Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23633.

DaRude

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In order to dump coins one must have coins

Quote from: Richy_T on January 11, 2015, 07:57:48 PM

Quote from: ?? on ??

Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.

That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment)

Not if you bought your equipment which is a sunk cost. At which point you already down on your investment and just keep running as long as cost of electricity < mined BTC.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: BlindMayorBitcorn on January 11, 2015, 08:26:30 PM

Not sure about NLC but there is a small army of Ripple shills now. I bet they pay their trolls in BTC Wink

Let's see. At $268 per bitcoin, fifty cents works out to about 186,567 satoshis.

Nose to the grindstone.

ChartBuddy

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Bitfinex

Bitstamp

Explanation

BlindMayorBitcorn

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Quote from: Fatman3001 on January 11, 2015, 08:30:51 PM

Nice little chart if you want to explain Bitcoin to anyone.

http://www.economist.com/blogs/graphicdetail/2015/01/daily-chart-3

I'd suggest waiting until it bottoms before trying to explain it to anyone...

We are the pioneers destined for these arrows Embarrassed

Fatman3001

legendary

Activity: 1554

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Make Bitcoin glow with ENIAC

Nice little chart if you want to explain Bitcoin to anyone.

http://www.economist.com/blogs/graphicdetail/2015/01/daily-chart-3

BlindMayorBitcorn

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Activity: 1260

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Quote from: JimboToronto on January 11, 2015, 08:18:28 PM

Quote from: BlindMayorBitcorn on January 11, 2015, 05:10:20 PM

Quote from: NotLambchop on January 11, 2015, 05:01:32 PM

Quote from: JimboToronto on January 11, 2015, 04:56:43 PM

...
I try to maintain a balanced outlook, but permabears can be so ridiculous I have to laugh at them.

If permabulls were anywhere near as foolish, I'd laugh at them too.

-Same tired old out-of-context quote from last spring-

Was this book talk?

More like prevailing sentiment at that time.

Kinda like the currently accepted "wisdom" that Bitcoin is destined to fall to double or single digits.

Time will tell.
_______

Trollchop knows I have her on ignore so I can only guess at her feeble attempts to discredit my posts. The fact that she posted this old crap yet again speaks volumes.

Does she still post thorazine ads and make references to incontinence?

LOL Absolutely pathetic.

Roll Eyes

Not sure about NLC but there is a small army of Ripple shills now. I bet they pay their trolls in BTC Wink

Richy_T

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Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: Fatman3001 on January 11, 2015, 08:01:07 PM

Quote from: Richy_T on January 11, 2015, 07:57:48 PM

Quote from: ?? on ??

Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.

That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment)

If you rent space to run the equipment or pay for a hosting service, that might not be a good option.

Sure, there is an inertia to it.

JimboToronto

legendary

Activity: 4242

Merit: 5039

You're never too old to think young.

Quote from: BlindMayorBitcorn on January 11, 2015, 05:10:20 PM

Quote from: NotLambchop on January 11, 2015, 05:01:32 PM

Quote from: JimboToronto on January 11, 2015, 04:56:43 PM

...
I try to maintain a balanced outlook, but permabears can be so ridiculous I have to laugh at them.

If permabulls were anywhere near as foolish, I'd laugh at them too.

-Same tired old out-of-context quote from last spring-

Was this book talk?

More like prevailing sentiment at that time.

Kinda like the currently accepted "wisdom" that Bitcoin is destined to fall to double or single digits.

Time will tell.
_______

Trollchop knows I have her on ignore so I can only guess at her feeble attempts to discredit my posts. The fact that she posted this old crap yet again speaks volumes.

Does she still post thorazine ads and make references to incontinence?

LOL Absolutely pathetic.

Roll Eyes

billyjoeallen

legendary

Activity: 1106

Merit: 1007

Hide your women

Quote from: JamesBrown on January 11, 2015, 07:58:46 PM

So no 200$ Bottom prediction, just this pattern to no end?

The pattern repeats, but it gets flatter each time. It is my hope that by exposing it, there will be so much demand for coins to front-run the pattern that we can stop it, but eventually it has to stop anyway as diminishing returns will have to yield to fundamentals at some point.

We can beat them by joining them and then defecting from the cartel at the most opportune time. This will be on the retest of whatever the new low will be in the low low $200s (AFTER the next cycle). An extremely rich person can do it now on the retest of $255 support, but I don't have anywhere close to enough clout to even attempt it myself.

derpinheimer

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Activity: 896

Merit: 1000

Quote from: Richy_T on January 11, 2015, 08:10:49 PM

Quote from: pjviitas on January 11, 2015, 05:13:43 PM

Why all the conspiracy theories...is it possible that there are simply more sellers than there are buyers?

What does this even mean? It's a nonsense phrase and people need to stop using it.

Pretty obvious what it means. Yes, its easy to forcefully misinterpret, but that's your choice.

Richy_T

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Activity: 2674

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1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: pjviitas on January 11, 2015, 05:13:43 PM

Why all the conspiracy theories...is it possible that there are simply more sellers than there are buyers?

What does this even mean? It's a nonsense phrase and people need to stop using it.

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: empowering on January 11, 2015, 05:12:17 PM

I think what this thread needs is a maybe 20 or 30 more trolls and their sock puppet accounts.....

I do think it would be interesting if Blitz would have a word with theymos and put up a list of usernames posting from the same IP address.

JamesBrown

member

Activity: 98

Merit: 10

Quote from: Richy_T on January 11, 2015, 07:57:48 PM

Quote from: ?? on ??

Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.

That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment)

Being able to fastly switch off and on at low cost is something easy for the small miner and more expensive for the bigger miner (if not impossible, almost as if he is pushed to bad decisions and implosion).
Then on the other hand bigger players must hav eexpected this situation, there was even some interview at cointelegraph about that. They also have longer runway.
or maybe Im wrong?

billyjoeallen

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Activity: 1106

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Hide your women

Quote from: ?? on ??

I think we're in a "fake crash phase"... Someone is slowly closing his shorts.

There is ~ a 20% chance that $355 will hold on a retest. I hope it does, bit I am not optimistic. I would be closing margin short positions now myself, but I already did that. Volume tells the story and in my opinion there wasn't nearly enough volume off of the $255 bounce for that to be a true bottom. It will almost certainly be retested and likely won't hold.

I think we have maybe a week until the big crash. Could be sooner, could be longer, could be never, but a good boy scout is always prepared.

Fatman3001

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Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: Richy_T on January 11, 2015, 07:57:48 PM

Quote from: ?? on ??

Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.

That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment)

If you rent space to run the equipment or pay for a hosting service, that might not be a good option.

ChartBuddy

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Bitfinex

Bitstamp

Explanation

JamesBrown

member

Activity: 98

Merit: 10

Quote from: billyjoeallen on January 11, 2015, 07:50:36 PM

Quote from: JamesBrown on January 11, 2015, 07:37:36 PM

Quote from: billyjoeallen on January 11, 2015, 07:18:22 PM

Quote from: billyjoeallen on January 09, 2015, 11:11:51 PM

PATTERN BETTING

I dunno who the heavy hitter(s) is/are, but they've become very predictable.

If the Four Punch raiders are still in control of this market (I think they prolly are), we're going to see a long squeeze before the next short squeeze. Even if you are margin long, make it an ass-load of margin. With cascading margin calls and forced liquidations (such as at $400, $340, and $275), I would make sure your long liquidation price is at least as low as $200 and prolly a little more just in case. Remember, all you have to do is survive the long squeeze, go full-on stupid margin long after the bottom, ignore or slightly trade the pause and then wait for the short squeeze to close your long, go margin short, don't fall for the second bounce, ride the next crash and then cover at a price slightly higher than the previous low (I'm guessing ~$222), withdraw10 percent of your profits to pay for hookers and blow, put in a bunch of bottom-feeding limit orders under that, rinse and repeat.

These guys could easily be doubling up every time the pattern repeats and it has repeated four times so far. That means they have ~16 times as much market clout as they did when they first crashed the market.

PATTERN:
CRASH (long squeeze)
BOUNCE
PAUSE (fake rally then fake crash)
SPIKE (short-squeeze)
SECOND BOUNCE
Complete dissipation of all upward momentum.

We are in the crash phase.

Who are the Four Punch raiders and how do I go margin long under present conditions?

You shouldn't be margin long right now. I mean IF you are stuck margin long, post a shit-ton of extra margin to keep from being force liquidated, because a lot of people are going to get wiped out soon. If you can't do that, cut your losses by selling enough now to keep the margin call of your leveraged long position UNDER $200.

There will be an extremely high volume crash to ~ $200-$222 followed by a bounce into the high $200s, a side step lower and then a short squeeze. Don't go margin long until AFTER the bottom on the way back up.

So no 200$ Bottom prediction, just this pattern to no end?

Quote from: ?? on ??

I think we're in a "fake crash phase"... Someone is slowly closing his shorts.

Does it really matter? Its not like we are going past 320 anytime soon

Richy_T

legendary

Activity: 2674

Merit: 2373

1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k

Quote from: ?? on ??

Yeah. Would say that many are mining with loss by now. They simply mine and hold hopping the price will go back up.

That would be silly. It would be better to switch off their equipment and buy bitcoin at that point (and arguably better just to switch off their equipment)

Fatman3001

legendary

Activity: 1554

Merit: 1014

Make Bitcoin glow with ENIAC

Quote from: cbeast on January 11, 2015, 07:50:33 PM

YEAH!!! Go Jean-Luc!!!

billyjoeallen

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Activity: 1106

Merit: 1007

Hide your women

Quote from: JamesBrown on January 11, 2015, 07:37:36 PM

Quote from: billyjoeallen on January 11, 2015, 07:18:22 PM

Quote from: billyjoeallen on January 09, 2015, 11:11:51 PM

PATTERN BETTING

I dunno who the heavy hitter(s) is/are, but they've become very predictable.

If the Four Punch raiders are still in control of this market (I think they prolly are), we're going to see a long squeeze before the next short squeeze. Even if you are margin long, make it an ass-load of margin. With cascading margin calls and forced liquidations (such as at $400, $340, and $275), I would make sure your long liquidation price is at least as low as $200 and prolly a little more just in case. Remember, all you have to do is survive the long squeeze, go full-on stupid margin long after the bottom, ignore or slightly trade the pause and then wait for the short squeeze to close your long, go margin short, don't fall for the second bounce, ride the next crash and then cover at a price slightly higher than the previous low (I'm guessing ~$222), withdraw10 percent of your profits to pay for hookers and blow, put in a bunch of bottom-feeding limit orders under that, rinse and repeat.

These guys could easily be doubling up every time the pattern repeats and it has repeated four times so far. That means they have ~16 times as much market clout as they did when they first crashed the market.

PATTERN:
CRASH (long squeeze)
BOUNCE
PAUSE (fake rally then fake crash)
SPIKE (short-squeeze)
SECOND BOUNCE
Complete dissipation of all upward momentum.

We are in the crash phase.

Who are the Four Punch raiders and how do I go margin long under present conditions?

You shouldn't be margin long right now. I mean IF you are stuck margin long, post a shit-ton of extra margin to keep from being force liquidated, because a lot of people are going to get wiped out soon. If you can't do that, cut your losses by selling enough now to keep the margin call of your leveraged long position UNDER $200.

There will be an extremely high volume crash to ~ $200-$222 followed by a bounce into the high $200s, a side step lower and then a short squeeze. Don't go margin long until AFTER the bottom on the way back up.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 23633. (Read 26712678 times)