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

[Davyd05]

cup formed will the handle follow with profit taking?

4h stamp

I like the look of the 1week candles for arbitrary reasons

[catena5260]

Will we complete a weekend without a dump? If y, then it is the buylish I was waiting for

[YogoH]

ahahah this shroomy guy is so salty all the time. relax man and make some money with us

[heartastack]

ahahah this shroomy guy is so salty all the time. relax man and make some money with us

Old men gotta stop living in the past. Every day is FRESH

[ShroomsKit]

Ok the pump is over. I guess we can expect the dump soon.
Maybe too early for the dump though. We didn't go up a lot.

Could bounce off 74 and still be incredibly bullish

I still see absolutely nothing i would call bullish.
There is no buying pressure. New people who tried to get in were screwed over by traders and left already. Even pumps hardly do anything. Nothing in this situation is bullish.

I see $100 increase in a week rofl, and you have been cynical the whole way up. A broken clock is right twice a day.

Again: this was caused by new people who thought it was a good time to get in and were spending shitloads untill traders completely dumped the shit out of the market and made them stop buying. So yes it was bullish for a few days and that's over now as everyome can clearly ser.

[Omikifuse]

huge dump on bitstamp  

from 383 to 376


Such huge dump

[JayJuanGee]

LOL I looking smart buying 2 BTC at 280 a week or so ago.

Of course keeping an close eye on it just in case i need to exit, but then I will just by lower again.

Yeah.. you are so amazing.  

Dude, get over yourself. Im no where claiming to be a say all in market movement. Im just proud I actually got it to work out for me for once.

I'm glad for you then...

[Davyd05]

1500 or so in short covered in the last spike http://www.bfxdata.com/combined/btc.php

[gnode]

Those that aren't buying are on the wrong side of the technology curve,

http://blogs.wsj.com/accelerators/2014/10/10/weekend-read-the-imminent-decentralized-computing-revolution/

You can play daytrader all you want but you will get burned.

Buy and Hodl!

[ImI]

Those that aren't buying are on the wrong side of the technology curve,

http://blogs.wsj.com/accelerators/2014/10/10/weekend-read-the-imminent-decentralized-computing-revolution/

You can play daytrader all you want but you will get burned.

Buy and Hodl!

decentralized computing revolution, yes. but not necessarily bitcoin.

[ticoti]

I think we are breaking 400 and reaching 420-430 in next days,in that moment a dump would come

[gnode]

Those that aren't buying are on the wrong side of the technology curve,

http://blogs.wsj.com/accelerators/2014/10/10/weekend-read-the-imminent-decentralized-computing-revolution/

You can play daytrader all you want but you will get burned.

Buy and Hodl!

decentralized computing revolution, yes. but not necessarily bitcoin.

Yes it will be bitcoin. 2 simple reasons, 1) biggest network and 2) most tested in the real world

[heartastack]

I think we are breaking 400 and reaching 420-430 in next days,in that moment a dump would come

Why would a dump come? I anticipate the whalenipulators are now going to throw the shorts around like killerwhales on a seal puppy until no meat is left on the bone. I also think punters have been shorting hardcore since ~600. Let's go  

[Erdogan]

Those that aren't buying are on the wrong side of the technology curve,

http://blogs.wsj.com/accelerators/2014/10/10/weekend-read-the-imminent-decentralized-computing-revolution/

You can play daytrader all you want but you will get burned.

Buy and Hodl!

decentralized computing revolution, yes. but not necessarily bitcoin.

Yes it will be bitcoin. 2 simple reasons, 1) biggest network and 2) most tested in the real world

Yes it will be bitcoin. Other blockchain like applications are fine, but 1 simple reason: Bitcoin is superb money.

[Flatulenters]

Why would a dump come? I anticipate the whalenipulators are now going to throw the shorts around like killerwhales on a seal puppy until no meat is left on the bone. I also think punters have been shorting hardcore since ~600. Let's go  

[ChartBuddy]

Explanation

[JorgeStolfi]

Those that aren't buying are on the wrong side of the technology curve,

http://blogs.wsj.com/accelerators/2014/10/10/weekend-read-the-imminent-decentralized-computing-revolution/

That is nonsense... Computing and the internet were extremely decentralized in the late 1980s and 1990s. The megatrend, unfortunately, is towards centralization, where user-programmable personal computers are being replaced by sealed terminals of cloud computing and storage, and fully distributed services like SMPT e-mail, USENET, and institutional ftp servers and webservers are being replaced by centralized services, all provided by a handful of mega-corporations - Facebook, Google, Amazon, ... -- which are beyond even the weak public control that democracy provides.

Bitcoin itself, by the way, is decentralized only in appearance.  Decentralization is supposed to be good because it gives control and privacy to local communities and individuals.  But the idea of bitcoin is "we cannot trust banks and local governments with power to control the monetary system, so let's give all the power to ONE global robotic Network that handles all money in the world, and cannot be controlled by humans".  To me, it sounds like the plot of a 1950s sci-fi movie...

[Flatulenters]

Green weekly candle:  CONFIRMED

[Erdogan]

Those that aren't buying are on the wrong side of the technology curve,

http://blogs.wsj.com/accelerators/2014/10/10/weekend-read-the-imminent-decentralized-computing-revolution/

That is nonsense... Computing and the internet were extremely decentralized in the late 1980s and 1990s. The megatrend, unfortunately, is towards centralization, where user-programmable personal computers are being replaced by sealed terminals of cloud computing and storage, and fully distributed services like SMPT e-mail, USENET, and institutional ftp servers and webservers are being replaced by centralized services, all provided by a handful of mega-corporations - Facebook, Google, Amazon, ... -- which are beyond even the weak public control that democracy provides.

Bitcoin itself, by the way, is decentralized only in appearance.  Decentralization is supposed to be good because it gives control and privacy to local communities and individuals.  But the idea of bitcoin is "we cannot trust banks and local governments with power to control the monetary system, so let's give all the power to ONE global robotic Network that handles all money in the world, and cannot be controlled by humans".  To me, it sounds like the plot of a 1950s sci-fi movie...

The reign of the machines.

[JimboToronto]

Old men gotta stop living in the past. Every day is FRESH

Old men? You talking about Shroomskit?

I thought he was just some kid in his 40s.

You're right about living in the present and keeping things fresh though.

There's time enough to get old when you're in your 90s.