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

[ErisDiscordia]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

I don't think you were around last time when I recommended reading this for those who seek to understand Bitcoin

http://principiadiscordia.com/

I approve of this message. And because yesterday was a most holy discordian day (FRIDAY the 23.5.) I hereby pronounce all readers of this thread to be discordian popes.

A pope is somebody who is not under the authority of the authorities.

"The rights of a =POPE= include but are not necessarily limited to:

    1. To invoke infallibility at any time, including retroactively.
    2. To completely rework the Erisian church.
    3. To baptise, bury, and marry (with the permission of the deceased in the latter two cases).
    4. To ex-communicate, de-ex-communicate, re-ex-communicate, and de-re-ex-communicate (no backsies!) both his-/her-/it-/them-/your-/our- /His-/Her-/It-/Them-/Your-/Our -self/selves and others (if any).
    5. To perform all rites and functions deemed inappropriate for a Pope of Discordia.

Please note that discordians are forbidden to agree with each other.

Fnord

I take it this is like the flying spaghetti monster of political ideologies?

No. It is a complicated joke disguised as a religion. Or a religion disguised as a complicated joke. No one knows for sure.

[octaft]

Still no ideas of where this rally is coming from (China, West, ...), nor why?

It seems that the price stops increasing for 2-3 hours around 19:00 UTC every day, which is 03:00 in China.  So I would think that China STILL sets the price.

Perhaps some Chinese exchange already started operating offshore, and is in beta-test by selected clients?

I don't think you were around last time when I recommended reading this for those who seek to understand Bitcoin

http://principiadiscordia.com/

I approve of this message. And because yesterday was a most holy discordian day (FRIDAY the 23.5.) I hereby pronounce all readers of this thread to be discordian popes.

A pope is somebody who is not under the authority of the authorities.

"The rights of a =POPE= include but are not necessarily limited to:

    1. To invoke infallibility at any time, including retroactively.
    2. To completely rework the Erisian church.
    3. To baptise, bury, and marry (with the permission of the deceased in the latter two cases).
    4. To ex-communicate, de-ex-communicate, re-ex-communicate, and de-re-ex-communicate (no backsies!) both his-/her-/it-/them-/your-/our- /His-/Her-/It-/Them-/Your-/Our -self/selves and others (if any).
    5. To perform all rites and functions deemed inappropriate for a Pope of Discordia.

Please note that discordians are forbidden to agree with each other.

Fnord

I take it this is like the flying spaghetti monster of political ideologies?

No. It is a complicated joke disguised as a religion. Or a religion disguised as a complicated joke. No one knows for sure.

Your words say no, but your explanation says yes.

[ChartBuddy]

Explanation

[JayJuanGee]

Weird how people suddenly are dumping. They are just so afraid we might go down again.

Let them dump, it has not much of effect. We went down $15,-. Been there, done that.

The sooner the retards are gone the better

I call another try for that wall $550,- within the next 24 hours. Before that we might see $505 on Bitstamp, but thats about it.

lol I was thinking about dumping and buying back sunday as its usually cheaper. But reading your post made me think again about it. I am a noob but my strength comes from knowing it. So I rely on you guys.

To make this clear, never rely on anything someone says here. Buying cause someone on here says you should buy... is stupid. Do what you think is best, with, I certainly hope, some common sense

Everyone can be wrong

I dont buy because someone say I should. I buy because of arguments. I know I shouldnt trade, especially since I want to hold long very long term but sometimes emotions got the better off me so I come to this thread to hear the voice of reason. I agree you are not all the incarnation of this voice, but I filter. Nonetheless, I think its urgent that I make a brain wallet so I dont do any stupid shit in case the best posters disappear and the only persons left are retards like me !

Edit: Thanks Adrian, I'll keep that in mind.

This is what happened: I had bought at 388, I wanted to sell off at 380 to buy back on sunday because its usually the moment where people lacks fiat. But now its 383 and rising ! I think I would have punched myself in the nose to educate me a little. This is how I learn. My problem is I can't stand being down short term. Its been hard to buy and buy in a bear market as everytime you back the next day its lower. Now I've launched multibit and this terrible software tells me that I've less amount in BTC that I had deposited. I think I should put some stuff into my asshole so I learn about dignity and how to handle loss like a fucking man.

Seems like a bad perspective if you cannot wait out the BTC market for the pricesto rise and to have a bit of patience 

If you sell at a lower price than you bought then, you are locking in paper losses  that are NOT really losses, until you lock them in, by selling.   

You may get lucky, and the BTC prices go down and you do NOT get too greedy with your timing  to buy back in. 

More likely, you would be in better shape, just to wait it out... b/c the BTC prices seems more likely to rise than to fall... especially,  if we are looking at a 6 month time horizon rather than a 1 week time horizon... so why get greedy, just with an attempt to add more value, but there is also a decent chance that you will bet wrong, if you were to sell, and then BTC prices do NOT go down..

[bananaControl]

I have been watching this forum long enough but in the last few days I've come to understand why many people decided to leave this forum.... I think I might do soon as well...

Why?  Not informative enough?  Misleading info?

There's too much fun I reckon.

edit: Also, I brought you guys something

[ChartBuddy]

Explanation

[JorgeStolfi]

Huobi stopped updating on bitcoinwisdom 15 minutes ago.

[rpietila]

I would buy back at 510 and consider selling at 480 if breached.

(In reality I have bought back in February at 448 and am solidly in the black and no need to speculate until 3000)

[ChartBuddy]

Explanation

[oda.krell]

Wow. Looks like Jorge was right all along... we went up without a sufficient cause, hence we're now going down again. Probably all the way to 300.

Short all the Bitcoins!

/s

[spooderman]

Hopefully on Monday we smash through the double top.

[oda.krell]

Hopefully on Monday we smash through the double top.

Maybe even earlier if enough people feel like front-running it (not in the legal sense, I mean) and don't want to wait 'til the weekend is over, but that's not the most likely scenario maybe.

Would be nice to close above daily BB again (~520), but possible that won't happen today. If we defend 500 over the weekend, I'd take that as a pretty positive sign.

From 490 on, I'll start to get worried about our little breakout.

[akujin]

So, dump on Sunday? 

[dreamspark]

Wow. Looks like Jorge was right all along... we went up without a sufficient cause, hence we're now going down again. Probably all the way to 300.

Short all the Bitcoins!

/s

Thanks for the morning chuckle!

I have no plans on trading this its far too risky on both sides of the fence. It helps that my last all in was a fair few dollars ago so have no need to worry.

Nice support has been building back to $500 and it looks fairly organic, not just one big wall.



I think its safe to leave the charts for the weekend and just have a price alarm set. Enjoy your bank holidays (if your in the UK)!

[ChartBuddy]

Explanation

[latoxine]

I think its safe to leave the charts for the weekend and just have a price alarm set. Enjoy your bank holidays (if your in the UK)!

How can we do that please ? ( for free as possible )  

[latoxine]

lol yes that's what I mean, mistake...

[Blue]

TERA will be back soon, as soon as the bulltrap trapped !

[Cassius]

lol yes that's what I mean, mistake...

Sorry, removed previous comment as the formatting was all messed up.
Don't know, sorry!
If you still want some ideas for enjoying the bank holiday weekend I can make a few suggestions.

[tuneman1980]

I think its safe to leave the charts for the weekend and just have a price alarm set. Enjoy your bank holidays (if your in the UK)!

How can we do that please ? ( for free as possible )  

I know of a few Android apps that will do that for you.