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

[TERA]

My new favorite chart:

This market will turn around eventually. I'm just not at all convinced that time is now, 24 hours before the Lights possibly go out in China.

I suspect another one of these cycles could occur, which will go up when nothing happens on April 15th, then go down again when there is another chinese government action (or rumor) for a new kind of enforcement.

[dreamspark]

Its great see the trains back 

However it feels way to early to be celebrating with the 15th being tommorow 

[Hypnoise]

Dear bears,



Yours truly,
Everyone else

you are welcome. sale now and thank me later.

[Wary]

Or maybe this one, but this would mean we aren't even rallying right now.

We'll find out when we reach 550.

[TERA]

Or maybe this one, but this would mean we aren't even rallying right now.

Could you tell, what is needed to happen for your inner bear to be slain?

I was also a bear until 25. Feb, but then I bought at $448. We are now at the same price. Are you risking to be a worse trader than me?  

I also bought when you were buying. I bought at 400 remember? Since your 448 purchase, I have also bought at 520, bought at 570, sold at 710, sold at 630, made several successful shorts on the way down to 340, covered at 340, made a couple successful long trades on the way up, and am now long from 425.

[darklight]

I was also a bear until 25. Feb, but then I bought at $448. We are now at the same price. Are you risking to be a worse trader than me?  

Surprised you didn't sell at some point to be honest

[Mervyn_Pumpkinhead]

Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

[kurious]

I was also a bear until 25. Feb, but then I bought at $448. We are now at the same price. Are you risking to be a worse trader than me?  

Surprised you didn't sell at some point to be honest

He actually bought substantially more in the last dip in the 300s

[dreamspark]

Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

[billyjoeallen]

Dear bears,



Yours truly,
Everyone else

You're welcome. I bought most of them for less than $20. I have plenty more in cold storage. How dumb do you think we are?

[windjc]

This breakout is weaksauce.

Everything is happening in proportion to the last breakout in March relative to volume.  It should be over when Stamp hits 30,000 volume.

Ive set up a landmine of shorts from 478-519. Although I am really not confident that any of them are going to be hit. I am hoping against hope that this rally can at least get to 498ish.

[chessnut]

Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

No news is good news on the 14th....

[CoolStoryBro]

Regardless, you can't lord a couple of IQ points over anybody, because IQ fails to take into account a lot of factors regarding intelligence. There's plenty of articles available on the internet on why IQ tests alone are useless to determine someone's actual intelligence level. Seriously, a simple google search for "IQ tests inaccurate" will turn up dozens of results. Here's one: http://www.webmd.com/brain/news/20121218/iq-test-really-measure-intelligence  -- The gist of it is IQ can be useful, but is wholly inadequate in getting a good determination on how intelligent someone is. You need multiple tests focusing on various factors to get a better idea.

Ever met the guy who was a logic and math wiz, but couldn't navigate a social situation to save his life and was quite aloof? If he took an IQ test, he'd crush it, but if you tried to socially interact with the guy, you'd wonder how many types of idiot he was.

I do not at all believe in creationism, by the way.

Sorry, I didn't read whole discussion from the very beginning (perhaps, something about "stupid Brazilians?").

But despite of IQ test being not proper tool to measure "total" intellect of the person, it doesn't contradicts with the fact that some "races" performs worse in mathematical tasks whereas other might be better in social.

You might say that "they're not worse, they're just the different", but that it doesn't take away fact that some Brazilians are worse in math that Norwegians (no idea honestly, just to illustrate).

[Guinpen]

Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

It's Monday so could it be that people are waiting for their deposits to hit the exchanges? You know, the deposits they wired when they saw cheap bitcoins at 400 yesterday. And what will these people do Tue/Wed when the fiat is there? BUY!

Just my guess.

[TERA]

Could you tell, what is needed to happen for your inner bear to be slain?

My inner bear only grew stronger when the 1 week chart was dealt the knock out punch this week. For me to become bullish again, I would need to see signs of reversal on 3D and 1W charts. Here are some events that might help too:

1. Chinese situation is put to bed, one way or the other.
2. New regulated exchanges open in U.S. (even more bullish if you can buy real bitcoins and not just derivatives)
3. Federal government (not just new york) comes out and endorses bitcoin.
4. Plans to have the ability to upgrade from EC and SHA256 are begun.

[Mervyn_Pumpkinhead]

Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

Your so boring! Could have made yourself some nice money if you werent a perma bear. Just as bad as the permabulls calling bear trap all the way down.

Yeah, I'm totally boring, that I sold on top of the last bull market, and refuse to play the bear market where the odds are actually against you.
Degenerate gamblers don't care about the odds, they just want to feel the adrenaline by taking blind risks. I'm a different kind of gambler, the boring kind.

[windjc]

Or maybe this one, but this would mean we aren't even rallying right now.

E-fucking-xactly.

[JayJuanGee]

I once left my motorcycle outside downtown with the ignition hotwired.  It wasnt there when I came back.  I don't blame the city. I don't defame it or consider its people more or less criminal than those of other cities.

Come on, it was not that petty vandalism of Wikipedia that gave me that negative view of the bitcoin "ecosystem".  It is the bulk of what I have read over these four months, especially the hype coming from the "great names". 

Bitcoin was crippled by two great disasters: first, its adoption by "libertarians", and, second, the blooming of the Chinese market.  These developments turned what could have been a great e-commerce invention into the instrument of a legion of skimmers, scammers, and common criminals.  Will the "pure" bitcoiners (if there are any left) have the will and power to get rid of those parasites, before they kill the idea?  I don't see that happening.

'parasites' will save bitcoin if all else fails. one day we may be criminals for using bitcoin, but that wont kill bitcoin, or it wont stop bitcoin 2.0. What is a 'pure' bitcoiner?

I could have seen the criminalization of bitcoin a few months ago; however, in recent months bitcoin, at least in the USA is moving more and more towards attempts at coopting aspects of bitcoin and regulating bitcoin to some extent.   Currently, these moves have made criminalization of bitcoin as a whole, less and less likely; however, I can still envision various kinds of conduct related to bitcoin that will remain confusing and there will likely be a lot of divide and conquer related to bitcoin.. especially various attempts to escape or to manuever around the various ambiguous regulations that are likely to evolve to keep us all on our toes.. so you are still going to need to be connected or to maintain appearances of being mainstream in order to be more insured against being prosecuted, persecuted and/or having your bitcoins or other tangible property taken from you.... with da government seems to like to do.

[Guinpen]

You're welcome. I bought most of them for less than $20. I have plenty more in cold storage. How dumb do you think we are?

I don't think you're dumb. I'm just celebrating the rise of BTC price, which is, last time I checked, a Good Thing (TM).

Could be a bull trap for all I know Show some sense of humor, man.

[Mervyn_Pumpkinhead]

Some fiat entered. It will probably be around Wednesday when the dumping continues. Till then, the dumpers are waiting if maybe more fiat will be wired, so they can sell with an better price.
I'm not buying into this because it isn't very probable that much more fiat will enter. There hasn't been any important good news about the markets, so nothing has really changed in the long-term.

It's Monday so could it be that people are waiting for their deposits to hit the exchanges? You know, the deposits they wired when they saw cheap bitcoins at 400 yesterday. And what will these people do Tue/Wed when the fiat is there? BUY!

Just my guess.

Yes, there could be. But the odds of that happening aren't good enough to play on. Some dumb money already entered, as we can see from this spike. This, in turn, made the odds of this happening again even worse.
If I would of wanted to play this, then I would have bought yesterday when the price was down. But I considered it to be a blind bet and didn't see the oods good enough then, so I certainly don't see them god enough now.
It would be very dumb to enter now, when the odds are actually worse then yesterday.