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

[JorgeStolfi]

why is Jorge so mad?

I am not mad, just annoyed at being the topic of half the posts here.

[seleme]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

You're my idol

Yeah, I wouldn't be surprised if we would see a mini rally on SUnday. Whatever it would happen with China on Monday, mini rally on Sunday is what you would expect to happen in bitcoin land.

[JorgeStolfi]

If he gets more than three accusations of being a paid shill every 24hrs the NSA/Facebook/JP Morgan/Pepsi/Nascar/Lego reduce his day rate.

[ShroomsKit]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180.

[chessnut]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

You're my idol

Yeah, I wouldn't be surprised if we would see a mini rally on SUnday. Whatever it would happen with China on Monday, mini rally on Sunday is what you would expect to happen in bitcoin land.

you have no idea how much that means to me seleme  

but remember this morning I didnt change my mind, I only saw that the risk was not worth holding long. now the spread has revealed its self, I can dip my feet in again.

[adamstgBit]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180.

holly molly i bought too early...

[spooderman]

why is Jorge so mad?

I am not mad, just annoyed at being the topic of half the posts here.

Fair enough, we need to start a Jorge mood observation thread because it is OT.

Although, what if your statements actually affected the btc price?

We need CHARTS WITH LINES.

I'm bullish with regard to Jorge's future post count.

If he gets more than three accusations of being a paid shill every 24hrs the NSA/Facebook/JP Morgan/Pepsi/Nascar/Lego reduce his day rate.

lold haaaaard

[chessnut]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180.

In philosophy we call that a slippery slope argument.

it is inconsistent with the laws of demand. there are whales that intercept the price at robust levels because it saves them the torment of accumulating large sums over a long time.

[seleme]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180.

holly molly i bought too early...

At least you should now that it's going to be 180$ before Friday  

[adamstgBit]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180.

holly molly i bought too early...

At least you should now that it's going to be 180$ before Friday  

has this been confirmed?

[seleme]

it's a fake breakout, especially at this time of day/week, it's lost momentum.

resuming long, risk is temporarily over. happy to make a penny out of the drop.

looking to short on a break of 465 however.

At 465 people will find a reason to panic sell to 420. At 420 someone will dump 2k coins and everybody will panic sell to 350. At 350 people figure there are cheap coins at 266 and will sell to get there. Reaching 266 total panic will break out and we will drop to 180.

holly molly i bought too early...

At least you should now that it's going to be 180$ before Friday  

has this been confirmed?

From many sources including Reddit 

[Sitarow]

https://www.youtube.com/watch?v=7HAXnZKkhmI

Party will be over soon.

[JayJuanGee]

Regarding, Jorge, the level of paranoia in here is getting a little scary (and I talk as someone who tries to maintain a high level of paranoia). Jorge is wrong (IMO) but sincere. No one is seriously going to be trying to control the market through this forum (unless it is the market for pictures of rockets and trains).

I really don't think anyone's seriously worried about that.  I think people are just losing patience with all the repeatedly flogged dead horses and straw men.  

It does get a little irritating to read.. from time to time.. especially when it seems pretty apparent that they poster knows s/he is presenting a debunked argument or inflammatory and /or exaggerated phraseology just to seemingly spread FUD

[arepo]

If anyone is wondering about ChartBuddy, my hosting provider is currently experiencing issues.

sad thing being that no one seems to be

this thread is such a racket these days

[Richy_T]

If so, he does it in a very unreasonable way, unprofessional, not in a way expected from a guy supposedly educated in the scientific method and discussion with peers.

To be sure, Jorge's field is computers. The natural sciences tend to be a bit more formal about the scientific method as computers are a bit more deterministic (usually)

[seleme]

If anyone is wondering about ChartBuddy, my hosting provider is currently experiencing issues.

sad thing being that no one seems to be

this thread is such a racket these days

I ignored ChartBuddy year ago

[seleme]

Just checked my Virwox transaction history. I bought my first Bitcoin on March 29th 2013.

[JayJuanGee]

Is it me or does the OP keep changing the Poll question after people voted to suit his bullish agenda?

I am sure the question I voted on said "will the price be below $500".  So i voted yes. 

Now it has a different question, with the same votes/results...

or should I stop drinking?

Yes... ADAM seems to be completely out of his mind with poll questions  ... the questions are like bitcoin, difficult to predict and manipulated 

[JayJuanGee]

Is it me or does the OP keep changing the Poll question after people voted to suit his bullish agenda?

I am sure the question I voted on said "will the price be below $500".  So i voted yes. 

Now it has a different question, with the same votes/results...

or should I stop drinking?

pretty sure i reset the votes, i try to change the poll daily and always reset the votes.

It woudl be interesting if the poll results were shown.. historically, like chart buddy.

[BitChick]

Let's try to be nice now.  I know it can be challenging when you're born to contend for domination of the universe, but let's all try.

TA from another thread:

Log scale chart of complete bitstamp USD history.



Why might the latest pennant be such a different beast to the previous ones?

First :  Is there some kind of scale in the chart?  Second:  Past is not a predictor of future performance.  Third:  there may be different variables at play that affect the present performance to make it different from the first - intensity of government attention and sabotage.. or mt gox variable...

Don't get me wrong... I believe that is a more persuasive chart as compared with some other charts that I have seen... b/c I get the sense that the various variables that could change future performance are NOT significantly different to make a difference.. at least at the moment...

The past is not a 100% accurate predictor of future performance, however, there is something to be said about seeing patterns in the past and learning from them.  I think this chart should make all of us sit back and ponder where Bitcoin is MOST LIKELY going.  The most likely scenario based on this is to see the price go on a run in the next month or two past $3000 and maybe even a bit higher then have it consolidate back down a bit.    I think it is a great time to buy or just hold.