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

[ShroomsKit_Disgrace]

It's so much fun to see people selling 300 coins at 450 thinking we reached the top and then the train just keeps going, forcing them to rebuy at 470. The amount of people losing money because trading must be insane.

It is exactly the same amount of people that is winning money for the very same reason.  

[FNG]

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

People waiting for the pain to stop

The sell off from the 800's was illogical.

[chessnut]

Anyone know if it's possible to change from 'no' to 'yes' if you missclick and bet on wrong side??

on bitbet.us

I have emailed them but no answer so far

I think they can, I dont think they will. betting sites are strict.

[TERA]

It's so much fun to see people selling 300 coins at 450 thinking we reached the top and then the train just keeps going, forcing them to rebuy at 470. The amount of people losing money because trading must be insane.

Because they are

Bad Traders

Not because

Trading is bad

[podyx]

Anyone know if it's possible to change from 'no' to 'yes' if you missclick and bet on wrong side??

on bitbet.us

I have emailed them but no answer so far

I think they can, I dont think they will. betting sites are strict.

fucking christ

thats 0.6 btc to fuck

only for a misclick :S

[seanneko]

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

lol, this is the number 1 bear argument

You are not a bull...

If I'm not a bull then why have I never sold a single BTC in my life? They're all either spent or in paper wallets.

My general sentiment is no different now to how it was a week ago, or even a month ago. There has been no significant news, neither good nor bad.

[boumalo]

Skimmed through some of your previous posts during falls and found these:

This posted on the 10th of April:

Finally  

Now can we bounce of $400 and finally move on. Jeez

And one prior to the fall of MtGox:

wish I had like 10k on gox  

And you started whining at me when I said that I'm not buying into this, because I don't see it as an good bet to buy at the tops of weak pumps.
So, don't try to act like you're rational about this. When one walks like a typical degenerate gambler and when one talks like a typical degenerate gambler, then he must be an ...

Lol hilarious, is that the best you can do. Yeah asking the question of can we bounce of $400 and move on is the very definition of screaming trend reversal, being a delusional bull and wishing to be a millionaire  


No one can ever say anything about buying gox coins for $100 at the time the odds were firmly in line with the risk. Typical degenerate gambler my arse.

I said you were boring repeating yourself over and over again and could have made yourself some money without it being a blind gamble if you weren't a permabear. hardly whining.

Better luck next time.

Yes, it was screaming of hopes of trend reversal and it showed that you were among those who thought that 400 actually means something. People like you have been whining at me since I sold at 1030, that I should buy at 900,800,700..etc. because they are really cheap coins, so I could make some money. Majority of those people are fools but there are also some manipulators who want others to buy, so they can sell with better profits.
Yes, the ones who bought into mtgox in the falling days were degenerate gamblers.
Degenerate gambling is about making blind bets. There are bets that can be predictable and there are bets that aren't. There was and there still is no way of knowing how much will be bought until the price starts to fall down. And the biggest probability here is that the price will at some point start to fall down. When there are some important developments in the crypto market system, then you can predict that this will give value to crypto and you can buy with the bet being a lot less blind.
I'll never invest into into something when my money is only supported by the hopes of fools. The hopes of fools are fragile and can break any moment, and when will this happen, can only be guessed, not predicted.
And now, stop whining, because I'm not buying into this no matter how much you whine.

What you said kind of make sense except that you disregard every positive aspect of Bitcoin and the community that justifies a higher price, you disregard the money printing that will kill the USD and you are calling fools people that were called fools when the price was 10$ or 30$; they were not fools then and they are not fools now 

[podyx]

If I'm not a bull then why have I never sold a single BTC in my life? They're all either spent or in paper wallets.

My general sentiment is no different now to how it was a week ago, or even a month ago. There has been no significant news, neither good nor bad.

Hmm, ok

Seeing as you argued like a clueless bear, that was my first assumption, sorry

[magicmexican]

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

This is not how it works

[cee-euros]

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

This is not how it works

I think it's all coercion, don't tell anyone though

[dreamspark]

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

Because its moving upwards 

[JayJuanGee]

Not that I felt any obligation to disclose, but I am happy to say that I finally managed to source BTC200 @400 off-exchange!  

If this is with a stranger, how do you do escrow.. or trust that the BTC's will come through?  Do you pay first, do you do it in person, do you do it without banks? don't you have a fee for the wiring of that much fiat?

Because I am rpietila the Great, the other guy pays first. Unless he is even greater, like Goat or NewLiberty; then I pay first.

It is possible to send in pieces also, like what I did when trading goxBTC for BTC. At most, the other guy had BTC150 at risk although the total was much bigger.

With escrow there is the problem that the escrow person would need to more trustable than me, and they are becoming hard to find   I am always open to suggestions, who to add to my "possible escrow intermediaries" list!

This is a very interesting issue and question for me b/c sometimes we will be dealing with people who are NOT reputable and may even be disreputable.

Actually, I thought the bitcoin white paper discusses this kind of distrust issue in regards to mining..

But anyhow, my point is that if there are two parties that want to engage in some kind of a transaction, we should have various systems in place to be able to engage in that transaction, even if we do NOT trust the other party.   And, then when we bring Fiat into the mix, it becomes a little bit more complicated, but it could also be complicated making sure that you get the lamborgini.. or whatever.  


I hear that BTC has some kinds of built in escrowing functions, but possibly applications need to be built upon those escrow functions.  

I also hear that Mastercoin, colorcoin and Nxt are some examples of working on variations of decentralized exchanges.  Certainly, I would rather NOT deal with any exchanges either, if that were possible to deal directly, and to be able to hang onto my bitcoins without having to entrust them to an exchange as the third party until I want to trade them directly with someone.

And then if you have more than $10K in fiat, isn't that a reportable event... ?   There may also be bank fees, too?  Who will carry $80K cash to starbucks?

[dreamspark]

Even though I'm long term bull, this has to be a bull trap. All these people could have bought last week for less money. Why is Bitcoin suddenly more desirable to them now than it was before? Nothing has changed.

This is not how it works

I think it's all coercion, don't tell anyone though

Wheres the use of force or threats?

[rpietila]

And then if you have more than $10K in fiat, isn't that a reportable event... ?   There may also be bank fees, too?  Who will carry $80K cash to starbucks?

Answering these questions goes above my free consultation, sorry.

[dreamspark]

And then if you have more than $10K in fiat, isn't that a reportable event... ?   There may also be bank fees, too?  Who will carry $80K cash to starbucks?

There are ways and means to do everything if you either A) have the money or B) know the right people.

[magicmexican]

Its was refreshing to finally see a bear trap. I've said it was coming too, kinda amusing that people forgot that not only the bulls can be trapped.

[dreamspark]

Its was refreshing to finally see a bear trap. I've said it was coming too, kinda amusing that people forgot that not only the bulls can be trapped.

I have to say you generally have called the last few days pretty well. I just hope you put some money on it

[seanneko]

Its was refreshing to finally see a bear trap. I've said it was coming too, kinda amusing that people forgot that not only the bulls can be trapped.

It wasn't that long ago that this forum was full of people saying "you're a fucking idiot if you short bitcoin"

I miss all the pictures of trains and moons.

[niothor]

Its was refreshing to finally see a bear trap. I've said it was coming too, kinda amusing that people forgot that not only the bulls can be trapped.

It wasn't that long ago that this forum was full of people saying "you're a fucking idiot if you short bitcoin"

I miss all the pictures of trains and moons.

Wait till (if) we get to 490. There wil be an invasion of bulls and bears turned bulls shouting 500 with trains moons babes lambos everything you want.

[Mervyn_Pumpkinhead]

You'll never invest into something where it is only supported by hopes of fools then why did you buy into BTC in the first place, if you think the price is sustained only by the hopes of fools.

Every bet is about predicatabilty and how predictable it may be  are your odds, thats the very definition of betting. What your really saying is that you like to make bets where you feel they are very predictable and therefore low odds.

Its simply not screaming trend reversal at all are you that blind you cant see that. It was a question. Plus $400 was a major resistance point after visiting there twice already in the downtrend so of course it was important. I think you need to get out the house if you believe anything Ive said is trying to get you to buy into this, I couldn't give two shits whether you buy into it or not. On the contrary I could say that your attempting to get people not to buy in yet is just as manipulative.

 Stop throwing the phrase people like you around, I have not attempted to get anyone to buy in thanks so stop trying to tarnish me with the same brush as the people who do you have 0 evidence of me being anything like what your trying to say. When there are important developments in the crypto world lol, there are important developments happening all the time.

Its okay over the last 3 days I'm up 31% and your at +/- 0% in actual gains or 31% down in theoretical gains. Your clearly a long term trader which is fine but because you dont have the skills to or you dont want to trade on shorter time scales doesnt mean people who do shouldnt.

I bought during the start of November, where there were more in play then just the hopes of fools. Sold at the middle of December, and every rise has been fuelled by the hopes of fools ever since. This downtrend would be over quicker if there wouldn't be so many fools in the game.

Feelings have nothing to do with it. Proper data about the current direction of value will decide when you can say that it's smart investing into BTC. And this isn't about drawing lines on the charts like a 6 year old. It's about taking more factors into consideration like the factors that stimulate demand. Right now, BTC is not a smart investment, it's a blind bet, supported by hope that more fools will follow to fill your pockets. There haven't been a good reason to buy BTC till December.

400 wasn't a major resistance point. Dumping didn't stop there because of strong buy walls, but stopped there just because the dumpers paused for letting the support rise a little to continue dumping. It isn't predictable how long will they wait until they continue. A dumb blind bet again.
If there would be less people who are fuelling these dumb pumps, then the downtrend would have been over more quickly and that would have meant more wins to most involved. Because of these dumb pumps, the market is unpredictable and unattractive for serious investors. Right now, the environment is only attractive to degenerate gamblers. Those who have the experience and education in the field, know better to stay away, because there are always better investment opportunities then to play unstable bear markets.

Well, you whine about my low interest on buying during this bear market, just like tens have done before you. So, to me, you are just like those who have whined before you.
And no, there haven't been important developments in the crypto scene for a long time. Just a lot of hot air, made out of high hopes and promises.

You really don't get it that these dumb pumps will only create meaningless volatility and the biggest winners are actually the exchanges. When you win 30%, then you don't win it out of thin air, but you win it at the expense of some poor schmuck who buys after you buy. That is the reason that you are whining on why I'm not buying, because you want more schmucks to join in to fill your pockets.
The outcome of these dumb pumps is still that more people lose then win, and it's not a matter of skill but a matter dumb luck. You didn't have any data about the fiat that is moving in, you just made a bet because you had a feeling that people will buy after. And now you are trying to act like this blind bet was a matter of skill and data analysis. To me it's just funny. It's like the guy who get's lucky at the roulette table and tries to act like a skillful gambler after.