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

[aminorex]

the bear run is at lows. Im not gonna pick numbers, but there will be very little volume traded under current levels.

I thank God Almighty that I'm not the sucker who sold 7000 coins.

[chessnut]

the bear run is at lows. Im not gonna pick numbers, but there will be very little volume traded under current levels.

I thank God Almighty that I'm not the sucker who sold 7000 coins.

sorry, not sure if you are being sarcastic there or what.

[octaft]

I agree, the bears are hopelessly weak, even after real implications of the ban in China.

I wouldnt say that the bulls are too strong either, but the sentiment is so bearish, especially in the circles of newbies, that the worst must be over.

given just a bit of stability, the bulls will flock back to bitcoin.

How can the sentiment be so bearish if half the posters on here are arguing the same thing that you are?

first of all... they are not.
Also look closer at the content of the arguments. you will find more fallacies in bearish arguments. strawmans, red herring, ad hominem, you name it. The people who have recently sold all their coins are newbies, and by panic too. they are always last to the party.
the hype is about the china ban. it's a fiat bubble. when the real news hits, there is one pathetic spike and no fundamental follow through.
the bear run is at lows. Im not gonna pick numbers, but there will be very little volume traded under current levels.

What I am finding is confirmation bias from both sides. Ignore that which doesn't suit your agenda, and select that which does.

[Adrian-x]

Why would I give a shit about some foreign debt collection agency or US citizens complain about bypassing sales taxes?

Stop quoting Mah87.  He's been full ripple since he missed the bitcoin boat...

ripple is in the same boat as bitcoin when it comes to the IRS, lets all switch to USD.

I'd rather invest in USA's pennies, considering they cost about 1/3 more than they're worth to actually make...unfortunately, the value of a penny can't increase, unlike say, a bitcoin...

Then: much loss, so claim

good call

[ChartBuddy]

Explanation

[mah87]

You must be bullish on Ripple because it's so different thing and if IRS line is bad for BTC it would be sooo diferrent for XRP. Lol, you are one hell of the joker  

BTW, I have 20 btc invested in XRP and I'm currently 30% down on it. Guess what, it's doing exactly same thing as Bitcoin, and guess why? Because it is in same group of "stocks" with Bitcoin and same group of stocks almost always follow the leader. So better pray Bitcoin to go up again  

First of all how this change anything to what I said about bitcoin and IRS ?

IRS statement concern xrp too but Ripple Network can work with this, bitcoin can't.

[chessnut]

What I am finding is confirmation bias from both sides. Ignore that which doesn't suit your agenda, and select that which does.

so whose side are you on?

and also you need facts to judge confirmation bias.

why dont you count up the number of bears on this site, vs number of bulls over the last 3 days.

also try collect some number targets. you will find that bears targets are 380. cluster targets are never hit.

also try reading Ristos thread. that is where noobs take out their anger. that is where you may analyse validity of arguments.

[keithers]

Why would I give a shit about some foreign debt collection agency or US citizens complain about bypassing sales taxes?

Stop quoting Mah87.  He's been full ripple since he missed the bitcoin boat...

ripple is in the same boat as bitcoin when it comes to the IRS, lets all switch to USD.

I'd rather invest in USA's pennies, considering they cost about 1/3 more than they're worth to actually make...unfortunately, the value of a penny can't increase, unlike say, a bitcoin...

Then: much loss, so claim

good call

Lol, I actually throw pennies away, they are such a waste of space.   If I would have saved all the pennies in my life that I have thrown away...I would probably have enough money to buy....  a beer.  lol

[cee-euros]

btc-e being pumped

[Carra23]

btc-e being pumped

You call that a pump?

[adamstgBit]

btc-e being pumped

You call that a pump?

its not a dump

[Adrian-x]

Why would I give a shit about some foreign debt collection agency or US citizens complain about bypassing sales taxes?

Stop quoting Mah87.  He's been full ripple since he missed the bitcoin boat...

ripple is in the same boat as bitcoin when it comes to the IRS, lets all switch to USD.

I'd rather invest in USA's pennies, considering they cost about 1/3 more than they're worth to actually make...unfortunately, the value of a penny can't increase, unlike say, a bitcoin...

Then: much loss, so claim

good call

Lol, I actually throw pennies away, they are such a waste of space.   If I would have saved all the pennies in my life that I have thrown away...I would probably have enough money to buy....  a beer.  lol

I used to think they were a health hazard the risk of putting you back out verses the benefit of picking one up. But who knew the metal content exceeded the face value.

[seleme]

You must be bullish on Ripple because it's so different thing and if IRS line is bad for BTC it would be sooo diferrent for XRP. Lol, you are one hell of the joker  

BTW, I have 20 btc invested in XRP and I'm currently 30% down on it. Guess what, it's doing exactly same thing as Bitcoin, and guess why? Because it is in same group of "stocks" with Bitcoin and same group of stocks almost always follow the leader. So better pray Bitcoin to go up again  

First of all how this change anything to what I said about bitcoin and IRS ?

IRS statement concern xrp too but Ripple Network can work with this, bitcoin can't.

Ripple network can work with this?

First of all, you don't give a shit about Ripple network except hoping that it being a good thing, and it is (though if it will become obsolete if they don't make something with it soon as more 2nd gen. currencies are coming out while Ripple completely stagnated in anything except hiring new stuff in last few months while Bitcoin is rallying in service adoption and actually becoming a victim of it's own success pricewise), will rise the value of XRPs you bought.

And if Bitcoin can't work with this, than nobody does. If people don't want to buy Bitcoin because they'll have to pay taxes on it, why the hell would anyone else even think to buy Ripple with it's lousy liquidity and profit options.

So stop bullshitting and making yourself an idiot daily, and pray Bitcoin to do good as it's obvious XRP is exactly tied to Bitcoin state and can't do shit on it's own.

Ps. of course it has what you said. Because you're bullshitting here for weeks about Bitcoin while propping up XRP and the fact is - your XRP can't piss on it's own without Bitcoin and it's following it like little dog.

[seleme]

I guess it's a whale from last night on BTC.e. Someone decided to accumulate some coins at this level.

[chessnut]

btc-e being pumped

You call that a pump?

Dont forget the significance of BTCe here..... they just opened up to the chinese.

[mah87]

You must be bullish on Ripple because it's so different thing and if IRS line is bad for BTC it would be sooo diferrent for XRP. Lol, you are one hell of the joker  

BTW, I have 20 btc invested in XRP and I'm currently 30% down on it. Guess what, it's doing exactly same thing as Bitcoin, and guess why? Because it is in same group of "stocks" with Bitcoin and same group of stocks almost always follow the leader. So better pray Bitcoin to go up again  

First of all how this change anything to what I said about bitcoin and IRS ?

IRS statement concern xrp too but Ripple Network can work with this, bitcoin can't.

Ripple network can work with this?

First of all, you don't give a shit about Ripple network except hoping that it being a good thing, and it is (though if it will become obsolete if they don't make something with it soon as more 2nd gen. currencies are coming out while Ripple completely stagnated in anything except hiring new stuff in last few months while Bitcoin is rallying in service adoption and actually becoming a victim of it's own success pricewise), will rise the value of XRPs you bought.

And if Bitcoin can't work with this, than nobody does. If people don't want to buy Bitcoin because they'll have to pay taxes on it, why the hell would anyone else even think to buy Ripple with it's lousy liquidity and profit options.

So stop bullshitting and making yourself an idiot daily, and pray Bitcoin to do good as it's obvious XRP is exactly tied to Bitcoin state and can't do shit on it's own.

you need 50xrp to use the ripple network, nothing more. You won't ever have to use XRP anymore after that. That's the strength of Ripple.

[seleme]

You must be bullish on Ripple because it's so different thing and if IRS line is bad for BTC it would be sooo diferrent for XRP. Lol, you are one hell of the joker  

BTW, I have 20 btc invested in XRP and I'm currently 30% down on it. Guess what, it's doing exactly same thing as Bitcoin, and guess why? Because it is in same group of "stocks" with Bitcoin and same group of stocks almost always follow the leader. So better pray Bitcoin to go up again  

First of all how this change anything to what I said about bitcoin and IRS ?

IRS statement concern xrp too but Ripple Network can work with this, bitcoin can't.

Ripple network can work with this?

First of all, you don't give a shit about Ripple network except hoping that it being a good thing, and it is (though if it will become obsolete if they don't make something with it soon as more 2nd gen. currencies are coming out while Ripple completely stagnated in anything except hiring new stuff in last few months while Bitcoin is rallying in service adoption and actually becoming a victim of it's own success pricewise), will rise the value of XRPs you bought.

And if Bitcoin can't work with this, than nobody does. If people don't want to buy Bitcoin because they'll have to pay taxes on it, why the hell would anyone else even think to buy Ripple with it's lousy liquidity and profit options.

So stop bullshitting and making yourself an idiot daily, and pray Bitcoin to do good as it's obvious XRP is exactly tied to Bitcoin state and can't do shit on it's own.

you need 50xrp to use the ripple network, nothing more. You won't ever have to use XRP anymore after that. That's the strength of Ripple.

You don't give a shit about using Ripple nor 99% of people invested in it do. All you care is XRP rising so you can bank on investment you made in it.

Ripple is good idea but they need to make something from it soon or it will become obsolete. But right now it's nothing but alt that follows each Bitcoin's move.

[aminorex]

btc-e being pumped

You call that a pump?

Dont forget the significance of BTCe here..... they just opened up to the chinese.

Wtf is going on there? It looks like the trollbox in chart form :/

btc-e did not open to the chinese.  it opened offshore rmb trading.  that's funny money you can't spend on pretty much anything but dimsum bonds issued in hongkong.  i could see a lot of CNH flowing into bitcoin, given how useless it is to non-smugglers (given current dimsum interest rates especially).

[byronbb]

Why would I give a shit about some foreign debt collection agency or US citizens complain about bypassing sales taxes?

Stop quoting Mah87.  He's been full ripple since he missed the bitcoin boat...

ripple is in the same boat as bitcoin when it comes to the IRS, lets all switch to USD.

I'd rather invest in USA's pennies, considering they cost about 1/3 more than they're worth to actually make...unfortunately, the value of a penny can't increase, unlike say, a bitcoin...

Then: much loss, so claim

good call

Lol, I actually throw pennies away, they are such a waste of space.   If I would have saved all the pennies in my life that I have thrown away...I would probably have enough money to buy....  a beer.  lol

And if I had never drank any beer I'd be retired by now.

[octaft]

What I am finding is confirmation bias from both sides. Ignore that which doesn't suit your agenda, and select that which does.

so whose side are you on?

and also you need facts to judge confirmation bias.

why dont you count up the number of bears on this site, vs number of bulls over the last 3 days.

also try collect some number targets. you will find that bears targets are 380. cluster targets are never hit.

also try reading Ristos thread. that is where noobs take out their anger. that is where you may analyse validity of arguments.

I'm on my own side, and my side has no fucking clue what's going to happen next, although I suspect some sort of at least temporary rise needs to happen after all this plummeting. The only bears really spouting off to a great degree are the same guys who seem to be pretty much always bearish. Same thing goes for the other side (super bulls being bullish), which I guess is more bearish than before we started dropping, since when we were on the initial rise to >1,000, almost everyone who is not a super-bear was heavily bullish, whereas now some of the newer bulls are sitting on the sidelines in terms of posting.

The sentiment is definitely bearish compared to when we were skyrocketing to 1000, but if you rate extreme bullishness as 100, and extreme bearishness as 0, during the huge rise we were somewhere around 98, and now we're more at 30-40. <5 is when guys who shout HODL at the top of their lungs at times like this come on and say something like "wow, I can't take this anymore, this is going to shit. I'm cutting my losses and selling to rebuy lower."