stamps walls keep getting bigger and bigger and bigger
Not being a trader what does that mean?
absolutely nothing.
Interesting
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 20227. (Read 26619992 times)
November 11, 2015, 02:14:51 PM
Not being a trader what does that mean?
absolutely nothing.
Interesting
November 11, 2015, 02:13:37 PM
stamps walls keep getting bigger and bigger and bigger
Not being a trader what does that mean?
absolutely nothing.
November 11, 2015, 02:12:25 PM
Selloff the last 24 hours seems very exaggerated. Check the volume on finex - huge compared to even to the run up. Shorts ticked up to 16k.
If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).
Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.
If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).
Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.
Tens of thousands of coins, phwoar just imagine!
We have to hope that if/when mainstream adoption is achieved they won't be able to manipulate the market. They're able to now because in relative terms there still isn't enough people involved in bitcoin. Maybe if we have many, many more people using bitcoin whales may lose control?
November 11, 2015, 02:09:53 PM
stamps walls keep getting bigger and bigger and bigger
Not being a trader what does that mean?
November 11, 2015, 02:08:38 PM
Selloff the last 24 hours seems very exaggerated. Check the volume on finex - huge compared to even to the run up. Shorts ticked up to 16k.
If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).
Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.
If the price fully retraces then that would be disappointing. If the price holds above 300 and the old peak 300-320 becomes support then that is insanely bullish and this would be a great place to accumulate more (or buy back in).
Still it is clear the market is controlled by a few whales not afraid to dump tens of thousands of coins to move the market so anything is possible.
November 11, 2015, 02:08:09 PM
it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.
Bitcoin is not some securities.
You'd still be in full control of the ones you own.
21m cap and high network security is the deal, the rest is noise so just let the maniacs do what they always do.
didn't the SEC recently (and CFTC previously) both claim they had some jurisdiction over bitcoin trading in USA? Pretty sure a pump 'n dump is securities fraud.
But, yeah I agree it is a lot of noise in the big scheme ... but still interesting to note how thoroughly corrupt and rotten Wall Street is and now they are here inside bitcoin with their usual scumbag criminality, just shows what total fraudulent joke BitLicense was.
Heh, to commodities regulators, bitcoin is a commodity, to bank regulators, it's a bank, to stock regulators, it's a stock.
Everyone wants "in". Obviously.
November 11, 2015, 02:01:27 PM
November 11, 2015, 02:00:00 PM
stamps walls keep getting bigger and bigger and bigger
November 11, 2015, 01:47:46 PM
In other words, one can absolutely conclude that the particular set up of likely knowledge gaps (probably rather high in here) and short-term prediction ability (not extremely high maybe, but improving) in this market is unfavorable for personal attempts at trading. That said, there are plenty of people who see the same parameters and conclude it is worth it.
During the pump and dump phases, any individual trader can participate with good chance of success and no information required other than price chart.
The problem is that obvious pump and dump phases happen once or twice a year at best. But average individual "trader" is super greedy and wants to daytrade, which usually erases all prior gains during the obvious pump and dumps.
And don't ask me how I know this lol
November 11, 2015, 01:40:04 PM
poeple all round the world now pulling out their calculator, first calculating how many bitcoin they will have when they buy back at 295 and then calculating how much money that will bring them next year.
... not quite milliaire at 4000$, but if you sell it all now and buy back at 285, ah ha!
... not quite milliaire at 4000$, but if you sell it all now and buy back at 285, ah ha!
That's 250 coins... needed to be able to acquire and/or maintain by the time the price reaches $4,000. I had to use my calculator for that.
November 11, 2015, 01:35:51 PM
it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.
Bitcoin is not some securities.
You'd still be in full control of the ones you own.
21m cap and high network security is the deal, the rest is noise so just let the maniacs do what they always do.
didn't the SEC recently (and CFTC previously) both claim they had some jurisdiction over bitcoin trading in USA? Pretty sure a pump 'n dump is securities fraud.
But, yeah I agree it is a lot of noise in the big scheme ... but still interesting to note how thoroughly corrupt and rotten Wall Street is and now they are here inside bitcoin with their usual scumbag criminality, just shows what total fraudulent joke BitLicense was.
November 11, 2015, 01:34:23 PM
Imagine if you bought in at 500 thinking 'this is it'.
I imagine some of us have to do less imagining than others 
I've been investing for just under 6 months & have so far amassed 8.75 BTC, I bought most of my coins when the price was around £350 (GBP)
That was a long time ago.
It got a lot worse than that when I was buying at those kind of prices.
I just about broke even on average with my whole stash when we hit £240 GBP the other week because I've been buying all the way down.
Now it's down to £205 GBP so we're talking thousands of pounds down again.
(I usually talk in USD as most people here do but I am British).
Sigh
Thinking about selling some (for the 1st time ever) next time we have an upwards move.
Imagineif you bought in at $1200 and are still hodling...
Yes imagine that unlikely and speculative scenario. Pretty fucking unlikely, so why we gonna speculate about such a weird duck.
November 11, 2015, 01:27:19 PM
it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.
Bitcoin is not some securities.
You'd still be in full control of the ones you own.
21m cap and high network security is the deal, the rest is noise so just let the maniacs do what they always do.
November 11, 2015, 01:15:46 PM
If the Cumberland Mining rumor is true, this is even bigger [HFT] kids coming to play in our sandbox, with shitloads of ammo. 'Luck competing with that. In an unregulated market.
[Bitcoin traders as closet masochists theory redacted]
[Bitcoin traders as closet masochists theory redacted]
The lack of regulation in our market is probably offset by the higher professionalization of trading in other, more mature markets. So, retail traders in any market are borderline masochists, I'd say. It's as if you were allowed to sign up for a world championship-level poker tournament after you've played poker for a while against your friends. Still, there's only one way to find out if you can beat the market or not, and that is by giving it a try (preferably with a bit of an idea of money management beforehand), no?
You're right about small traders being outclassed in regular markets, in general. That's partially why sophisticated investor requirements exist.
As far as "find out if you can beat the market," I'm not going to try winning from players who play with marked decks (what regulation, ideally, trys to prevent).
Just not my thing, I got other bad habits.
Fair enough.
I'll add though that I don't buy the binary "rigged vs. non-rigged" and "investor vs. trader" distinction that seems to underlie a lot of arguments on whether you should trade or not. "Rigged/non-rigged" is just a way of expressing an information advantage of one group over another (a gap which exists in every market, though perhaps more in some markets than in others), and the "investor/trader" distinction is just a matter of the predictive horizon of the market participant, in my view..
In other words, one can absolutely conclude that the particular set up of likely knowledge gaps (probably rather high in here) and short-term prediction ability (not extremely high maybe, but improving) in this market is unfavorable for personal attempts at trading. That said, there are plenty of people who see the same parameters and conclude it is worth it.
November 11, 2015, 01:10:19 PM
it is remarkable to see how easily they can get "esteemed" publications like WSJ, Bloomberg and The Economist to dance around like town-cryers, in unison, for the pump 'n dump turning bitcoin into little more than yet another chop stock. Securities fraud is still securities fraud however, no matter how high the corruption runs.
November 11, 2015, 01:05:02 PM
any geniuses left to dump it to 305 once more?
that was a nice bear trap...
Exactly. All the price movement after bitcoin reached 1000$ is just one big beartrap lol.
you only trapped after you admit that you were trapped
November 11, 2015, 01:01:15 PM
November 11, 2015, 12:53:45 PM
poeple all round the world now pulling out their calculator, first calculating how many bitcoin they will have when they buy back at 295 and then calculating how much money that will bring them next year.
... not quite milliaire at 4000$, but if you sell it all now and buy back at 285, ah ha!
... not quite milliaire at 4000$, but if you sell it all now and buy back at 285, ah ha!
November 11, 2015, 12:52:21 PM
If the Cumberland Mining rumor is true, this is even bigger [HFT] kids coming to play in our sandbox, with shitloads of ammo. 'Luck competing with that. In an unregulated market.
[Bitcoin traders as closet masochists theory redacted]
[Bitcoin traders as closet masochists theory redacted]
The lack of regulation in our market is probably offset by the higher professionalization of trading in other, more mature markets. So, retail traders in any market are borderline masochists, I'd say. It's as if you were allowed to sign up for a world championship-level poker tournament after you've played poker for a while against your friends. Still, there's only one way to find out if you can beat the market or not, and that is by giving it a try (preferably with a bit of an idea of money management beforehand), no?
Prices set by these exchanges have always been manipulated, whether by inhouse operators, loaded early adopters or now HFT sharks.
It does not mean such prices are relevant in the first place.
14m btc x 1/2 Exahash would give us an invaluable bitcoin already.
November 11, 2015, 12:46:39 PM
If the Cumberland Mining rumor is true, this is even bigger [HFT] kids coming to play in our sandbox, with shitloads of ammo. 'Luck competing with that. In an unregulated market.
[Bitcoin traders as closet masochists theory redacted]
[Bitcoin traders as closet masochists theory redacted]
The lack of regulation in our market is probably offset by the higher professionalization of trading in other, more mature markets. So, retail traders in any market are borderline masochists, I'd say. It's as if you were allowed to sign up for a world championship-level poker tournament after you've played poker for a while against your friends. Still, there's only one way to find out if you can beat the market or not, and that is by giving it a try (preferably with a bit of an idea of money management beforehand), no?
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