Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24832.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: noobtrader on October 29, 2014, 09:17:54 AM

Quote from: JayJuanGee on October 29, 2014, 09:13:42 AM

Quote from: noobtrader on October 29, 2014, 08:59:40 AM

Quote from: JayJuanGee on October 29, 2014, 08:57:46 AM

Quote from: adamstgBit on October 29, 2014, 08:46:21 AM

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type. I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours. Wink

O.k.. do you have words? What's your point? I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

are you bought at 238 ? or planning to buy at 238 ?

oh... oops... You got me there. Embarrassed

I made a mistake in my typing, and I had meant to type that I bought at $338 a little before I typed that original post. I wonder if that $238 versus $338 was an innocent typing mistake or a Freudian slip? WHOAZZA!!!!! Good eye, mate. Cry

noobtrader

legendary

Activity: 1456

Merit: 1000

this is crazyness 336 !!! Huh

Tzupy

legendary

Activity: 2170

Merit: 1094

mmitech

legendary

Activity: 1148

Merit: 1001

things you own end up owning you

Quote from: justusranvier on October 29, 2014, 09:05:42 AM

Quote from: UnicornFarts on October 29, 2014, 08:53:58 AM

so when do we hit the bottom people?

When people stop lending their coins out for shorting.

how old are you ? and what kind of education do you have ?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: adamstgBit on October 29, 2014, 09:09:36 AM

1) lend out 50K BTC
2) max leverage 50million
3) Huh

4) Profit!!

These kinds of schemes could cause for real strange dynamics of people being able to officially trade way more coins than they actually possess... but I believe even with these kinds of schemes they are going to run out of coins, sooner or later, unless there is some kinds of shenanigans going on behind the scenes, such as forms of fractional reserve banking with bitcoins.. which would really be what we do NOT want to be taking place (if such fractional reserve bitcoin banking can be prevented from occurring).

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: catena5260 on October 29, 2014, 09:18:18 AM

I think it will be when people stop to have big profits by trading with borrowed coins

There are people trading with borrowed/purchased coins at a loss.

There is a network of entities that buy/borrow coins over the counter, then short with them regardless of whether or not they take losses.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

i think i'm waiting for a sign to get my bids in...

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: JayJuanGee on October 29, 2014, 09:13:42 AM

Quote from: noobtrader on October 29, 2014, 08:59:40 AM

Quote from: JayJuanGee on October 29, 2014, 08:57:46 AM

Quote from: adamstgBit on October 29, 2014, 08:46:21 AM

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type. I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours. Wink

O.k.. do you have words? What's your point? I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

did you go back in time to pick up $238 coins?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: JorgeStolfi on October 29, 2014, 09:09:08 AM

Quote from: touhonoob on October 29, 2014, 08:13:15 AM

Number of transactions ATH
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=1year&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

Yet the total daily transaction output volume in BTC (minus changebacks) is still ~120 kBTC/day, less than it was in mid-March, late May, and two weeks ago:
https://blockchain.info/charts/estimated-transaction-volume?showDataPoints=false&show_header=true&daysAverageString=7×pan=&scale=0

And, since the price has been falling, the total volume in USD (minus changebacks) has been stagnating near 50 M$/day since late March, after falling from 80+ M$/day in January
https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0

By the way, those charts do not seem to have been maintained in a long time, and no one is monitoring their "contact us" thread. I wonder how they identify the "popular addresses". The growth in the chart posted by @touhonoob could be due to that list becoming outdated, so that new "popular addresses" are increasingly being included in the plot.

There's NOTHING that is really bearish about the data contained in your first two links above, and your last point seems to be near total pie in the sky speculation with NO real world evidence to support the point that you seem to be attempting to outline (as if bitcoin is kind of dying away... hehehehe.. yeah, right...)

catena5260

sr. member

Activity: 476

Merit: 501

Quote from: justusranvier on October 29, 2014, 09:05:42 AM

Quote from: UnicornFarts on October 29, 2014, 08:53:58 AM

so when do we hit the bottom people?

When people stop lending their coins out for shorting.

You mean never.

I think it will be when people stop to have big profits by trading with borrowed coins

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: JayJuanGee on October 29, 2014, 09:13:42 AM

Quote from: noobtrader on October 29, 2014, 08:59:40 AM

Quote from: JayJuanGee on October 29, 2014, 08:57:46 AM

Quote from: adamstgBit on October 29, 2014, 08:46:21 AM

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type. I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours. Wink

O.k.. do you have words? What's your point? I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

are you bought at 238 ? or planning to buy at 238 ?

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: noobtrader on October 29, 2014, 08:59:40 AM

Quote from: JayJuanGee on October 29, 2014, 08:57:46 AM

Quote from: adamstgBit on October 29, 2014, 08:46:21 AM

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type. I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours. Wink

O.k.. do you have words? What's your point? I have been pretty straight forward about my various buying strategies while prices are dropping... that has been my strategy for quite some time because overall I retain the theory that prices will be rebounding at some point (and it could be unexpected and it could be violent... I have NO crystal ball, just a BTC buying and holding strategy that I am attempting to employ on an ongoing basis).

NotLambchop

sr. member

Activity: 378

Merit: 254

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: Brewins on October 29, 2014, 08:56:38 AM

Quote from: UnicornFarts on October 29, 2014, 08:53:58 AM

so when do we hit the bottom people?

can be anywere from 275 to 0

Surely it is NOT impossible, but seems like there would be a considerable battle for prices to go below $300 again.... but what the fuck do I know?

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

1) lend out 50K BTC
2) max leverage 50million
3) Huh

4) Profit!!

JorgeStolfi

hero member

Activity: 910

Merit: 1003

Quote from: touhonoob on October 29, 2014, 08:13:15 AM

Number of transactions ATH
https://blockchain.info/charts/n-transactions-excluding-popular?timespan=1year&showDataPoints=false&daysAverageString=14&show_header=true&scale=0&address=

Yet the total daily transaction output volume in BTC (minus changebacks) is still ~120 kBTC/day, less than it was in mid-March, late May, and two weeks ago:
https://blockchain.info/charts/estimated-transaction-volume?showDataPoints=false&show_header=true&daysAverageString=7×pan=&scale=0

And, since the price has been falling, the total volume in USD (minus changebacks) has been stagnating near 50 M$/day since late March, after falling from 80+ M$/day in January
https://blockchain.info/charts/estimated-transaction-volume-usd?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0

By the way, those charts do not seem to have been maintained in a long time, and no one is monitoring their "contact us" thread. I wonder how they identify the "popular addresses". The growth in the chart posted by @touhonoob could be due to that list becoming outdated, so that new "popular addresses" are increasingly being included in the plot.

justusranvier

legendary

Activity: 1400

Merit: 1013

Quote from: UnicornFarts on October 29, 2014, 08:53:58 AM

so when do we hit the bottom people?

When people stop lending their coins out for shorting.

JayJuanGee

legendary

Activity: 3962

Merit: 11519

Self-Custody is a right. Say no to"Non-custodial"

Quote from: fonzie on October 29, 2014, 08:49:43 AM

Quote from: adamstgBit on October 29, 2014, 08:46:21 AM

gr8est buying opt of our time?

Wait a few more days

I suppose it is possible that we could have another weekend price-resistance battle.. that might bring prices into the lower $300s. I do have my doubts about prices going below $320, again, but I have said that before, too... and I have been proven wrong before that was mostly occurring in early October when prices transgressed $360 and as we know matters got worse, and prices kept transgressing points below my predictive insights. In other words, NEVER say NEVER in Bitcoinlandia.

ChartBuddy

legendary

Activity: 2380

Merit: 1823

1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ

Explanation

noobtrader

legendary

Activity: 1456

Merit: 1000

Quote from: JayJuanGee on October 29, 2014, 08:57:46 AM

Quote from: adamstgBit on October 29, 2014, 08:46:21 AM

gr8est buying opt of our time? or just another wednesday?

I am NOT sure about whether this is the "greatest buying opt of our time;" however, there seems to be a pretty decent buying opportunity presented to us at this very moment, as I type. I made a small contribution to the battle, and bought nearly 2 BTC at $238, and I suppose my next purchase point will be in the mid-$320s arena, if prices were to sink that low in the next critical 24 hours. Wink

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 24832. (Read 26712934 times)