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

[magicmexican]

todays action would make more sense y-day

[1714672060]

1714672060

[jonoiv]

436 on btce

[oda.krell]

[...]

A kind of a self-fulfilling prophecy, yes. However, there was a 1w EMA downcross at the end of october 2013. How did that work out?

(a) Maybe I missed it, but I don't recall TERA specifying exactly which weekly EMAs crossed over, so it's hard to tell if you found a bad signal or not.

(b) That said, even if you did, keep in mind, we're not playing 'mathematical proof' here, where one counter example is enough. We're playing 'is my stochastic system better than a monkey throwing darts'. And if a signal is, say, right 3 out of 4 times, and assuming you have some form of risk control in place (basically something that allows you to let profitable positions run, while cutting short unprofitable ones), then there's a chance you have a system that beats the dart throwing monkeys*.


* Details very much matter of course, so the above is nothing but the most high level description of why history based trading works even if individual signals go wrong.

[fonzie]

Seems like a lot of people buying on Huobi (probably wall street), people must be realizing that the downtrend will be reversed soon. Within a few months price will be at 100k $ per bitcoin, I am holding and buying.

Yup that's exactly what the wall street big boys are trained to do - wire money to some strange unregulated chinese exchange that is less than a year old so they can buy a speculative commodity right as it's entering a 1W ema downcross.

 

[Davyd05]

LOOL the Canadian revenue agency had to shut down due to the risk of user data being comprised by heart bleed gg bitcoin dev > Canadian tax web devs lol

I did my buddies taxes just in timeeeeeee ahahaa

[fonzie]

Bullish news on Brazillian tax regime.  http://www.coindesk.com/brazil-tax-bitcoin-investors-everyday-users/

Yeah, unfortunately the bitcoin scammers are now looking to Latin America as the only remaining sucker tank.   

I´ll promise i´ll short Bitcoin even more as i´m planning to spend my next holiday at the coast between Recife and Fortaleza(praia de pipa, canoa quebrada, here i come ).
If it crashes real hard Brazil might consider their point of view and ban it.
Destroy Bitcoin support Brazil!

 

[ChartBuddy]

Explanation

[fonzie]

[magicmexican]

Bullish news on Brazillian tax regime.  http://www.coindesk.com/brazil-tax-bitcoin-investors-everyday-users/

Yeah, unfortunately the bitcoin scammers are now looking to Latin America as the only remaining sucker tank.   

I´ll promise i´ll short Bitcoin even more as i´m planning to spend my next holiday at the coast between Recife and Fortaleza(praia de pipa, canoa quebrada, here i come ).
If it crashes real hard Brazil might consider their point of view and ban it.
Destroy Bitcoin support Brazil!

 

Now back to ignore

[aminorex]

For the record, jonoiv has established himself as a liar.

Offers 2 methods only...  non of which are possible to westerners.  

Another lie.

Then re-evaluate your statement, then appologise, then confess there is only one liar in this discussion and it's not me.    

I am responding to your lies by pointing them out.

[Todorius]

[...]

A kind of a self-fulfilling prophecy, yes. However, there was a 1w EMA downcross at the end of october 2013. How did that work out?

(a) Maybe I missed it, but I don't recall TERA specifying exactly which weekly EMAs crossed over, so it's hard to tell if you found a bad signal or not.

(b) That said, even if you did, keep in mind, we're not playing 'mathematical proof' here, where one counter example is enough. We're playing 'is my stochastic system better than a monkey throwing darts'. And if a signal is, say, right 3 out of 4 times, and assuming you have some form of risk control in place (basically something that allows you to let profitable positions run, while cutting short unprofitable ones), then there's a chance you have a system that beats the dart throwing monkeys*.


* Details very much matter of course, so the above is nothing but the most high level description of why history based trading works even if individual signals go wrong.

Yes, you're right. I didn't want to question the use of TA in general, it indeed works in so far as that it gives you an advantage over noobs/sheep. Even if only works 51% of the time instead of exactly 50%, that is a win over random walk.
What I was questioning was the absolute certainty with which some people here seem to "know" what will happen based on some simple technicals.
The probability that something totally unexpected will happen is still brutally high!

[adamstgBit]

new poll

~10 hours till todays daily candle closes.

[nanobrain]

I would observe that the 1W EMA is always down crossing,

Reduced to calling people liars Aminorex, shame.

Desperate.
Very desperate.

[hdbuck]

you gotta be kidding me, french major retailer annouced to accept bitcoin within this year... im turning fucking bullish!

-> http://www.coindesk.com/french-retail-chain-monoprix-accept-bitcoin-payments-year/

CHOOOCHOOO  MOFOOOOSSSSS

edit: yeayyy im going to buy my groceries with bitcoins!

[JorgeStolfi]

I´ll promise i´ll short Bitcoin even more as i´m planning to spend my next holiday at the coast between Recife and Fortaleza(praia de pipa, canoa quebrada, here i come ).
 

You are most welcome, as long as you sell the bitcoins elsewhere and spend your real money here. 

[CoinHamster]

The large 330 EUR wall at Kraken has just been set to two small 325 EUR and 320 EUR walls!

The large 326 EUR wall at BTC-e still remains...

...is there someone running out of money or is this the beginning of the dump?
 
 

[fonzie]

I just closed 5% of my shorts to have some real coins to additionally hedge against the Bitcoin downfall by buying precious SR goods with it. That´s a bit bullish i guess.

[dreamspark]

you gotta be kidding me, french major retailer annouced to accept bitcoin within this year... im turning fucking bullish!

-> http://www.coindesk.com/french-retail-chain-monoprix-accept-bitcoin-payments-year/

CHOOOCHOOO  MOFOOOOSSSSS

edit: yeayyy im going to buy my groceries with bitcoins!

Pretty darn bullish, grocery shopping is one of the missing links in being able to live totally on BTC.

[Davyd05]

http://www.reddit.com/r/Bitcoin/comments/22lvuk/some_internet_users_get_the_message_through/

nope just china being china

[aminorex]

I would observe that the 1W EMA is always down crossing,

Reduced to calling people liars Aminorex, shame.

Desperate.
Very desperate.

Anything else would be a dis-service to those who are being deceived.   Those who promulgate lies do not require my comfort or aid.