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

[@ThisWeeksCoin]

This:
http://prntscr.com/39qzzj

Is just freaking me out.

Why do people actually vote? Just to make themselves feel better cause of some reason?

eg, sold low, bought high, & the opposite.


AfaIk, we can't do much. Either we hold or we dump. There's nothing else we can do.
Fairy tales aren't helping.



-TWC

[1714843316]

1714843316

[1714843316]

1714843316

[chromosoma]

can someone please explain  what is the purpose of this bot? He seems to appear every day or so.

[MinermanNC]

"Unknown" is about to breach 40% of the network. Somebody is raking them in.

Yes I have been keeping an eye on that to... at 35% now.... and In my mind unknown is made up of a slew of P2P pools but are not connected or centrally connected,,,, I don't think, where as CEX.IO controls all of their current % and is at the controls.... so I'm not  sure of how much a threat unknown would be to the network,,, but will definitely have to be watched!

[Mervyn_Pumpkinhead]

can someone please explain  what is the purpose of this bot? He seems to appear every day or so.

If I had to guess, then I would say that this bot is probably exploiting the mechanics of some other bot.

[chairforce1]

As you can see from the chart below I think BTC is going up in price.

[Walsoraj]

As you can see from the chart below I think BTC is going up in price.

too many damn lines, not enough dinosaurs.

[ChartBuddy]

Explanation

[JorgeStolfi]

How do you say "choo choo" in Portuguese?

"Tchu tchu" but also "tchuu tchuu" or "chu chu" or "chuu chuu"...
https://www.youtube.com/watch?v=MfwXy9n7vQE

[roslinpl]

can someone please explain  what is the purpose of this bot? He seems to appear every day or so.

many traders are using bots, just you know. Purposes are different perhaps.

[JorgeStolfi]

Chinese Slumber Method prediction for Monday April 14

Prediction valid for: Monday 2014-04-14, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 2575 CNY.
Bitstamp's predicted price: 414 USD.





Plot legend

Huobi's clients traded until late night, so the data point of Apr/13 UTC was very weak (S = 0.0125, W = 0.045), but was very close (ahem!) to the previous trend.  Therefore it seems reasonable to assume that the trend will hold for one more day still. Weighted least squares fitting to the points of Apr/07, 08, 09, 11, 12, and 13 (assuming that Apr/10 was an outlier) gives practically the same line as before, namely A + B*(d-d0), where d-d0 is the number of days since Apr/07, A = 2797.46, B = -31.81.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.22 CNY/USD. It was 6.21, 6.24, 6.32 at the last three Slumber Times.
 
Checking the previous prediction

Prediction was posted on: Saturday 2014-04-12, 22:32 UTC
Prediction was valid for: Saturday 2014-04-13, 19:00--19:59 UTC (~20 hours later)

Not bad for Doomsday's Eve:

Huobi's predicted price: 2609 CNY.
Huobi's actual price (L+H)/2: 2575 CNY
Error:  46 CNY (~7.40 USD)

Bitstamp's predicted price: 417 USD.
Bitstamp's actual price (L+H)/2: 413 USD
Error: 4 USD
 
NOTE:
  "If the only tool you have is a hammer, everything looks like a thumb."
    -- Peter Gutmann

[boumalo]

There is only one flow it can take in the Bitcoin economy and that is from the sucker to the scammer.

The best definition of free market capitalism, ever.

When the sc.ammers are in power the sucker lose more, people complain about the private companies fixing markets but the FED is fixing the market rate and the USD

[chromosoma]

This time the bot is working suspicialy long..

[JayJuanGee]

Explanation

~410 so good

Next sunday - same time   ~700$ Remember my words!

Just DO NOT edit or delete this post, and we will NOT need to remember, we can refer back.  I hope you are correct with that prediction.. seems a bit too rosey to me, but not outside of the realm of  reasonably possible.

[billyjoeallen]

can someone please explain  what is the purpose of this bot? He seems to appear every day or so.

I already did. Read back two pages.

[chessnut]

Explanation

~410 so good

Next sunday - same time   ~700$ Remember my words!

Just DO NOT edit or delete this post, and we will NOT need to remember, we can refer back.  I hope you are correct with that prediction.. seems a bit too rosey to me, but not outside of the realm of  reasonably possible.

you seem to be alluding sometimes to my argument with nano brain....  

there is nothing wrong with editing a post quickly after it was made if you have forgotten a detail.... the edit in question was made before the market changed at all, in fact, within 3 minutes. I do not edit my old posts, certainly not to meet the market. why the hell would I?

[akujin]

can someone please explain  what is the purpose of this bot? He seems to appear every day or so.

Just pumping the volume 

[JayJuanGee]

There is only one flow it can take in the Bitcoin economy and that is from the sucker to the scammer.

The best definition of free market capitalism, ever.

When the sc.ammers are in power the sucker lose more, people complain about the private companies fixing markets but the FED is fixing the market rate and the USD

I'm more worried about the potential for stolen coins and/or government repossessed coins being used by bad actors to manipulate the BTC market... b/c those coins have NOT been paid for, but they can be used with someone with deep pockets to operate at a loss for a very long time but to undermine bitcoin.. if in the wrong hands.  On the other hand, if coins are being acquired at market rates, then even if the whale or govt is operating at a loss.. sooner or later they will run out of coins.. so it seems... so inevitably, the price has got to go up.. as long as we do NOT lose confidence in the meantime.

[JayJuanGee]

Explanation

~410 so good

Next sunday - same time   ~700$ Remember my words!

Just DO NOT edit or delete this post, and we will NOT need to remember, we can refer back.  I hope you are correct with that prediction.. seems a bit too rosey to me, but not outside of the realm of  reasonably possible.

you seem to be alluding sometimes to my argument with nano brain....  

there is nothing wrong with editing a post quickly after it was made if you have forgotten a detail.... the edit in question was made before the market changed at all, in fact, within 3 minutes. I do not edit my old posts, certainly not to meet the market. why the hell would I?

I wasn't referring to any specific incident, and within a reasonably short period such as an hour or NO one has yet responded to your post, then surely it is reasonable to edit the post or even delete it.  Otherwise, I am of the personal opinion that it is better to just leave old posts as they were - grammar errors or inaccuracies or whatever...

I do recall that one of the posts you put in some words of attribution for someone... and probably in that case, it would have been good to note it (or maybe say it in small type ... ).. whatever, it was kind of a joke or a way to dig in at someone in a strategic way... .. 

[wolfeen]

Additional options to have the repo government BTC marketm treat, but the long-term damage to the deep pockets that anyone can use, but this is the first time in the wrong hands, and / or stealing money from the currency in the attack. : Deterioration Wikipedia. As long as you do not trust the market to buy foreign currency not lose .., on the other hand, it is certain, or GS .. sometimes .. can not even run out of money ... and the inevitable price.

[Newfeeling]

Additional options to have the repo government BTC marketm treat, but the long-term damage to the deep pockets that anyone can use, but this is the first time in the wrong hands, and / or stealing money from the currency in the attack. : Deterioration Wikipedia. As long as you do not trust the market to buy foreign currency not lose .., on the other hand, it is certain, or GS .. sometimes .. can not even run out of money ... and the inevitable price.

what