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

[Walsoraj]

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.

You have missed the point, and your counter argument is a red herring. http://en.wikipedia.org/wiki/Red_herring

[Adrian-x]

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...

Well that deals with the CO2 and confirms small electric card are more efficient than Big Gas SUV's.

...* citation: http://www.worldcoal.org/coal/uses-of-coal/coal-electricity/

pollution from coal
citation: http://en.wikipedia.org/wiki/Environmental_impact_of_the_coal_industry (Sterilised by Wikipedia PR firm.)

[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

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

$500 would be cool

i'd take sub $550 though

I'm with you.  BTC price lingering remains part of the aggravation... b/c I believe many of us expect BTC prices to be maintaining higher levels, even at the moment.   

Getting periodic buy opportunities can be good; however, if the price lingers too long at a lower level, then the opposite affect may occur, too... a loss of confidence in the value of BTC....

Well, I anticipate that in the medium to long term, we should be good though and likely 6-12 months we will be hovering in the $1500 range...   

Rosey picture? 

[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.

You have missed the point, and your counter argument is a red herring. http://en.wikipedia.org/wiki/Red_herring

I certainly didn't intend it to constitute an argument.  It's a delirious tangent and might be vaguely contemptuous of your scenario, but it definitely doesn't deserve the dignity of calling it an argument.

If the bid stack just gets hit all the way down, it will go to any lower level that you desire to select.  I just can't imagine why anyone would believe the inevitable turn will come below 550.  I'd love to hear the story.

[podyx]

I'm with you.  BTC price lingering remains part of the aggravation... b/c I believe many of us expect BTC prices to be maintaining higher levels, even at the moment.   

Getting periodic buy opportunities can be good; however, if the price lingers too long at a lower level, then the opposite affect may occur, too... a loss of confidence in the value of BTC....

Well, I anticipate that in the medium to long term, we should be good though and likely 6-12 months we will be hovering in the $1500 range...   

Rosey picture? 

in 6-12 months, the trendline would be 2400-4800(according to ristos calculations) and i believe a price of $6k in 12 months is more realistic then $1.5k

it seems we are always hovering a bit above the trendline(not now though) except for the flash crashes, hence downward pressure

[ChartBuddy]

Explanation

[JayJuanGee]

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.

That's fine... Abandon all you want.   

I do NOT know why you would want to continue to ask me questions that I have expressed my opinion that I already sufficiently answered. 

If you want some interaction on a level that is more in line with your way of thinking and accepting of your definitions of the world, then I have NO problem with that.  Go forth and search for such interactions.

I would think that you should be able to accomplish all of your communication objectives in this regard without having to throw slurs at me.. and to suggest that I am NOT getting your point or failing to understand you.  I already mentioned several times, that I am NOT trying to trick you with any of my various responses.... I just don't feel inclined to continue to answer various questions that I either recognize as too basic and trivial or that I feel that I have sufficiently answered those questions in various repeated ways... .  And, if you want further answers to definitions or parameters that I have set forth, then you may need to go somewhere else to seek those kinds of answers.

I do NOT want to suggest exact sources - b/c it seems that i have already made such suggestions and I doubt that you are inclined to take my further suggestions in this direction, so we should be able to leave these matters on polite terms and agree to disagree.... but instead, you seem to be inclined to throw out slander rather than merely agreeing to leave the topic and to disagree on respectful terms.

[JayJuanGee]

 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.

  I agree with you regarding the part that people do NOT want to be controlled, and people want to have control in their lives. 

Now, you are saying that I do NOT want to pay...   Surely this is crazy talk....    What i said was that the fact that the very rich do NOT pay their fair share, and that the very rich have been receiving reductions in their contributions for about 30 years, these reductions have caused the rest and regular people to have to pay more.  What does this have to do with me - except for the fact that I am claiming that I am NOT one of the very rich?    However, even some people who are part of the very rich, including warren buffet and I believe bill gates, have recognized that the system is way too skewed in favor of the rich and that they have conceded that the rich (including themselves) need to pay more taxes in order to have more sustainable systems and infrastructure, etc etc etc.   

Also, I have never suggested that any of these community designs are up to me, and you should realize that if you were NOT so hell intent upon skewing reality and trying to get your way with name calling that is NOT based in reality.    Democratic input is part of the complications of taking into account a multitude of stakeholders in a process that involves compromise and frequently everyone NOT getting what they want.. but NONETHELESS attempting to satisfy the needs of the most stakeholders.  Surely, these kinds of processes are complicated and they are hard to follow and they are frequently flawed in application.  Nonetheless, they are NOT what you are framing them to be.  They are NOT one person or small group deciding, except to the extent to which the one person or the group has been duly elected or properly appointed within the process.  Then those kinds of groups and people have discretion within their office to carry out the mandates of their office within the public interest parameters.  The only way that I would be deciding would be if I were elected or appointed within an office that has discretion over the areas upon which I am supposed to decide.  Hopefully this clarifies, somewhat.

[JayJuanGee]

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.

I would think that these numbers are constantly changing... well they may hold for a period, but then some of them adjust and sometimes one or two whales can make a very big difference with a sudden change of heart  or the pulling of two walls, when we did NOT know that was the same whale.

[JayJuanGee]

I'm with you.  BTC price lingering remains part of the aggravation... b/c I believe many of us expect BTC prices to be maintaining higher levels, even at the moment.   

Getting periodic buy opportunities can be good; however, if the price lingers too long at a lower level, then the opposite affect may occur, too... a loss of confidence in the value of BTC....

Well, I anticipate that in the medium to long term, we should be good though and likely 6-12 months we will be hovering in the $1500 range...   

Rosey picture? 

in 6-12 months, the trendline would be 2400-4800(according to ristos calculations) and i believe a price of $6k in 12 months is more realistic then $1.5k

it seems we are always hovering a bit above the trendline(not now though) except for the flash crashes, hence downward pressure

I like your numbers better than mine (that were pulled out of my ass to some extent), but I do NOT know what is ristos calculations... so I guess, I am shooting from a position of disadvantage.

[JayJuanGee]

seriously? 3 posts in a row? hopefully its the only resident of my ignore list 

I thought that you were ignoring me?  So how could you see my posts?  Maybe I do NOT understand ignore b/c so far I have NOT employed such a tool.

[hdbuck]

seriously? 3 posts in a row? hopefully its the only resident of my ignore list 

hehe lets make it 5

[fonzie]

DIE JayJuanGee DIE

DIE JayJuanGee DIE

DIE JayJuanGee DIE

[threecats]

what the fuck is wrong with you fonzie?

[aminorex]

I like your numbers better than mine (that were pulled out of my ass to some extent), but I do NOT know what is ristos calculations... so I guess, I am shooting from a position of disadvantage.

It's just an exponential curve.

Others have observed that the better empirical fit, on an R^2 basis, is to an exp(exp(t))+k model, which would put the numbers higher still.  Not sure whether that "double exponential" fit is still better.  It has to be deteriorating now.

[aminorex]

what the fuck is wrong with you fonzie?

Perhaps he's testing whether anyone is left who does not ignore him? 

[donut]

seriously? 3 posts in a row? hopefully its the only resident of my ignore list 

I thought that you were ignoring me?  So how could you see my posts?  Maybe I do NOT understand ignore b/c so far I have NOT employed such a tool.

It looks like this: https://i.imgur.com/TGd2H7O.png

[bassclef]

what the fuck is wrong with you fonzie?

Perhaps he's testing whether anyone is left who does not ignore him? 

He was testing his German. What he meant was:

The, JayJuanGee, the

[ChartBuddy]

Explanation

[Erdogan]

Weekend dips reinstated. Must be the newbies. Bullish!