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Question: What happens first:
New ATH - 43 (69.4%)
<$60,000 - 19 (30.6%)
Total Voters: 62

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 26381052 times)
This is a self-moderated topic. If you do not want to be moderated by the person who started this topic, create a new topic. (174 posts by 3 users with 9 merit deleted.)
jeezy
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July 31, 2014, 10:09:01 AM

So now that all Silkroad coins have been liquidated, can we keep on choo choo'ing to da moon please?  Tongue
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ShroomsKit
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July 31, 2014, 10:11:06 AM

And now I see that wikipedia is finally taking bitcoin?

Come on bulls!

Yeah just noticed that. Great news. That's why we went down because of all the idiots who's trading 101 book says "sell on the news".
dreamspark
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July 31, 2014, 10:20:42 AM

So now that all Silkroad coins have been liquidated, can we keep on choo choo'ing to da moon please?  Tongue

That was just the coins held on the server, wait till they liquidate Ulbrichts stash  Wink
empowering
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July 31, 2014, 10:23:57 AM

This buying is very unusual. Someone or a group of people have been consistently and regularly buying for the past 4 hours now. 555.9 on Stamp might be the turning point.  

...Willy?

No thanks..   jesus is this the right forum... oh yah...
fonsie
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July 31, 2014, 10:27:27 AM

Nobody cares about merchant adoption anymore. That's all priced in. The general public is now thinking, "so why exactly do I need to buy bitcoin?" These are the same people who don't mind that the NSA is spying on them, because "as long as you're not doing anything bad you have nothing to worry about."

They've been watching the price tank all year, so there's no compelling reason for them to invest. Now, all we have is "old money" trading hands. Things are looking bad, guys.

Agreed.
Unlike previous years the public doesn't want to invest anymore because they think Bitcoin will go up.
All they see is previous buyers losing money.

What we have here is:
No new buyers.
No amount of good news will make the price go up.
Any slightly bad news will cause a crash.
No increased user adoption.
Lots of people getting out.

This was gonna be the year of Bitcoin. It simply failed.
It won't magically go up again. There is no reason why it would.



To buy, or not to buy: that is the question.

Obviously we will go up from here. There was quite some selling going on but the price simply doesn't want to go lower. So up is the way we go!

smart money
wachtwoord
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July 31, 2014, 10:30:12 AM

Smart money accumulates and holds.
fonsie
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July 31, 2014, 10:36:03 AM

Smart money accumulates and holds.

That's why he managed to go from 2 BTC to 1 BTC in a single day with 6 trades.

People should read this: https://bitcointalk.org/index.php?action=profile;u=95072;sa=showPosts

It's the most hilarious thread on this entire forum.
dreamspark
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July 31, 2014, 10:46:53 AM

Best part is we chased Tera away, and I swear she was calling for this before she left. Shout out to TERA
Lol, shes always calling for going down but whenever we go up she just happened to change positions at the pivotal moment. I dont see people congratulating the perma bulls when we go up !  Cheesy
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July 31, 2014, 10:51:19 AM

Best part is we chased Tera away, and I swear she was calling for this before she left. Shout out to TERA
Lol, shes always calling for going down but whenever we go up she just happened to change positions at the pivotal moment. I dont see people congratulating the perma bulls when we go up !  Cheesy

I remember her mentioning it still after we shot up from 330, that she thought that recovery was to quick to be the lead off to the moon. However perma bulls get rewarded by having stashes lol
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July 31, 2014, 10:59:57 AM


Explanation
ErisDiscordia
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July 31, 2014, 11:16:12 AM

If you'd bother to actually read the article, you'd see that it's precisely arbitrage that is a major factor why a system consisting of unbanked ATMs would be a superior pricing mechanism.
Yeah, seems I scrolled past that section, sorry. "TL;DR"  Undecided

I just had to quote this as a cruel reminder of futility...

But I have to agree with Erin Eris, that ATM article was excellent and the idea should be put to experiment as soon as possible.

Let's crowdfund this? I pledge 23 MILLION Satoshi to the cause  Cheesy more if it gains traction.

Can we find people who can build this?

I am also still interested in the sponsoring of a Jovial Organization Representing Generous Erisians which would aim to distribute free bits among students. There has been one such proposal to do this at a certain Brazilian school...
Miz4r
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July 31, 2014, 11:43:54 AM

Best part is we chased Tera away, and I swear she was calling for this before she left. Shout out to TERA
Lol, shes always calling for going down but whenever we go up she just happened to change positions at the pivotal moment. I dont see people congratulating the perma bulls when we go up !  Cheesy

I remember her mentioning it still after we shot up from 330, that she thought that recovery was to quick to be the lead off to the moon. However perma bulls get rewarded by having stashes lol

Tera was a bear until we broke up through $460 or so and since then he switched to bull and bought back in. His plan was to just go long term with his coins and leave the entire daytrading business behind because it was sucking too much time and energy away. He couldn't stay away for long however and came back showing his short term analysis in here. I don't think he was either particularly bullish or bearish although he had a tendency towards showing a bearish perspective in here, maybe because he wanted to form a counterweight to the abundance of irrational bulls on this forum. Anyway I believe he is still long with his $460 coins and is spending his time on more valuable matters now. I'm sure he will be back when we either revisit the 400s or see 4-digits again.
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July 31, 2014, 11:51:30 AM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy
madmat
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July 31, 2014, 11:54:17 AM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy

Good afternoon (2pm here).

Shroomy bought back its 2btc, but as he did 6 smart trades yesterday, he only has one now  Grin
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July 31, 2014, 11:59:57 AM


Explanation
Schickeria
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July 31, 2014, 12:04:51 PM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy

Good afternoon (2pm here).

Shroomy bought back its 2btc, but as he did 6 smart trades yesterday, he only has one now  Grin


Is this a Coindesk News or Wall Street Journal?
DjPxH
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July 31, 2014, 12:16:11 PM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy

Good afternoon (2pm here).

Shroomy bought back its 2btc, but as he did 6 smart trades yesterday, he only has one now  Grin


You are kidding me, right? Well, I just looked up his post history, and you are right. This is incredible. I mean... Lost for words right now. Wow...
madmat
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July 31, 2014, 12:23:39 PM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy

Good afternoon (2pm here).

Shroomy bought back its 2btc, but as he did 6 smart trades yesterday, he only has one now  Grin


You are kidding me, right? Well, I just looked up his post history, and you are right. This is incredible. I mean... Lost for words right now. Wow...

I should have been added some quotes so people believe me.  Grin Cheesy
ShroomsKit
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July 31, 2014, 12:25:35 PM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy

Good afternoon (2pm here).

Shroomy bought back its 2btc, but as he did 6 smart trades yesterday, he only has one now  Grin


You are kidding me, right? Well, I just looked up his post history, and you are right. This is incredible. I mean... Lost for words right now. Wow...

Show me how much better you are doing.
DjPxH
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July 31, 2014, 12:26:38 PM

Good morning everyone! Can I get a short heads-up, has Shroomy bought his 2 BTC back, already? Anything new happened in the meantime? I just decided to give up predicting which way BTC decided to go. The honey badger god rabid! Cheesy

Good afternoon (2pm here).

Shroomy bought back its 2btc, but as he did 6 smart trades yesterday, he only has one now  Grin


You are kidding me, right? Well, I just looked up his post history, and you are right. This is incredible. I mean... Lost for words right now. Wow...

I should have been added some quotes so people believe me.  Grin Cheesy

I mean if you said eBay accepted BTC now, I'd have believed you. If you said, Amazon started accepting BTC, I'd have believed you. If you said, BFL has started shipping Monarchs in volume, I'd have believed you. If you said, Mark Karpeles quit drinking Frappuccinos, I'd have believed you.

But this? After his nuclear-bearish behavior yesterday? Ha.
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