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

[Cconvert2G36]

edit: speaking of Popescu....

I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.

"Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans?

Peer to Peer Electronic Cash System
vs
Peer to Peer Electronic Wealth Storage System

I think we've distilled it down. I also think it can be both, but the former facilitates the latter.

[brg444]

edit: speaking of Popescu....

I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.

"Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans?

Peer to Peer Electronic Cash System
vs
Peer to Peer Electronic Wealth Storage System

I think we've distilled it down. I also think it can be both, but the former facilitates the latter.

I'm not even sure if you're trolling or actually stupid... maybe just shortsighted.

There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude.

"buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW"

Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...

[hdbuck]

edit: speaking of Popescu....

I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.

"Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans?

Peer to Peer Electronic Cash System
vs
Peer to Peer Electronic Wealth Storage System

I think we've distilled it down. I also think it can be both, but the former facilitates the latter.

I'm not even sure if you're trolling or actually stupid... maybe just shortsighted.

There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude.

"buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW"

Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...

They still cant figure bigger blocks leads to no peers to peer.

[JayJuanGee]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

how are we going to use BTC Market's information in order to determine whether to buy more, sell more or hodl?

[BTC_Markets]

how are we going to use BTC Market's information in order to determine whether to buy more, sell more or hodl?

BitcoinMarkets Flair Δ is comprised of reddit users, generally emotional but react quickly to change in macro and news. The sentiment actually tracks *changes* in sentiment, meaning how many people switched from bullish to bearish (and vice-versa) in the past 24 hours. A high long percentage for example would indicate that people think we've reached a bottom, that we've broken out, that we've been dumping for too long, or some kind of macro-catalyst just came out.


OKCoin Elite Traders are the top 100 trader positions on OKCoin spot. This doesn't indicate how big each position is, but just whether the trader is long or short.


OKCoin Futures Position Ratio indicates position sizes for longs and shorts. A 30% vs 40% sentiment means there is 33% more short capital than long capital. This can be useful to predict potential short and long squeezes.


Bitfinex  (24h) gives a quantitative measure of rolling longs/shorts on Bitfinex over the past 24 hours.


Whaleclub.co Top Traders indicates how many traders are long vs short on Whaleclub.co and filters to include only the top 100 traders over the past quarter. It does not take into account position sizes, similarly to the OKCoin Elite Traders sentiment indicator.


So this should give you a bird's eye view of where market participants stand and combined with price and trend data can be very useful in building accurate trade setups.

[brg444]

...
There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude.

"buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW"

Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...

I agree. For now, Bitcoin is useless as money. As are Beanie Babies. OTOH, both could be used as "stores of value."
When pitching BTC to the neighbor you've trapped in the elevator, make sure not to bring up the fact that Bitcoins have lost 2/3rds of the value they were storing over the last 2 years, while Beanies did not.

Original Bitcoin collectors are enjoying tremendous returns  

Didn't you get humiliated enough by oda.krell last time you recycled this trolling point? Or did you miss the part where I mention "price discovery"?

So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)

Jesus Lambie, you've really become a weak, washed-up version of yourself  

"Looking like Larry Holmes, flabby and sick"

[peonminer]

Looks like Tamri and MattTheCat are still trading. 4.9% shorters. Good luck.

[Cconvert2G36]

Original Bitcoin collectors are enjoying tremendous returns  

Worthy of emulation, right?

So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)

Date Registered:   February 16, 2014, 06:46:12 PM   

[brg444]

Original Bitcoin collectors are enjoying tremendous returns  

Worthy of emulation, right?

So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)

Date Registered:   February 16, 2014, 06:46:12 PM   

I know, it's a shame you've been here 2 years longer than me yet can't seem  to grasp the most simple concepts 

[ChartBuddy]

Coin



Explanation

[Hyperjacked]

Market Sentiment

Longs | Shorts


BitcoinMarkets Flair Δ
38.87% | 61.12%

OKCoin Elite Traders
41% | 56.99%

OKCoin Futures Position Ratio
29.95% | 39.04%

Bitfinex  (24h)
75.09% | 24.9%

Whaleclub.co Top Traders
46.68% | 53.32%



Δ calculates flair changes from bullish to bearish and vice-versa in the past 24 hours

Cool! Thanks for posting.

I hope you keep posting on a regular basis! It's valuable info...

[Fatman3001]

Original Bitcoin collectors are enjoying tremendous returns  

Worthy of emulation, right?

So, realistically, you had about 1 year of time to buy at a "loss" compared to current prices, between Nov. 2013 and Nov. 2014. Buying at any other time means you're not in the red, and, in fact, made a profit (on paper, assuming you're long)

Date Registered:   February 16, 2014, 06:46:12 PM   

I know, it's a shame you've been here 2 years longer than me yet can't seem  to grasp the most simple concepts 

ech... who cares?

Bitcoin XT is winning now that Gavin Andresen is at the helm.

I'm actually curious to see if you and hdbuck will keep bitching on about this stupidity when it's all over.

[nioc]

edit: speaking of Popescu....

I don't think it's either practical nor feasible nor even desirable to use Bitcoin in the day to day dabble of pizzas, phone credits, hairspray and sneakers. People try to, because of the misguided belief that Bitcoin value is somehow related to or deriving from its crossection in the retail market. This happens to be completely untrue : you can't buy any pizza with SDRs, and yet that doesn't somehow make SDRs worthless. The belief itself may be a case of "everything appears a nail to the man holding a hammer", in the sense that people who have never interracted with any other aspect of economy besides the supermarket counter may genuinely imagine that's what economy is. Still, that makes no difference.

"Interraction" with the economy... like exchanging shares of blogs and gambling sites with other titans?

Peer to Peer Electronic Cash System
vs
Peer to Peer Electronic Wealth Storage System

I think we've distilled it down. I also think it can be both, but the former facilitates the latter.

I'm not even sure if you're trolling or actually stupid... maybe just shortsighted.

There's a time for everything. While Bitcoin is doing the thing called price discovery any attempt to compare it to cash in terms of velocity and ease of exchange is positively retarded and shows an absolute lack of economic aptitude.

"buttt bbbbbuttt buttt Satoshi told me I could send it all over the world NOW"

Oh well.. if spending bitcoins makes you "warm and fuzzy" inside go right ahead...

FWIW the reason I found btc almost 3 years ago was not only because of it's usefulness as a currency that I could send anywhere NOW but especially that I could receive it NOW.  It's not an either or proposition.

[Hyperjacked]

Well the 4hr inverse head an shoulders did not breakout...

Back to the tight range game!

[peonminer]

Shorters, ye be warned.

1D Chart

1W Chart

[peonminer]

Well the 4hr inverse head an shoulders did not breakout...

Back to the tight range game!

LOL PWND

1 Minute Chart

[Cconvert2G36]

ech... who cares?

Bitcoin XT is winning now that Gavin Andresen is at the helm.

I'm actually curious to see if you and hdbuck will keep bitching on about this stupidity when it's all over.

Over 25% of the hashing power has explicitly said they wouldn't be doing 101, especially as XT.

Both fundamentalist camps are going to have to swallow their pride and come to a compromise in the form of a more conservative increase schedule.

[POM]

$400 tomorrow i hope 

[ssmc2]

$400 tomorrow i hope 

Tomorrow or early Monday 

[peonminer]

Willybot v2.1 confirmed ON