got there! you must be a TA expert or something?

[inca]

Nothing changes. Thread full of book talkers. Are any of the old guard left apart from Oda?

[TReano]

Nothing changes. Thread full of book talkers. Are any of the old guard left apart from Oda?

nope, everybody got banned for posting referral links. Only the "I am always bullish on Bitcoin" guys are left.

[ChartBuddy]

Coin

Explanation

[Fatman3001]

Fuck you bears.

Their time is almost up.

[yolalanda]

Bitcoin supply is constantly increasing, it is the total number of coins issued to date.
Every ~10 mins 25 more coins are added to the supply.
So now you know https://en.wikipedia.org/wiki/The_Rest_of_the_Story

https://en.wikipedia.org/wiki/Derivative

Let me know when you're done reading. In that case I might be up for another 'discussion' with you on the topic, but no promises :3

OMG, horse nose https://en.wikipedia.org/wiki/Calculus !1one I loos !!1! he2science4me!

but seriously, can you say it in words?