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

[TERA]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

I'm not trying to be original here. When I'm pointing out the faults that others have done before me, then it only means that these faults are not hard to see. But some still choose to ignore them.

At first, we have to see the bottom and then start about talking reaching the previous ATH again.

Or do you think that this was the bottom and now we are going only up to the previous ATH?

You chose to ignore them, you bought in didnt you, what makes you any better than anyone else.

Yeah and I bet the guys saying it from $1 are kicking themselves about the wealth they could have secured for themselves.

Who knows, $340 is as good of a bottom as any.

Or do you think that this is a bull trap and were only going down to previous YTL?

There's always a chance $340 was bottom, but it's going to have to be double tested. The stoch RSI is too high and volume too low to reverse up here.

[roslinpl]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

talking bout $ ?

talking about BTC or mBTC ? =)))

I love people who say what will future bring.  They are like a prophet :-)

[Mervyn_Pumpkinhead]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

You were wasting your time engaging with Pumpkinhead.. I had already tried.. and by about one or two posts, you could tell he was in LaLa Land or some kind of paid propaganda machine.

You tried to convince me that it would be a smart choice to buy when the price was around 550. Lucky for me, I come from the LaLa Land where the propaganda machine told me not to buy.

... works for an institution that wants to buy in lower ... getting to be a tired routine noobz.

Tools like you fail to understand that there is no fixed number where the price is low or high. If Bitcoin would have certainty about getting institutional funding, then the current price would already be low. But the situation is far from certainty. With the current level of lost markets and the general public loss of trust towards the market system, creates an outcome that the price is too high.
If I remember correctly, then you were the moron who tried to attack me when I said that the price is too high during January, when the price was 800. But it doesn't matter at all that the price has fallen almost a half of what it was then. It's all a conspiracy by the evil banksters, so they could buy cheap, right? They are forcing everyone else not to buy also. Probably by mind controlling technology, given to them by the alien reptilian overlords. Not like people aren't buying because it doesn't look like an attractive investment to them.

[dreamspark]

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

You can hardly A) if you don't B), and you lose A) if you don't B). That's why the odd-few bitcoiners who have managed to A), should come to Malla castle for the trainings on how to retain their bitcoins in the face of all the threats against them.

Although A can buy B and B often leads to A in the general sense not in Bitcoin land per se.

This is a selling tool to get guys to sign up for $500 courses or to be dependent upon so called experts and it works in almost any technical field...   Sometimes it is well worth the $500,  but not always...

This is going off on abit of a tangent from the first conversation, we we're talking about how to move larger amounts of money from one place to another, courses and expert advice isn't needed for this just either A or B as first said.

[TERA]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

talking bout $ ?

talking about BTC or mBTC ? =)))

I love people who say what will future bring.  They are like a prophet :-)

[boumalo]

When I say that I'm not doing anything right now, it's because I simply don't know where we're going.
I don't feel comfortable saying that the downtrend is over unless we go above $580. But at the same time I'm not as bearish as TERA.
I'm trying to stay balanced in my approach, so I'm somewhere in between bear/bull. I'm not ready to come out of the closet yet.

So what price are you buying? Are you in fiat or BTC?

[JayJuanGee]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

It is also possible that these next couple of days could be the last chance to buy below $460 for a year.  Both are possible.  Seems very likely that we are going to see a lot of days in the next year over $460.. maybe even 350 or more of them?  I don't have a crystal ball.

I know someone who actually has a crystal ball who I asked about Bitcoin and I still trust my TA more than her.

So what kind of odds are you giving it? 

I do NOT claim to know too much about BTC in the short-term, but I am investing for the long term, and I was thinking at least two years, but I was fairly certain that we would know within this year whether BTC is going up or NOT.

You can even pick a larger number and predict that BTC will stay below $500 for at least half of the next year (or some other quantity).  I am sure you would get bets on such a bearish prediction. 

Personally, I have NO real idea, and I do NOT claim to have any real predictive capabilities (even though I spout them out here and there and within this thread b/c I am saying what I am thinking and putting my money on such thoughts, unless someone causes me to rethink my strategy).

In that regard, I would imagine in the next 365 days that we are more likely to see more days above $500 for that period rather than below $500 for that period.    That would be a pretty interesting bet, and if if the bet were 50/50 odds, I may take it for some small amount. 

I do NOT have enough foresight to know for sure, but I am sure that if you wanted to take such a bet, there would be plenty of posters in this thread that would be willing to bet you on that specific kind of prediction (maybe adjust the numbers a little bit to suit predictive values and what odds or any other details).

[EuroTrash]

China has to keep buying RIGHT NOW otherwise it looks bad for the charts.

[p0peji]

Pump price, DDOS other exchanges and profit.

[TERA]

It's possible that these next couple days will be the last chance to sell above 460 for a year.

It is also possible that these next couple of days could be the last chance to buy below $460 for a year.  Both are possible.  Seems very likely that we are going to see a lot of days in the next year over $460.. maybe even 350 or more of them?  I don't have a crystal ball.

I know someone who actually has a crystal ball who I asked about Bitcoin and I still trust my TA more than her.

So what kind of odds are you giving it? 

I do NOT claim to know too much about BTC in the short-term, but I am investing for the long term, and I was thinking at least two years, but I was fairly certain that we would know within this year whether BTC is going up or NOT.

You can even pick a larger number and predict that BTC will stay below $500 for at least half of the next year (or some other quantity).  I am sure you would get bets on such a bearish prediction. 

Personally, I have NO real idea, and I do NOT claim to have any real predictive capabilities (even though I spout them out here and there and within this thread b/c I am saying what I am thinking and putting my money on such thoughts, unless someone causes me to rethink my strategy).

In that regard, I would imagine in the next 365 days that we are more likely to see more days above $500 for that period rather than below $500 for that period.    That would be a pretty interesting bet, and if if the bet were 50/50 odds, I may take it for some small amount. 

I do NOT have enough foresight to know for sure, but I am sure that if you wanted to take such a bet, there would be plenty of posters in this thread that would be willing to bet you on that specific kind of prediction (maybe adjust the numbers a little bit to suit predictive values and what odds or any other details).

I didn't claim to predict that either. I just said that it was possible, and I was basing solely on a 2011 chart. However, that's a very crude way to make a prediction. It all depends what events unfold in this time, especially those involving the opening and closing of exchanges.

[Mervyn_Pumpkinhead]

You chose to ignore them, you bought in didnt you, what makes you any better than anyone else.

Yeah and I bet the guys saying it from $1 are kicking themselves about the wealth they could have secured for themselves.

Who knows, $340 is as good of a bottom as any.

Or do you think that this is a bull trap and were only going down to previous YTL?

These faults weren't having an effect at the time when I bought.

They are stupid if they're kicking themselves for it. It's like kicking yourself after seeing the lottery numbers and saying "only if I chose 45, 5, 6, 11, 22 and 37". During this time there was only blind hope that bitcoin will be this big. No experienced, educated and knowledgeable investors got involved, so no skill was involved in seeing potential. Most of the ones who were involved then, were just dumb kids who got lucky at random google searches and got excited because they weren't skilled enough to assess the low probability of success.

Yes, that's what I thought, "who knows". Just some time ago you tried to present yourself as an skillful trader, but when asking some certainty on your predictions then the answer will always be "who knows". Because you really don't have a clue on what will happen. You aren't able enough to make proper analysis to support any of your predictions. You just make blind bets that have a 50/50 winning chance to you.

But I'm telling you with certainty, if there aren't new strong laws made to support the financial use of bitcoin in US or EU (I haven't considered China as an option for potential for a long time already), or if there aren't new markets opened with proper volume in new geographical locations, then this WAS NOT the bottom and it will drop more then 340$.

[JayJuanGee]

This is a selling tool to get guys to sign up for $500 courses or to be dependent upon so called experts and it works in almost any technical field...  Sometimes it is well worth the $500,  but not always...

$500 won't get you in sorry We are talking about people who realistically need this kind of services, and they have more than BTC57. I don't mean any offense here.

EDIT: That still sounds smug to the extreme - let me explain more. The intention of the training is to gather people whose bitcoins are worth $500k or more at present (BTC1,000) and the facility will expand when the bitcoin price goes up, so that the lower threshold in bitcoins decreases, but in dollars it keeps going up, unless many similar facilities spring up and offer better services more cheaply. As far as I know, this is the first one with this kind of idea, but definitely not the last. Perhaps not many feel they need the service, but that is my business risk. It will anyway be a general purpose luxury country hotel and my holiday home.

No offense taken.... and it does sound a little elitist.. but that is your target audience.. no problem with that.

I was using $500 as an example as an easy to round number (I guess that I was being charitable in the service about which I was speculating).

Yes, I started investing in BTC in November 2013, and i have only accumulated 59 so far... It has been a slow grinding process, in part b/c of bad timing concerning when I got in.  Yet some of these tricky and grinding situations are going to continue to exist for us regular folks (or later arrivers) to accumulate BTC... or whatever other investments that we may have.

[seleme]

I forgot I had 10 BTC on McxNow that I sent there after buying at 360$.

Gone at 460$ 

[rpietila]

("price" = exchange rate in Bitstamp, or a western exch with highest volume iff Bitstamp closes)

LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100
b) In 2014, price will visit below 200
c) In 2014, price will visit below 300
d) In 2014, price will visit below 400
e) In 2014, price will visit above 500
f) In 2014, price will visit above 750
g) In 2014, price will visit above 1000
h) In 2014, price will visit above 1250
i) In 2014, price will visit above 2000
j) In 2014, price will visit above 3000
k) In 2014, price will visit above 4000
l) In 2014, price will visit above 5000
m) In 2014, price will visit above 7000
n) In 2014, price will visit above 10000
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS

I will add mine shortly in a separate post so you can quote this one if you like to join

[magicmexican]

thats too much options man

[Mervyn_Pumpkinhead]

("price" = exchange rate in Bitstamp, or a western exch with highest volume iff Bitstamp closes)

LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100
b) In 2014, price will visit below 200
c) In 2014, price will visit below 300
d) In 2014, price will visit below 400
e) In 2014, price will visit above 500
f) In 2014, price will visit above 750
g) In 2014, price will visit above 1000
h) In 2014, price will visit above 1250
i) In 2014, price will visit above 2000
j) In 2014, price will visit above 3000
k) In 2014, price will visit above 4000
l) In 2014, price will visit above 5000
m) In 2014, price will visit above 7000
n) In 2014, price will visit above 10000
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS

I will add mine shortly in a separate post so you can quote this one if you like to join

What's the point of making predictions when the main factors involved creating the price can't be currently predicted?
The only thing that you are accomplishing here is establishing on what will most hope that the price will be. Why do you need that?

[rpietila]

LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100 = 10%
b) In 2014, price will visit below 200 = 15%
c) In 2014, price will visit below 300 = 25%
d) In 2014, price will visit below 400 = 55%
e) In 2014, price will visit above 500 = 95%
f) In 2014, price will visit above 750 = 90%
g) In 2014, price will visit above 1000 = 85%
h) In 2014, price will visit above 1250 = 80%
i) In 2014, price will visit above 2000 = 70%
j) In 2014, price will visit above 3000 = 60%
k) In 2014, price will visit above 4000 = 50%
l) In 2014, price will visit above 5000 = 35%
m) In 2014, price will visit above 7000 = 25%
n) In 2014, price will visit above 10000 = 15%
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS

[ChartBuddy]

Explanation

[JayJuanGee]

[snip]

Everything your saying has been said since $1 hence why its boring.

Read some of the old posts on this forum and see how your whining (about too much volatilty, high hopes, dump pumps, no real reason for the price etc etc ) is a complete regurgitation of things said before.

I wish you well but your wrong on so many counts. I have no doubt that once the price returns to previous ATH levels you will either turn uber bull or disapear off the forum as per usual.

You were wasting your time engaging with Pumpkinhead.. I had already tried.. and by about one or two posts, you could tell he was in LaLa Land or some kind of paid propaganda machine.

You tried to convince me that it would be a smart choice to buy when the price was around 550. Lucky for me, I come from the LaLa Land where the propaganda machine told me not to buy.

I cannot recall trying to convince anyone to buy... but I have been making assertions that I have been buying BTC all the way down including at around $550 and lower and even higher.  i have been buying BTC since $1200.  Yes, I have said that many times - b/c that is when I started. 

I also say that people make their own choices about how to proceed with their investment(s) based on a variety of factors, including risk profile and other investments and reasons why they are adding BTC to their mix. 

Anyhow, you could be correct that prices will continue to go down.. but I have already experienced that you tend to be in la la land regarding your willingness to discuss reality rather than some made up sets of circumstances.

[chessnut]

LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS
a) In 2014, price will visit below 100 = 10%
b) In 2014, price will visit below 200 = 20%
c) In 2014, price will visit below 300 = 30%
d) In 2014, price will visit below 400 = 100%
e) In 2014, price will visit above 500 =100%
f) In 2014, price will visit above 750 = 100%
g) In 2014, price will visit above 1000 = 80%
h) In 2014, price will visit above 1250 =75%
i) In 2014, price will visit above 2000 = 70%
j) In 2014, price will visit above 3000 = 65%
k) In 2014, price will visit above 4000 = 60%
l) In 2014, price will visit above 5000 = 55%
m) In 2014, price will visit above 7000 = 50%
n) In 2014, price will visit above 10000 = 25%
/LET'S GIVE PROBABILITIES TO THE FOLLOWING EVENTS