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

[Mythul]

In the mean time....Russia is on the verge of invading eastern Ukraine...

[magicmexican]

Interesting that stamp is now higher than btc-e btw

[adamstgBit]

Anyone remember the big stock market crash of 2007/2008? now look at those who stayed in and held tight, most are smelling the roses. Of course we don't have the FED pumping up the BTC market with quantitative easing etc., but that's what BTC is all about,,,, freedom from that kind of stuff.
Don't panic Its coming back.

LOL, gotta love Jim Carry,, Thanks for the great pic, it makes me laugh,,, I luv that stupid ass movie,,,, lol

lol yup
 I just like posting funny stuff for lolz, but I agree with you, in the heat of the moment it seems like bitcoin may crash future down, but HODL because mid/long term looks just fine.

[Nicholas-Carraway]

[/quote]


I began to study 4 years ago to become a aeronautical engineer which i am finishing in the next weeks.


[/quote]

I'll bet you have been studying how to build a new kind of airplane that only flies straight down?   

[tarmi]

- They want to buy bitcoins => Bitcoin price goes up
- They are paid trolls by some who want to disturb the scene => The puppetmasters want to buy => Bitcoin price goes up.
Never does a bear have any teeth to force the price down. The bear can only buy, which makes the price go up.
(the converse for bulls ofc)

up from where, genius?

[JorgeStolfi]

WTF? This is NOT really news, is it?  What is the change, exactly that supposedly took place since we found out about this in December 2013, no?

Well, it seems that most of the Chinese exchanges were still using bank transfers to/from corporate accounts and some form of payment through 3rd party processors (prepaid cards?) for CNY deposits and withdrawals.  Even BTC-China, which avoided banks after the December decrees, eventually started doing the same.

One by one, the exchanges are reporting now that those channels are being closed; most are suspending CNY deposits, one (BTC38) suspended also CNY withdrawals it seems, another (FXBTC) said it will stop CNY withdrawals next Sunday.

It is not clear exactly which of the two methods are closed in each case (I do not know exactly how the "cards" they use work).  However, on the whole it seems that deposits through both channels are being blocked already, it is just a matter of days; and withdrawals very probably will be blocked too soon afterwards.

The Cryptocoins News article dis not mention BTCTrade; that was one more for the list.

[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.

We have already met all three sufficiently for the price to rise....  at least 1 and 2, which seem the most potentially relevant to this lame-ish description of prerequisites.

 Regarding #2 we have been between $420 and $599 for about 3 weeks... that is quite a long time.

Actually, regarding #3, this is NOT any kind of necessary prerequisite

No, it isn't so, sorry.
"400 is the bottom" has been the most popular belief and fools are still cheering for bitcoin going up. There has to be something stronger, that will shake the fools. Always exit an market when fools enter, and always enter the market when fools exit. And don't ever enter the market, that everyone is talking about, or else you will be the fool. Right now there is a lot of agony from those who bought at the top of the last bubble, but there has to be total desperation with dramatic finishing speeches etc. Then you know that the market is set to buy in.

The more you attempt to explain, the less sense that you make.

+1  

The market is awash with people who definitely have no coin but apparently are very interested in it, otherwise they would not spend their time talking about it. Hence,
- They want to buy bitcoins => Bitcoin price goes up
- They are paid trolls by some who want to disturb the scene => The puppetmasters want to buy => Bitcoin price goes up.

Never does a bear have any teeth to force the price down. The bear can only buy, which makes the price go up.
(the converse for bulls ofc)

It is quite simple to invest when you know the rule that it is the least risky to enter when there is most bearishness around. Almost nobody has any coins to sell, and every bearish post is a proof of craving to buy lower, and if this is not granted, panic buy higher.

I would probably like to buy some altcoins if the investment will look profitable enough. I'm interested in BTCs price, mainly because altcoins are strongly linked to it. And of course I'm interested that BTC would stop this slow downfall and start a new upwards trend. But it can only happen with important positive developments in the market system or if the price is low enough, that there really isn't any room left. And these solid lows won't exist short-term, but these lows will last weeks or months, like they always do. It seems like you guys don't even understand the basic knowledge on trend reversals, or you are playing dumb and manipulating others to buy.

[JayJuanGee]

^ A+

If someone ignores me and i´m quoting him, the chances are about 97% that he will me unignore me and read my post.
 

It´s all a big fuckin trap.

Gotcha Magicmexican

YOU are pulling those statistic (97%) out of your ass, just like you do with BTC predictions. 


Also, you would NOT be able to measure whether someone who had ignored you had read your post(s)... so you have no way of knowing, except if you were to do some kind of survey, which could give you some kind of probability, which I doubt that you have done any such survey (and if you did do a survey, out would probably be some kind of half-assed kind of survey, such as asking what Fonzie would do in such circumstances.. and FYI, a survey of 1 is NOT a proper survey. 

[magicmexican]

Pls stop quoting the smile-spamming boring clown. Its very annoying when you put some attention whore in ignore and someone keeps quoting him.

[Spaceman_Spiff]

And these solid lows won't exist short-term, but these lows will last weeks or months, like they always do. It seems like you guys don't even understand the basic knowledge on trend reversals, or you are playing dumb and manipulating others to buy.

Please check the chart of the last bubble before you call others "dumb".
I might have to retract my previous post already .... 

[fonzie]

^ A+

If someone ignores me and i´m quoting him, the chances are about 97% that he will me unignore me and read my post.
 

It´s all a big fuckin trap.

Gotcha Magicmexican

YOU are pulling those statistic (97%) out of your ass, just like you do with BTC predictions.  


Also, you would NOT be able to measure whether someone who had ignored you had read your post(s)... so you have no way of knowing, except if you were to do some kind of survey, which could give you some kind of probability, which I doubt that you have done any such survey (and if you did do a survey, out would probably be some kind of half-assed kind of survey, such as asking what Fonzie would do in such circumstances.. and FYI, a survey of 1 is NOT a proper survey.  

My BTC predictions have been right about 82% in the last months.
So as you did compare them to the above statistic.
The possibility about that magicmexican unignores me is now at least 79,54% by jayjuangee survey standards.

Edit: It is now 99,99% sure that he read it cause you have quoted me, of course only if he doesn´t ignore you as well.

[fonzie]

Pls stop quoting the smile-spamming boring clown. Its very annoying when you put some attention whore in ignore and someone keeps quoting him.

If you please could confirm that you have read this, i would promise to go offline for at least 20 hours!

[JayJuanGee]

Always exit an market when fools enter, and always enter the market when fools exit. And don't ever enter the market, that everyone is talking about, or else you will be the fool. Right now there is a lot of agony from those who bought at the top of the last bubble, but there has to be total desperation with dramatic finishing speeches etc. Then you know that the market is set to buy in.

The more you attempt to explain, the less sense that you make.

+1  

The market is awash with people who definitely have no coin but apparently are very interested in it, otherwise they would not spend their time talking about it. Hence,
- They want to buy bitcoins => Bitcoin price goes up
- They are paid trolls by some who want to disturb the scene => The puppetmasters want to buy => Bitcoin price goes up.

Never does a bear have any teeth to force the price down. The bear can only buy, which makes the price go up.
(the converse for bulls ofc)

It is quite simple to invest when you know the rule that it is the least risky to enter when there is most bearishness around. Almost nobody has any coins to sell, and every bearish post is a proof of craving to buy lower, and if this is not granted, panic buy higher.

I think this dude is getting too much shit here for making bearish posts.   Sure he is a FUDster, and he might be wrong in his predictions (I have no idea really), but what he says here isn't that crazy to justify the amount of flack, is it?
To me, that might signal that some bulls are starting to feel uneasy.
Or I might just be looking for sentiment indicators too much, and am starting to see things 

He says some pretty stupid shit, too....  like to say that the bulls gotta be fighting and irritated before the market is gonna go up... And, there were some other dumb things too, like he admires trolls and I am sure there is more, but there is NOT enough time in a day or life to be wasting in looking back for some more examples... ...

Surely, everyone says dumb things once in a while, but somethings cross lines... ... and maybe newer posters should be more careful to attempt to build some credibility before the get too far into the crap content posts... no?  I am just one opinion.. so really does NOT matter too much what I think.

[MinermanNC]

Well when I got home from work round 3:30 BTC at 430 Now over 1.5 hours its up to about 438 ish, . So, at this rate we should be back to around 485 or so by Midnight, EST. lol...... ya maybe wishful thinking a bit

[Spaceman_Spiff]

He says some pretty stupid shit, too....  like to say that the bulls gotta be fighting and irritated before the market is gonna go up... And, there were some other dumb things too, like he admires trolls and I am sure there is more, but there is NOT enough time in a day or life to be wasting in looking back for some more examples... ...

Surely, everyone says dumb things once in a while, but somethings cross lines... ... and maybe newer posters should be more careful to attempt to build some credibility before the get too far into the crap content posts... no?  I am just one opinion.. so really does NOT matter too much what I think.

Yes, I just became aware of that.  I haven't been lurking these forums as frequently as I used to, so I might be out of touch a bit   .

[JayJuanGee]

In the mean time....Russia is on the verge of invading eastern Ukraine...

That is almost like predicting BTC prices.  Is it really going to happen, and if so when, and by how much... whatever... sounds like the topic of another thread, even though these kinds of events could affect BTC prices b/c of supply and demand in the event that BTC were to be increasingly implemented or used b/c of these kinds of world events.

[MinermanNC]

In the mean time....Russia is on the verge of invading eastern Ukraine...

That is almost like predicting BTC prices.  Is it really going to happen, and if so when, and by how much... whatever... sounds like the topic of another thread, even though these kinds of events could affect BTC prices b/c of supply and demand in the event that BTC were to be increasingly implemented or used b/c of these kinds of world events.

Great response btw

[Mervyn_Pumpkinhead]

And these solid lows won't exist short-term, but these lows will last weeks or months, like they always do. It seems like you guys don't even understand the basic knowledge on trend reversals, or you are playing dumb and manipulating others to buy.

Please check the chart of the last bubble before you call others "dumb".
I might have to retract my previous post already ....  

What gives you the idea, that something this dynamic like the crypto market, will continue the same simple pattern of expansion year after year?
Do you really think think that the pattern of previous years is all that we need, and we shouldn't concentrate on issues like BTC loosing the trust of general public, or losing any of the business that is left in China?

Really?

[MinermanNC]

Might be a promising development:
http://arstechnica.com/business/2014/04/bitcoin-atm-goes-to-capitol-hill-lawmakers-invited-to-demo-next-week/

Nice" You best believe, that if BTC gets widely excepted in the US and has some decent regulation, China won't just sit there and let the world pass it by with new technology. Soon we will be hearing news that PBOC has reversed it decision to ban bitcoin and is installing ATMS through out Beijing. Then people will be clamoring to buy some BTC again lol

[Spaceman_Spiff]

And these solid lows won't exist short-term, but these lows will last weeks or months, like they always do. It seems like you guys don't even understand the basic knowledge on trend reversals, or you are playing dumb and manipulating others to buy.

Please check the chart of the last bubble before you call others "dumb".
I might have to retract my previous post already ....  

What gives you the idea, that something this dynamic like the crypto market, will continue the same simple pattern of expansion year after year?
Do you really think think that the pattern of previous years is all that we need, and we shouldn't concentrate on issues like BTC loosing the trust of general public, or losing any of the business that is left in China?

Really?

What gives you the idea that you can call people dumb and manipulators, when the counter-example of your "basic knowledge" is staring you right in the face with the previous fricking bubble.  

Really?