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

[adamstgBit]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

Sounds serious, you should probably seek some help for this terrible affliction.

thats what my wife keeps saying.

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[Adrian-x]

What would be a good way to determine the number of market participants in bitcoin? Do the biggest exchanges for instance disclose the number of unique accounts?

Genuinely interested, what do people think will happen to the price in the next 3 months if the Chinese news is real?

To the moon, only Chinese coins on the market will come from international travels avoiding capital controls.

[JayJuanGee]

What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.

You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives.    You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations. 

YES, maybe line drawing is NOT the be all end all.... and few are saying that it is...

Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines.

Is it really hard to understand these simple concepts:

Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers
Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more

THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago.

Surely there is some truth to what your saying; however, in my view you are being way to emphatic and denigrating about it.  And, you are engaging in a lot of generalizations in order to denigrate line drawers...... so what... ?  let them draw their lines and do whatever, who cares?

Some people will give line drawing weight and others will NOT ... why does it matter?  Some people will be falsely lead by the line drawing b/c they are NOT flexible enough or they fail to take into account other factors that affect and manipulate the market... so what... ? 

I guess my point is that you have made some points, but your point is NOT really any more valid than the line drawers attempting to figure out what to do... and maybe failing to recognize some other important market dynamic.  Let speculators use whatever tools they wish in order to speculate, and each of us can determine how much time we want to spend in that regard or how much weight to give such information derived from such speculations.

[roslinpl]

And another day as I am close to a bed I am thinking of a price in next 24h - and today - I have no any predictions

I just dunno

[Adrian-x]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

Sounds serious, you should probably seek some help for this terrible affliction.

thats what my wife keeps saying.

Give her some bits too.

[adamstgBit]

i was able to stop smoking bitcoins for 2 days then i totally lost it, i had to have me some bits.

Sounds serious, you should probably seek some help for this terrible affliction.

thats what my wife keeps saying.

Give her some bits too.

no good, i'm pretty sure she'll figure out how to spend them in no time.

[JayJuanGee]

This China ban news is starting to get a bit old, is there a way to get things over with and be done with it?

Yeah.... you could cut your wrist, or put a loaded shot gun in your mouth and pull trigger or jump off a 10 story building without a parachute... any of these could get things over with.     

[ChartBuddy]

Explanation

[derpinheimer]

Down with 500 

[KeyserSoze]

Down with 500  

http://en.wikipedia.org/wiki/Brace_position

[MOB]

And so it goes.  500 wall just pulled out--about 2K at once.

[David M]

I'm a buyer at $486

[Spaceman_Spiff]

going fast now

[derpinheimer]

And so it goes.  500 wall just pulled out--about 2K at once.

Wall wasnt pulled, it go eaten. About 2k of the 500 wall was pulle hours ago. But nothing pulled during the dump.

[adamstgBit]

[Zapffe]

What I'm saying is that these bitcoinwisdom line drawing attempts aren't trustworthy speculations. It wouldn't be worth of mentioning when the majority of the forum wouldn't consider them as trustworthy. When MtGox crashed, then the majority thought that we are back on an uptrend just because couple of reputable baffoons drawed couple of lines, that "proved" this. If the market were smarter, then everyone would earn more money. This unstable market that is lead by chaotic desperation and illusions, isn't very attractive any more, and I really want it to be attractive! So smarten up ffs and stop drawing lines and start concentrating at the general nature of the market.

You are appearing to be so bitter to merely criticize and attack and denigrate without offering any meaningful alternatives.    You seem to be suggesting to predict BTC prices by just doing whatever feels good or feels right at the time... little objective guidance with those kinds of abstract considerations.  

YES, maybe line drawing is NOT the be all end all.... and few are saying that it is...

Surely there are other pieces of evidence that can be accounted to consider the price direction of BTC besides line drawing, and I think everyone agrees to that.. Also, everyone seems to agree that the past does NOT predict the future and that various variables can alter the line drawing predictions... so in this regard, you seem to be attempting to attribute much more predictive value to the line drawings than the line drawers themselves are attributing to such lines.

Is it really hard to understand these simple concepts:

Shutdown of an important market = Loss of demand caused by closing an important channel of incoming flow = Price lowers
Shutdown of an important market, together with the loss of customer funds = Bigger loss of demand, caused by closing an important channel + loss of trust towards the entire market system = Price lowers even more

THE thing to consider with cryptos are the markets. How many markets there are in different geographical places and how comfortable do people feel in using them. This is the main factor that creates demand, so it's the most important factor to consider, since supply is relatively stable and predictable. And you can't understand this aspect by drawing lines in graphs. You could get better predictions by using volume in that equation, not just draw a line between bottoms and tops. But volumes can be faked in crypto, so it's not solid either. Stable trends only apply to markets that are very stable. Where things like 4 seasons of the year or restrictions of the law affect the price in the repeating pattern. Drawing lines in the crypto market is insanity, because the entire market is based on speculation and the entire environment is quickly changing. You have to think on your feet to trade effectively, not just draw lines. I think that the mindless line drawers are the reason on why there is so much uncertainty and confusion. They are leading the people to look at things that doesn't matter and then again everyone will be surprised that why didn't it go like this. And always after the line drawer predictions didn't come through, then they begin acting like they knew about this all along, and the lemmings forgot how certain they were about their lines just couple of weeks ago.

Surely there is some truth to what your saying; however, in my view you are being way to emphatic and denigrating about it.  And, you are engaging in a lot of generalizations in order to denigrate line drawers...... so what... ?  let them draw their lines and do whatever, who cares?

Some people will give line drawing weight and others will NOT ... why does it matter?  Some people will be falsely lead by the line drawing b/c they are NOT flexible enough or they fail to take into account other factors that affect and manipulate the market... so what... ?  

I guess my point is that you have made some points, but your point is NOT really any more valid than the line drawers attempting to figure out what to do... and maybe failing to recognize some other important market dynamic.  Let speculators use whatever tools they wish in order to speculate, and each of us can determine how much time we want to spend in that regard or how much weight to give such information derived from such speculations.

I sound like this because I have been telling all of this since January, but nobody listened and they called me names
I want to play bitcoin, but the other boys are breaking the game because they don't know how to play
Please, tell them that causing slow downtrends isn't how it's done :''(

[seleme]

Waiting was worth on the end 

[meanig]

475  

[fonzie]

200$ coins by sunday!
No need to hurry to buy in now!

[GameStarter]

http://epaper.yicai.com:81/site1/html/2014-03/28/content_206827.htm
is it official now?