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

[bassclef]

Why always "talking book" when someone expresses an opinion...

Generally, on this specific subforum, it's a valid assumption.

I mean more so that it's sort of a moot point. Obviously if I post a buy/sell target, that's my position. But there is this nagging assertion around here that this is done to manipulate price. That seems absurd to me, but I guess some people put a lot more weight on this forum than others.

During the December bear market (and more so during panics) half of the speculation forum turns to italics... meaning trolls, fudsters, sock puppets, and angry bears with nothing better to do. They mysteriously turn up at the most opportune times. Coincidence?

They are effective at instilling fear during crashes. Comments like THE CHINESE ARE SELLING ON STAMP can really get your heart going at the bottom of a long trend.

[MAbtc]

I hate to sound nostalgic, but it is a little more adversarial and less of a communitarian thing on here.

Maybe it's because we are post all the choo choo times of Nov / Dec...

The majority of posts are still choo choo. Price just hasn't gone to the moon along with them.

Personally, I don't find the dynamic particularly adversarial. But I don't take into account the vast majority of posting here. There's a small handful of analysts here that I think provide useful insight on a regular basis. 95% of this forum is trolling etc, and the rest I use to confirm, or compel reassessment of, my position. I wouldn't do that because someone says the price will go up or down; I do it because analysis is compelling -- or because it isn't. Any analysis I post is in the same vein.

I'm of the position that a) very few will take my calls seriously enough to act on them, and b) this forum is too insignificant to matter. But to be fair, even Lucif got burnt and learned this lesson -- surely people attempt to manipulate this way. Still, I think posting positions * here has more to do with the psychological push to be "correct." It's funny -- there have certainly been times when I have posted analysis here and been more excited for it to be correct than I have for the profit to be reaped. Silly, really, but that's ego....

Put another way, I think you would have to be very unintelligent at this point to believe you could move the market by posting on this forum. A few years ago, it was more sensible, but you would have to be quite stupid at this point. Perhaps my mistake is giving too much credit to peoples' basic intelligence.

* drawing a distinction between trolling and analysis

[virtualfaqs]

http://www.forbes.com/sites/benkepes/2014/01/15/bitcoin-breaks-out-you-can-now-pay-the-irs-in-cryptocurrency/

The headline says BUY the rest of the article says....eh?

At this point, I don't think the act of merchants accepting BTC through a 3rd party BTC processor will bring the price up even if it's Amazon. If they put it on their homepage they accept BTC or they accept BTC without a 3rd party processor, that will bring the price up! Even overstock.com website, it doesn't link to any BTC education site.

[ChartBuddy]

Explanation

[kurious]

I hate to sound nostalgic, but it is a little more adversarial and less of a communitarian thing on here.

Maybe it's because we are post all the choo choo times of Nov / Dec...

The majority of posts are still choo choo. Price just hasn't gone to the moon along with them.

Personally, I don't find the dynamic particularly adversarial. But I don't take into account the vast majority of posting here. There's a small handful of analysts here that I think provide useful insight on a regular basis. 95% of this forum is trolling etc, and the rest I use to confirm, or compel reassessment of, my position. I wouldn't do that because someone says the price will go up or down; I do it because analysis is compelling -- or because it isn't. Any analysis I post is in the same vein.

I'm of the position that a) very few will take my calls seriously enough to act on them, and b) this forum is too insignificant to matter. But to be fair, even Lucif got burnt and learned this lesson -- surely people attempt to manipulate this way. Still, I think posting positions * here has more to do with the psychological push to be "correct." It's funny -- there have certainly been times when I have posted analysis here and been more excited for it to be correct than I have for the profit to be reaped. Silly, really, but that's ego....

Put another way, I think you would have to be very unintelligent at this point to believe you could move the market by posting on this forum. A few years ago, it was more sensible, but you would have to be quite stupid at this point. Perhaps my mistake is giving too much credit to peoples' basic intelligence.

* drawing a distinction between trolling and analysis

Yeah, didn't mean to be down on this place, and we are supposed to be on a speculation thread.

I think we all suffer from wanting to see affirmation of our desires, and confirmation of our predictions, even the best on here display their ego on occasion.

However, we all take a little from each call and get a feel for the mood through it, placing different weightings according to the respect we have for the poster concerned, in order to factor this in to our own view.

In this respect the thread is an indicator and I am sure it is watched.  Sometimes it can even be a contra-indicator (when everyone is most bullish, it is sometimes a bad sign!)

I think almost no-one here believes they can move this market anymore, though - because I doubt any of us really has that power.  

[thms]

You want to see BTC go to the moon again? Shift the decimal places and make 1 BTC = 0.800 USD instead of using mBTC.

[pdawg]

[thoughtfan]

You want to see BTC go to the moon again? Shift the decimal places and make 1 BTC = 0.800 USD instead of using mBTC.

Go ahead.  Feel free... ;

(I'm saying it's open source so you have as much right to do it as the next.  You'll just need to persuade enough to agree with you.  Good luck!)

[thms]

You want to see BTC go to the moon again? Shift the decimal places and make 1 BTC = 0.800 USD instead of using mBTC.

Go ahead.  Feel free... ;

(I'm saying it's open source so you have as much right to do it as the next.  You'll just need to persuade enough to agree with you.  Good luck!)

I thought we were discussing about Bitcoin and not how to make an alt coin.

[adamstgBit]

the new daily candle is green again everyone HODL!!!!!

[aepfel]

You want to see BTC go to the moon again? Shift the decimal places and make 1 BTC = 0.800 USD instead of using mBTC.

Go ahead.  Feel free... ;

(I'm saying it's open source so you have as much right to do it as the next.  You'll just need to persuade enough to agree with you.  Good luck!)

I thought we were discussing about Bitcoin and not how to make an alt coin.

there is no need for an altcoin to do this. everybody can place the decimalpoint at own wishes. even if you decide that for you 1btc equals 250satoshi, thats ok. it doesnt change anything for anyone except you. all you need to do for that is a bit mental math and maybe a bit coding, if you want your favorit walletsoftware/website to show it that way.

[ChartBuddy]

Explanation

[KFR]

My favourite altcoin is Mike (μBTC).  They're crazy cheap at the moment - you can pick up a thousand of them for less than a dollar.  Definitely gonna go moon IMHO.

[Erdogan]

My favourite altcoin is Mike (μBTC).  They're crazy cheap at the moment - you can pick up a thousand of them for less than a dollar.  Definitely gonna go moon IMHO.

I prefer the Embics (mBTC). They don't weigh my pants down so much.

[alexeft]

My favourite altcoin is Mike (μBTC).  They're crazy cheap at the moment - you can pick up a thousand of them for less than a dollar.  Definitely gonna go moon IMHO.

Fully agree! Have a wallet set to display μbtc! I like the number! 

[niothor]

My favourite altcoin is Mike (μBTC).  They're crazy cheap at the moment - you can pick up a thousand of them for less than a dollar.  Definitely gonna go moon IMHO.

Of course , 1gr of sugar at 1 cent is cheaper that 1 kilo at 10$.
I doubt that the bitcoin price is floating around 1000 because of the psychological effect.

I blame it on the fact that people fear we have jumped 10x in price based on... nothing. > China stuff.
And now overstock and co news are just barely hodling the price.
But as time goes on , bears run out of fud , the BTC ecosystem grows we'll get over this mark with or without  Mike,Minnie, Mickey,Satoshi whatever.

[alexeft]

But as time goes on , bears run out of fud , the BTC ecosystem grows we'll get over this mark with or without  Mike,Minnie, Mickey,Satoshi whatever.

Exactly that! 

[alexeft]

It looks like the next jump in difficulty will be HUUUUGE!
Some 800 mil!!!  

[niothor]

this chart is telling me to HODL

HODL!!

Imagine that whale loses it's balance, that's gonna be one hell of a bubble pop.
We'll need some extra motivation to HODL if it happens.

[jojo69]

It looks like the next jump in difficulty will be HUUUUGE!
Some 800 mil!!!  

fuck