Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22489. (Read 26608330 times)

legendary
Activity: 1512
Merit: 1005
Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp  Roll Eyes ) can have such catastrophic effect...growing pains

Very true. In the fiat world, Gox would have been "too big to fail", received a big bucket of taxpayer money and continued to lose its customers' money out the side-door.

Instead we just pick up and move on and make things better. The way it should be.

The final Goxxing was sad for the people involved (but hey at least money is all they lost!) but it underlines an important point about Bitcoin: if you mess up, there will be no bailouts. Finally full responsibility returns to the individual instead of residing with illusory promises like FDIC insured bank accounts. What this does is force the individual to become better at handling this responsibility. This is something we want, right?


Yes, that is what I want. I think we can show that after some learning, the free, unregulated market will function better and more fairly.
legendary
Activity: 1133
Merit: 1163
Imposition of ORder = Escalation of Chaos
Actually i think gox was literally the case of what doesn't kill you makes you stronger. Gox was pretty much THE BTC exchange, and sort of had a monopoly and could (did) even set the price. It was ironic to have one centralized exchange thus one point of failure. And it did fail, BTC price took a hit, but now we're up to what like 5 "major" exchanges, and now no one exchange failure can (stamp  Roll Eyes ) can have such catastrophic effect...growing pains

Very true. In the fiat world, Gox would have been "too big to fail", received a big bucket of taxpayer money and continued to lose its customers' money out the side-door.

Instead we just pick up and move on and make things better. The way it should be.

The final Goxxing was sad for the people involved (but hey at least money is all they lost!) but it underlines an important point about Bitcoin: if you mess up, there will be no bailouts. Finally full responsibility returns to the individual instead of residing with illusory promises like FDIC insured bank accounts. What this does is force the individual to become better at handling this responsibility. This is something we want, right?
legendary
Activity: 1484
Merit: 1002
Strange, yet attractive.
hero member
Activity: 896
Merit: 1000
i mean i feel like we're bound to go up
but it's very hard to keep myself from selling btc to loan out the usd at 95% apr
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1792
Merit: 1047
full member
Activity: 179
Merit: 100
being sideways at 290-300 is far better than being in a full on bear market for 15 months.


People should also take note that there is global uneasiness with the general economy of the world. While many of those equities markets have shaved off few % points, and lost billions in value (incl. gold), bitcoin has risen along with very bullish outside indicators (finra, 21, tmobile, etc.)

Gist being, investors have taken quite a bit of a beating the last few weeks globally, and we're supposed to sit here and convince them that investing in bitcoin is more preferable than sitting on the sideline or staying in traditional investment vehicles? Not... happening.


Being sideways for a month or two while the traditional equities markets continue to shave off points little by little might be the best thing for bitcoin. It would be a compelling narrative leading up to a SEC/DOJ decision on the etf, gemini, or a major tech company fully integrating bitcoin into its platform.
legendary
Activity: 1092
Merit: 1000
i think we have reached our peak already for this pump. dump time again.



pretty sure we're going sideways for probably least six more weeks and maybe longer.

there are reasons for this why bitcoin cant go up or down atm .

LMFAO


 Grin
legendary
Activity: 1904
Merit: 1037
Trusted Bitcoiner
i think we have reached our peak already for this pump. dump time again.



pretty sure we're going sideways for probably least six more weeks and maybe longer.

there are reasons for this why bitcoin cant go up or down atm .

LMFAO
legendary
Activity: 1092
Merit: 1000
i think we have reached our peak already for this pump. dump time again.



pretty sure we're going sideways for probably least six more weeks and maybe longer.

there are reasons for this why bitcoin cant go up or down atm .
legendary
Activity: 1862
Merit: 1009
i think we have reached our peak already for this pump. dump time again.


no.

we are about to break 300 again.


And this time with no moon countdowns
hero member
Activity: 728
Merit: 500
i think we have reached our peak already for this pump. dump time again.


This is what I like.  No Newbie jail?? Fine.  We can handle the flayings and executions ourselves.
full member
Activity: 227
Merit: 103
Have faith.
i think we have reached our peak already for this pump. dump time again.

What chart are you watching?!
he is thinking not watching a chart
hero member
Activity: 559
Merit: 500
i think we have reached our peak already for this pump. dump time again.
legendary
Activity: 1246
Merit: 1000
103 days, 21 hours and 10 minutes.
i think we have reached our peak already for this pump. dump time again.

What chart are you watching?!

The chart thats upside down

 Roll Eyes
hero member
Activity: 742
Merit: 500
Circle gets the Square
i think we have reached our peak already for this pump. dump time again.

What chart are you watching?!
newbie
Activity: 26
Merit: 0
i think we have reached our peak already for this pump. dump time again.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
hero member
Activity: 924
Merit: 1000


PS: preliminary support
SC: selling climax
AR: automatic reaction
SC: secondary test
LPS: last point of supply
SOS: sign of strength

Richard Wyckoff wrote numerous times about the power of rising bottoms in a trading range. The story goes that the "composite man" (or the sum action of all professional interests in the stock) begins accumulating after the SC but is willing to play both sides of the market in order to amass an increasing line of stock from the weak hands. As the range plays out, there is decreasing available supply of stock to propel the price downwards, resulting in rising bottoms. Once the supply is dried up, the price will break out of the range and a markup campaign begins, led by the composite man.
hero member
Activity: 559
Merit: 500
On 1hr charts, looks like handle is about to form on cup.
up we go Wink
Jump to: