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

[JayJuanGee]

I gather one of your points may be that there are potential religions out there for me, and I should NOT rule them out.. and that is possible... .... and maybe I am still finding myself in that regard...

Nah, I'm just saying they're a bit of a laugh

O.k... well, from now on, I will only worship chartbuddy, then. 

[mb300sd]

For every $2 it rises tonight, I'll take a shot.

Get me hammered tonight guys.

[JayJuanGee]

That discordianism did seem to be a pretty interesting religion... and I am having some internal discordance at the moment regarding whether I should disagree with any of your points.    

Start here
http://www.principiadiscordia.com/book/5.php

You have a hidden agenda, don't you?   

If I get involved in studying discordianism, then I will have little to no time left to participate in wall observations.   

[NotLambchop]

Gentlemen! Which one of you budding von Brauns is responsible?



Enough!  Rocketry won't be tolerated!

[Wandererfromthenorth]

lol

[Schickeria]

Bull trap once more, I'll pass this time...

Only that spike and the spike's only there to give a point to stay beneath later, China seems to have found bottom and big dumps are being swallowed up. Maybe. Impossible to know but there's at least the illusion of buying pressure.

It would be a BIG win if we don't go <370 - maybe this is the start of manipulating the price with higher lows (fingers crossed though I am all fiat)

Until now it looks very promising. But if it is a bull trap (on this price level), I think there are very bloody times ahead.

[catena5260]

For every $2 it rises tonight, I'll take a shot.

Get me hammered tonight guys.

How will you manage to get so many negative shots?

[Wandererfromthenorth]

Bitfinex headshot lol

[bassclef]

If the big sellers are gone (and they are for now) we will probably go higher. However if we hover here for too long, others will sell and we'll get a slight bounce downward.

[Sandia]

No confidence in the market.  The big fish want down, so we go down.  99.9% of us have no control over the market.

The better question is why do we keep buying to make them a profit with our losses?

I don't think it works like that. Where are the big fish going to put those profits, if they are invested in Bitcoin they want that wealth to grow not there Bitcoin balances. I think they dump to distribute coins, then when the stars align they buy back in to push the price up.

In my opinion the next trigger point will come when production costs equal market price, after a fiew key triggers the rocket will launch. Untill then it's us 99.9% betting against each other.

IMO, they are collecting coins from the amateur traders.  Instead of putting in fiat, they are playing games to get small fish to buy and sell for the big fish benefit.  This started at 685; if they get to 340, they double their coins plus trading profits.  If there were ever to be another big rise, their profits would double with their btc.

I agree that there is a bottom where this strategy is self-defeating due to the long-term damage to btc.  I think we passed that point at 500.  They apparently think the point is much lower.

I don't short, ever.  But I gave up on the market at 480.  It would take a lot to convince me that the market is truly rising after what has happened in the last few months.


Edit: to paraphrase a poster here "the flies will come back to the shit if the price rises."

[klee]

MEANWHILE: https://twitter.com/LibertyBlitz/status/517055139480207361

[ChartBuddy]

Explanation

[fonzie]

How many times in the history of Bitcoin has the price gone up vertically for days? It was always like this, that´s why some people call Bitcoin volatile. Noobs will get burned and sell low and buy high. 

[klee]

No confidence in the market.  The big fish want down, so we go down.  99.9% of us have no control over the market.

The better question is why do we keep buying to make them a profit with our losses?

I don't think it works like that. Where are the big fish going to put those profits, if they are invested in Bitcoin they want that wealth to grow not there Bitcoin balances. I think they dump to distribute coins, then when the stars align they buy back in to push the price up.

In my opinion the next trigger point will come when production costs equal market price, after a fiew key triggers the rocket will launch. Untill then it's us 99.9% betting against each other.

IMO, they are collecting coins from the amateur traders.  Instead of putting in fiat, they are playing games to get small fish to buy and sell for the big fish benefit.  This started at 685; if they get to 340, they double their coins plus trading profits.  If there were ever to be another big rise, their profits would double with their btc.

I agree that there is a bottom where this strategy is self-defeating due to the long-term damage to btc.  I think we passed that point at 500.  They apparently think the point is much lower.

I don't short, ever.  But I gave up on the market at 480.  It would take a lot to convince me that the market is truly rising after what has happened in the last few months.


Edit: to paraphrase a poster here "the flies will come back to the shit if the price rises."

Respect!

[yokosan]

Is it happening yet, guys?

Guys?

[Omikifuse]

Already in the sub 390 level.

Pretty quick and small pump

[POM]

is bitfinex legit?

[yokosan]

Anybody remember when we had to wait for coinbase to stock up? When we had to wait for money to transfer into Bitstamp from the bank?

Those days may be over... which means the price could go up faster than ever before...

just a thought... and remember... it's impossible to time the bottom which is why you should always be buying on a downturn...

[Omikifuse]

Anybody remember when we had to wait for coinbase to stock up? When we had to wait for money to transfer into Bitstamp from the bank?

Those days may be over... which means the price could go up faster than ever before...

just a thought... and remember... it's impossible to time the bottom which is why you should always be buying on a downturn...

too many downturns that everyone following your advice would end this year with a huge loss

[ErisDiscordia]

If I were religious, I would pray for you... Fuck, but I am NOT.      

Have you considered Pastafarianism, The Church of the Subgenius or Discordianism?

You should. Especially Discordianism. The way you disagree with lots of people and your enthusiasm for it would make you a wonderful pope!

See, even chartbuddy has been proclaimed a Discordian pope already!

That discordianism did seem to be a pretty interesting religion... and I am having some internal discordance at the moment regarding whether I should disagree with any of your points.    

Don't worry, Discordians are forbidden to agree with each other.

Of course, you are free to disagree with that rule.

Some relevant quotes:

If you want in on the Discordian Society
then declare yourself what you wish
do what you like
and tell us about it
or if you prefer
don't.

There are no rules anywhere.
The Goddess Prevails.

KNOW YE THIS O MAN OF FAITH!

I - There is no Goddess but Goddess and She is Your Goddess. There is no Erisian Movement but The Erisian Movement and it is The Erisian Movement. And every Golden Apple Corps is the beloved home of a Golden Worm.

II - A Discordian Shall Always use the Official Discordian Document Numbering System.

III - A Discordian is Required during his early Illumination to Go Off Alone & Partake Joyously of a Hot Dog on a Friday; this Devotive Ceremony to Remonstrate against the popular Paganisms of the Day: of Catholic Christendom (no meat on Friday), of Judaism (no meat of Pork), of Hindic Peoples (no meat of Beef), of Buddhists (no meat of animal), and of Discordians (no Hot Dog Buns).

IV - A Discordian shall Partake of No Hot Dog Buns, for Such was the Solace of Our Goddess when She was Confronted with The Original Snub.

V - A Discordian is Prohibited of Believing what he reads.

IT IS SO WRITTEN! SO BE IT. HAIL DISCORDIA! PROSECUTORS WILL BE TRANSGRESSICUTED.

Hope that doesn't make matters any clearer.