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

[TERA]

I think this is the part where we need some volume to advance further...

[JorgeStolfi]

OKCoin and OKCoin are undergoing a sudden spurt by ~45 CNY (~7 USD) but Bitstamp is not budging...

[ChartBuddy]

Explanation

[Bitcoin_is_here_to_stay]

I think this is the part where we need some volume to advance further...

How low do you think we would go if the ~$613 resistance will hold?

[JayJuanGee]

What is a 'weak hand'? Why is this type of penny stock terminology used in bitcoin? Does this imply that bitcoin is some type of investment scheme to hold rather than a currency to use?

It's a poker term long before "penny stocks." It means you lack confidence in you ability to play.

So it's a profit making game and not the future of money?

Is money not about profit?

Bitcoin is supposed to be about creating a decentralized network to change the way the world does finance and payments - not about getting all the bitcoin participants to be rich off of the successive waves of bitcoin participants because the unit value rose and having a contest about who made the most profits.

I invested to make money and to be able to reach some goals ( the volatility makes it easier than working hard to earn that money )... I literally don't give a fuck about the technology behind it, it is a cool innovation and all but I don't think it is a reason for to risk my life savings and be a "strong hand" when I could collect profits and not be a greedy bastard.... most of the time people here will attack you when you tell them that you are trading to make a profit or when you tell them you cashed out some of your holdings....

That is NOT why you were attacked.  You were attacked b/c you failed to articulate any plan that made sense to anyone beyond yourself.. and even then, NOT clear if it made sense.

https://bitcointalk.org/index.php?topic=656657.0

I've attempted to make a quick response within that thread, and to also respond to the poll to the extent any of the answers come close to what is really happening here.

In essence, the mere fact that you spending a lot of time publicly discussing this matter in various threads seems to demonstrate that you do NOT really know the fuck what you are talking about or even that you have adequately analyzed or understood your own position nor your plan.

 I am NOT sure whether you have bad intents, so in that regard, I feel sorry for some of your ignorance... and lack of recognition of your own inabilities to know when to stop and when you likely need to spend some private time figuring out what you are doing and why you are doing it in order that you can explain.. to the extent that you end up continuing to post these kinds of matters in public threads....

Otherwise, you decisions regarding your investments or lack thereof in BTC or in other crypto-currencies are your own private concerns, and probably it would be better for everyone, including yourself, for you to keep your seemingly stupid-ass ill conceived and inadequately contemplated ideas to yourself... until they are better formulated.    That's just my sense of the situation, at the moment, so take it for what it is worth.. and if you are NOT ready, willing or able to understand or to accept my thoughts, then NO problem to just let my comments pass.

[cech4204a]

I think this is the part where we need some volume to advance further...

How low do you think we would go if the ~$613 resistance will hold?

it should go lower for 20ish$ or maybe 30$ max, since price is expected to go up very fast and everyone is waiting for it in their ready-set-go position. There will be panic buy very soon.

[TERA]

I think this is the part where we need some volume to advance further...

How low do you think we would go if the ~$613 resistance will hold?

zzzzzzzzzzzzzzzzzz





3 day MACD could possibly go down in as little as a week tho

[Arghhh]

GHash is currently 41%. Fucking Red Alert.

[spooderman]

do you mean 34%?

[Searing]

do you mean 34%?

heh Ghhash.io % goes down and unknown % goes up....crap games being played

Searing

[Arghhh]

do you mean 34%?

Check the 24 Hr:
https://blockchain.info/pools?timespan=24hrs

42% now.

[ChartBuddy]

Explanation

[keithers]

At least we have been doing good on the stability the last few days

[Arghhh]

43% now: https://blockchain.info/pools?timespan=24hrs

I guarantee a drop is coming because of this.

[Parazyd]

Sideways on 600-610... This will be a long week.
Ghash.io hashrate went up again. Greedy bastards. I don't see why it's so hard for them to just create two more pools and split up.

[beetcoin]

not much action in the past 2 weeks.. seems like it wants a reason to turn bullish, but nothing comes.

[Parazyd]

not much action in the past 2 weeks.. seems like it wants a reason to turn bullish, but nothing comes.

Wall Street will come. Not sure when though. There will be a lot of pumps and dumps due to Wall Street people trading Bitcoin. I don't like that, I prefer it ggoing up steady as it does now.

[JorgeStolfi]

Ghash.io hashrate went up again. Greedy bastards. I don't see why it's so hard for them to just create two more pools and split up.

Splitting a pool into 2-3 pools is no solution. If there is a small set of pools that together have a majority, they can form a cartel.  If they were split from the same parent pool, their owners are probably the same people, or former partners who are likely to cooperate.

[Parazyd]

Ghash.io hashrate went up again. Greedy bastards. I don't see why it's so hard for them to just create two more pools and split up.

Splitting a pool into 2-3 pools is no solution. If there is a small set of pools that together have a majority, they can form a cartel.  If they were split from the same parent pool, their owners are probably the same people, or former partners who are likely to cooperate.

It gives people a sense of safety. The same thing you're talking about happens when they switch from Ghash to Unknown. There's no difference.

[Arghhh]

44% now. Are these people fucking serious!?