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

[colour]

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

[sajisama]

http://s28.postimg.org/94kcjp5al/save_the_cheerleader.png http://pasteboard.co/1424vwkk.png
save the cheerleader, save the world, #bitcoin upcoming insane rally on 3day 8/41 cross and 3day MACD crossing green  

Sorry to tell you this but drawning lines on a chart doesn't work. It predicts absolutely nothing. It's as acurate as throwing dice. Why people still dont't get that after 1000's of examples that failed is beyond me.

Mainly because "chartists gonna chart", i agree trendlines are not really "that" reliable, still its usefull, specially on this resistance trendline and 8/41 EMA, as you seen 3day MACD crossing green. If not how do you trade with? you just blindly gamble?

[podyx]

Sorry to tell you this but drawning lines on a chart doesn't work. It predicts absolutely nothing. It's as acurate as throwing dice. Why people still dont't get that after 1000's of examples that failed is beyond me.

Still, people are safely making billions on those lines... I think you're wrong but.. who knows right??

[inca]

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

[hmmmstrange]

With the leveling of the mining difficulty, inflation of the bitcoin money supply has fallen from 12% to 10% per annum. An instant 20% reduction in the new money supply has huge influence on tipping the equilibrium of the price.

Sure, good point. But I'd assume that rising prices will bring mining operations back in as the profitability of mining increases again, and inflation will pick up again. So I'm not sure if this will help a sustainable rally to develop.

Remember that inflation used to be much higher

Yep, it was much higher but the the coins were being mined by "hobbyists" who didn't sell them. Right now the majority of coins are being mined in china where they have very little incentive of keeping them.

[ChartBuddy]

Explanation

[colour]

Remember that inflation used to be much higher

Are you talking about the inflation before the first halving? Yes, it was higher. But even the halved mining rewards didn't really help us to keep the price at the highly elevated levels that were reached during the hype phase at the end of 2013. Now the hype is gone, but many market participants still try to cling to these high price levels as if they were the new norm and refuse to accept that without the hype they are actually unsustainable. And from my perspective, I don't see a significant influx of new buyers coming in to re-incite the hype.

[spooderman]

Monday morning! Let's go! Bull week! Yeah!! YEAHH!!!!

https://www.youtube.com/watch?v=6lutNECOZFw

[jonoiv]

http://pasteboard.co/1424vwkk.png
save the cheerleader, save the world, #bitcoin upcoming insane rally on 3day 8/41 cross and 3day MACD crossing green  

Sorry to tell you this but drawning lines on a chart doesn't work. It predicts absolutely nothing. It's as acurate as throwing dice. Why people still dont't get that after 1000's of examples that failed is beyond me.

Mainly because "chartists gonna chart", i agree trendlines are not really "that" reliable, still its usefull, specially on this resistance trendline and 8/41 EMA, as you seen 3day MACD crossing green. If not how do you trade with? you just blindly gamble?

Thats shroomskit,  he is wrong 100% of the time and anyone that gives him good advice ends up on the ignore list. 

[fonzie]

Any updates on Mintpal? Can affected users now withdraw their remaining balances? I haven´t  found a thread and am curious.

Also this just came in...

http://www.coindesk.com/bitcoin-trader-customer-losses-management-disappearance/

"A popular bitcoin arbitrage service has collapsed, resulting in the loss of customer funds and the dissolution of a company that had a notable presence in the industry."

Another one bites.....

[fonzie]

Thanks!

[jonoiv]

Huobi wan kenobi just broke out 

[derpinheimer]

Dat hashrate stability tho?

[jonoiv]

Dat hashrate stability tho?

huh?

[derpinheimer]

Dat hashrate stability tho?

huh?

The hashrate.. it isnt going up anymore.

Also, here is future guaranteed with 0% certainty. Recommended trade on these curves 100%.

[fonzie]

https://blockchain.info/tx/711911aca2df7e2f899975008b69fbabb942043759c1bd90a56ca50c751feeee
this send of 148btc from the wallet, always following the largest amount, leads to
https://blockchain.info/tx/9c0824176a642f4e4542cd6438ae689f6d9d843532ee8c3aba3f4d105bcf3b86 = 58.7821574 BTC deposit to....
https://blockchain.info/address/14S6kiHzVNcSCA9TCiPaEGJfSiP1HHokEd   33,915 btc !!! leads to...
https://blockchain.info/address/122JyMtGtiiP4mMFn86tAGfrqiyhXAnrrk   184,664 = BITSTAMPS ADDRESS ??!!?? = cashing out stolen funds

Should this be reported to bitstamp or some other exchanges to try and lock his account (if his name/names match) ?

DEFINITELY. HAS SOMEONE REPORTED THIS YET? BITSTAMP SHOULD FREEZE THAT WALLET PENDING INVESTIGATION IMMEDIATELY.

Mintpal scammer AlexGreen/Ryan Kennedy seems to be sending his stolen funds to Bitstamp. I thought the criminals were supposed to bring BTC/USD up because they had to BUY bitcoins to get out due to their latest KYC/AML announcment !  

 

 

[janos666]

[img]
save the cheerleader, save the world, #bitcoin upcoming insane rally on 3day 8/41 cross and 3day MACD crossing green  

Sorry to tell you this but drawning lines on a chart doesn't work. It predicts absolutely nothing. It's as acurate as throwing dice. Why people still dont't get that after 1000's of examples that failed is beyond me.

Mainly because "chartists gonna chart", i agree trendlines are not really "that" reliable, still its usefull, specially on this resistance trendline and 8/41 EMA, as you seen 3day MACD crossing green. If not how do you trade with? you just blindly gamble?

I like to keep around a small screen and watch the raw(ish) data in my idle time to get an idea about the attitude while doing something else on the big screen. But I do take a look at the indicators as well (mostly MACD and StochRSI).

There are two ways to make those lines cross: a real trend reversal or a huge spike with big weight into the old direction, followed by a nice enough hot-correction with big enough weight. I guess this time it's the latter. I think the price should have bounced back to >=450$ by now if the attitude really changed. I don't think there was any good reason for a trend reversal anyway (other than the good old reason that BTC should be >>1000$ by now, so <1000$ is really cheap...).

[keewee]

Dat hashrate stability tho?

huh?

The hashrate.. it isnt going up anymore.

Also, here is future guaranteed with 0% certainty. Recommended trade on these curves 100%.

https://i.imgur.com/epf7FrO.png

Next difficulty is estimated to increase 2.79% so it is still rising, just not as quickly. I reckon it will start to rise at a faster rate again once the bitcoin price ramps up

[ChartBuddy]

Explanation

[ElysianBaws]

intresting=P