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

[aminorex]

It's kind of scary that there are people out there now who have been invested in bitcoin for almost a year, and are still underwater. Doesn't that tell you that we've been way overvalued in 2014?

Bizarro logic.  If you are under-water, the price likely is low relative to the mean, which means probably under-valued.  If you are black, the price is more likely high relative to the mean, which means probably over-valued.

Here's the problem with any claim that BTC is under- or over-valued:  The degree of uncertainty in future price predictions is too high to make either judgement.  A second-order model treats epistemic uncertainty as an overlay to stochastic uncertainty, but there is no generally recognized quantitive analytic methodology for valuation under conditions of epistemic uncertainty.  It would be a wonderful topic for a Ph.D. thesis in behavioural economics.  I suspect there are already several of that sort, but I am not current on that literature.  References are solicited.

[Tzupy]

Possible Chinese Willy clone at work:
https://bitcointalk.org/index.php?topic=829115.0

[ChartBuddy]

Explanation

[hyphymikey]

Does anyone know the Chinese common name for Willy?

[Wandererfromthenorth]

Looks like all the past countless 24 hours weren't crucial for bitcoin :/

They were not crucial, they were critical.


yeah right  

THE NEXT 24HOURS WILL DETERMINE THE FUTURE OF BITCOINTHE WORLD!!!!    

There, fixed it.

lmao 

[Wandererfromthenorth]

Does anyone know the Chinese common name for Willy?

Wirry?

[inca]

Shorts climbing again. Silly bears.

[tarmi]

nice sucker rally

[inca]

Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!

[Dalmar]

Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!

The 3D MACD went green on Oct 2011 a couple of weeks before the actual major bottom was hit.

[GreekGeek]

Does anyone know the Chinese common name for Willy?

Wirry?

nice +1

[jaberwock]

Mini rally is over.

Back to yesterday's levels we are.

Nothing changed.

[coinableS]

Ha. 3D MACD going green. Looks like main engines are primed to me. Short away!

Nice finally!  But it's gonna flip right back to red if we keep this $380-$390 float and don't get some steady gains

[Pala_00]

[inca]

I wonder if adam could do a little poll.

What will we see first: 200 or 600.

[inca]

Looks like bid support is piling up massively on huobi, too. Not long now.

[tarmi]

600 lol

cant stay above 400 for more than few hours.

[inca]

600 lol

cant stay above 400 for more than few hours.

It doesn't seem to be able to stay below 370 for more than a few seconds either..

Edit: once a few more of you doomers are sucked in and go short, I expect a high volume breakout to squeeze things upwards. Sticking a line on bitcoinwisdom shows we only need to reach roughly 480 and the downtrend from the ATH is confirmed. A few more days of oscillation should do it.

[octaft]

Looks like bid support is piling up massively on huobi, too. Not long now.

What if those walls are only there to keep the price propped up so he can get his asks filled/sell into people out bidding him?

>conspiracykeanu.jpg

[tarmi]

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