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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 18541. (Read 26609683 times)

sr. member
Activity: 294
Merit: 250
Buy some broken shitcoins? Hmm. Sounds like a great idea! Of course I’m the kind of guy that sticks screwdrivers in his ears for sport. But still, excellent advice from Bitcoin News Magazine. Everybody game?

Yes, buy broken shitcoins if the price of said broken shitcoin is increasing at jaw-dropping rate, allowing you to sell that broken shitcoins at a substantial profit later. It's called trading.
That's what this sub is about.
If this sub was called "chose a coin to marry and hodl 'til death doth ye part," you'd have an excellent point.

I forgot this was a thread of savvy investors; by all means.  Have a wafer-thin mint to top it off. Keep us posted. Smiley

No, you're wrong again. This is not about investing, investors don't watch for "green dildoes" on exchanges. Investors are far more value-oriented, and daily price fluctuations (wall watching) ain't what they're about.

This thread is about trading, my snide little friend. Where we buy and sell widgets, not because of our unsullied, deep and eternal love for said widgets, but because we love making money. Don't be confused by other traders swearing fealty to shitcoin_X -- that's sales talk, so rubes like you would maybe believe them and buy shitcoin_X, thereby driving up the price.

You know how I know this? Because when I am ideologically/emotionally attracted to something, I do not spend my days pimping it by telling everyone who'll listen how much real money it will be worth one day. Because who corners people and pitches to them how many green American $$$$ their GF or their mom or their cat or Jesus or Muhammad will be worth?
Now guess who does that sort of shit? Go ahead, guess.
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
So this all makes perfect sense, eh?

Weeks and weeks of excitement and price rise on all exchanges.  People were saying China was leading, providing 90% of the volume, and couldn't get enough.

Then an auction ends.

Then an exchange has network problems and goes offline for a bit.

Meanwhile price plummets.

Exchange comes back online.

But now we're at -130/btc, and all trading has essentially come to a complete halt.

Makes perfect sense, right?  But...but.. China demand?? Right??  Fellaz??

I just put bitcoinwisdom on 6h so it shows from the beginning of the run up and I don't see volume going down.  Not at 4h, 2h or 1h either.

BTW I'm not used to anything making sense.

High selloff volume is not the same as high buying volume.  If China buying demand was really there and accounted for 90%, they'd just steamroll over this sell off, actually they would look at it as a huge buying op.

I'm getting sick of people still touting that 'China' is somehow responsible for all the supposed demand.  They aren't, because the whales that ran this up are not Chinese, they simply have open accounts on all worldwide exchanges include the Chinese ones.  That's the dirty secret that the whales don't want you to know.

Huh and here i was thinking that each transaction has a buy and a sell side. So who's buying the coins during those high selloff volumes? And who's selling them at high buying volume?

I wouldn't say they account for 90%, but even 30% in NEW demand would shift this thin market dramatically. It's clear to the casual observer that the previous rallies started on Chinese exchanges (i.e. trading in CNY) true that whale can be anyone just trading on a Chinese exchanges, but due to trades being in CNY we can conclude that not many westerners would trade $ into CNY before purchasing BTC
member
Activity: 119
Merit: 10

When the world learns the number 2 crypto is being run by Mr. Thompson's 9th grade Computer Science class, it gives some big-pocket investors some pause, across the entire sector. 


hah!

Looks like Brexit is back on the menu.  buckle up lads...

http://www.independent.co.uk/news/uk/politics/eu-referendum-reform-uk-brexit-vote-live-remain-jean-claude-juncker-european-union-a7095601.html
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot

When the world learns the number 2 crypto is being run by Mr. Thompson's 9th grade Computer Science class, it gives some big-pocket investors some pause, across the entire sector. 


hah!
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
It's called trading.
That's what this sub is about.
If this sub was called "chose a coin to marry and hodl 'til death doth ye part," you'd have an excellent point.

It's not called "Trading". It's called "Speculation".

Trading and holding are both speculation.
member
Activity: 119
Merit: 10
Bitcoin Core developer Peter Todd told CoinDesk:

   "My thinking is if I can’t explain a system to a drunk guy with a fine arts degree and have him have a decent chance of understanding how it works, at least at some level, chances are the system is too complex for me to understand." http://www.coindesk.com/the-dao-bitcoin-development/

Parsing: if(I can’t explain a system) then(system is too complex for me to understand)

If Peter codes like he talks, bitcoin is pretty much done. And yes, this is very relevant to bitcoin price, unfortunately Sad

Another troll on ignore!
legendary
Activity: 2833
Merit: 1851
In order to dump coins one must have coins
Buy some broken shitcoins? Hmm. Sounds like a great idea! Of course I’m the kind of guy that sticks screwdrivers in his ears for sport. But still, excellent advice from Bitcoin News Magazine. Everybody game?

I'm the kind of guy who once he sees a bunch of people sticking screwdrivers in their ears and then fall in agony, thinks it's a good idea and does it himself. So yeah where can i buy these shitcoins, looks like people are having fun over there i wanna join
legendary
Activity: 4200
Merit: 4887
You're never too old to think young.
Good morning Bitcoinland.

Not much change overnight.



Seems to be forming a triangle. Up or down?
legendary
Activity: 1159
Merit: 1001
legendary
Activity: 1260
Merit: 1116
Buy some broken shitcoins? Hmm. Sounds like a great idea! Of course I’m the kind of guy that sticks screwdrivers in his ears for sport. But still, excellent advice from Bitcoin News Magazine. Everybody game?

Yes, buy broken shitcoins if the price of said broken shitcoin is increasing at jaw-dropping rate, allowing you to sell that broken shitcoins at a substantial profit later. It's called trading.
That's what this sub is about.
If this sub was called "chose a coin to marry and hodl 'til death doth ye part," you'd have an excellent point.

I forgot this was a thread of savvy investors; by all means.  Have a wafer-thin mint to top it off. Keep us posted. Smiley
sr. member
Activity: 294
Merit: 250
Buy some broken shitcoins? Hmm. Sounds like a great idea! Of course I’m the kind of guy that sticks screwdrivers in his ears for sport. But still, excellent advice from Bitcoin News Magazine. Everybody game?

Yes, buy broken shitcoins if the price of said broken shitcoin is increasing at jaw-dropping rate, allowing you to sell that broken shitcoins at a substantial profit later. It's called trading.
That's what this sub is about.
If this sub was called "chose a coin to marry and hodl 'til death doth ye part," you'd have an excellent point.
newbie
Activity: 42
Merit: 0
Bitcoin Core developer Peter Todd told CoinDesk:

   "My thinking is if I can’t explain a system to a drunk guy with a fine arts degree and have him have a decent chance of understanding how it works, at least at some level, chances are the system is too complex for me to understand." http://www.coindesk.com/the-dao-bitcoin-development/

Parsing: if(I can’t explain a system) then(system is too complex for me to understand)

If Peter codes like he talks, bitcoin is pretty much done. And yes, this is very relevant to bitcoin price, unfortunately Sad
legendary
Activity: 874
Merit: 1357

Sounds about right. One more dump tomorrow and a couple of days after that because of no brexit (or brexit, there'll be dumping regardsless), after that moon.

I tend to agree. Once the Brexit referendum result becomes clear (estimated to be between 02.00 and 06.00 UTC on Friday), the market will have some certainty, regardless of the result. I suspect this will lead to falling prices for gold and BTC as relative safe-havens.  Of course, the market will likely move before that, on rumour.  As such, it wouldn't be surprising to see BTC drop substantially anytime between now and Friday, followed by a steady rise back towards ATH - which was its trajectory before Brexit jitters and Bitfinex going offline.
legendary
Activity: 1260
Merit: 1116
Buy some broken shitcoins? Hmm. Sounds like a great idea! Of course I’m the kind of guy that sticks screwdrivers in his ears for sport. But still, excellent advice from Bitcoin News Magazine. Everybody game?
hero member
Activity: 1132
Merit: 818

Sounds about right. One more dump tomorrow and a couple of days after that because of no brexit (or brexit, there'll be dumping regardsless), after that moon.
legendary
Activity: 2856
Merit: 1520
Bitcoin Legal Tender Countries: 2 of 206
legendary
Activity: 2170
Merit: 1094
legendary
Activity: 1092
Merit: 1000
what happen to the moon shot guys ??
sr. member
Activity: 294
Merit: 250
That's the dirty secret that the whales don't want you to know.
And there I was, thinking Mr. Moneybags would just pick one exchange and stick with it. But now you tell me he avails himself of arbitrage opportunities and ... less savory ways to profit from poorly regulated markets spread out across multiple jurisdictions?
Well!
legendary
Activity: 2660
Merit: 2868
Shitcoin Minimalist
Most "amateur" investors won't invest until there's a bitcoin ETF. The professional investors are going to be able to differentiate BTC from the shit altcoins, like ETH.
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