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

[kehtolo]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

[Davyd05]

Need to get money to exchanges that way I can give a fuck if its goes down or not fack lol

they said wallstreet wasn't coming tho ... http://bitcoinmagazine.com/11806/atlas-2-0-trading-platform-announces-options-bitcoin/

[TERA]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

They're all important. You didn't get my analogy to physics did you.  Think of the news like a small increase in gravity, but your projectile (the price) was already on its way up with a lot of momentum and it's going to take some time still to bring the object to a stop and then into a fall.

[chessnut]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

They're all important. You didn't get my analogy to physics did you.  Think of the news like a small increase in gravity, but your projectile (the price) was already on its way up with a lot of momentum and it's going to take some time still to bring the object to a stop and then into a fall.

I do understand your analogy. all too well, I know the market is sometimes totally irrational. this could go on for days before the 'news' kicks in. in fact, it has. there is no good reason why the market should crash tonight. you might have to wait another 2 weeks and see if your theory works then.

[Mervyn_Pumpkinhead]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

[magicmexican]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

sounds good on paper, but in reality a guide how to miss all bottoms in the last 2+ years

[chessnut]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

oh thats cute, you are obviously new here.

I rode the great bear market, I am turning bullish because of #3.

[Davyd05]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

oh thats cute, you are obviously new here.

I rode the great bear market, I am turning bullish because of #3.

yeah they think common sense is what we're all lacking.

oh well I agree with Tera at least on this idea we can have Huobi leading the charge.. mind you I don't fully believe they are at any risk of a deposit shutdown...I am thinking these odd man out exchanges weren't following dec 5 compliance

[Erdogan]

Cyprus:

"Demetriades said there’s about 1.5 billion euros of excess cash circulating in the economy that could be used to shore up the deposit base of the banks.

These are “bank notes that have been withdrawn from the banking system, under mattresses,” Demetriades said. “Some have been put in ovens and partly burnt and some have even been eaten by mice, and we’ve had to replace them. We get requests every month to replace worn or damaged bank notes. People are keeping too many bank notes at home.”

Demetriades said that if Cyprus sticks to the reform plan set by the international creditors and tackles non-performing loans, capital controls could be gone by the end of the year."



http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_02/04/2014_538671

Yeah, right.

[marcelus]

Come on people. Consciously resist chaos Elephant.

[TERA]

What if... bitcoin is actually not what people think of at all when they are in a crisis situation,  especially not when it's in a downtrend.

[lynn_402]

Take a lesson from physics. It takes a lot of work to reverse an uptrend. There was a lot of force behind that bounce and I thought we would end up going all the way to 550. 4 hour MACD was way up. A sudden drop to new lows is not really feasible right now, especially with btc38 which wasn't that significant of an exchange. Now wait till 4 hour macd goes down and then you'll see your follow through.

so you are saying that the news is important? or are you saying that the macd is important? or is the trend important?

They're all important. You didn't get my analogy to physics did you.  Think of the news like a small increase in gravity, but your projectile (the price) was already on its way up with a lot of momentum and it's going to take some time still to bring the object to a stop and then into a fall.

I do understand your analogy. all too well, I know the market is sometimes totally irrational. this could go on for days before the 'news' kicks in. in fact, it has. there is no good reason why the market should crash tonight. you might have to wait another 2 weeks and see if your theory works then.

The news about China's ban has been priced-in since January. It's time the silly bears realize that

[koryu]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

[TERA]

It's impossible for it to be "priced in"
1. There's still a chance it doesn't actually happen ,and it hadn't actually happened yet. Action is louder than words.
2. Chinese are still buying bitcoins.
3. Chinese are still holding bitcoins.
4. Chinese exchange operators are still trying to say everything is ok and that they will try to continue to operate as much as possible.
5. There are still people calling it "FUD".

It's very hard to price in the effect of something that will radically change supply and demand. For example, the halvings on bitcoin and altcoins never seem to priced in properly and end up causing a dramatic change.

[ErisDiscordia]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

Much love. I like elephants 

[ChrisML]

"consciously resist chaos elephant"

I think that is in ALL our minds!!! hahaha.. love that. (where is the meme for this?)

how about that

Wow. Such wow. Much Elephant, much volume. Lots weights!

MMMNOMNOM

[lynn_402]

It's impossible for it to be "priced in"
1. There's still a chance it doesn't actually happen ,and it hadn't actually happened yet. Action is louder than words.
2. Chinese are still buying bitcoins.
3. Chinese are still holding bitcoins.
4. Chinese exchange operators are still trying to say everything is ok and that they will try to continue to operate as much as possible.
5. There are still people calling it "FUD".

It's very hard to price in the effect of something that will radically change supply and demand. For example, the halvings on bitcoin and altcoins never seem to priced in properly and end up causing a dramatic change.

I'm quite sure the Chinese will still be buying, or at least holding, Bitcoin.
It's so easy to hide; that's part of what makes it attractie. And those who use know are geeks who know of ways to circumvent the country's control of the internet, so they won't have any problem finding ways to invest freely.

[Mervyn_Pumpkinhead]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

sounds good on paper, but in reality a guide how to miss all bottoms in the last 2+ years

It was exactly like that in June. Don't assume that I'm new here just because my name is new. The loud ones usually aren't very patient people. You can see it by them constantly seeing every small spike as an bottom. And they will get agitated quickly if the price drops lower, then it was promised to them by those who they consider as authority figures in this forum.

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

oh thats cute, you are obviously new here.

I rode the great bear market, I am turning bullish because of #3.

Well, good for you. Some decide to ride bear markets, and some decide to move their wealth from bear markets to bull markets. It's a little hard to understand on why the hell would anyone want to ride a bear market though, if he isn't so heavily involved, that it would be difficult to move out. You could just move your wealth to another investment, where profit is more probable. Makes sense right? But, I think that the cult issue comes to play here. That there are people who consider BTC more then making money. They actually believe that they are contributing to society by investing into bitcoin. It doesn't make sense to me, because bitcoin has even bigger wealth distribution issues then the monetary system run by global banking. But well, this is religion and religion shouldn't make much sense. Religion can mostly be classified by the dogmas that are supporting it. Religion shouldn't be argued over. If some people chose to live a certain fantasy, then it should be their freedom to do so

[chessnut]

It's impossible for it to be "priced in"
1. There's still a chance it doesn't actually happen ,and it hadn't actually happened yet. Action is louder than words.
2. Chinese are still buying bitcoins.
3. Chinese are still holding bitcoins.
4. Chinese exchange operators are still trying to say everything is ok and that they will try to continue to operate as much as possible.
5. There are still people calling it "FUD".

can't you see why those two factors do not belong in this argument? this is not a ban of bitcoin in effect or in law. The chinese still have many ways to buy and trade bitcoin, and they may legally hold it and use it.

Huobi is operating..... BTCe is operating....

If 'it' happens, we still dont know exactly what that is. regulation in china is cloudy. But we do know what it's NOT. ^^

[magicmexican]

You will see the end of this bear market by these following indicators.

1) The price will go lower then most expected
2) The price will remain low longer then most expected
3) The loudest and the most enthusiastic bulls will start to blame bitcoin and everyone involved for the situation and then write dramatic final speeches of them leaving.

If you will get tired of seeing indicator 3, then it's time to buy, not before.

sounds good on paper, but in reality a guide how to miss all bottoms in the last 2+ years


It was exactly like that in June. Don't assume that I'm new here just because my name is new. The loud ones usually aren't very patient people. You can see it by them constantly seeing every small spike as an bottom. And they will get agitated quickly if the price drops lower, then it was promised to them by those who they consider as authority figures in this forum.

I assume that you are new because you did register 2 days ago.

You can say whatever you want about "seeing every small spike as bottoms" but in reality, about 80%+ or even more bottoms that i've seen since the beggining of 2013 were surrounded with TONS of "this is just the first stage of the dump, prepare for more" "lol a bulltrap incoming" an so on and so on