Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 19795.

JayJuanGee

legendary

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on December 20, 2015, 02:37:24 PM

we'll be at >500 soon, but <400 sooner.

Adam... hahahahahahahahaha Cheesy

I think that I kind of understand what you are saying; however, your sentiment is getting a little bit more difficult to detect, especially since you seem to have been recently employing various and/or strategically placed reverse psychology posts. maybe insert bald headed hair pulling gif here to represent my current state of being. Cry

billyjoeallen

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Hide your women

Quote from: ErisDiscordia on December 20, 2015, 02:50:13 PM

Quote from: billyjoeallen on December 20, 2015, 02:34:40 PM

Quote from: rpietila on December 20, 2015, 02:06:19 PM

Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.

IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.

The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.

First TERA and now Risto- we're getting the band back together!

no better indicator of a bull market than old-timers becoming active again

Hold on there, Pardner. Don't confuse cause and effect. All that means is the price is higher. The bull market isn't really back until the ATH is topped. That won't happen without a scaling fix because long before we get to four digits, we'll slam into the 1MB blocksize limit.

When the blocks are totally full, the fees could go up 100X what they are now because there is only enough capacity for ~600,000 transactions per day. That's it, no matter how high the fees go, there won't be enough capacity for each of us to have even one xation/day each. NO MATTER HOW HIGH THE FEES GO.

You don't wait until the snow starts falling before you start chopping firewood. It's coming.

PYramid Head

full member

Activity: 137

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Quote from: -Greed- on December 20, 2015, 01:39:35 PM

We are here. Long way to go is ahead.

We are in the first bear trap, buy while you can or regret later

ChartBuddy

legendary

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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Coin

Explanation

cefen6777

newbie

Activity: 42

Merit: 0

the price went down a bit again i guess its the time to buy right now

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: fisheater22 on December 20, 2015, 02:05:17 PM

Wait, so we're below 440 AGAIN?
How is this possible?!

You are a fucking goofball, and each of your posts bring further supporting evidence of such a reasonable conclusion.

Tongue

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: -Greed- on December 20, 2015, 01:39:35 PM

We are here. Long way to go is ahead.

It is very difficult exactly to determine where we are at, while we are in it, and surely perspective regarding where we are "at" will depend on your view of the future of BTC.... to me, it kind of seems that on that particular diagram, we could be in the early "media attention" stage, approximately.

JayJuanGee

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Activity: 3920

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Self-Custody is a right. Say no to"Non-custodial"

Quote from: Tzupy on December 20, 2015, 01:37:57 PM

Quote from: ImI on December 20, 2015, 01:18:53 PM

Quote from: gotmilk_ on December 20, 2015, 01:12:07 PM

I think this has hit the bottom and it is time for a nice fat bounce. Some traders will have hard time to cover their shorts on Bitfinex.

not much shorts to cover

I tried to close my short, but something is wrong at Bitfinex, didn't properly execute, so my profit is diminishing. Also doesn't look right at Bitcoinwisdom.

That exchange just seems to be too fucked. They seem to have too many instances of "incidents," especially as soon as volume and/or volatility picks up, right when you need them to have a solid platform.

ErisDiscordia

legendary

Activity: 1133

Merit: 1163

Imposition of ORder = Escalation of Chaos

Quote from: billyjoeallen on December 20, 2015, 02:34:40 PM

Quote from: rpietila on December 20, 2015, 02:06:19 PM

Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.

IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.

The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.

First TERA and now Risto- we're getting the band back together!

no better indicator of a bull market than old-timers becoming active again

criptix

legendary

Activity: 2464

Merit: 1145

Quote from: Tzupy on December 20, 2015, 02:40:32 PM

Quote from: gotmilk_ on December 20, 2015, 02:05:38 PM

...
I'm surprised you're actually still trading on Bitfinex. It has more problems that MtGox had.

I have a Kraken account, but am not currently using it. The level of complaints about reliability seems higher for Kraken... Roll Eyes

I only noticed slow consumer support in times of heavy volumes but overall it is the best european exchange.

JayJuanGee

legendary

Activity: 3920

Merit: 11299

Self-Custody is a right. Say no to"Non-custodial"

Quote from: MatTheCat on December 20, 2015, 01:35:43 PM

Quote from: gotmilk_ on December 20, 2015, 01:31:31 PM

Shorts are up 3.5k since the top. Longs at 22mil$.

Outwith Dec 2015, Shorts on BFX have never been so low in over a year.

Longs are also relatively low, but you would have to go all the way back to March 2015 to find a period where long positions on BFX were comfortably lower than they currently are.

But probs we need to be looking at CNY markets to get a better picture of this, as it is China that is driving BTC at the time being.

Don't get correlation and causation mixed up.

There may be some contribution of Chinese exchanges to BTC's price movements, but really overall Chinese exchanges are lacking a certain level of credibility to be true drivers of BTC prices in any kind of meaningful way.

sx100

member

Activity: 74

Merit: 10

Quote from: Tzupy on December 20, 2015, 02:40:32 PM

Quote from: gotmilk_ on December 20, 2015, 02:05:38 PM

...
I'm surprised you're actually still trading on Bitfinex. It has more problems that MtGox had.

I have a Kraken account, but am not currently using it. The level of complaints about reliability seems higher for Kraken... Roll Eyes

What sort of complaints? Is it only can't log in, and trading engine complaints, or are there also complaints about withdrawals and deposits?

The kraken does leverage so getting locked out when you need to close your position is unacceptable. If your withdrawals also get frozen then that exchange shouldn't have been selected to help reimburse the gox coins.

macsga

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Strange, yet attractive.

Quote from: rpietila on December 20, 2015, 02:41:49 PM

Quote from: adamstgBit on December 20, 2015, 02:37:24 PM

we'll be at >500 soon, but <400 sooner.

Fibonacci rules as always. Target is 380, but the situation is so bullish I am not trading off chances. Just wait until we get the 6 consecutive weekly green candles and then try to time the top. 20% daily rise is pretty good sign, 30% (on top of the exponential rise) is a sure sign.

I concur; more than 500 within the week (maybe later tonight).

BlindMayorBitcorn

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Quote from: billyjoeallen on December 20, 2015, 02:34:40 PM

Quote from: rpietila on December 20, 2015, 02:06:19 PM

Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.

IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.

The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.

First TERA and now Risto- we're getting the band back together!

rpietila

donator

Activity: 1722

Merit: 1036

Quote from: adamstgBit on December 20, 2015, 02:37:24 PM

we'll be at >500 soon, but <400 sooner.

Fibonacci rules as always. Target is 380, but the situation is so bullish I am not trading off chances. Just wait until we get the 6 consecutive weekly green candles and then try to time the top. 20% daily rise is pretty good sign, 30% (on top of the exponential rise) is a sure sign.

Tzupy

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Quote from: gotmilk_ on December 20, 2015, 02:05:38 PM

...
I'm surprised you're actually still trading on Bitfinex. It has more problems that MtGox had.

I have a Kraken account, but am not currently using it. The level of complaints about reliability seems higher for Kraken... Roll Eyes

adamstgBit

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Trusted Bitcoiner

we'll be at >500 soon, but <400 sooner.

billyjoeallen

legendary

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Hide your women

Quote from: rpietila on December 20, 2015, 02:06:19 PM

Follow the weekly Bitstamp chart. If it closes green for 6 times in a row, we are on bubble territory (currently 4 consecutive weekly greens). If we instead end this week in red, there is nothing to worry.

IF we get 6 greens, this means we can go on for a long time still but watch for a blowoff top and trade accordingly.

The methodology worked perfect in the latest 500 spike, and you can easily check a very good match with all previous bubbles as well.

First TERA and now Risto- we're getting the band back together!

peonminer

hero member

Activity: 798

Merit: 531