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

[T.Stuart]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.

Maybe it will affect the Russians who use it ?

unverified Russians.

If Rasputin were here he would be a long-term Hodler! 

[knarzo]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

BTC-E is legally registered in Bulgaria, so Russian laws won't affect it.

Maybe it will affect the Russians who use it ?

unverified Russians.

If Rasputin were here he would be a long-term Hodler! 

What about the chinese then? They are hodling a lot of $. And i got told hodling == evil. So china == evil?

[macsga]

On other news:
Silicon Valley VC Thinks a Single Bitcoin Will Be Worth $100,000
BY ROBERT MCMILLAN01.15.146:30 AM
http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

[The Bitcoin Foundation]

http://s17.postimg.org/3kbtbnwkv/Screenshot_4.png

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.

[Davyd05]

Hey not everyone is greedy.. hodling for a year or more never hurts either

[notme]

If you sell here do not lose sleep of being left behind

I encourage anyone to look at the weekly chart. I have looked at ever bubble pop / crash / bounce since the beginning and have noticed that anyone you sells above the 7 week moving average post bubble pop bounce CAN REBUY THEIR POSITION for less that they sold for if not substantially less at a later time. Look at the chart yourself. If you sell here don't lose sleep that the train will take off without you.

Now if you sold below the blue line it may be a different story. But it should put alot of ease to people thinking about closing their position (with intention to re-open) currently.

I was just using that as an example you can go back since BTC = $1 and come to the same conclusion

Maybe you can.  I just looked and in my opinion it is not a signal worth risking money on.  My conclusion is that you are seeing what you want to see.  Trading using a single indicator is one of the shortest paths to an empty trading account.



Im speaking to the buy and hold crowd,. You know the ones who don't want to day trade but still want to increase their BTC stack. We just ran up from 100 to 1200! how can anyone possibly have an empty bank account by selling now at $950? with the intention to buy back 20% cheaper ? Again read what I wrote. Historyically speaking anyone who did this could have rebought their position NO MATTER WHAT at a cheaper price at a far later time.

Meaning, after a POP the train does not take off again without a a few months decline

Unless of course you think 1200 to 400 was just one big bear trap in which case we should be shooting up past ATH by now

If you are speaking to the "buy and hold crowd" and not traders, then you're wasting your breath by recommending a sale.  They are, after all, the "buy and hold crowd".  Sure, historically speaking it has worked out, but futuristically speaking, you should have dramatically less certainty, especially given the extremely limited data set you are drawing your conclusions from.

Look at what happends AFTER a crash. it NEVER just shoots up to continue on to new ATHs. It has to test support levels and allow time to rethink or sell before any confidence can be restored and more panic buying can resume.

I've been here since before $1.  You're not going to convince me by telling me to look at the charts.  I saw them as they happened.  If you want to gamble, be my guest.  But if you advertise it as a sure thing, I will call you out.

[TERA]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

[Wekkel]

On other news:
Silicon Valley VC Thinks a Single Bitcoin Will Be Worth $100,000
BY ROBERT MCMILLAN01.15.146:30 AM
http://www.wired.com/wiredenterprise/2014/01/chrisdixon/

I guess he would not predict his investment to go to zero.

But I am happy with a $100,000 target.

[knarzo]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

So adoption will stop soon? Should i sell now or wait a few days?

[Davyd05]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

don't forget fiat lag and verification lag ..and then the final decision lag

[pietje]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

So adoption will stop soon? Should i sell now or wait a few days?

You should panic sell now..
Just hold and see the moon

$100,000 target works for me too 

[knarzo]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

don't forget fiat lag and verification lag ..and then the final decision lag

You forgot human brain lag

[ChartBuddy]

Explanation

[TERA]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

So adoption will stop soon? Should i sell now or wait a few days?

No adoption doesn't stop but having a PR on the wire every day might.

[knarzo]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

So adoption will stop soon? Should i sell now or wait a few days?

You should panic sell now..
Just hold and see the moon

$100,000 target works for me too  

Can't hold. Economists tell me all over the media i can help the economy to grow if i spend all my money on it. So holding is not an option

[knarzo]

I think that dozens of positive news events about adoption resulted in these two little "dojis" on the weekly chart is bearish indeed. It shows the sheer weight of the suppressed capitulation which will be unleashed as soon as the media flow stops.

So adoption will stop soon? Should i sell now or wait a few days?

No adoption doesn't stop but having a PR on the wire every day might.

Alright. Got it. Thanks!

[DaRude]

Just had a thought of running a bear sanctuary foundation. Users can adopt their bear troll ran down by market rises and try to teach them how to hodl before releasing them back in the wild

[damiano]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

hmm

china..
russia..

whos next?

[Patel]

I wonder if this will affect BTCe

http://www.cryptocoinsnews.com/2014/01/15/breaking-news-russia-may-outlaw-bitcoin-russian-voice/

hmm

china..
russia..

whos next?

india and brazil. bric countries against the NWO coin

[granathus]

Sold 20% of my holdings @845, got a feeling all this uncertainty will send us down soon.