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

[Asrael999]

all those things that can be "bought with bitcoin" are actually bought with dollars that come from the sale of bitcoins to BitPay/Coinbase/etc... 

Does it not work both ways? Most of my bitcoins were purchased with dollars, received in exchange for my labor. A more appropriate saying would be, "all those things can purchased with labor or traded for other things using a medium of exchange of dollars or bitcoin".

The point is that most of those "purchases with bitcoin" mean that the customer's coins are sold in the market by Bitpay and the dollars are given to the merchant.  Where do the coins come from?  More likely from people who already had a stash of bitcoins, than from people who didn't have bitcoins and bought them from the market for that purchase.

Therefore, those businesses are likely to increase supply in the market (by moving coins out of hoards to the market), rather than demand.  Basically, they induce holders to sell, and make it convenient to do so.  Are they also inducing non-bitcoiners to buy bitcoin? It is not obvious: if you had dollars and no bitcoins, why would you choose to pay with bitcoin?

I did not expect the "using bitcoin kills bitcoin" argument from you, I thought you were a little better than that.

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[elebit]

and it is also rare that you have a heads up on a potential black swan event (which is still probably at less than a 1 percent chance)... I'm just playing the hand that I see in the most reasonable way. I'll be buying back shortly and you guys can smack me around when the price is $700 at that time. =D

That's actually quite a level headed gamble. It would have worked in your favour a couple of times now (... and one day it won't of course, and then you lose big, but you knew that).

Myself, I'll go all in again the second it touches under $600.

Volume is actually much better now than before the previous big dumps. Not great, but not abysmal either.

[jeezy]

and it is also rare that you have a heads up on a potential black swan event (which is still probably at less than a 1 percent chance)... I'm just playing the hand that I see in the most reasonable way. I'll be buying back shortly and you guys can smack me around when the price is $700 at that time. =D

That's actually quite a level headed gamble. It would have worked in your favour a couple of times now (... and one day it won't of course, and then you lose big, but you knew that).

Myself, I'll go all in again the second it touches under $600.

Volume is actually much better now than before the previous big dumps. Not great, but not abysmal either.

Better wait for the 583 dip, was confirmed multiple times last couple of days.

[ShroomsKit]

and it is also rare that you have a heads up on a potential black swan event (which is still probably at less than a 1 percent chance)... I'm just playing the hand that I see in the most reasonable way. I'll be buying back shortly and you guys can smack me around when the price is $700 at that time. =D

That's actually quite a level headed gamble. It would have worked in your favour a couple of times now (... and one day it won't of course, and then you lose big, but you knew that).

Myself, I'll go all in again the second it touches under $600.

Volume is actually much better now than before the previous big dumps. Not great, but not abysmal either.

Better wait for the 583 dip, was confirmed multiple times last couple of days.

Confirmed 

[elebit]

Better wait for the 583 dip, was confirmed multiple times last couple of days.

It usually doesn't go that deep when people except it to. I want to be on the safe side of the dip.

[CEG5952]

I could see another leg down, but I'm seeing a lot of bullish divergences across all exchanges. And 4hr indicators are getting pretty low. Not a good time to be selling, IMO.

[empowering]

some poeple are so dependent on the matrix, they cannot be reasoned with.

Indeed.  It is useless to point out that all those things that can be "bought with bitcoin" are actually bought with dollars that come from the sale of bitcoins to BitPay/Coinbase/etc... 

Zzzzzzz zzzzzz zzzzzz  zzzzzzz

[ChartBuddy]

Explanation

[Sandia]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

[wobber]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

If he said July 24th, how come the prediction was wrong?

[findftp]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

If he said July 24th, how come the prediction was wrong?

Because Christine Lagarde said it would be the 20th or 27th
https://www.youtube.com/watch?v=QYmViPTndxw

[empowering]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

If he said July 24th, how come the prediction was wrong?

Because Christine Lagarde said it would be the 20th or 27th
https://www.youtube.com/watch?v=QYmViPTndxw

Christine Laggard is always late.

[Parazyd]

Page 7666

That domain auction could to the same thing as the FBI auction. Although, the domain is being sold to return some lost BTC.

[dnaleor]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

If he said July 24th, how come the prediction was wrong?

Because Christine Lagarde said it would be the 20th or 27th
https://www.youtube.com/watch?v=QYmViPTndxw

I wanted to post that  
 


Anyway, here is my TA for today:
still right on track:

[Gianluca95]

Today in BTC-e the BTC-e trade is so slow ! Only 1M of volume and price various of 2.5$ !

[ChartBuddy]

Explanation

[Sandia]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

If he said July 24th, how come the prediction was wrong?

He gave up because there is no sign of a bubble forming, the charts don't look like the pre-bubble November charts, etc, after 2 months of hyping his prediction.  I think, secretly,  he is still holding on to the idea.  He still posts how many days are left until the 24th, and his last post was congratulating someone on their prediction that we are at a very bullish moment. Officially, he calls for a huge drop soon.

[DubFX]

The July 24th date is 234 days after the previous bubble, which was 234 days after the previous bubble, etc.  There is a guy on Reddit who spent months telling everyone we were going to the moon on exactly that date, not one day earlier, not one day later.

When he started getting laughed at, he made his own subreddit, and moved there.  The last that I read, he turned from superbull to superbear because his prediction was wrong which he thinks proves that the bitcoin bubble trend is dead.

I am expecting the price to jump a few percent on the 23rd or early 24th because he publicized it so much, for so long.

If he said July 24th, how come the prediction was wrong?

He gave up because there is no sign of a bubble forming, the charts don't look like the pre-bubble November charts, etc, after 2 months of hyping his prediction.  I think, secretly,  he is still holding on to the idea.  He still posts how many days are left until the 24th, and his last post was congratulating someone on their prediction that we are at a very bullish moment. Officially, he calls for a huge drop soon.

He probably gave up cuz of everyone bitching...i hope that he will prove all these people wrong

[aminorex]

Christine Lagarde ...
https://www.youtube.com/watch?v=QYmViPTndxw

That so utterly bizarre - even when stripped of the commentator's framing and annotations - that I just...

[findftp]

Christine Lagarde ...
https://www.youtube.com/watch?v=QYmViPTndxw

That so utterly bizarre - even when stripped of the commentator's framing and annotations - that I just...

It just proves that they are in the club and are psychopaths.

~Prepare~