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

[niothor]

No need for the  FUD quotes.  We all know that you have turned from a so called analyst into a desperate cavebear facing  extinction.

I never was an "analyst", so-called or otherwise-called.  As for being a cave bear, my prediction for after Apr/15 (posted here on Mar/29) was  "3500--3700 CNY or  580--610 USD". 

But I already got it, anyone who does not believe in 1,000,000,000 USD/BTC by next week is a bear...

When you first started to post , you were only skeptical  but you gave reasons.
A few weeks passed and you turned into a real "bear" seeing only destruction ahead.

Everything changed and at moments you even seem angry at every good news or development as if it was hurting you.

Besides , I don't believe in the 1,000,000,000 USD/BTC not even in the 300k someone on this forum claimed before he was... but that is another story.
I don't like zealots nor the ones believing in the bitpocalypse.

[windjc]

Cliven Bundy frees some of his his stolen cattle from the Feds... bullish?

Looks like we're finally crossing over on the 3D MACD. With the 1D, 12h, 6h & 4h all in the green for support, could this be a bull run?

This market is following Houbi not technicals. And Houbi doesn't follow technicals as well as the other exchanges.

Having said that, we could go on a bull run.

Or we could do the exact opposite of what everyone is expecting.

[ChartBuddy]

Explanation

[windjc]

Does anyone else get the feeling that these buys on Houbi are coordinated in some way?  They come at practically the same time everyday. They come with TOTAL disregard for getting the best price.

Its like the wait until the market falls to prearranged price - in this last case 3200 - and then they just buy it up to 3300+ in minutes with no regard for what they pay.

It makes no logical trading sense. It was like this to a grander scale during the November rally. But that was a little more explicable. This is just strange.

Have you ever tried to buy a really cheep alt and investing half a Bitcoin makes you a whale, you can move the price 10% with low liquidity but you don't care because you are buying in 0.1 chunks.

I see. So if you want to make a 2000 BTC buy on Houbi then you by nature have to be lazy and buy it all in 4 minutes at the exact same hour everyday?

I don't see your analogy as descriptive of the situation I am talking about.

[mooncake]

No need for the  FUD quotes.  We all know that you have turned from a so called analyst into a desperate cavebear facing  extinction.

I never was an "analyst", so-called or otherwise-called.  As for being a cave bear, my prediction for after Apr/15 (posted here on Mar/29) was  "3500--3700 CNY or  580--610 USD". 

But I already got it, anyone who does not believe in 1,000,000,000 USD/BTC by next week is a bear...

I was once sceptical.

Then, I thought of how money had evolved from bartering to shells to coins to notes to now digital, I begin to think what could be next. The answer is digital currency. It may not be BTC but it will be digital currency, possibly leveraging on blockchain.

I also compare between the current money system and the bitcoin system. The advantages are obvious like easy and low cost fund transfer.

Though some parties may not like BTC but technically, BTC cannot be banned. That being the case, BTC will propagate. It is like no matter how hard one tries to pull out the weed in the garden, it will nonetheless grow.

Understanding this, it will be unwise to go against the natural flow.

[JorgeStolfi]

When you first started to post , you were only skeptical  but you gave reasons.
A few weeks passed and you turned into a real "bear" seeing only destruction ahead.
Everything changed and at moments you even seem angry at every good news or development as if it was hurting you.

I did change my signature from "rather skeptical" to "very skeptical" and stated some of the reasons here, buried somewhere in the past 2000 pages or so.   I won't go through them again, it would only trigger the same nasty responses.

I don't like zealots nor the ones believing in the bitpocalypse.

If you care to know, for me the probability of bitcoin (THIS bitcoin) succeeding is positive but rather small; if it fails, I have no idea how long that ill take, and how the price will evolve until then.

[JorgeStolfi]

The answer is digital currency. It may not be BTC but it will be digital currency

I fully agree.

[JayJuanGee]

an equally good question, how many bitcoins are left on the exchanges?

large players that are accumulating off exchanges due to broken trust could be holding a lot of coins right now. there may be a surprise shortage for short bears.

Personally, I believe the question of quantity of fiat on the exchanges is more important than the question of the quantity of bitcoin on the exchanges. 

One of the advantages of bitcoin (its ease of ability to be moved without cost and quickly) is also its curse in terms of artificially pushing prices downward.    In this regard, bitcoins can easily be moved onto exchanges within hours notice... or even less than an hour sometimes.

Even if these large carriers of bitcoin are able to acquire their bitcoin off of exchanges, it may take a little while for those off exchange bitcoin acquisitions to hit the exchanges (maybe hitting the exchanges more as trickles rather than surges).  Any attempts to buy thousands of bitcoins on exchanges is NOT going to go unnoticed, except during high volume periods - unless the purchases are split up into fairly small quantities. 

From my understanding we do NOT really seem to know the quantity of fiat on exchanges in the sidelines, and we realize that there is a bit of a disincentive in keeping very much fiat on the exchanges (post mt gx and other negative exchange rumors)

[freebit13]

Cliven Bundy frees some of his his stolen cattle from the Feds... bullish?

Looks like we're finally crossing over on the 3D MACD. With the 1D, 12h, 6h & 4h all in the green for support, could this be a bull run?

When 1W supports, then it is confirmed.
Then again, the chance will be missed to buy cheaply.

Patience, we'll get there...

[niothor]

When you first started to post , you were only skeptical  but you gave reasons.
A few weeks passed and you turned into a real "bear" seeing only destruction ahead.
Everything changed and at moments you even seem angry at every good news or development as if it was hurting you.

I did change my signature from "rather skeptical" to "very skeptical" and stated some of the reasons here, buried somewhere in the past 2000 pages or so.   I won't go through them again, it would only trigger the same nasty responses.

I don't like zealots nor the ones believing in the bitpocalypse.

If you care to know, for me the probability of bitcoin (THIS bitcoin) succeeding is positive but rather small; if it fails, I have no idea how long that ill take, and how the price will evolve until then.

The question is... what does "succeeding" mean?
And there everybody is having different opinions. For a few it's already a success.

[BBmodBB]

When you first started to post , you were only skeptical  but you gave reasons.
A few weeks passed and you turned into a real "bear" seeing only destruction ahead.
Everything changed and at moments you even seem angry at every good news or development as if it was hurting you.

I did change my signature from "rather skeptical" to "very skeptical" and stated some of the reasons here, buried somewhere in the past 2000 pages or so.   I won't go through them again, it would only trigger the same nasty responses.

I don't like zealots nor the ones believing in the bitpocalypse.

If you care to know, for me the probability of bitcoin (THIS bitcoin) succeeding is positive but rather small; if it fails, I have no idea how long that ill take, and how the price will evolve until then.

^BTC & BTCS(bitcoin scrypt) for latecomers~ why lets all make Love and get rich !!!  tia!!!!

[mooncake]

Cliven Bundy frees some of his his stolen cattle from the Feds... bullish?

Looks like we're finally crossing over on the 3D MACD. With the 1D, 12h, 6h & 4h all in the green for support, could this be a bull run?

When 1W supports, then it is confirmed.
Then again, the chance will be missed to buy cheaply.

Patience, we'll get there...

Probably by tomorrow. 

[keithers]

Would love us to sustain $550 levels again and begin inching upwards from there. As much as the skyrocket is more exciting, the quick rise is always followed by a correction.

[KeyserSoze]

The question is... what does "succeeding" mean?
And there everybody is having different opinions. For a few it's already a success.

This! It's already a success.

This is akin to asking, if Apple closed it's doors tomorrow bankrupt, was Apple a successful company? All companies eventually fail or are bought, and if bought then the parent eventually fails or is bought. If Apple failed tomorrow it still was at one point one of the most successful companies the world has known. If Apple had failed 5 years ago it still would have been successful for over 30 years.

If Bitcoin fails tomorrow it will have succeeded in having solved the 2 General's Problem in a way that would likely allow other digital currencies to capitalize. It also allowed people to use a non-governmental worldwide currency. For some it successfully allowed a nice return on an investment. It will have succeeded in getting governments and banks to understand and hold meetings to discuss what is likely coming down the pike for them via currency.

Bitcoin has lasted 5 years: how many do you need to call it a success?

[magicmexican]

Incoming fat red candles

[ShroomsKit]

Ah yes, because 2 lines cross we all must buy in.
If they cross are you selling your house, taking a loan, to go all in?

Usually when the 2 1-day EMA lines cross, there will be significant price movement. This is because many bots use this to trigger trades.
If you can ride this trend, you can use it to your advantage.

So did you just sell your house to ride this trend and get rich?

[pepo]

Guys , i bought at 336 , this time its going to pass 2k . i bet on it

[BitAddict]

Any bad (FUD or not) news from China for this recent drop?

[ShroomsKit]

Any bad (FUD or not) news from China for this recent drop?

Just someone making sure we don't go up. As always.

[chessnut]

Any bad (FUD or not) news from China for this recent drop?

huobi made a minor announcement, nothing really. it was pretty weak before the announcement, so this is just a natural correction.