Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22010. (Read 26607973 times)
April 14, 2015, 03:22:42 AM
April 14, 2015, 03:14:03 AM
So we bounced off the 61.8 fib line
Still shaky to open a long but if that holds, this whole thing could just be an abc elliot wave which could take us much higher?
Still shaky to open a long but if that holds, this whole thing could just be an abc elliot wave which could take us much higher?
Does anyone else here like using the golden ratio in bitcoin, or am I just being delusional before the drop to double digits?
Forget the golden ratio, its a golden shower you should be thinking of now.
April 14, 2015, 03:09:22 AM
who is with me holding and buying? 
EDIT: **** YOU BEARS
EDIT: **** YOU BEARS
I get the feeling the horses are the entrepreneurs in that picture.
April 14, 2015, 03:07:59 AM
Oil company sells bonds to raise cash, hedging exposure @$80pb. Now if the price drops below $80pb the company is insured but who picks up the loss? Sure, the original bank who took on the risk but they've also sold part of it on down the line. It may be a Swedish pension fund, a Chinese investment company, an Italian managed fund etc, a Saudi SWF.
Smaller, poorer US taxpayers is who. Wasn't AIG the No.1 player in CDS insurance? Insurance is such a profitable business when you can stick your losses on someone else.
Quote from: tabnloz
But it's possible that in this scenario people go only to cash, or collectibles or gold and shun bitcoin. Who knows? But Bitcoin is certainly out there, not wildly popular but on the conscious fringe of society; a global immutable, trustless, decentralised ledger "secured" by a digital token. Fair play if you want to talk down its chances, but it is at least worth having a small stake; the risk / reward ratio is high.
If it can keep its act together, than yes. Its worth a flutter. But I dont see a global meltdown being the 'big event' for bitcoin. More a gradual acceptance that builds until it hits its 'tipping point'. Ofcourse, after someone figures out a way to allow ordinary citizens to use it without needing to understand it.
April 14, 2015, 03:07:06 AM
who is with me holding and buying?
EDIT: FUCK YOU BEARS
EDIT: FUCK YOU BEARS
April 14, 2015, 03:03:07 AM
I dont think well go to below $ 170 , even if it can go , it cant stay there for a week and will back to $ 200.
Plenty of people said a few months ago that 'even if we go below $275, we'll be back to 300 in no time."
Wake up.
also plenty of people predicted exactly this scenario...so...
April 14, 2015, 03:01:03 AM
I dont think well go to below $ 170 , even if it can go , it cant stay there for a week and will back to $ 200.
Plenty of people said a few months ago that 'even if we go below $275, we'll be back to 300 in no time."
Wake up.
April 14, 2015, 02:58:27 AM
April 14, 2015, 02:53:02 AM
Will it break 209 resistance by morning? Very possible.
April 14, 2015, 02:48:51 AM
this is sad.
April 14, 2015, 02:05:10 AM
very last bit support at 210 and our last hope 
if its broken may we goto 168 ?
if its broken may we goto 168 ?
I dont think well go to below $ 170 , even if it can go, it cant stay there for a week and will back to $ 200.
We have to have more faith in bitcoin right now. This is important for the coin.
April 14, 2015, 02:05:06 AM
Whales will start buying rather soon, bears will remain hodling a bag. 
April 14, 2015, 02:00:17 AM
very last bit support at 210 and our last hope
if its broken may we goto 168 ?
if its broken may we goto 168 ?
April 14, 2015, 01:58:33 AM
April 14, 2015, 01:17:47 AM
Probably double bottom. Next could be pennant or triangle. We should see rebound to 233-250$ then new leg down.
April 14, 2015, 01:14:29 AM
220 falling
Edit: someone on finex doesn't want to let go yet
Back to 222$. Edit: someone on finex doesn't want to let go yet
Do we hope to see it rising back to 250+ again within two weeks?
April 14, 2015, 12:59:06 AM
Currently everything is fine.. world markets are performing good.. mostly everyone is upbeat. people will rush to bitcoin ( its unfortunate but true ) when markets turn bear/ crash and they run to gold etc..
So in a flight to stability, the general public will sell fiat, stocks, and bonds into bitcoin exposure. Just, no. At least not for a long while and after huge technical developments, maybe never.
Not a flight to stability because bitcoin is not stable
. But if we see a large sovereign default or similar crisis the public may find it difficult to even be able to offload anything in a hurry. There should though, be a flight to considered safety, ie without counterparty risk. Derivative products, toxic MBS's, debt loads are globally connected through financial institutions. Think of Toxic MBS's in '08. Housing was the crack in the excessive risk taking / debt in the system. One asset that saw a rise was Gold, as tradition would dictate. Perhaps this time the crack will be something like Oil Junk Bonds - Oil company sells bonds to raise cash, hedging exposure @$80pb. Now if the price drops below $80pb the company is insured but who picks up the loss? Sure, the original bank who took on the risk but they've also sold part of it on down the line. It may be a Swedish pension fund, a Chinese investment company, an Italian managed fund etc, a Saudi SWF.But it's possible that in this scenario people go only to cash, or collectibles or gold and shun bitcoin. Who knows? But Bitcoin is certainly out there, not wildly popular but on the conscious fringe of society; a global immutable, trustless, decentralised ledger "secured" by a digital token. Fair play if you want to talk down its chances, but it is at least worth having a small stake; the risk / reward ratio is high.
April 14, 2015, 12:58:32 AM
April 13, 2015, 11:58:27 PM
April 13, 2015, 11:40:10 PM
$110-170 is just for the electricity, you forgot rent and maintenance, security guard and profit. dont ever forget the profit.
There's been a slight blurring of things over the last year. Often(always) the hardware manufacturers themselves run big mines. They can pay for the facility rent/construction with hardware sales to retail. My projection would be much lower if I wasn't factoring that in.
I've got some coins I'm willing to ride till the end, or the beginning. But people should be careful walking that line of what they can afford to loose™.
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