rpietila Wall Observer - the Quality TA Thread ;)

[MatTheCat]

I'm not down a single penny since December 2013, I'm up way more.

But unlike you, I haven't spent last 2 months talking utter nonsense and presenting it as facts here but made at least 300 BTC trading all kind of shit. For example I'm just closing my McxFees trade that will pocket me 190-200 BTC of pure profit in some 2 weeks.

As long as my BTC wallet is rising with such speed I couldn't give a less shit where Bitcoin will be in next few weeks  . And you just keep talking your theories, that will send you very far

It is because of cockroaches like you, that a part of me would love to see Bitcoin go down the pan. Perhaps it will one day and if it does, probably you will still be riding on it, perhaps with 3000 BTC by then, bragging about how many coins you have in your wallet all the way down and into the black hole. As every Pro Trader will tell you, there is a shit-load of dumb money in Bitcoin, because a shit-load of dummies got fkn rich for being nothing but fkn dummies. Now they think that being like a dummy, is being smart.

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[TERA]

wow I was completely wrong with my analysis of gox bottoming. I guess anything is possible with the right fundamentals.

[marvinrouge]

http://nypost.com/2014/02/15/welcome-to-21st-century-ponzi-scheme-bitcoin/

beautifully crafted piece of mainstream FUD.

I think this means we are closer to the bottom than the top, but perhaps still quite far from the bottom.

Wow! Masterpiece.
Piece of collection, to store for a bitcoin museum in few years.

[RicePicker]

Mat, y u jealous? 

You can do it too, you just have to stop being angry on whole world because you thought Bitcoin popped at 10$. 

For someone that has made so much money through bitcoins you spend a lot of time on the forums arguing against other people that you disagree with. Do you not have anything else better with you time other than criticize other peoples opinion because they are not similar to yours? Yes we know you have made a good amount of profit through bitcoin trading, but does it make your ego better rubbing it in other peoples faces?   

[rpietila]

What is being manipulated, is the media.

- Gox has not been telling about its problems anything, ever to its general userbase. Now it is starting to make sense.

- Media is telling, esp. in the days to come, that Bitcoin is crashing and is finished.

- Most of Gox customers (by number at least) still have no picture what is happening in there. Many don't even follow any price (or any other price than gox), and if they are tempted to sell before it goes to zero, gox is their only way to sell.

- They might think that "at least they get the USD out". Well, that they most surely don't do.

- I believe this explains why goxbux is trading at such a premium even though the professional market (goxbtc/btc) is only pricing gox failure at 10-15%.

If any one of you has friends that want to sell their goxBTC for goxUSD because "everything is over", let me buy them instead for realUSD. At least he gets the money, and easily more than the gox rate of 282.

[rpietila]

If any one of you has friends that want to sell their goxBTC for goxUSD because "everything is over", let me buy them instead for realUSD. At least he gets the money, and easily more than the gox rate of 282.

My question to you is are you going to continue to use Gox once you get your BTC back from them?

I am very curious how many of these hapless Gox traders will continue to use that exchange once Gox goes back to "normal."

Hell, no. Never again. I just buy the goxfiatusd/goxfiatbtc for something of universal value. Then sell them to the ppl who want to buy at 65-70% and make a cut. My edge is that I am doing fully legally compliant, 11-year old company, all currencies, all conversions, gold&silver OK, speak English. After all, I'm a supernode, and they have these kinds on things and know how to use them

[windjc]

If any one of you has friends that want to sell their goxBTC for goxUSD because "everything is over", let me buy them instead for realUSD. At least he gets the money, and easily more than the gox rate of 282.

My question to you is are you going to continue to use Gox once you get your BTC back from them?

I am very curious how many of these hapless Gox traders will continue to use that exchange once Gox goes back to "normal."

Hell, no. Never again. I just buy the goxfiatusd/goxfiatbtc for something of universal value. Then sell them to the ppl who want to buy at 65-70% and make a cut. My edge is that I am doing fully legally compliant, 11-year old company, all currencies, all conversions, gold&silver OK, speak English. After all, I'm a supernode, and they have these kinds on things and know how to use them

Well that's super Mr. Node, but you also have over $100k stuck on Gox at the moment and are a good case study for someone who has been around long enough to know better than to trust incompetence, but to have trusted it anyway - a trait shared by many Gox traders it seems. And I am curious as to the long term consequences to Gox - I know Gox will shrink even more in market share, but I am curious to what degree.

[dedcoin]

@rpietila: What's your take on the capitulation state, is it over? do you think we are going to see that $400?
The current situation with gox is a bit puzzling. $600 sounds really like a cool price, but when gox finally sorts out its shit the market response will be completely impredictable. price jumping up like with Stamp, or a big goxcoin dumping everywhere.
Actually, I think this will happen in two steps.

[rpietila]

super Mr. Node, but you also have over $100k stuck on Gox at the moment and are a good case study for someone who has been around long enough to know better than to trust incompetence, but to have trusted it anyway - a trait shared by many Gox traders it seems.

Yes, I am terribly naïve, I know that. But the same trait let me buy into bitcoin at the time when most people in the world, or even my friends, did not do it.

Still, blaming the victim is not only lowlife and disgusting, but also against legal tradition. The conman is punished, not the victim. How did you get it the other way round?  

The sum at Gox when I made it clear to them I wanted it all out (Jan 10) was over $1,000,000.

The realized losses after getting it out were over $150,000.

No, I don't have material value in Gox atm but situation may change.

[MatTheCat]

And do you think you were right with your analysis of Bitstamp et al having doubled bottomed at $540?

This is not my analysis.

It wasn't? (Shit, it really wasn't..lol)

Well, who the fuck was I arguing with in this here post:

https://bitcointalk.org/index.php?topic=400235.msg5168148#msg5168148

If it wasn't you, it must have been someone! I mean, I wouldn't just imagine that someone had disagreed with me and burst out into an incoherent tirade against them, would I? 

[T.Stuart]

And do you think you were right with your analysis of Bitstamp et al having doubled bottomed at $540?

This is not my analysis.

It wasn't? (Shit, it really wasn't..lol)

Well, who the fuck was I arguing with in this here post:

https://bitcointalk.org/index.php?topic=400235.msg5168148#msg5168148

If it wasn't you, it must have been someone! I mean, I wouldn't just imagine that someone had disagreed with me and burst out into an incoherent tirade against them, would I? 

Never! I find your tirades quite coherent - amusingly so in fact!

[podyx]

Some interesting discussion last pages 

Rptielia, i'm curious about your long term outlook?? still bullish?? still believe in the $300k target? If not, why not?

[rpietila]

I feel 500 falling 

[chessnut]

its like somebody stuck a stick into an ant colony on BTCe. very high hopes indeed can come from a $40 flash rise! 'to da mooon! $10,000 tomorrow!'

[MatTheCat]

its like somebody stuck a stick into an ant colony on BTCe. very high hopes indeed can come from a $40 flash rise! 'to da mooon! $10,000 tomorrow!'

I saw that and immediately thought Bitstamp arbitrage takers.......or stop loss farming.....bet there was a fucking shed load of Short trade stop losses got triggered there (I do believe that shorting is possible on BTC-e and Bitfinex routes orders through Bitstamp although it makes traders accept the Bitfinex order book prices). Right about now, there must be a shedload of short sellers cos it such an obvious trade to make......or so they might have thought. Most of them will be realising losses on the most obvious short sell opportunity ever and having to re-establish their short trades, if they don't have too bad a taste in their mouths that is.

If you are gonna short sell routing your orders through either of those corrupt/crooked/hacked shark bot ridden exchanges, you need to just forget setting stop loss order altogether.

[EuroTrash]

I feel 500 falling 

I think if the capitulation happens at all then it will take a couple more weeks to unravel.
Volumes are going down and yet price swings happen on low volume. So liquidity is being removed from the markets.
I suppose that both bulls and bears are exhausted and are taking their fiat and coins away from the exchange.
Hence we are entering the boredom phase of the bubble. We need new meat into the market.

I think that the only thing that would cause another pulse (both ways) by now would be Gox news.

[rpietila]

I think you are right. I also think that we will see 500 in the last exchange where we haven't yet seen it. End of March suits me very well.

All we need anymore is the proof that 800 will not be seen again. There will be a great plenty of people who decide to sell a little bit.

Guess what? After loading myself absolutely full with bitcoins between 3 and 100, I also felt the urge to sell when it dropped through all supports last summer. Selling at 90 is not the best decision I made, but it gives me the confidence that there will always be investors going through the same stage

[EuroTrash]

I think you are right. I also think that we will see 500 in the last exchange where we haven't yet seen it. End of March suits me very well.

Can't help but noticing you haven't mentioned 400 this time?

Guess what? After loading myself absolutely full with bitcoins between 3 and 100, I also felt the urge to sell when it dropped through all supports last summer. Selling at 90 is not the best decision I made, but it gives me the confidence that there will always be investors going through the same stage

Been there. Sold at 90 and bought back at 115, sold at 106 and bought back at 129 then I got pissed at the whole thing. I also had escaped from btc-24 collapse just on time (but at a premium) and I had invested on Ripple just at their top. I wasn't sleeping for days. I ended up being unhealthy and had a nerve breakdown.

I'm still experiencing strong emotions because of the high stakes but I have grown more accustomed to them.

[Cablez]

I think you are right. I also think that we will see 500 in the last exchange where we haven't yet seen it. End of March suits me very well.

Can't help but noticing you haven't mentioned 400 this time?

I picked up on that as well.       Curiouser and curiouser...

[smoothie]

I think you are right. I also think that we will see 500 in the last exchange where we haven't yet seen it. End of March suits me very well.

Can't help but noticing you haven't mentioned 400 this time?

I picked up on that as well.       Curiouser and curiouser...

Price targets change over time.