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

[savetherainforest]

I actually don't trade Bitcoin anymore because it's not volatile enough and I don't trust the exchanges, and I have a day job that I enjoy and pays well and I need to get sleep at night. Most of my coins have been in the same cold storage wallet for 2 years. I'm just here to troll.

People gonna be coming back. I have not made a trade for two years because I got caught on the wrong side of the fall from $600 and my trading strategy requires me to hold.  Now I am only a few dollars from being back in the game.  Ironically my last previous post was 5 June 2014.  

dude... when you trade ... you don't take in to account how much is FIAT ... f#%$# FIAT .. you keep in mind what percentage of bitcoin you gain! ... so if you manage to trade and increase your total bitcoin collection by 3-20% each month that's very good for you! .. For now there where multiple occasions to profit!

Look:

Chart 1



Chart 2




You just have to try and aticipate them! What time they trade... where would they possibly be living in what country? ... when do they sleep? ... the volume they trade ... etc ... they are human! Predictable!

[Fatman3001]

btc dump incoming btw....

Ok, so now you've provided something solid. Let's see if it pans out.

Edit: Aaaand he deleted his post. Will be interesting to see if he said too much or if he didn't want his crap called out.

I guess the conclusion is clear: Mrpumperitis is full of it.

[kehtolo]

The mother of all trades is coming up..the top then drop--- catch a falling knife - rebound- sell, repeat then HODL...

wait for the second bubble.. repeat...

Boats.

[TERA]

My most successful trading strategy doesn't involve any kind of TA or any prediction at all. It's all about waiting for an impulse and then reacting to corresponding intraday correction patterns. I don't really even need a chart.

Back in the day it also helped to take advantage of the lag inbetween mtgox and other exchanges.

[Assmaster2000]

583! This is the big one!



586!!

[Denker]

Wow OkCoin is pushing at the moment!
Another attempt to atteck the $600/4000CNY?
And will we see another drop afterwards like yesterday?

[Assmaster2000]

$9 or even $10 billion marketcap is nearlly pennies in today's world.

It's a very tiny marketcap really.

True. If ETH continues performing as well as it did in the first half of 2016, it will surpass it by 2017. By a wide margin

[DaRude]

  Well that was interesting. West doesn't want to move up without a fight

[Tzupy]

Breakout denied!

[DaRude]

Breakout denied!

Only the first attempt

[Assmaster2000]

583! This is the big one!



586!!

573  570

[DaRude]

LOL at OKCoin chart the dump from 3829 to 3780 was only on BTC364 volume/min and then they ramp up the volume. They need to adjust their fudged volume algorithm

[yefi]

His first altcoin could have bought us all fancy houses.

It's been a profitable alt, but so have quite a few others. And just remember that you can also lose a fancy house on the way down after a 17-fold pump. Factom's chart in particular should be an antidote to those who are "fall-blind" (as perhaps is daddy Bitcoin's ).

Until it shows conviction of continuing an uptrend (breaking 0.0276 would be a start) it's not a buy.

[savetherainforest]

The halving hype has not yet been understood ... Miners need coins to be at least 800-900 for it to be sustainable! So that is the real price you should expect future stability.. selling on less than that even for daily trades, may cause you risks and losses!

[Assmaster2000]

The halving hype has not yet been understood ... Miners need coins to be at least 800-900 for it to be sustainable!

How is it you still don't understand beetcoin?

[becoin]

Well that was interesting. West doesn't want to move up without a fight

Not really a surprise. West is on the wrong side of history on many occasions.

[savetherainforest]

The halving hype has not yet been understood ... Miners need coins to be at least 800-900 for it to be sustainable!

How is it you still don't understand beetcoin?

I'm talking about being sustainable for them! ... Meaning they will have to pump the system to keep their price for them to make ends meet! 
But don't worry if big miners crash... the little guys will swoop in and mine for less yield.

[Assmaster2000]

The halving hype has not yet been understood ... Miners need coins to be at least 800-900 for it to be sustainable!

How is it you still don't understand beetcoin?

I'm talking about being sustainable for them! ... Meaning they will have to pump the system to keep their price for them to make ends meet!  
But don't worry if big miners crash... the little guys will swoop in and mine for less yield.

If big miners can't make money with nearly free electricity and economies of scale, little guys can't make any money by buying retail gear and paying consumer electric rates.
You'renotusingyourbrain.gif

Re. the rest of your thinkings, lemmy school you a little bit, ahm gonna give you a hand ... lemmy give you a helping hand...

1. Imagine yourself as a shrewd businessman.
2. You bought yourself a giant hula hoop factory.
3. To stay profitable, you need to sell a billion hula hoops a day, @ $5 per.
4. Turns out the Hula Hoop was a 50s fad, and the year is 2016. No one wants your shitty hulas.
5. You tell yourself that everything will be fine, people will start wanting to buy 1 billion of your hulas per day, because that's what you need to keep your operation profitable.

Is this how you imagine life works?
>they'll pump
You mean they'll buy the coins they mine? What do you mean by "pump"?

[savetherainforest]

free electricity

Well that's only in China ... but the west is not free electricity ... and the west will crave demand if the coin tap stops.

[Assmaster2000]

free electricity

Well that's only in China ... but the west is not free electricity ... and the west will crave demand if the coin tap stops.

>west will crave demand if the coin tap stops


Beetcoins are fungible, the ones mined in China are no different from the ones mined in the west, you can't "buy domestic," if that's what you're thinking. And industrial power rates are a thing in the west too, aluminum smelters aren't paying residential rates, more like 4 or 5 cents per.

BTW, wonder why exchanges don't do this more often.

They know exactly what it takes to burn the longs/shorts.