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

[octaft]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

Calm down. The guy is a self professed newbie who prefaces like 90% of his questions with "newbie question." He's not the troll you are looking for. Drink some tea or something, goddamn.

[billyjoeallen]

WTF is happening, why are we plunging again?

This isn't a plunge. This is boring. What, you thought the market would just automatically go up forever from the exact moment you bought?

Why yes, yes we did 

Gonna look forward to taking your coins off of you. The best way to make money is to have money and patience. Day trading isn't luck. It's a job. You are the liquidity provider for the market. You provide dollar liquidity when it's needed and BTC liquidity when it's needed. The way you can tell if you are doing your job well is by selling at a profit. We make a lot of bets and most of them lose. The few that win pay off big.  Cutting your losses is an essential part of the job.

It will likely cost you a lot of money before you get the hang of it. It's kind of like being a poker pro except you actually provide something to society besides entertainment. I'm still learning. Bitcoin's historical volatility shows that we really need good traders. Good traders help reduce volatility. They eat it. Guys like you just function to pay off the good ones.

You don't have to believe in Bitcoin to be a good trader. In fact, it's often a liability. We tend to project our desires onto the market. You need to understand order flows.

[MinermanNC]

WTF is happening, why are we plunging again?

You call $7,- a plunge?

Man, get your shit straight.

Calm down. The guy is a self professed newbie who prefaces like 90% of his questions with "newbie question." He's not the troll you are looking for. Drink some tea or something, goddamn.

That's right

[kurious]

AFAIK the reversal from ~Dec/19 to ~Jan/6 has an obvious explantion: Huobi concluded that they could still operate via bank accounts instead of the big 3rd party processor (Alibaba?), and their clients gradually migrated to that medium.  In fact their volume increased after Dec/16, perhaps because OKCoin and BTC-China clients moved in.

Shit, just bought 900 LTC on market by mistake  

BTW newbie question: what does consolidation mean in this context?

I realized I have probably never said it - I love you all! This is such community and thread, much wow!!1 <3

So, since you have popped in, how long til we get a head of steam up again and this all calms down (to enable a base for a decent rise)?

I note and agree with your points about exchange confidence keeping money off the exchanges in any depth, but greed will surely conquer wariness at some point.

I would welcome your thoughts on timescale back to a decent bull market - a month, three...  longer?

[BBmodBB]

HAHA DELETING POSTS I SEE WHO IS SHORT NOW BITCHES!!!!=)//^LOL WEEEEEEEEEEEEEEEEEE

[MinermanNC]

Right now watching BTC is about as exciting as watching grass grow  

[kurious]

Right now watching BTC is about as exciting as watching grass grow  

For me, last night the grass put on a pretty interesting show.

We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience.

[podyx]

Right now watching BTC is about as exciting as watching grass grow  

You're a lucky man

I happen to have a very great taste in movies, would you like any recommendation? Genre?

[MinermanNC]

Right now watching BTC is about as exciting as watching grass grow  

For me, last night the grass put on a pretty interesting show.

We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience.

"We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience."

that's beautiful   lol

[MinermanNC]

Right now watching BTC is about as exciting as watching grass grow  

You're a lucky man

I happen to have a very great taste in movies, would you like any recommendation? Genre?

Actually its back outside for me...74 and a gorgeous day in the south  yard work awaits 

[podyx]

Alright

[kurious]

Right now watching BTC is about as exciting as watching grass grow  

For me, last night the grass put on a pretty interesting show.

We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience.

"We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience."

that's beautiful   lol

Well.... poetic license aside - it's true, it does!

You have been around long enough to see people freaking out at amazing rises and crying over crashes.

And we are here for the long game and we love it - we are junkies.

Most of the hours I have spent here have been (as you said) like watching paint dry - but every now and then, it's been seriously 'can't tear myself away' exciting.

And who knows, we might be changing the world a little, right?

[JorgeStolfi]

Neo&Bee news, may be of interest:

  Cyprus police issues arrest warrant for bitcoin entrepreneur
  http://cyprus-mail.com/2014/04/11/cyprus-police-issue-arrest-warrant-for-bitcoin-entrepreneur/

  More comments on the thread: https://bitcointalk.org/index.php?topic=529946.msg6175206#msg6175206

[ChartBuddy]

Explanation

[Mervyn_Pumpkinhead]

So..
Huobi is the highest and BTC-E is the lowest. Any of you kids care to explain on why is this happening?

[hdbuck]

Neo&Bee news, may be of interest:

  Cyprus police issues arrest warrant for bitcoin entrepreneur
  http://cyprus-mail.com/2014/04/11/cyprus-police-issue-arrest-warrant-for-bitcoin-entrepreneur/

  More comments on the thread: https://bitcointalk.org/index.php?topic=529946.msg6175206#msg6175206

so basically, this whole NeoBee story is about some scammy entrepreuneur that presented himself as some cyprus savior, raised shitload of btc and went off radar?
so much scams in bitcoinland, cant bother to follow them all.

[andyatcrux]

So..
Huobi is the highest and BTC-E is the lowest. Any of you kids care to explain on why is this happening?

I would venture to guess that it is because the Chinese are the first to figure out that they will be able to continue trading, despite the inconvenience of not using the PBOC to fund the current exchanges they use. But it could certainly be a continuation of the manipulation we watched on the way down to 340.

[MinermanNC]

Right now watching BTC is about as exciting as watching grass grow  

For me, last night the grass put on a pretty interesting show.

We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience.

"We watch and wait for the moment there is a bloom of excitement.  Every now and then it rewards our patience."

that's beautiful   lol

Well.... poetic license aside - it's true, it does!

You have been around long enough to see people freaking out at amazing rises and crying over crashes.

And we are here for the long game and we love it - we are junkies.

Most of the hours I have spent here have been (as you said) like watching paint dry - but every now and then, it's been seriously 'can't tear myself away' exciting.

And who knows, we might be changing the world a little, right?

Hey I  know where your coming from,,, I luv everything about bitcoin and I am a junkie ,,,  there I said it lol

[MinermanNC]

Neo&Bee news, may be of interest:

  Cyprus police issues arrest warrant for bitcoin entrepreneur
  http://cyprus-mail.com/2014/04/11/cyprus-police-issue-arrest-warrant-for-bitcoin-entrepreneur/

  More comments on the thread: https://bitcointalk.org/index.php?topic=529946.msg6175206#msg6175206

Good that should come as good news and boost btc price! lol

[coins101]

Right now watching BTC is about as exciting as watching grass grow  

Actually, I find watching grass grow quite exciting.