Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22978. (Read 26709415 times)

So i guess it´s time to go all in now? If wall street ain´t scoopin up all the cheap coins then sure thing the greeks will do.
@macsga have you already convinced all your family and friends to put all their money into Bitcoin if greece should abandon the EURO 

Looks like we are just going up for now.

Coin
Explanation

Pathetic attempt from the bears... surprise surprise

I sold at $220 so we better fucking go down.

Because the US$200-210 range held the price, we have to maintain our bullish view for a short while longer though the longer we stay at the bottom of this zone the more likely it is to drop out from under us. The US$223 mark remains critical so the number one suggestion for the time being is to do nothing in the US$215 to US$230 range.

^_^

You seem a bit empathetic with Revolution stuff. I wonder who is funding ISIS? Maybe the leg of CIA into Saudi Arabia? Who gives them weapons? Ah yes. Bitcoin donations. Riiight.
Here's a nice video for you:
https://www.youtube.com/watch?v=0HVQBHQJlU4

Remember it, after the next invasion of the US into middle east for "taking care of ISIS business" you will have another one.
I know. Conspiracy theories. Right.

So you agree the Cyprus experiment with Bitcoin didn't really work out?

Viva la revolución so

Bitcoin is less volatile than Greek debt... and has a way bigger upside.  It wouldn't be the worst thing they could do.  Still not gonna happen, but there's stranger ideas out there.

You're right about that - ISIS use Bitcoin.

Greek exporting companies (who are doing very well at the moment) would just love to be associated with ISIS.

It worked out just fine for those who chose to do it.
For the record; the gullible fool you're talking to, IS a Greek and uses Bitcoin too. 

It didn't really work out, did it?

You are a gullible fool if you think the Greeks are going to start using Bitcoin.

I doubt it is. But just for the record when the ECB last year closed the liquidity vane to Cyprus banks, BTC was used as a way out of there. Doubt that it's a possible scenario for Greece too?

What about NLC?

  

usd or euro = cut your loose!

That's right. Bitcoin is the answer.

Anyway, the magnitude of the Greek economy isn't the major worry - the major worry is contagion and the impact of Greece on the Euro project and Euro unity.

Excuse me, but how do you conclude into such a verdict? Gold/Oil/GBP entangled with an economy which it's debt is a 1.3% fraction of the total EU GDP? I'm sorry to spoil it, but it's not so.

Doubt it. Bitcoin is becoming less and less significant (was it ever anything other than an ultra-volatile speculation?) as the days go by.

Bitcoin's market cap was never more than $13bn. It's struggling to stay above $3bn at the moment.

So, I think you severely overestimate Bitcoin's importance and/or influence.

The Greece leaving the Euro scenario that you talk about has already been priced in to the markets (i.e. gold, Swiss Franc, GBP, oil, etc.) Bitcoin? Are you mad?

I enjoy Varoufakis but I am very aware that he is a marxist. He has an interesting perspective. And maybe that is what Europe and Greece needs for a couple of years, just to shake things up a bit. Of course he gets hung up in imaginary problems and have a lot of blind spots, he is a marxist. He sort of reminds me of the marxist/post-marxist Slavoj Zizek, who sort of floats my boat. Not for serious philosophy, just for relaxing and playing with concepts.

https://www.youtube.com/watch?v=Maex3jW0Yw8

With regards to nanobrain, it's in the nick. But I think she's the only lady-troll here; which is nice, I guess.

May see a big spike in days to come if Greece exsits the Euro and thats starting to look likely.If that happened investors would head for the Swiss Franc as a safe haven perhaps forcing Switzerland to impose currency controls.....enter Bitcoin

Could be. But the chart doesn't lie. Bulls may have been margin called but that would have contributed to the selloff as their long liquidation would sell into market. Someone stepped in to stop the selling, cover their shorts and scoop up those coins, or else the market would have gone lower. Somebody was willing to buy in hopes to sell at a higher price later. Simple logic there.

Also important and related (and slightly off topic)... a bulls market's success is defined by how much selling (supply) is introduced into it. Conversely bear markets are successful because there is not enough buying to stop the selling and bring supply/demand into equilibrium. Now if the "Four Punch Raiders" are ultimately bullish, it makes sense to remove as much selling as possible so to not impede their pumping. They need to corner the market, essentially owning most if not all of the floating supply. When you think about this, it is logical... remove enough supply from the market--price wants to go up. Increase enough supply--price goes down. If you were bullish and trading with huge sums, you'd be annoyed if dumpers dumped into your rally too Also you wouldn't accumulate a large position out in the open, you'd do it silently, spread out over time at market bottoms. Conversely at market tops, the big money distributes slowly over time (or quickly, I've seen both) to new buyers for huge profits. When this additional supply enters the market, it crashes and the game begins again. 3600 coins introduced by miners every day is not much compared with the bats some of these guys are swinging with. And who knows what % of those 3600 coins even make it to exchanges.

I think we agree on the direction the market is ultimately headed, but in my opinion, the "Four Punch Raiders" are simply good traders who can read price/volume action, and join the other good traders on big moves. Judging from some of the sizes of their orders, they are making an absolute killing. Can't say I can complain--I have joined them. My trading lot size is not small and has increased substantially over the last few months. But that's how professional traders aim to do things, they have to accumulate from weak hands and scare the public in to selling to them, then it's easy to mark the price up later on. It's pretty predatory, but such is life. I think so many traders lose money because they simply don't know what's happening behind the scenes and don't understand why the market goes up and down so much... but watching the volume can give you a pretty good indication when the deep pockets are involved. In Wall Street these are usually pit traders, market makers, specialists--guys close to the action with great insider connections. With Bitcoin it is likely early adopters who understand the trading game, guys close to exchanges, trading syndicates, and people involved in mining circles and news sites who get market-changing announcements and rumors before anyone else.