seems like go down to 230 and then back to 241 , last month branch
weekends now are pump time, not dump time, like used to be somewhere in the past
Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 21792. (Read 26608487 times)
May 06, 2015, 05:44:44 AM
seems like go down to 230 and then back to 241 , last month branch
weekends now are pump time, not dump time, like used to be somewhere in the past
May 06, 2015, 05:41:39 AM
I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week.
Most of the trade volume at the big Chinese exchanges is probably robot trading. However, are the robot owners "wall street", or just individual day-traders who code their own robots? Is the liquidity there sufficient for "wall street" to be interested?
I would think that the Western exchanges like Bitstamp have so little liquidity and so much spread that not even "cottage robots" would find them worth the trouble. Is that so?
Jorge's troll posts don't make me laugh anymore
Need more BTC at cheap price I guess. Jorge you should work harder to FUD, seriously
That's a fairly obvious fishing post, although, as you say, not as colourful as before. He's expecting some well-intentioned nerd to respond, only to bombard him/her with text. And as nerds we keep entertaining him. If only they could ban him.
May 06, 2015, 05:23:30 AM
I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week.
Most of the trade volume at the big Chinese exchanges is probably robot trading. However, are the robot owners "wall street", or just individual day-traders who code their own robots? Is the liquidity there sufficient for "wall street" to be interested?
I would think that the Western exchanges like Bitstamp have so little liquidity and so much spread that not even "cottage robots" would find them worth the trouble. Is that so?
Jorge's troll posts don't make me laugh anymore
Need more BTC at cheap price I guess. Jorge you should work harder to FUD, seriously
May 06, 2015, 05:19:40 AM
seems like go down to 230 and then back to 241 , last month branch
May 06, 2015, 04:57:58 AM
May 06, 2015, 04:53:12 AM
You ignore Chartbuddy?
I consider Richy_T's bot to be perhaps the most valuable poster here.
To group it in with a bunch of trolls is unfair IMHO.
Don't anthropomorphize bots. They don't like it I consider Richy_T's bot to be perhaps the most valuable poster here.
To group it in with a bunch of trolls is unfair IMHO.
Ignoring somebody is not value statement or token of (un)appreciation, but matter of convenience. When I want to look at Chartbuddy, i do.
exactly! When i want to read dull posts about coffee, i do.
hence ignoring jimbo for a while - minimizing the pointlessness makes for a brighter day, always!
With superior posts like that, who could argue with you?
May 06, 2015, 04:09:01 AM
I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week.
Most of the trade volume at the big Chinese exchanges is probably robot trading. However, are the robot owners "wall street", or just individual day-traders who code their own robots? Is the liquidity there sufficient for "wall street" to be interested?
I would think that the Western exchanges like Bitstamp have so little liquidity and so much spread that not even "cottage robots" would find them worth the trouble. Is that so?
May 06, 2015, 04:03:16 AM
Correct, it is a slow build up from now one. The Bears are slowly transforming into Bulls!
- Mayer Amschel
- Mayer Amschel
May 06, 2015, 03:58:00 AM
May 06, 2015, 03:50:25 AM
After such long, unexpected and exhausting bear stretch I'm just afraid to be an optimist.
Being cynical simply to avoid ridicule is the way of the coward. Rejoice and praise the rocket gifs! We are going to da blimmin mooooon!!!!
Also, I'm a miner so I don't really have a choice.
As for "no choice", remember: Even if you are swallowed, you still have two exits.
No one is going to be churned up in the guts of anything. Stop being so negative all the time!
I'm NOT sure about whether the question is about being too negative or NOT... It just seems that the reality of the matter is that we are going to need to see quite a few changes in market dynamics to reverse the bear trend.
Surely, if BTC prices were to double, then a lot of press would come to BTC, and maybe we could continue the upward price trajectory.... on the other hand, now-a-days, as compared with 18 months ago, there are a lot more market mechanisms that allow the shorting of bitcoin... and therefore, it seems that people do NOT even need to hold bitcoin in order to bet against them (or to sell them)... In that regard, seems like that there is some fractional reserve banking going on in the bitcoin world (which seems to be contrary to the public ledger and contrary to the original blockchain design of BTC).
It seems possible that some day, bitcoin market mechanisms will be created that will recognize more value to those people who actually hold actual bitcoins.... but at this point, there seems to be too much diluting of the value of bitcoin going on which seems to be causing downward price pressures, including keeping these prices in the $200s territory for more than 4 months.
Shorting does not hurt an asset's long term value. Shorts all have to cover at some point and that can be instrumental in halting a crash. Also, if the short-sellers gets squeezed, it can be a huge spike. There is no evidence of naked shorts (people selling coins that don't exist) and if it's happening at all it is being done by the exchanges themselves and they have no incentive to do this. They all explicitly claim they don't do or allow naked shorts.
What we are seeing is relative stability. Bitcoin has traded in the same $150 range for over four months, a situation that hasn't happened in years. This is a very good thing as it draws in investors who get frightened off by excessive volatility. Generally speaking investors buy and hold while traders pump and dump.
May 06, 2015, 03:44:11 AM
I think the take away from that article is this:
I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week. Additionally, the presence of professional traders in the market should be seen as merely a reinforcement of bitcoins underlying value as an exchange of value - not a get rich quick token. we should use this news as an excuse to further the acceptance and use of bitcoin by the general public. Lets have a thinner, less technical entry point for Joe Public.
If we could combine this greater interest in the market, with a greater interest from the public ( and end the scams) then I think we can comfortably start to say:
This is gentlemen.
Quote
But to be perfectly clear these HFT/algo hedge funds make their money on the order flow not the fundamental appreciation of the underlying security
I think anyone who thinks that "wall street' wants to buy bitcoin because Moon need to keep the above in mind. As long as there is enough volatility and volume, they will make money, much the same way as any disinterested day trader can ( and has) made money on the weekly 240 - 220 cycles we see every week. Additionally, the presence of professional traders in the market should be seen as merely a reinforcement of bitcoins underlying value as an exchange of value - not a get rich quick token. we should use this news as an excuse to further the acceptance and use of bitcoin by the general public. Lets have a thinner, less technical entry point for Joe Public.
If we could combine this greater interest in the market, with a greater interest from the public ( and end the scams) then I think we can comfortably start to say:
This is gentlemen.
May 06, 2015, 02:59:25 AM
A nice read:
Bitcoin -- The Virgin Sacrifice
www.reddit.com/r/BitcoinMarkets/comments/350xon/bitcoins_virginity_benjamins_big_short_the_drw/
Bitcoin -- The Virgin Sacrifice
www.reddit.com/r/BitcoinMarkets/comments/350xon/bitcoins_virginity_benjamins_big_short_the_drw/
Nice indeed!
May 06, 2015, 02:57:58 AM
May 06, 2015, 02:21:02 AM
A nice read:
Bitcoin -- The Virgin Sacrifice
www.reddit.com/r/BitcoinMarkets/comments/350xon/bitcoins_virginity_benjamins_big_short_the_drw/
Bitcoin -- The Virgin Sacrifice
www.reddit.com/r/BitcoinMarkets/comments/350xon/bitcoins_virginity_benjamins_big_short_the_drw/
May 06, 2015, 01:58:03 AM
May 06, 2015, 12:57:56 AM
May 06, 2015, 12:38:27 AM
Well, there's a Greek saying that goes like this:
"Among the funny things, pretty serious things are spoken"
Except you don't believe in "conspiracy theories"... Here's a nice one for you then.
If you ask me, yes; I believe that Greece should be the 1st one to incorporate BTC as a second currency. This way Gresham's law will take over and the debt will be eliminated (BTC=Non inflationary, EUR=inflationary). One after another the other -in debt- countries will follow... EU will be the 1st continent to test the new digital currency as it was the 1st one to test the EURO.
Too crazy to be real?
Remember: Fantasy has limits; Reality has not.
Generally, it's bad idea for a state to switch from fiat to bitcoin: they wouldn't be able to print money anymore. While printing money is important (and sometimes even major) part of their income. All states prefer fiat to bitcoin. However, a state-traitor that adopts bitcoin first, would reap huge benefits of it's to-the-moon rise. IMO, the time for it has not come yet, but in a year or two ..."Among the funny things, pretty serious things are spoken"
Except you don't believe in "conspiracy theories"... Here's a nice one for you then.
If you ask me, yes; I believe that Greece should be the 1st one to incorporate BTC as a second currency. This way Gresham's law will take over and the debt will be eliminated (BTC=Non inflationary, EUR=inflationary). One after another the other -in debt- countries will follow... EU will be the 1st continent to test the new digital currency as it was the 1st one to test the EURO.
Too crazy to be real?
Remember: Fantasy has limits; Reality has not.
Unfortunately you're right. Nevertheless, Greece (and any EU country, AFAIK) cannot "print" money anyway. Only ECB & M. Draghi can. In any case I too believe the catalyst will be the country adoption, not the coin itself. I agree that it's a bit early to see such a move right now; but still...
May 06, 2015, 12:29:34 AM
You ignore Chartbuddy?
I consider Richy_T's bot to be perhaps the most valuable poster here.
To group it in with a bunch of trolls is unfair IMHO.
Don't anthropomorphize bots. They don't like it I consider Richy_T's bot to be perhaps the most valuable poster here.
To group it in with a bunch of trolls is unfair IMHO.
Ignoring somebody is not value statement or token of (un)appreciation, but matter of convenience. When I want to look at Chartbuddy, i do.
May 05, 2015, 11:58:26 PM
May 05, 2015, 11:02:47 PM
You ignore Chartbuddy?
I consider Richy_T's bot to be perhaps the most valuable poster here.
To group it in with a bunch of trolls is unfair IMHO.
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