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

[JayJuanGee]

I shouldn't have shorted LTC.  Should I back at a loss? Any opinions?

If you are already out, and you already paid the transaction fees, then maybe it is just better to stay out.  I have some LTC, but I really do NOT see it having a long term potential, and I am thinking that i am probably just going to need to "cut my loose" at some point...   but who knows.. maybe there will be another upward bubble with LTC... there certainly remains very decent pump and dump potential with it... since it remains as second in the Crypto-market cap summary of more than 460 kinds of alt coins.

[JayJuanGee]

all i can say is, thank god im not Jorge

I hope you all are aware that bitcoin news sites like Coindesk are not supported by traders or individual bitcoiners, but by enterprises such as SMBIT, GABI, Bitpay, Bitstamp, etc..  Ditto for "advertorials" in newspapers.

Have you ever seen those media print anything negative bout those enterprises?  (They even defended Danny Brewster after he ran away...)  You cannot take what they print as the Gospel.  They will only print the pros; for the cons, you are on your own.

 OM   F'n G..!!!!!!..   what a con...       this is a con...   OM   F'n G   !!!!!....

I am sure glad that you have a new scoop and you pointed out that new angle for our contemplation.    

[Davyd05]

Listening to Jorge is like the logic behind this adv sometimes. https://i.imgur.com/5cbPWap.jpg

TL:DR

people buying deep fried Cheescake because it donates $1 dollar to type 1 diabetes research is a sure way to develop type II diabetes lol

Not to mention Jorge isn't worried about the global media conglomerates force feeding us certain views..he's more worried about the bitcoin based business cause you know they run the big racket already.

[JayJuanGee]

Listening to Jorge is like the logic behind this adv sometimes. https://i.imgur.com/5cbPWap.jpg

TL:DR

people buying deep fried Cheescake because it donates $1 dollar to type 1 diabetes research is a sure way to develop type II diabetes lol

Not to mention Jorge isn't worried about the global media conglomerates force feeding us certain views..he's more worried about the bitcoin based business cause you know they run the big racket already.

+1.... Jorge has a special knack for finding exceptional cases and then attempting to generalize the exceptional situation in order to totally obfuscate reality. 

[Davyd05]

Listening to Jorge is like the logic behind this adv sometimes. https://i.imgur.com/5cbPWap.jpg

TL:DR

people buying deep fried Cheescake because it donates $1 dollar to type 1 diabetes research is a sure way to develop type II diabetes lol

Not to mention Jorge isn't worried about the global media conglomerates force feeding us certain views..he's more worried about the bitcoin based business cause you know they run the big racket already.

+1.... Jorge has a special knack for finding exceptional cases and then attempting to generalize the exceptional situation in order to totally obfuscate reality. 

Just boggles my mind, I can tell he is a bright individual...I hope it is truly not the dirty fiat dollars that lead him to share his opinion in the way that he does.

[ChartBuddy]

Explanation

[ChartBuddy]

Explanation

[rpietila]

I hope it is truly not the dirty fiat dollars that lead him to share his opinion in the way that he does.

I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.

[Newbie1022]

I shouldn't have shorted LTC.   Should I back at a loss? Any opinions?

Wait for a few hours and you'll at least be at a respectable price out point. The price is consolidating, but there is enough volatility up in a cycle that, so long as you can avoid a margin call, you can totally screw up and enter on the wrong side of the wave and still get out without a loss. See 2-hour chart and stabilization around a mean in the 5.3 range appears to be a couple days from developing. Notice both higher lows and lower highs... the situation is calming a bit.

[bassclef]

I hope it is truly not the dirty fiat dollars that lead him to share his opinion in the way that he does.

I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.

Here in the US, it works almost the same way, except that professors and Universities are paid indirectly through the Federal Student Loan program. So the government straps 18 year-olds with no job and no income with tens of thousands of dollars in debt, Universities raise tuition and expand at ridiculous rates thanks to this free money, and graduates get to compete in an absolutely shitty job market while making loan payments for 30 years.

Academia must be nice.

[Schickeria]

We can not go up, either down.

So how about building up some wall on 500 and after it's finished breaking it down and repeat it multiple times?  

That's a good thing. That means the price gets more stable and less volatile which make Bitcoin more useful for transactions. Bitcoin doesn't need a central bank because it has us. We make our money by punishing volatility.

I often heard this argumentation and it reminds me of my smallest child, 1,5 years old, using a bar of chocolate or toy blocks as a mobile phone.

Stability regarding your mentioned aspects is illusionary. Bitcoin can fake a matured market, but isn't a matured market. The market cap is a lot too small, and stability on ~500 is nothing more than a little rest before next volatile swing.

[Phillis]

someone is cashing out on bitfinex, dumping until 500

[razorramon]

Which if you girls keep selling down to exactly $500 at BFX?

From looking at ze volume chart I first assumed there was a hidden order there but no, it's some fatso who keeps selling down to $500 exactly but never below. I thought this fat-girl was done yesterday after spewing out nearly 2k BTC but no, she is clearly at it again today.

1) Who is this fat women doing this?
2) How many BTC has she got left?
3) War against a foreign country only happens when the moneyed classes think they are going to profit from it.
4) This bullflag won't break up to the upside dragged by western exchanges as long as she keeps on doing this unless China (who did 8k BTC between 3070 and 3080 yesterday before trying to move up) drags BFX by the hair.

i think it's the same person that is in charge for the whole august drop as well...it looks like
a) early adopter who wants out or needs a huge some of money asap
b) someone who came to a large sum of btc and wants to make it to fiat...could be a hacker or someone who sold something very expensive (like that 1.6 mil house)...
it looks like at the beginning there was no good strategy how to exchange the btcs and now it evolved to "dump here and then to limit 500 on bitfinex"
of course it could also be just a stress test...but i think it's b)...there's just to much rush in the dumping and also a lot of loss
anyway i think it's over soon or at least the strategy evolves to something that allows more rise to minimize loss

[JayJuanGee]

I hope it is truly not the dirty fiat dollars that lead him to share his opinion in the way that he does.

I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.

IMHBO, there is NOTHING wrong with professors, and there is nothing wrong with having governments pay professors to carry out professorial duties and to teach the public and to engage in research and to present various points of view that allow people to develop and engage their critical thinking skills in order to make better choices in their designing and structuring of communities and its various resources. 

On the other hand, there are problems with Jorge playing the role of professor and seeming to intentionally skew and mislead in this thread with his ongoing selective misrepresentations of the information in order to attempt to denigrate bitcoin.  There are a lot of good things that professors do and that governments do in the service of public good and in the interest of the public, and Jorge's participation in these various bitcoin talk threads does NOT seem to be serving the public in that direction b/c it appears that he is purposefully engaging in tactics to misinform and to mislead people about reality.

He's on some kind of mission to propagate the status of current banking institutions by spreading disinformation to undermine bitcoin and other crypto currencies, but mostly he seems to be focused on bitcoin, since bitcoin is the most threatening to status quo financial institutions.

[JorgeStolfi]

I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.

I am paid by the taxpayers of the State of São Paulo, to be more precise.

You are payed by those who buy the bitcoins that you sell.  That of course determines the opinion that you pretend to have about its future.

[cmacwiz]

https://www.youtube.com/watch?v=Ww4m8GUK69E

so many explosions in the beginning

[ChartBuddy]

Explanation

[zby]

Which if you girls keep selling down to exactly $500 at BFX?

From looking at ze volume chart I first assumed there was a hidden order there but no, it's some fatso who keeps selling down to $500 exactly but never below. I thought this fat-girl was done yesterday after spewing out nearly 2k BTC but no, she is clearly at it again today.

1) Who is this fat women doing this?
2) How many BTC has she got left?
3) War against a foreign country only happens when the moneyed classes think they are going to profit from it.
4) This bullflag won't break up to the upside dragged by western exchanges as long as she keeps on doing this unless China (who did 8k BTC between 3070 and 3080 yesterday before trying to move up) drags BFX by the hair.

Looks like bulls are losing temper.

That was probably the most disturbing comment in this forum in a loooong time.

[JayJuanGee]

I have been thinking that it has to be the clean, freshly made fiat dollars, but then again I don't know... In my country, professors are paid by the government and that's pretty much all you need to know.

I am paid by the taxpayers of the State of São Paulo, to be more precise.

You are payed by those who buy the bitcoins that you sell.  That of course determines the opinion that you pretend to have about its future.

Merely b/c almost all of us, in this thread, are invested in BTC (or trading it) does NOT mean that we are biased in our comment, and that our comments are less objective than yours.  Actually, you, time after time, have demonstrated a considerable proclivity to skew your various renditions of relevant influences upon the price of bitcoin and relevant influences on the future successful application(s) of bitcoin.

[windjc]

someone is cashing out on bitfinex, dumping until 500

Well, leveraged longs are once again creeping up, now over 19 million total. At current rates, holders will lose around 5% of there money in 30 days.

Could be someone ready to get out.