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

[Fatman3001]

Try to stop this train!!!!



I dare you!!!

That's grand central station in Moscow. It's already stationary.

Eeechh...  But it looks badass!!!

[aztecminer]

I am doubting myself for being bearish but at the same time this pump does not make too much sense.
I feel like this should dump back down. What am I missing here?

the pump only makes since when you correlate that it started with the marshal's auction. then it makes all kinds of sense that bitcoin was specifically pumped for the marshal's to make as much profit with their confiscated coins as possible.. meanwhile, not one single dime of federal or state monies has been spent to stop the hydrocarbon carcinogens being dowsed upon northwestern LA. .. they did not send the fire dept, instead they told them to put out their own fire .. this was specific instructions from the obama administration ... the part ur missing is that obama is still occupying the wh.

[BlindMayorBitcorn]

Thanks. I wasn't on LSD. I was just describing an acid trip I had in the past, freediving off the big island of hawaii. I think people got confused about this in the chat.

 

[marcus_of_augustus]

matthecat and morecoin freeman both bitcoin#rekt in the same day, couldn't get much better ... sup guys, not HODL those coinz?

[brg444]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

i didnt get the news. where to find it?

Here: https://botbot.me/freenode/bitcoin-core-dev/2016-01-20/?msg=58304091&page=2

thx

agree, that's it with classic.

I would take anything brg444 says with a pinch of salt as he completely lacks objectivity.

I shoot straight. You can dig yourself for the facts, troll.

[billyjoeallen]

Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m

It's the FULLBLOCALYPSE_TM

[Richy_T]

Thanks. I wasn't on LSD. I was just describing an acid trip I had in the past, freediving off the big island of hawaii. I think people got confused about this in the chat.

 

Maybe he still is freediving in Hawaii and hallucinating the chat.

[Richy_T]

Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m

It's the FULLBLOCALYPSE_TM

I think I'm done arguing. It just has to play out now.

(I was actually going to use that word but couldn't remember it exactly.)

[marcus_of_augustus]

Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m

It's the FULLBLOCALYPSE_TM

I think I'm done arguing. It just has to play out now.

(I was actually going to use that word but couldn't remember it exactly.)

big blocker capitulation is close ... they have no logical ground to stand on and the whole edifice is crumbling, Crassic was just the Hearn echo swansong

[peonminer]

Someone rage quit again so we can have more cheap coins 😎

[BitUsher]

Someone rage quit again so we can have more cheap coins 😎

Hmmm... Roger , Olivier , Garzik and gavin seem too levelheaded, and most the other Classic supporters don't have many coins . Peter may become a candidate and perhaps Jonathan might accidentally drink his brother LCD laced OJ causing an accidental sell order to donate to the dolphins in Hawaii... I think we might be stuck going up with Hearn being the last big ragequit.

[LFC_Bitcoin]

XT
Bitcoin Unlimited
Classic

If Classic does get REKT how long before Gavin, Hearn or any others try to propose something else?
Let's take guesses on what the next FAIL will be called.

I'll go for Bitcoin Legion  

[suda123]

Coin


Explanation

https://www.youtube.com/watch?v=k1UuEHmxG0U

[JayJuanGee]

I am doubting myself for being bearish but at the same time this pump does not make too much sense.
I feel like this should dump back down. What am I missing here?

It makes sense if you stop thinking about Bitcoin as an organic market, and start thinking about it as a Cash Cow controlled by Chinese Bitcoin Cowboys. Crash down to Long RLZ, and then right back up to Short RLZ within a few days? It's bullshit. It is a rigged casino designed to deprive the majority of thier funds. Perma bulls get the thrill of seeing their USD wealth inflate when 'they' pump but get that sinking feeling in their gut when they see their USD wealth evaporate when BTC crashes, and bears vice versa.

An organic market is 'the herd'. And it is possible to develop an acumen in the reading of charts and the use of statistical based tools, to forecast future herd movements. Bitcoin is not so much the herd, as the herd being rounded up by the Bitcoin Cowboys. 'They' have this market on the end of a piece of string like a fucking Yo Yo.

U will know how to read market signals. Look back at the consolidation formation prior to break out. It was saying bear all the fkn way. It was as though the formation was intentionaly designed to trick as many people as possible, and for those who had the audacity to still see it as Long (I was one of them), we even got a move down to take out lowest low, and wipe out all the long Stop Orders. 'They' did not want the public getting in on this at the bottom. 'They' wanted the public chasing the momentum. 'They' want the public to be buying Bitcoin right now! Buying 'their' Bitcoin, that they picked up $350-$380. Although, after that vicious engulfing Doji candle that hit right into 61.8% Short RLZ, only the most fucking stupid of investors are going to enter Bitcoin here, enter they still will, and last I checked, PoC is sitting up at $435...a likely upside target when all is said and done, but will I be attempting to ride it up? NOOOO!

Point is, everything about the crash, and everything about this 'miracle' rise, has fuck all to do with fundamentals, and everything to do with rigged market machinations. Rise was too fast, and it came from nowhere. Reminds me a bit of the March 2014 parabolic rise when Bitcoin surged from $580 - $710. Too much, too soon. Just not fucking sustainable, manufactured as fuck and we all know what happened next.

As soon as the 'top' is confirmed, I will be hunting shorts on Bitcoin targetting $310 area, cos that is where this fucker is going. But if that V bottom was anything to go by, I guess I shouldn't expect a nice easy double top M market structure to trade....I suspect only the chosen and the highly risk tolerant will get to short with the choice trade entry points.

You are really full of it, if you are comparing the bitcoin market from March 2014 to the bitcoin market now.... in March 2014, bitcoin was coming off of a ATH peak... and currently, bitcoin is coming off of a prolonged down market, including more than half of 2015.... different positions and needs to be assessed differently.

[billyjoeallen]

Blocks are full. Let's see what happens.

https://www.reddit.com/r/btc/comments/41whvw/maximum_of_transactions_second_that_bitcoin_can/cz5v60m

It's the FULLBLOCALYPSE_TM

I think I'm done arguing. It just has to play out now.

(I was actually going to use that word but couldn't remember it exactly.)

big blocker capitulation is close ... they have no logical ground to stand on and the whole edifice is crumbling, Crassic was just the Hearn echo swansong

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

[Fatman3001]

Am I the only one who finds it ironic that JJG has taken it upon himself to do QC on WO-thread posters?

Cool

the shouty irish guy

[LFC_Bitcoin]

You don't seem to understand. Bigblockers will win if we crash the price far enough to persuade the miners to switch. If we fail in that, it's because the price is going up and they have no reason to listen to us. (if it ain't broke, don't fix it). So it's simple. Just keep pumping until we go away. That's how you'll get us to capitulate.

Did you miss the bit when it's been tried & failed a number of times now?

[Fatman3001]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

i didnt get the news. where to find it?

Here: https://botbot.me/freenode/bitcoin-core-dev/2016-01-20/?msg=58304091&page=2

thx

agree, that's it with classic.

I would take anything brg444 says with a pinch of salt as he completely lacks objectivity.

without bitfury and f2p, classic has no chance to reach even 50%.

Where does it say Bitfury supports this?

[ImI]

Why are we still discussing Classic like it's not a failed project already?

Didn't you get the news?

i didnt get the news. where to find it?

Here: https://botbot.me/freenode/bitcoin-core-dev/2016-01-20/?msg=58304091&page=2

thx

agree, that's it with classic.

I would take anything brg444 says with a pinch of salt as he completely lacks objectivity.

without bitfury and f2p, classic has no chance to reach even 50%.

Where does it say Bitfury supports this?

Bitfury said already yesterday that they wont support Classic.

edit: https://medium.com/@BitFuryGroup/keep-calm-and-bitcoin-on-4f29d581276#.r2d5cdk2i

[JayJuanGee]

I am tired of all that shit. I quit Bitcoin until the next ATH.

Good for you, and bad for us.... hahahahaha  

We gotta put up with more fake quitting drama........ and fewer coins for us.  

Haha, shame the price won't go up 10% after this nobody quits bitcoin

Dude, you should show more respect to people more wealthy and clever than you.

We shouldn't be doing status trips on the interwebs.... Instead, post some substance, and then we will consider your thoughts.

If you are going to quit, then no problem with that; however, what would be the reason to publicly announce it, unless you are some kind of attention whore or you really don't  mean it.... and you are just playing it for its trolling effect.

I posted on the Wall Observer, I didn't even create a thread. And to post somewhere help to consolidate the decision through social pressure even it it didn't work out this time (the first 24 hours are the hardest when quitting an habit).

Now, you are just continuing drama in a troll-like and apparent disingenuous manner.    It's like you are just making things up, and do you even hold any coins?   People who invest in coins take their involvement a bit more serious even if they cannot decide whether they are bears or bulls, or some hybrid.


Surely, there is nothing wrong with a bit of humor and even indecision regarding the proportion of investment and maybe beginning to disinvest some of your BTC if you are either in profits or you believe that you have overextended for your own level of tolerance... but really, you are appearing to be more of an attention whore in your weak walking back of your supposed quit.

I didn't talk about my investment. I am only tired of the mental space Bitcoin take in my head and the time I spend browsing Bitcoin related stuff, especially with all the nonsense coming through this blocksize debate. But this is totally independent of my financial decisions.

Actually, that is a decent point, and I kind of agree with you regarding that aspect of bitcoin.  For one thing, bitcoin trades 24/7, and another thing is that it has a disruptive potential in respect to so many aspects of society that there are continuous developments that are likely only going to exponentially grow along side the networking effects. 

Actually, the investing can make the whole sucking in nature of bitcoin a bit more unsettling - depending on the level of the investment.  I probably had sucking in even while accumulating bitcoin; however, in the past about four months, since i have been trading, i find it a bit more difficult to sleep if I feel that I am a bit over invested in one direction or another (either waiting to buy or waiting to sell.. and waiting for the price to come to my position).