Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24493.

JorgeStolfi

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Quote from: galdur on November 17, 2014, 07:35:06 AM

So, why doesn´t BTC have any volume to speak of ?
What keeps big investors off ?
Is it the totally unregulated and scam-ridden marketplace ?
Is it the primitive "exchanges" , which may or may not
exist tomorrow ?

All that helps, but the main reason that turns people off bitcoin seems to be the absence of backing assets and dividends.

Big (and small) investors do not like to spend their money buying nothings, even if they are assured that no one can steal those nothings from them (well, except hackers and the FBI), and are told that last year some Chinese amateur speculators were willing to pay 1200$ each for them.

noobtrader

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Quote from: Tzupy on November 17, 2014, 09:53:50 AM

Quote from: ShroomsKit on November 17, 2014, 09:28:41 AM

...
No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers.

The resistance at 420$ comes from October. When it was broken, it became support, and then support broken became resistance again, at least short term.

the real resistance is 450, we pass 420 easy.

Tzupy

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Quote from: ShroomsKit on November 17, 2014, 09:28:41 AM

...
No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers.

The resistance at 420$ comes from October. When it was broken, it became support, and then support broken became resistance again, at least short term.

Richy_T

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Quote from: N12 on November 17, 2014, 07:30:46 AM

What I'm saying is there's a link between Bitcoin market cap and market cap of companies that deal exclusively or mainly in Bitcoin. So that if there were twenty (hell, ten or five would be sufficient as well due to synergy and other factors besides companies) Coinbases and they were valued the same, then one can definitely argue that Bitcoin is undervalued.

In this age of rampant "quantitative easing", I would rather argue that Coinbase is over-valued (note that this is not a slight against Coinbase).

Phillis

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Quote from: Feri22 on November 17, 2014, 09:45:45 AM

It is so nice to have ShroomsKit on ignore Cheesy

meh, sideways it is. I suppose the good ole trade channel trading set up is in order to catch the little dips and ups

ssmc2

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Quote from: Feri22 on November 17, 2014, 09:45:45 AM

It is so nice to have ShroomsKit on ignore Cheesy

Exactly. Now if everyone would just quit quoting him. Roll Eyes

Feri22

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It is so nice to have ShroomsKit on ignore Cheesy

ShroomsKit

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Quote from: wmr42393 on November 17, 2014, 08:32:44 AM

Quote from: magicmexican on November 17, 2014, 08:23:32 AM

There should be probably another attempt of breaking 450 soon, with ~500 as a target

Agreed.. Do you think it will break it ?

No. Notice the huge resistance already to 420? We're going down. You can thank the dumpers for that. They once again killed a rally and scared away new buyers.

ChartBuddy

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Explanation

abercrombie

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Quote from: ShroomsKit on November 17, 2014, 08:31:02 AM

Just another week of pump and dumps.

ShroomsKit reminds me of this guy... Grin

https://www.youtube.com/watch?v=QQhVwBESulM&feature=youtu.be&t=43s

SkyValeey

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Quote from: ShroomsKit on November 17, 2014, 08:31:02 AM

Just another week of pump and dumps.

Please don't post anything, thank you. Wink

NotLambchop

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Quote from: LFC_Bitcoin on November 17, 2014, 08:33:02 AM

...
With a bit of luck in 15-20 years it may be the best thing they ever did & if not it was worth a go, hey?

I think most of the folks in this thread are swing/day traders, some leveraged. The changes you consider noise, to them, are bread and butter.
Hopefully, learning this saves you 15-20 years of hanging out in a thread so clearly irrelevant to you

LFC_Bitcoin

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Quote from: ShroomsKit on November 17, 2014, 08:31:02 AM

Just another week of pump and dumps.

I don't want to know about your sex life.

LFC_Bitcoin

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Quote from: NotLambchop on November 17, 2014, 08:27:19 AM

Quote from: LFC_Bitcoin on November 17, 2014, 08:15:22 AM

Quote from: NotLambchop on November 17, 2014, 08:09:50 AM

...
Do you ever wonder, though, why bulls only trot out "this ain't nothing but noise" rhetoric when Bitcoin price tanks?

...
I wouldn't wipe my arse with the difference of 50 dollars or so per BTC trading unless I was dealing with an absolute monstrosity of a stash.

*The question still stands, tho.

I think some of the bulls are deluded idiots.

My stance is wait & see, BTC is a great, innovative, pioneering invention.
Personally I'm in it for the long haul, my advice to anybody is to keep buying, adding to their BTC stash until it becomes too expensive for them to do so.

With a bit of luck in 15-20 years it may be the best thing they ever did & if not it was worth a go, hey?

wmr42393

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Quote from: magicmexican on November 17, 2014, 08:23:32 AM

There should be probably another attempt of breaking 450 soon, with ~500 as a target

Agreed.. Do you think it will break it ?

ShroomsKit

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Quote from: psjw4450 on November 17, 2014, 08:11:18 AM

I think this rally is slowing down for now. We might bounce back up to around 418 but after that we are heading back down to 340-350.

Yes, the dumpers will take us back to that range for sure. No way they're gonna let their coins get worth more.

brg444

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Bitcoin replaces central, not commercial, banks

Quote from: ShroomsKit on November 17, 2014, 08:31:02 AM

Just another week of pump and dumps.

.

ShroomsKit

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Just another week of pump and dumps.

NotLambchop

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Quote from: LFC_Bitcoin on November 17, 2014, 08:15:22 AM

Quote from: NotLambchop on November 17, 2014, 08:09:50 AM

...
Do you ever wonder, though, why bulls only trot out "this ain't nothing but noise" rhetoric when Bitcoin price tanks?

...
I wouldn't wipe my arse with the difference of 50 dollars or so per BTC trading unless I was dealing with an absolute monstrosity of a stash.

*The question still stands, tho.

magicmexican

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There should be probably another attempt of breaking 450 soon, with ~500 as a target

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24493. (Read 26711605 times)