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

[David M]

Dogecoin is a good bet though.  It hasn't been through as many hype cycles.  Also, no deflation problem.

As an owner of Doge, can I just say WTF?

This is not about the "vibe", this is about hardcore P2P crypto software vs the rest of the world.

[chessnut]

Also, no deflation problem.

deflation is not a problem at all with BTC.

BTC is a problem for you if you don't like deflation.

lol making perfect sense right there. you should short some more BTC you smart cookie  

[BBmodBB]

Also, no deflation problem.

deflation is not a problem at all with BTC.

BTC is a problem for you if you don't like deflation.

lol making perfect sense right there. you should short some more BTC you smart cookie  

how do you go short BTC? =\ tia!

[fonzie]

What coins are about to arrive first  on Bitstamp to crash the market further?

1. chinese coins
2. BTC-E former altcoins that got converted back to BTC to get out of this deadly downwards spiral
3. desperate miner coins
4. just the usual hacker/thief/Bitcoin foundation member coins

[chessnut]

how do you go short BTC? =\ tia!

Bitfinex.com

[JayJuanGee]

...
I agree with you about the need to establish prices outside of exchanges - or at least in some kind of manner that is more difficult to manipulate.....    .... and that way the BTC price would reflect overall demand and adoption better...    This may improve with large adoption and larger market cap.. lets say if the market cap was 1 trillion or more... but we even know that gold prices are manipulated. and that gold is 7 trillion market cap.

I'm not sure a high market cap would help as the more mainstream it gets the less reason there is to have it on an exchange unless exchanges can guarantee security equal to a paper wallet but that's more or less the same situation as gold and gold exchanges worked ok for centuries. I'm watching Open Transactions closely, it has a lot of potential and might could be an improvement on exchanges but its a long time in development.

WE may be talking about the same thing or maybe in different languages; however, I though that various projects such as master coin and colored coins and maybe Nxt, were supposed to be mechanisms that are being built in order that we do NOT heed to entrust 3rd parties... anyhow, maybe those kinds of entities will help to establish price in a broader way and a NON centralized way and less vulnerable to manipulation.

[adamstgBit]

*raises hand*

I've seen this dozens of times but not sure if I'm understanding it right. Please clarify bull, bear, bull/bear trap, fud, ta, hodl, red candle, green candle, firecracker, sparkler, etc?

Bulls expect the value to go up so hold their investments and ride it up. Bears are more like chicken little, the sky falls every time there's a drop, so they freak out, sell off and doom the thing to hell. Bulls like it when bears panic sell because the rates to buy are way low...and then a rally happens when people - the bulls - and whoever else start buying up fast, which increases the price/value and makes everyone's investments worth more at the end but meanwhile bears and bulls like to scare the crap out of each other to see which one caves first?

Is that about close?

Yes? No? Sorta? Thanks!  

You're quite right! Also, fud means "Fear, uncertainty and doubt", usually used for unconfirmed bad news that bears use to crash the market. TA is trend analysis, which means making educated guesses based on charts. Green candle=price up. Red candle=price down. Hodl=hold, ie not sell. A bear trap is a short-term drop in price while the market is in uptrend (trap because bears lose money there, if they believe that the short-term downtrend is actually medium or long-term).
Have fun

lets put all that into practice

TA from ATH to today clearly shows that the FUD made what should have been more Green candles, Red candles, and a mid term bear trap has been painted, Hodlers have confirmed that they are in fact HODLING.

[aminorex]

Also, no deflation problem.

deflation is not a problem at all with BTC.

BTC is a problem for you if you don't like deflation.

lol making perfect sense right there. you should short some more BTC you smart cookie  

hey you can always buy it back cheaper, right?  cleverest thing ever.  what could go wrong?

[chessnut]

hey you can always buy it back cheaper, right?  cleverest thing ever.  what could go wrong?

you asking me like you are unsure.

this is reversal territory. you are all at risk of being squeezed.

there is no rest for a bunch of back stabbing bears.

[fonzie]

I am also new in here.
Could someone please explain me the difference between FUD and facts? Is there a straight line?
I´m a bit confused.
Thanks
Fonzie

[JayJuanGee]

Can you guys stop feeling entitled to a rally every 9 months and accept for once that bitcoin is in a downtrend and stop calling everything FUD? It's getting old and doesn't help anything.

such FUD

I am HODLING.

confirmed!

confirmed!

hodler unit unite!, and confirm your willingness to HODL

I'm hodling. Expected a drop today, but not quite so big  

keep hodling!

do we have more hodlers?

 confirm your willingness to HODL!

I will confirm that I am mostly HOdling... but I cannot resist to buy a few here and there as the price gets lower... part of the reason for the buying is that i cannot tell if the price is going to go lower or not.. .so I want to keep buying.

[JayJuanGee]

Everyone expect china will dump more despite we sow that only 3party deposits are baned (what we should get over already in december)... It can happen that we will actually go up  

Actually two exchanges (BTC38 and FXBTC) reported receiving notices from their banks that deposits should be blocked.

Edit:  This week numbers from Second Market can be very big...  (or not)

This thread monitors SecondMarket's Bitcoin Investment Fund purchases:
https://bitcointalk.org/index.php?topic=337486.0
The fund is supposed to buy bitcoins only if and when other people choose to invest in them. (You buy 10 SMBIT shares, they buy 1 BTC for you and keep it safe. After some years they may allow you to liquidate: you return the shares, they sell 1 BTC for you and give you the money, minus fees.)

OK so now we are NO longer talking about 3rd parties but we are talking about banks... we already know that they cannot deal with banks.. that is NOT new.. the only thing  that would be new would be if they could NOT accept fiat from 3rd parties.. no?  what am I missing?

[fonzie]

1w EMA soon about to get intimate.
When that happens true holders will be seperated from wannabe holders.
I assume a lot of them will change to the latter one.

[aminorex]

hey you can always buy it back cheaper, right?  cleverest thing ever.  what could go wrong?

you asking me like you are unsure.

this is reversal territory. you are all at risk of being squeezed.

there is no rest for a bunch of back stabbing bears.

Hey, if I can laugh and troll bearish, we've not seen capitulation yet.  

Is that how it works?

[KeyserSoze]

It looks like even Professor Bitcorn owns Bitcoin:
http://www.reddit.com/r/Bitcoin/comments/221vse/professor_bitcorn_strikesagain/cgimlm8

[aminorex]

Price stability has arrived!  Henceforth, bitcoin will be fixed to the dollar at 427.50.  Yellen buys at 427.49, and Nabiullina sells at 427.51.  Thank goodness the central banks have stepped in.

[David M]

Could someone please explain me the difference between FUD and facts? Is there a straight line?
Thanks
Fonzie

If the quote comes from a government source = FUD

Facts are what you experience. i.e The places you can spend bitcoins.

[JayJuanGee]

Confirmed!
Will the price get lower the higher i get?

try it out and let us know about the results  

Knock yourself out!!!!  Break a leg!!!   

[David M]

1w EMA soon about to get intimate.
When that happens true holders will be seperated from wannabe holders.
I assume a lot of them will change to the latter one.

A true holder will not blink until July 2013 prices.

[seleme]

Everyone expect china will dump more despite we sow that only 3party deposits are baned (what we should get over already in december)... It can happen that we will actually go up  

Edit:  This week numbers from Second Market can be very big...   (or not)

This whole matter remains extremely confusing to me.  I thought the December 2013 disclosure of the news was that banks could NOT deal directly with exchanges concerning bitcoin but 3rd parties could.   And, this was supposedly effective February 1.   However, the later clarifications is to take away the 3rd party options to put fiat into exchanges through 3rd parties ... so that makes it unclear about the chinese options to get fiat into the btc exchanges...   The matter still has NOT been clarified exactly b/c BTCChina and Huobi have NOT announced that they are affected.

Am I missing something?

As far as I read out from coindesk article, deposits and withraws via bank accounts will still be possible... Also Lee wrote that down if I'm correct.

Mini rally just starting now.  personally don't think you will get $9.99 LTC.  at least not today]Mini rally just starting now.  personally don't think you will get $9.99 LTC.  at least not today

Yep and 10.5$ looks strong. I sold at 13.2$ so I have enough to speculate  
 

How strong it is means nothing really as it just follows bitcoin. If Bitcoin goes south, no strength will keep litecoin to stay north.