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

[Carra23]

I am pretty sure that there is only a little chance that we will ever again see $400.
As we know, nothing is impossible - but imo - $400 is really close to impossible.

I was somewhat confident of 400, but Adam saying the same has pretty much snuffed out any hope

[windjc]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

[JorgeStolfi]

Chinese Slumber Method prediction for Thursday April 24

Prediction valid for: Thursday 2014-04-24, 19:00--19:59 UTC (not before, not after)
Huobi's predicted price: 3059 CNY
Bitstamp's predicted price: 487 USD





[ Plot legend ]

Today's data point was rather good, (S = 0.0039 W = 0.742), and not too much below the previous trend line (by 54 CNY).  It seems still valid to use a straight-line trend, fitted by weighted least squares to the last five points, Apr/19--23.  Namely, A + B*(d-d0), where d-d0 is the number of days since Apr/19, A = 3151.11 and B = -18.42.

The Bitstamp prediction, as usual, is the Huobi prediction divided by the currency conversion factor R, which was assumed to be 6.28 CNY/USD. It was 6.28, 6.34, 6.27, 6.25, 6.26 at the last four Slumber Times.
 
Checking the previous prediction

Prediction was posted on: Tuesday 2014-04-22, 22:35 UTC
Prediction was valid for: Wednesday 2014-04-23, 19:00--19:59 UTC (~20 hours later)

Huobi's predicted price: 3112 CNY
Huobi's actual price (L+H)/2: 3058 CNY
Error: 54 CNY (~9 USD)

Bitstamp's predicted price: 494 USD
Bitstamp's actual price (L+H)/2: 487 USD
Error: 7 USD
 
NOTE: "Why should someone who knows something conceal it?"
  -- Sumerian "proverb", from an Assyrian school exercise collection

[lynn_402]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

I'm quite sure that even if Bitcoin was to fall to 10$, there'd be as much bullish sentiments all along the way down.
It is too unique and filled with potential, for people to simply view it as if it was a stock and react accordingly.

[BitChick]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Some of us have learned how to be bullish at all times.  

[plasticAiredale]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Well this is a Bitcoin forum, kind of makes sense that the majority of people here would want Bitcoin to succeed. And to a large majority of them, success means higher prices, regardless of what TA would suggest sentiment should be.

Plus the amount of troll posts in this thread is over 9000. I think it has driven a few "normal" Bitcoin folks crazy.

Bitcoin is great!  Let's all HODL some for long times!

[JorgeStolfi]

I just improved the Wikipedia article about MACD.  Then I read it to learn what MACD was. 

Er, um, sorry, but I am not impressed.  The interpretation of those crossing signs sounds a lot like haruspicy. 

[Carra23]

This board is so bullish its amazing. A testimony to bitcoin indeed.

Its a testimony to greed.

Bitcoin rising makes me rich, as simple as that.

[ChartBuddy]

Explanation

[cech4204a]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Some of us have learned how to be bullish at all times.  

Learn me how, i need that optimizm

[KeyserSoze]

I just improved the Wikipedia article about MACD.  Then I read it to learn what MACD was. 

And all this time I thought it was something to do with the McDonald's Big Mac Deluxe.

[BitChick]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Some of us have learned how to be bullish at all times.  

Learn me how, i need that optimizm

Hold for a year and after a couple of bull runs you will understand how Bitcoin is the "honey badger" of money. 

[JayJuanGee]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Well this is a Bitcoin forum, kind of makes sense that the majority of people here would want Bitcoin to succeed. And to a large majority of them, success means higher prices, regardless of what TA would suggest sentiment should be.

Plus the amount of troll posts in this thread is over 9000. I think it has driven a few "normal" Bitcoin folks crazy.

Bitcoin is great!  Let's all HODL some for long times!

Three cheers for HODL!!!!!!
Three cheers for HODL!!!!!!
Three cheers for HODL!!!!!!
Three cheers for HODL!!!!!!

[Carra23]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Some of us have learned how to be bullish at all times.  

Learn me how, i need that optimizm

Hold for a year and after a couple of bull runs you will understand how Bitcoin is the "honey badger" of money. 

It was a real pleasure seeing you urging everyone not to sell as Bitcoin came down slowly from 800.

[adamstgBit]

[BitChick]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Some of us have learned how to be bullish at all times.  

Learn me how, i need that optimizm

Hold for a year and after a couple of bull runs you will understand how Bitcoin is the "honey badger" of money. 

It was a real pleasure seeing you urging everyone not to sell as Bitcoin came down slowly from 800.

With Bitcoin reaching new all time highs once or twice a year I think it is wise to hold, even for those that purchased at $800 or even $1200.

However, if you want to sell go ahead!

[ChartBuddy]

Explanation

[Carra23]

This board is so bullish its amazing. A testimony to bitcoin indeed.

I don't know to make of it. On one hand, all this bullish sentiment should mean that we haven't capitulated yet.

But I know that's not a complete picture.

Some of us have learned how to be bullish at all times.  

Learn me how, i need that optimizm

Hold for a year and after a couple of bull runs you will understand how Bitcoin is the "honey badger" of money. 

It was a real pleasure seeing you urging everyone not to sell as Bitcoin came down slowly from 800.

With Bitcoin reaching new all time highs once or twice a year I think it is wise to hold, even for those that purchased at $800 or even $1200.

However, if you want to sell go ahead!

No, thank you, I sold at 800 and recently at 550.

[chessnut]

No, thank you, I sold at 800 and recently at 550.

even if the price in fact reached 550 recently, that would not be a convincing tale. perhaps try 540?

[Carra23]

No, thank you, I sold at 800 and recently at 550.

even if the price in fact reached 550 recently, that would not be a convincing tale. perhaps try 540?

It went above 550, I trade at Btc-e. Maybe you should try a new pair of glasses.

If you are being pedantic then I sold at some 548 or something like that, and that too not together. I have staggered buys and sells.

There is nothing wrong in being bullish. Keeping on saying it is going to the moon, do not sell when price was 1000 was just stupid.