Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19545. (Read 26609705 times)

It makes sense if you stop thinking about Bitcoin as an organic market, and start thinking about it as a Cash Cow controlled by Chinese Bitcoin Cowboys. Crash down to Long RLZ, and then right back up to Short RLZ within a few days? It's bullshit. It is a rigged casino designed to deprive the majority of thier funds. Perma bulls get the thrill of seeing their USD wealth inflate when 'they' pump but get that sinking feeling in their gut when they see their USD wealth evaporate when BTC crashes, and bears vice versa.

An organic market is 'the herd'. And it is possible to develop an acumen in the reading of charts and the use of statistical based tools, to forecast future herd movements. Bitcoin is not so much the herd, as the herd being rounded up by the Bitcoin Cowboys. 'They' have this market on the end of a piece of string like a fucking Yo Yo.

U will know how to read market signals. Look back at the consolidation formation prior to break out. It was saying bear all the fkn way. It was as though the formation was intentionaly designed to trick as many people as possible, and for those who had the audacity to still see it as Long (I was one of them), we even got a move down to take out lowest low, and wipe out all the long Stop Orders. 'They' did not want the public getting in on this at the bottom. 'They' wanted the public chasing the momentum. 'They' want the public to be buying Bitcoin right now! Buying 'their' Bitcoin, that they picked up $350-$380. Although, after that vicious engulfing Doji candle that hit right into 61.8% Short RLZ, only the most fucking stupid of investors are going to enter Bitcoin here, enter they still will, and last I checked, PoC is sitting up at $435...a likely upside target when all is said and done, but will I be attempting to ride it up? NOOOO!

Point is, everything about the crash, and everything about this 'miracle' rise, has fuck all to do with fundamentals, and everything to do with rigged market machinations. Rise was too fast, and it came from nowhere. Reminds me a bit of the March 2014 parabolic rise when Bitcoin surged from $580 - $710. Too much, too soon. Just not fucking sustainable, manufactured as fuck and we all know what happened next.

As soon as the 'top' is confirmed, I will be hunting shorts on Bitcoin targetting $310 area, cos that is where this fucker is going. But if that V bottom was anything to go by, I guess I shouldn't expect a nice easy double top M market structure to trade....I suspect only the chosen and the highly risk tolerant will get to short with the choice trade entry points.

agree, that's it with classic.

LOL....   https://www.reddit.com/r/btc/comments/41iw58/the_toomin_brothers_bitcoin_classics_main_devs/

To be fair that was the developers brother who helps with the consider.it site that manages all the Classic Voting. It is too early to suggest that the lead dev is getting stoned and dropping acid too.

Coin


Explanation

This is Bitcoin.

Now, you are just continuing drama in a troll-like and apparent disingenuous manner.    It's like you are just making things up, and do you even hold any coins?   People who invest in coins take their involvement a bit more serious even if they cannot decide whether they are bears or bulls, or some hybrid.


Surely, there is nothing wrong with a bit of humor and even indecision regarding the proportion of investment and maybe beginning to disinvest some of your BTC if you are either in profits or you believe that you have overextended for your own level of tolerance... but really, you are appearing to be more of an attention whore in your weak walking back of your supposed quit.

They couldn't touch him because he was Tarzan, Mandrake, Flash Gordon. He was Bill Shakespeare. He was Cain, Ulysses, the Flying Dutchman; he was Lot in Sodom, Deirdre of the Sorrows, ...

i don't think the chinese miners can even pronounce "Crassic" ... crass alright, get high, code hard-fork, profit.

$420 :-)


Hey this is really a nice day, wasn't expecting such a movement - well I was waiting for that, but wasn't aware that today we will have so much fun.


Good job Bitcoin!

I think that is true!

If I only I knew what I am missing in those situations. I believe there must be a reason for everything.

We are now close to the January 13th prices.

The last time I saw you talking like that we hit $500.

Take a look at the Stock markets today and the price of oil. Bitcoin is becoming the new "gold" where investors park their assets in times of economic uncertainty and a hedge against the other investments.  


Mostly agreed , the discussed attack is best served during the transition and quickly after the fork occurs. which is precisely why contentious hard forks should have 95% of miner support to insure this isn't a possibility.

This is pretty much right, except that you can't entirely determine which chain that will be until after the fact. During some unspecified time horizon there may be ambiguity.

People are all entitled to their beliefs about which path forward is the best or will actually happen, but talk is cheap. Only real trades matter.

I am doubting myself for being bearish but at the same time this pump does not make too much sense.
I feel like this should dump back down. What am I missing here?

lol, i couldn´t fall asleep, got up, thinking about to roll one up.

hesitated.

checked the charts.

420. i guess i got the message.

 


good night fellas...

Goodbye ClasSickCoin and good riddance. Oh and btw, say hi to XT! 

Don't tease...

I posted on the Wall Observer, I didn't even create a thread. And to post somewhere help to consolidate the decision through social pressure even it it didn't work out this time (the first 24 hours are the hardest when quitting an habit).