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

[windjc]

Ive got a chart too



any surprises a head and shoulder on two major trend lines, one turned support?

You're using a linear chart. I told you guys there would be a trap with a breakout on linear chart but resistance by logarithmic chart.

you went bullish when it broke the huobi logarithmic wedge.

And he admitted the mistake he made was not getting confirmation on the breakout that failed.

Some of us can admit mistakes. Unlike YOU.

[billyjoeallen]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

[windjc]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

[chessnut]

And he admitted the mistake he made was not getting confirmation on the breakout that failed.

the market can go up or down windjc, I can say two thing and one must come true. if TERA said a bear trap was coming when the breakout failed well thats hardly predictive.

[windjc]

And he admitted the mistake he made was not getting confirmation on the breakout that failed.

the market can go up or down windjc, I can say two thing and one must come true. if TERA said a bear trap was coming when the breakout failed well thats hardly predictive.

Seriously. You and Risto and George W. Bush are the 3 people least likely to admit a mistake I have ever seen.

[TERA]

Ive got a chart too



any surprises a head and shoulder on two major trend lines, one turned support?

You're using a linear chart. I told you guys there would be a trap with a breakout on linear chart but resistance by logarithmic chart.

you went bullish when it broke the huobi logarithmic wedge.

Right. I got carried away too early and made a fool of myself that day. I would have been bullish if the logarithmic breakout had persisted but instead it only went up a tiny amount before being violently thrown back hours later.

[chessnut]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

Billy, I wasnt accusing you, it's windjc that I have that argument with.
yeah no problem windjc. you are good to have around.

[chessnut]

And he admitted the mistake he made was not getting confirmation on the breakout that failed.

the market can go up or down windjc, I can say two thing and one must come true. if TERA said a bear trap was coming when the breakout failed well thats hardly predictive.

Seriously. You and Risto and George W. Bush are the 3 people least likely to admit a mistake I have ever seen.

you are the least likely person to make a valid response to anything.

[edwardspitz]

https://www.okcoin.com/t-1008600.html

Thanks!  But the Google Translate output is confusing; I cannot tell whether it is about OKCoin's bank account, or a customer worried that his personal bank account could be closed for having used it to deposit into OKCoin.  If you read Chinese, can you confirm that the question and answer refer to OKCoin's account? 

I cannot read Chinese but I think it is a customer worried that his personal bank account could be closed for having used it to deposit into OKCoin. I sometimes try translating to a few other languages in Google Translate if the meaning is not clear when translating to English or my own language.

[windjc]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

Billy, I wasnt accusing you, it's windjc that I have that argument with.
yeah no problem windjc. you are good to have around.

Hey Chessnut. You wanna make a bet on whether Houbi rallys from here?  Lets say I win if Houbi makes lows lower than 2555 and you win if it gets to 3255 first. We are 50% right in between the two at the moment.

I'll bet any amount you can afford.

For fun.

[chessnut]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

Billy, I wasnt accusing you, it's windjc that I have that argument with.
yeah no problem windjc. you are good to have around.

Hey Chessnut. You wanna make a bet on whether Houbi rallys past 3500 from here?  Lets say I win if Houbi makes lows lower than 2555 and you win it makes gets to 3255 first. We are 50% right in between the two at the moment.

I'll bet any amount you can afford.

For fun.

Im already betting on the market. Im not going to mess around with escrow, unless you want to honour the bet.

[windjc]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

Billy, I wasnt accusing you, it's windjc that I have that argument with.
yeah no problem windjc. you are good to have around.

Hey Chessnut. You wanna make a bet on whether Houbi rallys past 3500 from here?  Lets say I win if Houbi makes lows lower than 2555 and you win it makes gets to 3255 first. We are 50% right in between the two at the moment.

I'll bet any amount you can afford.

For fun.

Im already betting on the market. Im not going to mess around with escrow, unless you want to honour the bet.

Mess around with escrow? What does that mean? Sounds like a silly excuse.

I will honour the bet if we agree. Will you?

[JayJuanGee]

Has this 40K btc purchased news actually been confirmed by anyone as legitimate? I saw it linked on some Chinese site. Perhaps it's a Chinese pump before their next dump.

This purchase could technically happen 300 times. But who is to say it will happen even one more time? It takes more than just some occasional institutional investor to cause a reversal - there needs to be a trend of new people getting interested and actually wanting to use the technology, or a new market.

The daily chart is trumped by the weekly ema downcross. All the little patterns and indicators you are looking at will just get erased with a random giant red candle out of nowhere.

yeah it was confirmed.

how could it happen 300 times? that's wishful thinking. 300 market orders? or shall they put up a 5 million BTC buy wall on bitstamp?

I am using the daily chart. and I wish that you could guarantee that my 'little patterns' will be wiped out, but you cant. what we are seeing now  believe is the market preparing for July, when for the first time legit exchanges will be opening in America. we will see all the legit money that's been held back,  and perhaps china follow the lead of the USA as expected.

I'm afraid that China will not follow anything at that point, because I believe that real Chinese Exchanges will be a thing of the past at that point. The current Chinese exchanges made it too easy for common chinese people to obtain, use and invest in bitcoin. The Chinese government does not want that. I don't think they will ban bitcoin all together, they just seriously do not want the common people to get involved with bitcoin. They won't ban it per se for several reasons. First it will be seen as a backward move. Second they have industry (miners and hardware/chips manufacturers) that they want to survive and profit from bitcoin. Maybe they also want someone to profit from Bitcoin speculation, just not the common man. I think the writing is on the wall. Their policy is a major setback for bitcoin adoption in China. I am still hoping that Bitcoin will be powerful enough to pull through, but it is not looking good at the moment in my opinion.

Another month or two of this various bull - sheit... and many of us will be completely disheartened.     Then, BTC will be ready for its price rally.

[JayJuanGee]

A Gambling company.  Casino owners know value? I lived in Vegas before the great 2008 Crash. I assure you they do not.

I said Gaming, not Gambling.

Yes, your attempt at spin is obvious.

hmmm not sure whats your point.

a gaming company buying bitcoin is uber bullish. the innovators have foreseen that this would be one of the first applications in the real world. ithe next wave is beginning.

I am not denying that gambling is an excellent use case for Bitcoin. I am saying that casino operators aren't any better at market timing than anyone else.

I said GAMING.

DDDDOOOOOONNNNTTT   YELL.     

[Dabs]

PM me if anyone needs escrow. I get tired just keeping up on this thread and end up skipping entire pages.

[windjc]

PM me if anyone needs escrow. I get tired just keeping up on this thread and end up skipping entire pages.

Apparently bulls are incapable of following through on a bet and terrified of escrow.  They sure are good at posting all kinds of charts and lines about how we are going "Up, Up, Up!" though.

[TERA]

I don't understand why a bull would want to make a bet when they can just hold bitcoins securely.  A bear would be more likely to want to make a bet because to short the market he has to trust a broker the whole time.

[chessnut]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

Billy, I wasnt accusing you, it's windjc that I have that argument with.
yeah no problem windjc. you are good to have around.

Hey Chessnut. You wanna make a bet on whether Houbi rallys past 3500 from here?  Lets say I win if Houbi makes lows lower than 2555 and you win it makes gets to 3255 first. We are 50% right in between the two at the moment.

I'll bet any amount you can afford.

For fun.

Im already betting on the market. Im not going to mess around with escrow, unless you want to honour the bet.

Mess around with escrow? What does that mean? Sounds like a silly excuse.

I will honour the bet if we agree. Will you?

you offer me the odds, and Ill let you know. you could set up a private bet on bit bet. I'd go for that. Im not going to bet a fun amount, my coins are mostly in cold storage and on the exchange tied up as capital.

[ChartBuddy]

Explanation

[windjc]

you sold at 430. I bought at 430. you lose.

My average buy in is <$40. My average sell price is ~$400.  If that's losing, I'll take it.

How about this one.

I trade 1000s of bitcoins. Chessnut trades single digits. If that's losing, I'll take it.

Billy, I wasnt accusing you, it's windjc that I have that argument with.
yeah no problem windjc. you are good to have around.

Hey Chessnut. You wanna make a bet on whether Houbi rallys past 3500 from here?  Lets say I win if Houbi makes lows lower than 2555 and you win it makes gets to 3255 first. We are 50% right in between the two at the moment.

I'll bet any amount you can afford.

For fun.

Im already betting on the market. Im not going to mess around with escrow, unless you want to honour the bet.

Mess around with escrow? What does that mean? Sounds like a silly excuse.

I will honour the bet if we agree. Will you?

you offer me the odds, and Ill let you know. you could set up a private bet on bit bet. I'd go for that. Im not going to bet a fun amount, my coins are mostly in cold storage and on the exchange tied up as capital.

What? The odds are 1 to 1.

We are 50% between 2555 and 3106. 

Which one do we hit first?

As you have less coins than me, I deferred the choice of amount to you.