the panic sellers that didn´t want to slide down in agony with their live savings a second time around after nov.2013 are now getting the FOMO. some of them may have left btc for good, but most of them were just scared. they will jump back the closer it gets to their prior sell level.
because for a bitcoiner it is painful to see a 30% drop in price. but it is much more pain to even lose some btc when it rises again , and they haven´t bought back in.
so expect more of those 5% upward jumps. fuck yeah.
edit: $870/Y6000 will be resistance for a while, tough.
edit2: it was resistance for about 3 minutes, lol
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 17860. (Read 26609806 times)
January 17, 2017, 02:33:28 AM
January 17, 2017, 02:28:53 AM
Wow it's going up fast what's going on?
People are buying Actually they are, that's how the people buy in the first place.....
For price to move up, there has to be more buyers at the current price than sellers.
January 17, 2017, 02:24:35 AM
Wow it's going up fast what's going on?
People are buying Actually they are, that's how the people buy in the first place.....
every time.
January 17, 2017, 02:23:30 AM
Wow it's going up fast what's going on?
People are buying Actually they are, that's how the people buy in the first place.....
January 17, 2017, 02:22:44 AM
Wow it's going up fast what's going on?
People are buying January 17, 2017, 02:21:57 AM
January 17, 2017, 02:17:23 AM
Wow it's going up fast what's going on?
January 17, 2017, 02:00:57 AM
anyone got any LEGIT TA for us?
For Bitcoin? No.
The technical analysts just say that if the price falls, it will fall a lot more. If it rises, it will rise a lot more.
In stocks and shares there are traditional ideas that fit to established TA, but in Crypto we just draw straight lines on a log scale and say that the price will be something unrealistic in the near future.
I am not much of a subscriber to TA, either, yet sometimes there can be some good contributions through TA.
On the other hand, I do agree with your assertion that bitcoin has a tendency to overshoot.
I don't necessarily think that you can use the same analyses with other cryptos as you do with bitcoin because a lot of other cryptos are either smaller market cap or more centralized than bitcoin..
And this thread is about bitcoin, anyhow, and who really gives a ratt's ass about the other cryptos, except maybe to the extent that there may be some direct relationship with bitcoin?
January 17, 2017, 01:52:29 AM
anyone got any LEGIT TA for us?
For Bitcoin? No.
The technical analysts just say that if the price falls, it will fall a lot more. If it rises, it will rise a lot more.
In stocks and shares there are traditional ideas that fit to established TA, but in Crypto we just draw straight lines on a log scale and say that the price will be something unrealistic in the near future.
lol
nailed it!
January 17, 2017, 01:21:47 AM
January 17, 2017, 01:20:57 AM
anyone got any LEGIT TA for us?
For Bitcoin? No.
The technical analysts just say that if the price falls, it will fall a lot more. If it rises, it will rise a lot more.
In stocks and shares there are traditional ideas that fit to established TA, but in Crypto we just draw straight lines on a log scale and say that the price will be something unrealistic in the near future.
January 17, 2017, 12:54:36 AM
Refuelled and ready for launch!!
January 17, 2017, 12:47:27 AM
Come on 900! You can do it!
January 17, 2017, 12:15:18 AM
charge you the same fees while having a cheaper financial network
your 1 USD would = something like 0.00001 of a utility settlement coin
https://www.ubs.com/microsites/blockchain-report/en/home.html
you can find the whitepaper on this page
Yeah I've read that whitepaper, it's all full of overblown hype.
And charge who the same fees? Certainly not me, I don't do bank transfers or settlements. They must mean between each major bank and trusted entity.
And that's just it, isn't it? Major world currencies are already all digital, just numerals in a database. So the banks and their partners already have the infrastructure in place today to facilitate efficient settlements between different currencies and assets. So I don't see how a "utility settlement coin" is really going to improve anything in that regard.
January 16, 2017, 11:59:10 PM
PRICE DOWN PICK UP: https://www.youtube.com/watch?v=lEBP9dpVM70
WITHOUT CANDLES WITH A MESSAGE AND:
WITH CANDLES WITH A MESSAGE:
EDIT: THIS video explains where the real currency war is. Thank You Andreas !!!!
THIS VIDEO EXPLAINS WHERE THE REAL CURRENCY WAR IS LOCATED:
https://www.youtube.com/watch?v=6ZCVQHtD2l4
WITHOUT CANDLES WITH A MESSAGE AND:
WITH CANDLES WITH A MESSAGE:
EDIT: THIS video explains where the real currency war is. Thank You Andreas !!!!
THIS VIDEO EXPLAINS WHERE THE REAL CURRENCY WAR IS LOCATED:
https://www.youtube.com/watch?v=6ZCVQHtD2l4
January 16, 2017, 11:58:35 PM
don't worry bears, there's no WAY there isn't going to be another annoying dump.
900 was assassinated less than a week ago.
so it seems fitting to stay well below it for a while.
which we won't do.
but when we go above it, we'll get smacked back i imagine.
anyone got any LEGIT TA for us?
900 was assassinated less than a week ago.
so it seems fitting to stay well below it for a while.
which we won't do.
but when we go above it, we'll get smacked back i imagine.
anyone got any LEGIT TA for us?
Top at ~$990, then, Chinese New Year.
10
January 16, 2017, 11:49:08 PM
don't worry bears, there's no WAY there isn't going to be another annoying dump.
900 was assassinated less than a week ago.
so it seems fitting to stay well below it for a while.
which we won't do.
but when we go above it, we'll get smacked back i imagine.
anyone got any LEGIT TA for us?
900 was assassinated less than a week ago.
so it seems fitting to stay well below it for a while.
which we won't do.
but when we go above it, we'll get smacked back i imagine.
anyone got any LEGIT TA for us?
Down (hourly), then up (daily).
January 16, 2017, 11:40:07 PM
don't worry bears, there's no WAY there isn't going to be another annoying dump.
900 was assassinated less than a week ago.
so it seems fitting to stay well below it for a while.
which we won't do.
but when we go above it, we'll get smacked back i imagine.
anyone got any LEGIT TA for us?
900 was assassinated less than a week ago.
so it seems fitting to stay well below it for a while.
which we won't do.
but when we go above it, we'll get smacked back i imagine.
anyone got any LEGIT TA for us?
January 16, 2017, 11:24:03 PM
PBOC flies
January 16, 2017, 11:19:43 PM
Bwaahhahahahahaha!!!!
Deutsche Bank Joins Venture to Offer Blockchain Products
https://global.handelsblatt.com/finance/deutsche-bank-joins-venture-to-offer-blockchain-products-682447
A choice quote:
"Some banks are already using blockchain technology to conduct security trades with utility settlement coins, a digital currency, instead of traditional bank transfers. By going digital with blockchain, banks don’t have to keep as much capital and liquidity on hand for financial transactions."
Deutsche Bank Joins Venture to Offer Blockchain Products
https://global.handelsblatt.com/finance/deutsche-bank-joins-venture-to-offer-blockchain-products-682447
A choice quote:
"Some banks are already using blockchain technology to conduct security trades with utility settlement coins, a digital currency, instead of traditional bank transfers. By going digital with blockchain, banks don’t have to keep as much capital and liquidity on hand for financial transactions."
Are you basically saying it's only a matter of time before bitcoin is used OR do you think they are using it (trialing it) instead of "utility settlement coins"
Both.
1. Fairly quickly, they will discover that bank-created "utility settlement coins" are fairly useless. Unless this is just a cover story, a lie to deceive the public.
- but -
2. I suspect that secretly, they are really building the infrastructure for Bitcoin long term, and may even be testing it. Some day they will have no choice but to plug into the Bitcoin blockchain.
So both hilarious (short term) and bullish (long term)
I'm just a simple hodler and not up to scratch technically compared to you guys (but better than normal folk) but how do so called settlement coins work for banks? What's the incentive exactly with these coins? How does it all work?
I can't figure out how they can create their own coin and hey presto all working well.
Honestly, I'm not sure if any really knows what these banks plan to do with their supposed "blockchain" services. They already have the ability to transact and do settlement with each other in a trusted fashion, seamlessly and fairly frictionlessly, so it's a complete mystery why they would need "blockchain integration" for that purpose.
My bet is on them creating blockchain-enabled (sidechain?) derivatives for new/emerging commodities, hedge markets, etc. Bitcoin seems like a perfect fit. Sure they could create and pre-mine a new PoS like coin and create a market for it, but who would trust it? Who would purchase and trade it, and why? Just using it 'internally' within a small network of trusted banks won't really do anything amazing for them.
charge you the same fees while having a cheaper financial network
your 1 USD would = something like 0.00001 of a utility settlement coin
https://www.ubs.com/microsites/blockchain-report/en/home.html
you can find the whitepaper on this page
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