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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21239. (Read 26711946 times)

legendary
Activity: 1512
Merit: 1000
@theshmadz
I'd be nervous NOT to be in right now.

I think it's prudent to be nervous on both sides of this bet right now. It's always been a risky play.

I think the decision comes down to "1- does this technology work?  2- Will it survive attack?"

If you believe both of these questions resolve to yes, then the potential returns on investment should outweigh the risk.

If you have doubts? Then your risk assessment might not allow for such a speculative play.

Personally, I think there is a significant risk of attack from within. There exists an attack vector where one person or one group becomes the incumbent contributor to the bitcoin code. If changes are not sufficiently challenged and vetted there exists a real threat that someone could be coerced to add some seemingly innocuous code (expand the blocksize to 200 MB perhaps?) Which would effectively kill the bitcoin protocol as a censorship resistant form of transferring value.

That being said, there is a group which concentrates on purifying the code and removing unnecessary cruft from the code base. Luckily, because of the nature of the consensus mechanism, it is unlikely that any change will be allowed to happen absent the approval of said group.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 910
Merit: 1000
I'd be nervous NOT to be in right now.
legendary
Activity: 1512
Merit: 1000
@theshmadz
I've been out since the end of the OKCoin ddos pump. Missed out on the rise, unfortunately, but I'm not getting burned by this downtrend either.
I've been in since the end of the $32 pump back in 2011. Missed out on nothing, fortunately, but I'm not totally immune to this downtrend either.


It would be nice to never be wrong, but I think it's ok to be wrong every now and then as long as you're right when it counts.


(Edit: I didn't mean to sound like I got it perfectly right, I just mean to say that the market can move fast and it's much better to be on the right side when it does.)
sr. member
Activity: 392
Merit: 250
this low is temporary, looks more like a panic sell to me. I'd be more worried about continuous sliding if we breach 270, that was the price when we started this last bull run.

Holding 270 would be nice, 252 and 219 weren't all that far back in the rear view mirror tho. The key right now is to withstand the few thousand coins liable to be dumped by the impatient. It will rise naturally if/when profit taking is absorbed.
sr. member
Activity: 249
Merit: 250
this low is temporary, looks more like a panic sell to me. I'd be more worried about continuous sliding if we breach 270, that was the price when we started this last bull run.
legendary
Activity: 1540
Merit: 1003
I've been out since the end of the OKCoin ddos pump. Missed out on the rise, unfortunately, but I'm not getting burned by this downtrend either.
legendary
Activity: 1512
Merit: 1000
@theshmadz
Bids growing, asks growing..... who's bluffing?  Wink

Hmmm, bluffing, - pretending - faking - posturing... a charade.

Our entire globalized, inter-connected economy is built on bluffing. It's just a whole lot of debt that can't ever be paid back and the only way forward is more debt.



So what's your take?

 Is someone who holds a large position in bitcoin bluffing the system?

Or is it the incumbent? The person who has been profiting from this fiat debt charade; the person who's livelihood depends on the continuation of the charade; the person who's fortune could be destroyed by the slightest disturbance in the status quo?

There are some hands in this game that will not be shaken out. Go ahead. Call my bluff. I'm all in.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 183
Merit: 100
TaurusBit.com Administrator
Bitfinex orderbook getting deeper both sides, interesting.



MACD and RSI looks recharged. Will it keep going up or will we break the uptrend?

sr. member
Activity: 249
Merit: 250
Hope we continue in the bull trend and continue through the $300-resistance which will confirm the new bull trend this would create large support at $300. Once confirmed the next target is $350.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2002
Merit: 1040
Bids growing, asks growing..... who's bluffing?  Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1092
Merit: 1000


After smashing into and through that little ledge so many times, Wile E. is bound to erode the geological integrity of the obstacle, one of these years...

Let's just hope his credit account with okcoin ACME Co doesn't get called.


if he is going to keep waiting then he probably won't be doing anymore smash throughs anytime soon ... lol.
sr. member
Activity: 392
Merit: 250


After smashing into and through that little ledge so many times, Wile E. is bound to erode the geological integrity of the obstacle, one of these years...

Let's just hope his credit account with okcoin ACME Co doesn't get called.
newbie
Activity: 28
Merit: 0
Prepare for a fun weekend as money hits the exchanges Wink
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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