Gold collapsing. Bitcoin UP.

[cypherdoc]

There's also an excellent chance that if the little bulls can take out the little asks up to the edge of the large wall, the blocker may just pull the wall out of fear. Remember, these are blocking walls, not true sellers,imo.

[cypherdoc]

still just a series of higher lows.  plus, we know how to deal with the blocking walls:

[blaaaaacksuit]

Did that wall get eaten in one buy?

[NewLiberty]

Did that wall get eaten in one buy?

Look to the volume...

[cypherdoc]

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

[blaaaaacksuit]

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again 

[cypherdoc]

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

[User705]

bitcoin currently is likely as always a binary proposition.  It's either a 5 year plan or a 5 minute plan.  Halving isn't being priced in because the landscape will be very different by that time.

[blaaaaacksuit]

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

Yea I agree.  Traders are most definitely more concerned with if bitcoin will even be around two years from now.  Factoring in a block reward halving two years from now seems asinine.

[cypherdoc]

Here's another great hint as to what has been happening.

In this podcast,  Lazlo Birinyi  describes his Money Flow Model where he measures the degree to which the ask side is hit in Time & Sales. I find this podcast timely as I have been noticing just this strategy being executed in tandem with these big blocking walls.

If you watch carefully, just about all the big trades involving 25-100 BTC or so are green; meaning they're being hit on the ask side of the spread. This means there is  more interested significant  buying going on than selling.  Someone is using these walls to keep price suppressed, get small panic sellers to jump in front, all the while they're buying in big chunks.

http://www.bloomberg.com/podcasts/masters-in-business/

Did he get enough before losing over 3000 btc in a single buy?  Seems like he's going to have to accumulate all over again  

The other interesting point Birinyi made was that he doesn't think the stock market prices in anything beyond 3-6 months. With all this crap coming from the bears about the reward halving already being priced in 2 years in advance, as opposed to my own observations about what happened in 2012, I thought this was interesting.

Yea I agree.  Traders are most definitely more concerned with if bitcoin will even be around two years from now.  Factoring in a block reward halving two years from now seems asinine.

it's just a ploy on their part to try and convince all the weak hands that we will never see new highs and that Bitcoin is finished.  don't be fooled.

[Odalv]

cypherdoc, I have tried to run bitcoin-qt on
 http://www.amazon.com/ADATA-Premier-128GB-Memory-ASDX128GUI1CL10-R/dp/B00DVXTOBO  :-)

- it took 26 mins to copy blockchain
- 6 mins to verify blocks (3-6x longer than when using SSD)

[cypherdoc]

cypherdoc, I have tried to run bitcoin-qt on
 http://www.amazon.com/ADATA-Premier-128GB-Memory-ASDX128GUI1CL10-R/dp/B00DVXTOBO  :-)

- it took 26 mins to copy blockchain
- 6 mins to verify blocks (3-6x longer than when using SSD)

so you copied the blockchain from one of your existing pc's?

how long would it take to download blockchain from network?

[Odalv]

>so you copied the blockchain from one of your existing pc's?
yes

>how long would it take to download blockchain from network?
hours(days/minutes) ? .. I do not know .. It depends on connection speed. Theory says I'm able to write on my SSD 400 MB/s what is 65 sec (for 26 GB).

Edit:
Manufacturer says I can write 45 MB/s to SD, but reality is only 20 MB/s. .. My laptop is 3 years old.

[Zarathustra]

Halving date sooner than estimated.

http://bitcoinclock.com/

The clock is limping behind the time. One year ago, it showed end of october 2016.

[cypherdoc]

Moving up

[cypherdoc]

This picture, along with the majority of volume being Chinese, tells you China is not over :

[cypherdoc]

Thank you to the whale (short coverer?) who simply smashed that 3000 btc wall down the other night. Also thanks to the little bulls who helped take out all the little sellers who were panic front running the blocking wall.

[cypherdoc]

nice gap down.  i'm sure they'll have this corrected by morning:

[cypherdoc]

the PPT better get crackin':



oops, wrong asset.

[cypherdoc]

uh oh, back under: