rpietila Wall Observer - the Quality TA Thread ;)

[vokain]

Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.

Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.

The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general.

'A burden removed indeed'

Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based.

what are you, in portugal?

[windjc]

Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.

Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.

The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general.

'A burden removed indeed'

Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based.

what are you, in portugal?

Perception is reality. Still druggies like yourself Mat gave bitcoin a bad name. Now we have to tolerate you while the rest of the population thinks you all got arrested.

[Dragonkiller]

Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.

Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.

The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general.

'A burden removed indeed'

Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based.

what are you, in portugal?

Perception is reality. Still druggies like yourself Mat gave bitcoin a bad name. Now we have to tolerate you while the rest of the population thinks you all got arrested.

I seriously think a lot of his concerns regarding 'whale rats' manipulating the price and other posts are drug related paranoia. Go easy on the drugs, buddy.

[windjc]

Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.

Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.

The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general.

'A burden removed indeed'

Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based.

what are you, in portugal?

Perception is reality. Still druggies like yourself Mat gave bitcoin a bad name. Now we have to tolerate you while the rest of the population thinks you all got arrested.

I seriously think a lot of his concerns regarding 'whale rats' manipulating the price and other posts are drug related paranoia. Go easy on the drugs, buddy.

True. It's very obvious.

[vokain]

shots fired 

[sgbett]

Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.

Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.

The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general.

'A burden removed indeed'

Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based.

what are you, in portugal?

Perception is reality. Still druggies like yourself Mat gave bitcoin a bad name. Now we have to tolerate you while the rest of the population thinks you all got arrested.

I seriously think a lot of his concerns regarding 'whale rats' manipulating the price and other posts are drug related paranoia. Go easy on the drugs, buddy.

Hilarious. You might very well say my flippant and irreverent posting style is drug related, man. The 'manipulator' meme has been well done. I don't recall anyone ever claiming " ooh it's the drugs" before. You know why, because it would have been stupid and naive. Just like you and windjc are being now.

[sgbett]

Hey everybody I'm a libertarian anarchist crypto currency supporter! Bitcoin supports my libertarian ideals i am all about freedom and sticking it to the man.

Oh hey, you can't do that though, because it's illegal. The man said so.

[windjc]

Mtgox isn't/wasn't going to die without something outlandish and major happening. And maybe this is it. I almost feel like Mtgox needs to default at least a little, to really bury the hatchet. I don't want people to lose their money and I don't want Bitcoin's reputation to suffer. But whatever it takes to remove this amatuer and disfunctional company from our existence - its really worth it. Just like silk road was a burden removed, I believe the removal of Mtgox is likewise a burden that when removed will help us all.

Silk Road is alive and well and more booming than ever. I have just recently received 5g of top quality MDMA from a reputable vendor on the site.

The Ross Ulbricht bust was massive advertisement for Silk Road and darknet cryptocurrency black market websites in general.

'A burden removed indeed'

Money laundering and black market has been the early lifeblood of Bitcoin whether you like it or not. It has been the spine upon which the rampant speculation was all based.

what are you, in portugal?

Perception is reality. Still druggies like yourself Mat gave bitcoin a bad name. Now we have to tolerate you while the rest of the population thinks you all got arrested.

I seriously think a lot of his concerns regarding 'whale rats' manipulating the price and other posts are drug related paranoia. Go easy on the drugs, buddy.

Hilarious. You might very well say my flippant and irreverent posting style is drug related, man. The 'manipulator' meme has been well done. I don't recall anyone ever claiming " ooh it's the drugs" before. You know why, because it would have been stupid and naive. Just like you and windjc are being now.

"Oh, its the drugs" is at least as credible an assertion than "oh, its manilpulation."  At least with the former accusation we have first hand experience dealing with fuc*ing crazy idiots on this forum, some who have obvious emotional issues. "Manipulators" on the other hand are always "these people that control things." There more like the monster in the closet. More speculative, shall we say?

In actuality, I don't care if you do drugs or buy drugs or sell drugs. Certain drugs are pretty fuc*ing distructive, but I'm not going to tell you that you can't destroy yourself. Mat flew off the fuc*ing handle just now because what we said about him was absolutely true. But maybe it was a bit harsh, as we all have things we have to deal with in life that are challenges.

But I did get something pretty cool out the exchange. Mat ignored me. He's been on my ignore for months but he is always responding to my posts, which others quote and them I'm forced to read. No more, I hope. No more.

[MatTheCat]

"Oh, its the drugs" is at least as credible an assertion than "oh, its manilpulation."  At least with the former accusation we have first hand experience dealing with fuc*ing crazy idiots on this forum, some who have obvious emotional issues. "Manipulators" on the other hand are always "these people that control things." There more like the monster in the closet. More speculative, shall we say?

If manipulation or conspiracy doesn't exist in the world, then the current petrodollar global monetary system must therefore be honest and entirely above board. Only a drug addled idiot could possibly believe that there was anything untoward going on there.

[windjc]

"Oh, its the drugs" is at least as credible an assertion than "oh, its manilpulation."  At least with the former accusation we have first hand experience dealing with fuc*ing crazy idiots on this forum, some who have obvious emotional issues. "Manipulators" on the other hand are always "these people that control things." There more like the monster in the closet. More speculative, shall we say?

If manipulation or conspiracy doesn't exist in the world, then the current petrodollar global monetary system must therefore be honest and entirely above board. Only a drug addled idiot could possibly believe that there was anything untoward going on there.

Dude. Obviously we are talking about these mysterious market "manipulators" that you are always bitching and screaming about that cheated you out of a fraction of a bitcoin on your last emotionally charged trade.

[MatTheCat]

Dude. Obviously we are talking about these mysterious market "manipulators" that you are always bitching and screaming about that cheated you out of a fraction of a bitcoin on your last emotionally charged trade.

Hmm. So wealthy powerful sharks highly interested in the pursuit of yet more wealth and yet more power operate in the conventional world of finance but not in Bitcoin...hrmmm interesting.

As much as you may think you hate the money powers behind the reigns of the petrodollar system, only if the rumours of the Rothchild's wealth are true, is the petrodollar system as thoroughly nailed and cornered beyond all reproach, as the Bitcoin system currently is. We have this entity called 'Satoshi' who is well known to possess 12% of all Bitcoin in existence. Over 1 million fkn coins! Satoshi could be the NSA for all we know. Stranger more convoluted things would have happened in world history.

If I believed that i was big enough to boss these markets around in a way that suited my goals, then i know for sure i would do it and i would succeed with it until bigger boys had some different ideas in their heads and made market moves that tipped the scales beyond my control, at which point, i may or may not make efforts to regain control. Seeing this doesn't require a 12 hour paranoid filled LSD trip or even much imagination....it just kind of like the way that markets work, especially highly cornered and ultra volatile markets like Bitcoin.

[windjc]

Dude. Obviously we are talking about these mysterious market "manipulators" that you are always bitching and screaming about that cheated you out of a fraction of a bitcoin on your last emotionally charged trade.

Hmm. So wealthy powerful sharks highly interested in the pursuit of yet more wealth and yet more power operate in the conventional world of finance but not in Bitcoin...hrmmm interesting.

As much as you may think you hate the money powers behind the reigns of the petrodollar system, only if the rumours of the Rothchild's wealth are true, is the petrodollar system as thoroughly nailed and cornered beyond all reproach, as the Bitcoin system currently is. We have this entity called 'Satoshi' who is well known to possess 12% of all Bitcoin in existence. Over 1 million fkn coins! Satoshi could be the NSA for all we know. Stranger more convoluted things would have happened in world history.

If I believed that i was big enough to boss these markets around in a way that suited my goals, then i know for sure i would do it and i would succeed with it until bigger boys had some different ideas in their heads and made market moves that tipped the scales beyond my control, at which point, i may or may not make efforts to regain control. Seeing this doesn't require a 12 hour paranoid filled LSD trip or even much imagination....it just kind of like the way that markets work, especially highly cornered and ultra volatile markets like Bitcoin.

This is your brain on drugs.

[TERA]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

[chessnut]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

Personally I think it is 50/50.
the selling is getting heated up on BTCe,
the force has stopped driving the bull market for now,
whales that bought at 550 will take a bite of profit. I think we will stay below 730-40 tonight and therefore I think the bulls will stand back and edge their orders a bit lower. We will see soon if this is a bull trap. on a larger scale, it smells of one. on a shorter time scale however, that was a very impressive bull run.

[rpietila]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

Based on the trendline analysis, yes. We have many long, agonizing weeks to go until it gets to be improbable according to the trendline. It is normal to have rallies based on false hopes, it is part of the capitulation process.

I think we saw the first signs of capitulation though, people losing faith in Bitcoin and quitting.

When it finally hits $400, you do not want to buy. You fear for it going to $200 and you losing 50% overnight. Then it is the time to buy

[chessnut]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

When it finally hits $400, you do not want to buy. You fear for it going to $200 and you losing 50% overnight. Then it is the time to buy

very cunning theory!
I also imagine there will be a factor of greed in play after the spike. who would set a buy order at 400 when you can set it at 350? and why not 300? heck, lets try 250.

[TERA]

Wow look at the orderbook on stamp and the massive buys yesterday. Still expecting it to trend into $400?

Based on the trendline analysis, yes. We have many long, agonizing weeks to go until it gets to be improbable according to the trendline. It is normal to have rallies based on false hopes, it is part of the capitulation process.

I think we saw the first signs of capitulation though, people losing faith in Bitcoin and quitting.

When it finally hits $400, you do not want to buy. You fear for it going to $200 and you losing 50% overnight. Then it is the time to buy

It looks like more than just a rally. It's a huge fking bidwall, 8 million new dollars on the books, in front of the bottom, overnight. It just rose from a total of 15.5M to 16.5M as I was typing this, almost to ATH. Now the book looks completely warped into the bulls favor. How are you going to get through that? It's going to take an immense pressure, and that huge bid could be could be regenerating the whole time.

I felt fear yesterday. It wasn't fear about the price trend though. It was fear about a software bug and about exchanges running with my fiat. Is this something your service could help with?

[isov]

How about maybe Mark in the house of Gox isn't so idiotic after all? Might also been just a good plan of how to make Bitcoin look stronger and possibly spark a new rally. He runs an exchange (some sort) so he probably has an idea of how much money there is just sitting in exchanges in no bid walls or anything. So he releases news like that where he knows that it's not going to take more than 15minutes before some people explain what it is about and that it is not anything new or reason to go panic mode? But also by making up a flashcrash like that he maybe scares those sideline money people to put in bids and that's what we are seeing now?

[chessnut]

How about maybe Mark in the house of Gox isn't so idiotic after all? Might also been just a good plan of how to make Bitcoin look stronger and possibly spark a new rally. He runs an exchange (some sort) so he probably has an idea of how much money there is just sitting in exchanges in no bid walls or anything. So he releases news like that where he knows that it's not going to take more than 15minutes before some people explain what it is about and that it is not anything new or reason to go panic mode? But also by making up a flashcrash like that he maybe scares those sideline money people to put in bids and that's what we are seeing now?

Yeah, at best, large bid walls only give a small edge.
aint nobody wanna drive the market, let somebody else do it.

[rpietila]

It looks like more than just a rally. It's a huge fking bidwall, 8 million new dollars on the books, in front of the bottom, overnight. It just rose from a total of 15.5M to 16.5M as I was typing this, almost to ATH. Now the book looks completely warped into the bulls favor. How are you going to get through that? It's going to take an immense pressure, and that huge bid could be could be regenerating the whole time.

Bullshit, all bullshit. Big players want out. So they fake the market with the very USD that they received yesterday from the first wave of selling. How many times this has to happen before you realize? Ask Loaded for details, which he unfortunately cannot give you