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

[noobtrader]

How I felt about today's rise then huge sell off.



 

how i feel

[ShroomsKit]

Look at the idiots go.

[JimboToronto]

Look at the idiots go.

Boing boing boing.

---insert appropriate pogostick or rollercoaster GIF---

May as well enjoy the ride.

[noobtrader]

damn support at 380 nut to crack yet... why its so stubborn...

[Richy_T]

Anyone remember TERA?

https://pamm.btc-e.com/en/Pamm/TERA

Plz provide some exposition.

[JayJuanGee]

Next adoption cycle might bring in the goldbugs? Zerohedge has started talking Bitcoin.

Well, this precious metals trader (Amagi Metals) vowed to abandon the dollar for crypto in 2016:
https://www.reddit.com/r/Bitcoin/comments/2eqsl4/i_am_stephen_macaskill_ceo_of_amagi_metals/
[cynicism]Reminds me of the fable about the man who would teach a donkey to speak...[/cynicism]

  I don't get it

An old man keeps bragging in taverns that he can teach a donkey to speak.  The King hears about it, summons the man to the court and asks whether he said so.

-- Yes, Your Highness, I can teach a donkey to speak.
-- Well, then, you are hereby ordered to take a donkey from the royal stables and teach it to speak.  If you succeed, you will get a title and riches; if you fail, you will lose your head.  Understood?
-- Perfectly, Your Highness.  However the process is complicated, requires a special environment, expensive materials, and takes about five years.
-- No problem, you will have a spacious house, and all the money you need.  But, five years from now, you'd better bring me a talking donkey, or...
-- Thanks Your Highness, will do as you command.

When the man gets home and tells his wife what happened, she gets desperate.

-- Dear, what have you done! We both know that you cannot do it, it was idle talk, you will die!
-- Calm down, woman: before the five years are over, either the King is dead, or I am dead, or the donkey is dead...

Hahahahahahaha...   

Even though frequently i find you a little (or a lot) irritating many times because of your gratuitous comments and your biased comments, I really appreciate the donkey fable in this context to make whatever point that you were attempting to make.  Even if some of us may NOT agree with the conclusion that you are expecting, it is still a great and fitting fable that can fit a large variety of situations.... A lot can happen in five years, some of which is in your control and some of which is outside of your control, and sometimes a guy may be faced with a real bad situation, but there can be a way to milk the bad situation in order to achieve a better situation.. hahahahaha... great!!!

[JimboToronto]

damn support at 380 nut to crack yet... why its so stubborn...

damn resistance at 390 nut to crack yet... why its so stubborn...

 

boing boing boing

[noobtrader]

damn support at 380 nut to crack yet... why its so stubborn...

damn resistance at 390 nut to crack yet... why its so stubborn...

 

boing boing boing

agree with that too... shoot goto 420  already... shhhh im ready to sell

[xcapator]

damn support at 380 nut to crack yet... why its so stubborn...

damn resistance at 390 nut to crack yet... why its so stubborn...

 

boing boing boing

400 becoming the new bottom will be tough when everyone that bought at 380 wants to cash in before they think it drops back down to 380

[ShroomsKit]

Anyone remember TERA?

https://pamm.btc-e.com/en/Pamm/TERA

Plz provide some exposition.

What exactly are we looking at?

[ShroomsKit]

Look at the idiots go.

Boing boing boing.

---insert appropriate pogostick or rollercoaster GIF---

May as well enjoy the ride.

No. The ride sucks.

[noobtrader]

Look at the idiots go.

Boing boing boing.

---insert appropriate pogostick or rollercoaster GIF---

May as well enjoy the ride.

i enjoy the ride so much it makes me feel warm and cozy and im drooling all teh time.

wow 

[noobtrader]

price will be interesting in few hours, resist and support become one price have to breakout

[dropt]

Anyone remember TERA?

https://pamm.btc-e.com/en/Pamm/TERA

Plz provide some exposition.

What exactly are we looking at?

Idk what half the junk there means, but it looks like everyone's favorite shim TERA is riding some mad losses.

[JorgeStolfi]

Hahahahahahaha...    [...]  I really appreciate the donkey fable in this context to make whatever point that you were attempting to make. 

Thanks... I read that fable when I was a kid, it may be from La Fontaine...

[JimboToronto]

damn support at 380 nut to crack yet... why its so stubborn...

damn resistance at 390 nut to crack yet... why its so stubborn...

 

boing boing boing

400 becoming the new bottom will be tough when everyone that bought at 380 wants to cash in before they think it drops back down to 380

At least they're thinking of 380 as the new support. Just hours ago it seemed to be 350.

Last week the sentimental support line was supposed by many to be 330. The actual price dipped all the way to 342.

A month ago it was supposed to be 300. It turned out to be around 320.

A month before that it was expected by many to go below 250 but only briefly touched rock bottom at 275.

As long as the bottoms of the dips and the peaks of the rises keep going up as they have for the last 2 months, we're doing fine.

Holders get to see a long-term increase while the traders get some volatility to play with. An uphill pogostick trip is good for all.

Edit: except for maybe the Bitcoin haters and permabears, but screw them. 

[simmo77]

Anyone remember TERA?

https://pamm.btc-e.com/en/Pamm/TERA

Plz provide some exposition.

What exactly are we looking at?

Idk what half the junk there means, but it looks like everyone's favorite shim TERA is riding some mad losses.

Nov 12 - ouch!

[noobtrader]

damn support at 380 nut to crack yet... why its so stubborn...

damn resistance at 390 nut to crack yet... why its so stubborn...

 

boing boing boing

400 becoming the new bottom will be tough when everyone that bought at 380 wants to cash in before they think it drops back down to 380

At least they're thinking of 380 as the new support. Just hours ago it seemed to be 350.

Last week the sentimental support line was supposed by many to be 330. The actual price dipped all the way to 342.

A month ago it was supposed to be 300. It turned out to be around 320.

A month before that it was expected by many to go below 250 but only briefly touched rock bottom at 275.

As long as the bottoms of the dips and the peaks of the rises keep going up as they have for the last 2 months, we're doing fine.

Holders get to see a long-term increase while the traders get some volatility to play with. An uphill pogostick trip is good for all.

Edit: except for maybe the Bitcoin haters and permabears, but screw them. 

i still think that 350 still the fair price... but yes 380 seem become the new support

[ChartBuddy]

Explanation

[JimboToronto]

it looks like everyone's favorite shim TERA is riding some mad losses.

Wasn't that Tera's trademark... diligent TA while consistently getting it wrong and taking flak for it?

I could be wrong though. Not being a TA enthusiast, I didn't pay that close attention.