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

[Nemo1024]

Crossing "Choo Choo" with a bear, and a general girl-obsessed theme of this thread, you get this:



Hint: "Chewbacca"

[spooderman]

Well that was fun catching up on the last 20 pages or so. RP got his dick out, adam trolled a bit and about 2 graphs in total. To my European friends, I wouldn't bother reading.

Btw, Voodah, it was me that posted the Enron doc, and cynical as I am, I was shocked(!) at what those guys got up to. Who needs conspiracy theories when you have facts like that?

Nice, thanks a lot for that. I gotta say, it actually got me kind of scared. There were just too many moments where I could completely relate to the BTC world and also lots of specific frases which I read here often such as: "it will weed out weak hands".

Mass delusion is a pretty dangerous thing. We gotta be careful over here.

yes I constantly felt that throughout the film. The arrogance is the same, but we are humans too. It's inevitable.

It's important to point out that Enron did absolutely nothing, it was noise over nothing. Bitcoin has an emancipatory potential for everyone. The greed is awful, but at least we may be improving the status quo somewhat.

edit: I particularly feel that the way Enron enjoyed California's blackouts is similar to how we enjoy things like Cyprus 'haircuts.' Feels bad.

[TERA]

I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.

Sell the news.

[tutkarz]

I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.

Sell the news.

and buy what?

[Le Happy Merchant]

I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.

Sell the news.

and buy what?

Rumors.

[tutkarz]

I don't understand how some people are expecting the price to drop when we have more and more news such as this http://bitcoinowl.com/cointap-brings-bitcoin-walmarts-and-7-elevens and there will be more to come in the next year.

Sell the news.

and buy what?

Rumors.

this is funny how you are trying hard to apply stock rules to bitcoin. When people will start using similar services there will be no bitcoins left.

[Nemo1024]

Most of it is just attempt to prove me wrong by expending words, which is very silly, because words have power only when they are true.

I think I have said all. Under no circumstances will I write anything in this thread before it goes to $500. I have a castle to attend to meanwhile  

Edited the comment above to only include what I am replying to.

In my experience words have power when the coincide with what people want to hear. If they are true at the same time, is an added bonus. Skilled orators try to turn words in such a way so that they feel to the audience as if the orator is saying almost, but not entirely what the audience already wants to hear, so the audience accepts those words, and with time can even be turned completely.

It'll be sad not to hear from you for a long time. We may visit 500, but given the amount of resistance during the recent pop around 550, I doubt it. I am short-term bearish, but I wouldn't bet on reaching 600, maybe 650...

[spooderman]

85k bids until 40m!

edit: there we go, wow, bid depth ever been this high before? ATH no?

[capsqrl]

Probably ATH bid sum, but probably ATH ask sum as well.

[spooderman]

Probably ATH bid sum, but probably ATH ask sum as well.

haha no. Check blockchained. Ask is close to all time low. It's been up in the 100ks before.

edit: 300k asks if I'm not mistaken.

[capsqrl]

Probably ATH bid sum, but probably ATH ask sum as well.

haha no. Check blockchained. Ask is close to all time low. It's been up in the 100ks before.

Hah, well, considering 100KBTC once wasn't worth so much, that's no wonder. I didn't think.

[TERA]

There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.

[spooderman]

There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.

true, are the bids distributed in the same way? I see bitstamp is at bid ATH too.

[TERA]

There are at least 100k asks between the major exchanges. Gox used to be the only major exchange.

true, are the bids distributed in the same way? I see bitstamp is at bid ATH too.

Yes because a $40M bid certainly isn't enough to support a price of $920.  In April the bid was over $20M.

[ChartBuddy]

[gandhibt]

It's possible that we visit 650-700 on stamp, but I would not bet on it, especially when there's pretty low win% to get.

It starts to be more and more clear that we're not entering bear market from here because we have found so solid state not only from above $650 (50% from 125->1160) but from above $850.

And, Pietila is predicting down and Loaded showed up, that's two bullish indicators.

[Voodah]

It's possible that we visit 650-700 on stamp, but I would not bet on it, especially when there's pretty low win% to get.

It starts to be more and more clear that we're not entering bear market from here because we have found so solid state not only from above $650 (50% from 125->1160) but from above $850.

And, Pietila is predicting down and Loaded showed up, that's two bullish indicators.

sigh.. I can't handle sideways...

I'm starting to feel uneasy.

Something's cooking up.

[neutrinox]

Haha I just saw a paid ad on the forum that said:

"Goat says ch00o0o00 ch0000o000o00o0!!!1!!"

Had to lol hard

[neutrinox]

sigh.. I can't handle sideways...

I'm starting to feel uneasy.

Something's cooking up.

I on the other hand think it's amazing to see bitcoin so stable at the current levels. It might drop some because we are in a bearish market, but if this goes at all like the april crash then we are moving sideways for a while on a very nice level. And that gives me an underlying bullish feeling allthough I'm a bit bearish short term.

[TERA]

sigh.. I can't handle sideways...

I'm starting to feel uneasy.

Something's cooking up.

I on the other hand think it's amazing to see bitcoin so stable at the current levels. It might drop some because we are in a bearish market, but if this goes at all like the april crash then we are moving sideways for a while on a very nice level. And that gives me an underlying bullish feeling allthough I'm a bit bearish short term.

Trying to compare this to april has been a futile effort and led me to many bad trades. There has been no similarities at all. I did, however, find many similarities to 2011.