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

[NotLambchop]

Nice performance there Lamby

https://www.youtube.com/watch?v=as8GLbVx5CA

grampa #2, you have me on ignore. Forgot again?
Isn't there some steeply discounted genuine cubic zirconia bolo ties you are missing out on?
Or did your cable get cut because you blew all your money on BTCeanie BTCabies Bitcoin?

[Newbie1022]

Switching position to long (for a very short period of time) on pre-announcement delusions. Really should have trusted my instincts about pre-announcement delusions and insane attempts to extrapolate from meaningless statistics provided by Barry Silbert as to what was actually bid (note: Silbert's group underbid the market by about $200 last time). Oh well, if you can't beat the crazy, might as well join it for a while.

[hdbuck]

http://www.coindesk.com/us-marshals-bidder-turnout-second-bitcoin-auction-declines-sharply/

Do you think that this will have an impact on the Bitcoin price?

STFU

[NotLambchop]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

[Newbie1022]

I seriously think we are going to jump up 20 to 30 right before somebody announces they are the winner before either swinging up more if dopey Draper wins or collapsing to the ground in a panic that induces margin calls if the coins are split between several bidders. Time for some wild volatility swings!!

[Newbie1022]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

Thanks for the thought... I had the same one... but the delusions are in full force on, here, and the longs on BFX are approaching bubble territory again (nearly $25 million). Then again, I am playing the greater fool game on the greater fool game, aren't I?

Anyhow, I have some narrow double shorts in place (not only to close but to switch) so I should be able to ride a spike a heavy downdraft... if it swings in both directions very quickly I'm screwed... but if the volatility runs in one direction for at least a 20 to 30 minute window I should be able to capture some volatility based gains.

I just don't feel like fighting the tide. Even though I know the tide is misguided.

[Tzupy]

A bearish analysis similar to mine on tradingview:
https://www.tradingview.com/v/BuUgWFHb/

[hdbuck]

A bearish analysis similar to mine on tradingview:
https://www.tradingview.com/v/BuUgWFHb/

If its bearish, its not an analysis.

[ChartBuddy]

Explanation

[LFC_Bitcoin]

A bearish analysis similar to mine on tradingview:
https://www.tradingview.com/v/BuUgWFHb/

If its bearish, its not an analysis.

Not that he's got a 'bearish' agenda (avatar & sig).

[NotLambchop]

Dood, seriously, don't quote the troll. He can't even understand basic Ingliz!!!

Actually, English language skills aren't her weak suit. Logic is.

I agree though that people should just stop quoting this dingbat.

Things seem much less confused around here since I finally put her on ignore. We don't need to be reminded with quotations of her scatterbrained ineptitude.

Note date:

This old chestnut again?

I'll say the same as I did 6 months ago or a month ago.

We'll probably reach our old ATH by mid summer, and hit anywhere from $7000 to $12,000 before crashing down to $2000-$2500, possibly before year's end.

We should be above $10,000 for good by this time next year.

Unless something comes along to break Bitcoin before then.

Take the right meds, or it's back to The Home for you, grampa #1

[NotLambchop]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

Thanks for the thought... I had the same one... but the delusions are in full force on, here, and the longs on BFX are approaching bubble territory again (nearly $25 million). Then again, I am playing the greater fool game on the greater fool game, aren't I?

Anyhow, I have some narrow double shorts in place (not only to close but to switch) so I should be able to ride a spike a heavy downdraft... if it swings in both directions very quickly I'm screwed... but if the volatility runs in one direction for at least a 20 to 30 minute window I should be able to capture some volatility based gains.

I just don't feel like fighting the tide. Even though I know the tide is misguided.

Good luck, just hope you're not judging the sentiment by posts in this forum.  Most of the "to da moon!" folks have spent their munyz a long time ago, because permabulls. They have nothing to buy with--they never sell.  Now they're just cheering on their bags holdings.

[LFC_Bitcoin]

Strange that the impending auction results have done literally nothing meaningful to the price.

[hdbuck]

Strange that the impending auction results have done literally nothing meaningful to the price.

What auction?

[madmat]

Strange that the impending auction results have done literally nothing meaningful to the price.

What auction?

What results ?

[noobtrader]

Strange that the impending auction results have done literally nothing meaningful to the price.

ppl still wait and see,  but this is ok reaction. even bear are getting afraid to dump this time.  

[Newbie1022]

.@Newbie1022:  Careful you don't turn into a pig, bouncing between bear and bull like that

Thanks for the thought... I had the same one... but the delusions are in full force on, here, and the longs on BFX are approaching bubble territory again (nearly $25 million). Then again, I am playing the greater fool game on the greater fool game, aren't I?

Anyhow, I have some narrow double shorts in place (not only to close but to switch) so I should be able to ride a spike a heavy downdraft... if it swings in both directions very quickly I'm screwed... but if the volatility runs in one direction for at least a 20 to 30 minute window I should be able to capture some volatility based gains.

I just don't feel like fighting the tide. Even though I know the tide is misguided.

Good luck, just hope you're not judging the sentiment by posts in this forum.  Most of the "to da moon!" folks have spent their munyz a long time ago, because permabulls. They have nothing to buy with--they never sell.  Now they're just cheering on their bags holdings.

True point. Very true point. There are stats, though. Longs are up. Shorts a bit, too... longs by more. Worst case scenario (because I have stops in place), I can't eat out this weekend. Some of these guys have their life savings just hodling away, though.

[NotLambchop]

... even bear are getting afraid to dump this time.  

Unlike the bulls, who thoughtlessly rush into everything, the bear is a patient, cerebral animal.  We strategize, waiting for just the right moment to void our bowels on unfortunate bulls below

[LewiesMan]

Strange that the impending auction results have done literally nothing meaningful to the price.

What auction?

What results ?

Sucks, we won't know anything about the auction results.

[FUR11]

Phew, I gotta say the walls on Stamp are pretty strong, at least given the current volume across the exchanges. I wonder how this plays out. At least it's a Friday without serious dumps (at least up to now). Let's see how the USMS auction affects things from now on...