Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24756. (Read 26712378 times)

82 people thought price would be higher than $400 on Halloween. And they say the majority are bearish 

We've still got quite a ways to go before the real panic sets in. $266 will be very interesting.

http://cointelegraph.com/news/112827/spells-of-orbital-the-first-game-that-uses-bitcoin-and-blockchain-technology-announced

GAMES + BLOCKCHAIN + MONEY

BULLISH !!!

Explanation

them bottom is always near, even we are in the top, because here is the trollfest topic


Only thing that changed is that now the bitcoin is dead trolls are dominating, while some time ago the bitcoin to the moon 1M each until the end of year trolls were more active some months ago

do i see market movement in a blip

the technology is the blockchain

the coin can die, the tech will survive

To elaborate, just for fun: It depends. Imagine two actors, one has a car, and the other has 10 coins. The  coin owner might think the car is worth more for him, and want to buy it. The other might think the car is worth less than 10 coins, and want to sell, in which case there will be a trade.

Note that the car owner can use cars as a unit of account, asking himself whether the coins are worth more than a car, or less than a car. It is the same, and it is important to know that the value of money is decided in the market just like other goods.

Now the important point. After the trade, the situation can be exactly the same, only the individual actors are different. One holds a car, the other one holds the coins. The value in the market for both of those things should be the same. But if the new car-holder thinks, after the trade, that now is the time to earn some new coins to repair his cash balance, and coin owner is happy holding his, the value of the coins have to go up and therefore the value of the car goes down (all things on the market other than money, really). Opposite, if the new car owner is happy with his situation, and the new coin owner sets out to spend his coins as fast as possible, the value of the coins should go down.

Now the really important point: This change of value of the money and the useful goods could happen without the trade, it is the actors' individual valuation, in aggregate that matters. That is why actual trade with money does not change it's value directly (indirectly there are lots of avenues for more transactions to lead to higher value, but that is beside the point).

Quote this every page that Shroomsy posts in.

Inca, what happened to your posts about how big money secretly is accumulating and all that other bullshit?
Haven't seen any of those in a while.

Finally waking up from the fantasy?

So it is a question of losing value, not money.

Let's do some wall observing

i like this positive words , yes it will go up again soon.
i hope all btc holders are not panic , learn from the past.

No, there is a choice: ignore OR argue.

BTC swap rights dived on finex..noone wants to borrow btc..

Big trollfest here again means bottom must be near.

Indeed, it knows you are a degenerate.  

LOL

Frighteningly accurate.

well, until it doesn't.

I currently hope for a bounce off ~$300 on high volume, painting a higher low (higher than 275). If we subsequently top out somewhere above 420, we'd have a higher high also and one could therefore talk about a trend reversal.

I still entertain the idea that 275 was a V-shaped bottom forming "the" bottom. It fits nicely with past behaviour, but maybe it's naive to think that way.

The bearish case: we slam through 300, 275 (maybe on second go), maybe even 266. If the latter: people will cut their loose in droves and the bears will have a big party. Panic, capitulation and a nasty bottom below the old ATH. Not a pretty sight and quite unlikely imo.

I guess I'm stating the obvious, though.

Interesting times anyways.