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

[ChartBuddy]

[SheHadMANHands]

Well, that was fun...

[ChartBuddy]

[windjc]

i thought it was a worthless coin and wanted to maybe double my btc. i got right after the start when the hype went away and everyone forgot. just got so much cuz i was making profit day trading.


was starting to do that with xpm then got too busy. more or less no ppc now but i still hold most of my xpm (and its only like 3,000 xpm)

What year did you buy the ppcoin? I'm trying to figure out why someone as wealthy in btc and ltc as you would spend their time trading ultra cheap alt coins.

[traderCJ]

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

The only thing he got right is that we had a correction and this forum was hacked (this has happened several times).  Those who hacked the forum are rolling deep enough to drop BTC markets 25% or so.  Regarding the forum, people tend to assume the worst when all the price discovery information you have is a ticker tape bleeding red.  Community shores up the prices.  Consensus.  On Sunday, the community was muted.  Weak hands were slaughtered.  They will probably come sulking back after a few months.  Smart traders have fiat on exchanges waiting to snatch up cheap coins.  Each correction flushes out the weak and strengthens already strong hands.  I think most people here can agree that the biggest mistake they made in BTC was selling.  Will this hold true tomorrow?  No one knows.  Throw money you can part with at this grand experiment and buckle up.

[DaRude]

i thought it was a worthless coin and wanted to maybe double my btc. i got right after the start when the hype went away and everyone forgot. just got so much cuz i was making profit day trading.


was starting to do that with xpm then got too busy. more or less no ppc now but i still hold most of my xpm (and its only like 3,000 xpm)

What year did you buy the ppcoin? I'm trying to figure out why someone as wealthy in btc and ltc as you would spend their time trading ultra cheap alt coins.

Silly question. No idea if goat is wealthy at all, but i'm assuming diversification, and if he did get wealthy jumping on a coin in the initial stages (BTC LTC) the question would be why NOT do it on other alt coins?

[aminorex]

A real crash will have the following characteristic:
...

The only thing he got right ...

Since he wasn't making a prediction, but describing a hypothetical series of events which he regards as paradigmatic of a syndrome, he got everything exactly right, as far as you or I can tell.  After all, the only evidence we have of his intent is our perception of his action.

[superpatosainz]

the fuck's up with quarkcoin

[Xer0]

BUT

A real crash will have the following characteristic:
- price will have risen really high, really quickly over several weeks
- 100,000s of bitcoins are brought to the market by large manipulators that are sure of their ability to tip it over
- Some bitcoins will be sold to induce the forced closure of leveraged positions, resulting in a flashcrash
- Price will quickly bounce back to almost where it was
- The following day/night lots of bitcoins will be sold to destroy the market sentiment and start a panic
- Exchanges, information services, this forum, etc. will be ddosed, mass media publicity will be enormous and negative
- Price will plummet so that about 3 weeks' gains will be erased (about 75% from the high), although it will remain above the previous ATH (in this case $266) by a clear margin.

I won't go into details why it happens this way, but a big reason is that exchanges utterly lack liquidity and btc/usd-rate is therefore at a mercy of manipulators.

but how these will benefit from a so deeply crashed market which then needs many months finding hope to rise again?

[aminorex]

Months?  Methinks you underestimate the compelling nature of the bitcoin case at present.  No mere price fluctuation will sway the value investor who recognizes an undervalued asset.  The longer it stays low before it rises to its fundamental long-term value, the more I can accumulate.  Crashing bitcoin to dust levels for a year might even allow me to accumulate to my long-term target:  Half of the bitcoin.

[jojo69]

the fuck's up with quarkcoin

been wondering this, the quark enthusiasts are very into it in a genuine, non scammy seeming way, but I have been to lazy to figure out what is going on with it

I get the feeling that something might be, and I'm not into alts at all

[worldlybedouin]

the fuck's up with quarkcoin

been wondering this, the quark enthusiasts are very into it in a genuine, non scammy seeming way, but I have been to lazy to figure out what is going on with it

I get the feeling that something might be, and I'm not into alts at all

I recall seeing on Reddit or somewhere that some guy mentioned it and and the "pumpers" used it as an opportunity to pump-n-dump it.

I think the 6 levels of crypto algorithm in it sounds interesting, but I'm not sure where it's going in the mid-to-long term.

[Spaceman_Spiff]

The pumping is strong these days.  When the next bubble starts, I 'll just buy every alt in town  , heck, I'll even create a few of my own  .  
Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?

[ChartBuddy]

[Voodah]

The pumping is strong these days.  When the next bubble starts, I 'll just buy every alt in town  , heck, I'll even create a few of my own  .  
Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?

Yup, this last week had insane pumping.

HypeCoin. Let's just call it HYPE.

[justusranvier]

Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?

Fork Bitcoin as "ChristCoin" and get a couple of those megachurch preachers to help you pump it in exchange for a share of the premine.

[Xer0]

Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?

ScamCoin (SMC), PonziCoin (PZC), BullTrapCoin (BUC)?

[CMMPro]

Brainstorming for names here: Pumpcoin (PMPC), CloneCoin (CC), SuckerCoin (SKRC) ... any other ideas?

Fork Bitcoin as "ChristCoin" and get a couple of those megachurch preachers to help you pump it in exchange for a share of the premine.

That's the most clever thing I've read on here in a week.

Next up JesusCoin.

[aminorex]

Pumpcoin (PMPC)

Do it right before halloween and I think you have a winner.   PumpCoin and CandyCoin.

[Spaceman_Spiff]

Loving the feedback, . Keep 'em coming, we are going to be rich   .