Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18187. (Read 26634254 times)

I followed the thread and understood your position.

I'm saying you want to guess the weighting to apply, and I'm saying you won't get general agreement with your guess.

The only way to get some agreement would be to add at least a modicum of math.

You do realize that in July/August 2015 ... the Yuan was 6.2 on the dollar... right??

And in 2016... it went now to 6.75 - 6.80 per each dollar... and 3-4 months ago was 6.50 - 6.60 ... And pointing this out... you do realize for billionaires those are F'-ing huge numbers!!!

And besides that... even if the dollar/euro/yuan... etc... crash&burn.co ... BTCitcoin usually keeps up with gold/silver since those will be the things it will be pegged to after the crashes.  

1000+ $

You seem to misunderstand me or to misread me, if you are suggesting that I am saying put your finger into the wind.


The subject came up when toknormal seemed to have been relying almost exclusively on the chinese exchanges.

I said that I believe that they chinese exchanges are a very unreliable predictor, and I suggested first to use USD/BTC exchanges, and alternatively, I suggested a kind of weighted formula to give less credit to chinese exchanges, as compared with USD/BTC exchanges.  I was not arguing any kind of random or vague scenario, because I did not necessarily want to get caught up in a lot of technical work..

I don't get super excited about technical analysis merely for the sake of technical analysis, yet on the other hand, if guys want to put in the work to attempt to apply various kind of technical analysis, then surely sometimes that can sometimes be informative... to the extent that they are able to either use it themselves or share it with others.

I usually attempt to keep up with my PMs, and I saw one from you from a bit over a week ago.  I kind of forgot about it, but I will respond, now... sorry about that.

You may well be correct if you're saying there's no better way than to suck your finger and hold it in the wind. I certainly didn't come up with anything better.
Nevertheless, you won't get any agreement amongst the people you're talking to with such a subjective guess. Everyone will have their own guess - the details matter here.

I hoped to supply some real analysis.

PS: have you checked your pm's lately?

I personally believe, at this time, that the price is going up on relatively overall low volume (or medium volume at best), but anyway the various USD exchanges are going to pick up and show their actual capabilities in respect to processing higher levels of volume once the price battle begins (in other words the price battle has not begun yet).

At this point, also, I theorize that there are three logical places in which the price battle could most feasibly begin:  1) after a price rise into the upper $700s, 2) after a price rise in the mid-$800s or 3) after a price rise into the above $2k arena.

I believe that scenario 2 above is the most likely, and I am less than 50% confident that the bulls are going to win that battle - but I certainly would like to be pleasantly surprised against my best intuitions (maybe like some others in this thread, I have become a bit battle fatigued and I remain a bit scared of the bears, since they had been successful in beating us bulls down several times over the past 3 years - even when there seems to be continuing pretty decent upwards price pressures at the moment) 

I wish. No, seriously, i want to buy in with like 3+ BTC, so i wish we crash back to $660 even for a couple of hours. Alas, i do not see why that would happen. Market behavior has changed. It is a wide spread accumulating phase now, and we can not say a thing about it.

Not really since both Clinton and Trump were going to announce massive public works projects (out of control spending stimulus) and Shillary was probably going to try and implement "basic income", because helicopter money as a one-off event wouldn't stop terminal decline in monetary velocity leading to cascading deflationary collapse.  A last ditch effort at saving/extending their fractional reserve, debt based currency scam.

So I should be expecting that test of $660 on Nov 9?

Newsflash:  Some of what's going on right now is people positioning for the pre-pump of gold, silver, and Bitcoin if a Trump win is announced.  Gains if Trump wins, no losses if he loses = asymmetric trade.

2016 post-bitfinex hack is unique in that there is that there is now NO authoritative exchange to follow. There always used to be mtgox, bitfinex, bitstamp or something you could follow with a large USD volume, Now, all USD exchanges are trading very thin volume and all CNY exchanges are trading massive amounts of obviously fake volume with meaningless numbers. You can no longer pick out a market leader or use any kind of volume analysis. No order books, no walls, no volume, only price action. You just have to kind of blindly trust what is going on behind the scenes on the chain based on the candles. It is like trading Forex.

2013. Without Willy. We all want to see that November again, right?

On a serious note, all the ingredients (-ETF WF, India waking, SW, LN upon, scaling solved, WS and other institutionals are ready, MSM free advertise) are ready for it. The fundamentals are there, the halving getting priced in (yes, i said it!) slowly, just like the last time, and i am sad that i did not bought last month. Even thought my strat is buy+HODL. I shall and will buy moar.

I understand that there has been various discussion about this point of weighted trade volume, and I understand that it could be quite a bit of work to attempt to establish any kind of exact system, and therefore, probably good in concept, even though in practice we may want to merely attempt a kind of ballparking of such weighted trade volume considerations.




In the end, each of us is working with various kinds of imperfect information; however, yes, as you say, from time to time, some insiders will reveal some of the insider practices (such as faking trade volume), and various kinds of corruption and deception such as this is going to vary from exchange to exchange (and some will be attempting to be on the up and up), so we just would need to ball park approximate with the best that we can.


I understand that these kinds of factors can exist, sometimes, and sometimes these kinds of factors may need to be considered in various scenarios, but other times, maybe they constitute too many trees for missing the forest....   I mean big things and big lumping of factors is likely better than getting caught too much into the details, in my thinking.




I personally think that it would be easier not to get caught up too much with any particulars of the exchange, just down grade them a bit from 100% if they have questionable practices.  For example a place like Okcoin or Huobi have extraordinary trade volume, so maybe just count them as 10% or 20%, and maybe even less, if you come to the conclusion that the trade volume does not really represent anything meaningful...

Finally!



According to Bitcoinaverage.

Trust China;  get shanghaied

Now.....

800.

no

feels like this comment is from the past like about 10 days ago.

we are goign for 700 USD now guys!