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

[BlindMayorBitcorn]

I told y'all that bit coin will be 720-750 and now the current price of bit coin is 740

Europe is cool but watch China prices.

China?

[BlackSpidy]

2016 in one GIF:

[spooderman]

china has broken the 6 month high. only thing remaining is the ATH now.

[yefi]

This article http://www.zerohedge.com/news/2016-11-16/stunning-scenes-panic-gold-price-skyrockets-india-after-currency-ban once again reminds me why bitcoin equals freedom.

If even 1/10th of that article is true (its zerohedge, so...), it is still horrifying.
India goes down the shitter in light speed, and they can not even buy bitcoins with those useless banknotes.

Lesson learned: keep wealth in government resistant assets.

1. In surprise move, order citizens to convert 80-90% of all cash in circulation at banks.
2. Don't bother to stock banks with sufficient cash, so they run out.
3. *Facepalm*

[BlindMayorBitcorn]

This article http://www.zerohedge.com/news/2016-11-16/stunning-scenes-panic-gold-price-skyrockets-india-after-currency-ban once again reminds me why bitcoin equals freedom.

If even 1/10th of that article is true (its zerohedge, so...), it is still horrifying.
India goes down the shitter in light speed, and they can not even buy bitcoins with those useless banknotes.

Lesson learned: keep wealth in government resistant assets.

1. In surprise move, order citizens to convert 80-90% of all cash in circulation at banks.
2. Don't bother to stock banks with sufficient cash, so they run out.
3. *Facepalm*

Forcing a billion people to fumble about with the equivalent of one dollar bills. Nutty.

[Karartma1]

china has broken the 6 month high. only thing remaining is the ATH now.

Looking at their volume it seems they did not care much about this pump  They were able to make much more fuss (and damages) at lower prices.
What do they have in mind?

[Temp_JayJuanGee]

No boys btc is not ready  to reach 1k wait a little longer and open shortz now

while i dont share that opinion, i appreciate that independent mindset. thats what trading looks like, make up your own mind an trade accordingly. not following what 99% of all others are doing.

hahahahahaha

Yeah, innovate, don't follow the herd.


When everyone else is buying, sell.

That should turn out well.   

Well, yeah. That's how it works. The key is interpreting the market right.

It's easy to sell too soon. It's best to hold long after you think you are going full retard by doing so. The peak of the pump is usually after most have dumped, regretted it, and bought back in. Nine out of ten people badly interpret the market because they think like the herd.

As you may recognize, my first response was an attempt at being facetious - and in that regard, I was exaggerating a kind of nonsensical approach. 

Sure, there is some need to not follow the crowd, but in a market, to some extent we are trying to follow the crowd, and maybe even to get ahead of the crowd a bit.

But, in the end, none of us can really know for sure when a price direction is going to reverse unless we happen to be a market maker, and that is largely not the case with regular people.

Therefore, I have mostly been a fan of a kind of attempt at incrementalism rather than attempts to time the market or to try to get ahead of the market.  You don't make a killing by practicing incrementalism, but you do protect your investment and attempt to act on your overall theory in increments (rather than going balls to the wall attempting to predict, which is frequently even cause the best of predictors to be wrong).

[jbreher]

...none of us can really know for sure when a price direction is going to reverse unless we happen to be a market maker, and that is largely not the case

Nyeeaaahh.. Whatever, doc

[Temp_JayJuanGee]

...none of us can really know for sure when a price direction is going to reverse unless we happen to be a market maker, and that is largely not the case

Nyeeaaahh.. Whatever, doc

http://giphy.com/gifs/gun-looney-tunes-bugs-bunny-FA5oBWyTPvAaI

What is your major contention here?

Are you, again, arguing for the mere sake of arguing (especially, you seem to have a kind of boner to argue with me... hahahahaha)?

Do you think that we have some abilities to predict BTC price direction and reversals in BTC price directions?

I personally think that each of us puts a set of probabilities on what we believe is going to happen, and then we attempt to invest accordingly.  Sure some folks are more in touch with attempting to synchronize their investment levels with their beliefs and other folks engage in behavior that is not very well in synch with even their own beliefs, but instead engage in kinds of gambling.  Sure some folks enjoy gambling more than others too, and some of the risk-loving folks feel that they get a bit of pleasure from the mere practice of gambling and trying to see if they can beat the odds...

Gambling is personally not my approach to the matter, even though from time to time I do get a few gambling and/or emotional whims that cause me to deviate from aspects of the logical system that I have created for myself.

Does your assessment vary from mine regarding the abilities of folks to predict and/or synchronize their predictions with trade practices and preferences?

[redsn0w]

~20 hours to the next retarget, are you ready ?

[Gyrsur]

~20 hours to the next retarget, are you ready ?

[Searing]

Well my little Firefox App shows BTC at an even $750 usd...so I'm sitting here waiting for the next bit of FUD to hit the news on the 'evil of BTC' or how 'Trump is gonna ban BTC'
or that China is going to regulate BTC ...really we are not making this up this time around

Ah crap by simply mentioning the FUD of the above I now likely will be the 'source' of the next downturn as the FUD nexus...damn it...sorry about that guys..jinxed it

But really some FUD will now arise to knock the price down ..its how the whole thing works ..don't ya know....

[Elwar]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

[unknown04]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

too soon for the FUD bro

[becoin]

Well my little Firefox App shows BTC at an even $750 usd...so I'm sitting here waiting for the next bit of FUD to hit the news on the 'evil of BTC' or how 'Trump is gonna ban BTC'

Rather another bitcoin exchange will report been hacked and bitcoins stolen.

[unknown04]

Well my little Firefox App shows BTC at an even $750 usd...so I'm sitting here waiting for the next bit of FUD to hit the news on the 'evil of BTC' or how 'Trump is gonna ban BTC'

Rather another bitcoin exchange will report been hacked and bitcoins stolen.

I guess most major exchanges has upgraded their security from the previous hack case.

[redsn0w]

~20 hours to the next retarget, are you ready ?

This soft-fork will be epic, blockstream (lot of core devs) versus the Chinese community  .

[Slark]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

Trump is not gonna ban BTC. On the contrary, I think BTC will bloom under his presidency. Stop panicking.
Read this news instead - Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team:

https://www.cryptocoinsnews.com/donald-j-trump-bitcoin-peter-thiel/

[LFC_Bitcoin]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

Trump is not gonna ban BTC. On the contrary, I think BTC will bloom under his presidency. Stop panicking.
Read this news instead - Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team:

https://www.cryptocoinsnews.com/donald-j-trump-bitcoin-peter-thiel/

Interesting, I pray that something uber positive regarding bitcoinhappens under his Presidenct. This can't be a bad thing for sure.

[Elwar]

I just heard from a reputable source that Trump is gonna ban BTC.

And China is also going to regulate BTC.

 

Trump is not gonna ban BTC. On the contrary, I think BTC will bloom under his presidency. Stop panicking.
Read this news instead - Donald J. Trump Appoints Bitcoin Investor Peter Thiel to Presidential Transition Team:

https://www.cryptocoinsnews.com/donald-j-trump-bitcoin-peter-thiel/

I was referencing the post just before mine.

Well my little Firefox App shows BTC at an even $750 usd...so I'm sitting here waiting for the next bit of FUD to hit the news on the 'evil of BTC' or how 'Trump is gonna ban BTC'
or that China is going to regulate BTC ...really we are not making this up this time around

Ah crap by simply mentioning the FUD of the above I now likely will be the 'source' of the next downturn as the FUD nexus...damn it...sorry about that guys..jinxed it

But really some FUD will now arise to knock the price down ..its how the whole thing works ..don't ya know....