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

[Chalkbot]

[MinermanNC]

If you guys are really bored and want to spend some BTC tonight just to get your minds off of things, go buy up some new JennyCoin and do a little Alt trading. My miners are setup, pointed, ready to hash, and ready to sell on cryptoaltex.com

Mining starts in about 4 hours

https://bitcointalk.org/index.php?topic=527919.0

[ChartBuddy]

Explanation

[chessnut]

I prefer this one

CHECK - MATE

[chessnut]

No, we were staring in horror at the 1w, 3d and 1d charts.

in horror? why? are you shotr?

 

[jonoiv]

Not sure what your talking about!

Are you saying we are not at a crossroads / pivotal point?

Or are you saying, that the chart is wrong ?    the chart is Huobi,  not stamp.     it's the huobi 15 min chart!

[Mervyn_Pumpkinhead]

Dudes, no offence and all.. but...
could you just for one day.. maybe confess just to yourself.. that drawing these little lines on these littles graphs is just a method to justify your gambling problems?

[octaft]

I prefer this one

CHECK - MATE

Descending triangle?

[chessnut]

Dudes, no offence and all.. but...
could you just for one day.. maybe confess just to yourself.. that drawing these little lines on these littles graphs is just a method to justify your gambling problems?

I dont think you understand our objectives.

any old pumpkin head can see bitcoin is a good risk investment. but if you want to pay double the fair price...... go ahead! TA is risk management no more.
 
DONT come to a speculation forum and make fun of the TA.

[chessnut]

Descending triangle?

No. just a wedge. it only means consolidation. you cannot derive more than that.

[JorgeStolfi]

Market Cap Comparisons:
[ ... ]

As others have pointed out, "market cap" is not very meaningful for a "stock" whose price is entirely speculative and which has large hoards that were bought by minuscule prices.

If I start a StolfiCoin with 1 trillion pre-mined coins, and manage to sell ONE coin to a kid for ONE dollar, my market cap will immediately be 1 trillion dollars. 

A more useful measure (but wrong in the opposite sense) would be the amount invested: the sum, over every coin or fraction thereof, of the USD amount paid in the LAST transaction of that coin or fraction.  Satoshi's coins, fr example, would contribute zero to this sum.  For bitcoin, I suspect that this number will be well below 1 billion USD.

Another measure, would be: if all the current owners decided to auction all their bitcoins -- say, within the space of a month -- to the people who do not own any bitcoins now, how much money would they get,?

[Chalkbot]

Not sure what your talking about!

Are you saying we are not at a crossroads / pivotal point?

Or are you saying, that the chart is wrong ?    the chart is Huobi,  not stamp.     it's the huobi 15 min chart!

Well, I'm generally known for not taking charts seriously, like, at all. My illustration shows the price refusing to make a decision at "decision time", hence his (her?) utterance of "Nope" as he/she travels backward in price space time.

...obviously.

[jonoiv]

here what it looks like now.  as you can see it broke out a little, but lets see where it is in 80 mins.

[adamstgBit]

Poll Results:
 

485 or more   - 10 (10.4%)
470   - 11 (11.5%)
455   - 26 (27.1%)
440   - 26 (27.1%)
425   - 9 (9.4%)
410   - 3 (3.1%)
395 or less   - 11 (11.5%)

the closest price for todays daily close of 452.2 is 455
27.1% got it right with 26 votes

My vote was 455, right on the money  

well done all.

The next poll will start immediately, voting will be locked 2 hours before the daily candle closes at 8:00PM EST, you don't have to vote right away, but be sure to have your votes in before 6:00PM EST Tomorrow.

[Mervyn_Pumpkinhead]

Dudes, no offence and all.. but...
could you just for one day.. maybe confess just to yourself.. that drawing these little lines on these littles graphs is just a method to justify your gambling problems?

I dont think you understand our objectives.

any old pumpkin head can see bitcoin is a good risk investment. but if you want to pay double the fair price...... go ahead! TA is risk management no more.
 
DONT come to a speculation forum and make fun of the TA.

nah, dude, bitcoin is currently an high rish, low reward investment
alts are interesting though

I'm not making fun of you guys.. just try to relax.. you are so serious about subjects that shouldn't be taken serious at all

[jonoiv]

Not sure what your talking about!

Are you saying we are not at a crossroads / pivotal point?

Or are you saying, that the chart is wrong ?    the chart is Huobi,  not stamp.     it's the huobi 15 min chart!

Well, I'm generally known for not taking charts seriously, like, at all. My illustration shows the price refusing to make a decision at "decision time", hence his (her?) utterance of "Nope" as he/she travels backward in price space time.

...obviously.

fair enough..  lol

I used to think I had all the answers.  Over the last year or so I have come to the conclusion, I know very little.  

[Chalkbot]

I miss the good old days. Posting one of my old charts for the long timers in here:

[billyjoeallen]

Sure, but you could also wind up winning more. Depends on how bearish the bettors are.

It's better to wait to bet until the bet soon closes

Yeah, probably best to wait until the last minute since the payout is changing. I would never make a bet where the odds could change.

What do you think day trading is? That's exactly what we do.

[spooderman]

^^^^^awesome

edit: shiiiit it would take me to a new page when I was referring to the post above me someone delete a thread from the last page?

[chessnut]

nah, dude, bitcoin is currently an high rish, low reward investment

you make me LOL so hard. what a joker. every bubble brings more people like you. every. single. one.