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

[chessnut]

bears are dead. nice try, not! nice day trading set up. better watch out for green candles, they come fast and tall in this market.

[ChartBuddy]

Explanation

[RoadTrain]

Bears are really weak these days

[octaft]

bears are dead. nice try, not! nice day trading set up. better watch out for green candles, they come fast and tall in this market.

You might be right, but boy are you setting yourself up for some humble pie if you're not. 

[niothor]

Bears are really weak these days

You can also claim that trains are really slow and have a few delays during Easter.

The whole thing is so calm ..I will certainly miss these quiet days.

[chessnut]

You might be right, but boy are you setting yourself up for some humble pie if you're not.  

hey I never said it's gonna go up. Im sure you can see what position I am holding though  

when I draw an illustration like that, I'm showing what I am either expecting, or hoping to see as a confirmation.

if something happens that is expected to happen, that is the first edge of a day trader.



here, I can see the bear side too  just too lazy to draw it in first time. of coarse, wedges should break out in the direction of the trend. so I am bullish. 

[JayJuanGee]

Non-pershable food is a great investment in any circumstance. It doesn't have to be a doomsday - it could just be a hurricane, a flood, or something like that. You could even take it camping. It will probably rise in value as a commodity. You could sell it. In a worst case scenario, if you never have the need to use it and can't sell it, you could still... eat it and save money over eating out.

Most of the NON-perishable food that I looked at has ingredients of worse than cardboard.  Really, it could kill you from the various anti-nutrition components.  Surely, it would keep you alive in an emergency... but i would NOT recommend eating it for the purpose of saving money b/c when you end up with various negative health outcomes, it is just NOT worth the savings.

I think you're thinking of those ration bars that are made of sugar and flour. The ration bars are only for extreme circumstances of life and death for short timeframes. There are other food kits that are actual food, which are a more longer term solution. Half of what I was buying was MRE (meals ready to eat) that military troops eat for months while on deployment. I used to love them.

Actually, you are correct that the first thing that popped in my head were the various kinds of "nutrition" ration bars that NOT only have sugar and flour, but they contain bad oils as well (soy oils and hydrogenated oils - which are forms of transfat - which the body does NOT tolerate well). 

I just googled MRE ingredients, and I was trying to figure out whether my statement regarding anti-nutrients would stand for those foods as well, and there is NOT a lot of specifics about the ingredients.. like what kinds of oils are contained therein. They probably contain transfats b/c transfats store longer and they are replacement/substitutes for saturated fats.  Our bodies tolerate saturated fats well, but NOT transfats b/c transfats are not natural substitutes that are forced into form.

In the end,  I would NOT consider MREs as nutritious, even though the human body may tolerate them more and on a longer basis and have fewer anti-nutrient's as the bars.  I remain concerned about eating any foods on a regular basis that are intended for long-term preservation b/c some of the preservatives that are contained therein can cause various forms of additional inflammation in the body. 

A young strong troup may be able to tolerate some of that abuse more than other people who may NOT be as young and strong..  Surely, good for troups to be eating food rather than NOT eating.

Anyhow, back to BTC.... we are getting more and more merchant acceptance of BTC which does allow more and more avenues to spend BTC.  Yes, we should all be spending our BTC, when possible, and if BTC prices seem to be too low when we spend the BTC, then we should be replacing that BTC as soon as we spend it.  On the other hand, if the prices are high when we spend the BTC, then we may NOT need to replace the BTC at the then current market rates.

[oda.krell]

Bears are really weak these days :-X

Nah... bears are bored, just like the bulls.

Problem is, if everyone's bored in this market, price usually goes down until we are not bored anymore :D

[rpietila]

I feel like this market is being kept up by hoarding, not by buying. Its almost as if the resistance is coming from an unwillingness to sell more than anything.

Is this not an ultimate sign of a bottom? Price holding even if no fiat is coming? Bitcoin's price kept at $500 by the current adoption of 1 million people? No speculative premium?

I think your 1 million people wallets figure is irrelevant in that we still have this figure in which 90% of bitcoins are held by 500 or so people.

Absolutely.  It's hardly decentralised and is ripe for manipulation at any point by large holders.

And not to mention that Rpietila is in the famous 500 supernodes!  

But actually the way to think is: we know Bitcoin market cap for certain. What we don't know is the number of owners. If there is 500,000 owners, then they own twice as much by dollar value. Which means that it can go up even more because there is more people left!

ADD: Coinbase alone has more than a million customers, or do you think everybody registers with multiple accounts?  
And USA is about 40% of Bitcoin activity...

A million customers...that is pretty unbelievable.
Remember that a lot of people tough that the actual number of Mt.gox users was way higher than the February outcome revealed.
And their website being outside 1000 top us websites by traffic doesn't add too much confidence.

With only 37 millions transactions in the blockchain and with the number of daily one being constant from may last year between the 50-70k range...
I doubt there are that many bitcoin users or HODLERS.

You go accuse coinbase of lying, then..

Mt.Gox leak revealed BTC10 average holding, which is kind of good info.

Btw. just updated the thread in question.

My point being that the smaller the userbase now, the more upside left, so even if it somehow turns out that the whole world only has double the userbase of Finland (which I know from firsthand), it just means more upside.

[ChartBuddy]

Explanation

[dreamspark]

Dump on Stamp lets see if the rest follow...

[boumalo]

Dump on Stamp lets see if the rest follow...

A bear trap before a 4months explosive bull market?

[dyland]

Dump on Stamp lets see if the rest follow...

A bear trap before a 4months explosive bull market?

let us hope so

[seldon]

Bears are really weak these days

Nah... bears are bored, just like the bulls.

Problem is, if everyone's bored in this market, price usually goes down until we are not bored anymore

Often enough this is very true!

[ShroomsKit]

Did i already mention how tired i am of these people dumping and trying to take the price down?

[dreamspark]

Did i already mention how tired i am of these people dumping and trying to take the price down?

Nope must have missed it, tell us again 

[ChartBuddy]

Explanation

[sonofliberty]

Might be a good time to buy.

[JorgeStolfi]

How many of the recently announced bank account closures have actually been removed from the exchanges' deposit options?

All of them, I believe; but I am not sure. 

Huobi's page lists their "recharge card" as the only deposit option. 

I can't find OKCoins info on their site (may need to login for that; their FAQ is more than 1 year old) but from the messages I believe that they too had only their "recharge codes" and perhaps cards too.  Ditto for BTC-China.

Withdrawals through bank transfer still works it seems.

[niothor]

Did i already mention how tired i am of these people dumping and trying to take the price down?

No , I think you actually never mentioned it. For all I remember you were enjoying this and telling people that if they haven't dump they should follow the herd and empty they wallets joining the dumping fiesta.