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

[marcus_of_augustus]

...
strap yourself in for 5-10 years MINIMUM understand that if all goes well you won't need to ever converted to fiat... and have a trading wallet for fun, HODL it like a MOFO, and HODL your trade like a MOFO as well.

your an idiot if you sell everything now and walk away and you know that. ...

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https://www.youtube.com/watch?v=9L3KU5eiEBo

go long or go home.

[Hyperjacked]

Bitcoin, as a decentralised corporation, issuing bitcoin shares, is easily worth $10 bill, on today's functionality, operations, brand, audience, usage alone (discounting future expansion). It is waaaay oversold even after violent first leg-up out of overdone (on bankster agitprop) bear market, $660-$700 is nearer current fair-value but as with any Griffin good, once value moves then demand rises paradoxically, so overshoot is inevitable especially with some manipulator mayhem pitched in to the mix.

Yes sir! The price per Bitcoin will be much higher in the not so distant future!

The combination of leveraged trading...limited supply and Wall Street adoption is gonna make the last couple rallies look small! Prepare for a very volatile market and bigtime gap ups!

[acakf]

...
go long or go home.

"Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost.
Most gamblers never even come close to breaking even."


@Hyperjacked: you too.

[Hyperjacked]

...
go long or go home.

"Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost.
Most gamblers never even come close to breaking even."


@Hyperjacked: you too.

Don't judge me...This isn't a gambling site its discussion about the Bitcoin price and technicals !

why don't you go on one of those gambling threads or preach to someone who has a sponsored gambling link?

[marcus_of_augustus]

...
go long or go home.

"Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost.
Most gamblers never even come close to breaking even."


@Hyperjacked: you too.

god delivers an endless stream of these lolcows for milking ... it's like mana from heaven.

You may find more fertile pasture for your anti-gambling evangelism on the trading floors of Wall St. banks and quant. offices of London City hedge funds who collectively lost over $100 trilion in derivative bets circa 2007-08 and trashed the global economy in the process, from which it still hasn't recovered. The losing bets and associated gambling has merely been moved onto Central Bank balance sheets, you should definitely wage a campaign to reform gambling addiction in bankster town.

[acakf]

...
go long or go home.

"Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost.
Most gamblers never even come close to breaking even."


@Hyperjacked: you too.

Don't judge me...This isn't a gambling site its discussion about the Bitcoin price and technicals !

why don't you go on one of those gambling threads or preach to someone who has a sponsored gambling link?

Lol @  isn't a gambling site! TA of bitcoin is sadder than TA of shooting craps. Yah, gots me ah Cray crunching slots data, with upgraded sciences and a new bleep-blooper with flashing lights, serious shit! Gonna make me some serious scratch, baby!

@marcus_of_ridiculous: Bitcoin is totally not gambling, you're right. It's just a coincidence that the premiere bitcoin forum has 5 gambling subs, one specifically for promoting ponzis. And also this sub, for closeted gamblers in denial, who like to pretend that they're not degenerate gamblers at all, but actually intrepid investors

[Hyperjacked]

...
go long or go home.

"Unfortunately, once a gambling addiction takes hold, breaking the cycle is difficult. Severe addictions can take hold when someone feels desperate financially and wants to make back what they have lost. Once the person finally wins, while they may end up collecting a massive amount of money from that win, it is rarely enough to cover what has already been lost.
Most gamblers never even come close to breaking even."


@Hyperjacked: you too.

Don't judge me...This isn't a gambling site its discussion about the Bitcoin price and technicals !

why don't you go on one of those gambling threads or preach to someone who has a sponsored gambling link?

Lol @  isn't a gambling site! TA of bitcoin is sadder than TA of shooting craps. Yah, gots me ah Cray crunching slots data, with upgraded sciences and a new bleep-blooper with flashing lights, serious shit! Gonna make me some serious scratch, baby!

You need some help yourself...please don't address me again!

Goodnight all

[adamstgBit]

[ChartBuddy]

Coin



Explanation

[yefi]

It really wasn't that big of a move. I'm sorry to tell you, but my rule is that the less I trade the more money I make. You just have to be patient and not try and be cute and hang on every little move.

There's certainly some wisdom in that. The winning trait of the best trader is his ability to refrain from a trade.

[marcus_of_augustus]

http://bravenewcoin.com/news/financial-institutions-flock-to-blockchain-technology-while-bitcoin-divides-opinions/

“ultimately, however, it is central banks, not commercial banks, that have the most to fear from decentralized cryptocurrencies like bitcoin because it renders them obsolete.”

[JayJuanGee]

Things are about to get wild in the next months

I wonder if I should inquire?   

Are you trolling? 

Wild in what regard? 

Seems pretty wild already, at least in recent weeks.

Are we going up or down or both, and by how much?  Should I attempt trading, or is the direction too unpredictable?

[JayJuanGee]

ummm, the manipulator just showed their hand ... and got drained 2-3k cheap coinz.

Just proves that the market can be pushed any which way that The Manipulator wants it to go. Had the Stamp Whale not immediately dumped after he pumped, we would have had lift off. All technicals and fundamentals go right out of the window in this market. The whim of the whale decides.

On one hand, if the whale is a large holder of Bitcoin, surely ultimately in the long run, he wants Bitcoin to go up. Stratospheric even...on the otherhand, it is exactly shite like that 20 second pump n dump that will put off traders from investing in Bitcoin. With unregulated exchanges, what is stopping some whale from having access to an exchangers order books, seeing where all the Stops are, and basically fucking robbing people? (as happens on Bitfinex anyhow)

Maybe anything I say is not going to stop you from pursuing this somewhat illogical theory of one manipulator buying and selling on the same exchange.  

Your theory makes some sense, but you pursue it to such degree that you act as if there is evidence for such. 

I will concede that there may be circumstances in which there may be some rationale to manipulate in upward, rather than downward; however, a more likely scenario is that the downward manipulators buy somewhere else, and transfer coins to Stamp to dump.

[adaseb]

Alright. Enough fighting in this thread. We will know in the next few hours where Bitcoin will be headed once it breaks out of the wedge.

If it breaks up, then it will test the ~350 level before heading higher.

IF it breaks down, then it will test the minor support at ~330 and then the major support at $300.


IF $300 Breaks, then its VERY bearish but it should hold given the massive rise from that level. I highly doubt this move was caused by the MMM scam.

[adaseb]

This is why you shouldn't trade during the weekend. Don't trade until the Asian open which is in the evening in Eastern time in the USA.

[makeacake]

http://bravenewcoin.com/news/financial-institutions-flock-to-blockchain-technology-while-bitcoin-divides-opinions/

“ultimately, however, it is central banks, not commercial banks, that have the most to fear from decentralized cryptocurrencies like bitcoin because it renders them obsolete.”

@ "have the most to fear"
We banksters have more wealth than you could shake a stick at, visiting our humungous fortunes upon our children, and upon the children's children, unto the third and to the fourth generation. While you gamble away what little you make

http://www.whatsonyourwall.com/banksy-graffiti-25/banksy-umbrella-crack-b185-colour-white-39986-54061_medium.jpg

[adamstgBit]

I think the market is full of Wanna be Manipulators quietly accumulating and trying all kinds of tricks to keep price in check as they do it.

they could feel their control slipping away so they ran the price up a level so they could stay in control.

[marcus_of_augustus]

http://bravenewcoin.com/news/financial-institutions-flock-to-blockchain-technology-while-bitcoin-divides-opinions/

“ultimately, however, it is central banks, not commercial banks, that have the most to fear from decentralized cryptocurrencies like bitcoin because it renders them obsolete.”

@ "have the most to fear"
We banksters have more wealth than you could shake a stick at, visiting our humungous fortunes upon our children, and upon the children's children, unto the third and to the fourth generation. While you gamble away what little you make

except bankster fiat "wealth" has no backing of value, but only debts, small but important detail, pauper.

[marcus_of_augustus]

I think the market is full of Wanna be Manipulators quietly accumulating and trying all kinds of tricks to keep price in check as they do it.

they could feel their control slipping away so they ran the price up a level so they could stay in control.

yep, they are retreating to higher levels, after OTC demand came onto the exchanges ... at some point the successive retreats will become a rout.

[MatTheCat]

Maybe anything I say is not going to stop you from pursuing this somewhat illogical theory of one manipulator buying and selling on the same exchange.  

Your theory makes some sense, but you pursue it to such degree that you act as if there is evidence for such. 

I will concede that there may be circumstances in which there may be some rationale to manipulate in upward, rather than downward; however, a more likely scenario is that the downward manipulators buy somewhere else, and transfer coins to Stamp to dump.

So are you trying to say that the 60 second pump n dump on Stamp, wasn't intiated by just one entity?

He pumped, kicked the market into panic buying action as the market seemed to break out from the consolidation triangle, and then he fucking dumped right into the support which had collected beneath the spot, crashing it right back down...........at that point, anyone who had been paying attention paused, and waited....when it became clear the buying support wasn't there, then we had the panic sell-offs, no doubt crashing right into the whale's Bid walls below.

The whale could be have taken a good years executive salary from that little action, and not have any Bitcoins less than he had before.