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

[HI-TEC99]

We will update with a new TA on the other post soon..

TA is BS.

TA works if you know some basics. Is not BS  

TA is nice to know, knowing some basic patterns and such helps a lot, when devising a trading strategy / understanding the market.

i mean if you have no idea how to paint support / resistance lines, and you trade purely on how you FEEL price will move your gonna have a bad time....

unless you simply buy and hold for the long term, but thats not trading thats investing.... and thats easy,

Investing 101:
buy and hodl.

Isn't there a trading expression called painting the charts, which means a whale manipulates the market to make the charts look like a well known pattern is emerging? After all the TA guys trade based on that pattern the manipulative whale screws them all. TA is BS if someone paints the charts.

[InitcoiN]

We will update with a new TA on the other post soon..

TA is BS.

TA works if you know some basics. Is not BS  

TA is nice to know, knowing some basic patterns and such helps a lot, when devising a trading strategy / understanding the market.

i mean if you have no idea how to paint support / resistance lines, and you trade purely on how you FEEL price will move your gonna have a bad time....

unless you simply buy and hold for the long term, but thats not trading thats investing.... and thats easy,

Investing 101:
buy and hodl.
http://orig00.deviantart.net/d4e7/f/2012/247/6/b/and_it_s_gone_by_celeith-d5div3y.jpg

Totaly agree 

[adamstgBit]

We will update with a new TA on the other post soon..

TA is BS.

TA works if you know some basics. Is not BS  

TA is nice to know, knowing some basic patterns and such helps a lot, when devising a trading strategy / understanding the market.

i mean if you have no idea how to paint support / resistance lines, and you trade purely on how you FEEL price will move your gonna have a bad time....

unless you simply buy and hold for the long term, but thats not trading thats investing.... and thats easy,

Investing 101:
buy and hodl.

Isn't there a trading expression called painting the charts, which means a whale manipulates the market to make the charts look like a well known pattern is emerging? After all the TA guys trade based on that pattern the manipulative whale screws them all. TA is BS if someone paints the charts.

ahhh
but we know they know we know.
 

[adamstgBit]

also painting the buy or die mitl month triangle, must of cost an extraordinary amount of money to paint and then break out to the up side....

no one person actually paints candless... WE ALL take part in painting the candles....

after all the news and hype / the real certitude  i (and many others) have that "digital money" is the future, you think there 1 guy buying and selling all the coins all day long painting candles??

wtf do you think this is??? the US stock market + QE1 2 3 4?

[podyx]

Someone care to speculate what price would reach BTC if a random guy (or agency) decides to buy 1 million?

$800-$900 I would assume

1 million BTC sounds a lot but it's really only $575 million

[Karartma1]

We don't need no random guy. If the 15% of the average smartphone users would start buying and using BTC our beloved coin would go out of the Solar System.

Some stats:
Copay for Android has something like 10.000 downloads
Blockchain.info has something like 100.000 downloads
Coinbase around 500.000 downloads
I expect similar data for IPhone users (can't say, I don't have an Iphone)

Push these numbers to at least 150 M and then you need no random guy to push the price high.

(While searching for those numbers I stumbled upon the >100.000.000 Pokemon Go downloads  )

[petahashminer]

what is wrong with btc-e? cannot login, also api does not work.

ddos attack again?

can anyone login?

[Karartma1]

what is wrong with btc-e? cannot login, also api does not work.

ddos attack again?

can anyone login?

It's not just you, it's down.
It says "DB connect Error" on the home page after the DDOS check.
From the 3minutes trading chart on bitcoinwisdom trading seems down.

Time for a new bitfinex???

[petahashminer]

what is wrong with btc-e? cannot login, also api does not work.

ddos attack again?

can anyone login?

It's not just you, it's down.
It says "DB connect Error" on the home page after the DDOS check.
From the 3minutes trading chart on bitcoinwisdom trading seems down.

Time for a new bitfinex???

Bitfinex? no i do not want to see that nightmare again.

btw , it is ok now, nothing to worry,

trade resumed a few minutes ago.

[soullyG]

what is wrong with btc-e? cannot login, also api does not work.

ddos attack again?

can anyone login?

It's not just you, it's down.
It says "DB connect Error" on the home page after the DDOS check.
From the 3minutes trading chart on bitcoinwisdom trading seems down.

Time for a new bitfinex???

I felt a great disturbance in the market, as if millions of shitcoins suddenly cried out in terror and were suddenly silenced

[Searing]

what is wrong with btc-e? cannot login, also api does not work.

ddos attack again?

can anyone login?

It's not just you, it's down.
It says "DB connect Error" on the home page after the DDOS check.
From the 3minutes trading chart on bitcoinwisdom trading seems down.

Time for a new bitfinex???

I felt a great disturbance in the market, as if millions of shitcoins suddenly cried out in terror and were suddenly silenced

HEY! I 'resemble' er I mean I mine LTC to BTC in such a manner. You scared my little self you did

[conspirosphere.tk]

wtf do you think this is??? the US stock market + QE1 2 3 4?

sounds like an idea for a Plunge Protection Team.

[seleme]

I see nothing has changed in Bitcoin in last few months, Wednesday is still dump day.

[greatr]

market will probably just end up being STUCK at 670 for a like a month.

You mean 666

  ... that number has great potential to dry out in to extinction those satanist dumpers! 

yeah the price is going to come back once again and we will be stuck on 666, sometimes it is a bit frustrating though it is better than be down to lower prices than 600

[savetherainforest]

wtf do you think this is??? the US stock market + QE1 2 3 4?

sounds like an idea for a Plunge Protection Team.

Hmmm... There still must be some value in that paper worthless thing called dollar... I heard it still had like 0.02$ value per each sheer of 1$ paper. Meaning they can probably resist maybe 1 more QE before throwing everything made of paper to garbage..    (I don't worry about my money... my fiat is made from plastic... meaning it has more value.. aka.. recycling...  rofl..   )

[Elwar]

You get me wrong, if you believe that I am suggesting that folks should not aspire to using bitcoin.

My criticism of your earlier post is the characterization that seemed to come through as "all people have to do is... blah blah blah"

There is a difference between aspiring and promoting something and acting as if it is easy for everyone to accomplish.

I stand by my earlier comment in the assertion that it is no easy task for folks to attempt to incorporate bitcoin into all or most parts of their lives.... Sure it is great for the infrastructure that people like you are willing to go through the extra efforts to push such ideologies, but don't assume that it is any kind of easy barrier for anyone that is less than evangelistic about bitcoin, such as you and some of the other bulls (sure I am a kind of bull myself, but I am not going to assume that using bitcoin is easy for folks). 

Surely, we need to get a lot more  bitcoin infrastructure in place before we begin to argue "all you have to do is... blah blah blah, bitcoin."   

I agree, it is definitely not easy. It takes some thought to figure out how to pay for things when all you have is bitcoins.

It is like a lot of new things, like the tiny house movement. You have the first few that show it can be done. Then things start to get easier over time. And it does get easier.

[BathSaltsDealer]

It is like a lot of new things, like the tiny house movement.

Or getting around in a monowheel...

[kobilica]

Buy pressure is still bigger than sell, it's just people expecting to buy coins at lower price 

[2c0de]

waiting for the drop to scoop up some cheap coinz

[savetherainforest]

waiting for the drop to scoop up some cheap coinz

They will be waking up to that notion one day... and they won't sell low anymore.