So are we refueling?
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18052. (Read 26609691 times)
December 22, 2016, 05:47:19 PM
December 22, 2016, 05:36:21 PM
possibly, some of the bigger whales may have decided to pull some of their cash off of the exchange,
Sounds as if you think whales keep the bulk of their coins parked on an exchange? With the propensity of pecuniary pilferers plundering principal, would that not be a particularly problematic proclivity?
The trick is to transfer to thy trusted Trezor to truly thwart the thieves.
'zackly. I would expect the whales to keep the bulk of their holdings off such external points of failure.
(sorry - I initially wrote that in natural language, then noticed some natural alliteration. So I rewrote it to maximize the alliteration. Of course, I was already into the sauce, as they say.)
December 22, 2016, 05:28:59 PM
Nah, Eddy Gordo, any noob could win by bashing the "kick" buttons 
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December 22, 2016, 05:09:56 PM
December 22, 2016, 05:07:32 PM
December 22, 2016, 03:30:20 PM
Fight!!
December 22, 2016, 03:25:07 PM
Looks like open highway to $900. Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon. Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.
Yes but in order to control bitcoin, they first need a ETF/derivatives market for bitcoin so they can inflate the crap out of it and gain control of all the levers. But no real such market for bitcoin really exists yet. So the best they can do is slow down the growth of bitcoin. And the best way to do that? Pump it to the moon, then crash it. Makes people stay away for a while.
That is partly reasonable and partly crazy.
The first half seems reasonable, but the crazy part is paraphrased from you as: "the best way to slow down bitcoin's growth is pumping it to the moon, then crashing it"... hm? does that sound reasonable to you or conspiratorial fantasy land crazy?
And you don't think that's exactly what they did with Gold since 2008? Just look at that 10 yr chart... which is why no one is really all that excited about the Gold market right now even though Gold is supposedly seen as a "safe haven". There's actually fear in the Gold market, when right now it should be the exact opposite.
I am not really grappling with all of the particulars of your arguments because you make decent points about some of the historical happenings and manipulations that take place and that can take place through the introduction of various kinds of investment vehicles.
Therefore, I am not really disputing your assertion that various markets are highly manipulated through various instruments, including gold.
You already concede that Bitcoin is quite a different animal and it does not have these tools and it is immature etcetera, etcetera.... so you conclude from that since they do not have the tools, the solution is to pump bitcoin.. makes little sense....
There may be a pump of bitcoin, but i doubt that it is coming from any of the folks who are hostile to bitcoin.. , and if bitcoin gets pumped up considerably, those who are hostile to bitcoin can attempt to be prepared to step in when it is experiencing a lul in pumping.. but they are likely more advantaged to attempt to prevent it from pumping, if they can... and they kind of already lost that battle in the past year and a half.. and they had been unsuccessfully attempting to get it to go below $200 and then once it started going up.. the momentum has become more and more difficult... .who knows what resources are being put in to attempting to keep bitcoin down.. it is likely inadequate.. as kind of demonstrated by the ongoing upwards movements in price.
December 22, 2016, 03:17:48 PM
Previous resistance $800?
I was considering the 24 hour resistance at roughly $840 to $847, but the mood is so bullish I don't think it will go back down. The earlier attempt to dump and keep it below that resistance didn't work.
Oh man every time I go to bed I am thinking if the bulls are done running and when will they take their rest and maybe I should just sell it. All ends up with a decision to just hold it and I guess the same will happen tonight. Up up up!
December 22, 2016, 03:11:32 PM
Previous resistance $800?
I was considering the 24 hour resistance at roughly $840 to $847, but the mood is so bullish I don't think it will go back down. The earlier attempt to dump and keep it below that resistance didn't work.
December 22, 2016, 03:08:00 PM
Hello guys !
I hope someone will answer my question, I try my luck..
1/ What's your sentiment about the future price of the bitcoin ?
These days the pump is insane...
2/ Last, the bitcoin price is depending about what ?
Thank you
I hope someone will answer my question, I try my luck..
1/ What's your sentiment about the future price of the bitcoin ?
These days the pump is insane...
2/ Last, the bitcoin price is depending about what ?
Thank you
1. Down, up, down, up, up, up
2. Supply and demand.
December 22, 2016, 03:02:54 PM
Hello guys !
I hope someone will answer my question, I try my luck..
1/ What's your sentiment about the future price of the bitcoin ?
These days the pump is insane...
2/ Last, the bitcoin price is depending about what ?
Thank you
I hope someone will answer my question, I try my luck..
1/ What's your sentiment about the future price of the bitcoin ?
These days the pump is insane...
2/ Last, the bitcoin price is depending about what ?
Thank you
December 22, 2016, 02:52:53 PM
Previous resistance $800?
December 22, 2016, 02:47:39 PM
What's the prediction from you all for the next 12 hours? Slowly back down a little or back on the choo choo?
Normally I would predict it's going back down a little to a previous resistance. However the choo choo is strong in this pump and the honey badger doesn't give a fuck, so I predict choo choo for the next 12 hours.
December 22, 2016, 02:47:14 PM
Looks like open highway to $900. Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon. Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.
Yes but in order to control bitcoin, they first need a ETF/derivatives market for bitcoin so they can inflate the crap out of it and gain control of all the levers. But no real such market for bitcoin really exists yet. So the best they can do is slow down the growth of bitcoin. And the best way to do that? Pump it to the moon, then crash it. Makes people stay away for a while.
That is partly reasonable and partly crazy.
The first half seems reasonable, but the crazy part is paraphrased from you as: "the best way to slow down bitcoin's growth is pumping it to the moon, then crashing it"... hm? does that sound reasonable to you or conspiratorial fantasy land crazy?
And you don't think that's exactly what they did with Gold since 2008? Just look at that 10 yr chart... which is why no one is really all that excited about the Gold market right now even though Gold is supposedly seen as a "safe haven". There's actually fear in the Gold market, when right now it should be the exact opposite.
December 22, 2016, 02:42:22 PM
Isn't it easier to keep it permanently suppressed?
In order to keep it suppressed, you have to continually short with huge amounts of margin. And if you are doing that, that money is not growing, it's being burned when it could be invested elsewhere. The wealthy are *always* seeking a positive return on their money, even if it is like 1%. Because 1% per year of a billion dollars is still a lot of gain.
Also remember that the combined purchasing power of an exponentially-growing base of long investors will eventually overpower a smaller pool of shorts. When liquidity starts to dry up, that's when significant short squeezing can occur.
Maybe this demonstrates some of the tension in your thinking? You seem to be assuming profits from a narrow perspective. Whether you are a big financial institution or a government, you may calculate that it is worth it to you to lose millions and even billions of dollars in order to suppress your competition (aka bitcoin)
Bitcoin's market cap is so small, that it is much easier to lose money in suppressing bitcoin and still remain overall profitable from achieving such suppression.
December 22, 2016, 02:39:19 PM
What's the prediction from you all for the next 12 hours? Slowly back down a little or back on the choo choo?
December 22, 2016, 02:37:33 PM
Looks like open highway to $900. Will have to see if the Jews try to implode it and form a double top in the $1000s or if they want to force people into bitcoin instead of gold and silver and thus allow it to keep going to the moon. Silver market is not much bigger than bitcoin so at some point they're either coming after bitcoin too, or they'll want everyone in bitcoin instead since it's easier to regulate and tax.
Yes but in order to control bitcoin, they first need a ETF/derivatives market for bitcoin so they can inflate the crap out of it and gain control of all the levers. But no real such market for bitcoin really exists yet. So the best they can do is slow down the growth of bitcoin. And the best way to do that? Pump it to the moon, then crash it. Makes people stay away for a while.
That is partly reasonable and partly crazy.
The first half seems reasonable, but the crazy part is paraphrased from you as: "the best way to slow down bitcoin's growth is pumping it to the moon, then crashing it"... hm? does that sound reasonable to you or conspiratorial fantasy land crazy?
December 22, 2016, 02:27:22 PM
December 22, 2016, 02:23:48 PM
Yup, thats the one. Thanks.
December 22, 2016, 02:14:04 PM
Anyone have a link to the google docs chart that circulated around in 2014 outlining a standard technology adoption curve and with bitcoins price mapped along side?
There are some threads here. I ve done a simple log log chart normalizing the exponential adoption very good:
https://bitcointalksearch.org/topic/m.17016542
Yes I need to update this and add a proper timescale at bottom...but you can imagine, below 1000 = nothing happened!
Thanks for this but this is not what i was referencing. There was a publicly accessible google docs spreadsheet/chart which had in it a technology adoption curve and along side of it the bitcoin price mapped. What it showed is that bitcoin dipped below the tech adoption trendline and surged above it but kept fairly close. I cant remember exactly but it had bitcoin at around 50k or 100k around the beginning of 2017. Id love to find that link again.
Are you perhaps looking for a graph done by Stephen Reed? See this very nice 2013 thread of his:
https://bitcointalksearch.org/topic/stephen-reeds-million-dollar-logistic-model-366214
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