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

[BlindMayorBitcorn]

Here is a prediction.
It's not even a prediction, it's a guarantee. Everyone is waiting for the next rally. When that next rally happens as soon as we go up 20 or 30 bucks everyone here will absolutely totally fucking dump the shit out of the market to make 100 bucks profit, stop the rally and most likely take the price down again.

After that you will come right away here again and wonder why the rally stopped. Then the next 2 weeks you keep posting useless charts and discuss why we won't go up. And then the next rally starts and you repeat it all over again.

That's how fucking dumb traders are.

Traders make money. Hodlers sit on unrealized loss for 10 months

[DaRude]

or both.

never liked bitfinex.

Why? I can see small exchanges with little volume being scammers but BFX has a good business model and should be (very) profitable (unlike whoboy, how do they make $ again?). Why screw with fractional reserves and kill the golden goose? I think Gox's Karpeles was just (criminally) incompetent/negligent, he had everything going for him market share, name recognition etc... no sane person would intentionally sabotage that.  

[ShroomsKit]

Here is a prediction.
It's not even a prediction, it's a guarantee. Everyone is waiting for the next rally. When that next rally happens as soon as we go up 20 or 30 bucks everyone here will absolutely totally fucking dump the shit out of the market to make 100 bucks profit, stop the rally and most likely take the price down again.

After that you will come right away here again and wonder why the rally stopped. Then the next 2 weeks you keep posting useless charts and discuss why we won't go up. And then the next rally starts and you repeat it all over again.

That's how fucking dumb traders are.

Traders make money. Hodlers sit on unrealized loss for 10 months

9 out 10 traders lose money.

[fonzie]

My personal favorites for BTC exchanges that will "dissapear" in the next months are either Bitfinex or Huobi. Just a wild guess.

So where do you trade?

Usually Bitstamp(most trustworthy in my opinion), and if i like to trade with leverage long or short i use okcoin.com for short terms as their engine works real smooth(+high liquidity and low fees)  and they have a pretty good instant live support ( but i also wouldn´t really recommend the latter one to any friend,simply because i don´t trust any of the exchanges right now) . I went away from Bitfinex due to all their bugs/problems and somehow fishy actions they had this year, i don´t like their support or how they handle their "controlled" long/short squeezes...

[BlindMayorBitcorn]

Here is a prediction.
It's not even a prediction, it's a guarantee. Everyone is waiting for the next rally. When that next rally happens as soon as we go up 20 or 30 bucks everyone here will absolutely totally fucking dump the shit out of the market to make 100 bucks profit, stop the rally and most likely take the price down again.

After that you will come right away here again and wonder why the rally stopped. Then the next 2 weeks you keep posting useless charts and discuss why we won't go up. And then the next rally starts and you repeat it all over again.

That's how fucking dumb traders are.

Traders make money. Hodlers sit on unrealized loss for 10 months

9 out 10 traders lose money.

So in retrospect we all should have sodl. Who knew

[fonzie]

Here is a prediction.
It's not even a prediction, it's a guarantee. Everyone is waiting for the next rally. When that next rally happens as soon as we go up 20 or 30 bucks everyone here will absolutely totally fucking dump the shit out of the market to make 100 bucks profit, stop the rally and most likely take the price down again.

After that you will come right away here again and wonder why the rally stopped. Then the next 2 weeks you keep posting useless charts and discuss why we won't go up. And then the next rally starts and you repeat it all over again.

That's how fucking dumb traders are.

Here is my TA.  You are a moron

Confirmed

[riiiiising]

Bitcoin is going nowhere but up. If you don't believe that, then you don't belong here and we don't want you here.

[jonoiv]

My personal favorites for BTC exchanges that will "dissapear" in the next months are either Bitfinex or Huobi. Just a wild guess.

So where do you trade?

Usually Bitstamp(most trustworthy in my opinion), and if i like to trade with leverage long or short i use okcoin.com for short terms as their engine works real smooth(+high liquidity and low fees)  and they have a pretty good instant live support ( but i also wouldn´t really recommend the latter one to any friend,simply because i don´t trust any of the exchanges right now) . I went away from Bitfinex due to all their bugs/problems and somehow fishy actions they had this year, i don´t like their support or how they handle their "controlled" long/short squeezes...

Bitstamp are a UK limited.  There is plenty of reasons not to trust a Ltd. Don't get me wrong, there are 1000's of trustworthy Ltd's in the UK.  But almost all scam companies in the UK setup as a Ltd, because there are massive amounts of loop holes in UK law that limited companies take advantage of.

I don't trust any off them.  but it's a necessary evil.  

[rjp55]

I don't get what the issue is. It's a free market. Buy it, sell it, hold it...do whatever you want with it. Do anything but cry about what it's doing. Market owes you nothing and it's every man for himself. If you believe in the technology hold it and shut your mouth. If you don't like the volatility put your money where your mouth is and trade it. If you don't like either then walk away. But for God's sake, stop crying.
 

[DaRude]

http://fortune.com/2014/10/24/bitcoin-fraud-scam/

This. It is actually a decent commentary in that it calls out some scams but is supportive of blockchain technology. A bit vapid, but pretty practical and on point.

So he's bull on crypto currency just not BTC. Which i feel is the sentiment around. I think it's still bullish for BTC, with that logic BTC should still keep going up until something better starts to replace it then we should see the market shifting over to new coin. Then the argument becomes how much is BTC's early market share/adoption is worth, and how adoptable will BTC be. But that just doesn't seem to be the case now, the market cap for ALL crypto currencies is going down. Can we get some graphs of total market cap of ALL cryptos and how much of that is in BTC? I'll bet it's hovering around 95%

[BlindMayorBitcorn]

Bitcoin is going nowhere but up. If you don't believe that, then you don't belong here and we don't want you here.

Cultist

[ChartBuddy]

Explanation

[WeltMaster]

I might take out a big credit loan and buy bitcoin,

 

[BBmmBB]

I might take out a big credit loan and buy bitcoin,

 

lol does bitcoin accept credit cards!!!?? bwaahahaha   

[jonoiv]

This is where the last of the muppets are dumping.  Soon a mini rally

[njcarlos]

Can anyone explain this book movement?



What I'm looking for in particular is a reason to believe the books aren't almost 100% made up of some well-funded trading bots.

[abercrombie]

[njcarlos]

No one? Good to know this market is propped up by a few big money players and almost zero grass-roots, organic activity.

[marcus_of_augustus]

No one? Good to know this market is propped up by a few big money players and almost zero grass-roots, organic activity.

that's the way it's going ... though right now they are not big big, just bigger than little guys.

Eventually it will be merchant banks and CBs using bitcoin to settle their scores because it is the best solution out there for that particular problem right now, bar none. SWIFT is a mere messaging system and centralised, bitcoin is a quantum leap ahead of SWIFT in value information technology terms.

Just be glad that if you have the chops you can get a seat at the big boy table.

[ChartBuddy]

Explanation