rpietila Wall Observer - the Quality TA Thread ;)

[elebit]

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

Big moves from cold storage should be visible on the Days Destroyed chart, which is now ruler flat.

So it isn't that. (Unless by it was put in cold storage last week in which case it's not really interesting.)

Historically a surge in transactions has gone hand in hand with slow price increases. However I'm not really seeing that, unless this dip turns out to be very temporary. So perhaps this is a historical anomaly of sorts, or a sign of some new service getting popular.

[1714504320]

1714504320

[aminorex]

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

The only thing you have made obvious with this post is that you are posting to deceive naiive readers, to shake weak hands.

[Bagatell]

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

The only thing you have made obvious with this post is that you are posting to deceive naiive readers, to shake weak hands.

Never ascribe to malice that which is adequately explained by incompetence.

[wachtwoord]

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

The only thing you have made obvious with this post is that you are posting to deceive naiive readers, to shake weak hands.

Weak hands will be shaken sooner or later anyway. This has no effect at all.

[giveBTCpls]

Transactions excluding popular addresses 7 day average is surging now, around 20% growth in past 4 weeks:

https://blockchain.info/charts/n-transactions-excluding-popular?showDataPoints=false&timespan=2year&show_header=true&daysAverageString=7&scale=0&address=

Looks like it is at the highest level now since December. Perhaps a similar setup to August 2013 when it also started to break out upwards and regain levels last seen in the April 2013 growth phase. Well, we'll see if it continues upwards into the end of the year...

I'm looking more at this chart right now then the actual price. Anyone know why we had this sudden increase? Anything to do with the Ethereum IPO?

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

So the Ethereum IPO... it was just all a big joke? Are you implying or just plain claiming Vitalik and friends cashed out big time? How in the fuck? Are you saying this is the biggest scam in the history of cryptos? Wow, give me a break, what was it, like 3000+ BTC? fuck it.

[aminorex]

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

The only thing you have made obvious with this post is that you are posting to deceive naiive readers, to shake weak hands.

Weak hands will be shaken sooner or later anyway. This has no effect at all.

It certainly has an impact on the credibility of kireinaha. It identifies him by category, and implies that the behaviours characteristic of that category are likely to proceed from that account.

[criptix]

Because people are moving their coins from cold storage to exchanges in order to sell. shouldn't that be obvious?

The only thing you have made obvious with this post is that you are posting to deceive naiive readers, to shake weak hands.

Weak hands will be shaken sooner or later anyway. This has no effect at all.

It certainly has an impact on the credibility of kireinaha. It identifies him by category, and implies that the behaviours characteristic of that category are likely to proceed from that account.

kireinaha = fallling  

btw. i believe we saw the bottom.
i hope everyone loaded up on some new coins

[phatsphere]

So the Ethereum IPO... it was just all a big joke? Are you implying or just plain claiming Vitalik and friends cashed out big time?

Well, I don't know any details, but why should they hold Bitcoin? Their POV is, that Ethereum is much better and BTC is doomed. It's only logical that they sell Bitcoins to get their reward and be able to pay developers, marketing people and all the other stakeholders. I have no idea what's going on in their swiss HQ -- would be interesting to know, though.

[Roccker]

Number of bitcoin adresses is 167 000 right now, only 5000 less then All-time-high in end of march 2014.
I don't know what this means, i am a noob - but i guess it's a hint of good fundamentals (?).

https://blockchain.info/charts/n-unique-addresses?timespan=1year&showDataPoints=false&daysAverageString=7&show_header=true&scale=1&address=

https://www.dropbox.com/s/2c2hr1rc5jtvnoc/number%20of%20bitcoin%20adresses.png

[ShroomsKit_Disgrace]

I am calling it quits.

[Jungian]

I am calling it quits.

You are quitting what? BTC?

[bigtimespaghetti]

I am calling it quits.

You are quitting what? BTC?

My guess is that the weak price action means he is tapping out.

Drooling over the chance to go sub 470.. Not too much though!

[holomen]

I do not understand what's going on in the market last week. What kind of bad news have I missed?

Either I'm stupid not to see a bold reason to sell BTC or someone is manipulating market wisely.

as per gbianchi report: https://bitcointalk.org/index.php?topic=441336.160 strong hands are accumulating.

When those weak hands will be diminished and we'll move on?

I have a feeling that we'll need at least few months to return to previous ~600 levels. not talking about reaching 800..

[devphp]

The bottom will be at $400 in September, then stabilization for a couple of months and then starting from November a rise over 12 months to reach the previous ATH ($1000-1200) by the end of 2015.

It doesn't need any bad news to go to $400, Bitcoin is inflationary with 3600 new Bitcoins added to the total supply every day from miners. Large demand obviously is not there yet, adoption by population is not happening as fast as anticipated. But at $400 there should be enough support to stop the decline and reverse the trend. Of course it can't happen overnight, will take months to develop.

[wachtwoord]

The bottom will be at $400 in September, then stabilization for a couple of months and then starting from November a rise over 12 months to reach the previous ATH ($1000-1200) by the end of 2015.

That would be the slowest rise ever and is highly unlikely I believe. When it get's close to the ATH it will go really fast as always and dramatically overshoot.

[devphp]

That would be the slowest rise ever and is highly unlikely I believe. When it get's close to the ATH it will go really fast as always and dramatically overshoot.

$400->$1000 in 12 months, I wouldn't call it slow, any investor would be happy to have that kind of return. As for going fast when it gets to ATH, not sure about that, it will depend on a lot of factors.

[Newbie1022]

That would be the slowest rise ever and is highly unlikely I believe. When it get's close to the ATH it will go really fast as always and dramatically overshoot.

$400->$1000 in 12 months, I wouldn't call it slow, any investor would be happy to have that kind of return. As for going fast when it gets to ATH, not sure about that, it will depend on a lot of factors.

I figure $800 to $850 by December. Which, compare to now, is almost double. That's a hell of a return if you can keep things in perspective. That said, the $10k talks are a bit loopy in my opinion.

[devphp]

I figure $800 to $850 by December.

Which year?

Seriously, this is not likely in 2014. I think the era of bubbles is over, it will be more gradual now, which means it can't happen so fast if the rise only starts around November.

$400-450 will be a good entry point at any rate.

[rpietila]

The bottom will be at $400 in September, then stabilization for a couple of months and then starting from November a rise over 12 months to reach the previous ATH ($1000-1200) by the end of 2015.

That would be the slowest rise ever and is highly unlikely I believe. When it get's close to the ATH it will go really fast as always and dramatically overshoot.

I cannot see what would delay the adoption a full year. So there is no chance that the price would not rise significantly before the end of 2015

[wachtwoord]

That would be the slowest rise ever and is highly unlikely I believe. When it get's close to the ATH it will go really fast as always and dramatically overshoot.

$400->$1000 in 12 months, I wouldn't call it slow, any investor would be happy to have that kind of return. As for going fast when it gets to ATH, not sure about that, it will depend on a lot of factors.

It would be really really slow. Also ATH is >$1100, that the market it currently only offering $475 is funny and should be interpreted as the market being closed for selling for a while (for yourself).