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

[JayJuanGee]

Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.

Why bother?  You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... 

[adamstgBit]

the china news is made up FUD FUD FUD

Until it is known whether the bank ban is true or false, "Fear, Uncertainty and Doubt" is what a sensible trader should feel.  

Yeah... we need to hear one way or another... which i am inclined to think that it is NOT true... maybe some restrictions.. but total ban.. seems very unlikely

what seems unlikely too me, is one week they say the rumors are false then following week they would say the rumors were true.

really?

why wouldn't they just have said nothing at all on the first rumor, why would they lie?

[wachtwoord]

And that's what pisses me off: not that the "cultists" are sitting this bear market out, but that they're shouting down those who discuss how to profit from the market conditions.

Because it is my (and many other's) opinion you cannot profit from that

The human mind is amazing in finding patterns even if there is none.

[tailor]

Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.

Why bother?  You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... 

Yes, expel the unbeliever!

[gizmoh]

There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.

It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.

You know what? I give you that. I think it was Rampion who put it as something like "the hardcore (cultists) provide the base value, the traders/speculators add the volatility/spikes".

So, yes, those of you who are willing to go down with the ship, I pay my respect to you...

But this is the fucking speculation subforum. And, as you would expect by the name of it, speculators are not, by and large, interested in going down with the ship. And that's what pisses me off: not that the "cultists" are sitting this bear market out, but that they're shouting down those who discuss how to profit from the market conditions.

This reply deserves an award. GTFO from this thread noble cultists!

[fonzie]

Next bull trap/recovery will be sponsored by 500$ shorters  

Swaps on Bitfinex have gone up 50% in the last 1-2 days from 6000  to 9,512.45 BTC

[tailor]

the china news is made up FUD FUD FUD

Until it is known whether the bank ban is true or false, "Fear, Uncertainty and Doubt" is what a sensible trader should feel.  

Yeah... we need to hear one way or another... which i am inclined to think that it is NOT true... maybe some restrictions.. but total ban.. seems very unlikely

what seems unlikely too me, is one week they say the rumors are false then following week they would say the rumors were true.

really?

why wouldn't they just have said nothing at all on the first rumor

Keep 'em guessing. Did you ever read The Art of War?

Heh. To loosely paraphrase some guy from ages ago: "never ascribe to brilliant strategy what's best attributed to pure bungling".

[aminorex]

what seems unlikely too me, is one week they say the rumors are false then following week they would say the rumors were true.

really?

why wouldn't they just have said nothing at all on the first rumor, why would they lie?

Indeed, any actual news is almost certain to be quite anticlimactic.  We have yet to achieve a level of exchange liquidity where such trifles are down in the noise where they belong on any rational basis.  More speculation please!  More bears!  More bulls!  More pigs!  More sheep!  And more enterprises.  Even nasty stinky ones.  Just more.

[aminorex]

GTFO from this thread noble cultists!

You might consider me a cultist.  I certainly aspire to nobility of character.  (And generally fail to attain it.)  But I seek to advance my cause via speculation, among other means, and am unlikely to be cowed by the acronyms of a dodo bird.  Try logic or bullets if you want me to duck.

[Barnyard posts lately:  cows, ducks, bulls, bears, sheep, pigs...]

[seleme]

And that's what pisses me off: not that the "cultists" are sitting this bear market out, but that they're shouting down those who discuss how to profit from the market conditions.

Because it is my (and many other's) opinion you cannot profit from that

The human mind is amazing in finding patterns even if there is none.

That's silly, of course you can profit trading in such volatile market

[magicmexican]

Something tells that this china fud willl be resolved in a neutral-weird way - it would be somewhat true, but exchanges wont close and it wont be the doomsday.

Kinda like sell on rumors buy on news kind of deal.

[hdbuck]

lmao, are people becoming mad in this thread? why everybody is fighting/arguing? is despair hitting hard?

[lemonte]

Something tells that this china fud willl be resolved in a neutral-weird way - it would be somewhat true, but exchanges wont close and it wont be the doomsday.

Kinda like sell on rumors buy on news kind of deal.

Like last time?

[Peter R]

You know what? I give you that. I think it was Rampion who put it as something like "the hardcore (cultists) provide the base value, the traders/speculators add the volatility/spikes".

So, yes, those of you who are willing to go down with the ship, I pay my respect to you...

But this is the fucking speculation subforum. And, as you would expect by the name of it, speculators are not, by and large, interested in going down with the ship. And that's what pisses me off: not that the "cultists" are sitting this bear market out, but that they're shouting down those who discuss how to profit from the market conditions.

The beauty of bitcoin is that anyone is free to use it for whatever reason they desire:

Bitcoin is a new technology. It has no ideologies.

But people project their fears and dreams onto bitcoin. Some dream of getting rich, and some dream of a future utopian world. Some fear losing money or respect, while others fear increased surveillance via blockchain monitoring.

Bitcoin doesn't give a fuck.

[aminorex]

For nominal communists, the CCP is amazingly conservative.  I think this reflects that the leadership consists of billionaires.  Unless they are planning to defect, bitcoin is a threat, since it liberates people from the banks which they control.  If they are planning to defect, however, bitcoin is an amazing tool.  I suspect the leadership fears defections and popular liberty more than anything other pair of devils imaginable.  Bitcoin probably matters more to the leadership than you might otherwise think.
 

[JayJuanGee]

Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.

Why bother?  You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... 

Yes, expel the unbeliever!

hehehehe... My point is NOT about unbelieving .. but about contribution and substantiating contributions... If a person merely criticizing BTC without adding value concerning why.. then what good does that provide...   Also, some posters seem to be real denigrating about the contributions of others... which really does NOT seem to add value but instead attempt to distract and to side-rail meaningful discussions...

[aminorex]

anyone know what happened to pirate's ill gotten gains?

not i, but i found the silk road coins:  http://www.geocities.jp/hiranocolt/page034.html

[tailor]

Ok, I'll leave you guys with your high hopes of moons and trains. I'll have to go and when I'll return, then this username is probably banned already because of the cries of rpietila. But see you all later under a new name.

Why bother?  You have HARDLY invested in bitcoin, and you really do NOT seem very interested.... except to denigrate various strategies.. without really providing insight... 

Yes, expel the unbeliever!

hehehehe... My point is NOT about unbelieving .. but about contribution and substantiating contributions... If a person merely criticizing BTC without adding value concerning why.. then what good does that provide...   Also, some posters seem to be real denigrating about the contributions of others... which really does NOT seem to add value but instead attempt to distract and to side-rail meaningful discussions...

A living example of a strawman setup by the original poster

The post I responded to, which you later edited, simply responded "Don't bother" to Zapffe.

[jojo69]

anyone know what happened to pirate's ill gotten gains?

not i, but i found the silk road coins:  http://www.geocities.jp/hiranocolt/page034.html

fuck

there goes my morning

[billyjoeallen]

There has to be a counterbalance to all the cultish posts of the always-bullish people who think that prices are always going straight to the moon tomorrow regardless of any and all TA and that every unfavorable event is always made up.

It was us cultists who kept this project alive when it dropped from $32 to $3 and stayed there for a year. The fraction of investors like me who will willingly go down with the ship are the support base that gives BTC what some call "intrinsic" value. Without us, this really would be a Ponzi Scheme. Contributing to positive change in the world is just as important as ROI.

You know what? I give you that. I think it was Rampion who put it as something like "the hardcore (cultists) provide the base value, the traders/speculators add the volatility/spikes".

So, yes, those of you who are willing to go down with the ship, I pay my respect to you...

But this is the fucking speculation subforum. And, as you would expect by the name of it, speculators are not, by and large, interested in going down with the ship. And that's what pisses me off: not that the "cultists" are sitting this bear market out, but that they're shouting down those who discuss how to profit from the market conditions.

This reply deserves an award. GTFO from this thread noble cultists!

I have no problem at all with speculators with no ideological bent. The good ones add liquidity when it is valued and absorb liquidity when it's not. The bad one's give me and the good ones money. The beauty of Bitcoin is that you don't have to believe in it for it to work. However it you don't believe in it, then you are likely to bail when coins are too cheap and end up being a bad speculator.

As for profiting from market conditions, the market is sending a signal that may or may not be a false signal concerning Bitcoin's future in China. As time goes by, I think it is more and more likely that the signal is false. The PBoC has not confirmed or denied the rumor. I think denying rumors is probably lower on their priority list than confirming actual policy decisions so no news is likely to be good news. Now markets hate uncertainty and this definitely qualifies, so this may be a buying opportunity. Maybe.