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

[Hypnoise]

Le pump incoming?

dead-cat bounce: il n'a pas le jus pour rester.

[JayJuanGee]

Whoever is operating the Death Bot is paying a lot of money to buy high and sell low. Why? One possible reason is to test market price and order resiliency. This person likely has a massive amount of cash and coins to control and the Death Bot is merely an operating expense.

This is very different than Willy. It's shown up on multiple exchanges, so it's probably not an exchange operator. That's a good sign, but it means the market is getting more sophisticated. Smart people are taking money from dumb people and I'm getting the sinking feeling that I'm one of the dumb people.

I don't have enough information to trade, so I'm not going to.

Personally, I do NOT think that this is a matter of being smart or dumb.  When someone is using their capital to manipulate, you cannot predict that when they do it in unpredictable ways.  Surely it is easier to predict if there a bunch of them and they may be having more trouble to coordinate. 

You are NOT the first one to point out that sometimes these bots or whales are purposefully running at a loss, but they can only sustain it for so long - but generally, they can sustain it much longer than the tolerance of a bunch of us regular people put together.

[ChrisML]

Cant wait for tommorow. EPIC.

[roslinpl]

Ding ding ding last days low priiiiiiiiiice......last offer to buy cheaaaaaaaap!

I agree 100%

Be prepared!

[EuroTrash]

Meh. A single whale made one market buy.

Rpietila, was that you?

[mah87]

Bitcoin better tradding tools, need more vote thank you

https://bitcointalk.org/index.php?topic=558348

[zakalwe]

Meh. A single whale made one market buy.

Rpietila, was that you?

Hmmmmm litecoin also spiked up.......

[aminorex]

The only real problem I see with mining is centralization.

Centralization will be the beginning of the gentrification of Bitcoin.  Once it is centralized it can be controlled by banks and governments.

Agreed.  But its a solvable problem.

Please elaborate.

I addressed one solution above.  Other ameliorating factors can be introduced.  For example, mining could be moved to side-chains with small, fast block rewards.  This would not penalize current miners but would make it easier for amateurs to add distribution without throwing in to a big pool.  Anything that leads to more, smaller pools would be good.  It works because the side-chains would be merge-mined with the bitcoin 1.0 chain.

[Hypnoise]

Meh. A single whale made one market buy.

Rpietila, was that you?

Hmmmmm litecoin also spiked up.......

fuckin' dead-cat-bitch

[sir faps]

Cant wait for tommorow. EPIC.

Epic... fail?

[JayJuanGee]

Ding ding ding last days low priiiiiiiiiice......last offer to buy cheaaaaaaaap!

It's likely to get pushed down at least one more time today..

maybe we will see $360? 
 

[aminorex]

Personally, I do NOT think that this is a matter of being smart or dumb.  When someone is using their capital to manipulate, you cannot predict that when they do it in unpredictable ways.  Surely it is easier to predict if there a bunch of them and they may be having more trouble to coordinate. 

You are NOT the first one to point out that sometimes these bots or whales are purposefully running at a loss, but they can only sustain it for so long - but generally, they can sustain it much longer than the tolerance of a bunch of us regular people put together.

In 2007, I failed my job application at D.E. Shaw by cocking up a question on what I later learned was minority games.  L'espirit d'escalier is a bitch sometimes.

[zakalwe]

Meh. A single whale made one market buy.

Rpietila, was that you?

Hmmmmm litecoin also spiked up.......

fuckin' dead-cat-bitch

Someone's buying.....simultaneously all markets had a little spike.

Let's see what happens.
 

[jonoiv]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

Based on the fact he's a permanent uber-bull troll!

Yeah.. get your unsubstantiated digs in - and certainly, you are out of context, here, which seems to be your M.O. to spout out a bunch of shit, out of context.

Don't care to carry on a conversation with a delusional extremist.  I can't think of an opposing bear that would balance your strange and frankly outlandish claims.  The nearest reverse mirror image might be Igorr.  But igorr backs his claims up with some TA that does justify his point of view.   You just talk rubbish, over, and over again, a constant stream of verbal diarrhea.  The reason? I can only hazard a guess.  

So maybe you will put me on ignore, then? 

You seem to be resorting to name calling, again, without any real basis.  I sense that it is much easier for you to stick with easy terms and conclusions rather than responding to logic or reason or good faith attempts at communicating substance.

I cannot summarize what i do in this thread as succinctly as your conclusory assertions, but sometimes I am responding to other posts, such as yours, sometimes I am talking about my own personal decision-making process when trying to decide whether to buy or sell BTC and sometimes I am trying to predict the direction of BTC prices. 

Generally, I am NOT trying to persuade others whether they should buy or sell or hodl, even though sometimes those words are in my vocabulary and i do use them from time to time to asssert a sort of prediction of the best strategy at the moment.

I have no problem with bearish predictions, except to the extent that there may be some disinformation contained within some of the bearish posts (sometimes the disinformation seems purposeful and other times such disinformation may NOT have been purposefully propagated), especially in these last several months the bearish predictions seem to have been correct b/c there has been a downward price trend, as we all know. 

Really few of us can really predict the direction of BTC prices, yet some of us just do our best to attempt to decide what to do personally to account for the risk within our own investment priorities.  This thread can be helpful to get current and historical information - if one can get passed some of the FUD information - which generally seems a lot more prevalent on the long-term bear-side of the camp.  Short-term bear may be a different story about making a prediction that may be based on actual facts to the best that they can be known.

Regarding perma-bull name.  I am generally bullish in the long term, but NOT perma-anything.  If there are facts that get me to change my perspectives about bitcoin, then I will reconsider my investment and my investment strategies.

I really don't know what to say to you.  Really you need to re-read all your posts.  

You miss quote people, you only read what you want to read, you troll the same stuff over and over, you make false accusations.   You say things like "You seem to be resorting to name calling, again,"  after i responded to your "spout out a bunch of shit".


I tried to offer the olive branch the other day.  But I decided today there is no point with people like you.  You have your mind set and don't care what others think.

You are really are either a troll or worse yet you believe the drivel that comes out of your cake hole, end of story.    

[pjviitas]

The only real problem I see with mining is centralization.

Centralization will be the beginning of the gentrification of Bitcoin.  Once it is centralized it can be controlled by banks and governments.

Agreed.  But its a solvable problem.

Please elaborate.

I addressed one solution above.  Other ameliorating factors can be introduced.  For example, mining could be moved to side-chains with small, fast block rewards.  This would not penalize current miners but would make it easier for amateurs to add distribution without throwing in to a big pool.  Anything that leads to more, smaller pools would be good.  It works because the side-chains would be merge-mined with the bitcoin 1.0 chain.

Are you of the opinion that difficulty will continue to increase?

[JorgeStolfi]

Sellers spin it up and Buyers spin it down...an idiot is someone who doesn't spin it at all.

[JayJuanGee]

Today something dawned on me:

We can actually start seeing signs of "sellers' exhaustion" in volume and price action, but what is fascinating is that, different from the previous cycle, there is no sign yet of "buyers' appetite" re-appearing correspondingly.

Despair

Don't think so. "Apathy" is more like it, imo.

I think a lot of people are getting tired of the bullshit... and probably thinking that BTC prices should be more in line with the fundamentals.. in the $750-$850 arena.

$750 valuation based on what?

Ya based on what?

For me everything seems to be pointed toward $9.99

Based on the fact he's a permanent uber-bull troll!

Yeah.. get your unsubstantiated digs in - and certainly, you are out of context, here, which seems to be your M.O. to spout out a bunch of shit, out of context.

Don't care to carry on a conversation with a delusional extremist.  I can't think of an opposing bear that would balance your strange and frankly outlandish claims.  The nearest reverse mirror image might be Igorr.  But igorr backs his claims up with some TA that does justify his point of view.   You just talk rubbish, over, and over again, a constant stream of verbal diarrhea.  The reason? I can only hazard a guess.  

So maybe you will put me on ignore, then? 

You seem to be resorting to name calling, again, without any real basis.  I sense that it is much easier for you to stick with easy terms and conclusions rather than responding to logic or reason or good faith attempts at communicating substance.

I cannot summarize what i do in this thread as succinctly as your conclusory assertions, but sometimes I am responding to other posts, such as yours, sometimes I am talking about my own personal decision-making process when trying to decide whether to buy or sell BTC and sometimes I am trying to predict the direction of BTC prices. 

Generally, I am NOT trying to persuade others whether they should buy or sell or hodl, even though sometimes those words are in my vocabulary and i do use them from time to time to asssert a sort of prediction of the best strategy at the moment.

I have no problem with bearish predictions, except to the extent that there may be some disinformation contained within some of the bearish posts (sometimes the disinformation seems purposeful and other times such disinformation may NOT have been purposefully propagated), especially in these last several months the bearish predictions seem to have been correct b/c there has been a downward price trend, as we all know. 

Really few of us can really predict the direction of BTC prices, yet some of us just do our best to attempt to decide what to do personally to account for the risk within our own investment priorities.  This thread can be helpful to get current and historical information - if one can get passed some of the FUD information - which generally seems a lot more prevalent on the long-term bear-side of the camp.  Short-term bear may be a different story about making a prediction that may be based on actual facts to the best that they can be known.

Regarding perma-bull name.  I am generally bullish in the long term, but NOT perma-anything.  If there are facts that get me to change my perspectives about bitcoin, then I will reconsider my investment and my investment strategies.

I really don't know what to say to you.  Really you need to re-read all your posts.  

You miss quote people, you only read what you want to read, you troll the same stuff over and over, you make false accusations.   You say things like "You seem to be resorting to name calling, again,"  after i responded to your "spout out a bunch of shit".


I tried to offer the olive branch the other day.  But I decided today there is no point with people like you.  You have your mind set and don't care what others think.

You are really are either a troll or worse yet you believe the drivel that comes out of your cake hole, end of story.    

Yes, it is difficult to have a conversation with someone resorting to name calling.  Exhibit A above. 

I hope you will improve, but I realize that hoping may be all that I am able to do in these kinds of circumstances b/c I do NOT expect to be able to positively influence your interaction style or anything like that.. at least, NOT in the short-term when you are acting so self-righteous.

[pjviitas]

Sellers spin it up and Buyers spin it down...an idiot is someone who doesn't spin it at all.

LOL...ok that's funny

[spooderman]

It's the 14th in China. Now what?

[bitcoinsrus]

It's the 14th in China. Now what?

Now we wait