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

[oda.krell]

I have NO problem with the example that you just provided, yet without seeing specifics, your comment seems like a broad generalization b/c in any group, there will be some people who act out, but are NOT representative of the group. 

Surely, you may be correct that a large number of bulls were (and have been) denying the importance of china, even while BTC prices were falling.  Nonetheless, we would need a context if we would say that a bunch of these BTC moonstruck bulls were overly misusing the term FUD as a means to avoid reality and to denigrate their distractors. 

In the end, I maintain that redefining FUD, as a smart-ass response to intentionally exaggerate the detachment of some of these posters from reality does NOT move along the conversation in a productive direction and it seems to be purposefully denigrating and incitement - like saying that bulls are part of a cult or a religion or some of those other bearshit comments.

I believe that most bulls can accept when bears talk bearish, so long as they substantiate their comments and use logic, reason and disclose when they are merely asserting a guestimate.

Agreed on most of what you say.

But I still think you apply a double standard: bears would accept bulls talking as long as they provide reasons for their claims, and bears... you're not seriously going to claim that bulls are on average "more reasonable" than the bears posting here?

At least the way it looks to me, the ratio of exuberant, resistant to reason bulls to bulls in total is about the same as that of permanently pessimistic, resistant to reason bears to bears in total. Just the numbers bulls vs. bears in total is heavily in favor of bulls, which is okay, considering that this is, in the widest sense, a pro bitcoin forum.

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[JayJuanGee]

I have NO problem with the example that you just provided, yet without seeing specifics, your comment seems like a broad generalization b/c in any group, there will be some people who act out, but are NOT representative of the group. 

Surely, you may be correct that a large number of bulls were (and have been) denying the importance of china, even while BTC prices were falling.  Nonetheless, we would need a context if we would say that a bunch of these BTC moonstruck bulls were overly misusing the term FUD as a means to avoid reality and to denigrate their distractors. 

In the end, I maintain that redefining FUD, as a smart-ass response to intentionally exaggerate the detachment of some of these posters from reality does NOT move along the conversation in a productive direction and it seems to be purposefully denigrating and incitement - like saying that bulls are part of a cult or a religion or some of those other bearshit comments.

I believe that most bulls can accept when bears talk bearish, so long as they substantiate their comments and use logic, reason and disclose when they are merely asserting a guestimate.

Agreed on most of what you say.

But I still think you apply a double standard: bears would accept bulls talking as long as they provide reasons for their claims, and bears... you're not seriously going to claim that bulls are on average "more reasonable" than the bears posting here?

At least the way it looks to me, the ratio of exuberant, resistant to reason bulls to bulls in total is about the same as that of permanently pessimistic, resistant to reason bears to bears in total. Just the numbers bulls vs. bears in total is heavily in favor of bulls, which is okay, considering that this is, in the widest sense, a pro bitcoin forum.

I agree to the extent that you may be saying that some bears can be reasonable and some bulls unreasonable.

To me, it does NOT make a whole lot of sense for some bears to be involved in this forum, especially, if they are NOT contemplating investing.  It makes more sense for a day-trader bull to be involved in this forum. 

So, personally, I find it a little irritating to be dealing with the bears who are NOT at all invested and have NO intention to invest, and I question their motives, even those, such as Jorge, who once in a while make a contribution to the dialogue.

Overall, we may NOT disagree very much, just a matter of degree - or maybe if we get into  a specific scenario, we may disagree on where to place the emphasis.

[oda.krell]

I agree to the extent that you may be saying that some bears can be reasonable and some bulls unreasonable.

To me, it does NOT make a whole lot of sense for some bears to be involved in this forum, especially, if they are NOT contemplating investing.  It makes more sense for a day-trader bull to be involved in this forum. 

So, personally, I find it a little irritating to be dealing with the bears who are NOT at all invested and have NO intention to invest, and I question their motives, even those, such as Jorge, who once in a while make a contribution to the dialogue.

Overall, we may NOT disagree very much, just a matter of degree - or maybe if we get into  a specific scenario, we may disagree on where to place the emphasis.

I wrote, a few posts ago, that I believe ultimately everyone sane posting here must be bullish, at least on a long enough time line.

Those who aren't, seem to believe they have to "reform" us in some way. I don't know many in here who I suspect to suffer from that delusion, jorge being one of those who I genuinely believe have no intention to invest, but simply wants to "fight irrationality" or something like that.

Most bears here, even the so called "perma bears", are on some level bullish. They might think price is grossly overinflated, and has been for years. That's not very rational either, imo, but they are not on here without having any skin in the game, or never having had any.

[dreamspark]

Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

The last 20 pumps were part of a pump and dump. I guess people are so used to this now that they automatically start selling after a 10 or 15 dollar rise. It's not smart to buy more at that point if there is a big chance there will be some big dumps again.
As what often happens with Bitcoin trading the expectations of a certain scenario actually enable that scenario while it might never have happened in the first place.

This is true, its just starting to feel a little different though, perhaps its the boredom in me wishing it to do something but the hangover of November/December seems to be lifting a little.

[TakeTheSkyRoad]

Google bans Bitcoin!!

http://www.coindesk.com/secure-wallet-extension-kryptokit-disappears-chrome-browsers/

It looks really bad. Only a week after SecondMarket got their bank account banned due to Bitcoin, now google takes the next step.´
 

like herpes... doesnt quite go away, flares up when least expected.

This article has been updated since :

UPDATE (20th May, 9:30 GMT): Co-founder Steve Dakh says Google has now responded and reinstated KryptoKit’s account, meaning users should now be able to access their wallets again. Still no detailed reason has been given for the removals.

[dreamspark]

Google bans Bitcoin!!

http://www.coindesk.com/secure-wallet-extension-kryptokit-disappears-chrome-browsers/

It looks really bad. Only a week after SecondMarket got their bank account banned due to Bitcoin, now google takes the next step.´
 

Welcome back Fonz, the FUD stores must really be running dry at the moment if thats the best youve got. You've had two weeks to produce some quality bear material and this is all you come up with. Disappointed.

[Todorius]

I'm so sorry for all the bears who really hoped we would visit the lower 300's again.
The really really wished for it so badly, to justify their short position.

Well, sorry guys. Now you'll have to buy in at some point.
On second thought, I'm not sorry at all. Actually I'm laughing my *ss off right now.

[ChartBuddy]

Explanation

[zimmah]

Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

Maybe a rally without china would be very bullish. It will show the world that we don't need china for a rally, and everyone who is not Chinese will panic less when china does something stupid again like banning bitcoin. Mainwhile the Chinese will realize even mrie how important it is to own bitcoin and they will try everything they can to get their hands on them, regardless of what their government thinks about bitcoin.

[dreamspark]

Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

Maybe a rally without china would be very bullish. It will show the world that we don't need china for a rally, and everyone who is not Chinese will panic less when china does something stupid again like banning bitcoin. Mainwhile the Chinese will realize even mrie how important it is to own bitcoin and they will try everything they can to get their hands on them, regardless of what their government thinks about bitcoin.

Well at least a decent west led rally, you wouldn't find the west shooting off without China at all as the arb bots would kick in.

[ShroomsKit]

Is that in then or are we pausing to let a few more passengers on?

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

Maybe a rally without china would be very bullish. It will show the world that we don't need china for a rally, and everyone who is not Chinese will panic less when china does something stupid again like banning bitcoin. Mainwhile the Chinese will realize even mrie how important it is to own bitcoin and they will try everything they can to get their hands on them, regardless of what their government thinks about bitcoin.

You talk like Bitcoin traders are smart people who can think for themselves. Funny.

[zimmah]

True, arb would happen in such case, but you would easily be able to tell by relative volume and which exchange is leading the price changes.

[pandacoin]

I think it's time to change the poll.

[ChetnotAtkins]

Yeah the same old game. The price rises a little and all the bulls crawl out of their hideouts to bathe in self-praise while laughing about bears. Two days later they are gone again. And vice versa of course.

[ChrisML]

Yeah the same old game. The price rises a little and all the bulls crawl out of their hideouts to bathe in self-praise while laughing about bears. Two days later they are gone again. And vice versa of course.

I actually think we will see a nice rise this week. Without any dumping at the end.

[JorgeStolfi]

Huobi's volume is still decreasing over the last week or so, is it going to dwindle into non existence?

I would very much like to know how their revenue is doing these days.  Of course CoinDesk would not ask such an indelicate question in their interview.

http://www.coindesk.com/chinese-exchange-ceos-regulations-future-plans/

http://tradeblock.com/research/an-analysis-of-the-interview-with-mark-karpeles-ceo-of-mt-gox/

[Blue]

hahaha ;-)

ok. but is it going up or down ?

[Davyd05]

I think the pictures show that Huobi is nothing like Gox... and the people who took the Photo did a much better job framing it for Huobi.

[ChartBuddy]

Explanation

[Erdogan]

A cautious rise at about 10 dollars a week going forward, that would be a perfect build-up to the second half year moon tour.