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

[JayJuanGee]

Silly, futile dump is over.

Back to the moon.

I am thinking that dumping is not over, yet.. but what do I know?

We do kind of have a double bottom but very close together with the dip to $1,141 - but that does not seem to be enough. 

There's gotta be at least one more attempt at a further dump, no?

Currently, I am thinking that the absolute bottom would be in the lower $1,000s, but of course,  it could spike into the triple digits..

 I don't take those kinds of chances, and I continue to buy as the price goes down... I don't make as much money, but I almost always have a few small buys in at the very bottom.  In any event, I expect that the more likely bottom for this particular run would be in the upper $1,000s - yet again, what do I know?  I'm just guestimating.

[Torque]

For those looking for FUD that is magically perfectly timed with dumps, here ya go:

http://www.cnbc.com/2017/04/13/company-behind-bitcoin-creator-sold-to-private-investors.html

LOL

[JayJuanGee]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be.  Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position.

You can be confident all that you like, and you can end up being correct in your prediction, but based on your explanation above, it still sounds to me that you are engaging in reckless and unnecessary gambling. 

Have you bought back yet, some or all?  If not, what is your price point(s) to buy back?

 Why take chances and play around with 100% of your holdings when there are a lot of safer and less reckless approaches?

[york780]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be.  Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position.

Yes I also called them madmen but they burned me because they are stressed like hell lol. Anyway enjoy while they are still on this forum because they are left behind for good. Because muh YORK was wrong and $800 will come because we would all dump our coins to buy PEPECASH.
Anyway they can join the kwuckduck army.

[bitserve]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be.  Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position.

You can be confident all that you like, and you can end up being correct in your prediction, but based on your explanation above, it still sounds to me that you are engaging in reckless and unnecessary gambling. 

Have you bought back yet, some or all?  If not, what is your price point(s) to buy back?

 Why take chances and play around with 100% of your holdings when there are a lot of safer and less reckless approaches?

Are you aware that you are trying to rationalise against something that you are ALMOST doing? (there's not much difference between 90% and 100%).

I don't know if the price will go up or down.... just making a point about something I find a bit incoherent.

[JimboToronto]

For those looking for FUD that is magically perfectly timed with dumps, here ya go:

http://www.cnbc.com/2017/04/13/company-behind-bitcoin-creator-sold-to-private-investors.html

LOL

 

[JayJuanGee]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be.  Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position.

You can be confident all that you like, and you can end up being correct in your prediction, but based on your explanation above, it still sounds to me that you are engaging in reckless and unnecessary gambling. 

Have you bought back yet, some or all?  If not, what is your price point(s) to buy back?

 Why take chances and play around with 100% of your holdings when there are a lot of safer and less reckless approaches?

Are you aware that you are trying to rationalise against something that you are ALMOST doing? (there's not much difference between 90% and 100%).

I don't know if the price will go up or down.... just making a point about something I find a bit incoherent.

Yes, we already went over this several times in our earlier discussion of the topic. 

I thought that the punchline was that we disagree.

 I already stated my reasons for disagreeing with you, and you already provided your reasons for disagreeing with me... but apparently, you want to continue to discuss the matter.

You already know from where I am coming from.  Whether you agree or not or understand, I already told you that I do not care because I am going to continue to make my various assertions regarding the benefits of incrementalism and the folly of balls to the walls strategies. 

Further more, you describe my system as 90 to 95% (as compared with 100%) - and that is a bit of bullshit, because we are not talking about me being 90-95% fiat, we are talking about bitcoin, and sliverfuture is going 0% bitcoin because he wants to gamble.  There's a pretty big fucking difference between 95% and 0%, no?  And, you are saying that it doesn't matter which one we are talking about .. blah blah blah.. It does matter, and likely plays out considerably different in practice too (not just theory).

[tk3609]

Looks like after that pesky bull trap we can finally go up

[JayJuanGee]

Looks like after that pesky bull trap we can finally go up

Your words are describing a "bear trap" not a "bull trap"

A "bull trap" is when there is a fake out to the upside that causes bulls to buy, and then the price crashes.

A "bear trap" is when there is a fake out to the downside that causes bears to sell, and then the price goes up.

[bitserve]

Are you aware that you are trying to rationalise against something that you are ALMOST doing? (there's not much difference between 90% and 100%).

I don't know if the price will go up or down.... just making a point about something I find a bit incoherent.

Yes, we already went over this several times in our earlier discussion of the topic. 

I thought that the punchline was that we disagree.

 I already stated my reasons for disagreeing with you, and you already provided your reasons for disagreeing with me... but apparently, you want to continue to discuss the matter.

You already know from where I am coming from.  Whether you agree or not or understand, I already told you that I do not care because I am going to continue to make my various assertions regarding the benefits of incrementalism and the folly of balls to the walls strategies. 

Further more, you describe my system as 90 to 95% (as compared with 100%) - and that is a bit of bullshit, because we are not talking about me being 90-95% fiat, we are talking about bitcoin, and sliverfuture is going 0% bitcoin because he wants to gamble.  There's a pretty big fucking difference between 95% and 0%, no?  And, you are saying that it doesn't matter which one we are talking about .. blah blah blah.. It does matter, and likely plays out considerably different in practice too (not just theory).

I thought that when I copy pasted the exact reply that started our previous discussion you would get the joke

Anyway, why don't you just recognize that you are gambling as we all are? System, no system.... it's all bets on one or other direction... and anything in the middle is just hedging on our main bet.

That said, its not like casino gambling... We are all here because we know the worst case is that our "investment" can go to cero but, in the best case, it has a big probability to be multiplied several times.

[sirazimuth]

I will give a million dollars to anyone who can get the price of one bitcoin up to one million dollars for at least a day.*

Make it so.


This offer expires in one year. Must be on an exchange that I can cash out at least 100 bitcoins for a million dollars each.

Your proposition is ridiculous, goofy and pie in the sky fantasy..
SNIP bla bla bla (doesn't get joke)....

Anyhow, this may be a speculation thread - but with your preposterous post, you seem to want to turn the thread into absurdia fantasyland.

I agree. Its makes me sick to see those fantasy moon speculations because we moved up from a crash.Its really hard to believe that those people who are saying 500k are so naive. Btc will never reach that. You cant compare it to gold and here is why:

SNIP bla bla bla bla bla (still doesn't get joke)....

If btc really reaches 500k its likely that the normal folks wont hold it anymore and that almost all the bitcoins are owned by rich jews, oil barrons from Soudi Arabia and wallstreet + China and Russians. We would lose the power completely. (face palm)

um.... its called a joke

And, mine could be called a joke, too.  Am I not right?      

oh sure! i can snip and bla bla bla your post too if you'd like!

Maybe I am retarded?  or maybe I am not keeping up with the latest fashions.... ?


Is snipping and bla bla bla -ing supposed to be funny these days?

I'm going to try it sometime when no one expects it, and then to find out whether anyone lols me... and maybe I could become more popular around here, too?   

nahh no worries dude...yu ain't retarded about latest fashions.
that snip bla bla thing i just pulled outta my arse cuz thats where my brain resides.
oh wow! did i start a new internet thingy?
damn, i gotta get me a twatter account and go virile!!

but not to be ot....oh bitcoin gone down... oh noooohs!!.. sell the farm!

[deepcolderwallet]

Time to fulfill Afrikoin's prophecy.
I'm already sold out and waiting for $750.

Not 100% on 750 but I'm in fiat unless it pops up convincingly through those walls. It's been a bit of a slow grind down so we'll see where it bottoms out. I hope Africoin is correct.

JJG thought I was a reckless gambler when stating I had gone all fiat @ 1200 USD. I see no reason to play bits of this and that and percentages. I go with momentum and and have no problem reassessing my position and changing if need be.  Not panicking and buying back when it went higher than 1220 took some restraint but I was confident in the position.

Yes I also called them madmen but they burned me because they are stressed like hell lol. Anyway enjoy while they are still on this forum because they are left behind for good. Because muh YORK was wrong and $800 will come because we would all dump our coins to buy PEPECASH.
Anyway they can join the kwuckduck army.

Who's stressed, york?
You can't stand an affirmation 2 days and then you're contradicting yourself. This must be stressing, you're not the same person a week in a row. Go look for a psychiatrist, I've already told ya.

[lolikop]

its time for btc to stay stable no more pumps or dumps

[bitserve]

I see dead walls.

[gentlemand]

its time for btc to stay stable no more pumps or dumps

You're about two years too late. If you hadn't noticed it's back to shedding or gaining $50-100 whenever it feels like it.

[JayJuanGee]

Are you aware that you are trying to rationalise against something that you are ALMOST doing? (there's not much difference between 90% and 100%).

I don't know if the price will go up or down.... just making a point about something I find a bit incoherent.

Yes, we already went over this several times in our earlier discussion of the topic. 

I thought that the punchline was that we disagree.

 I already stated my reasons for disagreeing with you, and you already provided your reasons for disagreeing with me... but apparently, you want to continue to discuss the matter.

You already know from where I am coming from.  Whether you agree or not or understand, I already told you that I do not care because I am going to continue to make my various assertions regarding the benefits of incrementalism and the folly of balls to the walls strategies. 

Further more, you describe my system as 90 to 95% (as compared with 100%) - and that is a bit of bullshit, because we are not talking about me being 90-95% fiat, we are talking about bitcoin, and sliverfuture is going 0% bitcoin because he wants to gamble.  There's a pretty big fucking difference between 95% and 0%, no?  And, you are saying that it doesn't matter which one we are talking about .. blah blah blah.. It does matter, and likely plays out considerably different in practice too (not just theory).

I thought that when I copy pasted the exact reply that started our previous discussion you would get the joke

I had not noticed the copy and paste, and so you are correct, that does make your response more funny.

However, I think that the substance of our disagreement is a bit too serious to treat as a joking matter.

Sure we can  joke about the foolishness of bears and we can joke about the foolishness of a variety of topics in this thread including the extent to which we may be conclude that one outcome is more likely than another outcome and even betting wrongly on outcomes.

In the end, even though we may agree on several points, we still see this hedging matter somewhat differently, and it is not just a semantics difference - its a whole mindset difference.

I mean, didn't you even read my point about the difference between 0% and 92%.. that is a whole hell-of-a-lot bigger of a difference than you are inaccurately making it out to be (you say a difference between 90% and 100% - but the difference is much greater than that - even 0% and 85% is a BIG FUCKING difference.

Anyway, why don't you just recognize that you are gambling as we all are? System, no system.... it's all bets on one or other direction... and anything in the middle is just hedging on our main bet.

That said, its not like casino gambling... We are all here because we know the worst case is that our "investment" can go to cero but, in the best case, it has a big probability to be multiplied several times.

More or less we agree about the upside possibilities of bitcoin being great, and if you do not engage in margin trading, then you can only lose as much as you buy... but if you engage in margin trading or leveraging, then that seems to be another story.

[STT]

The bitcoin price on OKcoin is sticking right to the previous price ranges with recovering 62% of previous high price as a top for now as 7370 CNY.   Falling back only some, its been well above 6900 this month which would be a marker for some weakness.

USD is more volatile, I feel the relationship from China to USA on bitcoin is unequal with greater effect on the dollar side seen.   Marking the range from ETF reject to the final low that followed March 25th matches many lows and highs such as the January high which recently also marked the low for 13th.   With little happening in China price range, the butterfly effect saw more dollar side worry.  Relatively both sides are quite bullish.
The high for the 12th was predictable and foreseen by a few no doubt, the reaction afterwards is more significant in measure of strength for bitcoin heading into the summer and future protocol news.

[Ted E. Bare]

Finex already back at 1200.

[podyx]

Recovery is looking good.

[arara]

what is the point of the micro dumps that last 1 or 2 days and have no long term effect