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

[mmitech]

http://www.youtube.com/watch?v=H_AMk4-Xsyg

cool, so now every show has to mention Bitcoin, it is the thing now hahahaha

[1713998051]

1713998051

[1713998051]

1713998051

[1713998051]

1713998051

[pietje]

Kinda have the feeling that we are slowly dropping down for the whole weekend

[flm]

As we've recently seen from good sources, Wall Street isn't coming to bitcoin and is moving on to interest in 3D printing and self-driving cars, as those technologies clearly hold more promise than bitcoin.  Once everyone internalizes that fact, the price will enter free fall.  Shotring now will command fantastic returns, especially at very high margin levels.

Serious question... Are you looking for cheap coins? Or do you just think there is no future in Bitcoin?


Im thinking you are looking to pick up cheap coins to make a quick return from all the bad news posts you keep typing up?

[Chalkbot]

As we've recently seen from good sources, Wall Street isn't coming to bitcoin and is moving on to interest in 3D printing and self-driving cars, as those technologies clearly hold more promise than bitcoin.  Once everyone internalizes that fact, the price will enter free fall.  Shotring now will command fantastic returns, especially at very high margin levels.

Serious question... Are you looking for cheap coins? Or do you just think there is no future in Bitcoin?


Im thinking you are looking to pick up cheap coins to make a quick return from all the bad news posts you keep typing up?

He's encouraging people to use their own brains.

[bambou]

As we've recently seen from good sources, Wall Street isn't coming to bitcoin and is moving on to interest in 3D printing and self-driving cars, as those technologies clearly hold more promise than bitcoin.  Once everyone internalizes that fact, the price will enter free fall.  Shotring now will command fantastic returns, especially at very high margin levels.

Serious question... Are you looking for cheap coins? Or do you just think there is no future in Bitcoin?


Im thinking you are looking to pick up cheap coins to make a quick return from all the bad news posts you keep typing up?

dont take it too seriously as i believe he is just some bored early adopter (no offense, i totally get it and would probably act the same) who went on to the same boring discussion every time BTC price x10 and new comers flood the forum with more anxiety and questions. nothing will happen, the price shall certainly move up again, but not for now as we entered some consolidation of the previous rise and it could take some time, which is totally normal. just stop seeing signs, sit tight and enjoy the ride.

[gizmoh]

As we've recently seen from good sources, Wall Street isn't coming to bitcoin and is moving on to interest in 3D printing and self-driving cars, as those technologies clearly hold more promise than bitcoin.  Once everyone internalizes that fact, the price will enter free fall.  Shotring now will command fantastic returns, especially at very high margin levels.

Serious question... Are you looking for cheap coins? Or do you just think there is no future in Bitcoin?


Im thinking you are looking to pick up cheap coins to make a quick return from all the bad news posts you keep typing up?

He is just being sarcastic. He was a bear at $50 now turned bull at $1000, wrong timing all the way..

[galegobr01]

More good news for the BTC. Campus Party 2014 (Brazil) will feature an ATM to exchange BTC by fiat.
This should cause a rise in the value of BTC embreve. First ATM in Latin America.


http://www.tecmundo.com.br/bitcoin/49171-campus-party-sera-estreia-de-caixa-eletronico-de-bitcoins-no-brasil.htm

[Double-Spent]

As we've recently seen from good sources, Wall Street isn't coming to bitcoin and is moving on to interest in 3D printing and self-driving cars, as those technologies clearly hold more promise than bitcoin.  Once everyone internalizes that fact, the price will enter free fall.  Shotring now will command fantastic returns, especially at very high margin levels.

Serious question... Are you looking for cheap coins? Or do you just think there is no future in Bitcoin?


Im thinking you are looking to pick up cheap coins to make a quick return from all the bad news posts you keep typing up?

He is just trolling.

Someone has his irony detector broken.

[DaRude]

Levels of Enlightenment for market trading:

  * At Level of Enlightenment Zero, you buy or sell at current price based on what other people tell you.

  * At Level of Enlightenment  One, you draw lines, triangles and dinosaurs over the charts, look for trends and patterns, in an attempt to predict future prices from the set of past prices.

  * At Level of Enlightenment Two, you realize that the market does not give a damn for the past price history.  Any trends are due to the trading community's perception of external events. When the external conditions change (e.g. when the traded item is banned in Mongolia, or featured in a TV serial), the trends immediately change in ways and amounts that are very hard to predict.  The best one can say is that the price P(now + t), in log scale, is P(now) plus a random variable with zero mean whose variance increases linearly with t, irrespective of its past history.

  * At Level of Enlightenment Three you know more complicated formulas that use past prices to give predicitions for future prices that are significantly tighter than those of the Level Two model above. But I haven't got to that Level yet.

I suspect that there is a maximum Level of Enlightenment N-1, after which one's understanding of markets goes back to Level Zero.

  * At Level of Enlightenment N you HODL. Don't worry you'll get there

[flynn]

[JimboToronto]

Buy and hold is for suckers

Suckers who see their investments increase a thousand percent in a couple of years?

while most wait for 2000k per BTC they miss out on the 900 - 600 - 900 - 600 action that takes places for a long while.

Wait for 200k?    Holders aren't waiting for anything. They'll sell only as much as they need to spend.

900 - 600 - 900 - 600 action?

Uh? Where? Neither Stamp nor Gox has been as low as $600 for almost a month.

How long have you been into Bitcoin?

[MAbtc]

More chart BS
This time for the Bulls

Huobi clearly shows a pennant, which suggests  a continuation of the uptrend once complete (in about 3 days)

Not a pennant IMO, based on a few things -- time frame, absence of flag pole, the fact that the first downward wave of the formation broke below previous resistance (i.e. the bottom of the flag pole). The fact that the sharp move that typically precedes a pennant is contained within this formation is another indication that this is a longer term consolidation pattern.

I see a symmetrical triangle, which admittedly is more bullish than the current formations on western exchanges. I would expect a breakout earlier than 3 days based on the wave structure and proximity to the close of the triangle. Much longer and it won't be very reliable.

But I don't see a bullish bias at all.

[T.Stuart]

More chart BS
This time for the Bulls

Huobi clearly shows a pennant, which suggests  a continuation of the uptrend once complete (in about 3 days)

Not a pennant IMO, based on a few things -- time frame, absence of flag pole, the fact that the first downward wave of the formation broke below previous resistance (i.e. the bottom of the flag pole). The fact that the sharp move that typically precedes a pennant is contained within this formation is another indication that this is a longer term consolidation pattern.

I see a symmetrical triangle, which admittedly is more bullish than the current formations on western exchanges. I would expect a breakout earlier than 3 days based on the wave structure and proximity to the close of the triangle. Much longer and it won't be very reliable.

Sideways. Waiting for a cue. I said two weeks ago we would end up at this point at this price right now! 

[ChartBuddy]

Explanation

[notme]

More chart BS
This time for the Bulls

Huobi clearly shows a pennant, which suggests  a continuation of the uptrend once complete (in about 3 days)

Not a pennant IMO, based on a few things -- time frame, absence of flag pole, the fact that the first downward wave of the formation broke below previous resistance (i.e. the bottom of the flag pole). The fact that the sharp move that typically precedes a pennant is contained within this formation is another indication that this is a longer term consolidation pattern.

I see a symmetrical triangle, which admittedly is more bullish than the current formations on western exchanges. I would expect a breakout earlier than 3 days based on the wave structure and proximity to the close of the triangle. Much longer and it won't be very reliable. But I don't see a bullish bias at all.

But what what if China has been trolling us all along, only to leave the western traders caught with their shorts on.

[seleme]

This flat market is losing me money with my bots left, right and center. They're buying at top and selling at bottom like a boss 

[notme]

This flat market is losing me money with my bots left, right and center. They're buying at top and selling at bottom like a boss 

Thank you.  My bots appreciate the extra volatility since they focus on stabilization rather than trend following.

[seleme]

This flat market is losing me money with my bots left, right and center. They're buying at top and selling at bottom like a boss 

Thank you.  My bots appreciate the extra volatility since they focus on stabilization rather than trend following.

You're welcome 

It's trend where money comes so I'm cool waiting for it. So far

[aminorex]

we've been moving up about USD 0.50 per hour since 21 december, with remarkably little variance.  i'm not sure how that can be construed bearishly.  i admit that i am trying nonetheless.

[MAbtc]

we've been moving up about USD 0.50 per hour since 21 december, with remarkably little variance.  i'm not sure how that can be construed bearishly.  i admit that i am trying nonetheless.

Trends were meant to be broken!

Speaking of which, the trend on Huobi is down ~ 50 CNY ($8.50) per day since 11/18.