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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22353. (Read 26609921 times)

legendary
Activity: 1078
Merit: 1441
Wide area persistent stare.

Engaged.

legendary
Activity: 1078
Merit: 1441

Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement.  Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.

Its not that much more expensive it depends where you live. A gram of coke in Australia is north of $400/g so... Plus  its tested, reviewed and most things are much higher quality than the shit you have to go meet dodgy Phil down the back of an alley way for.

Not talking about AU, US<->US.  What's wrong with you Aussies tho?  LE can't be *that* great down your way, why can't you get normal prices?



Their customs do not take kindly to you bringing fruit into the country, the gangs on the other hand can manufacture meth with relative ease with locally available ingredients. And also have a mighty large area to grow all the grass they could smoke, so therefore the gangs push meth and smoke... the pills and coke and the like are there but mighty costly.  The cost of importing is high, in part also due to isolation.

sr. member
Activity: 392
Merit: 250
I'm pretty sure it's b/c they're still indebted to some British guys
newbie
Activity: 28
Merit: 0

Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement.  Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.

Its not that much more expensive it depends where you live. A gram of coke in Australia is north of $400/g so... Plus  its tested, reviewed and most things are much higher quality than the shit you have to go meet dodgy Phil down the back of an alley way for.

Not talking about AU, US<->US.  What's wrong with you Aussies tho?  LE can't be *that* great down your way, why can't you get normal prices?

http://www.pekosgunbox.net/MadMax-021.jpg
legendary
Activity: 1078
Merit: 1441
What about North Korea? Will they be dumping too?

Do you know what you can say to North Koreans on the internet?

Anything you fucking want.

Seriously though, they do Bitcoin mining via the washing line abacus method.



sr. member
Activity: 392
Merit: 250
What about North Korea? Will they be dumping too?
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 854
Merit: 503
Legendary trader
I just got off the phone with China. New dump incoming!
legendary
Activity: 1078
Merit: 1441


Meanwhile in CHina>







That guy ^^ does not look well.... in fact he looks really quite .......
legendary
Activity: 1078
Merit: 1441

Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement.  Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.

Its not that much more expensive it depends where you live. A gram of coke in Australia is north of $400/g so... Plus  its tested, reviewed and most things are much higher quality than the shit you have to go meet dodgy Phil down the back of an alley way for.

that dodgy Phil is a right c*nt
hero member
Activity: 798
Merit: 1000

Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement.  Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.

Its not that much more expensive it depends where you live. A gram of coke in Australia is north of $400/g so... Plus  its tested, reviewed and most things are much higher quality than the shit you have to go meet dodgy Phil down the back of an alley way for.
legendary
Activity: 1232
Merit: 1011
Ouch I see shorts are almost back to 20k




 Undecided


what say you?

short squeeze incoming?

Hell if I know.  I thought for sure I would of woken up to 240's.  It's a long way back to 300 and almost 9k to 290.  Seems like 260 isn't going to hold for to much longer.  Whoever is selling is doing it a lot smarter by letting the bids recover a bit.

I don't know anything anymore, it's just crazy we have so many longs at a crappy rate and that is what worries me.



dude, I was being sarcastic.
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"

I totally agree, it's just been a lot of bear grumbling here today so I thought perhaps you had something to add.

Although I see some of the signs of this going to smack to the ground, there are things that makes me feel like we are being played here.
If you look at the movement (http://bfxdata.com/combined/btc.php) from 20.00 to 24.00 on the 19th of March, which is followed by dead silence, that looks... And the sentiment at the time from everyone who is dead sure now was "WTF???", which tells me we might be staring at a trap, hopefully for bears.

Then again, I really want this thing to go through the roof so I am quite biased.



just to note: those scales are arbitrary, if you zoom out picture looks different
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
Ouch I see shorts are almost back to 20k




 Undecided


what say you?

short squeeze incoming?

Hell if I know.  I thought for sure I would of woken up to 240's.  It's a long way back to 300 and almost 9k to 290.  Seems like 260 isn't going to hold for to much longer.  Whoever is selling is doing it a lot smarter by letting the bids recover a bit.

I don't know anything anymore, it's just crazy we have so many longs at a crappy rate and that is what worries me.
newbie
Activity: 28
Merit: 0

There is more than 1 darknet marketplace, people will just do what they did when SR got shut down, move to another.

Bitcoiners are happy to pay x2 - x10 more for drugs, as long as they can do it without leaving their basement.  Repeatedly losing *all* their coin is just an added bonus.
Dealers, OTOH, learn from their mistakes.
legendary
Activity: 1232
Merit: 1011
hero member
Activity: 798
Merit: 1000
Seals with Clubs back in operation.  More demand for BTC by gamblers.

http://btcfeed.net/reviews/swc-poker-back-and-better-than-ever/



Evo gone.  Less demand by druggies Sad

It's the circle of life...

There is more than 1 darknet marketplace, people will just do what they did when SR got shut down, move to another.
legendary
Activity: 1078
Merit: 1441
Some choose to not believe anything that anyone says.



And what do you say?

(you gotta be highly suspicious of the group that shout the loudest, especially if they are pretending to be do-gooders out to "help and inform you" they claim they are not effected in anyway, but just on a mission to convince you of their truth. Empires have always claimed to be bringing civilisation to the savages, for their own betterment of course)

TL/DR Trust NO ONE

This involves the danger of being isolated and -believe me- this won't help you evolve (not personally speaking). A group of "not so trusted" people are much better than a "trusted" one when it comes to progress. Besides, all the great achievements are based on a "quantum leap of faith". Yes, there's the danger of you getting burned by your "entrusted" ones, but imho, it worths the risk.

You can take on information without 100% trusting what any outside source TELLS (or invites) you to believe.

Then you have the best of all worlds.

I totally agree, it's just been a lot of bear grumbling here today so I thought perhaps you had something to add.

Although I see some of the signs of this going to smack to the ground, there are things that makes me feel like we are being played here.
If you look at the movement (http://bfxdata.com/combined/btc.php) from 20.00 to 24.00 on the 19th of March, which is followed by dead silence, that looks... And the sentiment at the time from everyone who is dead sure now was "WTF???", which tells me we might be staring at a trap, hopefully for bears.

Then again, I really want this thing to go through the roof so I am quite biased.


Medium term I see

R3 334
R2 303   
R1 276   

P  261

(250)

S1 245   
S2 220   
S3 186   
S4 163

(broad strokes ^ I do of course see other possible smaller resistance levels between 276-303-334 etc)

Short term I think we are being led by the nose, I do not trust the order books or charts, feels like something is afoot, maybe a mini spike followed by a mini dump... all depends on how 250 holds up.

Personally I am stocked up, and in position, for a move eitherway,  have dry power IF we dip below and break 250. Then I will be looking for first entry point 220-230 ish for a short term trade.

I have a leverage long position open from 252, already taken some profit, and if we dip to 259 it will close out, and I will look for re-entry further down, and will pop in fresh fiat if we convincingly break below 250, if we head down towards 200 I will throw money at it. If we go minus $200 I am in position with fresh fiat to catch the knife at several stops on the way down, both to add to stash, and attempt to catch deep dips with leverage longs. To the upside, I will consider taking 2nd profit stop at 270-272 , depending on how we get there. Then look to reconsider, if we break 270 convincingly I may keep her running and add to the position for a short term trade, looking to run on 300 again.

Long term, waiting to see if we have had the bottom or if we are going to paint in another low before a leg up.

Holding 70% stash in cold storage + some out on loan + Tarding with 10%

Looking for news over the next few weeks.


(Also if the stock markets, bond markets and the dollar, euro, do not chuck a total fit this year, I will eat my fucking hat)





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