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

[JayJuanGee]

For example?   If I call your ideas or your conclusions "stupid-ass," I am NOT calling you stupid ass... I am suggesting that your argument is baseless or lacking facts or lacking logic or does NOT follow from the information that is known. 

So I am NOT sure what you mean about me NOT leading by example? I rarely engage in personal attacks of other posters, besides suggesting some of their ideas are fucked (or some other explicative).  ONLY sometimes I get pissed off a little bit more than may be necessary at someone pursuing a bunch of silly ass ideas and/or seeming to want to argue, just for the sake of argument.

You may be correct that from time to time I go too far  in my comments, and I could be a little more polite.  That is possible.  However, a problem with having a forum without rules is that it becomes contagious to engage in this kind of conduct (or potentially a disadvantage if a poster refrains from it) or even irresistibly tempting to throw out a few extra explicative, here and there.   

You know the expression that it may NOT be very useful to bring a knife to a gun fight.  Accordingly, the rule of the community sometimes affects conduct.

Ultimately, I believe for the most part I am fairly restraint in the area of personal attacks that I make or my stating conclusions without some basis.  I am pretty minimal with FUD-like spreading... so I would like to hear what you believe from you assessment of the situation that I do or say that is NOT leading by example?

What I mean is calling my conclusions "stupid-ass" doesn't serve much purpose but to antagonize, especially when I haven't drawn any real conclusions (other than the joke one that I gave you the little wink on and everything). You can word that a lot better and still get your point across.

Yes, it is possible that I used words that were stronger than necessary to make my point; however, without really being able to put my finger on the situation, exactly, I am getting the sense that you are being quite disingenuous with your pursuit to engage me in various topics, including this one.  So maybe my language was a bit stronger than it needed to be - even though I was attempting to be descriptive of my frustration that you seemed to have been purposefully missing various points attempting to describe matters in ways other than what they were.  In the end, I think my response was appropriate and within a context in which the response seems to fit.

I honestly am not bothered by a little bit of antagonizing. Then again, I'm not the one who wants stricter moderation.

I am NOT bothered by some antagonism, too, b/c I expect some of this to take place whether forums are strict or not there is going to be antagonism b/c we are dealing with quasi-anonymous posts. 

Yes, I stated my opinion that the forum would be better with more policing and/or elimination of trolls.  However, I do NOT really expect it to change anytime soon b/c there seems to be considerable tolerance for trolls in this forum.  I will deal with the antagonism, but I remain unafraid to express my preference for better moderation.

[JayJuanGee]

I don't think of the upcoming drop so much as a prediction, but as a painfully obvious feature of the chart that I thought we all agreed on.

I did NOT know that there was any one chart that everyone agreed upon.  I am NOT even sure if everyone agrees that the sun is coming up in the east, tomorrow.   

[JayJuanGee]

Just a little disappointed in myself that I did not short more. I had plenty of time to do so and I was a little too cautious, as bulls have been putting up a fight (sort of) and I hedged my bets, so to speak.

There is still a chance we get a bump before the crash, but I'm not too optimistic.

There are major storm clouds on the horizon right now.

At what price point would have you shorted?  We have been floating between $430 and $460 for more than 2 weeks, so if you really expect a crash, what  is the difference between shorting now at $430 instead of $460.. NOT much different.

Personally, i am NOT as confident as you are purporting to be about some inevitable fall in prices - even though a fall in prices is possible, I do NOT want to get screwed in the event that prices do NOT fall... safer in my view to HODL...

[rpietila]

For those who are reasonably well-informed about where the price is going, check out the odds at this competition:

After your entry, you have 50mBTC at stake, and there is 1,400mBTC in the prize pot, divided among 8 contestants.

That's 3.5x return (+250% EV)!

Compares pretty well with the negative-sum games of shorting bitcoin..  

About 14 hours left.

[Ultros]

It always been difficult for me to short bitcoin because of how painfull it is to see it rally when I'm not full in. For some reason, it's way easier for me to see it fall and hold.
I'd probably make more money if I could get rid of that bias.

[cech4204a]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

Is bankruptcy the only possible reason for an exchange to close?  

still asking, any clues or you are just affraid ?

Afraid of what? LOL!
It's been hammering bitcoin's price for more than a month now... I can't believe you're too stupid to see that..

Anyway, I'm gonna spoon-feed the moron so here you go. Here's one  
 http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

[akujin]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

Is bankruptcy the only possible reason for an exchange to close?  

still asking, any clues or you are just affraid ?

Afraid of what? LOL!
It's been hammering bitcoin's price for more than a month now... I can't believe you're too stupid to see that..

Anyway, I'm gonna spoon-feed the moron so here you go. Here's one  
 http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

Wow! I better not argue with an idiot   

FUD? You mean the news I posted or the 62% drop? 
If you mean the news, well it's posted in their website so that's a fact.
And if you're talking about the 62% drop, that's a "What if " situation.. I hope you read it. LOL! 

[N12]

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

aka Facts U Dislike

[cech4204a]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

any clues ? gox was so obvious that even policemans would see the scam. 1-2 months of delays for withdraws ...cmon where is that in exchanges out there today ? nowhere.

Is bankruptcy the only possible reason for an exchange to close?  

still asking, any clues or you are just affraid ?

Afraid of what? LOL!
It's been hammering bitcoin's price for more than a month now... I can't believe you're too stupid to see that..

Anyway, I'm gonna spoon-feed the moron so here you go. Here's one  
 http://www.cryptocoinsnews.com/news/chinese-bitcoin-exchange-fxbtc-closing-510-unprecedented-pressure-peoples-bank-china/2014/05/02

this is nothing new, everyone knows china is banning exchanges, so still a question here, any clues ? no ? so stop with FUD.

Wow! I better not argue with an idiot  

FUD? You mean the news I posted or the 62% drop?  
If you mean the news, well it's posted in their website so that's a fact.
And if you're talking about the 62% drop, that's a "What if " situation.. I hope you read it. LOL!  

let me be idiot for you, but you still can't explain your first statement (to remind you smart-ass guy:" What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  Grin Grin Grin"), still waiting for clue, untill then, you are just scared smart-ass who is doing FUD without a clue.

EDIT: still no clue? well thats what i knew before.

[akujin]

I pity you  

EDIT: I already given you some clue... You're just too stupid to see it.  I think you need to watch blue's clues to sharpen your brain


 

And now...


 

[inca]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.

What? Ok, since you don't want to actually look at my post history in more detail, let me clarify for you ---> soon, we could make a run towards 340. If that does not hold, then we are in position to fall to 270 in the intermediate future.

If all the chinese exchanges closed within a few days of each other, we could make a run at 270 even sooner.

I don't know if we will, but I have been preaching for weeks, that unless we get some fresh fiat in here, we will continue to go lower.

Look, its Monday - the best day of the week for bitcoin and the market is going lower. Whoduthunkit?

Blah blah blah. You are a perma bear who posts constant clap trap to try and manipulate others on here to sell.

You don't have the power to move the market, therefore you have no idea in which direction the market is going to move. You simply react. Any plonker can draw a downward sloping line on a chart and prognosticate, but the truth is you dont actually know and when the market turns upwards it will catch you out as always.

Not sure why I took you off ignore, but that has now been remedied.  

[ChartBuddy]

Explanation

[ShroomsKit]

What if another gox-like dump happen? 62% drop from 430 = hello 266.. LOL!  

Pretty much.

There is less support (bid depth) now than there was then. Its just a matter of time before we make a run at 340.

3-5 posts earlier you were talking about 270, now it's 340, you have no clue what will happen, you just would like to see low price to jump on train.

What? Ok, since you don't want to actually look at my post history in more detail, let me clarify for you ---> soon, we could make a run towards 340. If that does not hold, then we are in position to fall to 270 in the intermediate future.

If all the chinese exchanges closed within a few days of each other, we could make a run at 270 even sooner.

I don't know if we will, but I have been preaching for weeks, that unless we get some fresh fiat in here, we will continue to go lower.

Look, its Monday - the best day of the week for bitcoin and the market is going lower. Whoduthunkit?

Blah blah blah. You are a perma bear who posts constant clap trap to try and manipulate others on here to sell.

You don't have the power to move the market, therefore you have no idea in which direction the market is going to move. You simply react. Any plonker can draw a downward sloping line on a chart and prognosticate, but the truth is you dont actually know and when the market turns upwards it will catch you out as always.

Not sure why I took you off ignore, but that has now been remedied.  

Couldn't have said it better.

[p0peji]

Fucking hell, how boring is the BTC market going to get? 

[inca]

Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing.  He was very bullish for the second half of last year, even before the upturn in November.

Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2. 

Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).

Now, more than ever, its time to realise BTC is about the technology not the currency.

You can predict the future price from the orderbook?

The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend. Then you will see buying, and when miners see the price rising they will hold out for higher prices and supply will dry up, prices will rise, sentiment on here will magically follow price action and.. you've seen what happens next no doubt.

Do i pretend I know when it will happen? No. But it does not require the intervention of a tooth fairy and I doubt any whale(s) entering the market and triggering a trend change will give advance notice to the trolls on here.

[ChartBuddy]

Explanation

[cech4204a]

I pity you  

EDIT: I already given you some clue... You're just too stupid to see it.  I think you need to watch blue's clues to sharpen your brain


 

And now...


 

Gone ;-) but you still have no clue (old news are not clue)

[rpietila]

[50K BTC]

The price has fallen back from the ATH. Last month it hit the low 3xx's. It takes a relatively modest amount of buying to improve the technical picture and break us definitively out of this down trend.

+1

Voice of reason.

The new purchase of BTC50k for $20M is not a big money for 10,000s of entities, even acting alone.

At this point, it will have a huge impact on price.

We are talking about <1% of all bitcoins. More are not for sale at even close to this price.

[check07]

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

[niothor]

Windy is hardly a perma bear, he's one of the few here who actually changes his opinion after weighing up what the market is doing.  He was very bullish for the second half of last year, even before the upturn in November.

Everyone seems to be in denial (cue pictures of Egyptians) at the moment but what he is saying is pretty basic -- people have to buy BTC for the price to go up and there is no new currency on the order books, the bid/sum ratio is creeping back to 1:2.  

Everyone seems to think the toothfairy is going to wave her magic wand and buy 50K BTC out of nowhere (but I suspect she is a bit disillusioned with BTC and its associate fraudsters, dodgy exchanges, bans and bad press).

Now, more than ever, its time to realise BTC is about the technology not the currency.

Never use everyone , everything...
It sounds like you're the only one holding the supreme truth and this is hardly the case.

Besides , you shoudn't take this board as a model of how the market feels. I doubt that more than 10% of the top 10 traders and holders of BTC use this forum frequently.

Isn't it ironic that the libertarian bitcoiners, champions of laissez-faire capitalism, are betting all their life savings on the hope that the Satoshi Bitcoin will be one day the only cryptocurrency in the market, so that they can charge monopoly prices for it?

No , it's ironic that from February till now you haven't understand what BTC is really about.