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

[Davyd05]

http://qz.com/200602/china-just-revealed-a-major-state-secret-nearly-20-of-its-farmland-is-polluted/

China has much bigger problems than capital flight from bitcoin.

[KeyserSoze]

My call is that we are not out of the woods yet.  I'm anticipating sub-$200 prices an at least one more down-leg and probably several.

My only real concern is that if we see sub-$266 it could shake some old timers up. We could see innovation stagnation. It could really send us into an extended bear market.

We're already in a lopsided situation where although more and more merchants are accepting BTC yet we don't seem to have many consumers on board. Bitcoin has pretty obvious negatives for consumers, who just want "safe and easy." I imagine "safe and easy" is in the pipeline, but of course the problem is it is my imagination only.

My hope is Twitter incorporates it as a tipping mechanism. Much more than Amazon, this to me would signify massive exposure within a highly appropriate use case (just as Reddit's tipbots). That would be a base from which it could explode into ecommerce because of popularity and familiarity, even though personally I do not see Bitcoin as a great payment system for ecommerce at this time.

[Davyd05]

https://www.youtube.com/watch?v=c36UNSoJenI&feature=youtu.be&t=2s but this is why Bitcoin can't be stopped.

[cbutters]

Key TA: Second Batman is higher than the first.... Batman Rising.. Bat Signal... Looks like we are going up.


Also this:

[KeyserSoze]

http://qz.com/200602/china-just-revealed-a-major-state-secret-nearly-20-of-its-farmland-is-polluted/
China has much bigger problems than capital flight from bitcoin.

Is it news China is a cesspool? I mean people are pointing at the multi-million dollar face mask industry because folks feel that industry, of all things, isn't doing enough to stop the pollution they have to live in. That's absurd.
http://www.reuters.com/article/2014/03/25/us-china-mask-pollution-idUSBREA2O0GI20140325

As Sam Kinison once screamed about US Aid for Africa:
If you want to stop world hunger stop sending food to starving people in Africa. Don't send them another bite. Send them a U-haul instead. Send luggage. Send them a guy to tell them they wouldn't starve if they lived where food grows. You understand? You live in a fucking desert! Of course you're going to starve! Nothing grows out here! Nothing's GOING to grow out here! You see this... this is sand, yeah, sand, see? Know what it'll be in a hundred years? SAND!
https://www.youtube.com/watch?v=P0q4o58pKwA

[KeyserSoze]

Key TA: Second Batman is higher than the first.... Batman Rising.. Bat Signal... Looks like we are going up.

To the Bat Cave!

[adamstgBit]

 


i'm back buy Buy BUY!!

 

[strawbs]

i'm back buy Buy BUY!!

 

Defrosted by hot air?

[ChartBuddy]

Explanation

[adamstgBit]

i'm back buy Buy BUY!!

 

Defrosted by hot air?

lol

ya somethin like that

[adamstgBit]

just got back from vacation, a few hours ago, didn't have a chance to watch price for like 7 days, feels weird being on a computer again.

[adamstgBit]

i sold some at the bottom.....
i should have known it was gonna boces back and put in orders...
but i had a hell of a bill to pay 

[adamstgBit]

if you see some profits i recommend selling and then selling some more, make sure to hit my bids, thanks. 

[BitAddict]

if you see some profits i recommend selling and then selling some more, make sure to hit my bids, thanks. 

 

[solex]

I made a call after the early 2013 $250 spike for something testing the $30-is 2011 highs, and I made this call after the initial post-spike low ($60-ish)?

Interesting analysis, however I believe that the 2011 $31 peak was retested but it occurred before the $266 spike. The retest was during the mid-March 2013 chain fork which saw a sharp correction from $48. This is visible on the 3D but lost in the 1W chart.

Similarly, the $266 peak was retested on Nov 10th, visible on the 1D but not the 3D. There was an "air-gap" left in the mid $300s which has largely been filled by the recent dip to $339.

[kurious]

Welcome back, Adam - you were sorely missed.

[JayJuanGee]

Yeah following my predicted correction to $550-590 here: http://www.geekcipher.com/technology/bitcoin-price-prediction-march-2014-through-july-2014/

My prediction thread here: https://bitcointalk.org/index.php?topic=518871

Odd that we don't see you here all the times you guess wrong...

When did I guess wrong? That is my first prediction thread ever as far as I know...It's also the first time I've published my opinion online (GeekCipher).

Where have you been, Cipher? Nearly a month missing from your own "analysis" thread.

It's odd we don't see you here now that you were so incredibly far off the mark with your random price guesses. I'm sorry, I meant "math." That's what you claimed to use, right, when Arepo inquired about your prediction?
https://bitcointalk.org/index.php?topic=518871.msg5816338#msg5816338

I mean you assured us we'd only drop to $580 in March (maybe 550 at lowest), not $450 as we did. Your price acumen also led us to believe we'd see $694 on 4/16 -- why are we at $480? At nearly $220 off the mark that means you're wrong by roughly 45%! Eekgads, man. I guess it's back to peddling stolen software codes and other fishy Bitcoin enterprises...

Here is the post I originally wrote to you but did not submit because I wanted to give you some rope... Enjoy! (imagine this post starts with you asking, "When did I guess wrong?")

-----
You haven't given it enough time yet. You understand humans don't know the future, right? Being correct once or twice or even 3 times about a future event doesn't mean you know anything more about the future than my 3-year old niece or my pet dog. It may make you observant. It may make you fortunate. It doesn't make you future gnostic. Fortunately for your efforts humans are superstitious.

You made the prediction a day ago. I think most people here are assuming it looked like there would be a drop of up to $20-$100 and then believe it'll rise. You didn't exactly go out on a limb. But of course the first thing you do on the drop, to gain trust, is jump into a thread you do not participate in and declare your genius to the world. Your post history has nearly ZERO price prediction before yesterday.

Look, whatever scam you're up to just hasn't played out yet. You're involved in every scammy/scummy Bitcoin enterprise in existence. It is leading to only one end, and that is you running with other people's BTC without them receiving whatever you promised. The community doesn't need any more of YOU.

Seriously, you're selling gift cards, used electronics (oh, by the way you declared you're starting a "bitcoin museum" and are looking for stuff "super cheap"), video game codes, ASIC hosting (how generous of you), hashing power payouts, prognostication services (preparing to sell this, or just driving people to your awesome WP site?), buying used Casascius coins "for fun", etc. You are a walking scam waiting to explode.

You're in the "gaining trust" phase either for a bigger event or waiting to see which smaller scam offers quickest/biggest returns, have likely scammed others in the past (or perhaps you're a young gamer and burgeoning thief?), and are ready to move into the phase where you either start taking payments for pyramids, fortune telling services or start selling more expensive stuff that never arrives.

Or perhaps how long until folks realize their "hosted" machines are supplying the "hashing power" you're selling? You posted in January 2014: "I absolutely LOVE your setup! now to find a datacenter to host some of my miners.." Yet you now offer hosting services yourself? What are you, a Joe Blow reseller who has magically found a way to make ROI on miner hosting? You're probably running a bunch of smaller varying scam setups waiting to see which one begins to pay out the most more quickly.

But you should thank me for this post. Something like it gets posted in the lifetime of every scammer. Unfortunately it causes the dumbest humans to defend you because it does actually appear you haven't scammed anyone yet or haven't been caught. Congrats on that. We wouldn't want to jump to any conclusions about you. So for now, everyone can pile on me and tell me what a terrible human I am. I mean, you're just an entrepreneur, trying to make a buck, right?
-----

BOOM goes the dynamite!  I don't know that guy from Jack, but I love a good verbal beat down and that qualifies. Keyser is Verbal, kint you get it?

Many times I see Keyser's posts are short, but NOT this one....   Good post!!!

[billyjoeallen]

Paycheck Friday looking pretty boring so far. Let's start a rumor that Karpeles is now a supervillain living in Fukashima and demanding a million BTC ransom or he'll flood Tokyo with radioactive frappuccino.

[JayJuanGee]

just got back from vacation, a few hours ago, didn't have a chance to watch price for like 7 days, feels weird being on a computer again.

One or two days ago, I speculated your return would be no later than 4/20 - but thinking more like 4/19 (at least before the poll ended).  In my humble estimation, I was about 80% correct.

Now, if I could get bitcoin prices 80% correct, I would be rich, rich, rich.   

[JorgeStolfi]

I don't know whether this is useful to the readers of this thread, but it seems to be at least interesting:

From George Papageorgiou and Øystein Aaby, former top employees of Neo & Bee
http://www.reddit.com/r/Bitcoin/comments/23cjd9/the_full_picture_of_former_neo_bee_employees/

[ ... ] In defence of the sudden announcement on the 19th of March that the company only had 140 bitcoins remaining, Mr. Brewster stated in front of the same people that he had mis-accounted for 5000 of his own bitcoins, bitcoins he thought he owned but after “checking” a wallet, realised had actually spent them all. [ ... ]

Mr. Brewster claims varying amounts between 1400 and 1700 of the company’s bitcoins were lost in We-exchange/Bitfunder. Mr. Brewster’s claims that none of the company’s coins were lost in Mt. Gox directly contradict information given on the 19th of March to the whole of the management team, that we [ N&B ] in fact lost 2480 bitcoins in Mt. Gox. [ ... ]

At the same time, it appears to us, that he customarily made payments through his Bitstamp account to creditors, and many of us have multiple indications that he was trading there and in every other major exchange. When asked, he always replied that it was his personal holdings. There are conflicting statements from him, which indicate that he never separated the company funds from his personal. Bitcoins lost in the exchanges were at some points reported to be his, and at other the company’s.