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

[PoolMinor]

It is time for some TCB, yes?

TCB?

Trust
Certainty
Belief

[chromosoma]

May it be the ultimate pump before deadly dump?
I just can't imagine, if i was chinese with  10K BTC, and need to exit  in few days?
how the hell do you sell  all your bitcoins ? There are not enough buyers for such volume...

[podyx]

stamp wall slowly getting eaten

Gents, I believe this is the reversal

[bitcoinsrus]

It is time for some TCB, yes?

TCB?

Trust
Certainty
Belief

Thanks, I appreciate it.

[podyx]

bears having a terrible hangover?

[octaft]

kinda disappointed, billy was a good bull, then he tried leverage, never been the same since.

They say don't risk more than you can afford to lose. Your mind is clearly more than most can afford to lose.

[rjp55]

bears having a terrible hangover?

Too early for this, way too early. And I'm a bear hating bull.

[Walsoraj]

Bulltrap in progress.

[podyx]

Bulltrap in progress.

That's the spirit!

[gibbtek]

Gents not sure if this has been asked here (certainly not recently I think) but what do guys think the price will do when the last bitcoin is mined?

Just imagine if we were all looking forward to Monday's headlines

"Last new bitcoin ever was mined last night at xx:xx!"

"All bitcoins that will ever be are now in somebody's hands"

...

"Don't have a bitcoin?? where have you been for the last x years!?!?!?"

[EDIT] I know it's maybe ahead of time for this question, but still, we're not running out of pages here I think

[JorgeStolfi]

Chinese Slumber Method prediction for Sunday April 06

Prediction valid for: Sunday 2014-04-06, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 2874 CNY.
Bitstamp's predicted price: 466 USD.


Plot legend


This last data point was not too bad (S = 0.0038, W = 0.745), and almost aligned with the previous two points. Therefore it seemed appropriate to use again a straight trend line, defined by least squares on the last three Slumber points - namely, A + B*(d-d0) where d-d0 is the number of days since Apr/03, A = 2667.94, B = 68.82.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.17 CNY/USD (it was 6.20, 6.13, 5.96 at the last three Slumber Times).
 
Checking the previous prediction

Prediction was posted on: Saturday 2014-04-05, 02:41 UTC
Prediction was valid for: Saturday 2014-04-05, 19:00--19:59 UTC (~16 hours later)

This was an easy hit:

Huobi's predicted price: 2796 CNY.
Huobi's actual price (L+H)/2: 2808 CNY
Error: 12 CNY (~2 USD)

Bitstamp's predicted price: 461 USD.
Bitstamp's actual price (L+H)/2: 453 USD
Error: 8 USD
 
NOTE: See the previous note.

[podyx]

Sell walls getting pulled

Looks like we are heading north from here boys!

[adamstgBit]

nobody panic, billy's gana max leverage and post us a nice 25BTC wall real soon, cheap coins for all!

[podyx]

It's really sad to see billjoe go to be honest

I remember reading his post in 2011 riding the pig wherever it took him
That post was a small part of why I moved into bitcoin

[billyjoeallen]

nobody panic, billy's gana max leverage and post us a nice 25BTC wall real soon, cheap coins for all!

I got 3 for sale at the low low price of $465.99 !!!

[aminorex]

Hey bja, that offer of $556 btc. -- how long is that offer good for?

[TERA]

[Richy_T]

I appreciate seeing these instructive charts, yet one thing is that they do NOT seem to have predictive value, until after the price has gone one direction or another, then you will describe what it "was" that was being observed.  In other words, whether it is a bear or a bull, they look the same, until the break out takes place.

Yes. At which point you either boast about your fantastic powers of prediction or maintain a discreet silence.

[ChartBuddy]

Explanation

[podyx]

It's fucking happening

I'm probably moving in with my last couple of grands on monday