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

[fonzie]

I´m pretty optimistic that 150$ will hold by the end of the year absent of any flash crash.

Back to the good ole bearish, Fonzie... You must have sold...

Hopefully, you are NOT going to get burned by your decision.  

I still have some that are on their way for real life use to SR which can take up to 20h. Hopefully Bitcoin will not drop below 300$ in the next 36 hours. Otherwise the amount of solid LSD coins will be much less that what i have planed. I´m also pretty worried that some of the SR vendors will pause their activities after the last weeks, it must really suck for them to lose up to 5-10% of their profit after a deal has taken part . Too bad for them that they can´t use Bitpay
Bitcoin is destroying lives!!!!!!!!!!!

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[ChartBuddy]

Explanation

[fonzie]

That Paypal bull-trap was one of the most gruesome ones this year. All optimism that was left got smashed with a hammer in no time.

Edit: Should have all better invested in something reliable e.g. DOGE

[mmitech]

That Paypal bull-trap was one of the most gruesome ones this year. All optimism that was left got smashed with a hammer in no time.

Only the bull-tards who believed it was the start of next bubble got smashed, I knew it all along.... but hey who would listen to an "idiot" bear like me right ?

[JayJuanGee]

and we are back to pre-Paypal news (as expected), I was thinking these past few days and I think that I will start buying back between $100-200.

lol!

At least, he has been thinking... which should help him to formulate more realistic views, unless he's on some kind of fantasy loop in which the thinking does NOT cause him to escape from his fantasy?

I'd be a little careful, JJG. Last time you ridiculed mmitech for a bad decision, it turned out he'd called it perfectly.
Just sayin'

If someone happens to be correct in his/her prediction that does NOT indicate that the person was correct based on any higher knowledge or insight or even that the person has good predictive abilities.   Surely, it could be true that mmitech has some access to secret knowledge about some kind of plot to destroy bitcoin that he is banking upon but he is NOT sharing with us... but really that does NOT seem to be the case b/c in essence he seems to spend a lot of time gloating and talking his book and attempting to persuade others of his vision to sell while the selling is good, supposedly.

Additionally, I don't understand your comment about "being careful?"  Are you implying that mmitech has some kind of higher or secret knowledge?  or are you suggesting that there is some kind of carma involved by ridiculing a poster like mmitech? 

By the way, if you do NOT recall history correctly, I ridiculed mmitech (to the extent that you could characterize my conduct as ridiculing) for his lack of communication and/or lack of any explanatory skills and his self-righteous gloating position, NOT about his particular prediction and/or his action to sell.  I could really give a flying fuck about whether he sells or does NOT sell on a personal level, but instead of just selling and enjoying his profits, he continues to post and to gloat on an ongoing basis (even at the time that he was making some of those earlier sales). 

So, anyhow, I am having a little bit of confusion about why you feel necessary to jump in to support mmitech's various predictions - this one and/or his previous predictions? 

[fonzie]

That Paypal bull-trap was one of the most gruesome ones this year. All optimism that was left got smashed with a hammer in no time.

Only the bull-tards who believed it was the start of next bubble got smashed, I knew it all along.... but hey who would listen to an "idiot" bear like me right ?

It was a pretty profitable short term trade at least, got out with 7% extra USD in less than a day , so í was okay with it.

[JayJuanGee]

I´m pretty optimistic that 150$ will hold by the end of the year absent of any flash crash.

Back to the good ole bearish, Fonzie... You must have sold...

Hopefully, you are NOT going to get burned by your decision.  

I still have some that are on their way for real life use to SR which can take up to 20h. Hopefully Bitcoin will not drop below 300$ in the next 36 hours. Otherwise the amount of solid LSD coins will be much less that what i have planed. I´m also pretty worried that some of the SR vendors will pause their activities after the last weeks, it must really suck for them to lose up to 5-10% of their profit after a deal has taken part . Too bad for them that they can´t use Bitpay
Bitcoin is destroying lives!!!!!!!!!!!

Some venders do NOT mind taking the chance to hold BTC.. especially if they are bullish in the long-term... Surely it depends upon their need to convert to cash in order to pay bills, which can be a real world concern.  I would imagine that the various venders on SR take steps to protect themselves from some of the volatility (but you are correct that some may be hurt by such volatility, from time to time).

[JayJuanGee]

That Paypal bull-trap was one of the most gruesome ones this year. All optimism that was left got smashed with a hammer in no time.

Only the bull-tards who believed it was the start of next bubble got smashed, I knew it all along.... but hey who would listen to an "idiot" bear like me right ?

A Bull watching two bears having a chat  (one bear used to be a bull a while back and the other bear used to be a bear, then a bull, then a bear, then a bull and now a bear again):     

[Cassius]

So, anyhow, I am having a little bit of confusion about why you feel necessary to jump in to support mmitech's various predictions - this one and/or his previous predictions? 

Nevermind. It's not worth the trouble.

[fonzie]

I´m pretty optimistic that 150$ will hold by the end of the year absent of any flash crash.

Back to the good ole bearish, Fonzie... You must have sold...

Hopefully, you are NOT going to get burned by your decision.  

I still have some that are on their way for real life use to SR which can take up to 20h. Hopefully Bitcoin will not drop below 300$ in the next 36 hours. Otherwise the amount of solid LSD coins will be much less that what i have planed. I´m also pretty worried that some of the SR vendors will pause their activities after the last weeks, it must really suck for them to lose up to 5-10% of their profit after a deal has taken part . Too bad for them that they can´t use Bitpay
Bitcoin is destroying lives!!!!!!!!!!!

Some venders do NOT mind taking the chance to hold BTC.. especially if they are bullish in the long-term... Surely it depends upon their need to convert to cash in order to pay bills, which can be a real world concern.  I would imagine that the various venders on SR take steps to protect themselves from some of the volatility (but you are correct that some may be hurt by such volatility, from time to time).

A lot of them will probably end with a hammer smashed face if they are trying to tell their wholesaler that they can´t pay him because BTC crashed. Of course only if the wholesaler is NOT a Bitcoin believer....

[MrPiggles]

I´m pretty optimistic that 150$ will hold by the end of the year absent of any flash crash.

Back to the good ole bearish, Fonzie... You must have sold...

Hopefully, you are NOT going to get burned by your decision.  

I still have some that are on their way for real life use to SR which can take up to 20h. Hopefully Bitcoin will not drop below 300$ in the next 36 hours. Otherwise the amount of solid LSD coins will be much less that what i have planed. I´m also pretty worried that some of the SR vendors will pause their activities after the last weeks, it must really suck for them to lose up to 5-10% of their profit after a deal has taken part . Too bad for them that they can´t use Bitpay
Bitcoin is destroying lives!!!!!!!!!!!

SR is a joke.

I bought off Agora today and my coins were deposited within 30 mins, I overpaid in case of any fluctuations, bought the item, withdrew the balance (broadcast within 30 seconds) and I have full escrow protection if anything goes wrong.

Or ya know, use SR, wait 2 days for my payment to be credited if at all, then have no escrow protection either.

[fonzie]

I´m pretty optimistic that 150$ will hold by the end of the year absent of any flash crash.

Back to the good ole bearish, Fonzie... You must have sold...

Hopefully, you are NOT going to get burned by your decision.  

I still have some that are on their way for real life use to SR which can take up to 20h. Hopefully Bitcoin will not drop below 300$ in the next 36 hours. Otherwise the amount of solid LSD coins will be much less that what i have planed. I´m also pretty worried that some of the SR vendors will pause their activities after the last weeks, it must really suck for them to lose up to 5-10% of their profit after a deal has taken part . Too bad for them that they can´t use Bitpay
Bitcoin is destroying lives!!!!!!!!!!!

SR is a joke.

I bought off Agora today and my coins were deposited within 30 mins, I overpaid in case of any fluctuations, bought the item, withdrew the balance (broadcast within 30 seconds) and I have full escrow protection if anything goes wrong.

Or ya know, use SR, wait 2 days for my payment to be credited if at all, then have no escrow protection either.

Will check out Agora next time, was always too lazy so far, but that sounds pretty good. Thanks for the recommendation
I really missed the escrow option from SR 1.0 or early SR 2.0. Otherwise, it was removed for safety reasons which is understandable after so many marketplaces got hacked.

[JayJuanGee]

So, anyhow, I am having a little bit of confusion about why you feel necessary to jump in to support mmitech's various predictions - this one and/or his previous predictions? 

Nevermind. It's not worth the trouble.

I don't mind communicating by PM, either... ... It's NOT like I am trying to trick anyone or to be disingenuous regarding my posts... but sometimes, if there are public insinuations, that may cause for a need for a longer explanation of the context.

[Davyd05]

How many bounces off of 395 edit 390ish can we have ?

[JayJuanGee]

I´m pretty optimistic that 150$ will hold by the end of the year absent of any flash crash.

Back to the good ole bearish, Fonzie... You must have sold...

Hopefully, you are NOT going to get burned by your decision.  

I still have some that are on their way for real life use to SR which can take up to 20h. Hopefully Bitcoin will not drop below 300$ in the next 36 hours. Otherwise the amount of solid LSD coins will be much less that what i have planed. I´m also pretty worried that some of the SR vendors will pause their activities after the last weeks, it must really suck for them to lose up to 5-10% of their profit after a deal has taken part . Too bad for them that they can´t use Bitpay
Bitcoin is destroying lives!!!!!!!!!!!

A lot of them will probably end with a hammer smashed face if they are trying to tell their wholesaler that they can´t pay him because BTC crashed. Of course only if the wholesaler is NOT a Bitcoin believer....

Surely there are BTC related businesses on the margins and there are people that live pay check to pay check, but overall any business dealing with BTC will have to factor in BTC volatility, and if they were overly bullish in their anticipations about BTC and/or living too much on the edge or taking too many risks with BTC prices, then maybe their business will have to fail.  

A lot of businesses are likely to fail in bitcoin (just like any other new technology or new field) because new developing businesses take a lot of risks and frequently make the wrong predictions and/or take the wrong precautionary measures.. and sometimes that is part of the gamble with any new business that has a very high potential upside that you gotta be able to ride through the dips.... and to be prepared for such... which is easier said than done.  Even very successful people get these kinds of calculations wrong.

NOW, whether this BTC baby is going to $375 or $350 or $300 that is another story.  I recognize that you and Mmitech are probably talking your books as if the BTC downtrend is inevitable - but each of us should understand by now that anything is possible in BTC-landia.  I can see dipping below $400 and even potentially BTC prices going down into the $350s, but I have a hard time seeing lower than $350 prices... without a considerable amount of volume and maybe even surprise that there are that many coins for sale or that many who are willing to allow BTC prices to fall.

Certainly, my vision does NOT mean that a downfall below $350 will NOT happen - because certainly, in June-ish, I was of the belief with a considerable amount of confidence that BTC prices were on their way up when prices were in the upper $500s and into the $600s - but that upward rocket did NOT pan out.  Maybe even you jumped on board at that time, and then you jumped off and then you jumped on and now you appear to be off again.. good luck with those flip flops .


Some venders do NOT mind taking their chances to hold BTC.. especially if they are bullish in the long-term... Surely it depends upon their need to convert to cash in order to pay bills, which can be a real world concern.  I would imagine that the various venders on SR take steps to protect themselves from some of the volatility (but you are correct that some venders may be hurt by such BTC volatility, from time to time).  

[JayJuanGee]

How many bounces off of 395 edit 390ish can we have ?

I thought that we were using bitstamp as our price reference point?  , and bitstamp has NOT gone below $400 for more than 2.5 days ago.. touched $400 twice during that period, so far.

[akujin]

[Globb0]

Bitcoin talk wisdom...


This thing is gonna take off majorly, otherwise its going down hard, with a strong possibility we will see some sideways action

[MrPiggles]

Will check out Agora next time, was always too lazy so far, but that sounds pretty good. Thanks for the recommendation
I really missed the escrow option from SR 1.0 or early SR 2.0. Otherwise, it was removed for safety reasons which is understandable after so many marketplaces got hacked.

SR2 was never hacked, but that's beside the point.

Agora has never been hacked, nor evolution, and now evolution is multisig there is no point in hacking it.

Evolution is the fastest market these days. DrClu from SR2 is always DDOSing agora so it can be a bit slow.

[MrPiggles]

Bitcoin talk wisdom...


This thing is gonna take off majorly, otherwise its going down hard, with a strong possibility we will see some sideways action

I wish i could fit this in my signature