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

[justusranvier]

There cannot be rigorous arguments in that sort of subject.

Called it.

Maintaining your belief requires you to preemptively deny the possibility of being wrong, just like any other religion.

[creekbore]

I think I have seen a correlation: the more the BTC price struggles in a bear market, the more cultists are energised to bash Jorge.

[grappa_barricata]

Something is going to happen soon, Huobi got a 1k+ bid support, which is very unusual to see such walls close up the order book. bitfinex has the 3k+ sell wall, so there's certainly going to be some action soon, question is which direction does it go?

I think those are to trick chinese traders in a false sense of security before they go to sleep... after they close they eyes, surprise!

[findftp]

Sorry, but the belief that it is possible to get rid of governments, and that society will be better without them, is religion.

And while there is not much historical evidence suggesting a government-less society would or would not function due to absence of data,...

I think you can safely assume the planet functioned perfectly fine billions of years without having a government.

Yes, if there are less than a few thousand people scattered through all corners of the earth, then probably there was NO government and no need for a government; however, when people started to live in community and to share resources and resources become limited, then the more need there is for a government.

Or the more likely a bully stands up because he has more power and strength than others so he can demand others to work for him.
Because others thought they were fed by him and were scared they were starting to worship him, a government was born.

If that's your understanding of what is government, then you have probably been watching too much Fox "news"

1. I don't watch television (anymore)
2. I never watched fox, I live in europe.
3. Fox is just as bad as almost any other network.

[grappa_barricata]

Truth being told, the whole US 'media' culture is losing grip with reality in unprecedented ways... the Joe Sixpack with a Cowboy Hat that save the bombing day anyone?

[minerpumpkin]

Every day, for weeks on end, all I see is bots trading back and forth.  When are we gonna get some real buyers again?

Haven't we been promised the traders to come back after summer? It's nearly autumn now and I don't see any increase, in fact we're still going down, I suppose... Maybe the real bottom hasn't been reached. We need to meet the long-long-long-term support, I believe.

[ChartBuddy]

Explanation

[grappa_barricata]

Haven't we been promised the traders to come back after summer? It's nearly autumn now and I don't see any increase, in fact we're still going down, I suppose... Maybe the real bottom hasn't been reached. We need to meet the long-long-long-term support, I believe.

[InwardContour]

The actual situation looks bad, I would like to se again $600 but probably we won't see that value in months.

[oda.krell]

Yes.  This!  I think it is time to start getting angry at whoever is putting up these stupid walls.

Why? Not like there's anything I can do about it but destroy my arteries. Better to be Zen about it. Bitcoin's time will come in due course and if not, it is not worthy of it anyway.

Spot on. I understand the frustration that a protracted bear market can cause, but I also don't fail to see the irony that a forum full of, by and large, dyed-in-the-wool libertarians and free market believers make emotional appeals to said market to go in a different direction than it is going in reality.

[jeezy]

Every day, for weeks on end, all I see is bots trading back and forth.  When are we gonna get some real buyers again?

Haven't we been promised the traders to come back after summer? It's nearly autumn now and I don't see any increase, in fact we're still going down, I suppose... Maybe the real bottom hasn't been reached. We need to meet the long-long-long-term support, I believe.

Well, yeah. That's what euphorias last gasp does. Hit 330-350 range and shoot back up in no time. You will see.

[adamstgBit]

yup situation looks bad ass alright.  

[messibtc]

From now call me weak hand, I'm going to sell a small percent of my hodling coins.

[phoenix1]

[ShroomsKit]

From now call me weak hand, I'm going to sell a small percent of my hodling coins.

Keep in mind people like you are causing the price to drop.
You can't sell and then complain that the prices go down.

[adaseb]

Yes but if you look at the daily chart, the chart is looking very bearish.

My sell order never filled around $500 and its scary shorting here.

[inca]

Yes but if you look at the daily chart, the chart is looking very bearish.

My sell order never filled around $500 and its scary shorting here.

It is looking bearish because someone dumped 6000 coins this morning. Actually the price hasn't moved since.

[phoenix1]

From now call me weak hand, I'm going to sell a small percent of my hodling coins.

Keep in mind people like you are causing the price to drop.
You can't sell and then complain that the prices go down.

That's OK, you will surely do the complaining for him

[messibtc]

From now call me weak hand, I'm going to sell a small percent of my hodling coins.

Keep in mind people like you are causing the price to drop.
You can't sell and then complain that the prices go down.

I'm talking about 0,2 btc I'm just a poor hodler

[oda.krell]

Love this guy. Fast thinking, pretty accurate, pretty fair, pretty realistic as well.




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


[to the question if Bitcoin has a chance to become a real, viable currency]

"It's very possible [...] But we're still on freakshow mode"


EDIT: old interview, via reddit