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

[JayJuanGee]

If I had more guts, I'd short at this point.

Should re trace to the point where previous resistance becomes support...

Should......

Edit- right Around 465 , but I would set my bids at 470

The price has been surpressed for quite a while, so it is not really very clear when the correction is going to come, and it could come now?  It could wait until  $520 or it could wait until sometime in the upper $500s or $600s...

Personally, I can't really relate anyhow, because I do not open shorts, I merely close longs and open new longs.  So I likely more limited in my thinking.. and more conservative in my gambling, too.   

[Hunyadi]

BTW, the disappearance of the "trolls" precedes the occurrence of the pump, just in case you're wondering where they've gone?

Their job is done.

Good point. Where are they 

[AlexGR]

http://moneymorning.com/2016/05/25/this-bitcoin-price-prediction-sees-a-2016-rise-to-1000/

A Bitcoin price prediction of $1,000 by the end of 2016 might seem over the top — except that the person making it is two-for-two in his previous predictions.
I'm talking about Vinny Lingham, a familiar name in the Bitcoin universe. He gained notoriety among cryptocurrency fans by founding mobile gift card app Gyft in 2012. Gyft allows customers to buy gift cards with Bitcoin.
...
His Bitcoin price predictions have been infrequent, but on the money.

Lingham made his first Bitcoin price prediction at a Bitcoin conference in San Jose in May 2013. At that point, the Bitcoin price was fresh off a run that took it from about $13.50 in December 2012 to $266 in April, then a drop back down to the $115 range.

Lingham boldly predicted that the price of Bitcoin would hit $1,000 by the end of 2013. The audience chuckled at his audacity. While many Bitcoin enthusiasts felt the digital currency would get back to $266 or even $300, few thought it would reach $1,000 so quickly.
....
Lingham made his next Bitcoin price prediction in a late March 2014 blog post…
...
But the Bitcoin community remained undaunted. Bitcoin price predictions of an imminent return to $1,000 — and not long after that, $2,000 — were typical.

Except for Lingham. He flat out said the Bitcoin price would not revisit $1,000 in 2014. Instead, he foresaw a lengthy period of Bitcoin price consolidation in the $350 to $550 range.
...
Now, a little more than two years later, Lingham has weighed in again. This time he's bullish, predicting a Bitcoin price of $1,000-plus by the end of 2016.
...

So this might happen after all

[shmadz]

BTW, the disappearance of the "trolls" precedes the occurrence of the pump, just in case you're wondering where they've gone?

Their job is done.

Good point. Where are they 

I think it's obvious at this point. Their sole purpose is to keep the price down . That is their job. That is what they are paid for.

 personally I am sad to see them leave .

 " as low as possible, for as long as possible."

[marcus_of_augustus]

BTW, the disappearance of the "trolls" precedes the occurrence of the pump, just in case you're wondering where they've gone?

Their job is done.

... or the losers that were paying them stopped, 'cause they got stopped out and lost all kinds of money.

[JayJuanGee]

I wonder what is the next FUD-attack. Hearn, Ver, Wright, Ehrsam,...

Ha ha, I was half expecting something from the bogus Tulip Trust, like a story that the trustee had absconded with a million BTC

Yeah, either that or some kind of evidence of movement of some of those old coins, which would have caused FUCD... because of the timing with the Wright = Satoshi story.

[X7]

hodor

[shmadz]

Massive wall at 3500 has all the looks of a big crash coming

 I haven't been observing the walls very well lately, so your mileage may vary

*Edit* I think it might be starting to crack , probably just a retracement but watch out peeps

[JayJuanGee]

I'm so happy right now.

Look


Le Happy is happy.


Who would have thunk?

[GreekGeek]

 
is it ccmf  or not just yet?

[mogrith]

hodor

howall

[JayJuanGee]

JJG broke even. Finally. Huzzah!

You are misdescribing circumstances, and maybe you should give some of your own details.. because something seems missing from your comment..- even in a kind of patronizing respect.

In fact, at this time and this week, BTC is currently way too volatile (too much price action) for anyone to be "breaking even" in any kind of exact manner .. especially, not someone anywhere near my situation  - whether we are talking strictly about BTC holdings, or some other combination of funds that are being traded.

Now you are emulating dumbaztec.... and where did he go?


Go on BMB... give us some of your BTC buying/selling details?  do you own any BTC.. maybe .73BTC?  Do you own any alts, maybe a little ETH,... go on tell us?  have you been buying or selling cryptos or PMs in recent months? 

or are you like Stolfi, merely, participating herein for academic purposes..?.   something happened to Stolfi, too?   


Seems many of our bear troll shill fiends are disappearing, but I am sure that several of them will be back for our next correction in the $600s or maybe when we coming down into the $500s..

I got a giant sweaty wodge of coins from dealing in some pretty shady things on the darkweb. It's a sinister past and I'm not particularly proud of it. But I'm reformed.

Immoral or illegal?

Hm?

there are lots of different things, and details can make a difference in terms of what you are referring to and to the extent that you are not merely just making things up from the safe confines of your mommie's basement

Do you still want that order of Scopolamine? Or what?

I find no need to make shit up, or to play along with a kind of hypothetical that does not seem to apply to either of us.  I was not seeking to purchase anything, and you are not in any kind of internet business, at least nothing like that which you are referring... you seem to be living in a fantasy, rather than talking about some kind of actual personal experience(s).


So, snap out of it.     

[becoin]

Calm down, guys. This is just the beginning of a multi-months bitcoin price appreciation. Use pull backs to open fresh longs with comfortable level of leverage.

[Cryptoadvice_82]

 china is over 3500 CNY...that means 536$.
We will see 600+ very soon...700+ in 2 weeks

[Fakhoury]

Finex is flying, $508 so far.

Huobi is leading the race by $543.

[JayJuanGee]

Calm down, guys. This is just the beginning of a multi-months bitcoin price appreciation. Use pull backs to open fresh longs with comfortable level of leverage.

I'm afraid of leverage, and I think that I can make a sufficiently amount of money merely by using what I have already invested..


Selling as it goes up and continuing to buy (with the sales proceeds) on the dips.

 But I agree with you that it is going to become more likely that we are going to be going up, even if there are going to be some corrections too, possibly.

[bitebits]

I'm not usually worried about myself/those I care about getting murdered or raped, so good 'nuff for me.
But sure, it's possible to get crime rates down, though this typically involves more $ on policing &/or laxer policing standards. This does happen when crime rates become unacceptably high (think "stop & frisk," airport body searches, etc.), so careful what you wish for

Despite all the regulations and penalties during the Prohibition, alcohol was still easily obtainable. Despite all the dollars spent policing illegal substances, they are still easily obtainable. How do you suppose cryptos can be banned, regulated and policed so that they are sufficiently difficult to obtain as to deter an extortionist? The law and even the state has limits, and your proposal is not going to work nearly good enough.

Governments should ask themselves the question whether they want cryptocurrency to be underground or not. Whether or not you regulate / ban something people want or need, they will get it. The banning will only result in increased crime, loss of tax revenue, losing grip on KYC/AML, specific technical adaptions, missing the long due financial evolution train, etc.

Looks like some developed countries are actually making the above consideration. Maybe they actually do learn from the past?

[becoin]

Governments should ask themselves the question whether they want cryptocurrency to be underground or not. Whether or not you regulate / ban something people want or need, they will get it.

Unfortunately, most of them can't understand yet that it is not possible to regulate bitcoin. If it is somehow possible, this 'regulation' will have nothing in common with the way legacy finance/banking system is regulated. Money will be separated from state. This separation won't be less violent than separation of state from church 5-6 centuries ago.

[BlindMayorBitcorn]

JJG broke even. Finally. Huzzah!

You are misdescribing circumstances, and maybe you should give some of your own details.. because something seems missing from your comment..- even in a kind of patronizing respect.

In fact, at this time and this week, BTC is currently way too volatile (too much price action) for anyone to be "breaking even" in any kind of exact manner .. especially, not someone anywhere near my situation  - whether we are talking strictly about BTC holdings, or some other combination of funds that are being traded.

Now you are emulating dumbaztec.... and where did he go?


Go on BMB... give us some of your BTC buying/selling details?  do you own any BTC.. maybe .73BTC?  Do you own any alts, maybe a little ETH,... go on tell us?  have you been buying or selling cryptos or PMs in recent months? 

or are you like Stolfi, merely, participating herein for academic purposes..?.   something happened to Stolfi, too?   


Seems many of our bear troll shill fiends are disappearing, but I am sure that several of them will be back for our next correction in the $600s or maybe when we coming down into the $500s..

I got a giant sweaty wodge of coins from dealing in some pretty shady things on the darkweb. It's a sinister past and I'm not particularly proud of it. But I'm reformed.

Immoral or illegal?

Hm?

there are lots of different things, and details can make a difference in terms of what you are referring to and to the extent that you are not merely just making things up from the safe confines of your mommie's basement

Do you still want that order of Scopolamine? Or what?

I find no need to make shit up, or to play along with a kind of hypothetical that does not seem to apply to either of us.  I was not seeking to purchase anything, and you are not in any kind of internet business, at least nothing like that which you are referring... you seem to be living in a fantasy, rather than talking about some kind of actual personal experience(s).


So, snap out of it.     

You haven't come to terms with your sins. That's fine. You play the blind man all you want, but me, my eyes are wide open. I don't feel the need to spill out all over the place like you do; indiscretion is bad for business. You didn't tell me what you wanted it for and I didn't ask. But if you insist on sharing all your personal experiences with the class, by all means. My conscience is clean in this.

[Denker]

Morning gentlemen!
Just wow!I'm stunned!
Our boy is on steroids the last 24 hours!
I'm a bit afraid to be honest.There will be a correction.
Just when and how strong will it be?