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

[Paashaas]

Hello! I'm new here ... But I have been watching you all from the shadows for the past 200 pages or so... ( oh boy .. that was creepy... )


I read the forum while eating popcorn, drinking "bear" and trading the bitcoin all day long!

 ... And I came here for the bear fights and rocket pictures!!! I <3 rocket pics! 

Welcome Savetherainforest!

For pictures youre shoud use Imgur.com, so ppl dont need to click a link for youre rocket pics.

[Fakhoury]

                                                                    I can do it all...


         my Bank                      my Cash                      my Vote                      my Deal                      my Data

   https://bitcoin.org        https://bitcoin.org        https://voteflux.org    http://www.rootstock.io    http://factom.org


                                                                  myBTC

Well said !!

[USB-S]

Hello! I'm new here ... But I have been watching you all from the shadows for the past 200 pages or so... ( oh boy .. that was creepy... )


I read the forum while eating popcorn, drinking "bear" and trading the bitcoin all day long!

 ... And I came here for the bear fights and rocket pictures!!! I <3 rocket pics!  

Welcome Savetherainforest!

For pictures youre shoud use Imgur.com, so ppl dont need to click a link for youre rocket pics.

I think newbies can't use IMG tags. For safety.

Buyers were just figuring it out that there is a lot of negative hype about bitcoin, and it is the shit... ETH does not really seem to have much to do with the current BTC pump.

Eth will fall even further in future months. There is no practical use for DAO(A fund that holds ether, that can be manipulated by exchanges to vote for themselves for profit)
I'm going to speculate, that bitcoin price will increase because of this.

During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)...

however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins...


in essence the theory of my first posting, demand exceeds supply.

You sound like a bubble.


For safety

[savetherainforest]

I think newbies can't use IMG tags. For safety.

Yep ... I figured that out in the off-topic section...


Btw .. I'm waiting for that guy that keeps pumping to wake up, from the looks of the swings he is probably sleeping or making his coffee now... just a few more hours!

[USB-S]

I think newbies can't use IMG tags. For safety.

Yep ... I figured that out in the off-topic section...


Btw .. I'm waiting for that guy that keeps pumping to wake up, from the looks of the swings he is probably sleeping or making his coffee now... just a few more hours!

It's good that you've been following this thread for 200 pages. You know the signals then!


Follow these signals to perfect, what traders call: sleight of hand. You'd pump before every pump and dump before every dump.

[peonminer]

You're welcome, Bitcoonerz

[savetherainforest]

sleight of hand.

Them are some real porno signs!


But I'm actually a real slacker when it comes to trading ... I'm doing like 10% per month ... I'm very casual!

And btw... it will go somewhere between 600$ - 800$ very soon ... but it won't find solid ground on that interval ... because 600$ is a psychological level for now! ... It will do its thing 600$+ .. then it will come back and stay somewhere between 550$ - 600$ till 2-3 weeks before the halving... Then everyone will panic and stay at $600+

[JayJuanGee]

During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)...

however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins...


in essence the theory of my first posting, demand exceeds supply.

You sound like a bubble.


For safety

Like I am about ready to pop?    That does not sound good.  I better go to my doc for a check-up.  I have been feeling a little bloated in recent days, but I thought that it may have been because I was eating too much salt.

 

[USB-S]

During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)...

however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins...


in essence the theory of my first posting, demand exceeds supply.

You sound like a bubble.


For safety

Like I am about ready to pop?    That does not sound good.  I better go to my doc for a check-up.  I have been feeling a little bloated in recent days, but I thought that it may have been because I was eating too much salt.

 

Nah, your bubble will last a lifetime for you.
Feeling bloated is way better than the farts I've been letting out, they smell like rotten feces of a diseased animal. I think I have to replace my chair soon, the smell wont come off.

[JayJuanGee]

sleight of hand.

Them are some real porno signs!


But I'm actually a real slacker when it comes to trading ... I'm doing like 10% per month ... I'm very casual!

And btw... it will go somewhere between 600$ - 800$ very soon ... but it won't find solid ground on that interval ... because 600$ is a psychological level for now! ... It will do its thing 600$+ .. then it will come back and stay somewhere between 550$ - 600$ till 2-3 weeks before the halving... Then everyone will panic and stay at $600+

What's that mean?  doing 10% per month?  Are you trading 10% of your BTC holdings, or are you profiting 10% per month  (profiting consistently 10% per month is 120% per year, and there would be rare instances in which anyone could carry that out, especially consistently).

Sure some years, people gain more than other years in trading, but it seems fairly unreal to profit consistency in any kind of way, and if you can profit consistently more than 20% per year, you would be a superstar if you were to sell your talents.

[JayJuanGee]

During that price movement process of recent months and last week's breaking of the $470 resistance, the theory is either that: 1) the bears (sellers) are running out of coins to sell (and no one else really wants to sell when the price goes lower than $440), or that 2) the price is being manipulated by whales (large holders of coins)...

however, even though the volume did not pick up initially except to bring us from the $450s to $490s, the volume did pick up after that so the price battle ensued, and it really seems that we are not being manipulated by whales... and sellers are running out of coins...


in essence the theory of my first posting, demand exceeds supply.

You sound like a bubble.


For safety

Like I am about ready to pop?    That does not sound good.  I better go to my doc for a check-up.  I have been feeling a little bloated in recent days, but I thought that it may have been because I was eating too much salt.

 

Nah, your bubble will last a lifetime for you.
Feeling bloated is way better than the farts I've been letting out, they smell like rotten feces of a diseased animal. I think I have to replace my chair soon, the smell wont come off.

Actually, I used to have that kind of a gas issue quite a bit a few years ago, and then I mostly cut carbs out of my diet, and largely the gas went away....


It's been several years; however you know with low carb eating, sometimes there starts to be a kind of carb creep, and I think that is what I have been experiencing, carb creep (and so the salt kind of exacerbates some issues with too many carbs in my regular intake).  


Regarding price, it seems that there remains a certain upwards pressure.. but maybe some of the exchanges are running out of money, and yeah, stamp seems to kind of been holding up everyone else in regards to price, no?

There could be some folks on Stamp that are holding a lot of cash, but they do not want to pump too early in the weekend in case they may experience too big of a battle from bears, so in that regards, they are waiting for reinforcements to come from deposits - because even the big players would rather not have to bear the whole burden of any kind of pump.  So maybe we will get  a pump in the next 12 hours, maybe right before new deposit money arrives?  I know, more guessing from me.

[savetherainforest]

What's that mean?  doing 10% per month?  Are you trading 10% of your BTC holdings, or are you profiting 10% per month  (profiting consistently 10% per month is 120% per year, and there would be rare instances in which anyone could carry that out, especially consistently).

Sure some years, people gain more than other years in trading, but it seems fairly unreal to profit consistency in any kind of way, and if you can profit consistently more than 20% per year, you would be a superstar if you were to sell your talents.

No ... I'm for real ... like 10 then next month > 11 > 12.1 > 13.31 .. etc

Isn't that normal? ... You just have to feel your gut and take decisions in a weird way ... play it safe but live a little!

Btw .. I think the whale woke up .. he started trading again! All aboard!!! Chiuuuuu!!! Chiuuuuuuu!!!

[USB-S]

Regarding price, it seems that there remains a certain upwards pressure.. but maybe some of the exchanges are running out of money, and yeah, stamp seems to kind of been holding up everyone else in regards to price, no?

There could be some folks on Stamp that are holding a lot of cash, but they do not want to pump too early in the weekend in case they may experience too big of a battle from bears, so in that regards, they are waiting for reinforcements to come from deposits - because even the big players would rather not have to bear the whole burden of any kind of pump.  So maybe we will get  a pump in the next 12 hours, maybe right before new deposit money arrives?  I know, more guessing from me.

Don't you think that Stamp might have too low volumes to hold the price back? Arent the main moves coming from the Chinese exchanges? Stamp kind of seems irrelevant compared to

I'm going to suggest that we are going to stay green the next few days, then correct ourselves.

[USB-S]

What's that mean?  doing 10% per month?  Are you trading 10% of your BTC holdings, or are you profiting 10% per month  (profiting consistently 10% per month is 120% per year, and there would be rare instances in which anyone could carry that out, especially consistently).

Sure some years, people gain more than other years in trading, but it seems fairly unreal to profit consistency in any kind of way, and if you can profit consistently more than 20% per year, you would be a superstar if you were to sell your talents.

No ... I'm for real ... like 10 then next month > 11 > 12.1 > 13.31 .. etc

Isn't that normal? ... You just have to feel your gut and take decisions in a weird way ... play it safe but live a little!

Btw .. I think the whale woke up .. he started trading again! All aboard!!! Chiuuuuu!!! Chiuuuuuuu!!!

What if you were to short just before we went from $440 to $500. You'd make a profit of -$580 on your 10 bitcoins, just within a snap of a finger. Even traders who have trained their guts, get the taste of losing to the market. Your 10% per month isn't sustainable. However if you're making any kind of profits with crypto, you're still doing better than the guys who got too greedy.

[JayJuanGee]

What's that mean?  doing 10% per month?  Are you trading 10% of your BTC holdings, or are you profiting 10% per month  (profiting consistently 10% per month is 120% per year, and there would be rare instances in which anyone could carry that out, especially consistently).

Sure some years, people gain more than other years in trading, but it seems fairly unreal to profit consistency in any kind of way, and if you can profit consistently more than 20% per year, you would be a superstar if you were to sell your talents.

No ... I'm for real ... like 10 then next month > 11 > 12.1 > 13.31 .. etc

Isn't that normal? ... You just have to feel your gut and take decisions in a weird way ... play it safe but live a little!

Btw .. I think the whale woke up .. he started trading again! All aboard!!! Chiuuuuu!!! Chiuuuuuuu!!!

Yeah, real gibberish... you are likely referring to how many satoshi's you are paid in order to troll from mommie's basement.

[JayJuanGee]

Regarding price, it seems that there remains a certain upwards pressure.. but maybe some of the exchanges are running out of money, and yeah, stamp seems to kind of been holding up everyone else in regards to price, no?

There could be some folks on Stamp that are holding a lot of cash, but they do not want to pump too early in the weekend in case they may experience too big of a battle from bears, so in that regards, they are waiting for reinforcements to come from deposits - because even the big players would rather not have to bear the whole burden of any kind of pump.  So maybe we will get  a pump in the next 12 hours, maybe right before new deposit money arrives?  I know, more guessing from me.

Don't you think that Stamp might have too low volumes to hold the price back? Arent the main moves coming from the Chinese exchanges? Stamp kind of seems irrelevant compared to

I'm going to suggest that we are going to stay green the next few days, then correct ourselves.

You cannot just discount Stamp - because there are a lot of businesses that peg themselves to the Stamp price - but yeah, Stamp's performance this weekend has been seeming to be quite out of line with all of the other exchanges.

Maybe it will help them to have a Euro/USD pairing - because if some account holders had been bluffing in their holding dollars on the exchange, they seem quite misaligned with the other exchanges.

This last dump down to $515?  and then it bounced back, while other exchanges are quite higher including BTCe at $535 and Bitfinex at $540 and Huobi at $570 but they did dip a little bit too after Stamp's dump.. so in some sense, the pathetic and bearish exchange may be leading everyone else because it seems that they may be running out of cash on bitstamp..

[savetherainforest]

What if you were to short just before we went from $440 to $500. You'd make a profit of -$580 on your 10 bitcoins, just within a snap of a finger. Even traders who have trained their guts, get the taste of losing to the market. Your 10% per month isn't sustainable. However if you're making any kind of profits with crypto, you're still doing better than the guys who got too greedy.

It is really about taking responsibility ... if I ever make a mistake ... or better said when I made mistakes if I saw someone going against the tide I just buyback in at a 0.1% - 0.5% loss! And I stay like 90% of the time in bitcoin and 10% of the time in fiat. And when I trade I stay like a leech chained to the computer! ... You can not leave your coins over night in fiat! Because there are somewhere around 150 - 200 trillions of fiat  fake money in the world! ... And if in some day in the future all the governments of the world decided behind close doors that they need to have 50% bitcoin of their total liquidity! ... and I'm not saying 50% as in 100 trillion ... but even 21 trillions, that would make 1 million for each coin! Cause they will want in on this.... they can't tax us for using it! So they must get involved to created government services paid with bitcoins. And they will also want to control the price ... and as far as I'm concerned they will have meetings and set a price for bitcoin at a global scale! And basically they will say we need it to stay at 1.240.500 per coin with a 0.0001% spread! ... So basically we pay them for services like simple things in life... health care in their hospitals or the tax per property. And they will peg it to something else than $ , euro ... they will peg it to gold and silver! And that is something they can control in some way! ... So basically we need to create our own private education system and private schools. Keep the money inside the family! And not give the government majority holdings! ... But they will not do that 0.0001% spread thingy! They will make an illusion of choice! But their computers will know when to take action and make more profit than us if they control the systems in the exchange! ... The point I want to get is how do we value our coin on the black market without doing mass scale trading? Word from mouth to mouth and a common social awareness of all the prices of every commodity on the face of the planet?

[USB-S]

What if you were to short just before we went from $440 to $500. You'd make a profit of -$580 on your 10 bitcoins, just within a snap of a finger. Even traders who have trained their guts, get the taste of losing to the market. Your 10% per month isn't sustainable. However if you're making any kind of profits with crypto, you're still doing better than the guys who got too greedy.

It is really about taking responsibility ... if I ever make a mistake ... or better said when I made mistakes if I saw someone going against the tide I just buyback in at a 0.1% - 0.5% loss! And I stay like 90% of the time in bitcoin and 10% of the time in fiat. And when I trade I stay like a leech chained to the computer! ... You can not leave your coins over night in fiat! Because there are somewhere around 150 - 200 trillions of fiat  fake money in the world! ... And if in some day in the future all the governments of the world decided behind close doors that they need to have 50% bitcoin of their total liquidity! ... and I'm not saying 50% as in 100 trillion ... but even 21 trillions, that would make 1 million for each coin! Cause they will want in on this.... they can't tax us for using it! So they must get involved to created government services paid with bitcoins. And they will also want to control the price ... and as far as I'm concerned they will have meetings and set a price for bitcoin at a global scale! And basically they will say we need it to stay at 1.240.500 per coin with a 0.0001% spread! ... So basically we pay them for services like simple things in life... health care in their hospitals or the tax per property. And they will peg it to something else than $ , euro ... they will peg it to gold and silver! And that is something they can control in some way! ... So basically we need to create our own private education system and private schools. Keep the money inside the family! And not give the government majority holdings! ... But they will not do that 0.0001% spread thingy! They will make an illusion of choice! But their computers will know when to take action and make more profit than us if they control the systems in the exchange! ... The point I want to get is how do we value our coin on the black market without doing mass scale trading? Word from mouth to mouth and a common social awareness of all the prices of every commodity on the face of the planet?

Most likely future bitcoiners will arrive to crypto themselves, because they need it(cheap international remittance, deepdark web, backpage, gambling) or they just want to get rich. We don't really need promoters as much as we need users, who use bitcoin simply because it works(better than fiat).
It'll be hard to peg bitcoin to gold/silver just because of the fact that the exchanges are centralized weak points. Also Bitcoin offers a lot of utility at the moment, even more so than gold. Bitcoin only exists because of government Subsidies, that means we would need the government to exist for bitcoin to exist.
Why even bother with bitcoins, a resource based economy would be the greatest thing humanity has ever seen, but setting up such network isn't something that is done overnight, if ever. Until we have a resource based economy, I'll stick with my bitcoins.

[savetherainforest]

a resource based economy would be the greatest thing humanity has ever seen

That ... that makes you weak! ... Resource? What resource? Gold / Silver can be mine from the Moon / Mars / Mercury / All over the Solar system! And people have their days numbered till someone crazy invents an artificial womb!

[bitebits]

All aboard!!! Chiuuuuu!!! Chiuuuuuuu!!!

You must be new here  .


CCMF!