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

[barbs]

ACTION !!!

[gog1]

did the 630 wall get devoured or did it get pulled?

[podyx]

^ pulled


1 day charts is ridicolously similar to the april crash pattern

i aint selling today

i still expect $700+ this weekend.

but if it dips, let it dip, im brining fresh fiat

[KeyserSoze]

Quiet! I think I hear the pathetic sobbing of bulls... "Woe is me."

[podyx]

Quiet! I think I hear the pathetic sobbing of bulls... "Woe is me."

sobbing of bulls? where? what is that even supposed to mean?

[dreamspark]

did the 630 wall get devoured or did it get pulled?

It was actually a mixture I think, a big chunk of it got pulled and then the rest eaten but just as it dropped below $630 4 ~160btc bids were placed within a few pence of each other so Im guessing its the same guy. Three were pulled and one of them got eaten.

[gog1]

I think the day of the week effect is getting more pronounced.  Friday + weekend generally a down day with Tuesday - Thursday up days.  I speculate it has to do with the lack of fiat coming into the system on weekend, at least Bitcoin Investment Trust can't be buying on weekends.

[JayJuanGee]

^ pulled


1 day charts is ridicolously similar to the april crash pattern

i aint selling today

i still expect $700+ this weekend.

but if it dips, let it dip, im brining fresh fiat

It sure would be nice to get into the $700s at some point in the near future... I am a bit pessimistic, though, about whether we are going to experience that over the weekend.. maybe by the middle of next week, though.


I generally add a few more BTC or fractions of BTC when there are dips in the BTC prices....

Currently, what is your next buy point?  I am thinking that my next buy point would be under $610... and then again at $580... yet my buy point will fluctuate based on how quickly we are getting to that point.. b/c when possible, I would prefer to buy at the lower price... like any good capitalist.... hehehehe

[podyx]

^ pulled


1 day charts is ridicolously similar to the april crash pattern

i aint selling today

i still expect $700+ this weekend.

but if it dips, let it dip, im brining fresh fiat

It sure would be nice to get into the $700s at some point in the near future... I am a bit pessimistic, though, about whether we are going to experience that over the weekend.. maybe by the middle of next week, though.


I generally add a few more BTC or fractions of BTC when there are dips in the BTC prices....

Currently, what is your next buy point?  I am thinking that my next buy point would be under $610... and then again at $580... yet my buy point will fluctuate based on how quickly we are getting to that point.. b/c when possible, I would prefer to buy at the lower price... like any good capitalist.... hehehehe

if price is gonna go down, it might aswell go down large

$500 would be cool

i'd take sub $550 though

[ErisDiscordia]

you are still not getting my point...

If someone begins to talk about facts that are clearly NOT true, and NOT supported by evidence, then I begin to throw out these kinds of accusations.

how the hell do you determine this so readily? What is true or not. I am starting to think that your ego is making it impossible to get this point. I am abandoning hope for meaningful conversation with you, sorry.

[KeyserSoze]

..the volatility band...

Great name for a music group that does only songs about Bitcoin! Speaking of Bitcoin songs...

KoziKoziTwo, Where Are You???
(to the tune of http://www.youtube.com/watch?v=0_C2HJvtRDY)

Kozi-Kozi-Two, where are you?
You got some work to do now.
Kozi-Kozi-Two, where are you?
We need some songs from you now.

Come on KoziTwo, we miss you...
Bitcoin bard and giver
Tunes about Goxing me, and bubbles for the B,
You make sure to deliver

You know we heard you sent that dough to Gox,
So KoziTwo be ready for the class act.
Law suit flack!
And KoziTwo if you come through
You're gonna have yourself some big fat stacks!
That's a fact!

Kozi-Kozi-Two, here are you!
You're ready and you're willing.
And we can count on you KoziTwo,
For Bitcoin shanties thrilling.

[Richy_T]

I love how those two guys are getting a whole lot of media attention and keep talking about their "own network" and "wall street type technology" and their "wall street type security". Meanwhile.. they are hosting at AMAZON EC2.

Yeah, like these losers

http://aws.amazon.com/solutions/case-studies/

lol you're not very bright, are you?

If you say "I am better than the competition because they are flimsy services hosted in the cloud but we are serious wall street people with our own robust network" and you're using Amazon EC2 yourself then.. well, I'm not going to bother explaining it like you're a five year old since that's obviously beyond your level of understanding.

You might be surprised. But yes, I did misinterpret your post wrt "own network" but ec2 does not preclude wall street technologies and security (though doubtless they are over-exaggerating that)

Though nothing precludes having your own network and working with ec2, of course.

[aminorex]

lol you're not very bright, are you?

If you say "I am better than the competition because they are flimsy services hosted in the cloud but we are serious wall street people with our own robust network" and you're using Amazon EC2 yourself then.. well, I'm not going to bother explaining it like you're a five year old since that's obviously beyond your level of understanding.

Depending on the operational requirements, a very high level of security and robustness to defect can be implemented in a virtualized, distributed environment.  Indeed, much higher levels of robustness are easier to achieve in that environment.  Typically non-virtualized system security is dependent on physical factors which are not formally modeled.  It is not provably secure in any sense.  A tightly secured virtual environment will probably rely on provable security guarantees, which will often but not invariably be more robust than unmodeled physical factors.  I don't think your ridicule is justified by competence, but rather by naivete.

[Adrian-x]

yeeea but still, you cant blame people for being used to car's noise since it has been invented and suddenly change it. it do create a lot of accidents.

Please point me to the studies which reveal low noise EVs create lots of accidents. Your position is that we abdicate personal responsibility while crossing roads? Perhaps we should raise taxes so we can provide large titanium bubbles for people to use while crossing roads - it would certainly make them more safe.

there you go:

-> http://www-nrd.nhtsa.dot.gov/Pubs/811526.pdf

The analysis of crash location indicated that the odds of an HE vehicle being
involved in a pedestrian crash were statistically higher than the odds of ICE
vehicle being involved in similar crash when the crash occurred on the roadway.
However, the odds of an HE vehicle being involved in a bicycle crash were
statistically higher than the odds of ICE vehicle being involved in similar crash
when the crash occurred at an intersection.

edit: plus i dont think electric cars are greener.. think of all those batteries which are going to end up dumped

edit edit: in the end, my position is that electric cars are just a way for manufacturers to increase their marketshare and profit.. classic  

Keep in mind 41% of global electricity comes from burning coal, so all that happens is the pollution source is relocated.  Bunting coal releases approximately 20 toxic- chemicals in concentrations which are toxic to the environment and come with measurable economic costs, among them arsenic, lead, mercury, nickel, vanadium, beryllium, cadmium, barium, chromium,  and radium.
And we are still overlooking the CO2 impact.

[Walsoraj]

Less than 13 mil bid sum on stamp and weekend approaching. Methinks big dip this weekend and crash on Wed or Thurs if bid side doesn't get a mega boost on Monday, which is unlikely.

 

[billyjoeallen]

 Having mandatory, is NOT the same as coercion.. b/c a large majority of the people do NOT need to be coerced to follow rules of their own making and a society of their own choosing and a community in which they chose to live... I would NOT call that coercion.  

If I resist paying taxes, the government intervenes with the threat of force. Threat of force is the very definition of coercion.

If people are really choosing to make rules to provide welfare, then they can skip the intermediate step and chose to provide welfare. Everything else is coercion.

That is why this back and forth communication with you is getting NO WHERE - b/c you keep insisting that your being part of a community is coercion... and you give way too much weight to this coercion aspect - to the extent that taxes are mandatory and a part of civil society, and almost anywhere in the world has some taxes.. though there is variation.  If you are an American (or another western country), you have won the lottery, b/c you can move almost anywhere in the world with your passport and find some haven that has little to no taxes.  What country are you from?   You seem to want the benefits of being part of a community, but you do NOT want to pay into that community's rate of taxation.

There is a difference between not wanting to pay and not wanting to be forced to pay. You don't have to agree with me to understand that many people resist being controlled regardless of who is doing the controlling or why. YOu have no evidence that I don't want to contribute to society. Your assumptions I suspect are based on projection. It's YOU who doesn't want to contribute unless everybody else pays their "fair" share with you determining what's fair.

[KeyserSoze]

Keep in mind 41% of global electricity comes from burning coal, so all that happens is the pollution source is relocated.

http://content.sierraclub.org/evguide/myths-vs-reality
Edit: with citations...

[aminorex]

Currently, what is your next buy point?  I am thinking that my next buy point would be under $610... and then again at $580... yet my buy point will fluctuate based on how quickly we are getting to that point.. b/c when possible, I would prefer to buy at the lower price... like any good capitalist.... hehehehe

$500 would be cool

I try to stage buys just above support levels, in sizes proportionate to the anticipated support.  If momentum seems strong, I will bias to the lower end of the bid stack.  I see resistance at 625, 618, 608, 600, 584 on technical grounds.  I think 550 is dreaming.

[Walsoraj]

Currently, what is your next buy point?  I am thinking that my next buy point would be under $610... and then again at $580... yet my buy point will fluctuate based on how quickly we are getting to that point.. b/c when possible, I would prefer to buy at the lower price... like any good capitalist.... hehehehe

$500 would be cool

I try to stage buys just above support levels, sized proportionate to the anticipated support.  If momentum seems strong, I will bias to the lower end of the bid stack.  I see resistance at 625, 618, 608, 600, 584 on technical grounds.  I think 550 is dreaming.

Anything is possible if total bid sum keeps depleting. No Gox style fiat withdrawal halt to save us this time.

[aminorex]

Anything is possible if total bid sum keeps depleting. No Gox style fiat withdrawal halt to save us this time.

Anything is possible in a dream.
Heck even in physics, for a suitable definition of anything.
In logic, even:  Ex contradictione sequitur quodlibet.