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

[adamstgBit]

https://www.youtube.com/watch?v=AxriIkGaY60

here comes the 99%

this is going to be something else in the next bubble

1) poeple start "locking" there bitcoins in other more stable asstes
2) bitcoin reaches moon
3) everyone unlock there bitcoins on the moon because poeple want to see how there bitcoins bounce around on the moons low gravity
4) MARS!!!

This is just horribly unethical marketing.

"Lock" means "sell".  "Unlock" means "buy".   And no, it doesn't have all the benefits of using bitcoin.  While it's locked you get zero benefits because you don't own any.

At least up until now, the newbies I profited off knew that they were trading bitcoin.  When they bought at the top and sold at the bottom, they were just poor traders.  With coinapult they don't even realize that they're trading.

if anything this adds a gr8 deal of usefulness to bitcoin, making it easily interchangeable between a variety of assets

plus there the added bounce for speculators that you're talking about.

we're all gana be rich!

BUY BUY BUY !!!!!!!!

[adamstgBit]

[Raystonn]

So this is just a wallet with a built-in exchange.  Now if this were a decentralized exchange, we might be onto something.

[Kupsi]

This is boring. When is Wall Street done with the summer holiday?

[justusranvier]

If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.

[adamstgBit]

Shit Bitcoin Fanatics Say, PART3!

[ChartBuddy]

Explanation

[cbeast]

If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.

Ha! This page count growth is unsustainable.

[Peter R]

https://www.youtube.com/watch?v=AxriIkGaY60

here comes the 99%

this is going to be something else in the next bubble

1) poeple start "locking" there bitcoins in other more stable asstes
2) bitcoin reaches moon
3) everyone unlock there bitcoins on the moon because poeple want to see how there bitcoins bounce around on the moons low gravity
4) MARS!!!

This is just horribly unethical marketing.

"Lock" means "sell".  "Unlock" means "buy".   And no, it doesn't have all the benefits of using bitcoin.  While it's locked you get zero benefits because you don't own any.

At least up until now, the newbies I profited off knew that they were trading bitcoin.  When they bought at the top and sold at the bottom, they were just poor traders.  With coinapult they don't even realize that they're trading.

I think it would be helpful to adoption to abstract buying/selling further (provided the wallets didn't overcharge for these abstracted services).

Here's a thought experiment: Imagine that everybody has visibility of all of their money on a smartphone app.  For simplicity, consider that only dollars and bitcoins exist.  The app has two features:

1.  It displays the market value of each user's money, expressed in whatever currency is currently "dominant," along with the exchange rate between the two currencies.  

2.  There is a slider bar that allows each user to dynamically adjust their personal exposure to anywhere between 0% bitcoins and 100% bitcoins:
                
    0% BTC / 100% USD   <-----|||SLIDERBAR|||----------------------------------->   100% BTC / 0% USD

Assume there is no fee for trading and no slippage.  If it was this easy for everyone, what would people do?  

Bitcoin adoption is all about slowly coaxing the world to move that imaginary slider bar a little further to the right!

[esse83]

Shill alert.

[ErisDiscordia]

If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.

intellectual joke of the day!

[ChartBuddy]

Explanation

[Gimmelfarb]

kind of thought we were gonna form a double bottom around the 3560~ low. still possible, but not really much of a bounce to be found...

[Sandia]

http://nevergetbusted.com/hot-news/drug-dealers-stop-stash-seized-use-bitcoin/

CCMF!

[xyzzy099]

If Irving Fisher was here, he'd say the number of pages in this thread has reached a permanently high plateau.

If this had been posted right before 'The Great Deletion of 7777', he would've been just as wrong this time too

[podyx]

Looking out for a cup and handle pattern to form on the 6h charts (should reach 620 sometime the first 8 days of august)

Could be the beginning of a bubble after that

Demonstration:

I checked the history of the 6h MACD on bitstamp and I can say it's been very loyal lately!!
I really recommend buying now!

[JorgeStolfi]

I don't think upside down 'cup and handle' really means anything

Well, I asked here, some weeks ago, whether the TA patterns are suposed to be symmetrical -- that is, if pattern XYZ on the logscale plot suggests that the price will go up (or down), then the same pattern but upside-down suggests that the price will go down (resp. up).   

The conclusion, if I recall correctly, is that it depends on whom you ask that question to. 

[JayJuanGee]

Looking out for a cup and handle pattern to form on the 6h charts (should reach 620 sometime the first 8 days of august)

Could be the beginning of a bubble after that

Isn't there an upside-down "cup and handle" from May/30 to Jun/26?

Don't be using reality to rain on our potential parade!!!   

[ensurance982]

I checked the history of the 6h MACD on bitstamp and I can say it's been very loyal lately!!
I really recommend buying now!

The MACD is never wrong! It is our faithful companion in otherwise stormy waters, we call the Bitcoin price!

[ChartBuddy]

Explanation