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

[fonsie]

Still expecting 440. I needed to buy in to buy stuff but with this going on I'm waiting.

Anyone have any solid news on why? Is it just day traders leaving because no money to make here?

Draw a few trend lines on bitcoinwisdom and you'll see the big dumps are aimed at breaking through them so its fairly obvious where they're coming from. Its been going on for some time, the days destroyed movements suggest they where either involved from 2009 or bough large amounts of coins from people who where. The intent is to either crush bitcoin or take it over and the coin movements suggest the latter, that they're trying to take over mining by forcing competing miners out (new hashing algorithm anyone ). The dumps coming now as well as trading on other markets (forex + others) suggests funds are being pulled in to prop up US markets as they're close to the edge and Argentina's default could push them over, good for us as it leaves them in a weak position.  

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

I'm calling it the "cut loose goose-bot" instead of fallling

[Hunyadi]

Still expecting 440. I needed to buy in to buy stuff but with this going on I'm waiting.

Anyone have any solid news on why? Is it just day traders leaving because no money to make here?

Draw a few trend lines on bitcoinwisdom and you'll see the big dumps are aimed at breaking through them so its fairly obvious where they're coming from. Its been going on for some time, the days destroyed movements suggest they where either involved from 2009 or bough large amounts of coins from people who where. The intent is to either crush bitcoin or take it over and the coin movements suggest the latter, that they're trying to take over mining by forcing competing miners out (new hashing algorithm anyone ). The dumps coming now as well as trading on other markets (forex + others) suggests funds are being pulled in to prop up US markets as they're close to the edge and Argentina's default could push them over, good for us as it leaves them in a weak position.  

You can so easily hedge against that outcome. Just buy same amount of Monero as you have Bitcoin (same number fo coins). No matter which one survives, you have retained your wealth as percentage of the total.

Btw. 471 is one strong fibo line so it might not make sense to sell around that price where you should be buying.

Monero Castle:

[rpietila]

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

[fonsie]

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

Risto, you are my hero... Concerning the castle, you probably know, I wouldn't have bought it, but that has perhaps more to do with my taste for modern architecture...

Not sure yet about your Monero pumping, but your posts makes those trolls speachless in a second.

 

[AmazonStuff]

C'mon bears, 50 000 BTC sold in a few days and you couldn't even reach $500?!

I'm kind of disappointed, you can do better, continue your effort, do at least something or let bulls show you how things are done

[Wary]

WTF? Is this anoncoin really grew 100x-fold? Or it's just a bug?

[Wandererfromthenorth]

WTF? Is this anoncoin really grew 100x-fold? Or it's just a bug?

A glitch, it didn't even move


https://www.cryptsy.com/markets/view/66

[Dump3er]

but your posts makes those trolls speachless in a second.

 

Trolls are market makers, but plain cheerleaders won't see it. We are smart, we are strong, we are legion.

You never know the real motivations behind trolls trolling or what they are doing. It's not like plain fonsie buying 1 bitcoin to be millionaire a week later.

[ChartBuddy]

Explanation

[spooderman]

Argh more dumpage.

[fonsie]

but your posts makes those trolls speachless in a second.

 

Trolls are market makers, but plain cheerleaders won't see it. We are smart, we are strong, we are legion.

You never know the real motivations behind trolls trolling or what they are doing. It's not like plain fonsie buying 1 bitcoin to be millionaire a week later.

  you made me laugh, I have quite a few more than 1, but quite irrelevant.

the part about trolls being smart made me pee my pants.

[Dump3er]

but your posts makes those trolls speachless in a second.

 

Trolls are market makers, but plain cheerleaders won't see it. We are smart, we are strong, we are legion.

You never know the real motivations behind trolls trolling or what they are doing. It's not like plain fonsie buying 1 bitcoin to be millionaire a week later.

  you made me laugh

That's one of the main issues.

[fonsie]

but your posts makes those trolls speachless in a second.

 

Trolls are market makers, but plain cheerleaders won't see it. We are smart, we are strong, we are legion.

You never know the real motivations behind trolls trolling or what they are doing. It's not like plain fonsie buying 1 bitcoin to be millionaire a week later.

  you made me laugh

That's one of the main issues.

Said your father when you were born.

[JayJuanGee]

how many excuses do you need to make up for the simple fact that bitcoin is going to nowhere but down?
game over guys, bitcoin is going to the final capitulation, sell now to cut loose or lose everything

Final capitulations are the sweetest buying opportunities. You would probably never have heard of me, unless I happened to analyze the fundamentals and charts for month, before buying in at the final capitulation of 2011.

The more ppl speak like you (and the less they speak like me  ) the better, because that much closer to the bottom we are.

But real tough guys can make the decision without sentiment analysis as well as with it. I hardly knew about the forums back then, even my account is from 2012.

It is the new money that will raise the price to new levels. They are still waiting. What can you do but wait? Next room to me now, there is a guy who takes jacuzzi every day and smokes cigars. He held through the bubble, and the fall, and the capitulation (of 2011) and ever since. His friends sold out in the downtrend and said they will come back if/when the tide turns. They never did. They are probably working now.

Bitcoin does not care if you make money or not. Also I don't care. I know there are enough people in the world who understand reasonable speech, and gravitate into Bitcoin in waves. And if bitcoin is foiled, now we have Monero, so there is a real backup, vainly sought after for 2-3 years.

The waiters came to ask what I want for breakfast, and roasted liver with red wine sounded like nice. Thank you for listening.

Risto, you are my hero... Concerning the castle, you probably know, I wouldn't have bought it, but that has perhaps more to do with my taste for modern architecture...

Not sure yet about your Monero pumping, but your posts makes those trolls speachless in a second.

 

I know that this is NOT a thread about Monero.... but I do NOT understand why Monero or any other alt coin would be put on an equivalent level as BTC.  I realize that there is greater upside potential with some of these alt coins in the event that they are successful... but why, sometimes, does it seem that some people seem to be discounting the upside potential of bitcoin when they are promoting another crypto?   

Even though Bitcoin has already experienced a considerable amount of exponential growth.. I mean outrageous levels in the last 5 years (not so much in the last 9 months), but BTC continues to seem to have a considerable amount of upside potential.. and even it may be able to absorb some of these alt-coin features.. if need be...

Surely, a potential problem with Bitcoin at the moment does seem to be in part connected with the attention that it has gotten and the maybe heavy passion that either governments and/or financial status quo institutions my have in keeping bitcoin in a fairly marginal and even quasi-crippled space. 

[Dump3er]

but your posts makes those trolls speachless in a second.

 

Trolls are market makers, but plain cheerleaders won't see it. We are smart, we are strong, we are legion.

You never know the real motivations behind trolls trolling or what they are doing. It's not like plain fonsie buying 1 bitcoin to be millionaire a week later.

  you made me laugh

That's one of the main issues.

Said your father when you were born.

Maybe. Don't know what he said, as he was drunked and nobody could understand his muttering.

[Post-Cosmic]

 I don't wanna see a single Loose left uncut..!!!!!

[Cassius]

Not a Monero thread. Or a pump. But since we're on the subject of privacy...
I have concerns about Monero: ring signatures are a fantastic advance but there is currently the problem of intolerable blockchain bloat. Plus with advances in computing there is the potential for them to be rendered far less secure in the future (as with mixing solutions, like Darkcoin's).
There is an interesting new protocol called Teleport being implemented by BTCD. It can be used by any other coin, either incorporated in their protocols or used as a separate service. To me, it makes sense to use bitcoin's network effect with such a third-party anonymiser.
I'd be interested in hearing (meaningful, considered) feedback on the idea. They have a preliminary darkpaper here: http://www.flipgorilla.com/p/23023990364728535/show#/23023990364728535/0

[N12]

 I don't wanna see a single Loose left uncut..!!!!!

Cut Loose is the new Anti-HODL.

[iram3130]

WTF? Is this anoncoin really grew 100x-fold? Or it's just a bug?

Lol, I was in shock mode when I saw your screen shot, and checked the market there is nothing happening on that altcoin.

[akujin]

Beautiful!